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    The North JournalsThe North Journals
    Home » Zulum Leads Northern Governors’ Effort to Revive NNDC
    Economy

    Zulum Leads Northern Governors’ Effort to Revive NNDC

    Forum moves to reposition dormant company as regional development finance institution
    Atoyebi AdenikeBy Atoyebi AdenikeSeptember 23, 2025No Comments1 Min Read
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    Forum moves to reposition dormant company as regional development finance institution
    Forum moves to reposition dormant company as regional development finance institution
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    By Atoyebi Nike
    Borno State Governor, Prof. Babagana Umara Zulum, has reiterated the Northern Governors’ Forum’s commitment to revitalising the New Nigeria Development Company Limited (NNDC) as a driver of economic growth across the 19 Northern states.

    Governor Zulum, who chairs the Implementation Committee alongside the governors of Kwara, Zamfara, and Plateau, said the NNDC would be repositioned into a development finance institution with a diversified investment portfolio.

    Speaking at the committee’s inaugural meeting in Kaduna on Monday, Zulum commended the Forum for backing the restructuring process, which he described as vital to restoring the company’s role as the North’s strongest economic legacy.

    He assured staff that the committee would address institutional challenges and welfare issues, pledging to preserve the NNDC’s landmark 10-storey headquarters in Kaduna.

    Deputy Governors from Zamfara, Kwara, and Plateau attended the meeting, along with senior officials of the NNDC led by Group Managing Director Shehu Usman Mai-Bornu.

    See also  IMF Flags Nigeria’s Weak Social Safety Net Amid Economic Reforms
    Babagana Zulum Borno State Kaduna NNDC Northern Governors Forum regional economy
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    Atoyebi Adenike
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