Northern business expert takes charge of TMA Nigeria

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Adamu Abdulqadir Gambo has emerged president of the Turnaround Management Association (TMA), Nigeria Chapter, with a pledge to ...

Adamu Abdulqadir Gambo has emerged president of the Turnaround Management Association (TMA), Nigeria Chapter, with a pledge to champion the survival of struggling businesses, revive dormant industries and strengthen mechanisms for rescuing distressed enterprises across the country.

Gambo, who assumed office on November 4, 2026, following a formal handover by his predecessor, Steve Ogidan, said his administration would shift the association’s focus from discussing corporate failures to developing practical interventions that prevent business collapse, restore struggling companies and protect jobs.

Speaking with BusinessDay Sunday, after his inauguration, the identified small and medium-sized enterprises (SMEs) as a major priority, arguing that their survival was critical to employment generation, industrial development and economic recovery.

He said his administration would introduce a National SME Business Survival and Turnaround Programme to provide business health assessments, early-warning diagnostics and recovery support in collaboration with banks and development finance institutions.

Gambo said the initiative would enable struggling businesses to identify financial and operational weaknesses early enough to undertake corrective measures before their difficulties became irreversible.

As part of his immediate priorities, he said the association would strengthen its institutional structures, improve governance, promote unity among members and re-establish international partnerships.

“In our first 100 days, we will audit our membership, activate our committees, bring past presidents and founding members into an advisory platform, and reopen formal engagement with TMA Global,” he said.

The new president also disclosed plans to assess abandoned factories and agro-processing facilities across the country to determine which could be restored to productive use.

He argued that rehabilitating existing industrial assets could accelerate economic activity, preserve employment and…

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