No Meaningful Development Without Legislative Will -Shamsuddeen Usman

A former minister of National Planning in the previous administration, Dr. Shamsudsen Usman yesterday said the 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 of the present government.Speaking while delivering a paper titled Public Private Partnership (PPP) for Economic Growth and Development: The Role of Islamic Finance, at a public lecture series organized by the International Institute of Islamic Banking and Finance of the Bayero University, Kano, Dr. 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.Usman who is also a onetime minister of finance, said as a panacea, the country must reinstate and maintain long term plan.He suggested that Islamic Finance remain very vital and critical in salvaging the country out of the poor infrastructural deficit.He advised that the National Assembly should hasten the passing of the National planning and project continuity bill adding that while other nations such as India and Malaysia have been religiously been following their national planning doctrine, Nigeria is always conceptualising policies without implementation.
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