Operation Rescue Edo Economy Urgently! What Okpebholo And Denco Mean

Operation Rescue Edo Economy Urgently! What Okpebholo And Denco MeanIn the harsh economic realities of the country today, Edo State is among the worst hit, with poor performance across basic economic indices:....KINDLY READ THE FULL STORY HERE▶

1. Multidimensional Poverty Index: 35.2% (the highest among the South-South states).

2. Debt to GDP Ratio: 175.6% (among the most indebted states in Nigeria as of 2023).

3. Debt to Revenue: 5.2% (the revenue capacity the state has to pay off its debt in cash, all things being equal).

4. Debt Growth: The debt profile of Edo State increased from N79.34 billion in 2015 to N223.39 billion in June 2022.

5. Unemployment: About one million Edo citizens are officially captured as unemployed by the NBS, while the underemployed rate and others in the informal sector of the state economy account for another one million people.

Given these challenges, it is worthy to note that the political leadership combination of Senator Monday Okpebholo and Rt. Hon. Dennis Idahosa, as strategic and realistic leaders, will embark on a fundamental economic rescue and recovery approach to revitalize and grow the Edo State economy to achieve the shared prosperity the citizens yearn for.

USING INFRASTRUCTURE AS A FUNDAMENTAL TO SPUR ECONOMIC RECOVERY AND GROWTH IN EDO STATE

This approach was first applied robustly and visionarily by the then-Governor Adams Aliyu Oshiomhole administration. It led to internal economic growth for the state with the availability of basic infrastructure, encouraging the localization of industries and businesses in Edo State.

Infrastructure spending occurs when a local, state, or federal government invests in building or repairing the physical structures and facilities needed for commerce and society to thrive. Infrastructure includes roads, bridges, human capital development through investment in the knowledge economy, health institutions, ports, sewer systems, and other strategic investments that open up rural areas for economic stratification and development.

Economists who favor infrastructure spending as an economic catalyst argue that having top-notch infrastructure increases productivity by enabling businesses to operate as efficiently as possible. For example, when roads and bridges are abundant and in working order, trucks spend less time sitting in traffic and don’t have to take circuitous routes to traverse waterways.

With strong infrastructure revamping comes huge attraction from the investment community and business world to Edo State for business and industrial localization. This would increase employment, improve trading and commerce activities through “economies of scale,” enhance household incomes, and boost government revenue in all forms of taxes.

LET’S GO WITH THE MODEN COMBINATION

Let’s do this for the future of Edo State.
Let’s build together, dear Edo people, for the collective development of our state.
Let’s go with the winning combination! Let’s vote for Senator Monday Okpebholo and Rt. Hon. Dennis Idahosa for Governor and Deputy Governor of Edo State.

By Comrade Haruna Braimoh
The APC NEW MEDIA