Peterside Calls for National Adoption of Business Re-engineering to Boost Economy
Former Director-General of the Nigeria Maritime Administration and Safety Agency (NIMASA), Dakuku Peterside, has urged the Federal Government to adopt business process re-engineering as a national policy, saying it could unlock Nigeria’s economic potential.
Speaking at the maiden International Conference of the Department of Business Administration at Ignatius Ajuru University of Education (IAUE), Port Harcourt, Peterside highlighted that streamlining governance and removing bottlenecks in commercial activities could create jobs and stimulate growth.
The conference, themed “Business Re-engineering: A Catalyst for Business Development,” provided a platform for discussing strategies to enhance business efficiency and economic performance.
Peterside stressed that re-engineering governance and business processes is crucial for Nigeria’s progress. “Business re-engineering is the disciplined response to our current reality. It makes firms more competitive, government more enabling, and builds trust. It reduces leakages, drives exports, and expands employment,” he said.
He added, “If Nigeria embraces business re-engineering fully and consistently, we will see stronger companies, better jobs, improved public services, higher investment, and a more inclusive economy. This should not be optional—it must be a national strategy.”
Challenging IAUE’s Department of Business Administration to excel, Peterside encouraged it to become a leading center for business expertise in the country.
IAUE Vice-Chancellor, Prof. Okechukwu Onuchukwu, said the conference would enlighten both the university community and the public on the link between effective business practices and economic growth. He noted the university’s commitment to hosting over 200 conferences to foster knowledge sharing and professional development.
Dr. James Vinazor, Head of Department of Business Administration, explained that the conference aimed to bring together stakeholders from various sectors to tackle challenges, share insights, and explore opportunities despite economic difficulties.
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