Business & EconomyRevisit, pass PIB into law for effective management and...

Revisit, pass PIB into law for effective management and transformation of Nigeria economy – Don. By; Bayo Akamo, Ibadan.


Revisit, pass PIB into law for effective management and transformation of Nigeria economy – Don
By; Bayo Akamo, Ibadan.
The Dean, School of Engineering, Federal Polytechnic, Ilaro in Ogun State, Professor Sabit Olagoke has asked the National Assembly to revisit the Petroleum Industry Bill (PIB) and pass it into law to ensure effective management and transformation of the Nigeria economy.
Professor Adegoke made the call in his lecture titled “National transformation for sustainable development: a management challenge” at Nigerian Institute of Management (NIM) Zonal Distinguished lecture.
According to the Don, there is the need for both the executive and legislative arms of government in the country to prevent and control all leakages from the nation’s revenue processes, oil and non oil sources inclusive.
Professor Olagoke while stressing that “corruption and wastages in governance must be minimized or eradicated” added that “right attitude to work in place of slovenliness, and solvency and impunity is desired” .
Speaking further, he advocated a need to revisit and renew as appropriate, the 46 sectors and identify vital areas of weak lines most especially from the lower middle and bottom 14 for possible focus to increase the Gross Domestic Product (GDP) and government finances.
The Don maintained that the best of leadership was a transformational one which was expected to change the form, nature, condition and function of the personality, character and the system positively to a better productive end.
“In our own situation in Nigeria, managers, administrators and researchers need to beam their searchlights unto the following areas of our governance style. Need for reorientation on poor work attitude to a higher productive index, provision of basic amenities and maintenance culture of our infrastructure. There must be policy formulation and implementation to a people oriented one. Functional system of education, religion, academics and infrastructures” he said.
On the unemployment crisis in the country, he tasked the federal and state governments to wholistically address the high unemployment rate in the country, saying, “there is a need for paradigm shift from an era of impunity and peak of corruption.
“Other management challenges are that infrastructural rating of Nigeria is low among other countries. Government running is fraught with wasteful spending and too exorbitant for worthwhile provision of basic amenities – moderate work attitude. How do we retrieve the cartel and cabal loot and bring offenders to justice?”


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