How Nigeria can shift from consumption to production economy — AfDB adviser

The Senior Special Adviser to the President on Industrialisation at the African Development Bank Group, Prof. Banji Oyelaran-Oyeyinka, has urged Nigerian leaders to adopt a deliberate national strategy to transition the country from a consumption-driven economy to a production-oriented one, warning that continued dependence on imports and raw material exports will perpetuate poverty. Oyelaran-Oyeyinka, who was the guest speaker at the Nigerian Society of Chemical Engineers’ Fellows Confab 2025, themed “From Consumption to Production Economy in Nigeria — The Pathways,” on Thursday, said Nigeria must urgently reverse its over-reliance on crude oil and imported goods if it hopes to achieve inclusive growth and stability. He noted that the consequences of being a

Production-driven economy crucial to achieving Nigeria’s $1trn GDP target — Stakeholders

Stakeholders have advocated for a transition to a more production-based economy for Nigeria to achieve its one trillion dollar economy target by 2030. They made this known at the Nigerian Society of Chemical Engineers (NSChE) 33rd Fellows Conference in Abuja on Friday, with the theme: “From Consumption to Production Economy in Nigeria — The Pathways”. The Guest Speaker, Prof. Banji Oyelaran-Oyeyinka, noted that achieving a one trillion dollar GDP requires sustained annual growth through productive industrialisation and innovation. Oyelaran-Oyeyinka, who is also the Senior Special Assistant to the President on Industrialisation at the African Development Bank Group, said Nigeria aspired to attain a one trillion dollar economy by 2030...

INVITATION TO JOIN THE NSChE SECTORAL GROUP OF YOUR CHOICE.

It is my pleasure to convey to you Council’s approval on the establishment of 9 Sectoral Groups listed below with a view to catering to the breadth of Chemical Engineering practice in Nigeria. You are hereby cordially invited to join a minimum of one and a maximum of three Sectoral Groups. For existing members, you can select

PROCESS SAFETY INITIATIVE OF NIGERIA

The International Affairs Committee (IAC) of NSChE has spearheaded the creation of PSIN as a vehicle for driving and deepening Process Safety (PS) knowledge and practice in Nigeria. Working in collaboration with the National Secretariat, PSIN has been successfully registered as a not-for-profit organization in