The candidate of the National Rescue Movement, (NRM), Stevie Ozono, for the September 19 Governorship election in Edo stated that it is difficult to align development in the state to her status as an oil producing state, said the party will harness the state oil reserves.
The NRM guber candidate said that his mission is to make the state “an ocean of prosperity in Nigeria, a model of good governance for other states.”
The 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 regretted that the state has not be able to utilised the federal account 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 will be curtailed and instead used for the development of the state.
“As at year end 2018, Fiscal Responsibility Commission (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 government 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.”