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2050: Centre unveils framework to boost industrial growth (Page 69)

By Mustapha Yauri

The Galadiman Ruwa Centre for Strategic Leadership and Communication has unveiled an economic transformation framework aimed at repositioning Nigeria as a global industrial force by 2050.

In an open memo titled “March to 2050 Edition: Activating the SSMV Framework – Turning National Liabilities into Global Assets”, the centre called on the Federal Government to activate the Special Strategic Mission Vehicle (SSMV) model as a national recovery mechanism.

Dr Ja’afaru Sa’ad, founder of the centre, told the News Agency of Nigeria (NAN) that the government should adopt a non-bureaucratic, mission-driven structure to revive dormant national assets and convert them into sustainable revenue streams.

He cited historic industrial breakthroughs in Saudi Arabia, South Korea, and India, which he said resulted from deliberate Special Initiatives rather than conventional public-sector administration, noting that Nigeria now stands at a similar crossroads.

Following the removal of fuel subsidies to halt fiscal leakages, Sa’ad said the country must now enter what he described as the “Refinement and Resuscitation phase” of national development.

Central to the framework is the proposed Nigerian Green Energy and Chemicals Corporation (NGECC), envisioned as a vehicle to transform underutilised national resources into a billion-dollar annual revenue stream.

“This is more than economics; it is a matter of national security,” he said, adding that the framework is designed to drive financial inclusion, empower youth and women, and strengthen Nigeria’s economic sovereignty.

Sa’ad explained that the SSMV model differs fundamentally from privatisation and commercialisation, calling it a “surgical economic intervention” rather than a sale or taxation of national assets.

“Asset recovery under the framework will follow the 8R Stealth Paradigm: Refining, Resetting, Researching, Resuscitating, Revitalising, Restructuring, Re-engineering, and Retaining value within national reserves”

He likened privatisation to selling a sick family member’s property and commercialisation to merely increasing charges without fixing inefficiencies.

The SSMV approach focuses on restoring assets to operational health while retaining state ownership.

The memo highlighted the urgency of addressing obsolete industrial structures that continue to consume public funds without generating value.

Sa’ad warned that failure to reset and re-engineer these entities would deepen fiscal strain.

“As the global economy rapidly transitions, Nigeria must stop funding liabilities and begin cultivating global giants,” he said.

He expressed confidence that adopting the SSMV framework and the 8R Paradigm could move Nigeria from survival to leadership in the emerging global economic order.

“The stake is within reach. The time is now,” Sa’ad added. (NAN)

Edited by Muhammad Lawal

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2050: Centre unveils framework to boost industrial growth (Page 69)