{"id":29063,"date":"2026-04-22T18:03:39","date_gmt":"2026-04-22T17:03:39","guid":{"rendered":"https:\/\/www.funminews.com\/?p=29063"},"modified":"2026-04-22T18:03:42","modified_gmt":"2026-04-22T17:03:42","slug":"nba-president-dele-oye-says-government-should-exit-business-points-to-industrial-failures","status":"publish","type":"post","link":"https:\/\/www.funminews.com\/index.php\/2026\/04\/22\/nba-president-dele-oye-says-government-should-exit-business-points-to-industrial-failures\/","title":{"rendered":"NBA President Dele Oye Says Government Should Exit Business, Points to Industrial Failures"},"content":{"rendered":"\n<p><strong>LAGOS, Nigeria (FN)<\/strong>, Nigerian Bar Association President Dele Oye has faulted the government\u2019s role in managing key industries, pointing to the failures of the Ajaokuta Steel Company and the country\u2019s refineries as evidence of mismanagement.<\/p>\n\n\n\n<p>Speaking at a business forum in Lagos, Oye argued that government involvement in commercial enterprises has stifled growth and innovation. \u201cThe government has no business being in business,\u201d he said, stressing that public ownership of industries has led to inefficiency and waste.<\/p>\n\n\n\n<p>He cited the Ajaokuta Steel Company, which has remained largely inactive despite decades of investment, and Nigeria\u2019s refineries, which continue to operate below capacity, forcing the country to rely heavily on imported fuel. Oye said these failures highlight the need for private-sector leadership in driving industrial growth.<\/p>\n\n\n\n<p>Oye urged policymakers to focus on creating an enabling environment for businesses rather than directly managing them. He emphasized that regulatory oversight, infrastructure development, and transparent policies would better serve Nigeria\u2019s economic ambitions.<\/p>\n\n\n\n<p>His comments come amid ongoing debates about privatization and reforms in Nigeria\u2019s energy and industrial sectors, with many analysts calling for a shift away from state-led enterprises toward private investment.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>LAGOS, Nigeria (FN), Nigerian Bar Association President Dele Oye has faulted the government\u2019s role in managing key industries, pointing to the failures of the Ajaokuta Steel Company and the country\u2019s refineries as evidence of mismanagement. Speaking at a business forum in Lagos, Oye argued that government involvement in commercial enterprises has stifled growth and innovation. [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":29066,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[3699,2,2096,776,4,478,458,3,1138],"tags":[12601,12599,2861,12604,12605,12600,12603,12602],"class_list":["post-29063","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-africa","category-business","category-economics","category-educational","category-featured","category-financial","category-legal","category-naija-news","category-politics","tag-ajaokuta-steel-company","tag-dele-oye","tag-economic-reform","tag-government-role-in-business","tag-nigeria-economy","tag-nigerian-bar-association","tag-privatization","tag-refineries"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.funminews.com\/wp-content\/uploads\/2026\/04\/0-402.webp?fit=800%2C675&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.funminews.com\/index.php\/wp-json\/wp\/v2\/posts\/29063","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.funminews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.funminews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.funminews.com\/index.php\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.funminews.com\/index.php\/wp-json\/wp\/v2\/comments?post=29063"}],"version-history":[{"count":1,"href":"https:\/\/www.funminews.com\/index.php\/wp-json\/wp\/v2\/posts\/29063\/revisions"}],"predecessor-version":[{"id":29065,"href":"https:\/\/www.funminews.com\/index.php\/wp-json\/wp\/v2\/posts\/29063\/revisions\/29065"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.funminews.com\/index.php\/wp-json\/wp\/v2\/media\/29066"}],"wp:attachment":[{"href":"https:\/\/www.funminews.com\/index.php\/wp-json\/wp\/v2\/media?parent=29063"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.funminews.com\/index.php\/wp-json\/wp\/v2\/categories?post=29063"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.funminews.com\/index.php\/wp-json\/wp\/v2\/tags?post=29063"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}