‘Why There May Never Be End To Govt’s Waste Of Resources’ - NIM President
Instances of government’s waste of resources abound all over Nigeria. From white elephant projects to alarming overheads by government agencies and functionaries.
Many solutions have been advanced to no avail, the recent being clamour for restructuring.
But a university don and President, Nigeria Institute of Management, NIM, Professor Olukunle Iyanda told Bounce News in an interview that it would be difficult to have effective resource management in Nigeria because of the flawed process of hiring public sector managers.
He said: “In the public sector, we have had very serious problems. This is because the public-sector survival is not based on efficiency or effectiveness. It is a political consideration and as a result, we have had wastages of resources in the public sector.
“In the private sector, you are evaluated on the basis of your performance and you are evaluated by people who are competent and knowledgeable, perhaps even more knowledgeable than you in the area of your operations.
“So, you are given a continuous tenor, if you are doing well; if you are not, you are fired.”
But he decried that in the public sector the reverse is the case as mediocrity is celebrated and enthroned.
“In the public sector, the managers are elected by people who may not even know the jobs that they are to do. We know that in this country, we have a literacy level that is less than 40%.
“The majority 60% who dictate who is going to be manager of public resources don’t know what the job is about. And their criteria of selection are quite different and not related to productivity or effectiveness.
“That is why we have problems there because the people who manage resources are selected by people not using the criteria related to the job they are doing,” he added.
According to him, the fact of conflict of interest in resources management also makes it impossible to ensure effective management.
He said: “In the private sector, the employees don’t determine how much of the resources generated or mobilized that they consume. It is again dictated by those who are higher stakeholders.
“Meanwhile, in the public sectors, these people are the ones who determine how much resources they will devote to the services of the people and how much they will keep for themselves. That is why today, nobody knows what our senators earn.”
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