As part of efforts to diversify the economy thereby reducing over dependence on oil the Revenue Mobilization Allocation and Fiscal Commission is to partner with Kano State Government to develop the non-oil sector of the economy.
Chairman of the Commission Elias Mbam stated this during an interactive session with a delegation from Kano led by the Deputy Governor, Abdullahi Ganduje who represented the Governor. He said considering that revenue from the oil sector is exhaustible and non-renewable, with also the volatility in the international oil market prices, there is the need for states and local governments to take advantage of the natural Resource Development Fund and the ecological funds to develop the non-oil sector in order to boost their revenue base.
The Kano State Deputy governor said the present Administration in the state has adopted a three style approach to speed up the revitalization of the economy by sinking over 7 billion naira in the development of agriculture, solid minerals and Tourism.
He therefore said in order to compliment this effort, the state requires the infusion of over 272 billion naira from the Special Intervention Funds to France the Infrastructure projects as well as to solve the ecological problems in the state.