Governor Muhammadu Inuwa Yahaya of Gombe State, serving as Chairman of the Northern Governors' Forum, has called for a comprehensive reform of the New Nigeria Development Company (NNDC) to position it as a catalyst for economic revival in Northern Nigeria. He made the call at the conclusion of a two-day retreat convened by the NNDC Board and management in Abuja. The retreat focused on assessing the company's current operations and identifying strategic interventions to enhance its impact.
Yahaya emphasized that the NNDC must evolve beyond its traditional role and adopt modern governance structures to attract investment and drive industrialization across the region. He stressed the need for transparency, efficiency, and accountability in the management of the company's resources. The Governor noted that the NNDC holds significant potential to stimulate job creation and infrastructure development if properly restructured.
He urged member states of the NNDC to commit fully to the reform process and align their economic priorities with the company's renewed mandate. The NNDC, established as a regional development finance institution, is owned by 19 northern Nigerian states.
Yahaya pushes NNDC reform while leading a forum of states that have consistently underfunded the very institution meant to uplift their economies. If the NNDC is to drive economic recovery, the same governors calling for change must first account for years of neglect and poor capitalization. Northern citizens deserve clarity on how this new push differs from past declarations that yielded little action. Promises mean nothing without proof of financial commitment from the states involved.
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