News Agency of Nigeria
EU, LBS share common vision for inclusive development –Dean

EU, LBS share common vision for inclusive development –Dean

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By Rukayat Moisemhe

Prof. Olayinka David-West, Dean of Lagos Business School (LBS), said the EU’s support for inclusive development aligns closely with the school’s mission and core aspirations.

She spoke during a fireside chat with Amb. Gautier Mignot, EU Ambassador to Nigeria and ECOWAS on Thursday in Lagos.

David-West noted that the EU had consistently invested in human capital, governance, health, education, and innovation across Africa, proving its long-standing commitment.

She stressed that global partnerships were vital in developing leaders who could succeed in today’s interconnected and rapidly changing world.

According to her, LBS recognises the importance of understanding local issues and the global forces shaping businesses and economies.

She said that international exposure broadened students’ perspectives, helping them align with digital and global economic shifts.

David-West applauded the EU’s focus on education and research, describing both as foundations for any nation’s sustainable development.

“At LBS, we’ve seen how knowledge, when combined with integrity and leadership, can be truly transformative,” she stated.

She said the school’s research, executive training, and policy-focused programmes aimed to nurture leaders who solve present and future challenges.

Mignot said the EU’s primary interest in Africa was sustainable development, investment, opportunity creation, and job growth.

He noted that Africa and Europe share demographic proximity and historic ties, so developments in one affect the other.

He expressed EU’s desire to deepen economic partnerships with Nigeria and the wider African continent.

“Official development assistance alone cannot achieve the SDGs. We must also mobilise private investments,” Mignot said.

He explained that EU cooperation in Nigeria focused on key sectors like smart agriculture, health, transport, renewable energy, and the digital economy.

Prof. Franklin Ngwu, Director of the Public Sector Initiative at LBS, said the school is committed to advancing sustainable leadership across sectors.

Ngwu said the ambassador identified several collaborative opportunities, which LBS was ready to explore as a leading academic institution.

He noted that LBS would assess how best to use these opportunities to support national development and public sector transformation.

Ngwu said the Public Sector Initiative works with government agencies through training, research, policy, and engagement to improve governance.

“These efforts align with EU priorities. We’re keen to partner with the EU, its member states, and Nigerian governments,” he said.

Mrs Nsima Ogedi-Alakwe, Chief Marketing Officer at LBS, reaffirmed the school’s commitment to grooming responsible leaders for Africa’s advancement.

She said hosting global leaders and industry experts, like during the fireside chat, reflects LBS’s active vision for Africa’s growth. (NAN)

Edited by Kamal Tayo Oropo

LBS champions initiative to sustain family business ecosystem

LBS champions initiative to sustain family business ecosystem

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By Rukayat Moisemhe

The Lagos Business School (LBS) has unveiled an initiative aimed at addressing challenges to  family businesses.

The aim is to engender lasting business legacies and increase the country’s Gross Domestic Product (GDP).

Dr Okey Nwuke, Director, LBS Family Business Initiative, made this known on Wednesday at a press briefing in Lagos to announce the LBS Family Business Conference.

Nwuke said the journey from a family business to an enduring family institution was a transformative process focused on legacy-building and shaping a brighter future.

He emphasised the need to preserve the legacy of family business, ensure that long-term businesses would be well managed,  and prepare the next generation for leadership roles.

The director said that while the importance of family business could not be over-emphasised, efforts to sustain the family business ecosystem was essential for its survival.

Nwuke stated that the family business conference scheduled for March 27 in Lagos would provide essential tools for long-term success in family businesses.

He said that key aspects such as succession planning, governance structures, financial stewardship and technological integration within family enterprises would be addressed.

“Under 30 per cent of family businesses live beyond their founders, and most of the issues that affect family businesses are usually swept under the table.

“At the LBS, through the family business initiative, family members, business successors and everyone important to the ecosystem are brought together to listen to each other, share experiences and bring out better outcomes.

“The theme of the LBS 2025 International Family Business Conference is: “Preparing the Next Generation for Stewardship: Building a Lasting Legacy for Family Businesses,” he said.

Nwuke said the keynote address at the event would be delivered by  Mr Aigboje Aig-Imoukhuede, Co-founder, Tengen Family Office.

According to him. other discussants include the Director of Punch Nigeria Ltd., Mrs Omowunmi Tunde-Obe; the Founder of Coscharis Motors, Dr Cosmas Maduka; and the Managing Director of Coleman Wires, Mr George Onafowokan.

The Chairman of LBS Family Business Advisory Committee, Mr Rasheed Sarumi, said that LBS was committed to institutionalising the yearly activity to discuss family business and family governance in Nigeria.

This, he said, was important to ensure that family  businesses would be run properly with the right succession plan to  contribute much to GDP, employment and reduction of poverty.

Oreoluwa Adeyinka, Senior Programme Manager of the initiative, emphasised the importance of successful family businesses to the Nigerian economy.

She added that the initiative would help to develop governance structure to drive longevity of family businesses. (NAN)

Edited by Ijeoma Popoola

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