ADVERTISEMENT
  • The Membership Club
  • PT Hausa
  • About Us
  • Advert Rates
  • Careers
  • Contact Us
Friday, January 22, 2021
Premium Times Nigeria
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Parliament Watch
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Parliament Watch
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
Premium Times Nigeria
BUA Group Ad BUA Group Ad BUA Group Ad
ADVERTISEMENT
Unbridled corruption, impunity, poverty, bane of national development, says Babalola

Unbridled corruption, impunity, poverty, bane of national development, says Babalola

byBassey Udo
February 26, 2013
2 min read
ADVERTISEMENT

Former Finance Minister says corruption has to be tackled for national development goals to be achieved.

A former Minister of State for Finance, Remi Babalola, has challenged the Federal Government to confront, head-on, the unbridled corruption, lack of accountability, impunity and unemployment in the country if national development goals are to be achieved.

Mr. Babalola said this at the February edition of the’ Speaker Series Africa’ in Lagos. He said he remains optimistic about the country’s future outlook if these issues are addressed.

The former minister, who answered questions on the economy, politics, and his public service experience, said Nigeria needs to emulate other countries that found themselves in similar situations and took deliberate steps to turn around their circumstances.

“I am an incurable optimist on Nigeria,” Mr. Babalola said. “I believe the future of the country is bright. But then, it is all about choices we make as a nation in respect of leadership options and development strategies. If we make the right choices (I pray) the future is unbelievably great.

According to him, transforming from poverty to prosperity is reality closer than many people believe, pointing out that the formula for success could be found in China, India, Brazil and South Korea; with Malaysia and Indonesia as the closest references for comparative analysis with Nigeria.

In order to avoid bleak prospects in the country’s future, Mr. Babalola urged those entrusted with public finances to ensure that, as managers of the country’s economies, they pursue initiatives aimed at strengthening fiscal responsibility, due process in public procurement, and effective management of debts.

Mr. Babalola, who is also the Vice Chairman of Law Union and Rock Insurance Plc, advised leaders at all the three levels of government in the country to ensure that more resources are allocated for projects that would directly impact and touch the lives of the common man in the society.

The former minister, who said he had no regrets serving the country in the capacity he did, maintained that the opportunity to render service to his fatherland and humanity is the greatest privilege any citizen could get in life.

RelatedNews

VIDEO: How my three-year-old daughter was sexually molested in Akwa Ibom school – Mother

TB Joshua urges Nigerians to accept COVID-19 vaccine

EPL: Cavani, Pogba shoot Manchester United back to top spot

Herdsmen: Buhari unaware of security situation in Ondo – Akeredolu’s aide

On his political future, the former minister said he does not nurse any immediate political ambition in the near future, but added that he does “not know about the long term since they say ‘never say never”.

He said that the government must learn to encourage the brightest minds in governance and leadership if the country must move forward; pointing out that if these people are allowed to have their means of livelihood or sustainability and value system on solid ground, it would help them remain independent.

The monthly ‘Speaker Series Africa’ is a youth motivational programme that brings leading African business people to young professionals; to enable them learn from it and to serve as inspiration to others.

Dangote adbanner 728x90_2 (1)

Mr. Babalola was appointed Minister of State for Finance by late President Umaru Yar’Adua in July, 2007; a position he held until his resignation in September 2010.

  • WhatsApp
  • Tweet
  • Email
  • Print
  • Telegram
  • More
  • Share on Tumblr
  • Pocket

Support PREMIUM TIMES' journalism of integrity and credibility

Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.

For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.

By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.

Donate


TEXT AD: To advertise here . Call Willie +2347088095401...


JOIN THE CONVERSATION

  • Disqus (0)
premiumtimes



PT Mag Campaign AD

Previous Post

Guests protest as Obaigbena fixes American anthem before Nigeria’s at THISDAY awards

Next Post

NANS seeks removal of Army chief over killing of four Nassarawa Students

Bassey Udo

Bassey Udo

Bassey Udo is PREMIUM TIMES' Business & Economy Editor. He has covered finance, energy, oil, gas & extractive industries for over a decade. He is a winner of the Wole Soyinka Award for Investigative Journalism, and the Thomson Reuters Foundation (Wealth of Nations) Award for Business Reporting. Bassey is an alumnus of the U.S. International Visitors Leadership Programme. Twitter: @ba_udo

More News

Bauchi State, Bala Mohammed [PHOTO CREDIT: @SenBalaMohammed]

Bauchi Govt signs N30.9bn MoU for power generation

January 22, 2021
Nigerian govt amends charges in $245 million fraud suit against Total, Chevron

Chevron denies responsibility as oil spill is reported in Bayelsa

January 22, 2021
crude-oil-pipe

Nigeria’s Qua Iboe crude exports set to resume after fire — Report

January 22, 2021
Central bank of Nigeria (CBN)

CBN vow sanctions against IMTOs still paying remittances in naira

January 22, 2021
Lafarge

Lafarge Africa set to offload 35% stake in loss-making Ghana cement firm

January 22, 2021
Naira-Dollar

Naira rises against dollar at official market

January 22, 2021
Next Post
Soldiers killed four university students in Nassarawa- Police

NANS seeks removal of Army chief over killing of four Nassarawa Students

Muhammed Jameel Yusha'u

The Focus (48): Feedback from the readers, By Muhammad Jameel Yusha’u

Discussion about this post

Search

#EndSARS: Latest Updates




Polaris Bank


JAIZ Ad


NITDA Ad




Advertisement






netherland biz school Advert

Zenith Advert

Heritage Advert
ADVERTISEMENT

Our Digital Network

  • PT Hausa
  • Election Centre
  • Human Trafficking Investigation
  • Centre for Investigative Journalism
  • National Conference
  • Press Attack Tracker
  • PT Academy
  • Dubawa
  • LeaksNG
  • Campus Reporter

Resources

  • Oil & Gas Facts
  • List of Universities in Nigeria
  • LIST: Federal Unity Colleges in Nigeria
  • NYSC Orientation Camps in Nigeria
  • Nigeria’s Federal/States’ Budgets since 2005
  • Malabu Scandal Thread
  • World Cup 2018
  • Panama Papers Game
  • Our Digital Network
  • About Us
  • Resources
  • Projects
  • Data & Infographics
  • DONATE

All content is Copyrighted © 2020 The Premium Times, Nigeria

No Result
View All Result
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Health
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Panama Papers
    • Paradise Papers
    • Parliament Watch
    • AGAHRIN
  • Opinion
  • PT Hausa
  • The Membership Club
  • Dubawa
    • Dubawa NG
  • About Us
  • Advert Rates
  • Careers
  • Contact Us
  • Digital Store
  • DONATE

All content is Copyrighted © 2020 The Premium Times, Nigeria

Our website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.