Economy and Politics: Strategies States Should Adopt to Navigate Post-COVID-19 Fiscal Challenges
This edition of the "Economy and Politics" show features Dr. Ayo Teriba, the CEO of Economic Associates as he speaks 0n "H2, 2021: Economic Outlook for States".
According to him, there are four pillars that states should adopt to navigate the current fiscal challenge, which includes; possession-based strategies, place-based strategies, product-based strategies, and people-based strategies.
He observed that a lot of states do not know the market value of their corporations and it was important to leverage the capital market to list companies and assets.
The economist was of the view that the more a state's corporate assets turn to financial assets, it will boost revenue because of the securitization process through the market.
Considering the gradual recovery of the Nigerian economy, he advised states to halt any plan of hiking tax rates but encouraged them to subsidize the income of citizens.