Aganga’s advice came the same day Tinubu withdrew the appointment of a 24-year-old fresh graduate of Mechanical Engineering as the chairman of Federal Road Maintenance Agency.
President Bola Ahmed Tinubu has been advised to prioritize the appointment of technocrats against politicians in his government.
The advice was given by former minister of finance, and also of Industry, Trade and Investment, Olusegun Aganga.
Speaking as a guest lecturer at the 3rd Adeola Odutola lecture hosted by the Manufacturers Association of Nigeria (MAN) on Thursday, Aganga said at a minimum, competent technocrats who have a reputation for delivering should be appointed to the boards and management of government agencies.
Aganga’s advice came the same day Tinubu withdrew the appointment of a 24-year-old fresh graduate of Mechanical Engineering as the chairman of Federal Road Maintenance Agency.
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Aganga said: “Nations fail because institutions are weak or do not exist. Any industrial plan will fail if the relevant economic institutions are weak. Government agencies are economic institutions and the implementing arm of the ministries and are therefore critical to any indsutrialisation plan.”
He advised the President to also set Key performance Index (KPI) and a comprehensive review of their performance regularly undertaken before any reappointments.
Earlier in his remark, MAN’s President, Otunba Francis Meshioye, highlighted the challenges faced by manufacturers to include; multiple taxation, high borrowing costs, lack of patronage of made-in-Nigeria products, forex shortage and other issues.
