Kingsley Moghalu, a former presidential candidate in Nigeria, has urged Nigerian government officials to strengthen the country’s institutions.
The renowned economist, who contested on the platform of the Young Progressives Party in the 2019 presidential election, made the call in a social media post.
The former deputy governor of the Central Bank of Nigeria emphasised the significance of robust institutions in the development and progress of a nation.
He also underscored the importance of professional, strong, and functional institutions, stating that they are the building blocks of great nations.
“Great nations are made by great institutions. Institutions that are professional, strong in and of themselves, and work. The day we stop seeing institutions as ‘prizes’ to be ‘captured’ for personal, sectarian or other agendas will be our second Independence Day!”
He noted that when institutions are compromised or undermined for personal gain, it can have detrimental consequences for a nation’s stability and development.
He encouraged a broader perspective on the importance of institutional integrity and functionality, suggesting that when institutions can operate independently and effectively, it can be a significant milestone for a nation.
Giving examples of such strong institutions at the global level in another post, Moghalu wrote:
”Think about the Supreme Court of the United States, the FBI, the Federal Reserve Bank and the Bank of England, the Israeli Mossad, and even South Africa’s Public Protector.”