Olusegun Odunewu

NCC, NITDA, NDPC told to defer enforcement of digital economy regulations

NCC warns call masking threatens telecom industry, economy

The Nigerian Communications Commission (NCC) has warned that the resurgence of call masking activities poses a serious threat to the integrity, security and orderly development...

NCC records over 5,000 fibre cuts amid road construction activities

Business2 months ago

NCC: Telecom operators deploy 8,526 new sites to boost network coverage

The Nigerian Communications Commission (NCC) has disclosed that mobile network operators (MNOs) have deployed 8,526 of the 12,179 additional network coverage and capacity sites committed...

Weak institutions, poor management stifle Nigeria’s economic potential – Peterside

News2 months ago

Weak institutions, poor management stifle Nigeria’s economic potential – Peterside

Leadership and public policy expert, Dr. Dakuku Peterside, has identified weak institutions, poor management and inconsistent policy implementation as major reasons Nigeria has struggled...

Peterside: Nigeria’s Resources Have Not Translated Into Prosperity Due to Weak Institutions and Poor Management By ------- Leadership and public policy expert, Dr. Dakuku Peterside, has said Nigeria’s failure to translate its vast natural and human resources into broad-based prosperity is largely a consequence of weak institutions, poor management and inconsistent policy implementation. Peterside, who was the keynote speaker at the 65th Annual National Management Conference of the Nigerian Institute of Management (NIM), said Nigeria’s fundamental development challenge was not a shortage of resources, but the quality of institutions through which those resources were managed. He urged the country to urgently move “from resource wealth to institutional wealth,” stressing that oil revenues should be channelled into productive assets, including education, infrastructure, technology, research, manufacturing, agricultural value chains, logistics and human capital. “Development occurs when natural wealth is converted into institutional wealth,” he said, defining institutional wealth as capable people, credible systems, reliable laws, efficient agencies, transparent processes and productive enterprises. Peterside said the contrasting development experiences of Nigeria, Botswana and South Korea demonstrate that natural resources alone do not determine national prosperity. He noted that Botswana had leveraged its diamond wealth through strong institutions, political stability, secure property rights and prudent public financial management, while South Korea achieved remarkable transformation through capable institutions, industrial coordination, infrastructure development, export-oriented policies and sustained investment in education. He also cited historical per-capita income comparisons involving Nigeria, China and Malaysia, noting that Nigeria had once been ahead on the cited measure but was subsequently overtaken as the other countries grew faster and more consistently. According to Peterside, “Potential is not destiny. History does not reward potential; it rewards organised potential.” He warned that excessive dependence on oil could encourage rent-seeking, fiscal instability and distorted incentives, stressing that the critical question was whether oil would finance national transformation or merely fund consumption. Peterside urged Nigerian managers and policymakers to prioritise merit, accountability, measurable performance, institutional memory and professional public management. “Institutions become strong not because they occupy impressive buildings, but because they deliver predictable outcomes,” he said, stressing that national transformation ultimately depends on “capable institutions led by competent people” committed to implementation. Earlier, His Majesty, Oba Dr. Olufolarin Olukayode Ogunsanwo, the Alara of Ilara Kingdom, said in his keynote address that Nigeria’s failure was fundamentally a failure to build strong institutions. The monarch said the country must be deliberate in cultivating competent leaders with integrity, stressing the importance of leadership development in achieving national transformation. In his remarks, the President and Chairman of Council of NIM, Commodore Abimbola Ayuba, said Nigeria could not move forward without breaking from the past. “The operating environment must be conducive and peaceful for the nation to excel,” Ayuba said. He charged professional managers to serve as leading lights and change agents in their respective areas of calling, urging them to contribute actively to improving the country’s institutions, systems and management practices.

Crime2 months ago

Anambra woman arrested over alleged hot-knife abuse of seven-year-old daughter

The Anambra State Police Command has arrested a 32-year-old woman, Ogechi Ofoma, for allegedly subjecting her seven-year-old daughter to severe physical abuse, including injuries...

August inflation faces upward pressure despite disinflation trend – Analysts

Business2 months ago

August inflation faces upward pressure despite disinflation trend – Analysts

Nigeria’s headline inflation rate could edge higher in August despite two consecutive months of disinflation, as analysts forecast a rate between 15.3 percent and...

Oyo APC demands answers after bandits attack operation burst base

Latest2 months ago

Oyo APC demands answers after bandits attack operation burst base

The Oyo State chapter of the All Progressives Congress (APC) has questioned the effectiveness of the state government’s security surveillance aircraft following an attack...

Dangote IPO rush crashes Bamboo login as investors flood platform

Business2 months ago

Dangote IPO rush crashes Bamboo login as investors flood platform

Investment platform Bamboo experienced login disruptions on Monday as a surge of investors attempted to access the app to participate in the N2.15 trillion...

Daniel Maldini reportedly tests positive for drugs ater car accident

News2 months ago

Daniel Maldini reportedly tests positive for drugs ater car accident

By Ihuoma Inyama Cagliari forward Daniel Maldini is facing further scrutiny after reportedly testing positive for drugs in a preliminary test following a car accident...

SERAP gives INEC 7-day ultimatum to account for N126.46bn electoral funds

News2 months ago

SERAP gives INEC 7-day ultimatum to account for N126.46bn electoral funds

The Socio-Economic Rights and Accountability Project (SERAP) has given the Independent National Electoral Commission (INEC) seven days to account for over N126.46 billion in...

Amupitan to deliver keynote at GOCOP 10th annual conference on 2027 elections

News2 months ago

Amupitan to deliver keynote at GOCOP 10th annual conference on 2027 elections

The Chairman of the Independent National Electoral Commission (INEC), Professor Joash Amupitan, will deliver the keynote address at the 10th Annual Conference of the...

National Daily Newspaper

Stories By Olusegun Odunewu

NCC warns call masking threatens telecom industry, economy

NCC: Telecom operators deploy 8,526 new sites to boost network coverage

Weak institutions, poor management stifle Nigeria’s economic potential – Peterside

Anambra woman arrested over alleged hot-knife abuse of seven-year-old daughter

August inflation faces upward pressure despite disinflation trend – Analysts

Oyo APC demands answers after bandits attack operation burst base

Dangote IPO rush crashes Bamboo login as investors flood platform

Daniel Maldini reportedly tests positive for drugs ater car accident

SERAP gives INEC 7-day ultimatum to account for N126.46bn electoral funds

Amupitan to deliver keynote at GOCOP 10th annual conference on 2027 elections