Asiwaju Tinubu endows N1bn Leadership Centre at LASU, says Nigeria’s economic situation worrisome

All Progressives Congress (APC) National Leader, Asiwaju Bola Ahmed Tinubu on Thursday delivered the Lagos State University (LASU), convocation lecture titled: “Global Trends: Nigeria’s Rightful Place in the World.”

Katsina State Governor, Aminu Bello Masari chaired the lecture.

Delivering the 25th convocation lecture, Asiwaju Tinubu dissected the contemporary challenges bedevilling the country and offered what could be done to place her on the path of irreversible growth and greatness.

The APC national leader, represented by Lagos State Deputy Governor, Dr. Obafemi Hamzat, described Nigeria as a nation “endowed with features of greatness”, but has remained locked in a place.

Asiwaju Tinubu said the country remained an economy unjustly designed to export raw materials and import increasingly expensive finished products.

The frontline politician said the political class must truthfully acknowledge the lapses and must be bold to make corrections, rather than vilifying one another for the present challenges bedevilling the country.

He said: “Nigeria’s GDP per capita ranked as 17th in Africa and 131st in the world. According to the World Bank, we are the 7th most populous nation as at 2020. But, our economic ranking was not commensurate. One does not have to be a genius in mathematics to know the difference between 7 and 131.

“Our lack of sustained dynamic economic growth does not lend itself to social stability. Economic slowness and destitution place great pressure on people to migrate in search of opportunities. But too much migration too fast and too unimagined results in people competing and contending against one another on dwindling arable land, which undermines social harmony.

“We need a new, more convivial way. A way that will give us the right start at a fair chance for durable prosperity. A large urban population needs a strong manufacturing and industrial base. If not, we invite unemployment, crime, hunger and poverty to become chronic and severe. We must better link formal education with the skills and expertise our business community seeks in modern times.”

Tinubu told the LASU graduands that the occasion of their convocation presented an opportunity for them to play vital roles in changing their immediate communities, their states and the nation for the better.

The former Lagos State governor asked them not to underestimate the importance attached to their respective roles, stressing that the conferment of degrees in various disciplines had placed them on the forefront of an enlightened march that demanded for their passion, knowledge, talent and energy.

To deepen the culture of civic engagement among young people, Tinubu donated N billion endowment fund to establish the Centre for Leadership Development in the university.

The Centre is to groom aspiring leaders and train human capital for leadership positions.