NIGERIA’S quest for economic buoyancy, national growth and sustainable development would remain a mirage so long as there is no strong political and legislative will to support the many laudable policies and initiatives, former Minister of National Planning, Dr. Shamsuddeen Usman has said.
Speaking while delivering a paper entitled “Public Private Partnership (PPP) for Economic Growth and Development: The Role of Islamic Finance”, at a public lecture organized by the International Institute of Islamic Banking and Finance of the Bayero University, Kano, Usman, lamented that Nigeria is regrettably moving at a wrong direction.
“Clearly, Nigeria has not done well at all. It is punching far below its weight due largely to inadequate support of the highest political level, legal regulatory and operational frameworks and lack of consistency”, he stated.
As a panacea, the onetime minister of finance, suggested that, as a way out of the logjam, the country must reinstate and maintain long term plan as a nation, even as he suggested that Islamic Finance remained very vital and critical in salvaging the country out of the poor infrastructural deficit.