The New Nigeria Development Company (NNDC) has launched a strategic review of its operations and investment performance through a two-day Board and Management retreat that began Wednesday in Abuja. Chairman Alhaji Lamis Shehu Dikko stated the company's financial outcomes have not matched its potential despite over seven decades of existence and a diverse portfolio. The NNDC, owned by 19 Northern states, operates in sectors including agriculture, real estate, solid minerals, oil and gas, and hospitality. Dikko described the retreat as a platform to assess strengths and shortcomings, redefine the business model, and establish measurable outcomes. He emphasized a new strategy focused on disciplined capital allocation, clear direction, and consistent leadership. The event includes contributions from external experts, including former financial sector leaders such as Dr. Suleiman Ndanusa, Mohammed Kari, Mohammed Hayatudden, Aliyu Suleiman, and Mrs. Kemi Babalogbon. CEO Shehu Mai-Bornu affirmed the need for transformation to align the company with its original goal of driving industrial development in the North. KPMG Professional Services is facilitating the retreat.
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