The Joint Admissions and Matriculation Board (JAMB) Registrar, Prof. Is-haq Oloyede has advocated for frontal attack on the enablers of poverty in the country.
He observed that insecurity, kidnapping and a host of other vices and crises have conspired to rob the country of realising its potentials in productivity and economic growth and development which had contributed significantly to the rising level of poverty.
Prof. Oloyede spoke while chairing the 7th Annual Conference of the Guild of Corporate Online Publishers (GOCOP) held in Abuja. The theme was “Nigeria: Roadmap for socioeconomic recovery and sustainability”.
While proffering solutions to rejuvenate the economy, he advocated for commensurate remuneration for commensurate work to attract good hands and improve productivity of workers.
According to him, “With good, adequate and competitive compensation structure in the public sector, the system can attract good hands. I believe that paying the right wages in the public sector is one way to improve productivity of workers.
“When commensurable remunerations are paid, productivity can be enhanced, and key performance indicators (KPIs) can be set to ensure service delivery. In addition, code of conduct and standard operating procedures can be put in place to address the leakages that fuel corruption, ineptitude, and inefficiency. When workers are well remunerated, it helps to call them to account and work for their pay.”
Furthermore, he proposed the strengthening of governance in public corporations, publicly listed companies and non-governmental organisations (NGOs) with the extension of Code of corporate governance be extended to all major actors in the Nigerian economy.
Prof. Oloyede stressed that the leadership of these entities require greater scrutiny that would ensure that the interest of their stakeholders are served.
“In specific, government should come out, without further delay with code of corporate governance and make it mandatory for public sector institutions, non-governmental organisations (NGOs) and small and medium enterprises that represent over 97% of businesses operating in Nigeria.
“When this is done, I believe there would be improvement in governance of government, non-governmental and private entities in Nigeria which would help to unlock their values for prosperity of Nigerians and sustainable development of the country”, he stated.
The JAMB Chief Executive further canvassed for collective action by all, advising that to realise the nation’s potentials as a nation and achieve huge socio-economic recovery and sustainability, “we all have our part to play. But we cannot be doing the same thing over and over again and expect a different result. We need to change the way things are done. And we need to be bold.”
On place of media in development, Prof. Ishaq maintained that “A country with an effective and strong media stands a better chance of attaining sustainable development. So as we scramble to remake our country, government must take deliberate steps to partner the Nigerian media with a view to making them more credible and sustainable.
“If we are to attain the socio-economic and political progress we badly need, we cannot treat the media as adversaries and as entities whose health or ill-health shouldn’t concern us.”
He however, advised media practitioners not to deliberately undermine national security.
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