Cloudy Weather Report Ramallah, Palestine +4°C, Cloudy
Home | News |

Strong public sector essential for economic recovery – Dons




Etim Ekpimah, Uyo

Economists and social scientists from the University of Uyo, University of Calabar, and the University of Port Harcourt, have said that public enterprises are crucial to the economic development of the country.

Noting that Nigeria had not made significant economic progress since 1985, the Director of the Claude Ake School of Government at the University of Port Harcourt, Prof., Eme Enekwe, said that many public enterprises were shut down because they were structured in such a way that the enterprises had to rely on raw materials imported into the country.

Enekwe said the World Bank and the International Monetary Fund were geared towards ensuring that public sectors in developing countries do not play active roles in their economies.

He said, “I urge us to look at the Petroleum Industry Governance Bill, which has just been passed. One of the elements of that bill is the return of the oil industry into private hands. There is a concerted international struggle, led by the likes of the World Bank, the International Monetary Fund to make sure that public sectors in developing countries do not play active roles.”

Also, speaking on the Anthony Ani Professorial Chair on Public Finance on Monday, a professor of Economy and the Dean of the Faculty of Social Sciences, University of Calabar, Ndem Ayara, said that content and discontent were the issues that militated against the public enterprises in the country.

He said that Nigerians, instead of seeing the public sector as the umpire to provide an enabling environment for the private sector, would rather consider them as cake bakers.

 Also, stressing that with this notion, government stole the country’s resources through the budget, he said, “What is currently wrong with the Nigerian public sector? The public sector is gradually evolving from the periods that we were looking at it as an umpire, where they were to provide an enabling environment for the private sector to thrive.

“People are increasingly beginning to look at them as cake bakers. They are saying that they want government to do this or that. In the process of trying to do that through the budget, government steals the resources. In the end, we don’t get what we are looking for.”

However, Ayara advised against increasing the number of public enterprises, saying that it would amount to producing more thieves in the country

He said, “If we continue to argue from the dimension of size, whether the size is based on structure or on the number of persons in the public sector, because of the nature of our economy where we are dependent on the extraction of natural resources that we don’t really work for, people will see easy money and they will steal it and make the private sector very hanky and somehow paralysed.”

Prof. Christopher Ekong of the Department of Economic Development, University of Uyo; and Dr. Aniekan Brown of the Students Affairs, spoke variously on the social aspects of the public sector.

Ekong linked the corruption in public enterprises to how Nigeria was formed without consultation. He added that the development translated into other Nigerians going to Lagos as the country’s capital to steal and return home, among others.

Copyright PUNCH.
All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.

Contact: [email protected]

(Visited 4 times, 4 visits today)

Tags

No tags for this article
Disclaimer: Opinions expressed here are those of the writers and do not reflect those of nigerianewsgrio.com. nigerianewsgrio.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority.
Loading...




Related Articles

UN General Assembly: Buhari scheduled to address world leaders

UN Secretary-General Antonio Guterres says the world needs commitment to rules-based order as against the prevailing force-based order.Guterres said this in his opening address to

Two held for flying drone over Osoba’s Abeokuta home

Samuel Awoyinfa, Abeokuta Two suspects were said to have been arrested on Tuesday for flying a drone over the house of a former governor of Ogun

Do the needful or we go on strike, ASUU threatens FG

The Academic Staff Union of Universities says it will not back down in its efforts to sanitise the university system in the country, especially in

Most Watched Videos

View all posts

Best Response Ever to the Age-old Question - "What Will You Do If Your Partner Denies Paternity?"

Best Response Ever to the Age-old Question - "What Will You Do If Your Partner Denies Paternity?" Watch and share ...after you laugh!

Nigeria vs Zambia 1-0 - (Video)

Watch the football match between Nigeria vs Zambia 1-0, shows  Extended Highlights from the 2018 World Cup Qualifiers on 7 October 2017

We Must Marry - (Video)

This video is pretty hilarious. Watch and laugh, then leave a review below.

What Type of Man Are You? (Must Watch Video)

This video describes in vivid terms, the types of men that exist.  Watch and review below.

The Marriage Test Bucket - (Video)

Watch this hilarious spoof:  The Marriage Scanning Bucket.  Please leave a review below.




Most Read News

View all posts

Comedian Bovi buys his beautiful wife a black Benz for her birthday (video)

- Nigerian comedian Bovi Ugboma buys a Benz for his wife- The comedian bought his wife the Benz to celebrate her on her birthday- Kris

Breaking: Hundreds of PDP supporters storm INEC headquarters in protest against inconclusive election

Reports say hundreds of the supporters of the Peoples Democratic Party have stormed the headquarters of the Independent National Electoral Commission (INEC) to protest against

Caption this photo of president Buhari and Rotimi Amaechi

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Plane carrying Lamido, Sani delayed for 1 hour before landing in Abuja airport

Control tower said Air Force was rehearsing for Oct—Source Passenger were never in danger—NAMA By Lawani Mikairu Sixty passengers aboard Azman Air plane en route Abuja yesterday, were

Wike, Abe in alliance to defame me – Amaechi

By Anthony Ogbonna Minister of Transportation and Director-General of President Muhammadu Buhari 2019 Campaign Organisation, Rt. Hon. Chibuike Rotimi Amaechi has accused the governor of Rivers

People, real assets in oil, gas industry – AOGS

People have been described as the real assets in the oil and gas industry, required to enable organisations and nations achieve their goals. In an email

Most Watched Movies

cron