Ogun State Governor, Prince Dapo Abiodun says for the impact of donors and philanthropists to be felt, there is need for them to have a deep understanding of the challenges of citizens and come up with detailed strategies with an action plan of addressing them.
Governor Abiodun stated this while speaking at Foreign Investment Network (FIN), Virtual Humanitarian and Philanthropic Roundtable and Award Reception, said people would only participate and take ownership on projects that addresses their concerns.
‘’Private donors and philanthropists must develop an in-depth analysis of projects that will address challenges of the people, and then define a clear vision and detailed strategy. This strategy must include a tool to measure impact”, he explained.
He noted there had been an increase in the number of institutional philanthropy in past years, which included private individuals, corporate entities and families, regretting that there was little impact on the socio-economic development of the country.
The Governor, making reference to the Organisation for Economic, Cooperation and Development (OECD) and Development Assistant Committee (DAC), statistics, said that donors in the last 60 years, had granted a total sum of $502Bn to the Sub-Sahara Africa, which worth over $866Bn in current price, just as the United States Annual Aids rose between 2002 to 2015 from $2Bn to $8Bn, while additional Development Assistant of $89Bn was granted Nigeria, to support her development goals.
He lamented that despite the huge amount, little impact was felt from the receiving population, adding that Ogun State had created a viable development partnership with investors and donors, considering the interest and needs of the people, as projects were situated, not for individuals or group, but the needs of recipients to enable them take ownership, which would guarantee sustainability.
The Governor insisted that the people must be made to participate in the project from inception, while all levels of government should provide an enabling environment for philanthropism to thrive, maintaining that stakeholders needed to explore and introduce regulations to strengthen transparency and accountability in the process.
While informing the audience that the State doors were open to genuine investors, Prince Abiodun called on individuals and organisations, to partner with the government, as the people crave more partnership in education, health and other sectors of the economy.
Press Officer, Office of the Governor