The Untapped Role of Civil-Servants at Revamping Ilorin Emirate Economy

Abstract

Focus of the work is on how to integrate indigenous civil-servants into the community development efforts of a community development association, IEDPU in order to develop the Economy. The study reviewed some theoretical, divine and empirical works and used them to formulate a One-By-One (1X1) financial approach of promoting economic growth and development of Ilorin Emirate Economy. It assumed and tabulated a situation where certain sum of money can be given out as interest-free loans to a particular set of civil-servants and this would enhance their investment capacity, generate more jobs, output, consumption, trade, income, savings and new set of investment opportunities which are symptoms of economic growth and development. It explains the likely limitations and remedies of (1X1) approach and discovered that Emulable Circular Flow of Wealth is practicable and sustainable in the Less Developed Countries. The results suggested the need for the civil-servants to be up and doing and government, employer of civil-servants to continue to guarantee the loans given to civil-servants by the community development associations. This would create more conducive investment climate and labor bank that would improve the infrastructural and social base of the economy to boost credit creation efforts of the host community and promote sustainable growth and development.

DOI: 10.5901/mjss.2013.v4n6p515