Ogidan Emerges as New President of TMA, Calls for Efficient Petroleum Management

By Admin

Dr. Steve Ogidan has merged as the New President of a Business Professional Group, Turnaround Management Association, TMA.

Speaking in Abuja while taking over the mantle of leadership of the Association, Dr.

Dr. Ogidan who throw his weight behind fuel subsidy removal said if Dangote Refinery is able to get enough crude in Nigeria, the country would be able to reduce the cost of fuel by 35 percent because the cost implications of importing it would be out of it.

He also stressed the need for the resuscitation of the nation’s ailing refineries towards improving the country’s oil industry.

According to him, the Turnaround Management Association, TMA, js the global leader in the field of business turnaround and corporate renewal, with over 10,000 members across 54 chapters worldwide and its chapter, TMA-NIG, has continuously strived to uphold the highest standards of professionalism and excellence, playing a critical role in guiding organizations through challenging times.

“As you are well aware, the world has witnessed significant changes in recent years and the aftermath of the COVID-19 pandemic, coupled with economic uncertainties and technological shifts, has presented businesses with unprecedented challenges. Now more than ever, turnaround management has proven its value in helping organizations navigate through crises and emerge stronger” He said

In his words”At TMA-NIG, we are committed to building on our global association’s legacy by providing Nigerian professionals and businesses with the skills, resources, and support needed to address these evolving challenges. Today, I want to share some key initiatives that will define our roadmap as we chart a new course for TMA-Nigeria:

1. Capacity Building and Professional Development We will intensify our efforts in organizing training programs, workshops, and conferences aimed at equipping our members with cutting-edge knowledge and skills. Through certifications such as the Certified Turnaround Professional (CTP) and Certified Turnaround Analyst (CTA), we are setting global standards for turnaround management excellence.

2. Enhancing Collaboration and Partnerships In today’s interconnected world, collaboration is key. We are committed to strengthening ties with industry bodies, government agencies, academic institutions, and other key stakeholders. This will foster an exchange of ideas, resources, and best practices that will benefit our members and the broader Nigerian economy.

3. Innovation and Technology in Turnaround Management” .

“We recognize the importance of embracing technology and innovation. By leveraging emerging technologies and data-driven approaches, we aim to provide our members with tools that not only streamline turnaround processes but also allow businesses to stay competitive in a fast-evolving digital landscape. 4. Advocacy and Policy Engagement and TMA-NIG will continue to engage with policymakers to create a business-friendly environment that supports corporate renewal and restructuring” He emphasized