Friday, December 9, 2022

Ighodalo steps down as NESG chairman, unveils new leadership

• November 15, 2022
Asue Ighodalo
Asue Ighodalo

As the Nigerian Economic Group (NESG) opens its 28th summit in Abuja on Monday, the group’s chairman, Mr Asue Ighodalo, has stepped down.

Mr Ighodalo said his decision was in keeping with the group’s long tradition and also announced the erstwhile first vice-chairman, Mr Niyi Yusuf, as the new chairman.

“Having served two terms of two years each, and in keeping with our almost three decades tradition of seamless governance transition, at the end of this summit, I step down as chairman,” Mr Ighodalo explained.

Accordingly, at our last NESG board meeting, Mr Yusuf, who served as my first vice-chairman, was elected to succeed me as chairman.

“Niyi, the managing director of Verraki Africa, is one of the distinguished global leaders at the NESG and has served practically all “paying to serve” roles for over more than a decade,” he said.

Mr Ighodalo said Osagie Okunbor would assist the new chairman as first vice-chairman, Boye Okunsanya as second vice-chairman and Amina Maina as third vice-chairman.

“It has been my pleasure, privilege and honour to serve as the chairman of the NESG,” he said.

Mr Ighodalo called for transforming the Nigerian economy into “the complete opposite of what it is today.”

He called on leaders to concern themselves with how to grow the economy to about 20 times its present size.

“Successful national turnarounds start first with addressing basic internal problems and fixing them, and then settling the country’s sights on externally driven growth possibilities,” he stated. “We must start by achieving macroeconomic stability as this is the foundation of economic growth.”

According to him, our economic competitiveness is weak.

“Simply put, we do not produce enough for ourselves and cannot produce for the world. We must take active steps to multiply our productive output, particularly in those areas that support foreign exchange earnings and enhance livelihoods,” said the NESG chair.

Mr Ighodalo called for effective steps to address all areas of waste, leakage, theft and graft, adding that gas flaring must stop.

“Only a nation that does not take itself seriously will cry out year after year for power but continue to fritter away a resource that can deliver that power,” added Mr Ighodalo. “We must think through ingenious ways of fixing and strengthening our institutions, paying particular attention to our civil service and judiciary, and changing the attitude and temperament of those who work in those institutions.”

He urged the government to tackle national security issues with renewed vigour, noting that “a prosperous Nigeria cannot be created without decisively dealing with our security problems.” 

(NAN)

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

Nigerian Exchange

Economy

Stock market rebounds by 1.07% amid buying interests 

A total of 100.82 million shares valued at N1.14 billion were exchanged in 2,440 deals.

Politics

2023: INEC begins voter migration exercise in Borno 

A total of 411 polling units with over 1,000 voters would be migrated to 336 less populated ones.

Croatia celebrating their win against Brazil

Sport

Qatar 2022: Croatia send Brazil out of World Cup

Croatia held Brazil to a 1-1 draw and eventually won in penalty shootout that ended 4-2.

Vehicles queue for petrol

NationWide

NUPEG moves to end fuel scarcity; gives marching order to tanker drivers, others 

NUPENG further ordered employees at gas stations and depots to abstain from any unlawful activity that could contribute to fuel shortage.

The new Palestinian Ambassador to Nigeria, Abdullah Shawesh

Agriculture

Palestinian envoy pledges support to Nigeria’s agric sector

Abdullah Shawesh pledged to support Nigeria with his vast knowledge in the agricultural sector.

An image of a meeting of the National Working Committee (NWC) held in Abuja

Hot news Home top

Labour Party removes spokesman, sacks Ogun excos

The party scribe said a caretaker committee would be appointed to take charge of the party’s activities in Ogun State pending further recommendations.