News

SPEECH DELIVERED BY THE EXECUTIVE VICE CHAIRMAN (EVC)/CEO, NIGERIAN COMMUNICATIONS COMMISSION (NCC), PROF. UMAR DANBATTA, AT THE 2020 HYBRID (ONLINE/ONSITE) ANNUAL DIRECTORS CONFERENCE (ADC)

Theme: “Ethical   leadership   as an instrument for national sustainability in the post-oil Nigerian economy. A public sector perspective”

1.0             Introduction

Leadership is the art of motivating a group of people to act towards achieving a common goal. There can never be leadership without a leader. So who is a leader? According to Nelson Mandela “a leader is like a shepherd he stays behind the flock, letting the most nimble go out ahead, whereupon the others follow, not realizing that all along they are being directed from behind.” Douglas Macarthur posited that a leader is the one that has the confidence to stand alone, the courage to make tough decisions, and the compassion to listen to the needs of others. He does not set out to be a leader, but becomes one by the quality of his actions and the integrity of his intent.”  In the same vein, Babatunde Raji Fashola described a leader as “one capable of    showing clear sensibility to the feelings of the led about critical issues whose influence is not necessarily exerted by his personal authority but by being the servant of the community he leads”.

In short, a good leader is one who knows when to lead and when to step back. Ethical leadership can be described as one, which demonstrates and promotes normatively appropriate conduct through personal actions and interpersonal relations.

2.0             An Overview of the Nigerian Economy.

Agriculture was the major source of Nigeria’s foreign exchange earnings prior to its independence in 1960.However, with the discovery of oil in commercial quantities in the 1970s this very important sector was relegated to the background. Currently oil revenues are dwindling worldwide due to the discovery of   alternative energy sources such as solar energy, nuclear energy and geothermal energy. This means that Nigeria cannot be solely dependent on oil earnings anymore. Consequently, the FG is looking for ways of diversifying the economy. Economic diversification is the process of shifting an economy away from a single income source toward multiple sources from a growing range of sectors and markets. This is with a view to increasing productivity, creating jobs and providing the basis for sustained economic growth.

The Federal Government (FG) has made several attempts at economic diversification by setting up manufacturing and other industries  such as the Ajaokuta steel rolling mills, tyre, textiles, fertilizer   manufacturing companies etc. but all these attempts had  little impact as majority of them have folded up, whilst others are finding it difficult to survive. The situation has been compounded by the economic recession experienced recently and the global Covid-19 pandemic which broke out in Wuhan, China in December, 2019, adversely affected the global economy and Nigeria is not exempted

Over the years, Countries and societies have evolved by finding new ways of doing things to ensure economic sustainability. This led to the first, second and third industrial revolutions. Currently countries are exploiting the fourth industrial revolution in order to diversify their economies. The fourth industrial revolution, which has also been referred to as 4IR or Industry 4.0, describes the age of intelligence and encompasses technologies like  high-speed mobile Internet, Artificial Intelligence, automation, the use of big data analytics and cloud computing. However, the major constraint in Nigeria facing the 4IR is the inadequacy of digital skills, infrastructure deficit, enabling environment and inadequate infrastructure.

The   4IR is the information and digital economy age which if properly enhanced and exploited can serve as a major revenue earner for the Country in the post-oil era. This is because while natural resources such as oil, gas, etc are finite, data and information are infinite. Furthermore, the possibilities provided by the 4IR are limitless and can generate employment for Nigeria’s teeming youth population Therefore, in order to achieve economic growth using the 4IR there is the need for ethical leadership.

The Federal Government in its bid to ensure economic growth and sustainability collaborates with the Nigerian Economic Summit Group (NESG) to discuss issues and challenges facing the development of Nigeria with a view to developing and harmonizing ideas towards diversification and sustaining the economy.

In addition, the National Sustainability Committee chaired by Vice President Yemi Osinbajo, developed a National Economic Sustainability Plan (NESP). The plan is aimed at overcoming the challenges posed by the COVID-19 pandemic, enhancing oil and non-oil revenues, creation of a financial stimulus package for the Nigerian economy, support for MSMEs and the creation of jobs amongst others

3.0 Ethical Leadership as an Instrument for National Sustainability

Why ethical leadership?

Ethical leaders possess attributes that enable them function effectively. These attributes include honesty, integrity, accountability, empathy, humility, resilience, vision, influence and positivity. A leader with such attributes plays a very important role in effectively and adequately harnessing the natural and human resources of the Country. In order to achieve sustainable economic development, such leader focuses on team  building, encourages initiatives by putting the right people in the right places, is a visioner who can forecast and adequately prepare for the future and above all show leadership by example.

Sustainability is the concept of conserving resources for future generations. It can be viewed from the economic, environmental and social perspectives. Economic sustainability can be described as a process, which focuses on ensuring that there is growth, which would be sufficient for all kinds of social improvement. It should be noted that economic   sustainability can only be achieved where we have ethical leaders at the helm of affairs especially the public sector of the economy.

4.0 Ethical Leadership and the Public Sector Perspective

In order to achieve National sustainability in the post-oil Nigerian economy, the highest standard of ethical leadership is required of all leaders especially in the public sector. This is   because the government has enormous authoritative influence on citizens. Therefore, taxpayers expect a high level of integrity from their leaders. Peoples’ confidence and trust in the government increases when their leaders develop policies and take actions that promote the interests and wellbeing of the entire society. This is because public policies have a direct impact on the citizens. Therefore ensuring ethics in the public service is very important. In this regard, the Federal government came up with a Code of Conduct for public officers, which is spelt out in the Fifth Schedule, Part 1 of the 1999 Constitution. The aim of the code is to establish and maintain a high standard of integrity in the conduct of government business and to ensure that the actions and behavior of public officers conform to the highest standards of public morality and accountability.

5.0 Conclusion

Leaders at all levels are expected to exhibit ethical behavior not only to those they lead within public organizations and institutions but everyone in the society. They are expected   to be committed   to the principles and values of   ethical leadership. It should be noted that the citizens are demanding higher standards of ethics,    transparency and accountability. Therefore, the only thing that will take Nigeria out of its current economic crisis is the diversification of the economy and having ethical leaders who will manage its resources effectively and efficiently, by ensuring adequate planning and proper management of resources, all-inclusive growth and prudence.

In conclusion, ethical leadership is essential for sustainable development of a Country. Nurturing an ethical leader is essential and this will determine the transformation and overall development of the Country. Nigeria stands at the threshold of history and would definitely need ethical leaders to ensure sustainability in the post-oil era as government takes positive steps to diversify the economy.

Leave a Comment

Your email address will not be published.

You may also like

Business Economy News Technology Technology Trends Telecoms

COURE Celebrates 25 years of Providing Innovative Digital Solutions

post-image

 

COURE Software & Systems Limited (“COURE”), an indigenous information technology (IT) firm located in Lagos, will be marking 25 years of existence, 15 of which have been spent deploying IT solutions and services in Nigeria and other African countries. From telecoms to financial to the public sector, the company has made tremendous strides in various sectors of the economy.

Speaking to the media, COURE’s CEO, Uche Onwudiwe described the company as, “a platform services provider with a focus on the provision of accurate, secure and relevant data to improve its clients’ business processes and operations.” He reflected on the journey so far, noting that the company “started out in the US in 1998 at a time when the internet and modern technology, as we know it, were taking off. At that time, we were focused on networking and physical systems integration.”

COURE’s CEO,...
</p>
                    </div>
                    <span class= Read More

Announcements Business Economy Fintech Gadgets Technology Technology Trends

Morocco unites global tech community’s commitment to advancing African digital economy at momentous GITEX Africa launch

post-image

 

 

Debut of Africa’s largest tech and start-up show to welcome 900 companies to explore, discover, and connect to real opportunities in world’s rising digital economy

 

H.E Dr Ghita Mezzour: “We’re witnessing a historic event, the largest tech networking and business event in the African continent”

 

 

Morocco will centre the global tech community’s attention on Africa’s united commitment to advancing the digital economy next week, converging the best minds from governments, businesses, big tech, start-ups, investors and youths to accelerate and catalyse the continent’s ambitious digital transformation journey. 

 

GITEX Africa 2023, now the largest tech and start-up show in the African continent, will make its highly anticipated debut from 31 May-2 June, with the final preparations underway across ten halls and 45,000sqm of exhibition space in a purpose-built super venue at Place…

Read More
Business News Opinion

African growth potential in a polycrisis world

post-image

The global economy faces a perfect storm of stubborn inflation, high interest rates in key economies, trade wars, supply chain difficulties and fallout from the Ukraine crisis which has heightened geopolitical risks. This is having a big impact on emerging and developing market economies, including African economies in the form of fuelling price rises, constrained trade volumes, reduced access to capital markets and food supply problems. African economies as a whole will slightly outperform the global economy this year, with most enjoying higher levels of growth than in 2022.

 

Published by African Export-Import Bank (Afreximbank) the Africa’s 2023 Growth Prospects: Securing growth resilience in a ‘polycrisis’ world report highlights the various factors that are currently plaguing the global economy: stubbornly high inflation, U.S. and Chinese trade and tech wars,  geopolitical tensions and supply chain problems. Following a strong economic recovery from the height of the Covid-19 pandemic, global growth of 3.4% in 2022…

Read More
Business Environment Opinion Software

Liquid Dataport and Viasat sign Memorandum of Understanding (MoU) to improve connectivity services for business and consumers in West Africa

post-image

Liquid Dataport, a business of Liquid Intelligent Technologies (Liquid) (https://www.Liquid.tech/), a pan-African technology group, and Viasat (NASDAQ: VSAT), a global communications company, today announced the signing of a Memorandum of Understanding (MOU) to engage in business-to-business (B2B) and business-to-consumer (B2C) service opportunities across West Africa.

 

Liquid and Viasat intend to focus on the potential commercialisation and distribution of satellite broadband to reduce internet connectivity costs and improve data connections across the region. Under the terms of the MOU, Liquid Dataport will offer Viasat’s connectivity services working through local partners.

As a part of Viasat’s expansion into Africa, the Company’s next-generation ViaSat-3 satellite constellation is expected to deliver connectivity services to Europe, The Middle East, and Africa (EMEA).

The reduced costs for connectivity is good news for our enterprise customers businesses

“Liquid Dataport is delighted to announce our collaboration with Viasat, and we believe there will be…

Read More
Business Economy International

Africa Investment Forum showcases $1.475 billion in green and renewable energy deals at African Development Bank 2023 Annual Meetings

post-image

The Africa Investment Forum presented four renewable energy and sustainability projects worth nearly $1.5 billion to investors on the sidelines of the African Development Bank Group’s (www.AfDB.org) 2023 Annual Meetings.

 

The curated projects, which are drawn from all of Africa’s regions, are sourced from the Africa Investment Forum’s pipeline. They reflect gathering urgency in Africa, the world’s most vulnerable region to climate change, to accelerate climate action, including closing financing gaps by securing an ever-increasing share of global capital for the continent.

The African Development Bank’s 2023 Annual Meetings are being held under the theme, Mobilizing Private Sector Financing for Climate and Green Growth in Africa.

The investment roundtable, held in Sharm El Sheikh, attracted a range of private investors, including venture capital and private equity firms.

From hydropower to plastic recycling green projects showcase ample opportunities on the continent

The transactions included a hybrid hydrogen feedstock/ ammonia project in…

Read More
Business Economy Environment

HINEN Unveils “Bring the Sunshine at Night” Energy Solution at Solar Africa Expo 2023

post-image

The Solar Africa Expo 2023 ended perfectly. HINEN (www.Hinen.com) achieved great success at the exhibition with the innovative concept “Bring the Sunshine at Night”, generating the sunshine and storing it in the battery system in the daytime, then outputting solar power at night.

 

During the exhibition, what drew people’s great attention was HINEN’s 3000W Portable Power Station PS3000

During the exhibition, what drew people’s great attention was HINEN’s 3000W Portable Power Station PS3000, which could totally replace small diesel generator sets, the savour for home users and small business owners.

As a whole-chain energy storage company, HINEN also showcased its latest solar energy solutions, which included LiFePO4 battery cell production and recycling, small storage systems, home battery systems, and C&I storage systems.

 

HINEN is actively establishing relationships with distributors and partners in Kenya, South Africa, and Nigeria to expand the practicality and impact of its energy…

Read More
Business Economy Investments Security Society

Spyware attacks on organisations in South Africa, Kenya and Nigeria increased in Q1 2023

post-image

As discussed during the recent Kaspersky Cyber Security Weekend – META 2023 (www.Kaspersky.co.za), for the first quarter of 2023 (Q1 2023) the share of users attacked1 with spyware in South Africa, Kenya and Nigeria increased steadily. Kaspersky recorded an increase of 18,8% in South Africa, 12,9% in Kenya, and 14,6% in Nigeria from Q4 2022 to Q1 2023. Spyware continues to be a threat to users of different types of devices, including thin clients.

 

Thin clients are used in corporate networks around the world to set up workspaces at a much lower cost than when using traditional laptop or desktop computers (thick clients). A thin client on a traditional operating system (OS), Linux or Windows-based, could potentially be targeted by different types of attacks, including spyware. A compromised thin client could serve as an entry point to the corporate network, and it could be used to…

Read More
Business

Microsoft Airband to Connect nearly 40 Million People across Latin America and Africa (By Vickie Robinson)

post-image

By Vickie Robinson, GM, Microsoft Airband Initiative (https://www.Microsoft.com)

 

Today, we’re announcing new and expanded Airband partnerships set to provide high-speed internet access to nearly 40 million people across Latin America and Africa. These partnerships in Brazil, Chile, Colombia, Guatemala and Cote d’Ivoire, Kenya, Nigeria, Tanzania and Uganda mark significant progress in our commitment to extend high-speed internet access to 250 million people living in unserved and underserved areas around the world, including 100 million in Africa.

 

Across both Latin America and Africa, limited access to broadband can mean that people have fewer opportunities to develop the digital fluency and skills needed to participate in the digital economy.

 

At Microsoft, we believe that internet access and meaningful connectivity is a fundamental right. The Microsoft Airband initiative was launched to bring transformative connectivity to unserved and underserved communities around the world. Through the Airband initiative and its partners, Microsoft is…

Read More