ABUJA – ,The Vice Chancellor, Veritas University, Prof. Michael Kwanashie, said efficiency in governance was key to the nation’s macro-economic instability occasioned by dwindling revenue.
Kwanashie said this in Abuja on Friday in a paper he presented at the North-Central Summit of the Nigerian Institute of Management (NIM).
The paper was entitled: The Challenge of Professional Managers in Implementing Nigeria’s Transformation Agenda.
He said Federal Government’s austerity measures in the face of sliding oil price should focus on efficiency in resource management.
The don said there was need for government to reduce its excessive spending on luxuries that do not add value to the nation’s economic development.
“It is unfortunate that while government was enjoying the euphoria of the result of the re-based GDP, the poor were getting poorer due to non-inclusiveness in the growth.’’
Kwanashie urged professional managers to be driven by moral and ethical standards to ensure the realisation of the transformation agenda of the government.
“If we are not driven by our own moral and ethical values, the transformation agenda will be a mirage.
“You are all professional managers and you are all responsible for the fate of this country because there are good policies but implementation has been poor.
“The ideological context of management has created a very serious challenge to Nigerian people and that difficulty arises out of choices made by professional managers and leaders”, he said.
The President of NIM, Dr Nelson Uwaga, said the effect of the drop in oil price at the international market could be surmounted through prudent management of resources.
Uwaga said the devaluation of naira as one of the measures adopted by the government to strengthen the economy would have negative impact on the citizenry.
He said government should look inward and review some of the policies such as waivers, which he said impeded revenue generation.
“Devaluing the naira will create a lot of hardships but it is a necessary evil that we have to bear but government must protect the masses”, he said.
He said that NIM members have a role to play in stabilising the economy by imbibing the value of accountability. (NAN)
- Latest
- Trending
