African Export Import Bank (AFREXIMBANK) has called on Federal and State governments, private sector to foster the participation of the Nigerian business community in the 2023 Intra-African Trade Fair (IATF2023).
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Nigeria, one of the world’s fastest-growing economies, boasts a thriving business ecosystem characterised by its dynamism and resilience. Nigerian enterprises are widely recognised for their tenacity and relentless pursuit of global competitiveness.
In Nigeria, businesses have recently seen their fair share of voluntary employee resignations. Most notable was the “big quit,” an exodus of top tech talents from Nigerian Banks. Nigerian millennials and Gen Zers, who comprise a large percentage of job-hoppers, also account for the majority of the young workforce population in the country. Now, they are re-evaluating their working experiences after the hard hit of the pandemic. The Deloitte Global 2022 Gen Z and Millennial Survey reveals that the youngest generations in the workplace are now seeking balance, prioritising happiness, and expressing higher expectations for compensation.
Another trend that the pandemic brought forth is expatriates returning to their respective countries due to job loss or other reasons. This reverse-globalisation goes hand-in-hand with the sudden rise in the demand for local goods and services.
Nigeria initially declared a 14-day lockdown in Lagos State, Ogun State and the Federal Capital extended it by another two weeks and eventually lifted with strict rules in place for social distancing, covering our faces with masks and business outside of the home conducted between the hours of 8am and 3pm.G
The Nigeria Employers’ Consultative Association has advised governments to urgently accord businesses more structured and specific support to enable them to stay afloat and reduce the impact of Coronavirus on them.
The Chief Executives of Wema and Ecobank have advocated for policies to address issues of security, privacy and trust akin to emerging disruptive technologies to tackle digital technology frauds and ensure businesses success.
President Muhammadu Buhari says his administration will sustain the delivery of quality infrastructure across the country for investments and businesses to thrive.