Nigerians Should Change Their Consumption Pattern – Oshiomhole

 Economic Recession, Nigerians, Change, Consumption Pattern, OshiomoleAs part of the measures to get out of the current economic recession, Governor of Edo state, Adams Oshiomhole says, Nigerians may have to change their consumption pattern.

Mr Adams Oshiomhole who is of the opinion that the current difficulties the country is facing is self-inflicted, says the only way to address this challenge is the adoption of policies that will enhance local production and reduce pressure on the nation’s reserves.

He said this while on Channels Television breakfast programme, Sunrise Daily.

He also expressed that Nigerians cannot expect change within a short time, when there has been a back log of problems long before the current administration.

“There has to be a time lapse between when you formulate policies on the basis of what you found on ground, and when the benefits of those policies begin to manifest, If it takes 60 years to get to this terrible state we are in, why would anybody think that under 15 months of a new government, we will fix it?”, he added.

The Governor addressing Nigerians, said we must all identify the issues in the system, as everyone had contributed to the current state of rural poverty.

He said “the nation’s consumption pattern has been so distorted by the few who have access to stolen money” such that everywhere you go in the country, we have imported foods.

He reiterates what the government has said that “Nigerians would have to go through a re-orientation, such that we don’t learn to perfect the act of consuming what we don’t produce, particularly those things that we can actually produce”

Oshiomhole further stated that the whole essence of moving the economy from state involvement, towards private sector involvement is so that the private sector could be structured in such a way that they do not have to import all the things they currently do.

According to him, If we are going to move from being a nation that consumes what it doesn’t produce, but is capable of producing, then the government must redirect investors properly to the agriculture sector.

Nigeria In Recession: Government To Motivate Private Sector Investment

Sam Ohuabunwa , Nigeria, Recession, Private Sector, Investment In the bid to proffer solutions to the ongoing recession in Nigeria, Industrialist, Sam Ohuabunwa says the government should motivate private sector investment.

He gave this suggestion while speaking on the Channels Television breakfast program, Sunrise.

Mr  Sam said in order for the economy to be boosted very fast, the government needs to stimulate production. And to be able to do that, the government’s spending has to be supported by that of the private sector.

He said this in response to the reports by the National Bureau of Statistics, that Nigeria’s Gross Domestic Product (GDP) has contracted by 2.06%.

He also stated that the government should focus on investment as though the life of the nation depends on it. He furthermore suggested that the government should effectively show support to anyone who exhibits productivity.

Government Sector Not Enough To Sustain Economy

Mr Ohuabunwa stressed the need for the government to create an enabling environment for the private sector, as the economy cannot thrive solely on efforts of the Public Sector.

According to him, “Government has to take a definite position as to how to motivate private sector investment, while spending the public sector funds.

“The moment people are doing something that would be productive and linked to wealth creation, let us give them the support.

“A lot of Funding opportunities are being provided by the Central Bank of Nigeria (CBN), Federal Ministry of Agriculture, but the problem is, in implementation, we fall short,” he added.

He further said that there should be a focus on manufacturing and agriculture; and urged individuals as well as the government to do whatever they could, to add value as well as to get the commercial aspect of agriculture activated.

We Will Shut Down Unregistered Management DeveIopement Institutions – CMD

cmdThe Centre for Management Development CMD had said it would soon clamp down on management development institutions and consultants who have not registered with the government.

Director General of the Centre, Mr Kabir Kabo Usman told journalist in Abuja that only 48 registered institutions and 200 management development consultants across the country are qualified to build man power capacity for Nigeria’s public and private sector.

Mr Usman also said that the centre would soon embark on a nationwide tour of Management Development Institutions MDI and consultants with a view to giving further accreditation to qualified institutions and individual, while flushing out quacks from the market.

The CMD is a government parastatal under the Ministry of National  Planning, created to provide managerial and technical capacity and training for Civil Servants since 1973.

He added that in line with the government’s decision to restrict oversea training for civil servants, the centre would strengthen indigenous management training institutions and consultants as well as flushing out impostors from the market.

Following this, there is however mixed feelings among technical and management development experts on the decision of the government to restrict oversea training for staff.

The Federal Government spends about 16 million dollars each year for oversea training of staff.


Lawyer Describes Public Sector Reform “Cosmetic”

A legal prpractitioner and  a member of the Crusade For Justice, Richard Nwankwo has tagged the reform taking place to sanitise the public sector as “cosmetic”.

He said “corruption as we know in Nigeria has grown over time and justice is yet to prevail. The approaches that can solve these problems have to be comprehensive, wholehearted and there must be a display of political will”.

Nwankwo, who spoke as a contributor on Channels Television’s flagship breakfast programme, Sunrise Daily, on Tuesday, advocated for the creation of an enabling environment for battling corruption.

He added that the major way of dealing with the problem is identifying where to start from, saying “where do you start? You start from the leadership. If the leadership is clean, you see people falling in line.” He noteded that Nigerians are selective in addressing issues therefore constructive criticism is needed.

He therefore called on all Nigerians to come together to address the issues of corruption in the public sector.

Public Sector Has Not Met Expectations Of Nigerians – Adeola Soetan

A member from the Grassroots Watch, Mr. Adeola Soetan has stated that the public sector has not met the expectations of Nigerians.

Mr. Adeola Soetan gave his views on Channels Television’s breakfast show Sunrise Daily, saying ”you don’t expect performance when you don’t have good leadership with qualitative character’’.

Mr. Adeola pointed out that the public sector once performed well in Nigeria, during the old western region under the leadership of Chief Obafemi Awolowo when the resources of the region was used properly to achieve a common goal; free education, for example.

But now, he added, the public sector has been handled by politicians and their representatives, ”where we believe everything should be stolen”.

He made a distinction between the struggling elites and the ruling elites, describing the struggling elites as the ordinary people who steal gold and are taken to jail for 3 years while a another man steals trillions of naira and is given bail by the Economic and Financial Crimes Commission (EFCC).