A former minister of National Planning in the previous administration,
Dr. Shamsudsen Usman yesterday said the quest for economic buoyancy,
national growth and sustainable development would remain a mirage so
long as there is no strong political and legislative will to support
the many laudable policies and initiatives of the present government.
Speaking while delivering a paper titled “Public Private Partnership
(PPP) for Economic Growth and Development: The Role of Islamic
Finance,” at a public lecture series organized by the International
Institute of Islamic Banking and Finance of the Bayero University,
Kano, Dr. Usman, lamented that Nigeria is regrettably moving at a
“Clearly, Nigeria has not done well at all. It is punching far below
its weight due largely to inadequate support of the highest political
level, legal regulatory and operational frameworks and lack of
consistency,” he stated.
Usman who is also a onetime minister of finance, said as a panacea,
the country must reinstate and maintain long term plan.
He suggested that Islamic Finance remain very vital and critical in
salvaging the country out of the poor infrastructural deficit.
He advised that the National Assembly should hasten the passing of the
National planning and project continuity bill adding that while other
nations such as India and Malaysia have been religiously been
following their national planning doctrine, Nigeria is always
conceptualizing policies without implementation. ELANZANEWS.M