The Managing Director/Chief Executive Officer, Enterprise Bank Limited, Mallam Ahmed Kuru, has described high moral values, efficient management, service discipline and culture change in both the public and private sectors of the Nigeria’s socio-political and economic landscape as the panacea for stable growth.
Kuru, in a statement made available to our correspondent on Friday, said, “Although, it takes a lot of hard work and commitment to achieve these virtues collectively and individually, there was no better value the leaders can bequeath to the younger generation in the country than to leave them with the legacies of efficiency of management, quality service, discipline and high moral values.”
He added that all over the world, countries that had experienced and were still going through impressive economic, social and political growths, transparent and sincere leadership styles at all levels as well as high moral standards were those that realised that low morals, poor knowledge, bad leadership or management structures, indiscipline and poor service standards, among other vices, were not the platform for building a stable and programmed economy.
To achieve this in Nigeria, Kuru said there was an urgent need to positively collaborate with other nations with the view to leveraging their advantages and approaching every endeavour from the perspective of enterprise, which he defined as the ability to think of new project ideas and turn them into successful ventures.
The Enterprise Bank boss added, “The primary purpose of establishing an enterprise in the first place is to create value through the production of goods or services that satisfy both domestic consumption and export earnings.
“Besides profit generation for key stakeholders, a successful enterprise is vital to achieving national aspirations in diverse ways: job creation in the economy and employment opportunities for the teeming unemployed, improved living standards of the people, contribution to the Gross Domestic Product growth-rates and wealth creation needs.”
To succeed as a nation, he emphasised that knowledge must be well distributed among firms and people in the country.
“This reality gives impetus to collaboration among enterprises in order to advance industrial know-how on which our future depends. For instance, knowledge needs an update or upgrade. Increasing knowledge intensity of the processes of generating, producing and commercialising new goods and services will make future enterprise collaboration in cost-effective Research and Development and distribution even more desirable,” he added.