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Edo 2020: Nothing shows Edo is oil producing state — NRM candidate



Edo 2020: Nothing shows Edo is oil producing state — NRM candidate

Mr Stevie Ozono, the governorship candidate of the National Rescue Movement (NRM), in Edo, says the present state of development in Edo does not depict its status as an oil producing state.

The NRM governorship candidate for the Sept. 19, polls, therefore, noted that his mission would be to make the state “an ocean of prosperity in Nigeria, a model of good governance for other states”.

The News Agency of Nigeria reports that this statement was extracted from the manifesto of the candidate which was made available to newsmen in Benin on Thursday.

While noting that Edo contributes about 2.06 per cent of the total crude oil output in the country he, however, regtetted that the state had not be able to utilise the Federal allocation and internally generated revenues beyond the current situations.

According to him, “In 2019 alone, our state received from the federal account allocation a total sum of N66.5bn.

“However, it is becoming very difficult to align the state’s development to her status as an oil producing state.

“We are strongly determined to put the interest of the state first in all our thinking and actions. We will put the interest of the people first, not my party or anyone else.

“Resources and revenues of the state shall be used to improve lives and livelihood of the people of the state.”

Ozono, who said that the drive of his government would be people-friendly, stressed that he would reduce the debt burden of the state significantly by running a cost-efficient cabinet.

He further said that security vote and needless allowances of the executive arm of his government would be curtailed and, instead, used for the development of the state.

“As at year end 2018, Fiscal Responsibility Commission’s (FRC), annual report states that the debt to revenue ratio of Edo State stands at 248.1 per cent, which obviously is over the limit of the FRC by 198.1 per cent.”

The NRM candidate, who decried the unemployment rate in the state, said his administration would change the narrative.

According to him, “We are not comfortable with the 25.1 per cent unemployment rate (1,250,000 people) and 18.4 per cent underemployment rate (900,000 people) of the state.

“We are worried but determined to reduce this to single digit via our various developmental agenda, using the SDGs as our measurement tool,” he said.

Edited By: Kevin Okunzuwa/Donald Ugwu (NAN)

Ehigimetor Igbaugba: is a graduate and a professionally trained journalist, with experience in national news reporting/editing and verification at the News Agency of Nigeria. NNN is a Nigerian online news portal that publishes breaking news in Nigeria, and across the world. Our journalists are honest, fair, accurate, thorough and courageous in gathering, reporting and interpreting news in the best interest of the public, because truth is the cornerstone of journalism and they strive diligently to ascertain the truth in every news report. Contact: editor[at]

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