Aare Afe Babalola, SAN, the founder of Afe Babalola University Ado-Ekiti (ABUAD), has criticised the extravagant severance packages for politicians in the nation and suggested that National Assembly members instead receive sitting allowances rather than salaries because they impede growth and development.
The founder of ABUAD claimed the current office holders should not be allowed to have foreign accounts at the 63rd annual general meeting of the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA), which was hosted on the university’s campus.
Babalola requested NACCIMA not to remain silent about the country’s current woes and encouraged the organisation to form a committee to look into how foreign loans accrued by previous administrations were disbursed. He questioned why the organisation had chosen to remain detached from the nation’s debt.
The governor of Ekiti State, Biodun Oyebanji, advised NACCIMA members to invest in the state by utilising the attractive investment prospects.
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As part of the incentives for potential investors, Oyebanji claimed that Ekiti has taken proactive measures by passing laws to encourage private sector involvement in infrastructure, education, agriculture, and the health sector. These incentives include the streamlined tax payment process and easy access to land, among others.
Additionally, Niyi Adebayo, a former minister of trade and investment, said that the previous administration had made strides in the fields of agriculture, health care, and the fight against corruption. He added that this was the first time an investment policy had been developed and approved for the nation.
