NNDC plans overhaul to boost performance, reposition as holding company—Chairman

NNDC plans overhaul to boost performance, reposition as holding company — Chairman

 By Auwal Ahmad Umar

The Chairman of the New Nigeria Development Company, Lamis Shehu Dikko, says the company is embarking on a major restructuring aimed at improving performance and repositioning it as a more efficient holding company.

Mr Dikko spoke on Wednesday at the opening of a two-day board and management retreat held at the Wells Carlton Hotels & Apartments, where stakeholders gathered to review the company’s operations and chart a new strategic direction.

He said the firm would adopt a more disciplined investment approach, driven by clear priorities, prudent capital allocation and stronger execution.

“We will pursue a focused, value-driven portfolio strategy anchored on discipline in execution and consistency in leadership,” he said.

Mr Dikko explained that the retreat was designed to bring together board members, management and external experts to reassess the company’s business model and identify practical steps for reform.

He said the process would also help the company confront its current realities and align its operations with long-term growth objectives.

“For over seven decades, NNDC has played a significant role in driving industrialisation and investment across Northern Nigeria. However, performance across some of our assets has been uneven,” he said.

“Our financial outcomes have not always reflected the scale of our potential. This retreat is an opportunity to turn those reflections into clear decisions and measurable results.”

The Managing Director of the company, Shehu Mai-Bornu, said reforms were necessary to reposition NNDC as a key driver of industrial development in the North.

He noted that the company must evolve in response to changing economic realities while staying true to its founding vision.

The retreat is being facilitated by KPMG Professional Services and has attracted participants from across the financial and corporate sectors, including Suleiman Ndanusa, Mohammed Kari, Mohammed Hayatudden, Aliyu Suleiman and Kemi Babalogbon.

Discussions are expected to produce a reform roadmap with defined priorities and performance targets aimed at strengthening the company’s role in regional economic development.