Managing Nigeria as a Business – Funding our budgets

No value-creating setup can successfully operate without prudently identifying the goals that it plans to achieve, the size of funds required to deliver on those objectives, and the source of those funds. That process shows how important budgeting is in the life of small, big organisations and even countries. However, each phase in this process can be replete with challenges which if not...

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Managing Nigeria as a Business: Institutional performance

The strong positive correlation between high performing economies and robust economic and political institutions is undisputed. Through its decisive influence on investment management, revenue generation, resource allocation and the rule of law, financial and other public institutions determine the level of well-being that is achievable by any country. Effective management of any economy is...

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Nigeria as a business: Anticipating the future

The attraction of entrepreneurship are the profits and other benefits which it offers. These rewards are the consequences of competing on correctly anticipated future events that may affect the prosperity of the business. Sound foresight depends a great deal on proper evaluation of the past in addition to ongoing strategic insights discovered continuously from observed patterns. These, when...

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Managing Nigeria as a business organisation: the cost of funds

In addressing the challenge of how to sustainably finance growth and development, every Nigerian leader ought to revisit the question of the cost of funds. With a crawling growth rate of national output at about 2% relative to a 3%+ annual population growth, prioritising the considerable reduction in the cost of funds in the decision equation for national development has become very imperative....

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Nigeria as a business organisation: People management

We have human beings in large numbers. Over 200 million of them. We are one-fifth of the continental population and the most populous black nation. There is no doubt that this is a substantial plus for our enhanced output. When correctly capacitated and incentivised, the human force can produce large amounts of goods and services. However, where we fail to harness these potentials in...

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Managing Nigeria as a business: Investment

The centrality of investment in the life of every business is well known. Firms grow their output on the strength of their investments. Similarly, the production level of any economy is dependent on that country’s rate and scale of capital formation. The more the rates of acquisition and result-oriented use of fixed assets, the more the output that is produced by the country; by extension will...

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