A governorship aspirant on the platform of the All Progressives Congress (APC) in Kogi, Alhaji Suleiman Baba-Ali has identified over dependence on Federal allocations as the bane of socio-economic development in states.
Baba-Ali who disclosed this at a meeting with major political stakeholders in the state on Tuesday in Lokoja said many states in the state had remained poor and underdeveloped because the Federation Account remained their sole source of income.
The aspirant regretted that untapped revenue sources abounded in many states especially, Kogi adding that the state had enough to make it one of the richest in the country if properly harnessed.
“I find it very frustrating when people say Kogi is broke and can only afford to pay 60 per cent salary instead of 100. Such excuses are unacceptable. There are a lot of revenue leakages which need to be sealed up.”
If given the opportunity to serve the state, Baba-Ali said that with his background in the private sector, his administration would synergise with corporate bodies like Dangote Cement Company to build a prosperous Kogi state.
On the Ajaokuta Steel Company, the aspirant said he would adopt two options in exploiting the advantages of the giant steel complex to shore up economic fortunes of the state.
“The first option is to explore the mineral resources through private investors by building medium-scale steel plants which will eventually give birth to other subsidiary companies.
“By doing this, the state government will generate much revenue and more tax through PAYE from those employed,” he added.
Baba-Ali implored the people to grant him the opportunity to build a new Kogi saying his administration would bring about changes that would benefit all saying his reforms would take off from the moment he is inaugurated.