Skip to main content

WHY ARE BUSINESSES FAILING IN NIGERIA? A LOOK AT ARIK AIR AND ETISALAT



The sole reason why businesses fail in Nigeria is lack of leadership. Business leaders in Nigeria are sometimes incompetent, not tested and therefore not trusted.
Many people rise to positions in the business world not because of merit and hard work but because of connections. There is  the problem of lack of integrity where board members share the company's profit amongst themselves instead of channeling it to further grow the business. There is also another problem of taking huge loans from banks without a well thought out process of how to pay back or even completely mismanaging the funds.
Arik air is owing large sums of money and so is Etisalat...
A lot of employees depend on these businesses for their livelihood. Why don't they think of the impact on the economy before allowing greed and selfishness take over. This is really disheartening.

Comments

Post a Comment

Popular posts from this blog

THE GAINS AND LOSSES OF THE ABSENCE OF MR PRESIDENT: BY UWAKWE ROLAND.

President Muhammadu Buhari has been absent from duty since the last few months on a purported medical checkup in London. Good a thing he legally transferred power to the Vice President who is now the acting President, this is unlike the imbroglio that played out during Yar’adua’s time when the National Assembly had to invoke the doctrine of necessity so as to effectively transfer power to then Vice President Goodluck Jonathan. The problem is that even as an acting President, Yemi Osinbanjo has limited powers to fully assume responsibility as the commander in chief, this is because most of the big government functionaries may still owe their loyalty to Mr President, couple with this, Buhari appointed people of his like minds who may not comfortably work with the acting President that will want to bring his knowledge of law and practice into governance. Hence the long absence of Mr President may eventually result to a slow down of democratic dividends. The above ...
Post a Comment
Read more

RAPE, ITS JUSTIFICATION AND VICTIM SHAMING

It's sad that this is a world where things are not perfect but isn't that why we have laws; to correct the ills in society? I read today on a blog about a filmmaker who said that "nonviolent rape" should be legalized and that the reason rapists were raping girls was because they were sexually frustrated and that girls should accept it and even prepare themselves for it by carrying condoms and cooperating with their rapists. In fact it is clear that civilization is beyond running water and having flushable toilets, a lot of minds are still in a dark place. Before you join the number of people condemning him, think of how you shame victims of rape by suggesting that somehow they did something to provoke the animal instinct in the rapist. The dust hasn't settled yet on the case of Busola Dakolo and Biodun Fatoyinbo where an Abuja high court struck out the case and called an abuse of court processes and said it was statue barred. They were irregularities as cited by ...
Post a Comment
Read more

THE FIGHT AGAINST CORRUPTION IN THIS GOVERNMENT: REAL OR SELECTIVE

President Muhammadu Buhari's selling point coming into the 2015 general elections was his would-be fight against corruption which many Nigerians said was Nigeria's biggest problem and which the international community also said was Nigeria's bane of development. His reelection in 2019 also echoed the same thing although many Nigerians were of course saying they had seen his true colours. In this government's fight against corruption, so much has been witnessed. There have been several convictions of high profile politicians but only people not at the core of the government or those who do not share the same religion with the president. Many embarrassing cases have been swept under the carpet like those of the former secretary to the government of the federation, the reinclusion of a wanted former government official (who was answering for his crimes as ex pensions boss) in this government,  most recently the appointment of a former politician who was tried in court for...
Post a Comment
Read more