He said the wealth accruing from it was a major hindrance to innovation.
The Governor explained that when the oil wells dry up, the government and people will become serious about developing the country.
“Because Nigeria gets easy money from oil, the nation has lost its thinking initiative on how to develop other sources of revenue and diversify the economy.
“We get easy money, we do not collect taxes and our taxes are six per cent of Gross Domestic Product; that is an average of 21per cent. We stop respecting the intellectuals that we have in our universities because we get easy money.
On policing, he said: “It is obvious that Nigeria is severely under-policed, and will require more personnel, intelligence assets, better training, technology and equipment for its security agencies for the country to be a credible guarantor of security.
“Even if these were to be available, it is also debatable whether a single centralised policing system, structure and staffing for 200 million citizens is viable in a diverse, multi-lingual, multi-cultural and multi-ethnic nation like Nigeria.”
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