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Sustainable development: U.S, Gowon, Tinubu, others advocate strong institutions

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Eminent personalities, notable politicians and scholars on Saturday agreed on the need for Nigeria to move away from building strong individuals to building strong institutions as a means of achieving sustainable national development.

The personalities who spoke at the maiden Abiola Ajimobi Roundtable organized as part of the activities marking the 69th birthday of the Oyo State Governor, Senator Abiola Ajimobi in Ibadan, included a former Head of State, Gen. Yakubu Gowon (rtd.), National Leader of the All Progressives Congress (APC), Senator Bola Ahmed Tinubu, the United States Ambassador to Nigeria, Mr. Stuart Symington and wife of the governor, Dr (Mrs) Florence Ajimobi.

Others were former Interim National Chairman of APC, Chief Bisi Akande, former Governor of Osun State, Mr. Rauf Aregbesola, Senator Majority Leader, Senator Ahmed Lawan, the Alaafin of Oyo, Oba Lamidi Olayiwola Adeyemi III, the Ooni of Ife, Oba Enitan Adeyeye Ogunwusi and an industrialist, Chief Kola Daisi.

Speaking on the theme: “The Imperatives of Building Institutions for Lasting Legacies”, they all affirmed that while strong individuals were necessary for visionary leadership, it was only strong institutions that could enhance proactive leadership, good governance, effectiveness of the rule of law and inclusiveness of the citizenry.

Touching on the theme of the discourse, Gowon identified the civil service as one of the key institutions that any government must strengthen, noting that “protecting the integrity, confidentiality and impartiality of civil servants would enable them give political leaders the right advices.

For Tinubu, while institutions are important, a leader cannot be deemed to have succeeded, no matter how much he has achieved infrastructural renewal and other areas of development until he developed people who could succeed him and nurture the institution that he had built.

He said: “We have seen infrastructural renewal across the state; we have seen demolitions, emotions, expressions, reforms of traditional institutions. You have proved that you don’t lack courage but you can be successful as a leader not only in terms of bricks and mortals but how many other leaders you have developed who can succeed you and build on your legacies; otherwise, as you leave, the empire crumbles; the institutions you have built will go into ruins.”

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Tinubu declared Ajimobi as a leader who demonstrated the rare combination of thinking and doing, adding that he had exhibited the quality of a good leader who had the courage of not only taking actions but being ready to face the consequences of his actions.

While agreeing on the need to build strong institutions, Akande however warned against what he called the growing institution of bullies who, he said, derived satisfaction in benefitting from the public purse without providing the commensurate value.

He noted “regardless of your profession, if you take money for the job you have not done, you are a third. In other countries, when people go on strike, they do not take salary for the period. All you leaders who allow people to steal from public purse should henceforth watch it.

In his own submission, Aregbesola recalled that one of the reasons why a former US President, Barack Obama shunned Nigeria and chose to visit Ghana during his visit to Africa was due to the lack of will by our leaders at the time to support the growth of institutions.

“During that visit, Obama observed that African leaders should look at building institutions and not individuals. And for me also, even though we need strong, thoughtful, resilient, idealistic and iconic people to look up to as pace setters, but Africa can only be great if we shift our focus to building institutions which will outlive these individuals,” he said.

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The US ambassador, who address the gathering the gathering via an amplified telephone call from Abuja, said it was time for the people of Oyo State, Nigeria, development partners and business associates to shift attention from sustainable development to profitable development because without profit, development cannot be sustained.

He further noted that oil and land were not the important asset of the country but the people of Nigeria themselves, adding that “how the people of Nigeria, working together to transform and strengthen institutions from inside out is the only way for creating trust that will ensure development, trust for people to take their hard earned capital and their very lives and invest in the country because they will be welcomed and well treated”

According to the envoy, institutions don’t have memories and reputations, it is the leaders that drive them.

In his own submission, the Senate Leader said strong institutions were created and nurtured by strong men; leaders of vision and integrity who were focused, noting that after Tinubu had created strong institutions in Lagos State, he made sure that strong and competent leaders succeeded him to make the institutions sustainable.

“We also have such a leader in Governor Ajimobi. He came with a vision; he had courage and competence; he believes in probity and that is why Oyo State has had a smooth primary; the governor is more interested in people who can sustain his institutional reforms and other legacies and not in his own personal preferences,” he said.

Speaking about the governor, Oba Adeyemi noted “Ajimobi is the 20th governor that I have worked with. I have worked intimately as a son and as governor. If you are brilliant, truthful and hardworking, he will work with you. He runs an inclusive government but you can only get something from him if you key into his vision of RTR, meaning reformation, transformation and repositioning”.

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During the panel discussion that was moderated by Prof. I. A. Adeyemi, the discussants including Prof. Tunji Olaopa, a retired federal permanent secretary and a Senior Advocate of Nigeria, Prof. (Mrs.) Oluyemisi Bamgbose, also harped on the need for building institutions that would ensure sustainable development.

While expressing gratitude to the guests, Governor Ajimobi noted that “all developments are sustained by visions, intellectualism, principle and the courage we need to implement what we have envisoned; we started this roundtable because we believe no social or physical development can be achieved without intellectual and human capital development.

The governor added “no leader is successful until he has chosen a worthy successor; all actions that I have taken were guided by God and the determination to make a difference. When we came, we saw broken bricks but we are leaving Oyo State with marbles.”

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Senate Approves Tinubu’s $500m Loan for Power Sector Boost

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The Nigerian Senate has approved President Bola Tinubu’s $500 million loan request intended to bolster the operations of the Bureau of Public Enterprises (BPE) to enhance the financial and technical performance of electricity distribution companies, ultimately benefiting citizens.

The endorsement, announced on Tuesday, follows a thorough examination of the report presented by Senator Aliyu Wamakko, who heads the Senate Committee on Local and Foreign Debts overseeing the 2022 – 2024 External Borrowing (Rolling) Plan specifically for the Bureau of Public Enterprises (BPE).

During the presentation of the report, Senator Haruna Manu, serving as the Vice Chairman of the Committee, emphasised the importance for the Senate to duly receive and deliberate upon the report of the Committee on Local and Foreign Debts concerning the 2022 – 2024 External Borrowing (Rolling) Plan for the Bureau of Public Enterprises (BPE).

The $500 million loan constitutes a portion of the $7.94 billion loan originally requested by President Bola Tinubu on November 1st, 2023, within the framework of the 2022-2024 external borrowing plan. In addition to the $500 million, President Tinubu also sought approval for a €100 million loan.

However, during a special plenary session on December 30, the Senate greenlit the borrowing of $7.4 billion after careful consideration of the report furnished by the Committee on Local and Foreign Debt.

ALSO READ  Minority leader, Ojo replaces late speaker in Oyo Assembly

 

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Melinda Gates Resigns from Gates Foundation, Set to Receive $12.5 Billion

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In this file photo taken on September 26, 2018, Bill Gates and his ex-wife, Melinda Gates, introduce the goalkeepers event at the Lincoln Center in New York. Ludovic MARIN / AFP

Melinda French Gates announced Monday she was leaving the philanthropy mega foundation she established with her ex-husband, Microsoft co-founder Bill Gates.

The resignation, which becomes effective on June 7, will leave Bill Gates as the sole chair of one of the world’s most influential and powerful non-governmental organizations.

“After careful thought and reflection, I have decided to resign from my role as co-chair of the Bill & Melinda Gates Foundation,” Melinda French Gates wrote in a statement posted on social media.

The statement gave no reason for her departure, but noted that “under the terms of my agreement with Bill, in leaving the foundation, I will have an additional $12.5 billion to commit to my work on behalf of women and families.”

The couple married in 1994 but announced their divorce in 2021.

They had continued to co-chair the foundation which they established in 2001 with the vast wealth acquired through the success of Microsoft.

With a focus on child poverty and preventable diseases, the foundation has been heavily involved in fighting malaria and in providing toilets and sanitation in poorer parts of the world.

The foundation’s website says it has spent $53.8 billion since 2000, and claims the number of children around the world who die before their fifth birthday has halved in this time.

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Bill Gates thanked his ex-wife for her “critical contributions” to the organization.

“As a co-founder and co-chair Melinda has been instrumental in shaping our strategies and initiatives, significantly impacting global health and gender equality,” he said.

“I am sorry to see Melinda leave, but I am sure she will have a huge impact in her future philanthropic work.”

The organization’s chief executive, Mark Suzman, said its name would change to simply the Gates Foundation — it has been known as The Bill & Melinda Gates Foundation.

“I truly admire Melinda, and the critical role she has played in starting the foundation and in setting our values, she has played an essential role in all that we’ve accomplished over the past 24 years,” he said in a video posted to social media.

“I will miss working with her and learning from her. I look forward to seeing her continued impact.”

 

 

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EFCC calls on banks’ compliance officers to uphold confidentiality

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The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukoyede, has urged Compliance Officers of Banks nationwide to refrain from unauthorised disclosure of EFCC’s investigative activities and requests made to banks’ customers.

Speaking through the Acting Zonal Director of the Ibadan Zonal Command of the EFCC, ACE I Hauwa Garba Ringim, during a stakeholders’ meeting with Compliance Officers of Banks in Oyo State on Tuesday, Olukoyede emphasised the detrimental impact such disclosures have on the investigation of financial crimes and the timely filing of corruption cases in court.

Olukoyede expressed concern over the tacit support fraudsters receive from the Nigerian banking sector, highlighting the challenges it poses to the Commission.

He urged Compliance Officers to promptly respond to EFCC’s correspondence with certified true copies of relevant documents, as this facilitates swift investigation processes.

Also, Olukoyede addressed the illegal trading of naira with Point-of-sale (POS) operators, stressing the need to curtail such practices for the benefit of Nigerians.

In response to the chairman’s directives, Compliance Officers assured the EFCC of their unwavering support and commitment to enhancing collaboration between the Commission and banks for more effective anti-corruption efforts.

 

ALSO READ  Minority leader, Ojo replaces late speaker in Oyo Assembly
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