Create and improve local market to reduce over crowding, UCCIMA Boss advises Otti
As Abians earnestly wait for the September 1, 2023 transition to Treasury Single Account conceived by the administration of Gov. Alex Otti, the Umuahia Chambers of Commerce, Industry, Mines and Agriculture (UCCIMA), has also urged the Governor to take prompt and positive steps, to reduce to the barest minimum the decline of many Abia residents and citizens below the poverty line.
Gov. Alex Otti of Abia State had on Thursday took to his official Twitter handle @alexottifr to announced that the state will transition to a Treasury Single Account (TSA) system starting from September 1, 2023 to engender transparency and accountability in the financial management of the state.
Otti, said the move will centralise all state revenue and payments.
The UCCIMA President, Chief Chidi Nkem Aruoma who interacted with our correspondent through WhatsApp chat decried that the purchasing power of many Small business owners, Civil/Public servants have reduced drastically, owing to the subsidy removal.
Aruoma who suggested the Governor to roll out palliatives to cushion the effect, advised him to reduce touts on the streets of Abia, create and improve local market to reduce over crowding the cities.
Chief Nkem Aruoma, UCCIMA President
Aruoma, who decried that the removal of fuel subsidies is not only exacerbating the situation, but may push most citizens and residents into poverty level, also advocated for more business friendly environment for Organised Private Sector (OPS) to boost the growth and development of the economy.