Former Deputy Governor of the Central Bank of Nigeria, Professor Kingsley Moghalu, has advocated for consistent citizen response and engagement, urging Nigerians to wake up to their responsibilities by taking action to elect better leaders rather than keep complaining about the leadership of the country.
Moghalu, who is a global leader with contributions to the stability and wealth of nations, societies and individuals across such domains as Academia, Economic Policy, Banking and Finance, Entrepreneurship, Law, and Diplomacy, is also a Professor of International Business and Public Policy at The Fletcher School of Law and Diplomacy at Tufts University in Massachusetts, United States of America.
Speaking in an interview, the economic expert said that Nigerians have contributed to the leadership crisis facing the country. He emphasized that the country, with an intensive push by its citizens, needs technocratic leadership with the knowledge, experience and the global network base that can address practical problems.
Moghalu said, “There is no other solution to the leadership deficit in Nigeria than a fundamental citizen response, and we need citizen action and responsibility to hold leadership accountable.
Broadly speaking, we don’t have good leaders in Nigeria because our democracy is all politics and no leadership. Politics is used to entrench vested interests, where people are either just ethnic irredentists or godfathers trying to get returns on their political investments.”
While Professor Moghalu was Deputy Governor of the Central Bank of Nigeria from 2009-2014, he led the execution of extensive reforms in the Nigerian Banking System after the global financial crisis.
“We have 29 million Nigerians unemployed; 10 million children out of school, which is the highest in the world. Nigeria is 187 out of 189 in the global health systems’ ranking of the World Health Organisations – these are practical problems that need to be solved.
“If our leaders are those who have spent their political careers distributing bags of rice or hiring thugs, how can they address these problems?” said Moghalu.
Moghalu also emphasised the importance of Leadership Training and empowerment of citizens with the knowledge to demand for their rights.