Central Bank Governor Lamido Sanusi says culture of impunity, much\u00a0 more than corruption, has hampered Nigeria`s development and promoted poverty.<\/p>\n
Sanusi, who spoke at the 5th Bola Tinubu Colloquium in Lagos on Thursday, said the unpreparedness of the country to sanction corrupt persons had ensured the emasculation of the system.<\/p>\n
He noted that corruption was a universal problem, but added that other countries were able to attain development because they had adequate punitive structures in place.<\/p>\n
The News Agency of Nigeria (NAN) reports the theme of the colloquium, organised to mark the 61st birthday of Tinubu was “Beyond Mergers: A National Movement for Change\u201d.<\/p>\n
According to 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 Nigeria isn\u2019t?<\/p>\n
“It is not just corruption. It is the kind of failed interventions that are procured with the proceeds of corruption.<\/p>\n
“Everyone agree that corruption is bad. It has economic cost. You take a bribe and pay subsidy to someone who hasn\u2019t delivered the required goods.
\nThat is corruption,\u201d he added.<\/p>\n
Sanusi said that in Nigeria people collected money for contracts and they wouldn\u2019t fulfil their own parts and nothing was done about it.<\/p>\n
“What is destroying this country is that people are corrupt and nothing is done about it,\u201d he said.<\/p>\n
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.<\/p>\n
According to him as soon as those fundamentals are put in place Nigerians will begin to benefit from this macro-economic stability.<\/p>\n
He urged the 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.<\/p>\n
Tinubu said 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.<\/p>\n
He said since it was successfully used to douse tension in the Niger Delta, it could also solve the Boko Haram issue if well implemented.<\/p>\n
Gov. Babatunde Fashola of Lagos State also said it was time for the youths to begin to initiate and pursue efforts geared at repositioning the country.<\/p>\n
Fashola said 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.<\/p>\n
“Today, I 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,\u201d
\nFashola said.<\/p>\n
NAN reports that Governors Ibikunle Amosun (Ogun), Adams\u00a0 Oshiomhole (Edo) and Kayode Fayemi (Ekiti), were among notable Nigerians that\u00a0 attended the colloquium.<\/p>\n
Other eminent personalities were Sen. Sani Yerima, Chief Tom Ikimi and ACN National leader, Chief Bisi Akande. (NAN)<\/p>\n","protected":false},"excerpt":{"rendered":"
Central Bank Governor Lamido Sanusi says culture of impunity, much\u00a0 more than corruption, has hampered Nigeria`s development and promoted poverty. Sanusi, who spoke at the 5th Bola Tinubu Colloquium in…<\/p>\n","protected":false},"author":1,"featured_media":8374,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[17],"tags":[],"class_list":["post-11515","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-exclusive"],"yoast_head":"\n