Prof. Adamu Advocates Savings Culture to Boost Nigeria's Economy

During the 62nd inaugural lecture at Nasarawa State University, Prof. Abdul Adamu from the Department of Business Administration advocated for a savings and investment culture to boost Nigeria's economy.

He urged citizens and government to prioritize saving and investing to attract foreign investors, which he noted is crucial for economic growth. Prof.

Adamu referenced the global financial crisis of 2009 and highlighted the volatility of Nigeria's financial markets. He stated that foreign investment is essential for the growth of manufacturing firms and the economy at large.

He called for a reimagining of Nigeria's financial model, focusing on saving as a foundational step before investing. He also emphasized the need for improved infrastructure to support small and medium enterprises (SMEs) and proposed that the university community should adopt a savings-first habit.

The lecture was praised by Vice Chancellor Prof. Sa Adatu Hassan Liman and Dean Prof.

Abdullahi Zubairu, who acknowledged the significance of the topic in addressing Nigeria's economic challenges.