The Abia State Government has said it will cease to depend on Federal allocation from 2022 when the return on government’s current investment in oil palm will be sufficient enough to finance the state.
The State Commissioner for Information, Mr John Okiyi, made the assertion on Wednesday at an interaction with the members of the Correspondents Chapel of the Nigeria Union of Journalists (NUJ) in Umuahia.
Okiyi said that the present administration had invested heavily in agriculture, especially in oil palm plantations.
According to him, “government has so far planted 7.7 million high-yielding tenera palm seedlings, which will start yielding within the next three years.”
Okiyi also reacted to the recent ranking by the National Bureau of Statistics (NBS), which ranked Abia as middle-class state in the country.
He described the ranking as fair enough, but argued that the state has yet to get to where it hoped to be.
According to him, Abia will not rest on its oars, but “determined to break new grounds until we are able to meet our dream for Abia”.
The commissioner said that the NBS ranking proved that the state had pride itself in the prudent management of its scarce resources.
“It shows that Abia has not been borrowing over the years and that we have also been prudent in management of our limited resources,” Okiyi said.
He justfied the government’s spending of over N6.8 billion to reconstruct Faulks Road, Aba,
The commissioner said that the project included the construction of underground tunnels that would move excess water from the Ifeobara Pond to Waterside.
Okiyi said that the road, as well as others, were built with the cement technology to last for 30 years by renowned road construction companies.