In the past 44 years, industrialization in most northern states of Nigeria has faced a gradual but steady decline, with numerous private and public companies established by successive governments shutting down.....KINDLY READ THE FULL STORY HERE▶
LEADERSHIP conducted an investigation in 17 of the 19 states in the region, revealing that the hyper-industrialization drive initiated by the late premier of the region, Sir Ahmadu Bello, and sustained by the military administrators/governors under the Gen Yakubu Gowon regime, has not been properly managed by successive administrations….CONTINUE READING
The privatisation policy of former President Olusegun Obasanjo, embraced by many states, was criticized by industry players as the new owners of the privatised companies failed to invest enough capital to sustain the companies, resulting in poor management and operational challenges.
The situation was further compounded by infrastructure decay, harsh operational environment, insecurity, and policy inconsistency. Data shows that in 12 of the 19 northern states, 84 companies have shut down, but the figure could be higher as no data was provided for Kano State, which is the industrial hub of the region.
