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The Economy & You

CHANNEL: The Economy & You


The Economy and You - Lolade Abiola

Sun 1st Apr 2018

 The Rural Electrification Agency


The Economy and You - Sir Degun Agboade

Wed 21st Mar 2018

 Reports have revealed some of the key drivers of success for small and medium-sized enterprises (SMEs), showing an evolution in work practices, company culture and innovation. Other reports highlight the trends of collaboration, empowerment and adaptability as central to growth in subsequent years. In order to achieve the anticipated business success, SME leaders say the number one priority is to empower SMEs by building an environment that encourages creativity, innovation and collaboration. In this episode, our guest Sir Degun Agboade, the President / Chairman , Council of Nigeria Association of Small And Medium Enterprises, will be talking about how collaboration can be used as a key driver in generating better SME policy.


The Economy and You - Enase Okonedo

Wed 7th Mar 2018

 The importance of education cannot be over emphasized. Some school of thought are of the opinion that our educational system is unenviable while some others are saying that we are moving in the right path judging from the fact that Nigerian students are competing very well with their counterparts abroad. In this episode, we will try to provide a clear understanding of the education sector of Nigeria and its effect on our economy.


The Economy and You - Yoanna Chikezie

Sun 4th Feb 2018

 Nigeria’s creative industry has huge potential to create jobs and earn foreign exchange. Despite the rapid growth experienced in this industry, issues around protection of intellectual property remain a major impediment to its full economic actualization. Recently, there has been increase in advocacy for better reforms in Nigeria’s intellectual property (IP) space for full economic benefits of IP creators.


The Economy and You - Ajibade Oluwabiyi

Thu 1st Feb 2018

 In terms of economic value, installing proven and efficient technologies means profitability for company shareholders, job creation for the unemployed, increased wealth for employees and a solid tax base for the government. It is good news for the Nigerian economy and the sustainability of the environment that used batteries are now being collected and exported to foreign countries where they are processed and the lead content re-used in new battery production. Knowing that millions of Li-ion batteries are discarded every year and given the high cost of lithium cobalt oxide, salvaging these precious metals makes economic sense. And so one wonders why only a few companies recycle these batteries.


The Economy and You - Abiodun Afolabi

Thu 25th Jan 2018

 Time as it is said is money and is precious especially when it comes to running a business and so, a critical asset for any economy which requires careful attention. There are never more than 24 hours in a day, you create it and you can manage it. The simple reality and ultimate truth is that time management plays a very important role not only in organizations but also in our personal lives. Therefore, Nigeria must embrace strategic time management as an important tool in their quest for economic growth.


The Economy and You - Kunle Soriyan

Thu 18th Jan 2018

 Creative disruption is a phrase that has been used in the marketing world for more than a decade to describe the desired break in existing patterns of behavior of the target audience in response to a highly creative message (advertising). Disruption is increasingly the norm for brands today and every year, as our digital and physical worlds merge, breaking more barriers to competition. No one would have anticipated how rapidly Zipcar, Uber, and Airbnb would disrupt the foundations of these traditional business models, but it has. In this episode, our guest a Futurist & Nation Builder, Mr. Kunle Soriyan, will be discussing how we can prepare for this new age of creative disruption and how this will affect the economy.


The Economy and You - (Tomi Okunsipe)

Thu 21st Dec 2017

 As the retail industry is relaxing in what is predicted to be a profitable holiday shopping season, we look to the year ahead, working to stay ahead of consumer trends, emerging technologies, and disruptive changes. Despite all the hypes about the recessions, retail is not dead but thriving, and 2018 promises to hold a few new trends that will add up to an exciting year. In this episode, our Guest Mr. Tomi Okusipe, CEO of Secoya Limited will be looking at the forecast of retail sales growth in 2018 and the opportunities in the sector. Welcome to The Economy and You powered by First Bank of Nigeria in association with Enterprise Development Centre of the Pan- Atlantic University. My name is Olawale Ajiboye , welcome to the program, Mr. Tomi Okusipe


The Economy and You (Akin Denton)

Thu 14th Dec 2017

 The Pension Reform Act 2014 requires any employer with three or more employees to comply with the act by ensuring its employees open RSAs with remittances made monthly into them. This will ensure that small business employees work to drive growth and profitability of their companies, with their wellbeing at retirement well taken care of through secure pension savings and investments as stipulated by the Act. In Nigeria, 37m small businesses contribute 48.47% to the GDP and the sector is largely untapped by any structured pension scheme and represents over 70 percent of Nigeria’s total working population. This huge population is financially vulnerable at old age as most of them don’t even have savings to fall back on. Incidentally, they contribute largely to the Gross Domestic Product (GDP) of Nigeria while, the formal sector workers enjoy the protection of the Contributory Pension Scheme (CPS). In this episode our guest Mr. Akin Denton, Head Trade Process & Settlement of First Pensions will be discussing opportunities and benefits for SMEs in the pension industry.


The Economy and You (Oyetoyan K. V)

Sun 3rd Dec 2017

 Small and Medium Enterprises (SMEs) play a very important role in the development of any economy. In Nigeria, SMEs make up about 97% of the entire economy, serving as a bridge to wealth and job creation. Tax policies have been identified as one of the key economic factors that can affect the performance of this sector thus; the taxation of SMEs is an important topic for policy makers. Join us as Mr. Kunle V. Oyetoyan, Partner/Tax Advisory Services, Ijewere & Co. discusses how tax policies affect SMEs.


The Economy and You ( Dr. Osamiluyi and Dr. Osikoya)

Thu 30th Nov 2017

 Technology has helped bridge gaps in the healthcare industry in developed and developing nations. Advancements in information gathering, research, treatment, and communication have given medical providers new tools to work and new ways of medical. As technology improves by the day, new developments are constantly infiltrating our lives - from the way we shop, communicate with friends, do our jobs to the way we travel, the impact of technology is being felt in everything. Given this current trends, health practitioners in Nigeria will do well to tap into the benefits of information technology to change the face of medical practice in the country. In this episode, our focus is on the Health Sector and my guests are Dr. Adeniyi Osamuluyi , founder/CEO of Premier Systems and Dr.(Mrs) Oluwatosin Osikoya, Business Manager of Levande Healthcare Company. We shall be discussing the use of technology to improve health­­­care delivery in Nigeria.


The Economy and You ( Ikechukwu Kelikume)

Sun 19th Nov 2017

 Agriculture in Nigeria can be described as the New Frontier for economic development and the future of agriculture in Nigeria lies in innovation and economic interventions, but can any of the many approaches for intervening in the sector be successful without harmonizing the stakeholders? The farmers, investors, regulators and more importantly the consumers. Breaking new grounds in Agriculture requires a radical approach involving research, funding, developing new technologies and synergizing by all involved. Join us this Sunday as our Guest, Dr. Ikechukwu Kelikume, Director of Lagos Business School Agribusiness programme will be discussing Agriculture - The new frontier of economic development.


The Economy and You (Mrs. Ekaete Edet and Mr. Amaechi Ndili)

Sun 12th Nov 2017

 The hospitality industry is a multibillion-dollar industry that depends on the availability of leisure time and disposable income. A hospitality unit such as a restaurant, hotel, or an amusement park consists of multiple groups such as facility maintenance and direct operations (servers, housekeepers, porters, kitchen workers, bartenders, management, marketing, and human resources etc.). Records available to us show that the Hospitality/ Tourism Industry in Nigeria contributed about 4.8% to Nigeria’s Gross Domestic Product in 2016. This Sunday, our focus is on the Hospitality Industry and our guests are Mrs. Ekaete Edet a hospitality consultant and distinguished trainer with over 2 decades of experience and Mr. Amaechi Ndili the President, Golden Tulip West Africa and pioneer for African Hospitality Academy and will be discusing the Gains and Pains of the Hospitality industry on the Nigerian Economy.


The Economy and You (Tara Fela-Durotoye)

Sun 5th Nov 2017

 The business of beauty in Nigeria is on the whole, potentially lucrative. Nigerian beauty industry is vibrant and expanding. There has been sustained growth in the industry despite the economic challenges. Skin and personal care grew by 11% in 2014, although Nigeria’s economy grew at a slower pace in 2015, there is evidence that the industry expanded and this may be attributed to population growth and urbanization, as well as increased awareness about skin care and colour cosmetics. This Sunday, our focus will be on the creative sector and our guest is no other than the founder and CEO of House of Tara International; a pioneer in the bridal makeup profession in Nigeria and she will be discussing the impact of beauty and personal care industry on Nigeria’s economy.


The Economy and You ( Prince Tunji Falade)

Thu 2nd Nov 2017

 Agriculture is one of the pillars and most vital production sector of Nigeria’s economy. So much so that it has been dubbed “The new oil industry”. One of the key factors that drove the agric. sector was “collaboration” between the federal government and stakeholders in the agric. space. In 2016, the GDP in Agriculture grew by 4.11%, the overall GDP in 2016 was 25.49% which was a strong indication that the Agric. Sector impacted to the economy. Join us this Sunday as Prince Tunji Falade, Chairman LCCI Agric and Agro- Allied group will be discussing how Collaboration can help to foster growth in the Agric. Sector


The Economy and You ( Mrs. Adetokunbo Adewoyin and Mr John-Bede Anthonio )

Thu 26th Oct 2017

 Over the years, Nigeria remains an attractive export and investment destination for international businesses in the medium term because of its scale, resources, location and has the largest market in Africa, with a population of over 160 million people. The economic downturn in Nigeria over the last few years was as a result of the sharp decline in the export rates in the oil sector, and has caused a slowdown in the rate of exportation in that sector, even as oil was our major exporting resource. However, in recent times, more attention has been focused on the non-oil sector, opening up more opportunities, growth and attracting both foreign and local investments. The National Bureau of Statistics (NBS), revealed that Nigeria’s export trade in agricultural exports increased by 82 percent in the first quarter of 2017. With Nigeria being a major exporter to western countries especially in the areas of agricultural products, the question therefore is, how much opportunities and growth are there for the SMEs in the export sector? Join us this Sunday as Mrs. Adetokunbo Adewoyin, General Manager of Colossus Investments Limited and Mr John-Bede Anthonio, Co- Founder A-Z SME walks us through some of these opportunities


The Economy and You (Olusegun Alebiosu)

Thu 19th Oct 2017

 SMEs, how do you get funding for your business? SMEs in Nigeria usually see access to capital as an uphill battle. Many largely depend on financial institutions for investment credit and commercial banks for working capitals. The number one tip Business Experts give to capital eager SME's is to do their homework before approaching the financial institutions for a loan. In this week’s episode of The Economy and You, our guest Mr. Olusegun Alebiosu, the Chief Risk Officer; FirstBank, will walk us through the checklist for accessing loans from the bank.


The Economy and You (Femi Oye)

Thu 12th Oct 2017

 Nigeria just like any other country needs a community of leaders who can drive change for social impact. This no doubt calls for innovative approaches that create economic value while addressing its ever growing critical social problems. Social entrepreneurs now engage stakeholders to influence and initiate the much needed behavioral changes in Nigeria. How can social enterprises successfully and sustainably address these issues while also contributing to Nigeria’s economy? In this episode, our guest, Mr. Femi Oye, CEO Green Energy & Biofuels/ Founder of SMEFunds will be discussing the “Gains and Pains of Nigeria’s Emerging Social Sector”.


The Economy and You (Andrew Efurhievwe)

Thu 5th Oct 2017

 Record has shown that there has been a significant increase in Global financial leasing development in the world's major countries. In Nigeria, since the advent of modern leasing, over 250 companies have been involved in the business, generating N1.26 trillion in 2016. This represents 14% growth over N1.1trillion in 2015. With this development, the Equipment Leasing Association of Nigeria (ELAN) has urged the federal government to encourage the leasing industry and pay greater attention to this sub-sector to save the nation’s economy from further distress and promote economic growth. In this episode, our guest is Mr. Andrew Efurhievwe, the Executive Secretary of Equipment Leasing Association of Nigeria (ELAN) and we will be focusing on the impact of Leasing on the economy and as a financial option for entrepreneurs.


The Economy and You (Dr. Mohammadu Tukur )

Thu 28th Sep 2017

 Research has shown that 99 percent of businesses in Nigeria are MSMEs which have been instrumental to GDP growth and hub for job opportunities. However their growth potential are hampered by a number of elements such as some unfavorable laws and policies regulating the sector. It is against this backdrop that the Abuja Enterprise Agency (AEA) was established to champion the awareness of the importance of entrepreneurship and provide excellent support services to new and existing businesses within the FCT. Our guest this week is Dr. Mohammadu Tukur, Managing Director/ CEO, Abuja Enterprise Agency and we will be focusing on the role of AEA as a vehicle for SMEs growth.


The Economy and You (Manufacturing Sector)

Thu 21st Sep 2017

 The Manufacturing Sector is a key growth driver within the Nigerian economy. However, a number challenges are slowing down the optimization of the sector's potentials. Top on the list are Infrastructure (mainly power), access to capital and skilled labour. Input materials are still largely import dependent and our manufactured goods are not positioned for export. As the Nigerian economy is said to be out of recession, the manufacturing sector has the potentials to increase our foreign income receipts and self-sufficiency in products that are currently being imported. In this episode, we will be focusing on challenges and prospects in the manufacturing sector and our guests are three entrepreneurs who are thriving in the manufacturing sector, Mr. Abiodun Folawiyo, CEO Shoespeed, Mr.Oluwamayokun Makanjuola , CEO Lightbulb Engineering Limited and Mrs Mabel George, CEO Design City


The Economy and You (Olabode Abikoye)

Thu 14th Sep 2017

 The agricultural sector is the heart of many developing and low-income economies. The economic centrality of smallholders makes them extremely important and catalyst for broad-based economic growth. They are sometimes considered to be grass root of the economy. One key tool in improving smallholder productivity may be in the rapidly growing area of microfinance/ microcredit which refers to the provision of financial services to poor and low income people. Our guest Mr. Olabode Akiboye will be focusing on microcredit for small holder farmers.


The Economy and You ( Omatseye Nesiama)

Thu 7th Sep 2017

 Insecurity cannot be divorced from unemployment and poverty because an idle mind, they say, is the devil’s workshop. Since the past decade or more Nigeria has witnessed unprecedented levels of security challenges occasioned by the activities of militants, kidnapping, political assassination, ritual killings and violent armed robbery incidences in almost all parts of the country. These social menaces when put together impinge on the security of lives and property of both Nigerian citizens and foreigners living or even trying to invest in the country and these affects economic growth & opportunities significantly. Our guest, Navy Commodore Omasteye Nesiama will be focusing on security in Nigeria and its challenges & opportunities particularly its effect on the economy.


The Economy and You (Yemisi Obe)

Thu 31st Aug 2017

 Investment in Agro – processing will minimize if not eradicate waste in the agribusiness value chain, improve profitability and encourage more to participate. This will guarantee food security and propel more to export. Imagine the jobs that could be created and the catalytic effect on other industries. In this episode, we will be focusing again on the Agric. Sector and my guest is an ex banker with unbelievable interest in the sector and she will be discussing policies and interventions that are helping agro processing value chain thrive in Nigeria. Tune in for a fresh episode of The Economy and You with our guest Mrs Yemisi Obe, an ex-banker but now the Managing Director, Prothrive Astute Heights Ltd.


The Economy and You (Helen Emore)

Thu 24th Aug 2017

 There is no gain saying that Agriculture contributes greatly to any economy. The value chain in this industry range from farming to processing, retail and export to mention but a few. From the agro-processing value chain in Nigeria alone, opportunities for export abound where the foreign exchange earned is re-invested into the economy which acts as a catalyst for market expansion for even the non-agricultural sectors. Although agro-processing is a thriving value chain in the agriculture sector, there are issues that bother around costs of governance, power irregularities, regulations, and logistics amongst many others. Join us this Sunday on The Economy and You as our guest, Ms. Helen Ese Emore, a Business & Project Development Consultant and Founder, Aunty Helen Foods Processing Limited, discusses the opportunities in agro processing and solutions to the inherent challenges.


The Economy and You (Edi Lawani)

Thu 17th Aug 2017

 The entertainment industry (informally known as show business or show biz) is part of the tertiary sector of the economy and includes a large number of sub-industries devoted to entertainment. Prior to 2005, the entertainment industry struggled to generate the desired interest that will attract investors. It relied heavily on funding from “selected” sources or groups within the industry. However, the Nigerian entertainment industry has increasingly become important as it generates employment and serves as a tool for poverty alleviation. All segments of the entertainment industry in Nigeria are growing into multibillion-dollar businesses; and it is expected to grow above $8billion by 2019 according to the report by DLM research. It is pertinent to note that great investment opportunities exist in the Nigerian entertainment industry. The question therefore is, ‘has the time come for Africa to provide entertainment for the major percentage of the world’s 7 billion people?’ Join the Showbiz Meastro, Mr. Edi Lawani, Technical Director, Consultant & CEO of Kukuruku Limited, as he answers this and many more questions on “The Economy and You.”


The Economy and You (Ade Sofola)

Thu 3rd Aug 2017

 With most of today’s economies being unable to provide sufficient employment opportunities, non-governmental organizations are now fostering creativity and employability among students through entrepreneurship programs. This is why organizations such as Junior Achievement of Nigeria (JAN) came up to inspire and educate young people to become conscientious business leaders. So far, JAN has built the capacity of many students in getting them ready for the workforce and enterprise. Given the role of young people in shaping the world's economy and the fact that Nigeria has the largest generation of youths in Africa, there is a growing need to the job- seeking mindset of the Nigerian youths by exploring alternatives to job-creation strategies. Join us this Sunday on The Economy and You as Mrs Ade Sofola, Director of Programs at JAN discusses how JAN is empowering the young leaders through fostering entrepreneurial culture that will nurture the doers and dreamers of the next generation.


The Economy and You ( Olajide Adamolekun)

Thu 27th Jul 2017

 With a huge consumer market, growing economy and increasingly urbanized population base, Nigeria represents one of the biggest opportunities for the retail sector in Africa. However lingering concerns over select risk factors, including tariffs imposed on the industry, may affect investment in the near to medium term. Currently, more than 80m of Nigeria’s 182m citizens live in or close to urban areas, a figure that is set to rise in coming years as the economy moves away from its traditional rural base. This shift to the cities, and the rise of a broader middle class, represents a vast pool of customers for retailers. According to a report released by research firm McKinsey Global Institute, Nigeria’s consumption could rise to $1.4trn a year by 2030, from its present level of $388bn a year, an average annual increase of 8%. The retail sector has gone beyond just over the counter to online sales with the emergence of platforms such as Konga.com. With over 5 years presence in Nigeria, online retail business is growing with all fervor. However, despite the convenience of online shopping, a better percentage of Nigerians would continue to find it difficult to shop online except online retail stores in Nigeria get it right. Join us this Sunday on Rhythm 93.7Fm or log on to edcradioonline.com at 6.15pm for The Economy and You as our guest Mr. Olajide Adamolekun, Director, Commercial Operations, Konga.com discusses the successes and challenges of the Retail Sector in Nigeria. Date: Sunday 23rd July, 2017


The Economy and You (Omotola Talabi)

Thu 13th Jul 2017

 The demand of electricity is increasing by the day, for economic emancipation and in order to meet the Millennium Development Goals. Thus, Electric power supply is the most important commodity for national development. With electrical energy the people are empowered to work from the domestic level and the cottage industries, through the small-scale and medium industries to employment in the large-scale manufacturing complexes. According to the power sector, Nigeria has 13,400MW of installed power generation capacity of which 8,000 MW is mechanically available. Less than 4,000MW is dispatched on the average over the last two years due to constraints in gas supply, electricity transmission, and, distribution. As a result, the lack of constant electricity supply has discouraged consumers. Many efforts have been made to close this gap including privatization of the power sector, which is believed will bring about efficiency. The Federal Ministry of Power on the other hand said an estimated $3.5 billion budget appropriations will be required as part of the funding plan needed to revive Nigeria’s power sector. This is expected to ensure that a minimum baseline power generation of 4,000MW is guaranteed and distributed daily from 2017, to ensure stability of the grid. Join us on “The Economy and you “this Sunday as our guest, Mr. Omotola Talabi, CEO Elektron Power Limited discusses the role of power in economic development. Date: Sunday 9th July, 2017


The Economy and You ( Sir Gbenga Badejo)

Thu 6th Jul 2017

 Taxes, and tax systems, are fundamental components of government revenue generation. They build capacity to provide security, meet basic needs and foster economic development. However the capacity of the government to provide her citizens is limited when individuals and organizations evade taxes. This is the raison d’etre why the Acting President, Yemi Osinbajo on Thursday offered nine months grace period to tax payers to regularize their tax status or face criminal prosecution for tax offences. According to him, people can only pay more attention to what government is doing and hold them accountable when they pay their taxes. In the studio with us this Sunday to discuss the tax issues and its impact on the SMEs in Nigeria is Sir. Gbenga Badejo, Managing Partner /CEO of Gbenga Badejo &Co.


The Economy and You (Monalisa Chinda)

Thu 29th Jun 2017

 It is now a fact that Nigerian entertainment sector is worth billions of dollars and has generated 6.54% in Q4 of 2016 to the Nigerian economy. This is not surprising at all, given the way theindustry, particularly Nollywood and music production, have exploded in the last 10 years. No wonder why Nigerians born abroad are coming back home to compete well with skillful younger ones who are making Nigeria proud in theinternational entertainment markets in music and high quality movies thereby, making the industry to grow even more. There is no gain saying that the Nigerian entertainment industry has enormous potential both in terms of creativity and opportunity. Theevolution of our music over the last decade has been phenomenal thus, the need for us to focus more on Nigerian entertainment sector because there is still a huge gap in the industry that has to be filled. The industry has the potential of creating employment and actively engaging the Nigerian youths. Our guest is Ms. Monalisa Chinda, an award winning actress, film producer, philanthropist, and TV host. Date: Sunday 25th June, 2017


The Economy and You ( William Iheanacho Otabil)

Thu 22nd Jun 2017

 Small businesses and start-ups are the engines that will power Nigeria’s growth into the future,” “The sooner we start supporting our proudly Nigerian suppliers and service providers, the better for us. With our support, they can create wealth and jobs for the country and many of them can grow into globally competitive brands. On May 25, 2017, an Executive Order compelling state agencies to direct about 40% of procurement to Made-in-Nigeria goods by the Acting President puts spotlight on local manufacturers through initiatives such as the Made-in-Nigeria Dress Days. Locally made products accounted for 89.2 percent contribution toward Nigeria’s Gross Domestic Product in 2014, a far cry from 68.9 percent contribution recorded in 2011. In Aba alone, there are 15,000 shoemakers, who produce 300,000 shoes daily while one million of those shoes find their ways to Europe and other parts of the world on a weekly basis. The exports are estimated at about N1 billion weekly. This therefore explains the need for the Acting President’s executive order reaffirming the Federal Government’s determination to drive the Nigerian economy with locally manufactured products. In this episode, our guest Mr. William Iheanacho Otabil, the Chairman of the Buy Naija Project, will discuss the importance of this Executive Order.


The Economy and You (Rev. Sunday Folayan)

Thu 15th Jun 2017

 Did you know that Nigeria loses N127bn yearly to cases of Internet frauds across all sectors of theeconomy and N10 billion annually on hosting domain names abroad? Nigerian Internet Registration Association (NiRA), a self-regulating body that manages the .ng national resource has said that it is focused on championing the course of ensuring that Nigerians begin to inculcate the culture of registering everything in .ng domain name and then check thecapital flight that goes with hosting such domain name aboard. With 99% of what NiRA has registered being hosted outside Nigeria, the Nigeria Internet Registration Association (NiRA) has mapped out strategies to deal with issues of internet abuse by various forms of arrangements. Join us this Sunday on” The Economy and You” as the President of NiRA, Rev. Sunday Folayan, will be in the studio to talk more about NiRA , its efforts in identifying those contributing to the growth of the.ng domain name registration and the promotion of the DNS Industry. Date: Sunday 11th June, 2017


The Economy and You ( Patience Otrofanowei )

Thu 1st Jun 2017

 Transportation is a critical factor in the economic growth and development of a nation. It is an essential part of human and commercial activities and a wealth creating industry on its own. Inadequate transportation limits a nation’s ability to utilise its natural resources, distribute food and other finished goods and integrate with other infrastructural facilities. There is the need therefore to maintain and improve the existing transportation and build new infrastructures for a national wealth. This is even more so in a global economy where economic opportunities have been increasingly related to the mobility of people, goods and information. Apart from the fact that a well-coordinated and integrated transport system is an enabler for movement of goods and services, it is also a critical infrastructure needed to complement and support government programs and activities. Join us in this episode of “The Economy and You” as we bring you Mrs. Patience Anne Otrofanowei, the Managing Director of Swift Rental Cars Ltd.


The Economy and You ( Otunba Bimbo Ashiru )

Thu 25th May 2017

 According to the International Monetary Fund (IMF), Africa has over the past decade, become theworld’s most exciting economic frontier, transforming and offering hope for gainful entrepreneurship. Africa grew despite the global recession and it shows no signs of abating. The continent is on course to achieve economic growth of around 4.5% this year, a rate higher than predicted for themature economies of the world. This shows that there is something unique about what is happening on the continent now. With the predominant contribution of MSMEs to theeconomic growth of any nation, it is important for economists and policy makers to identify measures that can help small businesses grow into large enterprises. Hence, the government, the financial sector, the non- governmental and other relevant stakeholders need to play a role in thedevelopment of SMEs in Nigeria. In this episode, the Ogun State Commissioner for Commerce & Industries, Otunba Bimbo Ashiru, will be discussing the specific policies that is enabling the SMEs to develop particularly, in Ogun State.


The Economy and You - Laoye Jaiyeola

Thu 18th May 2017

 The Nigerian Economic Summit Group (NESG) was formed in 1996 as a platform for public-private sector cooperation on Nigeria's economic development. The NESG engages government, private sector, and civil society on key development issues and economic policies in Nigeria. The strategic roles of the Group include those of being a; Dialogue Partner: Shaping policy through public debate, Connector: Instituting change through influence that mobilizes action. Over the years, the Group has made significant input into policy changes in Nigeria through independent research and advocacy and has also been able to shape policies through its annual economic summits and other high level policy engagements. Recently, the NESG has been on many fronts including making a series of presentations to various Senate Committees covering a myriad of sectors in the economy. They have also urged the Federal Government to adhere strictly to the implementation of the Economic Recovery and Growth Plan (ERGP) so as to achieve the desired impact on the economy.


The Economy and You ( Yewande Sidaku)

Thu 11th May 2017

 The Nigerian Investment Promotion Commission (NIPC) is a Federal Government Agency established by the NIPC Act N0. 16 of 1995,to promote, co-ordinate and monitor all investments in Nigeria. The NIPC has been at the centre of the Federal Government of Nigeria’s efforts to diversify her economy and move away from overreliance on theoil and gas sector by providing a fertile ground for investments. The NIPC has created a One-Stop Investment Centre as a strategy to streamline investment procedures, provide prompt, efficient and transparent services and coordinate investment-facilitating agencies. Statistics has shown that Nigeria in the last four years spent about N30trn importing goods from all over the world, with the bulk of the goods streaming in from China. In view of this record, theFederal Government, through the NIPC has begun to prioritize domestic direct investment. Join the Executive Secretary of the NIPC, Ms. Yewande Sadiku on the Economy and You, as she discusses NIPC’s strategies in helping the SMEs meet Foreign Investors and also develop theeconomy and drive industrialization in Nigeria.


The Economy and You (Femi Osemwegie)

Thu 4th May 2017

 Real Estate remains a critical sector of the Nigerian economy. Indeed we have made progress in the last decade especially in pro-active states but more needs to be done as the sector has the potential for job creation. Besides, movement from rural to urban areas is happening faster than anticipated, thus putting pressure on existing infrastructure. Innovative organizations are however using the "sharing economy model" to disrupt the sector. Join us on another episode of The Economy and You! as Mr. Femi Osemwegie, former Executive Director of Pison Housing Company & founder Practical Habitat Ltd, takes us through how innovative models are re-awakening the sector.


The Economy and You (Tunji Andrews)

Thu 27th Apr 2017

 The new forex allocation to SMEs triggered some mixed reactions among the stakeholders in foreign exchange market in Nigeria. This action has opened forex window for SMEs to the tune of $20,000, per customer per quarter and this will reasonably address the FOREX challenges of the SMEs and encourage productivity in the country. While stakeholders and analysts are diverse in their reactions to the new policy, Manufacturing of Nigeria (MAN) and Lagos Chamber of Commerce and Industry, (LCCI), said the new CBN guideline on special FX allocation to SMEs is commendable as it would trigger productivity, employment and wealth creation in the country. In this episode we will be looking at the impact of the current FOREX allocation on Small Businesses in Nigeria.


The Economy and You (Rilwan Adebola Fashina)

Thu 20th Apr 2017

 Made in Nigeria products are becoming more important in ensuring economic sustainability in the country particularly, with the situation of the economy. For made in Nigeria goods to match up with international standards, there are requirements that must be met. The Standards Organization of Nigeria (SON) has the mandate to promote industrial and economic development by ensuring that Made-in-Nigeria products meet the requirements of the relevant industrial standards. When SMEs meet these requirements, this creates economic growth. Our guest Mr. Rilwan Adebola Fashina, Head, Public Relations ,will be in the studio to discuss some of the steps that SON has taken to ensure that products manufactured in Nigeria meet international standards.


The Economy and You ( Akin Oyebode)

Thu 13th Apr 2017

 Challenges of small and medium scale enterprises (SMEs) in Nigeria are linked to variables that define the economy. Some of these challenges include, low industrialization capacity, access to finance, inconsistent government policies at various levels, inadequate infrastructure and insecurity of the business climate among others. It is against this backdrop that the Executive Governor of Lagos State, His Excellency, Akinwunmi Ambode established the Lagos State Employment Trust (LSEFT) in 2016, with the objective to provide financial support, access to information and capacity building to Lagos State residents in order to reduce unemployment across the State. In this episode, Mr. Akin Oyebode, the Executive Secretary of LSETF will be discussing the role of the government as an enabler for SMEs growth.


The Economy and You (Mazi Sam Ohuabunwa)

Thu 6th Apr 2017

 Just like in any economy, Small and Medium-sized Enterprises (SMEs) are being targeted as never before in Nigeria for their potential to stimulate growth and create jobs. Many of the development agencies like the World Bank, Bank of Industry, and Private sector among others have rolled out programs for developing SMEs. Looking back, one may ask, has there been any real attempt on the part of government to formulate tangible and lasting policies to support the small business sector? In this episode, our guest, Mazi Sam Ohuabunwa, MON, OFR and Chairman, PMG-MAN will be discussing how the government can initiate collaboration with the private sector to support SMEs for job and wealth creation in Nigeria.


The Economy and You Olumuyiwa Coker

Thu 30th Mar 2017

 The Nigerian Tax System has undergone significant changes in recent times. The Tax Laws are being reviewed with the aim of repelling obsolete provisions and simplifying the main ones. In evaluating the tax regulation in Nigeria, we must address the plight of SMEs. How has tax regulation affected the SMEs operation in Nigeria? How can they get the required professional help from the concerned practitioners so that they don’t get slammed by the sledge hammer of the 3 tiers of Government?


The Economy and You (Adewole Adeyemi)

Thu 23rd Mar 2017

 Social enterprise is attracting a lot of attention around the world as a great way to make the world a better place. Recently the Nigerian government launched a N500 billion social investment programme that involves direct cash transfers of N5,000 monthly to one million beneficiaries in poor vulnerable households / graduates, feeding of 5.5 million primary school children, training of 500,000 graduates as teachers and 100,000 non-graduates as artisans and other special intervention projects. It however deduced that if the country had a vibrant social enterprise sector, some of these funds could be channeled through credible social enterprises. Therefore, Nigeria needs innovative and creative social entrepreneurs to revive the country's social economy and address growing social difficulties as Social Enterprises may be the vehicles to accelerate change in the economy. Our guest on The Economy and You is Mr. Adeyemi Adewole, MD, Adcem Healthcare Ltd and he will be discussing the impact of economic policies on the social enterprise & healthcare sector.


The Economy and You (Paul Orajiaka.)

Thu 16th Mar 2017

 A good number of SME’s get to a stage where the pertinent question becomes “How do I grow? The challenge is usually seen as solvable by funding. However, it has been shown that mere availability of funds does not result to growth, as getting funds at a high cost, improper determination of the amount required, and a lack of focus on value-driven growth can lead to troubles. Oftentimes, SME’s are impatient and want to vault to a larger size. The absence of proper planning, phased growth, and careful consideration of resource use is prevalent in the sector. In spite of the seeming difficult times, growth is possible when phased, and carefully considered. Given the present state of the economy, SME’s need to not just survive, but also strive to grow their business. Our guest today Mr. Paul Orajiaka, the Chief Executive Officer of Auldon Limited and an alumnus of London Business School, IESE Barcelona amongst others, found himself at a crossroads once and decided to out-source part of the production of his Unity toys so as to reduce the production costs. There are lessons to learn from the challenges that he overcame.


The Economy and You (Antti Ritvonen)

Thu 9th Mar 2017

 When you consider the hierarchy of human needs food is a top priority. Man has therefore since time immemorial farmed. Farming therefore became a science such that it is studied with the aim to improve volumes and varieties. Some countries are able to feed themselves and export special crops; others are able to produce those crops which define the national staple. In Nigeria, the general perception is that we have lost prominence in certain produce, and have come to depend on importation for key crops/produce, which with some focus, can be farmed in Nigeria. Given the mono-product base of our economy, the agricultural sector, according to the experts, has the potential to diversify the country’s economy, create a significant number of small & medium businesses across the agricultural value-chain, ensure food security and create a new line of foreign exchange earnings. For the agricultural sector to grow and reach its full potentials, deliberate steps need to be taken – steps, which are not limited to increased access to funding for farmers, value-add industrial creation, introduction of innovative agricultural technologies and massive education of the youths about the entire agriculture value chain. In this episode of The Economy and You, Mr. Antti Ritvonen the Country Manager of Dizengoff Nigeria, will be shedding light on the huge potentials of the Agricultural sector.


The Economy and You (Mrs Ore Sofekun)

Thu 2nd Mar 2017

 SMEs often say access to funding is one of the main challenges that they face yet some investors will tell you differently. They have funds available but cannot find the right persons to invest in. Recently in Nigeria several types of investors have sprung up from Venture Capitalists to Angel Investors and they are solely focused on developing the SME sector. In this episode of The Economy and You, the president of Fund Managers Association of Nigeria (FMAN), Mrs. Ore Sofekun will be shedding light on the different funding options available to SMEs and what needs to be put in place to access these funds.


The Economy and You ( Bayo Rotimi)

Thu 23rd Feb 2017

 The Nigerian economy is experiencing its worst performance in almost 3 decade according to leading economist in the country. The combination of weak oil price, high inflation, reducing forex reserve and depreciation of the Naira is a situation no country would wish to be. Will the 2017 budget which has been tagged budget of growth and recovery live up to its billing? Will the 30% on Capital expenditure lead to the inertia needed to get the economy back on track?


The Economy and You Hajiya Aisha Abubakar

Thu 16th Feb 2017

 Have you often heard the cliché that SMEs are the engine of growth? Well in Germany not only is it true, Government action deliberately makes this happen! They support the “German Mittelstands” (SMEs) on key issues like investment in R&D, the skills shortage, foreign trade and investment, financing needs, company start-ups and company hand-overs. Little wonder, during the great recession 10 years ago, Germany actually exported more and unemployment decreased! Nigerian SMEs can play similar roles in stabilizing the economy. The Government must however build their capacity and support them as it is being done in most developed economies.


The Economy and You - Mrs. Ibukun Awosika

Thu 9th Feb 2017

 In the last 18 months, most businesses especially SMEs have struggled to remain profitable. The business environment has been nothing but harsh. Jobs have been lost and for those in employment, underemployment is becoming acceptable. Yet, job creation remains a top priority of this administration. How can we inspire the average Nigerian to venture, create jobs and grow the economy? Can supporting SMEs in a structured way both from policy to financing, capacity building to advisory services help in building a stronger SME ecosystem as it is been done in developed economies?


The Economy&You - Anuoluwapo Eso

Thu 14th Jul 2016

 MSMEs are the engine of job creation in Nigeria. With so much emphasis on Government as panacea to our economic and other difficulties, small businesses are often underestimated because, they are in fact, small. The truth is there is nothing small about the impact they have on the Nigerian economy. Recognizing the indispensability of the small-scale, private sector enterprise as the dynamic impetus for general economic development, many countries have instituted enterprise support networks and structures to fuel the development of these enterprises. Nigeria is not an exception in this regard. Join us on The Economy and You as Mr Anuoluwapo Oladele Eso, Founding and Managing Partner of ANU ESO & CO (AECLEGAL), sheds light on Government Incentives for SMEs and the Legal framework for creating jobs.


The Economy&You - Tekena Koko

Thu 7th Jul 2016

 Many of us feel that gold is way out of reach, and it is only for the affluent. What we don’t realise is that Gold is traded all over the world, in small units of measurement; so you don’t have to buy a gold bracelet, you can simply buy as low as 1gram! This level of affordability makes gold accessible to small and medium sized investors. These investors would usually be SME’s who wish to save some of their cash earnings, but find that typical bank deposit rates are much lower than inflation, and the Stock Exchange is perhaps rather volatile, and at this time bearish. Investment in gold as an asset is a real possibility. Over the past month the price of an ounce of gold increased by 9%. This is a pointer to the intrinsic value of the metal. Nigeria is not just blessed with gold deposits, but an active market for gold as a fashion accessory.


The Economy&You - Wole Famurewa

Thu 30th Jun 2016

 Some analysts have described the recent policy unveiled by the Governor of the Central Bank of Nigeria to float the Naira in foreign exchange transactions as a measure that would promote economic growth. It is the belief that this new policy will cleanse the old system whereby FOREX trading in the country was loosely regulated. With the new flexible foreign exchange policy barely a week old, the Central Bank of Nigeria has appointed 16 banks as primary dealers. The idea is for the new forex regime to markup revenue estimate by over N1.0trn. What could be the limitations or benefits of these measures?


The Economy&You - Tonye Cole

Thu 23rd Jun 2016

 The youth is the recognizable driving force of every economy, as they form the core of the national workforce. Nigeria is blessed with a predominantly youth population. Official figures from the National Bureau of Statistics put youth population (aged between 15 and 35) at 70 million people; accounting for 42% of the country’s population. However, despite the potential of the large population, our youths are still far from living up to their potential. Join us on this episode of the Economy and You as Mr. Tonye Cole, co-founder and executive director of the Sahara Group, Founder, the Nehemiah Youth Empowerment Initiative sheds light on the huge economic benefits if the potentials of the youth population are optimally harnessed.


The Economy&You - Oladotun Togun

Thu 16th Jun 2016

 Nigeria has witnessed high levels of insecurity challenges in the last few years. These crises have come in various forms - communal, religious, political, and socio-economic, with varying degrees of casualty. However, the greatest casualty has been the economy. Many views have been directed towards the security issues from both the international community and within Nigeria. Insecurity in any society kills economic development and hinders investors from exploring business opportunities. Nigeria has been hit by insecurity and this has direct or indirect implication for economic growth.


The Economy&You - Capt. Matthew Ekeinde

Thu 9th Jun 2016

 The aviation sector plays a key role in the growth of any economy. With 27 commercial airports scattered across the country the sector contributed about $0.7 billion (N137.9 billion) to the Nigerian Gross Domestic Product (GDP) by May 14, 2014 despite the challenges facing the sector. As one of the most attractive African destinations for foreign airlines, there is huge potential in the sector but unfortunately, the current state of the economy is hindering the operational stability in the sector due to high exchange rates, unavailability of forex, and the chronic shortage of aviation fuel. Join us on Rhythm 93.7 FM this Sunday at 6:15pm as Capt. Matthew Ekeinde, a renowned pilot in the Nigerian aviation sector opens up on the horizon in the aviation sector.


The Economy&You - Bolaji Ososami

Thu 2nd Jun 2016

 The discovery of oil in commercial quantity in Nigeria in 1958 was a blessing, this brought a lot of prosperity to the people and oil became the key export commodity of the country. Unfortunately while oil prospects increased other sectors that grew the economy in the past, like agriculture and solid minerals, were neglected. The over-reliance on oil turned Nigeria into a monolithic economy making the effect of the recent slump in global oil prices particularly drastic. Official data shows that the sector currently accounts for more than 90% of total exports and 70% of government revenue. However at the end of year 2015, the sector made a paltry contribution of 10.45% of the real GDP. The sudden decline in oil price had trickling effect on other sectors of the economy, however it is worthy to mention this isn’t the first time. As the price per barrel edges upward of $50, what are some of the effects of the slump and in general the oil sector on the Nigerian economy?


The Economy&You - Baba Ikazoboh

Thu 26th May 2016

 A productive workforce of a nation brings about economic growth. Manpower development involves investment in education, training and the presence of other social services that impacts the capacity of the workforce. In Nigeria, a clear strategy for the development of manpower to propel the nation’s economy remains elusive. Nigeria currently ranks 152 out of 188 in the Human Development index, and this data mirror the state of human development indicators like health, education and the standard of living. It is noteworthy that without proper investment in education and training, Nigeria’s ranking will remain low. Manpower development has remained challenged for several reasons; education at the tertiary level and vocational training are top issues. With 10.4% unemployment rate and 50% youth unemployment rate and 300,000 young graduates joining the labour force yearly, it becomes critical to find solutions that can build proper manpower to grow the Nigerian economy.


The Economy&You - Michael Akindele

Thu 19th May 2016

 As the economic climate in the country becomes more challenging, it has become more imperative for SMEs to adopt strategies that can help bring better returns for their businesses. One of the biggest challenges SMEs face is deciding on the most suitable marketing that could help them generate good patronage for their businesses.


Augustine Uddin

Thu 12th May 2016

 SMEs do not only depend on funding, but also on the creation of an enabling environment for their businesses to thrive. One of the factors that help businesses to survive is the nature of the national budget. With the passage of the 2016 Nigerian Budget, one wonders the opportunities therein for the SMEs and the players in that sector. Join us this Sunday on Rhythm 93.7 Fm as Mr. Augustine Uddin, the Chief Economist, First Bank of Nigeria will be discussing various opportunities for SMEs...


The Economy&You - Akin Sodipo

Thu 5th May 2016

 Oil and natural gas currently accounts for 91% of Nigeria’s total exports while solid minerals, agricultural produce, industrial products, consumer goods and other recordable exports make up the remaining 9%. Agriculture was the cornerstone of Nigeria’s economy up until the oil boom. And agricultural produce were the main export commodities and the key foreign exchange earner for the country. They included cash crops like cocoa, palm oil, groundnuts, rubber, corn, millet, sorghum, and livestock products. In fact as at 1970 agricultural exports accounted for 42% of the nation’s total exports and 48% of her GDP. Those were the days of the groundnut pyramids in the north. Then Nigeria became the largest exporter of palm oil and palm kernel, she was ranked second to Ghana in cocoa exportation, and was the third highest exporter of groundnut. With the sustained slump in oil prices Nigeria is currently diversifying her economy, and is keen to develop her other export potentials. The agricultural sector is being revamped and the solid minerals sub-sector is receiving more attention. The private sector has also seized the initiative and is driving exports, especially the export of agricultural products, renewable resources and food items. Entrepreneurs and SMEs have vigorously been exploiting the immense untapped potentials in these areas and their efforts have started to have a clear effect on the economy. Moreover a whole new range of products are being traded in the international markets.


The Economy&You - Adeyemi Adewole

Thu 28th Apr 2016

 59,000 Nigerian women die every year from pregnancy and childbirth according to the Center for Reproductive rights, and 1 in every 8 children dies before the age of 5. In Nigerian hospitals, kidney related diseases account for about 20% of deaths and malaria kills about 180,000 annually according to WHO data. These are disturbing statistics as a sizeable percentage of the Nigerian populace do not have access to good health care services. On the bright side, the current government at the center seems to have made healthcare delivery a priority. For one, they have promised to build or equip 10,000 primary health centers across the country with a budgetary allocation of 3.5% of the 6.07 trillion Naira budget for 2016. On the other hand the private health sector has also recorded a boost in their capacity to offer solutions with new entrepreneurs bringing in innovations with multinational specialist care centers opening up in different Nigerian cities.


The Economy&You - Adefunke Adeyemi

Thu 21st Apr 2016

 Civil aviation is a critical element in Nigeria's transportation system and indeed its economy. Nigeria has twenty (20) airports and many regulated airstrips and heliports; 23 active domestic airlines; 554 licensed pilots; 913 licensed engineers and 1700 cabin personnel. Nigeria being Africa's most populous country is an important destination for over 22 foreign carriers. This concludes that the aviation industry is indispensable to the socio-economic development of Nigeria and the growth of the sector would lead to greater gains for the overall economy. In recent years, domestic and overseas passenger traffic has risen steadily at an average of 10% per annum and Murtala Muhammed International Airport (MMIA) Lagos, the Nation's main gateway, accounting for over 60 per cent of the total passenger and aircraft movement. The consistent rise in passenger and aircraft has spun a thriving service industry. Despite the challenges airline operators in Nigeria face; such as high cost of operation and maintenance, insufficient financial resources and poor response to emergencies, the aviation industry is continuously growing and contributing to the nation’s GDP.


The Economy and You Breakfast series

Tue 19th Apr 2016

 SMEs chat with the DMD of First Bank, Gbenga Shobo.


The Economy & You - Temilola Adepetun

Thu 14th Apr 2016

 The retail sector is the glue that binds economic activities together because it connects the final consumers to products from the producers. The impact of retail in Nigeria cannot be over-emphasized because anywhere in the world, it is a major driver of the economy. “Globally, retail trade accounts for 27 per cent of the world’s GDP, which means we have about $19tn of retail sales each year and in the last two years , the Retail Market attracted about N205.4bn ($1.3bn) investment in Nigeria , according to the former Minister of Trade and Industry. With Nigeria‘s current attraction to foreign companies and multinationals, consumers are exposed to a wider range of products—including the private labels of some of the biggest companies. However, demand for the basics are still far greater than items perceived to be luxury goods and the question being asked is, how many percentage of all the processed foods produced within and imported into the country are registered with the appropriate regulatory body / council before they mount the shelves in our malls and supermarkets or been distributed to the end users. In this first episode of the Retail sector, our guest, Mrs Temilola Adepetun, the founder of School Kids Shop a facilitator on soft skills for SMEs and a Consultant specializing in training, development, will help us understand the importance of the retail sector the economy and the need for both the public and private sectors to work together so as to fully develop Nigeria’s retail sector.


The Economy and You (Babatunde Thomas)

Thu 7th Apr 2016

 The general belief that insurance is a smart way of extorting money from the people because of dubious practices that is prevalent in the industry, has immensely affected the development of insurance in Nigeria. It is believed that insurance practitioners, especially the brokers, will need to do more in the area of educating the public on the numerous benefits of insurance products and how such benefits can be harnessed. Despite the lack of awareness however, a very large percentage of the insurance business is handled by insurance brokers in Nigeria. Recently, the regulatory body, NAICOM’s ,intervention in failing insurance institutions – through Enforcement and Compliance unit , has been able to sanitize the system and establish Financial Safety and Stability and this has helped in developing both the industry and the economy through innovative policies. Hence, Insurance Brokers in Nigeria are becoming more needed and are beginning to understand what they need to do in order to better assess the necessities of the people and to debunk the notion of insurance, being nothing but a scam.


The Economy&You - Bukky George

Sun 20th Mar 2016

 The pharmaceutical sector is a complex one, involving many different stakeholders such as the manufacturers themselves, national regulators, government ministries, wholesalers and others. Developing the industry requires concerted action across these stakeholders to create the environment in which the industry can flourish and realize its full potential as an asset to economic and social development. According to the Pharmacists council of Nigeria (PCN) there are about 120 registered drug manufacturers, 1600 retail pharmacies, 730 drug distributors and 300 drug importers in the country with an annual growth of 13% and estimated market size of 1.8billions dollars. A recent survey by UNIDO, shows that poor infrastructure is responsible for high cost of medicine manufacture and growth, nonetheless reveals that there are opportunities in the pharmaceutical industry.


The Economy&You - Nneka Isaac-Moses

Thu 17th Mar 2016

 The tourism sector is a powerful driver of growth in many economies around the globe. In Nigeria, the several tourist attractions and areas are not fully developed and unable to promote high levels of socio-economic development. We now witness more light being focused on the sector, particularly because it offers employment opportunities and rapid infrastructural development. If properly harnessed, tourism would significantly be a major forex earner for the Nigerian economy. In this episode, Mrs Nneka Isacc Moses the twin brain behind the multiple award winning TV programme, Goge Africa will be examining the tourism potentials and socio-economic development in Nigeria and the variables that are.


The Economy&You - Remi Ogunmefun

Thu 10th Mar 2016

 Manufacturing sector is very relevant to the development of any nation. The concept of its sustainability for business and economy in transition like ours is very critical and cannot be overemphasized. In Nigeria, the sub-sector is responsible for about 10% of total GDP annually and in terms of employment generation, manufacturing activities account for over 12 per cent of the labour force in the formal sector of the nation’s economy. The global fall of oil price and the instability of the economy have necessitated a rise on government’s support for industrialization and diversification. Despite its enormous potential, the sector is seriously facing challenges partly due to over dependent on external sector for the supply of raw materials, machineries, new technologies that are tied to foreign exchange and also due to lack of adequate finance. Join us as Mr Remi Ogunmefun, a seasoned executive with experience in management leadership functions, 32 years work experience as a legal practitioner, manager, administrator and director in diverse sectors of the economy and currently the Director General of the Manufacturing Association of Nigeria( MAN) discusses holistically on the sector and how to tackle some of the challenges to help revive the economy.


The Economy&You - Mezuo Nwuneli

Thu 3rd Mar 2016

 Agriculture in Nigeria is a sector of the economy that holds vast opportunity for wealth creation and employment, In 2010, statistics showed that agriculture provided employment for 30% of the population. With over 84 million hectares of arable land and available human capital, Nigeria has the potential to be a major player in global food and agricultural markets. In recent time, there have been reforms in the agriculture sector and we have recorded some reasonable results. Some of the interesting outcomes of this development are the rise in the production of local rice and milling. In this episode, our guest, Mr. Mezuo Nwuneli, Managing Director, Sahel Capital, will be talking about the importance of the agricultural sector to Nigeria’s GDP, funding of the sector and other related factors that can be explored to ensure that agriculture becomes a sustainable contributor to Nigeria’s foreign exchange earnings.


The Economy&You - Audrey Joe-Ezigbo

Thu 25th Feb 2016

 The fall in the price of crude oil in the international market has sent shocks through the global economy. The hardest hit has been countries like Nigeria, who depend largely on oil for an appreciable percentage of their foreign exchange earnings. The implication of the drop in oil price, has spilled into other areas of the Nigerian economy, the new administration has exposed a number of wrong doings in the sector as well. In addition, other global players have their own strategic game, which might not be favorable for the Nigerian economy. In this episode Mrs Audrey Joe- Ezigbo, co-founder Falcon Corporation Limited, a serial entrepreneur with over two decades of engagement in the oil and gas sector will be discussing the Nigerian Oil sector, the fall in crude prices and its effect on our economy.


The Economy&You - Femi Odugbemi

Thu 18th Feb 2016

 The entertainment sector of Nigeria has no doubt leaped tremendously in recent years and is contributing significantly to the GDP. With the recent rebasing of the Nigerian economy, the sector has risen sharply from its once insignificant status to become the first five. The motion pictures, sound recording and music production jumped to 9 trillion naira which is huge compared to when they were grouped under other services. The opportunities in this sector can’t be over emphasized, with a huge potential to generate employment in hundreds of thousands and increased contribution to growth of the economy. Our guest this week Femi Odugbemi will highlight some of the opportunities and how the SMEs can connect the dots.


The Economy&You - Gbenga Shobo

Sun 7th Feb 2016

 The financial sector is no doubt a very critical aspect of any economy. In Nigeria there has been an introduction of new policies in the sector. These policies have direct effects on how SMEs operate their businesses and consequently this will also affect the growth of the economy. In this episode, Mr Gbenga Shobo, Deputy Managing Director, First Bank will address some of the recent challenges and shed light on opportunities on the horizon.


The Economy&You - Dr. Fakunle

Thu 4th Feb 2016

 The solid minerals sector in Nigeria has long been treated as the poor cousin of the oil and gas sector. Compared to the level of investment and development in oil and gas extraction – which has grown exponentially since Nigeria joined the Organization of Petroleum Exporting Companies (OPEC) in 1971 – mining activity has suffered stagnation, and even decline. While petrol dollars dominate the economy, the National Bureau of Statistics lists solid minerals as contributing minimally to GDP, despite significant coal and iron ore reserves, and known deposits of gold, uranium, tin and tantalum. This therefore means that the vast mineral resources present in Nigeria have not been fully exploited. In this episode, Dr. Fakunle, a veteran player in the mining sector will provide some understanding of the opportunities for SMEs in the mining and solid minerals sector of Nigeria and how this affects the economy as a whole.


The Economy&You - Nkem Ojougboh

Thu 28th Jan 2016

 In light of the challenges facing SMEs and to enable them contribute more to GDP; the Nigerian Stock Exchange has created the Alternative Securities Market (ASeM) for emerging companies with high potential for growth. The idea is to give small and mid-sized companies with high growth potential the opportunity to raise long-term capital from the capital market at relatively low cost. Join us on another exciting episode of The Economy and You! as Nkem Ojougboh , an approved Security and Exchange Commission ( SEC) business investment adviser that guides the SMEs through the requirements and key factors to consider before going public.


The Economy&You - Femi Ogunsanya

Thu 21st Jan 2016

 Education is an asset anytime any day; and in our world today where investors spend sleepless nights trying to tackle the prevailing global economic situation, investing in education becomes key if we must enjoy the social, economic, political and security benefits therein, for the individual, society and country. By investing in education, governments and individuals can help prepare the society for the challenges ahead. Join us on another episode of The Economy and You. Our special guest is Dr. Femi Ogunsanya - Chairperson, Association of Private Educators in Nigeria (APEN); Founder, Oxbridge Tutorial College and a board member of several organizations.


The Economy&You - Tunde Titilayo

Thu 14th Jan 2016

 Every New Year provides us with the opportunity to reflect, re-strategize and reposition. For Nigeria, 2016 will be a full year of the Buhari administration. The IMF Boss recently visited Nigeria and it looks like there are some hard choices to be made. Yet, Oil price is still heading south. Can we as a country seize the opportunity to restructure our economy? Join us on another episode of The Economy and You! Our special guest is Tunde Titilayo –an electrical engineer, entrepreneur, banker, telecoms infrastructural investor whose company went public and operates in Nigeria, Ghana and Ivory Coast. He currently provides access to finance for SMEs through Fast Funds. Don’t miss it!


The Economy & You (Funding Opportunities for SMEs)

Thu 7th Jan 2016

 Most SMEs in the early stage requires capital in addition to support services as they transit to the next level of growth. In most advanced countries, the nature of funding at this stage is both patient and smart! Those that provide this kind of funding are known as Business Angels. The USA is a leading country, boasting of over 300,000 active angels in 2014 with a total investment of over $24b and 3.6 jobs per angel according to Center for Venture Research, USA. The Business Angel Network in Nigeria is still evolving and indeed within the African continent – but SMEs in Nigeria are already keying into this funding window. Join us as Mr.Tomi Davies (TD) – an ICT Expert, author, mentor, founder of the Lagos Angel Network and President of the African Business Angels Network (ABAN) guides us through the importance of a vibrant Business Angel Network to the Economy and You!


The Economy&You - Richard Borokini

Thu 31st Dec 2015

 Risks are inevitable. In business, these risks are inherent and SMEs must identify them, understand their peculiarities and how to mitigate them. In this episode, we will be focusing ONLY on insurable risks which are a subset of risks inherent in running a business. Risk against loss of business premises, work men injury and employees running away with your hard earn money! In developed economies, certain businesses can never commence operation without insuring against product and public liability risks. These are some of the insurable risks that can totally bring a business on its knees making it gasp for air. Join us as Mr. Richard Borokini – A Sociologist, Chartered Insurer, Lawyer and MD of Royal Exchange General Insurance Company Limited walks us through insurable risks that ensure we do not start from ground zero if and when risks occur.


The Economy&You - Ruth Obih

Thu 24th Dec 2015

 Real Estate remains a critical sector of the Nigerian economy. Indeed we have made progress in the last decade especially in pro-active states but more needs to be done as the sector has the potential for job creation. In addition, movement from rural to urban areas is happening faster than anticipated, thus putting pressure on existing infrastucture. Innovative organizations are however using the "sharing economy model" to disrupt the sector. Join us on another episode of The Economy and You! as Ruth Obih - A Lawyer, Real Estate Entrepreneur and CEO of 3 Invest Nigeria, walks us through how innovative models are re-awakening the sector.


The Economy&You - Ayo Teriba

Thu 17th Dec 2015

 Efficient transportation system is critical to any economy seeking growth but at the heart of the sector is the Rail system. The Abuja – Kaduna rail line is 95% completed but majority of our rail tracks are still on narrow gauge. Does this matter or do we need to re-evaluate our business model? What must the Buhari administration do to make this a realty. Join us on another exciting episode of The Economy and You! Our special guest is Dr. Ayodele Teriba – an Economist, Researcher, Consultant, the man that is truly passionate about rail System for economic growth and the CEO of Economic Associates. Don’t miss it!


The Economy&You - Bosun Tijani

Thu 10th Dec 2015

 Necessity they say is the mother of invention but innovation is what drives the new economy. Increasingly, young persons are using social innovation to solve everyday problems. Could this be a route to solving our youth unemployment and get them actively engaged in the new economy? Join us on another episode of The Economy and You! Our guest is Bosun Tijani - an innovation expert, co-founder and leader of Co-creation Hub Nigeria; a social enterprise vehicle that brings together stakeholders, working collaboratively to solve social problems and create jobs.


The Economy&You - Adegboyega Adebajo

Thu 3rd Dec 2015

 From Limestone to Kaolin, from Iron Ore to Gold, Nigeria is blessed with a wide range of Solid Minerals. If well mined, the sector could set the economy on a positive trajectory. However, we must not make the same mistake as we did with Oil. The blueprint must ensure that value is added all across and in-country jobs are created. Limestone could have been mined and exported for peanuts but Dangote cited his cement factory in Obajana and the rest is history now. Could we have had a better outcome with Ajaokuta if it had been private sector led? Join us on another episode of The Economy and You! as Adegboyega Adebajo – An economist, a capital market operator, a seasoned banker and the CEO of West Atlantic Resource and Equity House Ltd., walks us through the opportunities and challenges in the solid mineral sector as well as the path the ministry of solid minerals must take if the sector is to move beyond potentials.


The Economy&You - Helen Emore

Thu 26th Nov 2015

 On November 11, 2015 the President inaugurated the much awaited cabinet, rationalizing the ministries to twenty-four. One ministry that has attracted so much attention primarily because of its pivotal role to our economic development is the Ministry of Power, Works and Housing. The stakes, as well as expectations are high. Are we at the tipping point? Join us on another episode of The Economy and You! Our special guest is Helen Emore – The CEO of Avantage Projects Ltd., that has led teams to attract investment in Infrastructure, Real Estate and Power Plant development. Her last assignment was at the Warri Industrial Business Park as the Lead / Project Director. Don’t miss it!


The Economy&You - Austin Okere

Thu 19th Nov 2015

 No business starts small and pray to remain small forever. Growth is generally assumed. Yet a significant number of SMEs are not structured for growth. If growth does occur and the business is not ready, failure is the most likely consequence. In the digital economy, the emerging clients will even expect you to be available 24/7. Invariably, growth must be planned for! Join us on another episode of The Economy and You! as Austin Okere – the entrepreneur in residence at Colombia Business School, New York, multiple business award winner, the founder and CEO of CWG Plc walks us through what it takes to grow businesses in today’s economy. Don’t miss it!


The Economy&You - Ojoma Ochai

Thu 12th Nov 2015

 The Creative Arts Industry in Nigeria has the capacity to employ our youth, reduce unemployment and put Nigeria on trajectory never seen before within the continent of Africa. Nollywood leads the pack but talents in various aspects of creative arts are still evolving. Creative Industries in the UK accounts for over 8million pounds every hour while in the USA, $80million every hour. Nigeria has the capacity to be the reference point for Africa. Join us on another episode of The Economy and You! as Mrs. Ojoma Ochai – An entertainment sector expert, International fellow at DEVOS International Institute of Arts Management and the Director Arts at British Council Nigeria opens up the horizon in the creative economy. Don’t miss it!


The Economy&You - Ayo Teriba

Thu 5th Nov 2015

 Since the beginning of this year, the Nigerian economy has gone through significant cycles and the impact on individuals as well as businesses has been varied but significant. The Fiscal and Monetary policies are meant to shape the expected outcomes. As we gradually come to the end of 2015, new ministers are being appointed and together with the President and the Vice President, they are expected to drive the change that we have been waiting for. Join us on another exciting episode of The Economy and You! as Dr. Ayodele Teriba – an Economist, Researcher, Consultant, the man that spearheaded the advocacy for the re-denomination of Naira notes and coins, the CEO of Economic Associates walks us through what should be done if change must happen. Don’t miss it!


The Economy&You - Adetunji Adegbesan

Thu 29th Oct 2015

 The New Economy is without a doubt, Digital and it’s already transforming nations. Here in Nigeria, adoption has been quite rapid but more indigenous “problem-solving innovation” needs to be rolled out if we are to optimize the potential of the mobile services sector. Imagine being able to predict not just the best route to your destination, but the best time to embark on the journey if you were to avoid traffic! Well, mobile service is about to change the way we think and interact! Join us on another exciting episode of The Economy and You! as Dr. Adetunji Adegbesan – an Electronic Engineer, Academic, Strategic Management expert and the Founder / CEO of Gidi Mobile passionately unveils how mobile services is the next BIG thing that will radically change our world. Don’t miss it!


The Economy&You - Olutayo Oduwole

Thu 22nd Oct 2015

 As we start Season 2 of the economy and you, we want to thank all our listeners for making Season 1 such a great success. In this Season, we will be introducing exciting activities to increase our engagement with you! For a start, we will be dedicating this episode to you! We want to hear from you! And it’s about challenges and solutions “When you think of the economy, what worries you most and what is your solution” In addition; we will be looking at how SMEs can survive under slow growth scenario as well as the outlook for the economy. Be our Guest as we start Season 2 of The Economy and You! Olutayo Oduwole, an Economist, Financial Advisory Consultant and Executive Director of Frontier Capital Ltd will be our “Expert-In-Residence”. Don’t miss it!


The Economy&You - (Niyi Oguntoyobi, Ebi Atawodi)

Thu 15th Oct 2015

 Transportation is an essential part of human and commercial activities and in many ways form the basis of all socio-economic interactions. A good transport system is critical to economic growth and development. According to the Nigeria Bureau of Statistics, the share of transport in our Gross Domestic Product (GDP) is about 3%. The efficiency of the transport sector has a direct relationship with the productivity of any nation and can position it as a hub in the movement of people and goods. Join us for a double dose episode of The Economy and You! as we bring you two players in the road sub-sector – Niyi Oguntoyinbo, Serial entrepreneur and founder of Metro Taxi/ Metro Bus and Ebi Atawodi – General Manager at Uber Nigeria, as we connect the dots between transportation, economy and prosperity.


The Economy&You - Tokunbo Talabi

Thu 8th Oct 2015

 Any developing country aspiring for sustainable growth cannot take its manufacturing sector for granted. This is where real value-add occurs in addition to job creation. Recently released figures by the National Bureau of Statistics reaffirms that all is not well with the manufacturing sector – 3.82% negative growth, yet manufacturers cannot source forex from the official market for a number of their raw materials. Both the big and small companies are feeling the pinch. Join us on another exciting episode of The Economy and You! as we get the perspective of a banker turned manufacturer, MIT-Legatum award winner, the Vice President of NASME – South West zone, with manufacturing operations in Nigeria and Ghana, the President /CEO of Superflux International Ltd – Mr. Tokunbo Talabi. Special thanks to Mr. Ikechukwu Kelekume – the head of Economics, Accounting & Finance at the Lagos Business School for providing the background that sets the stage for our conversation.


The Economy&You - Ore Sofekun

Thu 1st Oct 2015

 The Creative Arts Industry in Nigeria is growing at an incredible speed. Nollywood is leading the pack and helping to put Nigeria on the world creative industries map. Beyond Nollywood however, significant progress has been made in music and stand-up comedy. Yet it’s still a long road to travel with Creative Industries in the UK accounting for over 8million pounds every hour while in the USA, $80million every hour. Join us on another exciting episode of The Economy and You! as Dr. Ore Sofekun, Private Equity / Venture Capitalist, Chemical Engineer (PhD) and Managing Director of Investment One VenCap creatively navigates us through the critical milestones for sustained growth in the industry.


The Economy&You - Michael Thomas

Thu 24th Sep 2015

 Whenever the economy of any nation is being discussed, we often focus our attention on things like the budget, critical sectors that are contributing to the GDP, Government Policies and incentives aimed at driving growth, etc. Yes we talk about Job creation but usually not about the capacity of those driving those Jobs. Yet there is a direct correlation between the productivity of the people and the prosperity of any nation. Join us on another exciting episode of The Economy and You! as Michael Thomas, an aeronautical scientist, certified commercial pilot and flight instructor, HR specialist and the Country Director of Great Place to Work Nigeria as he helps us to connect the dots and bring to the front burner those seemingly softer issues that are so critical to enhancing national productivity and economic growth.


The Economy&You - Bonniface Chizea

Thu 17th Sep 2015

 Government Policies and incentives are meant to drive the direction in which all the stakeholders within the economy go. In recent times, we have seen a number of fiscal and monetary policies rolled out. Some of these have put a number of the stakeholders on hold while some are second guessing what next. How have they affected you? Join us on another exciting episode of The Economy and You! as Dr. Boniface Chizea, a top notch mathematician, economic and business development consultant guides us through the intensions, implications and outcomes of some of these policies from an independent evaluator’s perspective.


The Digital Economy

Thu 10th Sep 2015

 In the last few years, the digital economy has been growing at a reasonable pace in Nigeria. From commerce to banking, from health to education, the adoption has been fueled by increasing access to broadband, smart mobile devices and incredible apps. The digital economy is fast reshaping the way we think, work, do business and play. Join us on another episode of The Economy and You! as Ms. Yemi Keri – An ICT expert and General Manager at Natcom expands our horizon and starts the conversation on being part of the digital economy is no longer a choice.


SMEs and the Agric. Sector (Mr Emmanuel Ijewere)

Thu 3rd Sep 2015

 In the 60s, the agricultural sector was the major foreign exchange earner for Nigeria – until oil was discovered. However, with the fallen oil price and the issue of food security, the agricultural sector is back on the front burner once again and SMEs have a role to play. Join us as Mr. Emmanuel Ijewere – A chartered accountant, tax consultant, farmer, past president of ICAN, IoD, Red Cross in Nigeria, Group CEO of Ijewere & Co. and Chairman of Best Foods Global (Nig) Ltd passionately continue our conversation on the huge potentials in the agricultural sector and how it impacts on the Economy and You!


The Manufacturing Sector (Muda Yusuf)

Thu 27th Aug 2015

 Manufacturing Sector is a key growth driver within the Nigerian economy. However, a number challenges are slowing down the optimization of the sector's potentials. Top on the list are Infrastructure (mainly power), access to capital and skilled labour. Input materials are still largely import dependent and our manufactured goods are not positioned for export. As oil price continues to stay below $50 per barrel, the manufacturing sector has the potentials to increase our foreign income receipts and self sufficiency in products that are currently being imported. Join us as Mr Muda Yusuf, an economist, private sector advocate and the Director General of the Lagos Chamber of Commerce and Industry address the above identified issues and more!


The Economy & You (SMEs and Insurance)

Thu 13th Aug 2015

 Risks are inevitable. In business, these risks are inherent and SMEs must identify them, understand their peculiarities and how to mitigate them. In this episode, we will be focusing ONLY on insurable risks which are a subset of risks inherent in running a business. Risk against loss of business premises, work men injury and employees running away with your hard earn money! In developed economies, certain businesses can never commence operation without insuring against product and public liability risks. These are some of the insurable risks that can totally bring a business on its knees making it gasp for air. Join us as Mr. Richard Borokini – A Sociologist, Chartered Insurer, Lawyer and MD of Royal Exchange General Insurance Company Limited walks us through insurable risks that ensure we do not start from ground zero if and when risks occur.


The Economy & You (Opportunities for SMEs in the Agric Value Chain).

Thu 6th Aug 2015

 The Agricultural sector remains the most important non-oil sector, contributing about 40% to Nigeria’s GDP and employing about 70% of the country labour force (NBS, 2010). Opportunities in the Agric-Value chain is however yet to be fully exploited. With agro-allied industries spanning its services from production, manufacturing, agro-inputs (fertilizers, pesticides, etc.), packaging and distribution besides extension of credit facilities for agricultural investment, the market potential in Nigeria is huge. Join us as Mr. Kayode Faleti – An economist, financial services & agribusiness development specialist and a senior program manager in charge of the southern regional office of USAID opens up the possibilities that exist for SMEs in the Agric Value chain and start the conversation on how agribusiness impacts on the Economy and You!


The Economy & You (Construction and Real Estate)

Thu 23rd Jul 2015

 Why is construction and real estate sector important to the Nigerian Economy? What has it got to do with Job creation? How can SMEs tap into the Construction Value chain? Are government policies driving investments in this direction? To answer these questions and more, Join us as Mr. Akinola Olawore – an entrepreneur and chartered surveyor, past president of the African Real Estate Society guides us through the importance of the construction industry to the economy and You!


The Economy & You

Wed 15th Jul 2015

 Why should SMEs be interested in the Economy? Is there a correlation between Policies, Incentives and the economy? Are certain sectors more critical to the economy than others? To answer these questions and more. Join us as Dr. Emeka Osuji – a man of many parts (Economist, Banker, Public Servant and Senior Faculty at the Pan-Atlantic University) breaks down the economy as it affects Small and Medium Enterprises in the premier edition of The Economy and You!