Gov Okowa inaugurates Delta state economic council in Asaba- Governor Ifeanyi Okowa has inaugurated the Delta state economic council - The governor urged the council to come up with solutions to help the state's economy - Governor Okowa also lamented over the fragility of the Nigerian economy PAY ATTENTION: Click “See First” under the “Following” tab to see Legit.ng News on your Facebook News Feed! Delta governor, Senator Ifeanyi Okowa, on Friday, August 28 inaugurated the state’s economic council, with a charge to the members to institute strong, credible and enduring platforms for diversification of the economy, including enhancing business competitiveness. The council is headed by the deputy governor, Mr Kingsley Otuaro while the commissioner for economic planning, Dr Barry Pere-Gbe, will serve as the committee's secretary. At the ceremony in Government House, Asaba, the governor urged the council to proffer viable alternatives to building strong public/private partnerships, formulate policies and practices that promote institutional transparency and accountability. PAY ATTENTION: Download our mobile app to enjoy the latest news update He also tasked the body to ensure the predictability of policies that would create confidence in the investing public and provide innovative strategies for expanding the tax base and improving the efficiency of tax administration. According to him, the council is also expected to initiate reforms aimed at strengthening public financial management systems, including budget management, mid-year budget reviews designed to align annual budgets to emerging scenarios/trends. Speaking on the overall Nigerian economy, Governor Okowa said: “Our economic situation is regrettably still fragile, depending largely on oil earnings and, therefore, vulnerable to price volatility and commodity booms and busts. “Let me stress that we must continue to improve our credibility rating on issues concerning transparency and accountability, not only among our people but also in the eyes of the business and investment community. “We must also continue to rationalise expenditures, maximise value for money and ensure good project selection to enhance the judicious allocation of resources.” He congratulated members of the council and urged them to be guided by the zeal to contribute to the economic growth and development of the state. Responding on behalf of members of the council, commissioner for finance, Chief Fidelis Tilije, expressed confidence that the council would “take the right steps to ensure that economic processes and procedures are not just established but seen to be operational and contribute to the equitable development of Delta.” Legit.ng had earlier reported that Governor Okowa recently identified rising insecurity, poor power supply as the bane of industrialisation and economic growth in Nigeria. The governor stated this on Thursday, August 27 at an interdenominational thanksgiving service to mark the 29th anniversary of the creation of Delta state at the Cathedral Church of St. Peter (Anglican Communion), Bishops Court, Asaba. He acknowledged the benefits of a new state and said that Asaba and the entire state would have been less-developed than it is today if the state had not been created. 5 years after, Nigerians speak about Buhari's administration | Legit TV Source: Legit.ng - Governor Ifeanyi Okowa has inaugurated the Delta state economic council - The governor urged the council to come up with solutions to help the state's economy - Governor Okowa also lamented over the fragility of the Nigerian economy PAY ATTENTION: PAY ATTENTION: Legit.ng