By Moh Bello Habib, Zaria
A Nigerian Banker, Dr Ja'afaru Sa'ad, Galadiman Ruwa Zazzau has suggested ways to boost industrial growth through economic transformation framework aimed at Centre for Strategic Leadership and Communication has unveiled economic transformation framework aimed at repositioning the Country as a global industrial force by 2050.
The founder who is the founder of Centre for strategic Leadership and communication made this known via In an open memo titled “March to 2050 Edition: Activating the SSMV Framework – Turning National Liabilities into Global Assets”
He centre called on the Federal Government to activate the Special Strategic Mission Vehicle (SSMV) model as a national recovery mechanism.
He advised the government to adopt a non-bureaucratic, mission-driven structure to revive dormant national assets and convert them into sustainable revenue streams.
The financial expert 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.
Dr Sa'ad further pointed that following the removal of fuel subsidies to halt fiscal leakages, 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.
"The framework is designed to drive financial inclusion, empower youth and women, and strengthen Nigeria’s economic sovereignty.
"The SSMV model differs fundamentally from privatisation and commercialisation, as 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 said
The traditional title holder 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." He noted
Dr Sa’ad warned that failure to reset and re-engineer these entities would deepen fiscal strain.
