Wednesday, January 09, 2019 06.00PM /
Nifemi Taiyese for Proshare WebTV
AigbojeAig-Imoukhuede former MD/CEO of Access Bank Plc and erstwhile President of the Nigeria Stock Exchange (NSE) at a special business session of the Association of Securities Exchanges in Africa, ASEA, explained why Africa must invest in capacity development in the public sector.
Imoukhuede who is the founder and Chairman of the African Initiative for Governance, pointed to the need for viable policies that will create an enabling environment for businesses to thrive on the African continent.
He was of the view that African Policy makers should serve as enablers of businesses and enterprises by firmly addressing the issues of red-tape and bureaucratic loops associated with registration processes.
Referring to a recent study he conducted, Aig-Imoukhuede discovered that around the mid- 70s, Africa suffered a massive drain of investment in human capacity development in the public sector.
He regards himself as a product of investment in the private sector, which on the other hand has experienced a large amount of investments in capacity building.
According to him “As Africans we cannot continue to live in a continent with low investments in the human capacity of the public sector, because it will inhibit growth”.
The former banker acknowledged the fact that Rwanda is one example of a country in Africa, that has advanced on a broad scale because of public sector reforms and human capacity development.
He said the government of Rwanda has demonstrated commitment to improving the business environment, through enabling laws and policies.
Speaking on the Africa Initiative for Governance, Aig-Imoukhuede said it was all about building capacity in public service.
The AIG initiative is embarking on the following programmes in 2019;