Ademola Adeleke, the governor of Osun State, has pushed for the devolution of power and funding to state governments as a method of finding long-term solutions to the nation’s economic difficulties of suffering, unemployment, and hyperinflation.
This idea was part of Governor Adeleke’s remarks during Adeleke University’s convocation ceremony in Ede, Osun State, on Sunday.
While stating that devolution of government powers and duties was the solution, Governor Adeleke advocated for a greater emphasis on economic federalism.
He also stated that it will increase subnational prosperity, provide an enabling climate for job growth, and strengthen local capability across all sectors.
Governor Adeleke said:
“At the National Economic Council meetings, both the federal and the state governments regularly brainstorm on finding solutions to the economic hardship, unemployment, and hyperinflation facing the nation. Several options are being experimented on.
“For us as a state, we believe the solution lies in the devolution of powers and financing to the state governments.
“So the solution is more devolution rather than more centralisation of governance powers and responsibilities.”
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cc: Daily Post Ng
