Senator representing Anambra South senatorial zone, Senator Ifeanyi Ubah, has said Anambra has the potential to be the strongest economy in Nigeria, but bad administration has remained her bane.
Ubah who stated this during an interactive session with journalists said there is need for expansion in economic output in Anambra with the aim of producing higher average incomes and expenditure that would bring about manageable inflation.
The senator who recently stated that he would contest for the governorship position of Anambra State next year said he has prepared an economic blueprint that would lift the state.
He said: “The worrisome economic state of affairs in Anambra State shows that our great fortress and walls of wealth have been broken, and our government is positioned to holistically interrogate the underlying issues and find a permanent fix.
“States must develop according to their comparative advantage. Comparative advantage is simply an economy’s ability to focus on the production of goods and services at a lower opportunity cost than one’s competitors.
“A comparative advantage gives one the ability to do more and stay stronger. Anambra is reputed for its prowess in commerce, technology, education, sports and many more.
“Any economic policy developed for Anambra State that does not derive from this trajectory is a misplacement of priorities and out of place, “he said.
Senator Ubah named; digital economy; fiscal responsibility, firm anchor on trade facilitation with incentives to Private Public Partnership to ensure ease of doing business and some of the areas he would place priority on.
He also said there will be industrialization and economic diversification to reposition Anambra State as the fastest growing economy in Nigeria, if he gets the chance to lead the state.
David-Chyddy Eleke in Awka
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