{
  "id": 13039629,
  "title": "Nigeria promotes investment without building production capacity – UNILAG don",
  "url": "https://urgent.news/2026/10/09/nigeria-promotes-investment-without-building-production-capacity-13039629",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-09T05:46:27.000Z",
  "source": {
    "name": "Punch",
    "slug": "punch",
    "url": "https://punchng.com/nigeria-promotes-investment-without-building-production-capacity-unilag-don/"
  },
  "original_language": "en",
  "account": "Adelaja Odukoya, a professor at the University of Lagos, has criticized Nigeria's economic policies for encouraging investment without sufficiently bolstering domestic production. He believes this contradiction has weakened the country's productive foundations, preventing sustainable development. At the Adeleke University Toyin Falola Annual Lecture, Odukoya highlighted several issues in Nigeria's economic management. He noted that the state promotes investment without facilitating technological transfer, encourages entrepreneurship without generating enough productive employment, expands primary-product exports while neglecting processing capacity, and constructs infrastructure without linking it to domestic production. Odukoya emphasized that accumulation does not automatically lead to development; instead, development should be measured by the expansion of productive, technological, institutional, and human capabilities. He cited examples like attracting investment, exporting minerals and agricultural commodities, and recording economic activity while still failing to build domestic industries and technological capabilities required for long-term growth. These sentiments align with those of Prof Toyin Falola, who stressed that Africa's vast natural resources could continue to perpetuate dependency unless governments develop the necessary industrial, technological, and institutional capacity to transform them into productive power. Falola pointed out that Africa's resource problem is not only a result of historical exploitation but also the continent's inability to convert its resource endowments into power. He stressed the importance of Africa not merely repeating the history of exploitation but also transforming its resources into assets. Falola argued that Africa requires a combination of knowledge, government policy, and industrial capacity to alter its economic position. He stressed that the continent needs more than just better infrastructure, improved economies, and stronger political institutions to gain greater influence in the global system.",
  "summary": "A UNILAG professor, Adelaja Odukoya, has said Nigeria’s economic policies promote investment without building the domestic production capacity needed for d Read More: https://punchng.com/nigeria-promotes-investment-without-building-production-capacity-unilag-don/",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Punch Nigeria",
        "title": "Nigeria promotes investment without building production capacity – UNILAG don",
        "url": "https://urgent.news/2026/10/09/nigeria-promotes-investment-without-building-production-capacity",
        "published": "2026-10-09T05:34:10.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}