As the demand for digitalization and free market entrepreneurs continue to grow, businesses in many African countries struggle to find qualified workers with good programming skills. Young people with non-technical backgrounds often have to look beyond the walls of a traditional classroom and a four-year degree to gain these skills at a faster pace. ⠀⠀The …
The foundation of a well-defined, respected, and enforced property rights is necessary for the market process to coordinate positive-sum exchange. Property rights are any body of laws created by a country’s government to define how individuals can own, benefit from and alienate property. Where there is no individual ownership of property, there will be an …
61% of SMEs say AfCFTA will have a positive effect on the cost of materials and machineries. Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture(NACCIMA), September 2020 Obviously, any economic policy that facilitates imports and exports among member countries – with lower or no tariffs, free access to the market and market information, …
In a challenging or difficult business environment or market, Michael Porter’s 5 model is a popular marketing tool that helps business owners and managers to remain competitive. The Porter’s 5 ModelPorter’s 5 Model is a framework for analyzing a business competitive environment. It looks at the attractiveness and potential profitability of a business industry sector. …
Porter’s Five Model: An Analytical tool for Small Business Read More »
Everyone knows the importance of a business plan, but many entrepreneurs don’t understand that marketing plan is also vital. In contrast to a business plan, marketing plan focuses on acquiring and retaining customers. It is a strategic plan that includes facts, numbers and objectives. A marketing plan is an action plan.The steps includes: Carrying out …
How to develop a marketing plan for a new product/business Read More »
“if man is not to resort to rebellion, man’s right is to be respected”. – United Nation declaration of Human Right #EndSars movement is a protest that triggers a spontaneous agitation for an end to police brutality and abuse. This was embarked on by a ‘leaderless’ collective of young Nigerians within and outside the country. …
Many years of spending too much without a matching result to show for it has continued to increase our debt, place more tax burden on Nigerians and encourage corruption. Limited Government is key.
A former United States President, John Quincy Adams once said “if your action inspires others to dream more, learn more, do more and become more, then you are a leader.” It therefore means that the ability to inspire another person apart from yourself is a great requirement of a leader No matter your organisation or …
On the 5th of September, 2020, 33 leaders from 13 states within Nigeria gathered virtually, for the 2020 Leadership Forum. The forum shared best practices for emerging leaders with a session on the values of liberty. The discussions; brainstorming and lectures highlighted the need to establish a network of leaders who will work to …
A time for the private sector to drive the economy while government calms down on regulations that stifle growth. The collapse in oil prices coupled with the COVID-19 pandemic is expected to plunge the Nigerian economy into a severe economic recession, the worst since the 1980s, according to the latest World Bank Nigeria Development …
