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Ministers We Want: Nigerians Speak As Buhari Unveils New FEC September by sirbegojay(m): 3:10am On Aug 31, 2015 |
By Omodele Adigun, Bimbola Oyesola, Uche Usim and Adewale Sanyaolu As Nigerians await President Muhammadu Buhari pledge to constitute the Federal Executive Council this September, stakeholders are looking forward to welcoming seasoned and tested experts as minister to rescue the nation. For the potential Minister of Finance, transparency and experience are the qualities they want President Buhari to look for. According to Mr Roosevelt Ogbonna, the Executive Director, Commercial Banking, Access Bank Plc, the man or woman for the job should be a strong technical person. “Somebody who understand the economy and who should realise that you have to balance the short term economic needs with the long term expectations of government. If we have somebody who focuses on the short term economic issues and not the long term development of the macros,we might have an issue. He should be a person who understands the market and appreciates there is an international community outside the local market that is also created for economic growth. “ Toeing the same line of argument, Sir Sunny Nwosu, the National Coordinator of Independent Shareholders Association of Nigeria (ISAN), stated that the new Finance Minister should also be well grounded in capital market issues. According to him, the inability of the former Minister to understand the capital market robbed it of shareholders’ expectations. He added: “He should be a finance person who should be able to know what it is meant by a return to shareholders on the issue of capital market. So we need a Minister who should be in charge. Even in the National Assembly, we need somebody who understands the market as Chairman of House Committee on Capital Market. The same goes for the Senate. So when you combine all these with the knowledge of the minister, the directives and directions will be very clear to everybody. He should be a minister who should be transparent in everything that he is doing so that both the operators and the shareholders as well as the regulators will not find it difficult to understand the policies. If there is a difficulty in understanding the policies in the country, it is a problem. If we can even get somebody who has got his fingers burnt already at the capital market, he will understand much better how to manage the capital market. “As for the maritime sector, stakeholders listed high port charges, poor infrastructure, institutionalised corruption as the main challenges of the industry that must be tackled if the sector must move to the next level They insist that the past ministers of transport have been merely politicians with no cognate industry experience, a development they said was responsible for the sector’s parlous state. Speaking with Daily Sun on phone, a maritime expert and member of Presidential Committee on Customs Reform, Lucky Amiwero said the new transport minister must be a transparent, hard working, experienced and focused person, who on assumption of duties, will immediately beam his searchlight on the sector to rescue it from the stranglehold of corruption, nepotism and other blights. “He or she has a lot of jobs to do. There are three critical bills to be looked at. There is the NIMASA Act, Local Content Act and National Transport Commission bill. All these need to be worked on as they will help transform the sector rapidly. The maritime sector can generate 3 million jobs in two years if well harnessed. But when a politician with no industry experience comes in, he or she begins to learn the ropes. Soon, the person is hijacked by corrupt individuals and he starts doing things to enrich a few powerful individuals. You can see the sorry state of the industry. Hellish traffic, poor infrastructure, high cost clearance, corruption and many more are the lots of the industry and these must be addressed”, he said. Amiwero also urged the new coming minister of transport to urgently review the port concession exercise done in 2006, as it was neither transparent nor the terminal operators abiding by the rules of engagement as enshrined in the Memorandum of Understanding (MOU). He said Nigeria is losing out in the transshipment business and its cargoes being siphoned by neighbouring countries with cheaper operating cost. Other stakeholders, mainly freight forwarders, who also spoke with Daily Sun frowned at what they called arbitrary increase in charges by terminal operators and shipping agents, which they described as a breach of the rules of engagement. According to the National Coordinator of Save Nigerian Freight Forwarders Importers and Exporters Coalition (SNFIEC), Chief Osita Chukwu, the Buhari administration needs to address the issue of fictitious charges, alleging that it has become the rule, rather than the exception. He also said the issue of congestion and traffic snarl robs the nation’s economy of billions of naira annually as trucks spend days on the road before loading or offloading cargoes. For the petroleum sector, there are indications that Buhari may head the Ministry of Petroleum Resources himself in the new cabinet rather than trust anyone else with the responsibility, which currently contributes over 80 per cent of Nigeria’s revenue. Weather he appoints a minister or heads it himself, Nigerians expect to see a regime of transparency in the sector that is seen to be corrupt. Nigerian Association of Petroleum Explorationsists(NAPE) wants the man in charge to address the issue of pipeline vandalism while also reducing the contract cycle to 3 or 9 months. For the power sector, some stakeholders are equally calling on the new minister to carry out a review of the privatization exercise. Chairman, Society of Exploration Geophysicists, Nigeria, and former Head of Exploration, Nigerian National Petroleum Corporation (NNPC) Prof. Charles Ofoegbu, said despite the inauguration of completed power plants, the sector had failed to deliver adequate electricity to the citizens. “The privatization of the power sector needs to be reviewed. Government needs to do this before it can get the issue of power supply right. We keep inaugurating power generating plants, but I had warned in the past that power supply would keep diminishing and we have discovered that we are not making progress but rather retrogressing in the sector,’’ he said. Stakeholders in the real sector demand that the President appoints a minister who is knowledgably and familiar with the plight of manufacturers. President of the Manufacturers Association of Nigeria (MAN), Mr. Frank Jacobs, said the new minister should be able to convince the Central Bank of Nigeria (CBN) to reverse the recently introduced policy prohibiting 41 items for sourcing forex through the official window. On his part, the President of Nigeria Labour Congress (NLC), Mr. Ayuba Wabba, canvassed a minister who is in tune with amicable dispute resolution and also grounded in collective bargaining. Cc: lalasticala |
Re: Ministers We Want: Nigerians Speak As Buhari Unveils New FEC September by boxiposhags: 3:13am On Aug 31, 2015 |
ok. Sounds great |
Re: Ministers We Want: Nigerians Speak As Buhari Unveils New FEC September by DeRoyalFranco(m): 3:17am On Aug 31, 2015 |
Hisses... Nothing special about the list anymore.. Nigerians dont care anymore.. APC is not really a political party.. They are just liars masquerading the pictures of saints. |
Re: Ministers We Want: Nigerians Speak As Buhari Unveils New FEC September by DeRoyalFranco(m): 3:18am On Aug 31, 2015 |
Hisses... What is special about the list again?.. I dont think Nigerians care anymore.. APC is not really a political party.. They are just liars masquerading the pictures of saints. |
Re: Ministers We Want: Nigerians Speak As Buhari Unveils New FEC September by kossyablaze(m): 4:48am On Aug 31, 2015 |
Whatever 3 Likes 2 Shares |
Re: Ministers We Want: Nigerians Speak As Buhari Unveils New FEC September by jazinogold(m): 5:30am On Aug 31, 2015 |
the ministers will be unveiled in the fullness of time! we r taking our time to pick among the best northerners we have shortlisted! |
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