#NES25:Nigerian Governors Forum Adopts Peer Review Mechanism, Mulls Regional Economic Corridors


Tuesday, October 15, 2019 / 01:30 PM / Ottoabasi Abasiekong for Proshare WebTV / Header Image Credit: @OfficialNESG


The 2019 Class of Nigerian Governors have expressed readiness to adopt peer review mechanisms and leverage the regional economic corridors in the country. 

The decisions were the outcome of a panel discussion on "Sub-National Competitiveness" at the just concluded 25th Nigerian Economic Summit (NES) in Abuja. 

The Governors who participated in the event were; Dr. Kayode Fayemi, Ekiti State, Abdulrazaq Abdulrahman, Kwara State, and Emeka Ihedioha, Imo State. 

Anchored by, Dr. Franklin Ngwu, of the Lagos Business School, the Governors had the opportunity to interact with stakeholders on critical issues on state governance. 

Governor Kayode Fayemi, who is the chairman of the forum said the 2019 class of Governors had adopted the peer review mechanism, which provides the opportunity for states to learn from one another and strengthen competitiveness. 

He cited the example of Edo state, which has become a template in the education sector, with Governor Godwin Obaseki recently voted as the 2019 Nigerian Union of Teachers Best Governor supporting the sector. 

Governor Fayemi said several states have been visiting Edo to learn how to improve their education sector. 

Also, he identified Kaduna state as a leader in governance and public finance that is also being understudied by other states. 

The Ekiti state Governor also informed stakeholders that the NGF was also working to adopt the various geo-political zones in the country, as economic corridors to expand trade and commerce. 

Fayemi also noted that in the area of mining which is on the concurrent list, states could explore special purpose vehicles (SPVs) to carry out the mining operations. 

Edo State Governor, Mr. Godwin Obaseki, in his contribution to the discussion said that Human Capital Development was important in driving competitiveness across the country. 

Governor Emeka Ihedioha, on his part made a strong call for the review of the revenue allocation formula amongst the Federal, State and Local Governments, which currently gives the Federal Government 52%, States 27% and LGAs 21%. 

The Kwara State Governor Mr Abdulrahman Abdulrazaq emphasised the creation of an enabling environment to attract the private sector, to finance viable infrastructure projects in the states.

Proshare Nigeria Pvt. Ltd.


Proshare Nigeria Pvt. Ltd.

Related News

1.       Inflation Set to Buck its Declining Trend

2.      All Products Terms Of Trade Index Increased By 1.27% in Q2 2019

3.      Shared Responsibility: Building and Sustaining a Strong Economic Future for Nigeria

4.      #NES25: Buhari Assures Private Sector Of Continuous Collaboration To Drive Inclusive Growth

5.      Resetting Nigeria On The Path Of Predictable Progress - Tunde Bakare

6.      Weekly Economic and Financial Commentary - Week Ended Oct 04, 2019

7.      Nigerian Banks Improve NPLs Post-recession

Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.

Related News