Why Anambra did not experience recession with rest of Nigeria – Obiano | Nigeria Newspaper- Nigeria News| Naija News

28.10.17

Why Anambra did not experience recession with rest of Nigeria – Obiano

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Why Anambra did not experience recession with rest of Nigeria – Obiano
Governor of Anambra State, Willie Obiano, has highlighted steps his government took to keep the state out of the recession that rocked the country for more than 15 months.
According to him, robust internal revenue generation mechanisms put in place by the state government and prompt payment of workers’ salaries helped keep the state out of recession.
Obiano stated this during the weekend when he met with Balogun Business Association at Trade Fair Complex, Ojo, Lagos, and traders in Alaba International Market, Ojo Alaba.
He said: “One important thing I want us to know is that in Anambra we have a lot of activities going on and even when other states were in a recession, Anambra state didn’t experience it because we generate over N1 billion monthly and that has been stimulating the economic activities of the state which is of great importance.”
Obiano said apart from generating N1billion monthly, Anambra also pay workers’ salaries promptly.
“Another reason why Anambra did not go into recession is that we pay salaries as at when due, exactly on the 25th of every month.
“Another important thing is that in Anambra state, work is in progress. The largest electronics market in sub-Saharan Africa will be built in Anambra, including our airport projects,” he said.

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