vice President, Yemi Osinbajo has advised state governors to think beyond the four or eight years they will be in office.
He stated this on Thursday at the Leadership Newspapers Awards and Conference in Abuja.
Speaking on efforts of the Buhari government in creating an enabling environment, Osinbajo said: “We have reduced business registration times, we’ve implemented a functioning Visa on Arrival system, launched an online system for filing taxes, among other reforms.
“By dismantling the bureaucratic obstacles in the way of businesses and investors, we are hoping to unleash the full potential of private enterprise; the kind of enterprise that creates jobs, that grows the economy, and produces future tax revenues for the government.
“This conversation about creating financially viable states should therefore be viewed through the lens of the medium to the long term. There will always be the temptation to prioritize raising Internally Generated Revenue (IGR) at all costs. If this is done in a manner that stifles today’s entrepreneurs and investors, then clearly there will be a great price to pay down the line.
“So, it is clear that Governors have to think beyond four or eight year cycles. There must be a commitment to laying a foundation that our successors will build on, and for successors to be ready to build on foundations laid.
“One of the challenges with governance in Nigeria today is that penchant for dismantling or dismissing everything inherited. President Buhari insisted when we assumed office that we must ensure the completion of projects started but abandoned or uncompleted by previous governments before starting new ones.
“Our problem, of course, in our country, is not in new ideas or starting projects, it is the lack of rigour and discipline to complete projects and to maintain them.”