News

October 20, 2012

Why Nigeria’s economy is stunted – Daniel

IMMEDIATE past governor of Ogun State, Otunba Gbenga Daniel, has identified wastages in the nation’s polity and poor economic management as some of the problems hindering the economic growth of the country.

Daniel also declared that accountants too have their own share of the blame because most of them have failed to give proper advice that could make the economic grow.

The former governor spoke on Friday night in Abuja where he was bestowed with the highest award of the Fellow by the Chartered Institute of Economists at its 2012 Dinner Award of Fellow Night.

Daniel described the institute as the hope of the nation since others have failed. The former governor was inducted along with Prof Ajagbe Toriola of the Lead University, Ibadan and Otunba Obey Akinlaja of the Nigeria Agip Oil Company, Ogun State.

The former governor’s words, “When I was informed that I’ve been invited to chair the occasion, I couldn’t understand why because I’m not an economist, a serving governor or holding any current public position. I must say that I’m very humbled by this gesture from this institute.

”The bane of our challenge as a nation, despite 52 years of our independence, is because our economy hasn’t been properly managed.

”As governor for eight years, I saw wastages  in government circles. I have no doubt in my mind that until professional economists are giving their pride of place, the country will not move forward. The question is why then do we not have professional economists in key government circles?, he asked.

He added, “I have always said that until we economically manage our resources, the resources will never go round”.