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Development dependent on resource control – NECA

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LAGOS — UMBRELLA body for employers in the country; Nigeria Employers Consultative Association, NECA, has said only the principle of derivation otherwise known as “Resource Control”, will return Nigeria to the part of growth and development.

Director-General of NECA, Mr. Segun Oshinowo, in a a chat with Vanguard argued that the country must jettison sharing culture for a distributive dispensation where rather than draw from the centre, the various component states would contribute to the centre.

“The truth is that, our political structure plays an important role in the current situation we are today. We cannot continue to run an economy where all roads lead to Abuja every month. We cannot continue to promote a sharing culture. We must jettison sharing culture for , a distributive dispensation where rather than draw from the centre, we expect the various components to contribute to the centre. Let us turn around the equation. Let the contributors determine the much they want to contribute to the centre to maintain national assets and national legacies. But now the centre takes everything and then distribute to the states. So, what is the motivation for the federating states to work or explore what they have under their soil?”

“I think we need to change that and I believe that in changing that, we require political restructuring of this country. If we have to go the whole breadth of resource control, what is wrong with that? It will not be out of place for us to say that, look, we have given ourselves a moratorium or a notice that all levels of government, local government, state government, from2015 or. 2016, we are no longer going to share oil money; we are going to put all our monies into sovereign wealth.

So, whatever you are going to get between now and 2015, start addressing your mind as how you are going go use it to discover what you will be able to find out in your soil or environment that will now bring regular income from it. I think we need that kind of radical change.”


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