Adaeze Obodozie Canvasses Strategic Reforms for Nigeria’s Economic Growth

Nigeria’s economy is at a defining moment as the nation grapples with persistent inflation, rising unemployment, and foreign exchange volatility, even as it holds vast potential driven by its youthful population and abundant natural resources.

Speaking on Nigeria’s economic future, business leader and sustainable development advocate, Adaeze Obodozie, said the country must deliberately harness its strengths, diversify its economy, and invest strategically in human capital to achieve long-term growth.

According to Obodozie, Nigeria’s economic challenges are not insurmountable but stem largely from structural gaps that can be addressed through policy consistency, innovation, and stronger collaboration between government and the private sector.

“Nigeria does not lack opportunities; what we need is better coordination between policy, industry, and human capital,” she said.

She noted that economic stability must be anchored on a strong production base, reduced reliance on imports, and increased value-added exports to strengthen the naira and create sustainable jobs.

Highlighting key sectors capable of driving economic transformation, Obodozie identified maritime trade and logistics as critical to improving trade efficiency and attracting foreign investment. She said Nigeria’s strategic access to major sea routes positions it as a natural hub for regional and global commerce, provided port infrastructure is improved and regulatory frameworks remain transparent.

On youth development, Obodozie stressed that empowering young Nigerians is no longer optional but essential for economic survival. With more than 60 per cent of the population under the age of 35, she said access to skills training, financing, and mentorship could transform youths into job creators.

“Young people are not the problem; they are Nigeria’s greatest economic asset if properly empowered,” she added.

She also called for accelerated industrialisation and support for local manufacturing, noting that Nigeria must transition from a consumer-driven economy to a producer-focused one. According to her, improved access to power, raw materials, and financing for small and medium-scale enterprises would boost productivity and employment.

Obodozie further underscored the importance of public-private collaboration, stating that government policies must be predictable and business-friendly to encourage long-term local and foreign investments.

“Businesses are willing to invest locally when policies are clear, consistent, and supportive of growth,” she said.

On leadership and governance, Obodozie emphasized the need for accountability and data-driven decision-making, warning that economic reforms must be people-centred to deliver real impact.

“Economic growth must translate into improved living standards. When policies are inclusive, growth becomes sustainable,” she stated.

She concluded by calling on policymakers, business leaders, and young professionals to work collectively toward a shared economic vision anchored on innovation, discipline, and strategic investment in people.

As discussions around economic reform continue nationwide, analysts say perspectives such as Obodozie’s offer practical insight into how Nigeria can reposition itself as a resilient, inclusive, and globally competitive economy.