Revive NNDC to end economic hardship, regional insecurity – KACRAN tells northern governors

The Kulen Allah Cattle Rearers Association of Nigeria, KACRAN, has urged the 19 Northern Governors and the FCT Minister to revive the Northern Nigeria Development Company, NNDC, as a means to alleviate the region's economic struggles and address escalating insecurity. In a recent press statement, KACRAN's National President, Hon.

Khalil Mohd Bello, highlighted the dire state of NNDC, which has been neglected by successive administrations for years. Established in 1949 as the investment arm of the North, NNDC played a pivotal role in driving development across various sectors, including agriculture, industry, finance, energy, and infrastructure. KACRAN emphasized that NNDC and its subsidiaries achieved remarkable success in diverse areas, such as financial services, real estate, agriculture, manufacturing, oil and gas, and solid minerals.

However, the collapse of NNDC has coincided with a surge in demographic growth, unprecedented insecurity, and the decline of agriculture and industry in the North. The association projects that Nigeria will become the third most populous country by 2030, with the majority residing in the North. KACRAN has outlined a five-point plan to reverse this situation, which includes reviving the textile industry, establishing agricultural and commercial banks, harnessing solar energy for industrial growth, exploring mineral resources, and allocating ₦2 billion monthly from each state as seed funding to restore NNDC's assets.

The association appeals to the Northern Governors Forum to promptly adopt this plan and work together to revive NNDC as the economic engine of the North.