The Abia State Government has announced that from 2020, its investments in palm oil plantations would have matured and started yielding the state enough revenue for it to stop depend on Federal allocation for sustenance.
Mr. John Okiyi, the state’s Commissioner for Information, made the disclosure while addressing pressmen in Umuahi on Wednesday.
In the Commissioners submissions, the state government has so far planted 7.7 million high-yielding Tenera Palm seedlings, which will start yielding within the next three years.
According to Mr Okiyi,
“Abia will not rest on its oars, but determined to break new grounds until we are able to meet our dream for Abia. It shows that Abia has not been borrowing over the years and that we have also been prudent in the management of our limited resources.”
On the recent ranking of Abia State by the National Bureau of Statistics as a middle-class state, the Commissioner said the score was as fair admitting that the peak had not been attained yet.
On a final analysis, Commissioner Okiyi extolled the prudent management of resources by the state government which he said were being deployed for projects meant to impact on the people’s lives.