The Turnaround Management Association of Nigeria (TMA) has reinforced the critical role of technology in promoting business development and corporate recovery in the country.
In his inaugural address in Abuja, the newly appointed Chairman of the association, Dr. Steve Ogidan, emphasized that strategic deployment of technological innovation is essential to weathering Nigeria’s difficult economic climate.
Dr. Ogidan outlined a comprehensive vision for the future of the association, stressing that TMA Nigeria will prioritize the use of cutting-edge technology to help businesses reduce risk, recover from crises and build resilience. did.
He noted that the COVID-19 pandemic and ongoing economic changes highlight the importance of turnaround management in maintaining business continuity.
“As the world continues to grapple with economic uncertainty and the ripple effects of the pandemic, organizations must leverage technology to adapt and survive. Turnaround management helps guide businesses through the crisis and sustainably This has proven to be effective in positioning the country for sustainable growth,” Ogidan said.
Dr. Ogidan highlighted the important role of the oil and gas sector in Nigeria’s economy, noting that effective management of domestic oil refining could lead to significant cost savings.
He described the Dangote refinery as a vital project, stressing that the stable supply of locally produced crude oil will reduce fuel prices by up to 35% and reduce the high costs associated with importing refined oil. Ogidan also advocated the rehabilitation of Nigeria’s refineries as a strategy to reduce Nigeria’s dependence on imported fuel.
“TMA is a global leader in business turnaround and corporate turnaround, with over 10,000 members in 54 chapters around the world.In Nigeria, we maintain the highest standards of professionalism and are committed to helping businesses navigate these turbulent times. We remain committed to ensuring that they have the tools they need to help,” Ogidan said.
As part of TMA-Nigeria’s strategic plan, Dr. Ogidan outlined several key initiatives focused on capacity building, professional development and fostering collaboration between the public and private sectors. He emphasized the need for innovation and technology-driven solutions in regeneration management, noting that these will be central to supporting the industry as it struggles to recover from the pandemic and other economic challenges.
Dr. Ogidan reaffirmed TMA Nigeria’s commitment to helping businesses leverage technology to enhance efficiency and resilience in the face of global and national challenges. He stressed that under his leadership, the association will continue to provide strategic guidance to businesses to ensure their growth even in the most difficult of circumstances.
TMA’s immediate past president, Dele Bello Williams, expressed confidence in Dr. Ogidan’s ability to lead the association during this critical time. He commended Mr. Ogidan for his leadership qualities and called on TMA members to support him in furthering the association’s mission of promoting business recovery and growth in Nigeria.
In recognition of his leadership, Mr. Williams received an award for his accomplishments during his tenure.
