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    HomeNewsPolitics & GovernanceGovt lacks concern for the poor — Atedo Peterside

    Govt lacks concern for the poor — Atedo Peterside

    *Slams cash transfer policy *As Okonkwo urges cut down on govt's spending

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    In a scathing critique, Atedo Peterside, founder of Stanbic IBTC Bank Plc, has accused the federal government of neglecting the poor, citing a botched cash transfer policy that lacks transparency and verifiable data.

    Peterside, who spoke to newsmen as chairman of the 23rd edition of Mike Okonkwo’s Annual lecture held at Shell Hall, Muson Center, Onikan, Lagos Thursday, urged the government to overhaul its social safety net program to ensure it truly benefits vulnerable Nigerians.

    He said: “The people that I am particularly worried about in this country are the poorest of the poor and we do not even have any proper arrangement for identifying them and doing cash transfers to them. Instead, what happens is that some authorities, or some ministries or some agencies collect money on their behalf and dispense it to whoever they want and whoever they like. It is not even transparent!

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    “So, it is important to get people to buy into the reform of the economy where you have no proper arrangements to provide some minimal safety net for the poorest of the poor.

    He lamented bad behaviours by leaders as bane for development, adding that people must eschew bad conduct.

    “You cannot use bad behaviour to correct bad behaviour. Then you are as bad as the person you are correcting. If in an election you are my opponent and you are changing figures, hiring thugs and beating up voters, if I do the same to beat you, then what have I achieved? We are back to square one,” he said.

    Okonkwo urges cut down on govt’s spending

    The chief host and celebrant, the Presiding Bishop of The Redeemed Evangelical Mission (TREM), Dr Mike Okonkwo called on President Tinubu to have empathy with the masses, while stressing that the recent hike in the pump price of petrol from about N600 per litre to N855 and above is challenging for Nigerians.
    The hike in pump price is a challenging period because it appears everything is going higher and higher. As I often say, the present administration, unfortunately, inherited a terrible thing on the ground and people should not expect overnight change. It is not going to change overnight.

    What they inherited, if the truth is to be told, is a very poor economy. The economy was already on the floor before they took off. But the challenge Nigerians are facing is that the government should be seen to have empathy with the masses. They have to cut down on their excesses. You cannot be telling Nigerians, ‘O things are hard’ and fuel prices are increasing, electricity cost is increasing, everything is increasing, and then you are enjoying luxury. So it will be difficult to reconcile it. That is the problem we are facing!

    My advice is that the government should be seen to cut down the cost of governance so that Nigerians can agree with them. Otherwise, it will be challenging to agree with whatever they are saying because whatever they are saying is contrary to their lifestyle.”

    From left: Prof Akachi Ezigbo, Chief Examiner, Mike Okonkwo Annual Essay Competition; Femi-Lawal Nora of Chrisland High School, Lekki, 2nd position; Atedo Peterside, Chairman of the event; Bishop Mike Okonkwo, Founder The Redeemed Evangelical Mission, TREM, Celebrant; Olaoye Flourish of Christ the King Int’l School, 1st position; Dr, Peace Okonkwo and Olayimika Esther Durotimi of Corona Secondary School, Agbara, 3rd position during the 23rd Mike Okonkwo Annual Lecture and Presentation of Prizes to winners of the Essay Competition to mark the 79th birthday anniversary of the Bishop Okonkwo held at Shell Hall, Muson Center, Onikan, Lagos Thursday.


    He urged the federal government to convince the organised labour not to embark on strike again, through good governance, delivery of dividends of democracy and prudence in management of public resources.
    “The Labour issue is a complex situation. If the government is saying to labour, you should not go on strike, then show them, let there be a sign that you are also willing to cut down (cost of governance).
    You are not willing to cut down the cost of governance and you are telling labour to accept the situation the way it is. It will be difficult. It will be tough for anyone to accept that,” Okonkwo said.

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