The Central Bank Governor Lamido Sanusi says culture of impunity, much more than corruption, has hampered Nigeria`s development and promoted poverty.
of impunity, much more than corruption, has hampered Nigeria`s
development and promoted poverty.
Tinubu Colloquium in Lagos on Thursday, said the unpreparedness of the country
to sanction corrupt persons had ensured the emasculation of the system.
Sanusi, who spoke at the 5 Bola
that corruption was a universal problem, but added that other countries were
able to attain development because they had adequate punitive structures in
the 61 birthday of Tinubu was “Beyond Mergers: A
National Movement for Change”.
The theme of the colloquium, organised to mark
him, corruption is a big issue in the country today as in other parts of the
world like Russia, China and others; but why are they eradicating poverty and
just corruption. It is the kind of failed interventions that are procured with
the proceeds of corruption.
“It is not
agree that corruption is bad. It has economic cost. You take a bribe and pay
subsidy to someone who hasn’t delivered the required goods. That is
corruption,” he added.
that in Nigeria people collected money for contracts and they wouldn’t fulfil
their own parts and nothing was done about it.
destroying this country is that people are corrupt and nothing is done about
it,” he said.
although the country had achieved certain macro-economic improvements, poverty
was still high because certain fundamentals such as infrastructure were not
still in place.
him as soon as those fundamentals are put in place Nigerians will begin to
benefit from this macro-economic stability.
younger generation of Nigerians to begin to position themselves for
leadership, saying the youths had a big role to play in the future
development of the country.
He urged the
the problem of pervasive insecurity in the country could be solved if the
Federal Government offered the olive branch to extremists in form of amnesty.
said since it was successfully used to douse tension in the Niger Delta,
it could also solve the Boko Haram issue if well implemented.
Babatunde Fashola of Lagos State also said it was time for the youths
to begin to initiate and pursue efforts geared at repositioning the
the destiny of Nigeria was in the hands of the youths, expressing the hope that
sooner than later the youths would dominate the leadership of the country.
see hope and the hope is perhaps born today. I believe that very soon youths
will take over the mantle of leadership in the country,” Fashola said.
Ibikunle Amosun (Ogun), Adams Oshiomhole (Edo) and Kayode Fayemi
(Ekiti), were among notable Nigerians that attended the colloquium.
eminent personalities were Sen. Sani Yerima, Chief Tom Ikimi and ACN National
leader, Chief Bisi Akande.