By Adeolu Adeyemo – New Telegraph
…as FDC names Osun second wealthiest state
The Financial Derivatives Company (FDC) has named Osun State the second wealthiest of the 36 states of the federation just as Governor Rauf Aregbesola said yesterday that he had delivered his campaign promises to the people of the state in the last seven years. However, in a report released by the FDC’s Managing Director, Bismark Rewane entitled “How the States Performed in 2017,” said in one of the top three economic analysts in Nigeria, Osun had the lowest net Federal Account Allocation Committee (FAAC) allocation but was not delinquent in the payment of salary arrears.
The report showed that Osun was the second best in the measured “Misery Index” with a 16.37 per cent inflation rate, which also sums up with the rate of under-employment and unemployment.
Commissioner for Information and Strategies, Hon. Adelani Baderinwa noted that the recent report of the Financial Derivatives Company (FDC) that ranked Osun as the second wealthiest state in Nigeria in 2017 was the manifestation of delivery of good governance by Aregbesola. Baderinwa said the report was a sincere and professional assessment of economic activities and development in the state in terms of income and expenditure and how it positively affected the people in general.
He said: “The FDC report is a welcome development; it actually reflects the social and economic development in the state. ” This type of report is coming for the fourth time in six months from veritable and independent sources – the first from the United Nations (UN) Multi- Dimensional Poverty Index 2016, second from the National Bureau of Statistics, the Renaissance Capital, a leading emerging markets investment bank in Africa and now the FDC Misery Index 2017.” Meanwhile, Aregbesola has said that his administration had delivered on its mandate to Osun people as it had laid an enduring legacy in all aspects of the economy.
Aregbesola said: “We all knew how Osun was before our emergence and we all know how Osun is today. We have impacted tremendously on the lives of our people in all aspects of life. “Our administration remains the only government in Osun to have constructed five bridges since Osun has been in existence either as part of western region, western state, old Oyo State and now Osun State.
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