Fidelity bank banner UBA banner
Okowa links infrastructure decay, weak public institutions, others to governance deficit

By News Express on 16/09/2017

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 594


Delta State Governor, Senator Dr. Ifeanyi Okowa has traced infrastructure decay, weak public institutions, healthcare institutions, among others to a governance in deficit.

Delivering a lecture titled “Good Governance for Wealth Creation and Sustainable Development: Experience  and Lessons” at the 2017 edition of University of Ibadan Alumni Lecture, organised at the University of Ibadan Alumni Association at the university on Thursday, Okowa also proffered solutions to the challenges.

According to him, “the lamentable state of our socio-economic development evidenced by corruption in all facets of our national life, weak public institutions, crumbling infrastructure, urban decay, loyalty to primordial interests, weak healthcare system, low literacy rate and widespread poverty is indicative of a governance deficit.”

"We must, therefore, ensure effective governance systems and institutions that are responsive to public needs, delivering essential services, promoting inclusive economic growth and political processes that ensure citizens can hold public officials to account,” the Governor said, emphasising that, “there is, of course, no ‘one-size-fits-all’ model of good governance but having inclusive political and economic institutions should be the primary consideration.”

While noting that “through the Annual Lecture series, the University of Ibadan has maintained its front runner status not just as the premier university but as a main driver of thought, ideas and policy reforms in the country,” Governor Okowa said, poverty sticks out like a sore thumb amidst reports of economic growth with more than 62 per cent of Nigeria living in absolute poverty.

He stated that as a way forward, “there should be focused and enduring policy options to generate employment and reduce poverty; and viable, strong, productive and profitable Micro, Small and Medium Scale Enterprises (MSMEs) as harbingers of economic growth and poverty reduction.”

He listed different federal government’s initiatives towards poverty reduction to include, Operation Feed the Nation (OFN) – 1976, National Poverty Eradication Programme (NAPEP) – 1999, Subsidy Reinvestment and Empowerment Programme (SURE-P) – 2012, among others, noting, “more significant is the various initiatives to stimulate and promote Micro, Small and Medium Scale Enterprises (MSMEs) because, the MSMEs are engines of cost-effective employment generation, social inclusion, equitable development and self-reliant industrialisation using local raw materials. MSMEs also enhance value chain development while facilitating the growth of non-oil exports.”

Okowa lauded programmes initiated to strengthen MSMEs, like the National Financial Inclusion Strategy, the Micro, Small and Medium Enterprises Development Fund (MSMEDF), the Real Sector Support Fund (RSSF), Youth Enterprise Development Programme and Commercial Agricultural Credit Scheme (CACS); and the Anchor Borrowers Programme (ABP) which was introduced to provide “farm inputs in kind and cash (for farm labour) to small holder farmers to boost production of these commodities, stabilise inputs supply to agro processors and address the country’s negative balance of payments on food.

“It is fair to say that these initiatives have helped to boost macroeconomic growth and aid financial inclusion, and the success recorded so far can, at best, be termed modest against the background of persistent income inequality, rising unemployment and unabated poverty. It is obvious that poverty cannot be reduced or eradicated in Nigeria unless the present high level of unemployment/ underemployment is successfully tackled and we find a way of making MSMEs as productive and profitable as they are in other parts of the world including the advanced countries,” said, advising, “going forward, it is incumbent on current policy formulators, political leaders and decision makers in government to avoid the pitfalls of previous intervention programmes; it is a fallacy to keep doing the same thing and expect a different result,” he said.

The Vice Chancellor of the university, Prof. Abel Olayinka had commended the UIAA for attracting alumnus of the University of Ibadan who has made marks in their chosen fields to deliver the annual lecture while the National President of the Association, Dr Kemi Emina, disclosed that Governor Okowa was chosen to deliver the lecture based on his antecedents in job creation, execution of people-oriented projects and his commitments to affordable healthcare delivery through the Contributory Health Insurwnce Scheme.

At the occasion, Okowa bagged “Distinguished Alumnus of the Year Award” of the Association.

Speaker of the Delta State House of Assembly, Rt. Hon. Sheriff Oborevwori elected representatives, political office holders, renowned politicians and academics attended the ceremony.

•Delta State Governor, Senaor Ifeani Okowa (middle); Chief Uso Onianwa (right) and Member, Board of trusees, U.I. Alumni Association of Nigeria, Pastor (Mrs.) Maureen Bakare.

Source News Express

Posted 16/09/2017 04:57:31 AM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

 

You may also like...
WAIFEM, Centre for Financial Journalism organise workshop on...

EFCC arraigns former Acting DG of NIMASA for...

Troops destroy Boko Haram’s hospital and administrative base...

Nigeria projected to earn $507m from hotels by...

Tsiga (co-mastermind of Nyanya bombing) still wanted, says...

APC dares Wike, PDP over Amaechi’s planned arrest...

World’s most wanted billionaire drug lord in police...

You must face trial for alleged N1.7bn theft,...

We are not recruiting workers —Customs •Suspends auction...

41 items still banned under Nigeria-China currency swap...

“MY OGA AT THE TOP an act of...

Ban Muslims from entering USA —Leading presidential aspirant...

 

Latest News BREAKING NEWS: Ex-Head of State Ernest Shonekan reported dead Senate rejects inclusion of South East reps in Security Council Buhari support group accuses three governors of sabotage University don commits suicide in Benue Army Chief announces Operation Crocodile Smile III, states objectives Outcry over alleged imposition of the son of Aisha Buhari’s aide as APC candidate Military gives militia December to vacate Benue, Taraba, Nasarawa 2019: Picking Peter Obi will not make Yorubas vote against Atiku — Ajulo Court grants SERAP leave to compel Fashola over ‘N900bn spent on power privatisation’ 2019: Anambra leaders, Ohanaeze assure Atiku of South East support Release of looters’ list didn’t violate rights: Court Kaduna crisis: 24 hours curfew relaxed in parts of metropolis

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (409,410 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (383,852 views) Shameless Genevieve Nnaji exposes breasts in public (316,273 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (260,121 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (238,638 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (225,063 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (205,018 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (186,459 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (171,328 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (166,473 views) Lagos plane crash: Journalist releases victims’ names (162,165 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (149,829 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (70) Business & Economy (3,708) Business Verdict (52) Columnists (949) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (561) Features (660) Global Business Monitor (305) International (2,568) Interview (165) Live Commentary (28) Love Matters (145) News (39,858) Opinion (1,127) Pidgin (13) Politics (7,372) Religion (885) Sports (1,740) Stock Watch (35) AMA & Al Jazeera Global Update

 

NLNG Prize for Literature 2018

Zenith Zero Balance

CBN banner

Firstmobile banner

 

 

 

NEWS EXPRESS TV

LIBYA vs NIGERIA 2-3 Goals Highlights

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement