Southwest Governors Focus on Fiscal Federalism in Minimum Wage Talks
At a recent meeting, Southwest governors addressed several key issues impacting their region. Governor Babajide Sanwo-Olu of Lagos emerged as the new chairman of the forum, taking over from the late Arakunrin Oluwarotimi Akeredolu.
The governors expressed their support for the ongoing minimum wage negotiations between the federal government and labor unions. However, they emphasized their desire for an outcome that reflects “fiscal federalism.” This implies that minimum wage adjustments should consider the varying financial capabilities of individual states.
On security, the governors commended the current peace in the region but reiterated their call for the establishment of state police forces. They believe this will strengthen law enforcement by allowing states to tailor their police presence to specific needs. Collaboration between existing agencies and the regional Amotekun security outfit was also highlighted as crucial.
Economic development was another key focus. The governors expressed gratitude for the federal government’s Lagos-Calabar Coastal Road project and urged further road improvements across the region. Additionally, they pledged to bolster the effectiveness of the Development Agenda for Western Nigeria (DAWN) Commission, prioritizing economic integration among the Southwest states.
The governors concluded by commending President Muhammadu Buhari for his focus on mineral resources and urged increased collaboration with states when granting mining leases to investors. These collaborative efforts aim to propel the Southwest towards a prosperous and secure future.
