{"id":5538,"date":"2021-03-14T21:01:46","date_gmt":"2021-03-14T21:01:46","guid":{"rendered":"http:\/\/adelekeuniversity.edu.ng\/?p=5538"},"modified":"2021-03-14T21:01:46","modified_gmt":"2021-03-14T21:01:46","slug":"adeleke-universitys-10th-anniversary-lecture-delivered-by-by-dr-alex-otti-ofr","status":"publish","type":"post","link":"https:\/\/adelekeuniversity.edu.ng\/adeleke-universitys-10th-anniversary-lecture-delivered-by-by-dr-alex-otti-ofr\/","title":{"rendered":"ADELEKE UNIVERSITY’S 10TH ANNIVERSARY LECTURE DELIVERED BY BY DR. ALEX OTTI, OFR."},"content":{"rendered":"\n

The ability to extract maximum value from resources while creating minimum waste is a<\/em> profitable<\/em> skill <\/em>to<\/em> have.\u201d<\/em>
\u2015 Hendrith Vanlon Smith Jr, The Wealth Reference Guide: An American Classic<\/strong><\/p>\n

\u201cNo man is rich, whose expenditure exceeds his means; and no one is poor whose Incomings exceed his outgoings\u201d<\/em> \u2013\u00a0<\/em><\/strong>Thomas<\/strong> Chandler Haliburton (1796-1865)<\/strong><\/p>\n

\"DR.
DR. ALEX OTTI, OFR.<\/figcaption><\/figure>\n

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Preamble<\/strong><\/p>\n

My Igbo origin avails me a plethora of philosophies, wise sayings, and moral values on the foolishness of having too many resources at your disposal while members of your immediate family or constituency suffer the anguish of systemic want. Hence, it is common to hear the Igbo say \u201conye nna ya no na alaeze anaghi aga oku mmuo\u201d, loosely translated to mean that \u201cone whose father is in heaven has no business with hell\u201d, but that is as literal as it could get because a step across the surface of this saying would reveal the misnomer in being a millionaire father of a poor, hungry child. As a child, I grew up to the story of a man named Rufus who happened to be a roofer, that is, he was grounded in the art of fixing roofs. But the irony is that his family suffered whenever it rained because the roof of his own house was dilapidated. It is on that note that my kinsmen, while playing around the man\u2019s name (Rufus) and that of his work (roofer), now designate any man of reasonable means but whose immediate family suffers from lack as \u201cRoofus ulo ya na ehi mmiri\u201d (the roofer with a leaking roof). At other times, they will quip, how can you \u2018Rufus\u2019 when you can\u2019t \u2018roof\u2019 yourself?<\/p>\n

When you liken the above to a more recent and immediate reality, you\u2019d see the Nigerian predicament laid bare, and that informs the reason I have chosen to share with you today, the topic: \u2018Massive Government, Miserable Populace: Cost Of Governance As Economic Growth Decelerator \u2019. There is a sense in which this topic is dear to me; not just in its attempt to unravel the Nigerian governance mystic, but in the fact that followers of my Outside The Box <\/em>column on the back page of ThisDay Newspaper every other Monday would readily attest that this line of discussion captures the very essence of most of my outings there. So, here I am today, standing in your midst, to give you firsthand, a message I shall never be tired of spreading, so long as the endemic rot persists.<\/p>\n

RICH DAD, POOR CHILDREN: NIGERIAN GOVERNMENT\u2019S LEGACY OF IRONY<\/p>\n

Nigeria, no doubt, is a rich country, at the minimum, potentially. I am among those who believe that God must have envisioned the recreation of paradise on earth and as such, went on to create the land we refer to as Nigeria today. How do you explain, in such proportion that could hardly be found elsewhere, the massive deposition of such natural resources as crude oil, zinc, gold, steel, rubber, palm, granite, rich and arable soil for the cultivation of different kinds of crops, abundant water bodies and above all, human resources, by way of talent, academic brilliance, and willingness to work? Suffice it to say that Nigeria has it all. But the irony here is that Nigeria is also a poor country. The World Poverty Clock reports that as at yesterday, Nigeria has 43% of its population or about 90million people living below the poverty line of less than $1.90 per day. Against the background of Nigeria\u2019s much-touted wealth, one is then compelled to ask: What could be the problem? Why are we the poor children of rich parents? Why are we the unfortunate dwellers in the hellhole of excruciating poverty while our parents live lavish in the paradise of excess wealth and affluence?<\/p>\n

Download the full paper<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":5541,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[],"yoast_head":"\nADELEKE UNIVERSITY'S 10TH ANNIVERSARY LECTURE DELIVERED BY BY DR. ALEX OTTI, OFR. - Adeleke University<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/adelekeuniversity.edu.ng\/adeleke-universitys-10th-anniversary-lecture-delivered-by-by-dr-alex-otti-ofr\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ADELEKE UNIVERSITY'S 10TH ANNIVERSARY LECTURE DELIVERED BY BY DR. 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