Obasanjo blames poor leadership for Nigeria’s retrogressive growth

Olusegun Obasanjo Photo: Atom Lim

Former President Olusegun Obasanjo on Monday attributed the slow rate of infrastructure development in Nigeria to lack of synergy between public and the private sector.

The former leader also blamed poor leadership for Nigeria’s economic and infrastructural situation.

Mr. Obasanjo, who was the Chairman of the 2017 Annual Seminar of Kaduna Chamber of Commerce, Industry, Mines and Agriculture [KADCCIMA], said the Nigerian government had over the years paid very little attention to the private sector.

According to him, it is important to develop deep synergy between the two in order to tackle the wide infrastructure deficit in the country and accelerate national development.

The former president explained that the relationship had not been productive because for some time, the public sector regarded those in the private sector as “parasites”, who reap from what they did not sew and were only interested in making profit.

He noted that the theme of the seminar, `Promoting Public/Private Partnership, as a Panacea for Accelerated Growth and Development’, stressed the need for the government and private sector to work together for the common good of the country.

Mr. Obasanjo noted that the engagement of more people from the private sector in government is helping to encourage a more robust relationship.

He said that for the country to experience any serious development, it must view the public and private sector as two legs necessary for the country to move forward.

“Nothing would work if the emphasis is on the public or private sector, there must be synergy between the two for reasonable growth,” he said.

The former president also blamed the country’s retrogressive growth on poor leadership.

“We are not there, is a factor of leadership. We are where we are not because of God’s design, given our human and natural resources, but because of bad leadership that could not put the resources to good use.

“The countries that are better than us today are better because they are committed, focused and understand what it takes to develop.

“Until we get the problem of leadership right, we will not go anywhere,” Obasanjo said.

On his part, the guest speaker, Shamsudeen Usman, a former minister of finance, noted that the country has a huge infrastructural gap.

Mr. Usman, in a paper, “Promoting Public Private Partnership As a Panacea for Accelerated Growth and Development” said the country needs foreign capital and expertise to supplement the resources that the country can afford to generate.

He described the Public/Private Partnership (PPP) as a crucial tool in addressing the infrastructural gap in the country, adding however, that its potential has not been fully tapped.

Mr. Usman gave example of countries like India, Malaysia and South Africa among other countries that successfully deployed PPP to achieve accelerated socio-economic growth and development.

He identified the problems of politics, absence of strong legal framework, inconsistency in policy implementation, lack of clear goals and coordination as hindrances to Nigeria’s ability to tap the benefits of PPP.

According to him, the country’s legal framework and budgetary approval processes must be reviewed for PPP to work efficiently in the country.

“Similarly, there is the need for high political support, post transaction monitoring and evaluation, alternative dispute resolution mechanism to ensure smooth operation of the PPP strategy, ” he added.

Earlier, the President of the KADCCIMA, Muheeba Dankaka, explained that the theme was chosen to highlight the need for collaboration between the public and private sector to enhance the business environment through massive infrastructure development.

“The PPP, if well tapped, could maintain and sustain the productive and manufacturing sectors, which would in turn ensure equitable distribution of wealth.

“To achieve this, government and the private sector must work together”.


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.


NEVER MISS A THING AGAIN! Subscribe to our newsletter

* indicates required


Now available on

  Premium Times Android mobile applicationPremium Times iOS mobile applicationPremium Times blackberry mobile applicationPremium Times windows mobile application

TEXT AD: New Discovery! Click Here To See A Miracle Device That Can Cure DIABETES, BLOOD PRESSURE, STROKE, ARTHRITIS, PAINS, OBESITY And 50 Other CHRONIC DISEASES Without Drugs Or Herbs.. Click Here Now To See It

All rights reserved. This material and any other material on this platform may not be reproduced, published, broadcast, written or distributed in full or in part, without written permission from PREMIUM TIMES.