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You are here:Home arrow News arrow I Will Balance Economic Growth, Yar'Adua Assures Northern Union
I Will Balance Economic Growth, Yar'Adua Assures Northern Union Print E-mail
Written by News Hound   
Tuesday, 18 September 2007
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President Umaru Musa Yar’Adua has assured that his administration will take necessary steps to address the phenomenon of economic growth without real development in Nigeria.

Addressing a delegation of the Northern Union (NU), a northern political group led by Dr. Olusola Saraki, President Yar’Adua said “we have a lot of work to do. We must work to ensure that all Nigerians live above the poverty line and all our policies must focus on poverty reduction.

“We are very concerned about how other Nigerians live and we will try very hard to evolve and implement policies and programmes to solve the problems of unemployment, poverty and disease”.

He thanked the Northern Union for their presentation to him of a blueprint titled: “Growing the Nigerian Economy to Fight Poverty”, saying that his economic team will study the document and factor its salient points into his Administration’s economic agenda.

Dr. Saraki had lamented the disparity in economic growth of the North and the South, noting that the past eight years of the Olusegun Obasanjo tenure were not economically beneficial to the North.

“You are the change agent that God has helped to give this nation. We need a leader with a brilliant vision for the future and the Northern Union believes you possess it.

“So with this blueprint and other documents, we believe you will put up a policy of social justice so that those who have been left out, you will try to bring in, and those left behind, you will seriously help to catch up, especially with the knowledge that 70.1% of the poverty is in the North,” Saraki said in address he presented to President Yar’Adua.

He also explained later that “revenue allocation formular should be reviewed because now it is lopsided. We are in a federalism and one of the principles of federalism is that no state should be so rich that it can afford to wage a war. But some states are swimming in money and other states are suffering. So, we need to balance up.

“The economy of the North in the last eight years fared very poorly. Many industries were closed down and that is why we are approaching the government with these suggestions. We are going round to advise the northern governors too in this regard”.

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Last Updated ( Tuesday, 18 September 2007 )
 
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