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Tag: Lagos Business School

  • LBS predicts $16b e-commerce market by 2030

    LBS predicts $16b e-commerce market by 2030

    The Lagos Business School (LBS) has emphasised the need for Nigeria to embark on a transformative digital journey that can redefine its economy and significantly improve the quality of life for its citizens.

    The School noted that the country’s e-commerce market is expected to exceed $16 billion by 2030, supported by pioneering platforms like Jumia and Konga.

    Dean, Lagos Business School, Professor Olayinka David-West stated this at the 35th annual conference of the Finance Correspondents Association of Nigeria (FICAN) held over the weekend in Lagos under the theme, “Bracing for the Digital Economy in Nigeria: Taxation, Banking and Finance”.

    Industry stakeholders, including the Federal Inland Revenue Service (FIRS), Central Bank of Nigeria (CBN), and leading banks converged to share insights and shape Nigeria’s digital economy roadmap.

    Representing David-West, Prof. Akintola Owolabi, Department of Cost and Management Accounting at LBS, stated that “the conference theme, ‘Bracing for the Digital Economy in Nigeria: Taxation, Banking and Finance,’ is timely and vital for Nigeria’s sustainable development.”

    David-West affirmed that the strategic vision at LBS aligns closely with advancing digital transformation and promoting financial inclusion, aiming to develop the leaders needed to navigate and drive this emerging landscape.

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    Nigeria’s digital economy is undergoing remarkable growth, energised by a young and dynamic population alongside rapid digital adoption. According to the Nigerian Communications Commission’s 2024 report, internet penetration has reached 43.5 per cent, with over 163 million Nigerians online as of March 2024. The telecommunications sector contributes around 18 to 20 per cent to Nigeria’s GDP, highlighting the vital role of information and communication technology (ICT) as a driving force in the economy.

    David-West pointed out that “this digital revolution transcends statistics; it reshapes commerce, services, and livelihoods. Our burgeoning e-commerce market, projected to exceed $16 billion by 2030, is fuelled by trailblazing platforms like Jumia and Konga.

    “Innovative logistics startups such as Kwik and GIGL illustrate how digital technologies spawn entirely new value chains, enhancing efficiencies and expanding economic opportunities. Such developments promise exponential employment gains, diversification away from oil dependence, and transformative service delivery across sectors.”

    She explained that “the Nigerian financial sector is both a driver and beneficiary of the digital revolution. In 2024, Nigeria’s fintech ecosystem attracted over $2 billion in investments, sustaining its position as the continent’s financial technology powerhouse. This capital influx is propelling groundbreaking innovations that redefine financial transactions and inclusion.”

    She also said, leading Nigerian banks, including Access Bank and GTBank, harnessed cutting-edge technologies like Artificial Intelligence (AI) and Machine Learning (ML) to enhance fraud detection, personalise services, optimise credit scoring, and deploy AI-enhanced customer support.

    She noted that “in addressing taxation within the digital economy, there are both challenges and substantial opportunities for revenue generation. Since January 2022, Nigeria has implemented a six per cent Digital Services Tax (DST) on non-resident digital service providers, complementing existing VAT on foreign digital services and capitalising on the expanding digital marketplace.”

    She cited an example of this initiative is the electronic money transfer levy, which imposes a N50 fee on recipients of bank transfers of N10,000 and above, serving as a valuable revenue stream in Nigeria’s evolving digital payments landscape.

    David-West highlighted how digital payments and mobile money services can serve as a foundation for formalising vast informal sectors, enhancing tax compliance, and integrating businesses into formal financial systems.

    Looking ahead, she noted that “the interconnection of digital transformation across banking, finance, and taxation is a powerful catalyst for Nigeria’s economic growth. Seamless digital payment systems facilitate efficient tax collection, broaden financial inclusion, and provide critical data for evidence-based policy-making and enforcement.”

    She, however, said, “several challenges remain that require immediate attention, including infrastructure deficits such as unreliable electricity and limited broadband access in rural areas, as well as a shortage of digital skills that restrict economic participation. It is essential for regulators to carefully navigate the balance between fostering innovation and ensuring consumer protection amid rapid technological advancements.”

    According to her, encouragingly, the Central Bank of Nigeria’s sandbox framework, which is already operational, offers a controlled setting for innovation within fintech, allowing for regulatory experimentation that supports the growth of Nigeria’s digital financial landscape. 

    “Nigeria stands on the brink of a digital revolution that has the potential to redefine its economic landscape and significantly uplift the quality of life for its citizens.”

    Also, the chairman of the Finance Correspondents Association of Nigeria (FICAN), Mr Chima Titus, said, “This year, our conference theme is both timely and urgent, focusing on the digital economy, taxation, banking, and finance.”

    He said that “globally, the digital economy has evolved from being merely a promising frontier to a critical backbone of modern growth. In Nigeria and across Africa, we find ourselves on the brink of a significant transformation driven by data, digital payments, artificial intelligence, and cross-border innovation.”

    He noted that “Current statistics underscore our potential: the ICT sector contributed 18.3 per cent to Nigeria’s GDP in the second quarter of 2025, and digital payment transactions exceeded N600 trillion in the first half of the same year, showcasing a 22 per cent year-on-year growth. Mobile money usage has surpassed 73 million, successfully reaching rural communities that were previously excluded.

    “To further solidify these advancements, the Central Bank of Nigeria has introduced the Payment System Vision 2020, a comprehensive blueprint for our digital future, incorporating AI, block chain settlements, and cross-border payments enabled by the African Continental Free Trade Area.”

    Titus added that no robust digital economy can flourish without an equitable and effective tax framework.”

  • Lagos Business School hosts graduation conference for ICSIF fellows

    Lagos Business School hosts graduation conference for ICSIF fellows

    Lagos Business School has hosted fellows of the Innocent Chukwuma Social Impact Fellowship (ICSIF) who recently graduated after months of intensive training, and capacity-building sessions.

    The event, which also doubled as the 2025 Innocent Chukwuma Social Impact Conference, brought together youth leaders, legal reformers, and civil society actors to chart sustainable pathways for justice and inclusive development.

    The event was themed “Sustainable Social Impact: A Roadmap for Youths in Transforming Societies”. 

    In his opening remarks, Dr. Silk Ogbu, Academic Director of the ICSIF Fellowship, warmly welcomed attendees and framed the significance of the gathering.

    He said: “It is my distinct honour and pleasure to welcome you all to the 2025 Social Impact Youth Conference, hosted under the auspices of the Innocent Chukwuma Social Impact Chair and Fellowship, in partnership with the Lagos Business School, and supported by Ford Foundation.”

    Ogbu continued that the gathering is not just in memory of a man but in the enduring spirit of his mission. 

    He said, “Mr. Innocent Chukwuma, a visionary and social justice advocate whose life’s work challenged norms, inspired change, and empowered countless young people to become catalysts for transformation.” He thanked Lagos Business School Sustainability Centre, and Ford Foundation for their support.

    Following the opening remarks, Mrs. Josephine Effa-Chukwuma, Executive Director of Project Alert and Chair of the Innocent Chukwuma Empowerment Foundation, joined virtually to deliver a deeply moving goodwill message that resonated with the emotional core of the conference. She called on the fellows and participants to look beyond the diagnosis and embrace bold action.

    “You know, in Nigeria, we all know what the problem is. What the problem is this, the problem is this. You’ve had enough of what the problem is. What is the way forward? As a social entrepreneur, as someone who is in the impact space, social impact space, you are there to solve a problem,” she said with emphasis.

    The keynote speaker, Oluseyi Oyebisi, Executive Director of the Nigeria Network of NGOs, spoke about collaboration and merged his address with trending GenZ slangs. “You need to be balancing collaboration with confrontation. There are times you need to confront. There are times you really need to collaborate”.

    “Social impact is not about charity. It is about one thing to see that transformation happen. It is about understanding that you must be able to change the world from anywhere, either from Nigeria or not.”

    Oyebisi challenged participants to move beyond surface-level goodwill and adopt a structured, enterprise-driven approach to social transformation.

    His address also emphasized the role of youth in deploying technology such as financial inclusion apps and the importance of cultural intelligence in leadership to build trust and mobilize collective action.

    The 2025 fellows, who proudly named their cohort “Blazzers,” include a diverse group of changemakers leading impact across sectors. 

    They are: Undie John Paul, Executive Director of The Leadership Insights Bootcamp; Yusuf Temilola, Executive Director of Foundation for Public Interest Law and Development; Tosin Ayodele Aniramu, Programme Officer, Centre for Citizens with Disabilities; Hammed Sulaiman, Editor at The Liberalist and Founder of The Peoples’ Mouthpiece; Nwankwo Praise Chidiebube, Founder of HerRise Foundation; Kingsley Emeka Awo, Managing Director Foresight Legal; and Peace Mayowa Adewuyi, Access to Justice Associate, The Firma Advisory.

    Others include Laura Chioma Nnamdi, Lead, Centre for Legal Support and Inmates Rehabilitation (CELSIR) Legal and Institutional; Oluyemi Orija, Executive Director of Headfort Foundation for Justice; Kehole Ideba Enya, Legal Officer, Basic Rights Counsel Initiative (BRCI); Olaiya Bisola Glory, Social Impact Leader at A Pad for Her and the Merithe Hub; Mauyon Sedoten Amosu, Head Of Legal Aid And Advocacy Learned Library Law Practice; Augustus Somtoo Ujueze, Principal Counsel, Orbit Legals and Attorneys; and Onyeka Nwigwe, Founder and Executive Director, African Resilient Initiative for Community and Sustainable Development.

    During the conference, a panel session on sustaining social impact featured Kehinde Ayeni, Executive Director of LEAP Africa; Julius Ilori, President of the Mandela Washington Fellowship Alumni Association; and Isaiah Owolabi, a consultant with PLAN International. 

    The session, moderated by one of the fellows, Laura Nnamdi, explored the complexities of growing organizations, managing burnout, and building coalitions for long-term change. 

    Speakers encouraged young changemakers to see collaboration as strength, not competition, and to prioritize building structures that can carry their missions forward.

    Another panel focused on access to justice and the intersection of law and social equity. Moderated by another fellow Yusuf Temilola, Executive Director of the Foundation for Public Interest Law and Development, the session featured lawyers and activists working at the grassroots level. 

    Kehole Enya of Basic Rights Counsel Initiative spoke on protecting vulnerable children through pro bono advocacy, while Somtoo Ujueze, Chairman of the Hope for Justice and Capacity-Building Foundation, shared experiences from providing legal aid and vocational skills to prison inmates.

    Read Also: Lagos Business School receives Onosode family’s N400m donation

    Praise Chidiebube Nwankwo and Oluyemi Orija both addressed the structural barriers to justice, calling for reforms that prioritize dignity and legal access for marginalized communities.

    In his heartfelt closing remarks, Undie John Paul, who served as the class governor for the 2025 cohort, encouraged his fellow graduates to carry their convictions boldly into the real world. 

    He challenged his peers not to retreat into comfort zones now that the structured fellowship experience had ended, but to continue to embody the courage and vision that the program represents.

    “This fellowship gave us more than knowledge—it gave us a community and a mission,” he said.

    Undie also encouraged new faces in the audience and beyond to apply for the next cohort of the ICSIF, emphasizing that the experience offers more than certificates.

  • Lagos committed to industrial growth — Ambode

    Gov. Akinwunmi Ambode of Lagos State has pledged to continue formulating and implementing policies and programmes that would consolidate the state’s position as the industrial and commercial hub of Nigeria.

    Ambode said this on Tuesday in Lagos during the 2018 Africa Industrialisation Day, themed: “Promoting regional value chains in Africa: A pathway for accelerating Africa’s structural transformation, industrialisation and Pharmaceutical Production.”

    He was represented by Mrs Olayinka Oladunjoye, the State Commissioner for Commerce, Industry and Cooperatives.

    Africa Industrialisation Day was proclaimed by the Assembly of Heads of State and Government of the African Union in 1989.

    Ambode said that the various projects in the areas of security, environment, infrastructural renewal and upgrade were designed to create an enabling environment that would promote industrialisation and sustain the state’s status as prime investment destination in Africa.

    He noted that government’s task was to demonstrate serious commitment to private sector participation through implementation of policies, programmes and best practices that encourage the productive sectors of the economy, including the pharmaceutical industry.

    Read Also: Lagos Assembly tasks Ambode on menace of drug abuse 

    The governor acknowledged that the private sector were key stakeholders and prime mover of the economy, and would continue to maintain its open door policy aimed at harnessing productive potentials using private sector as vehicle of economic growth.

    According to him, doing that will enable his administration fulfill its objective of creating employment, eradicating poverty and promoting sustainable economic development.

    He noted that government was not oblivious of challenges confronting entrepreneurs, saying that it would continue to engage members of the private sector to develop appropriate and sustainable solutions.

    Dr Salaudeen Jubril, Faculty Member, Lagos Business School (LBS), said promoting regional value chains would accelerate regional, international trade and investment flows, increase competitiveness and facilitate industrialisation of many economies.

    He said that Africa required more development financing, harnessing the potential of its youth population, infrastructural development and stable political environment to deepen industrialisation.

    Dr John Isemede, a trade expert, said that weak industrialisation was responsible for the continued decline in the value of the naira.

    Mr Muda Yusuf, Director-General, Lagos Chamber of Commerce and Industry (LCCI), said resolving impediments to Micro, Small and Medium Enterprises would facilitate and deepen value chain development and Africa’s economic integration.

    He urged government to address issues of taxation, power deficit, bad road networks, inefficiencies at the ports and low interest fund for businesses to thrive.

    NAN

  • LBS ranks among top 50 business schools worldwide

    The Lagos Business School (LBS) has been ranked among the top 50 business schools in the world in the Economist Magazine’s EMBA ranking.

    It emerged as the only Business School from  Africa in the global ranking following its Executive MBA Programme listed as the 48th best out of 65 schools which featured in the annual ranking.

    The Director of the MBA Programme, Dr Uchenna Uzo, said the institution was also ranked third in percentage increase in salaries upon graduation of students.

    He said the institution was judged based on quality of  the faculty, facilities,  career and personal development activities, salary differential, promotion, among others.

    He said  such recognition  would  boost the confidence of Nigerians to obtain high quality programmes in their country that is globally recognised.  He said it would also create more advantage and attracts  more international students.

    “This MBA ranking will multiplies the value  that our students get. We will be able to place our graduates in global organisations. It will also help us achieve our mission better which is to develop managers who are playing to win in Africa,  making a change interms of management,  improving the business landscape while focusing on our corporate values,”he said.

    Its Faculty  Director,  Dr Yinka David-West said LBS has also been awarded various accreditation and rankings since its inception 26 years ago.  She added that all the achievements so far has been a consistent and deliberate strategy to position LBS as a top-tier institution in Africa, which delivers global values.

    LBS Alumni President, Clare Omatseye, said the school  afforded her the education and values to excel higher in life,  adding that though it was a tedious experience, it was worth it.

    Another alumnus,Ayodele Akinwumi, said after  attending the programme four years ago, he was promoted. He said the school offers transformational programmes, which are relevant in the business  sector in Nigeria.

  • Raising business leaders for the future

    Junior Achievement Nigeria (JAN), a non-profit organisation, has selected 50 outstanding graduates and National Youth Service Corps (NYSC) members for a residential entrepreneurship and leadership programme at the Lagos Business School. TAIWO ISOLA was among them.

    Fifty outstanding graduates and National Youth Service Corps (NYSC) members have participated in a five-day residential entrepreneurship programme of the Lagos Business School (LBS).

    The participants, drawn from various parts of the country, were selected for the Venture in Management Programme (ViMP) based on the leadership skills they displayed during their service year.

    ViMP is a mini Master’s in Business Administration facilitated by the Junior Achievement Nigeria (JAN) – a non-profit organisation – that educates young people between the ages of 15 and 27 on financial literacy and entrepreneurship to make them self-reliant.

    The programme focused on preparing the participants to become business leaders who would run their own businesses and manage already-established ones and social enterprises.

    The programme featured lectures and interactive sessions with business leaders, including the chairman of KPMG Africa, Kunle Elebute; Chief Executive Officer (CEO) of Africa Initiative for Governance, Chienye Ogwo; and the Managing Partner, Growth Capital Fund, Tunji Eleso.

    The participants took courses in business strategy, management, entrepreneurship, finance, corporate governance, ethics and leadership, as well as MBA-modelled business cases. They were exposed to the concepts of Corporate Social Responsibility (CSR) and its impacts.

    After the lectures, each participant was required to impart the knowledge gained from the programme on primary and secondary school pupils in the Ajah axis of Lagos. This, the organisers said, will expose the trainees to the values of giving back to the society.

    The participants also had the opportunity to network with ViMP alumni, programme sponsors, and JAN board members.

    JAN founder and Executive Director Simi Nwogugu described ViMP as a platform for breeding future business leaders.

    She said the ViMP programme had been sustained by the changes championed by the alumni since its inception 19 years ago. She said many of the alumni had become top directors and leaders of industries, business firms and non-governmental organisations (NGOs), while others had started their businesses to add value to people.

    She said: “JAN has become an enviable platform for raising responsible business leaders. What keeps me going is the huge transformation people experience after passing through our process. Every year, we gather graduates at LBS for training in entrepreneurship, financial literacy and leadership. This exposes them to mentoring and creates opportunities for them to practically discuss real life business cases.”

    The highpoint of the programme was the advertising contest in which the participants were grouped into six teams, with the mandate to come up with innovative ways to advertise a particular product in an entrepreneurial manner.

    Presentations were made by each team and the panel of judges comprised faculty members from LBS. The panel evaluated each team. At the end, Taiwo Isola, a CAMPUSLIFE reporter and participant from Sokoto State, was the best presenter, while the most-innovative team was applauded.

    In his lecture, the Executive Partner of African Capital Alliance (ACA), Paul Kokoricha, tasked the participants on the firm’s core values of integrity, humility, excellence, discipline and contribution. The values, he said, are relevant to sustain any business.

    The Most Outstanding Male and Female awards went to Caleb Adebayo, a Law graduate of the Obafemi Awolowo University, and Elohor Udubrae, a Chemical Engineering graduate of Caritas University. Caleb, a former CAMPUSLIFE reporter, won the award based on his participation and contribution to activities in the course of the programme.

    Caleb said: “ViMP programme is amazing. It opened my mind to new vistas I had not seen before. I came to understand leadership and how character and teamwork amongst other things are essential. I learnt strategy and critical thinking through in-depth case studies. I understood the intricacies behind branding. Most important of all, I was constantly in the midst of 49 other intelligent and amazing youths, and the network and idea-sharing opportunity was one that I am also grateful for. From my conversations with them, I was spurred to keep hope alive that Nigeria will rise again.”

    The programme ended with a movie night experience, which had the participants taken to the cinema to see Black Panther.

    A participant, Joseph Okoroafor, said: “We have been equipped to go take over every sector of the economy and inspire the change we desire to see.”

    Another participant, Esther Agbenla, a Public Health graduate, said the programme had ignited the change zeal in her, having been exposed to skills that would enable them blend into the work environment.

    The programme was sponsored by ACA Foundation and supported by the LBS and Accenture Nigeria.

  • LBS alumi emerge finalists at 2018 MBA Awards

    Lagos Business School (LBS) alumi have emerged finalists for the Association of MBA (AMBA) Student of the Year and the Entrepreneurial Venture of the year respectively, at the 2018 AMBA Awards held in London, United Kingdom. Glory Eyinnaya (EMBA 21) and Aidenehi Okosun (MBA 14) emerged the finalists.

    The AMBA Student of the Year Award sponsored by the Wall Street Journal is for the high performing MBAs who demonstrate outstanding skills and motivation towards becoming tomorrow’s business leaders, while the MBA Entrepreneurial Venture Award celebrates the achievements of successful alumni who are pioneers in world-class business strategy.

    In a statement made available to The Nation, it said the awards also showcased the business schools that were nurturing the spirit of enterprise and ambition.

    According to the statement, Glory Enyinnaya, who is a Management Consultant, Entrepreneur and a Prosci-certified Change Manager had led the implementation of change on several technology implementation projects across Africa, including the West African team of the world’s largest SAP deployment.

    Enyinnaya studied accounting at the University of Nigeria and concluded an Executive MBA from Lagos Business School at the Pan-Atlantic University, Lagos in 2017.

    Currently, she is the founder and Lead Consultant of Kleos Africa, an online consulting platform which aims to enable value-adding interactions between African SMEs and experienced MBAs and professionals, with the aim of increasing the rate of successful entrepreneurship in Africa.

    She is also the Program Manager for the African Women Entrepreneurship Cooperative (AWEC), an initiative of the New York-based Centre for Global Enterprise, which aims to empower 3,000 African women entrepreneurs by the year 2021.

    She is also the President of the Lagos Business School chapter of the Beta Gamma Sigma, an international association for high-performing business-school graduates.

  • LBS launchs digital financial services

    The Lagos Business School (LBS) has said Nigeria’s development agenda must incorporate digital financial inclusion, hence the launch of the digital financial services by the school.

    The Financial Inclusion Conference 2017 was organised by the  LBS in collaboration with the BusinessDay, Microsave and the International Finance Corporation (IFC)

    In a statement made available to The Nation, the LBS appealed to governments at all levels and relevant agencies in Nigeria to work together and execute policies that would promote financial inclusion in the country.

    The Dean of the school, Enase Okonedo, said that financial inclusion had become a global trend hence the need to organise the conference so that Nigeria could achieve the desired objectives of the policy.

    He said the Sustainable and Inclusive Digital Financial Services initiative of the LBS launched the Digital Financial Services in Nigeria, adding that the report contained evidence-based insights on the state of financial inclusion in the country.

    According to him, using consumer demographic profiles, the report describes the characteristics of potential financial service- customers and also presents an examination of the policy and legal statutes guiding financial inclusion, while proffering market-enabling strategies for attaining the Central Bank of Nigeria’s commitment of 20 percent financial inclusion by 2020.

    Board Chairman of EfinA, Modupe Ladipo, said consumer protection was essential in financial inclusion as different consumers have different needs. “As a matter of necessity, we need to embark on research to know what our diverse populations of consumers want. Let us move from office-led practice of operations to a consumer-led practice,” she counselled.

    Ladipo who insisted Nigeria must meet global standards of operations, urged regulators to be more flexible and drive policies that would satisfy customers.

  • LBS alumni take pupils on tour

    The Advanced Management Programme (AMP) Class 26 of the Lagos Business School (LBS) has taken pupils of Community Senior High School, Ibeju, Lekki on an excursion to Modupe Cole Memorial Child Care Treatment Home School and the University of Lagos.

    The purpose of the excursion, according to Dimeji Olono, a member of the class, was for the children to learn to appreciate their parents, lives and God to give back to society just as Cole did.

    Olono said the pupils were taken to University of Lagos (UNILAG) to inspire them to pursue university education, adding that some of them may not have been to that part of the state.

    At Modupe Cole Memorial Child Care Treatment Home School, a teacher, Mrs Oluwaseun Adaranijo, took the pupils round the school, including the bed-ridden section, whose occupants, she said, never go out, except those of them who attend school.

    In another part of the dormitory were those who could move around and play while some talk, others cannot.

    She also took them to the boys’ hostel and vocational centre, which houses the the computer room, home economics food laboratory, home economics sewing laboratory, leather work and carpentry work shop, art and craft, barbing saloon, among others.

    Another teacher, Mr kareem Akim, gave a short history of the school, recalled that the Child Care Home Treatment School, which was established in 1960 by Mrs Modupe Cole from her flat at Babatunde Close, Surulere, and relocated to Akoka when the children increased in number.

    The Lagos State Government took over the school in 1976 and renamed it after Mrs. Modupe Cole when she died in 1980.

    Akim said there were three categories of pupils in the school the educable ones, who can cope in the classroom setting; the trainable ones, who can learn vocational skills, and the dependent, who cannot do anything by themselves.

    He said some of the dependent were up to 30 years but had the mental age of a nine-month old.

    Speaking after the tour, Enobong Esther, an SS2 pupil, said she learnt to be friendly and not look down on anyone.

    “I learnt to be friendly and not look down on anyone, because i felt uncomfortable when we came but after the speech by Mr. Kareem, I was enlightened about the conditions of the pupils and could touch some of them,” she said.

    Joy Egbotolorun, an SS2 pupil, said she learnt to be grateful. “I learnt to be grateful to everyone. I had compassion on the pupils and after the orientation; I asked myself, if normal human beings are ungrateful to one another and God, what should the physical challenged do?” she asked.

     

  • Lagos Business School receives Onosode family’s N400m donation

    The Lagos Business School (LBS) has received the sum of N400 million from the Gamaliel and Susan Onosode Foundation (GAMSU) toward enhancement of the institute’s research activities.

    The LBS said in a statement in Lagos that the donation was the second and last tranche of GAMSU’s disbursement in fulfillment of its pledge to the school.

    It said the donation was given by the Onosode family on behalf of GAMSU, a not-for-profit and non-political organisation.

    Onosode, a technocrat, administrator and a former presidential candidate of the All Nigeria People’s Party of Nigeria and Pro-Chancellor, University of Lagos, died on Sept. 29, 2015.

    The objective of GAMSU is to foster the success of the Nigerian child through innovative and flexible learning opportunities while providing the enabling environment, the statement explained.

    “This donation is towards the building of the International Management Research Centre (IMRC) which will be used for the school’s research activities.

    “To honour the family for its benevolence, the IMRC building will be named after the late Gamaliel Onosode as “The Gamaliel Onosode Management Research Centre.”

    Dr Enase Okonedo, LBS Dean, said the donation would foster the school’s objective of conducting relevant research that would impact on corporations and the society in general.

    Okonedo expressed gratitude to the Onosode family for the gesture and described Gamaliel Onosode as an exemplar in the practice of management.

    “He embodied the values we promote here at the school and we are indeed grateful to his family for making this contribution in honour of their father.”

    Ese Gamaliel Onosode said the donation, which was pledged in 2016, was to assist LBS in its commitment toward improving the quality of management in Africa.

    Onosode said they were confident that a management research centre in honour of Gamaliel Onosode would advance the quality of education of potential leaders in the country.

  • ‘LBS products doing exploits worldwide’

    ‘LBS products doing exploits worldwide’

    Products of the Lagos Business School, arguably Nigeria’s flagship business school have continued to hold their own wherever they find themselves, whether in the organised private sector or public institutions as the case may be.

    According to Francis Jakpor, the Communications Officer, Lagos Business School, the rigorous training and high level expertise displayed by resource persons and experienced faculty members easily attests to this.

    Participants in LBS’ programmes, Jakpor said in a statement, always stand out, thanks to the School’s focus on providing sound knowledge that equips them to succeed in Africa and beyond. To achieve this, LBS employs the services of world-class local and international faculty to facilitate its MBA and Executive Education programmes. These academics are oftentimes expert sources for financial/business intelligence and thought leaders whose research works are published in international journals of repute.

    The School’s full-time MBA programme, he stressed, is designed to prepare managers to succeed in the increasingly complex global business environment. Small wonder, then, that participants in the programmeare highly regarded both locally and internationally for the aptitude they display in their respective circles.

    He recalled that last year, former MBA student, Adebayo Alonge, emerged one of the finalists in the maiden Washington Fellowship for Young African Leaders.

    The Fellowship is the flagship programme of President Barack Obama’s Young African Leaders Initiative (YALI), which takes 500 young leaders to the US for academic coursework and leadership training.

    In the same year, Onyanta Adama, another MBA student, made the shortlist for the FT MBA Challenge with UK charity World Child Cancer. She joined five other students from Lagos and abroad to draft a plan on how Ghana could treat childhood cancer in a self-sustainable manner.

    Another thing working for LBS, Jakpor said, is its vibrant alumni. After the programme, they join a solid network of over 5000 alumni whose expertise they can leverage in their quest to take their careers or businesses to the next level. Such launch pads have never been in short supply from the pool of participants in LBS’ executive programmes.

    Earlier this year, Paul Orajiaka (AMP 20) revamped a rundown school in Ikorodu, Lagos. He assured that the project was the first in a long line of CSR initiatives that would cut across the six geopolitical zones of the country in months to come.

    This was preceded by his interview with Forbes magazine for starting his doll manufacturing company, Auldon Limited, with a paltry $30, and making it a success story in the industry.

    Other positive change agents associated with LBS include Dr Christopher Kolade, Professor Pat Utomi, Pascal Dozie and governors, top executives/managers of multinationals and medium-to-large scale businesses too numerous to count.

    Every institution worthy of the name stands for something, and LBS is no exception. LBS stands for sound knowledge, the right attitude and a solid network. With a mix of these characteristics, it empowers managers to succeed in the fast-paced 21st century business environment defined by cut-throat competition. LBS is recognised worldwide. Currently, the school is pursuing accreditation of the Association to Advance Collegiate Schools of Business (AACSB).