NESG: Adubi Calls for Nigeria to Leverage Economic Potential for Industrial Growth

Mrs. Bukola Adubi, CEO of MicCom Cables and Wires, has called for Nigeria to urgently harness its vast economic potential to drive industrial growth and transformation.

Speaking at the 30th Nigerian Economic Summit in Abuja, themed “Collaborative Action for Growth, Competitiveness, and Stability,” Adubi emphasized the need to confront the country’s economic challenges head-on.

Adubi moderated a high-profile CEO Roundtable, featuring industry heavyweights like Mr. Tola Adeyemi, CEO of KPMG West Africa; Mr. Farouk Gumel, Vice Chairman for the Tropical General Investment (TGI) Group; and Ms. Winifred Isichei, CEO of Bonita Foods. The roundtable’s theme – “The Path to Rapid Industrialisation”, explored strategies for enhancing Nigeria’s industrial sector and the collaborative actions required to achieve sustainable growth.

Highlighting the need to celebrate Nigeria’s achievements and foster trust in local capabilities, Adubi stressed that leveraging the nation’s strengths could create a ripple effect, positioning Nigeria as a leading industrial power in Africa.

“One critical takeaway from the discussions was the need for us as a country to celebrate our successes, trust in our abilities, and capitalize on our strengths. By doing so, we can ignite a multiplier effect that will propel Nigeria to become the industrial powerhouse of the continent,” Adubi remarked.

She also underscored the urgency of skills development, particularly in technical and vocational education, as a key solution to overcoming the obstacles impeding Nigeria’s industrialization.

In her concluding remarks, Adubi expressed deep pride in Nigeria’s potential, urging continued efforts to establish the nation as a beacon of success across Africa.

Under Adubi’s leadership, MicCom Cables & Wires Ltd, Nigeria’s first indigenous cable manufacturing company, founded in 1978, has become a major producer of high-quality cables and wires for both local and international markets. The company holds a significant market share in West Africa.

In addition to her role at MicCom, Adubi serves as President of the Cable Manufacturers Association of Nigeria (CAMAN). She is a staunch advocate for the manufacturing sector, viewing it as a key driver of Nigeria’s economic development.

“A thriving manufacturing sector not only creates jobs but also drives infrastructural development and improves living standards in local communities. It is also instrumental in boosting intra-African trade,” Adubi noted in a recent interview.