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Published On: Thu, Feb 20th, 2014

Don’t write off Nigeria yet– Ex–NIM President appeals to Nigerians

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By Patrick Andrew

Former President of Nigerian Institute of Management (NIM), Dr. Lugard Aimiuwu has urged Nigerians not to write-off their country just because of the current socio-political cum economic challenges facing the system.

Dr. Aimiuwu, who expressed the confidence that Nigeria have the human and financial wherewithal to wriggle out of its economic and political challenges, said this yesterday in the Institute’s position paper at a one-day public hearing of the Senate Committee on Banking, Insurance and other Financial Institutions, on the Asset Management Corporation (AMCON) of Nigeria Act, 2010 (Amendment) Bill, 2014.

“Don’t write off Nigeria yet. We may be late starters, but many great things are still very possible. We may not be a country of angels, but there are still many things that can be done write”, he stressed.

Reacting to a perceived general pessimistic attitude of Nigerians towards the ability of leadership in the country to transform the decadent economy, the former president said Nigerians have proven severally in sundry walks of life that they have whjat it takes to manage their affairs successfully.

Nonetheless, the former NIM boss blamed the current difficulties on the failure of leaders whom he accused of failing to provide the enabling managerial platforms to drive the various indices of development to realize the desired results in the polity.

“The average day is full of unwelcome surprises- failed projects, lost business, unrealized targets, ‘under-performance’, ‘under-achievement, ‘under-delivery’,—The Government is always handy as convenient whipping boy, to vent all our spleen on.

“However, more often than not, notwithstanding the proverbial track record of public sector inefficiency, the fault is with us, and within us, and ‘not with the gods’. The simple answer to all the questions raised above is management failure, in all ramifications. It takes management to define potential, to transform potential to performance, and to shape and drive performance for results, without littering the route with corpses”.

As one of the steps towards revolutionizing the financial sector, Aimiuwu said that the NIM was in full support of the amendment bill and commended the Senators for coming up with the legislation.

The proposed AMCON Act, 2014 is seeking to review sections 2, 16(5), 34(1), 35, 46(2), 48, 60, 61 and 62 of the AMCON Act, 2910 in order to clarify and remove certain contradictions in the current Act that inhibit and impede the operations of the Corporation in carrying out its statutory functions, and to further strengthen AMCON to be able to efficiently carry out its statutory responsibilities in order to make sure that the Federal Government guarantee does not crystalize thereby putting taxpayers money at risk.


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