Nigeria at verge of great devt, says TEXEM boss
02 January 2025 |
4:30 am
Nigeria is at the verge of great development in 2025 with the visionary leadership of the current administration, says an economic expert, Dr Alim Abubakre.
Nigeria is at the verge of great development in 2025 with the visionary leadership of the current administration, says an economic expert, Dr Alim Abubakre.
Abubakre, Founder of TEXEM, UK and senior lecturer at Sheffield Business School, disclosed this to the News Agency of Nigeria (NAN) in Abuja, yesterday.He said the measures taken by President Bola Tinubu had shown prospects of improving the economy and moving the nation towards a new economic renaissance, stressing that the potential of the country needed visionary leadership at all levels to achieve the Renewed Hope Agenda of the administration. He suggested a number of steps that must be taken to sustain the tempo of the agenda for the benefit of citizens.
“Nigeria has the critical ingredients of a remarkable success story: vast natural resources, an energetic and youthful population, a dynamic entrepreneurial scene, and strategic influence in Africa.
“Translating these advantages into real-world prosperity, however, hinges on systematic efforts to quell insecurity, modernise infrastructure and eradicate corruption.
”When trust in institutions grows, communities become safer and talents are harnessed in service of progress, the nation stands on the cusp of a profound transformation,” he said.
Abubakre said the localisation of global best practices would assist in attracting foreign direct investment and improving infrastructure and security. He said other countries that had faced similar economic trends facing Nigeria.
“By adopting the lessons of Rwanda, Colombia, India, Indonesia and other nations, while calibrating them to Nigerian realities, leaders can build genuine momentum for change.
“Diversifying beyond oil secures economic stability. Fostering youth entrepreneurship creates pathways out of poverty and channels youthful zeal into productive endeavours.”
“Modernising infrastructure enables businesses to operate seamlessly, while robust transparency measures rebuild faith in governance. Strengthening human capital fuels, a leap into a globally competitive knowledge economy,” he said.
Abubakre added that under visionary leadership, firmly rooted in empathy, accountability and effective as well as efficient implementation of policies, Nigeria could break free of its historical constraints.
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