6 September 2012

Nigeria: Anya Canvasses for Good Economic Policies

Bothered by the high level of poverty and corruption in the country, the Chairman of Alpha Institute of Research in Science, Economics and Development (AIRSED), Professor Anya O. Anya, has suggested that any programme for Nigeria's development and economic progress must take into consideration the changes in the global environment.

These, Anya said include the new rules for economic progress arising from the paradigm shift in the factors that drive development and economic as well as Nigeria's peculiar and unique plural environment.

Speaking on the topic: "Dependence, Resource Curse and the Challenge of Building a Prosperous Economy in a Global World- Nigeria's Option" as a guest speaker during the 13th Mike Okonkwo Lecture held Wednesday in Lagos, Anya said globalisation has transformed the world such that no nation is an island unto itself.

He said every nation, and Nigeria in particular must operate in the competitive and interconnected world driven by instant communication and the capacity for mobility of vast financial resources, skills and technology.

"In a sense, we live in a new world in which the traditional context of sovereignty in the nation state has been largely abridged and redefined in response to the competitive demands of the new world of interconnected culture and ideas as I evident in Eurozone crisis and the ongoing Arab spring," the professor noted.

He said further that the "essential software for transforming development" must be anchored on innovation, competition, accountability and massive investment in human capacities through education.

Anya, who said the prospect for future of economic progress and prosperity for Nigeria are reasonably assured, noted however that Nigeria needed to change her ways, adding that "we have back-breaking work to do - not by some but by all Nigerians of all nationalities.

"There is general agreement that we need to pay attention to the development of critical infrastructure and the repositioning of the educational system to make it fit for purpose in the competitive world of the 21st century. These ideas have been out there in the Nigerian psyche over the last thirty years. What has been lacking has been the political will to pursue and implement agreed national agenda," he noted further.

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