NSIB Boss Canvasses Reforms For Rapid Development In Nigeria

NSIB Boss Canvasses Reforms For Rapid Development In Nigeria

The Director General, Nigerian Safety Investigation Bureau (NSIB), Engr. Akin Olateru has canvassed for comprehensive reforms in the country’s socio-economic sectors with a view to enhancing the wellbeing of the citizenry and overall growth and development of Nigeria.

A statement signed by Dr. James Odaudu, NSIB’s Director, Public Affairs and Consumer Protection says Olateru stated this in a keynote address titled: “Breaking Barriers to National Development, “at the Nigerian Service Award organized by COA Media in Abuja yesterday. He noted that engaging in agribusiness, job creations, strengthening public services, implementing fiscal and monetary measures aimed at stimulating the economy and achieving quick recovery, improved working conditions for civil servants in both private and  public sectors for optimal performance, among others, are required to  adequately address the economic and social barriers that have hindered the  national development .

The NSIB boss lamented that Nigeria has the largest economy and population in Africa for rapid human and infrastructural development,  but 63 years after her independence, the nation still faces multiple  socio-economic barriers  fully manifested in the low and fragile economic growth, poor infrastructure, poor electricity/ energy supply, primary product dependency, foreign currency gap and capital flight, human capital inadequacies, poverty, corruption, insecurity, illiteracy, unemployment, among others.

Explaining further, Olateru said the socio-economic barrier challenge has also caused many Nigerians to continue to leave the country in droves in search of greener pastures in other countries of the world. This, he said, has resulted in massive emigration of the country’s greatest minds in search of more favorable living conditions and greener pastures across the world.

“Inadequate infrastructure such as good road network, lack of stable power supply  that hinder economic activities in the areas of local manufacturing and production of the domestic products that  has grossly affected the volume of the country export according to him has made a lot of Nigerians rely heavily on imported products”.

The Director General who was honoured as the ‘Most Outstanding Public Servant’ at the event for his transformative efforts at NSIB, further Pointed out that an estimated of 3.5 million Nigerians  join the labour market yearly with their prospect of being gainfully  employed at the end of the day very weakened due  to lack of  job creations and unavailability of entrepreneurial skills.

He said the poverty rate in Nigeria according to the world Bank is expected to reach 37%in 2023, with an estimated 84 million Nigerians living below the poverty line. “This would make Nigeria the world’s second largest poor population after India, saying that the world Bank however, predicted that Nigerian economy is to grow at an  average of 3.4% between 2023 to 2025, as a result of the reforms the government has embarked upon.

He therefore called on all Nigerians to key into, and support the current government of President Bola Ahmed Tinubu’s Socio-economic Reform programmes aimed at repositioning the country for the benefit of all .


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Albinus Chiedu

Albinus Chiedu is a journalist, aviation media consultant, events management professional, and author. He has practiced journalism since 2000.

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