Nigeria: Our Plans to Boost Financial Performance, By NNDC Chairman

23 April 2026
Daily Trust (Abuja)
By Philip Shimnom Clement

The chairman of New Nigeria Development Company (NNDC), Alhaji Lamis Shehu Dikko has reaffirmed the company's determination to reinvent itself and reposition its operations and its investment portfolio as a holding company.

He spoke in his opening remarks during the commencement of a two-day Board/Management retreat which commenced Wednesday in Abuja.

According to him, with over seven decades of history and with many portfolios, the company's financial performance has not reflected its potential.

The NNDC is a diversified conglomerate owned by the 19 Northern states with investments covering sectors including agriculture, real estate, solid minerals, oil and gas, hospitality, among others.

Speaking at the retreat, the Chairman stated that the retreat will interrogate the current reality as "financial outcomes have not consistently reflected the scale of our potential."

The Chairman stated that the retreat was designed to harness the expertise of its Board, Management and external resource persons for a two-day deep-dive aimed at redefining its business model with a view to identifying challenges and repositioning the company for future strategic advantage.

Read the original article on Daily Trust.

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