RMAFC urges state to emulate Cross River on economic diversification

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The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) on Monday called on other states in Nigeria to emulate Cross River State on economic diversification.

The Federal Commissioner representing Kwara, Shuaibu Abdullahi Yaman who led a 14-man team on an assessment tour to the state to observe the extent of economic diversification by the  Cross River Government was thrilled with what he saw on the ground and he said their visit was part of the efforts of the Federal Government to encourage Sub-National Governments to diversify their economy.

Shuaibu who poured encomiums on the State Governor, Senator Prof Ben Ayade for his industrialization drive said he was impressed by the level of diversification in the State. He called on other States to emulate Cross River State while assuring Federal Government support to the projects.

He noted that the Federal Government has specified some areas for diversification which include Agriculture, Agro-Processing and Solid Minerals Processing

Speaking earlier, the Cross River State Commissioner for Finance, Mr Asuquo Ekpenyong led the Federal Government team on a project inspection that spanned several local governments: from the Industrial Park in Calabar Municipal to the Cocoa processing Mill in Ikom, to the Rice Mill Ogoja and to the Cargo Airport, Obudu etc.

The team had earlier met with His Excellency; Senator Prof Ben Ayade on February 22, 2021, before they were taken on a tour of all State government-sponsored projects spreading from Calabar to Obudu over the course of Tuesday 23rd and Wednesday 24th February.

The official communiqué signed by the team  from RMAFC concluded by stating that Cross River has been ascertained to be the most economically diversified state in the Federation.

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