At a two-day conference in Lagos, the Turnaround Management Association (TMA) Nigeria convened experts and industry leaders to explore strategies for breathing life into the country’s long list of moribund assets.
The conference, themed “Reviving Moribund Assets: The Role of Turnaround Management in Nigeria’s Economic Recovery Strategy,” was held in collaboration with Konrad Adenauer Stiftung Nigeria. It featured wide-ranging discussions on why successive governments have failed to sustain turnaround initiatives across sectors.
One of the keynote speakers, Professor Adetunji Ogunyemi, a professor of economic history at Obafemi Awolowo University, traced Nigeria’s industrialisation journey from the 1960s to the 1980s. He argued that the country’s chronic failures with industrial projects, particularly refinery rehabilitation, stem not from technical shortcomings but from deep-seated political inertia.