The managing director of the Nigeria Liquefied Natural Gas Limited, Engr Chimaobi Ibeneche, has identified productive capacity underpinned by a virile human capital as the real wealth of Nigeria.

Engr Ibeneme made the disclosure on Thursday in a lecture delivered at the 48th Founders Day Celebration of the University of Nigeria, Nsukka. It was on "Production: An Essential Ladder for Learning and Economic Emancipation."

He called for a new emphasis on quality education, aimed at broadening access to practical and adaptive knowledge that can be used in production, the creation of opportunities for apprenticeship in productive skills, and a proper regulation and control of the jobs of artisans, as well as economic policies that give priority to the export of manufactured and processed goods.

He said it was not late for Nigeria to embark on the journey of productive expansion of her economy.

Engr. Ibeneme regretted that many budgets and developmental plans had failed in the past, and maintained that they were based on the wrong premises.

The vice chancellor of the UNN, Prof. Chinedu Nebo, described the Founders Day Ceremony as a special event designed to celebrate the university and her great founders.

"It is an occasion for rumination, regeneration and revision. We meditate on our roles and contributions individually and collectively towards the realisation of the university's goals as articulated by her great founders," he said.