Nigeria, Sept. 28 -- A professor of political economy and management expert, Prof. Pat Utomi, has identified weak and corrupt institutions, as well as inconsistent government policies, as major factors militating against industrial growth in the Southeast.

Utomi spoke in Nnewi, Anambra State, during the investiture of the 12th President of the Nnewi Chamber of Commerce, Industry, Mines and Agriculture (NCCIMA), Pastor Patricia Uchenna Chukwu.

The event had the theme, "Repositioning Nnewi as Africa's Premier Hub for Commerce, Manufacturing and Enterprise Development."

Utomi, who was the keynote speaker, also identified the lack of continuity and business sustainability among some old entrepreneurs as another challenge, noting that many...