Dwindling oil price: Explore alternative sources of revenue, FG tells states:


 As the price of oil in  the international market continues to dwindle, the Federal Government insisted that state governments must begin to explore alternative sources of generating revenues in their respective states to augment what they were getting from the centre as monthly allocations. Addressing newsmen, yesterday, after the National Economic Council, NEC, meeting in Abuja, where Vice President Yemi Osinbajo represented President Muhammadu Buhari; Minister of Budget and National Planning, Udoma Udo Udoma, said the advice became imperative in the face of the country’s present daunting economic challenges. Udoma said the government, at the meeting, resolved that state governments should not only begin to do away with wastes but also exhibit prudence in the management of their resources.

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