• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Sunday, August 24, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Economy: Varsity Don Tasks FG On Fiscal Reforms

by Iniobong Ekponta
10 months ago
in Education
Fiscal Reforms
Share on WhatsAppShare on FacebookShare on XTelegram

A University of Uyo (UNIUYO) Professor of Economics, Emmanuel Onwioduokit, has expressed fears over the wobbling and tumbling economy of Nigeria, warning that unless the federal government summoned enough courage to fight corruption, wanton fiscal indiscipline pervading the system will continue to fester with attendant humanitarian impacts.

Advertisement

He proffered this at the 3rd in a series of Public Lectures tagged “Fiscal Indiscipline and Public Sector Accountability in Nigeria” at the Onyema Ugochukwu Hall of the Town Campus, Ikpa Road, Uyo, the Akwa Ibom State capital.

Prof Onwioduokit, a former commissioner for economic development in the state and the guest lecturer, blamed the problem on “overspending, inefficient resource allocation, and disregard for sound fiscal principles, thereby creating fiscal imbalance manifesting in budget deficits, rising debts, inflationary pressures, and unsustainable policies.”

According to him, weak budgetary management in Nigeria is added to this, which he described as the chief driver of fiscal indiscipline, constantly threatening the nation’s economic stability.

He pointed out that “corruption, inadequate checks and balances, and the desire to meet political objectives continuously exacerbate fiscal indiscipline, resulting in high inflation, excessive debt, and dwindling investor confidence, all compromising the country’s long-term capacity to address development challenges.”

RELATED

The Enterprise Development Centre Partners With International Energy Insurance To Enhance SME Support

Entrepreneur Urges Youths To Embrace Skills Acquisition

1 day ago
Sokoto SUBEB New Board Assumes Office

Bauchi SUBEB Tasks Communities On School Enrolment

1 day ago
ADVERTISEMENT

While expressing disgust over Nigeria’s attitude toward borrowing funds to finance recurrent expenditures like salaries and subsidies instead of capital projects to generate long-term returns, the economist noted that “borrowing can only stimulate growth if directed towards productive investments that align with broader public interests.”

Therefore, he proffered that “to combat fiscal indiscipline, it would be crucial to improve institutional frameworks and strengthen anti-corruption measures in the country by enforcing public audits, performance evaluations, and civil society engagement to provide checks on government actions.”

“Fiscal discipline and public sector accountability are essential for Nigeria’s economic stability and sustainable growth, as strengthening accountability will curb corruption, enhance resource management, and promote efficient allocation of funds toward projects that drive developments,” he stressed.

ADVERTISEMENT

He commended the Dean of the Faculty of Management Sciences of the institution, Prof. Uduak Ubom, for granting him the opportunity to x-ray and articulate the issues of fiscal mismanagement and the need for robust public sector accountability, which, when sufficiently tackled, remain central to Nigeria’s socio-economic progress.


Join Our WhatsApp Channel

Nigerians can now earn US Dollars monthly by acquiring domains cheaply and reselling for profits up to $18,000 (nearly ₦30Million). Beneficiaries include professionals, entrepreneurs, civil servants and more. Click here to start.


Tags: Uniuyo
SendShare10169Tweet6356Share
ADVERTISEMENT
Previous Post

Yar’Adua Foundation Rallies CSOs On Energy Transition In Niger Delta

Next Post

Blind, Visually Impaired Person Are Also Human – Leader

Iniobong Ekponta

Iniobong Ekponta

You May Like

The Enterprise Development Centre Partners With International Energy Insurance To Enhance SME Support
Education

Entrepreneur Urges Youths To Embrace Skills Acquisition

2025/08/23
Sokoto SUBEB New Board Assumes Office
Education

Bauchi SUBEB Tasks Communities On School Enrolment

2025/08/23
ASUP Gives Federal Gov’t 15-Day Ultimatum To Reverse Service Scheme
Education

ASUP Faults NBTE’s Outsourcing Of Poly Accreditation Teams

2025/08/23
Students Hail Impact Of Loan Programme
Education

NELFUND Loans Restricted To Academic Session

2025/08/22
Bauchi SUBEB Debunks Alleged Dearth Of Teachers
Education

Delta SUBEB Enrols 2,000 Out-Of-School Children

2025/08/22
Cross River To Train 12,000 Teachers
Education

Cross River Begins Crackdown On Illegal Schools

2025/08/22
Leadership Conference advertisement

LATEST

Nigeria Police Deport Wanted Chinese Gang Leader

Igboho Apologises To Alaafin Over Comment At Ooni’s Palace

Anambra’s Nonye Soludo Wins ‘Humanitarian First Lady’ Award 2025

Wang Yi’s Visit To Delhi Signals Strategic autonomy to US

NDLEA Arrests Widow With Fake Pregnancy Stuffed With Cocaine

Victor Boniface Returns To Bayer Leverkusen After Medical Tests In Milan

367,000 PVCs Uncollected In Kano, Says INEC REC

‘Broke Retired Players Should Be Jailed’, Says Ex-Super Eagles Player Ideye

4 Dead, 41 Rescued In Sokoto Boat Mishap – NEMA, SEMA

Reps Query NERC, Others Over Disbursement Of N59bn Metering Fund

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.