Friday , September 25 2020
Home » Business » Industry/Manufacturing » FG should plan  properly  with covid-19 donations  to achieve better result  – MD, Baobab micro-finance, Olanrewaju

FG should plan  properly  with covid-19 donations  to achieve better result  – MD, Baobab micro-finance, Olanrewaju

By Charles Nwaoguji

Federal government has been asked to plan well  with  the covid-19 donations  to achieve better result  that will be beneficial  to every Nigerian, the Managing Director of Baobab  Micro- Finance Bank, Dr. Kazeem Olanrewaju has said.

According to Dr. Olanrewaju, proper planning would bring a better result. Government should plan with the funds, so that the funds would be used for what it is meant for, by providing medical facilities across the country.

He further  called on the  Federal and State governments to ensure transparency in the management of the funds donated by different groups and institutions towards the management of the coronavirus pandemic.

In an interview with  Skybirdnews Group, recently,  he  urged the tiers of government to ensure the funds are disbursed in an open and transparent manner.

“We appreciate all the contributors and donors in the emergency funds and materials in response to the Coronavirus pandemic. The best that can happen is accountability. No one should be encouraged to profit from the current human misery. We urge all government MDAs and special task force to uphold procurement and operational standards and policies in procurement, awards and payments of services and distribution of materials,” he said.

He noted  that CONVID-19 has exposed the helplessness of millions of poor Nigerians especially in a time of adversary.

He said that  there should be evaluation of governments disbursement and expenditure in the nearest future.

Baobab boss also wants the team of the Coronavirus,  Chaired by Vice President, Yemi Osinbajo, and the Presidential Task Force led by Secretary to the Government of the Federation, Mr. Boss Mustapha, to  be made of season professionals in order to strengthen the mechanism for public accountability and transparency.

He urged the various authorities to allocate resources through tracking of beneficiaries of allocations and distributions through verifiable means and databases.

He explained that many advanced nations are locked down by this deadly Coronavirus. Europe is locked down, China is, America has been and Asia is locking down, adding that the huge economic implications of these lock down is enormous for these nations.

“Back home, we are yet to imagine the  huge economic implications on our fragile and deteriorating  economy which lacks any social welfare for the young, middle-aged, unemployed and old people of the country.”

“Big nations commit huge sums for the cure and treatment of their citizens and also for research purposes. Our budget for the coronavirus is a peanut that is not even enough for a state.

“Nigeria should be ready to tackle any disaster whenever it comes, if we have proper planing in  place. We must not wait till it happens before we act,” he added.

About Editor Charles

Check Also

OPS frown on FG  on increase of  electricity tariff

By Charles Nwaoguji The Organised Private Sector of Nigeria (OPSN) comprising of the Nigerian Association …

How Ibeju-Lekki Youths Reap Benefits Of Dangote Refinery Vocational Training

By Charles Nwaoguji Many indigent youths in Ibeju-Lekki area of Lagos State are now counting …

MAN fault CBN on destination payment for all form ‘ m’ letters of credit

By Charles Nwaoguji The Manufacturers Association of Nigeria (MAN) has faulted Central Bank of Nigeria …

Nigeria may face another recession by Q3 2020 -LCCI

By Charles Nwaoguji The Lagos Chamber of Commerce and Industry, LCCI, has warned that except …

Why we destroyed N450m Substandard LPG Cylinders, Roofing Sheets – SON

By Charles Nwaoguji The Standards Organisation of Nigeria (SON) has destroyed substandard LPG cylinders and …

Leave a Reply

Your email address will not be published. Required fields are marked *

Copyright @ 2018