Our Reporter
EXPERTS across different sectors of the nation’s economy have stressed the need for individuals and corporate organisations to uphold high ethical standards, to enable them survive the trying economic times in Nigeria.
Delivering a keynote address on ‘Upholding Ethical Standards in a Challenged Economy’, Tomi Vincent argued that the myriad of challenges, faced in the country, had made individuals and corporate organisations, desperate for survival.
According to him, since times were becoming increasingly tougher, a lot of corporate organisations and individuals had resorted to getting things done through conventional and unconventional means.
The Law, Taxation and Policy lecturer of the School of Media and Communications, Pan-Atlantic University, however expressed the belief that the permanent solution to the challenges plaguing the economy would never be found in indulgence in such unwholesome responses.
“The truth remains that we must make a conscious effort to change the narrative, otherwise economic growth will continue to be a dream.
A veritable way of doing this would be found in the channels of ethical standards,” he argued.
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In his contributions, the Group Chief Executive Officer, Prima Garnet Africa, Mr. Lolu Akinwunmi, attributed the reluctance to uphold ethical standards, by individuals and corporate organisations, in Nigeria, to societal pressure.
“To ward off such pressure, I deliberately made sure I was never a signatory to any of the council’s accounts, while ensuring that due processes were followed in every of the agency’s activities,” he added.
He, however, believed that the enormous benefits inherent in such action quite outweigh the disadvantages.
The Managing Director, Proshare, Mr. Femi Awoyemi, attributed lack of ethics, in most individuals and organisations in Nigeria, to trust deficit.
“We choose what to believe as the truth in this society. We have created a new model of assessing people in the society, and nothing is being questioned. Upholding ethical standards in such society might be a challenge,” he stated.
He, however, commended Rotary District 9110 for coming up with the event, aimed at addressing such environmental challenges and serve as role models for ethical standards in the society.
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