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Time Bomb:Unemployment In Nigeria

Obasanjo who spoke during a workshop on “ Economic Diversification and Revenue Generation” organized by the Ogun state government  and Revenue Mobilization and Fiscal Commission, complained about the high rate of unemployment, which he said agriculture could solve.

For too long the nation has been sharing revenue from only one source which is oil and the time has come  for the governments to devise  ingenious ways of expanding their revenue base by venturing into agriculture ,tourism, manufacturing etc

Governor Ibikunle Amosun, while declaring the workshop open, called for a review of the revenue sharing formula, saying that the allocation of 26 per cent for states is too small for any state to  engage in developmental project.

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