Nigeria has failed to bring home the bacon high-quality economic growth because the country’s economy is managed totally on an ad hoc, reactive basis. It is a “survival” economy during which sequence administration haven’t been able to strategically execute its economic vision/ programmers/policies with success.
A former Chief Whip within the House of Representatives, Hon. Samson Raphael Osagie made the assertion at 2019 National conference of the public Administration and Management Development Institute, PAMDI, held in Nigerian capital on Thursday.
According to Osagie, “In 2016, the country went into recession on account of a dive in world oil costs and also the huge pillage that the country’s economy suffered antecedent. However, rate of growth after economic recovery has been slow and most impactful. The results have been harsh economic realities for the people
“To build a sustainable economic future, Federal Republic of Nigeria must currently address the aching want for a transparent economic vision, set in an exceedingly philosophical framework from which policy ought to be derived. Maybe the Economic Recovery and Growth set up undertaken by this administration needs a SWOT analysis to measure its overall impact.”
Osagie in his keynote speech titled “PUBLIC ADMINISTRATION AND NEXT LEVEL GOVERNANCE: CHALLENGES OF INSECURITY, THE ECONOMY AND INSTITUTIONAL BUILDING” said the wealth of countries invariably has philosophical foundations, adding “It is these elementary understanding and the way we apply them, instead of managing our economy with no explicit lodestar or compass that produces the distinction between growth and stagnation.
“A National economic vision that’s clear and direct is very important as a result of it sets out a national ambition to remodel the economic structure and therefore the lives of voters against the canvass of each the medium and future destination.
“It matters because, if communicated effectively, a national economic vision can impress voters to work towards a shared goal that builds national cohesion and wealth. A national economic vision anchored in an exceedingly discernible economic philosophy makes policies derived from it more sturdy by imbuing such policies with internal consistency. And clarity of vision also matters because completely different and competitor economic visions exist and have delivered prosperity to different components of the planet.”
He aforementioned the matter of insecurity in Nigeria is perhaps the most modern and debilitating to the health of the nation and its people.
“Over a decade, Nigeria has been visage with immense security challenges in the type of act of terrorism, the results of which is obvious publicly and personal sectors and industries, reduction in FDI and foreign partnership, increase in impoverishment and migration. The challenges of insecurity in Nigeria are a significant occurrence for the effective governance and administration of the country,” he said.
He said despite numerous economic coming up with policies by completely different administrations within the country which were worthy efforts, they lacked a foundational worldview and any grand, unifying vision.
“Moreover, the “visions” weren’t embedded in the structures of governance and were not executed with consistency and discipline, with targets and milestones measured perpetually against implementation. Their implementations were pertinacious by large corruption and economic sabotage. No nation grows beneath such circumstances.
“The basic enigma is that of obtaining right the balance between the role of the state and also the market in the quest after sustainable economic process and development.
“The challenge Nigeria faces is that a biological process state needs terribly robust leadership vision, political will, and a deep bent of intellectual and technocratic competency in economic management. This can be what Nigeria and Nigerians must perpetually search if we must get out of the woods,” he noted.
Osagie said it had been eloquently clear that corruption impedes economic development and that it was a significant obstacle constrictive the method of amendment presently happening in Nigeria. “Institutions are vital to the macroeconomic performance of a nation. The dearth of well-designed rules and effective establishments like a freelance judiciary, a law enforcement agency definitely worth the name and capable of implementing compliance and maintain law and order or knowledgeable government officials to implement policies of government in Nigeria has resulted in interest teams capturing the government simply and victimization governmental establishments for his or her own profit at the expense of the society.”
He said Public Administration and governance are the lifeblood of each form of government and consequently the public has both undergone a spiral of changes in this age of globalization.
Speaking earlier the Director General of PAMDI, Dr. Elijah Ogbuokiri aforementioned the institute has been operating to actualize its objective through the method of support in awaking the consciousness of Nigerian on the vital and need for sound observe of public administration as a vehicle of guaranteeing smart governance and good leadership.
Ogbuokiri aforementioned that they conjointly wish to vary the impression of the youths regarding public administration within the country to checkmate the previous order through the organization of seminar and workshops to bridge the information gap.
The DG said a bill to convey the Institute a chartered status has been sent to the National Assembly to be passed into law, hoping once this can be done, the framework for its foundation would have been completed.
He aforementioned the resolution which will be reached at the tip of the conference will be sent to applicable authorities for his or her use.
Adeyemi Okediran
