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Former NIMASA Boss Dakuku Peterside Shares Blueprint For Reviving Nigeria’s Real Sector
Former NIMASA Boss Dakuku Peterside Shares Blueprint For Reviving Nigeria’s Real Sector....KINDLY READ THE FULL STORY HERE▶
In major urban centers across Nigeria, a considerable number of manufacturing companies have departed due to significant disincentives in the business environment. Even more concerning, the prospect of additional departures looms large.
Nevertheless, Dakuku Peterside, former head of the Nigerian Maritime Administration and Safety Agency (NIMASA), has put forth a series of measures the Federal Government could adopt to rejuvenate the country’s real economy.
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In his statement, Peterside emphasized:
“To combat de-industrialization and promote industrial growth, Nigeria must undertake comprehensive economic reforms aimed at catalyzing investments in critical infrastructure, fostering stable and supportive governmental policies, implementing a degree of creative protectionism to safeguard local industries, facilitating access to affordable capital, and pursuing diversification of the economy away from heavy reliance on oil. Encouraging the expansion of the manufacturing sector is paramount for job creation, reducing dependence on imports, and attaining sustainable economic development in the nation. The path to industrialization is not insurmountable. Other countries facing more adverse conditions than Nigeria’s have successfully traversed this path, and we can emulate their success. It is a fundamental human endeavor to study the experiences of others, learn from them, and adapt their lessons to suit our unique circumstances.
Nigeria has no alternative but to embrace industrialization. Production serves as the cornerstone of progress. Local production and consumption of our goods, as well as the exportation of goods and services to the global market, can help address the issues stemming from poverty and unemployment.
De-industrialization represents an existential challenge, and we must take every possible measure to counteract this trend and usher in a period of extensive industrial growth. It is imperative that we critically assess the most effective strategies for industrialization, with the collective effort of all stakeholders required to achieve this goal.”
Abia State Governor, Alex Otti, has reaffirmed his administration’s commitment to partnering with investors to drive development and generate employment opportunities across the state.....KINDLY READ THE FULL STORY HERE▶
The governor made the statement at the Government House in Umuahia during the signing of a Memorandum of Understanding (MoU) for the development of the Aba Commercial Smart City, a project expected to create about 125,000 jobs.
Represented by his Chief of Staff, Caleb Ajagba, Otti said the project would transform Aba and the wider Abia State into a major industrial hub, fostering sustainable economic growth and large-scale job creation upon completion.
He emphasized that his administration prioritises the creation of quality employment over handouts, noting that meaningful jobs remain the most effective way to empower youths and citizens.
The governor also called for sustained public-private sector collaboration in the state’s development, citing the recent achievement of 90 days of uninterrupted power supply in Aba as a product of effective partnership between the government and private investors.
Speaking on the project, the Manager of Technical Services for Aba Commercial Smart City, Mr. David Okoro, disclosed that the development would occupy 140 hectares of land in Osisioma and generate 25,000 direct jobs and 100,000 indirect jobs for residents of Abia State.
Ten inmates of the Old Abeokuta Custodial Centre in Ibara, Ogun State, have secured free admission into Yewa Central College of Education to study various academic programmes.....KINDLY READ THE FULL STORY HERE▶
The beneficiaries, made up of seven males and three females, were admitted into courses including English Language/Social Studies, Economics/Social Studies, Political Science/Social Studies, Business Education, Physical and Health Education, Economics/Political Science, and Economics/Computer Science.
Speaking at a matriculation ceremony held within the correctional facility on Friday, the Provost of the College, Dr. Mary Bamgbose, formally welcomed the inmates into the 2025/2026 academic session and urged them to maintain good conduct.
She described the inmates as reformed and expressed confidence that they could become positive representatives of the institution after regaining their freedom.
“Today, 10 inmates who have been corrected and reformed are being matriculated into Yewa Central College of Education. As you begin this journey on February 6, 2026, I urge you to conduct yourselves properly,” Bamgbose said.
“As God is showing you mercy through this opportunity, I believe you can one day serve as good ambassadors of our college outside this system,” she added.
Speaking on behalf of the new students, Peter Adike expressed gratitude and pledged that, despite their incarceration, they are determined to make the opportunity count.
However, he noted that they still face challenges accessing essential learning resources such as teachers, textbooks, and classroom furniture.
Lagos State Governor, Babajide Sanwo-Olu, has reflected on the lasting legacy of former Nigerian Head of State, General Murtala Ramat Muhammed, describing his leadership as a moral benchmark for public service, fifty years after his death.....KINDLY READ THE FULL STORY HERE▶
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