Experts urge Nigerians to view current socio-economic challenges as an opportunity to build a long-lasting legacy and grow the economy while providing solutions to social problems.
Experts who spoke at the London Business School (LBS) World Alumni Association 2024 Nigeria Chapter theme “Building a Legacy in Nigeria: Turning Challenges into Opportunities” said the right vision, strategic leadership and effective collaboration He pointed out that if there were, all kinds of problems could be solved. An opportunity for people to build a legacy that will outlast them.
Lagos State Governor, Babajide Sanwo-Olu, has urged Nigerians to seize the opportunity to provide solutions and see economic uncertainty and lack of infrastructure as catalysts for innovation, growth and transformation.
The governor, who was represented by Folashed Ambrose-Mebedem, Commissioner for Commerce, Cooperatives, Trade and Investment, said Lagos was a clear example of how turning challenges into opportunities can foster development. said.
“At the heart of turning challenges into opportunities is a commitment to economic growth,” he said, noting that governments alone cannot drive sustainable growth without strong partnerships with the private sector.
He said the expertise of LBS graduates is valuable in driving sustainable growth, leveraging this platform to mentor young professionals, invest in local talent and address the country’s most pressing needs. He urged innovation to address challenges.
Guinness Nigeria Chairman Omobola Johnson has described Nigerians as hustlers and said the country needs to move from a hustler economy to entrepreneurship to drive sustainable growth.
She defined entrepreneurship as the ability to identify a problem and provide a solution to solve that problem, stressing that many people view entrepreneurship as an act of buying and selling.
Omobola, who is also a former Minister of Communications, urged Nigerians to be entrepreneurial and see problems as opportunities to provide solutions to societal challenges.
Commenting on the macroeconomic changes in Nigeria, the Managing Director of Financial Derivatives, Mr. Bismarck Rewane, said with the current reforms, the Nigerian economy would soon reach equilibrium within two to three years.
“If governments can address rising inequality within the country, economic reforms aimed at growth and stability will begin to bear fruit within two to three years,” he said, adding that inflation would start to ease early next year. Ta.
He noted that while the country’s macroeconomic challenges are well-documented, the level of adjustment needed for growth is unclear, adding that the bigger the problem, the higher the return on investment.
The Chairman of eTranzact International and Group MD Meristem Securities Limited, Mr. Wole Abegunde, noted that while policies provide opportunities for investors to address challenges, policies are highly inconsistent in Nigeria.
“Policies need to be more predictable and durable. When policies change rapidly, they create imbalances. To take advantage of opportunities, we must be able to predict where the new equilibrium will be. .”
The Chairman of LBS Nigeria Chapter, Akintayo Sanwo-Olu, called on all LBS graduates to build a legacy that will promote their brand, the LBS brand and the country’s brand.
He thanked our sponsors for their support in organizing this year’s reunion, and said the LBS Nigeria chapter will continue to foster innovation through financial contributions to employment opportunities and access to sustainable accelerator programs that foster entrepreneurship. said.
