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Nigerian economy in dysfunctional state — Makanjuola


The former Managing Director of Vitafoam, Mr. Bamidele Makanjuola, has blamed the “dysfunctional state of the Nigerian economy and the country in general” on the failure of the country’s leaders to do things the right way.

Nigeria-mapSpeaking at the investiture of Mr. Francis Meshioye, as the seventh Chairman of the Institute of Chartered Secretaries and Administrators of Nigeria, Lagos State Chapter, Makanjuola noted that inability of individuals at the various levels of leadership to do the right thing is mainly because of the fact that they are ill-advised.

He maintained that the dearth of good advisers has plunged the country into backwardness, making it impossible for leaders, both in the public and private sectors of the economy to make good decisions that will help improve the fortunes of the country.

To this end, he stated that members of ICSAN have a huge role to play to salvaging this situation and therefore, help in moving the country forward with their special skills set.

He called on members of the Institute to show commitment to the growth and development of the Nigerian economy and also to the Insitute.

The new Chairman, Francis Meshioye, promised to increase and strengthen the Chapter’s partnership with governments agencies, as well as corporate organisations, non-profit organisations and individuals in the country, especially in Lagos State, in the area of nation building and also to achieve its set goals.

He said during his tenure, it will strive to ensure that the Institute demand of its members high level of quality output in all their activities in other to help maintain its reputation.

He further stated that it will embark on community development projects, in line with its goals of imbibing the principles of corporate social responsibility, while also ensuring that it put up structure that will guarantee sustainability in all its activites.

He said, “A past president of of our Institute, in one of his speeches reminded us that the virtue of a chartered secretary and administrator must reflect what today is known as the principles of good corporate governance, namely; honesty, ethics, trust and integrity, openness, performance orientation, responsibility and accountability, mutual respect, commitment to the organisation and the boldness to speak the truth always. I must confess here that I share this same view with him.”

The immediate past Chairman of ICSAN, Lagos State Chapter, Mr. Adeyinka Hassan, commended the members for their support during his tenure, noting that the Chapter was able to recorde remarkable achievements due to the support it enjoyed.

According to him, the Institute was, during his tenure, able to establish an advisory and mentoring centre at its secretariat, for prospective students and aspiring chartered secretaries.

He further stated that the Institute was able to uphold cordial relationship with the national body and other state chapters, while its also establish a web and social presence for the chapter.


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