Entrepreneur calls for pro-business policies to unlock Northern Nigeria's economic potential

Yusuf Babatunde Abdullahi, Chairman of Ilorin Emirate Mall, has urged Nigerian governments to prioritize pro-business policies and create an enabling environment to stimulate the economy of Northern Nigeria. In an interview with Arewa PUNCH, Abdullahi highlighted structural challenges hindering business growth and national industrialization, stating that Nigeria's ambition to become an industrial hub requires a coordinated and multi-layered strategy. He emphasized that the country's economic issues stem from structural inefficiencies rather than a lack of resources, advocating for a deliberate and multi-pronged industrialization framework. Abdullahi stressed the importance of small and medium-scale enterprises as key drivers of job creation and economic expansion, calling for targeted reforms such as access to affordable financing, tax incentives, and regulatory support. He also identified poor infrastructure, including erratic power supply and inadequate road networks, as significant constraints to industrial growth. Discussing his own investments in oil and gas, real estate, and retail, Abdullahi noted his desire to foster local economic development and inspire young entrepreneurs, while also emphasizing the importance of social responsibility through initiatives like scholarships and community development.