Ndubuisi Francis in Abuja
The Chairman, Heirs Holdings LimitedÂ UBA Plc Mr. Tony Elumelu has been conferred with the Fellowship of the Nigerian Economic Society (NES).
The conferment, which took place at the NESâ€™ 58th annual conference in Abuja was in recognition of Elumeluâ€™s contributions to economic development.
In his remarks, Elumelu, who was He was honoured alongside the Emir of Kano, MuhammaduÂ SanusiÂ II and Prof. Essien Okoh of the University of Benin, said the National Assembly must be held accountable to pass progressive bills that will impact positively on the economy.
He noted that there were a lot of things that needed to be done to unlock economic prosperity, adding that required pieces of legislation to happen.
He noted that the impact of the Asset Management Corporation of Nigeria (AMCON) was an example of what good legislation can do.
â€œWe need to hold the National Assembly accountableâ€ he said adding that there are low hanging fruits but we need enabling legislations to pluck them.
â€œWe need to encourage the national assembly but hold them accountable. We need the national assembly to help us pass progressive bills to help our country,â€ he said.
He also tasked the NES to begin to lead the way by shaping public discourse and policy for the good of country.
According to him, if the NES could get the government in shaping public polices either through the National Assembly or the executive, economic growth would be guaranteed
Also speaking at the event, the Emir o Kano Alh.Â MuhammaduÂ SanusiÂ II said there are certain decisions that have adverse economic consequences on the economy.
He lamented the constitutional provisions of each state producing a minister, each state having a certain number of legislative seats at the federal, states and local governments, several other political appointments that come with a lot of overheads.
He added that these were a burden on the economy and wondered if all of those positions were necessary to make the economy grow.
He said if Nigeria did not address some of the social, and political decisions, it may likely not experience the growth it desires.
The former CBN governor also advocated for states to tap into their resources to deepen their economies rather than rely on the federal government.
The emir also advocated for education in local languages also more Nigerians can be educated in at least the three major languages of Hausa, Ibo, and Yoruba and Arabic.