Adopt Policies Boosting Industrial Growth, Don Urges Tinubu

A strategic management expert, Prof. Nuhu Dogara Gado, has called on President Bola Ahmed Tinubu to urgently implement investor-friendly policies that can reposition Nigeria’s industrial sector for sustainable growth.

Speaking at the 10th inaugural lecture of Bingham University, Karu, themed “Strategic Management of Nigeria’s Industrial Sector and Economic Development: From Dumping, Slumping to Japa Syndrome,” Prof. Gado warned that industrial development will remain stalled unless the federal government dismantles structural obstacles discouraging both local and foreign investment.

Prof. Gado, a former Dean of the Faculty of Administration at Bingham University, Karu, Nasarawa State, said Nigeria must create an environment where foreign investors can confidently bring in capital and repatriate funds without undue restrictions. According to him, this remains a major barrier to the industrial expansion the nation urgently needs.

He identified the provision of critical infrastructure—such as roads, power, water, land, and communication networks—as central to building a competitive manufacturing sector. He stressed that inconsistent policies, bureaucratic bottlenecks and infrastructural gaps continue to undermine confidence in Nigeria’s business climate.

Outlining strategic steps required to revive the sector, he recommended: Formulation of consistent, investment-friendly policies that guarantee free inflow and outflow of capital; Promotion of export-oriented industries through improved funding and quality enhancement to meet global standards; Accelerated infrastructure development targeting industrial needs; A more enabling business environment anchored on contract sanctity, merit-based competition, and stable interest and exchange rates; Strengthening of institutions such as the Bank of Industry, Bank of Agriculture, and Nigeria Export-Import Bank through transparent management and measurable performance indicators; Enhanced support for MSMEs, particularly through credit access and market linkages; Improved competitiveness by raising product quality and lowering production costs; Strategic reinvestment of profits for long-term industrial sustainability, and Promotion of transparency and accountability to curb corruption and ensure effective policy implementation.

Prof. Gado cautioned that policy reforms will remain ineffective if corruption and weak governance structures continue to undermine implementation across critical sectors.

In his remarks, the vice-chancellor of Bingham University, Prof. Haruna Ayuba, described the lecture as timely, noting that the theme addresses essential issues shaping Nigeria’s economic trajectory. He commended Prof. Gado for his scholarly contributions and his deep insights on how strategic management can help Nigeria overcome its industrial and financial challenges.