BY ABDULAZIZ BUBA, SEPTEMBER 23, 2025 | 05:41 PM
Prof. Babagana Umara Zulum, Governor of Borno, has reaffirmed the commitment of the Northern Governors’ Forum to reposition the New Nigeria Development Company Limited (NNDC) as a viable platform for regional economic growth.
Gov. Zulum gave the assurance after he was inaugurated as the chairman of the company's restructuring /revitalization committee on Monday in Kaduna.
The committee members include governors of Kwara, Zamfara and Plateau.
According to Gov. Zulum, NNDC, which has been moribund, will be repositioned to become a leading development finance institution and will drive the commercial and industrial growth of the 19 northern Slstates through strategic investments.
He recalled that in 2018, the Northern Governors’ Forum constituted a Technical Committee that submitted its report on the need to establish a committee for restructuring of the NNDC.
'Let me first and foremost commend the the Northern Governors' Forum for appointing this very important committee to see that NNDC is back on stream,' Zulum stated.
'This committee under my leadership was set up based on the report of the Technical Committee to ensure smooth execution in line with global best practices,' he added.
Gov. Zulum assured both management and staff of the company that the committee will work tirelessly to restore the NNDC to its full potential, emphasizing that NNDC remains the strongest economic legacy uniting the 19 northern states symbolized by its iconic 10-storey headquarters building in Kaduna, which must be preserved.
He further explained that the committee would not only tackle the company’s institutional challenges but also address staff welfare.
He noted that a feedback mechanism will be created to incorporate staff input in the restructuring process.
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