• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Sunday, June 8, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

‘Business Managers, Entrepreneurs Must Prioritise Tech, Deepen Backward Integration’

by Olushola Bello
5 months ago
in Business
business managers and owners need to prioritise technology to reduce cost and ensure competitiveness
Share on WhatsAppShare on FacebookShare on XTelegram

The Centre for the Promotion of Private Enterprise (CPPE) said, business managers and owners need to prioritise technology to reduce cost and ensure competitiveness while charging industries to deepen backward integration to reduce forex exposure.

Advertisement

CPPE, in its report on ‘Nigeria 2024 Economic Review and 2025 Outlook,’ advocated reduction in debt financing to reduce the burden of high interest rate; adoption of efficient energy solutions to reduce the pressure of high energy cost, saying, supply chains should be domesticated as much as possible even as there must be focus on talent retention, especially, in specialised job functions.

The director/CEO of CPPE, Dr. Muda Yusuf urged entrepreneurs to ‘incorporate scenario planning framework in business strategy to manage uncertainties and volatilities; and businesses must ensure cost optimisation.’

Speaking on policy implication, Yusuf said, the government should expedite action to expedite boost capitalisation of the development finance institutions; Bank of Industry (BoI), Bank of Agriculture (BOA), Nigerian Export-Import Bank (NEXIM) to deepen development finance interventions.

He called “for the need to revitalize and restructure the Bank of Agriculture to support the agricultural sector and agro-allied industries with the much-needed concessionary financing.  Current high interest rates in the commercial banks continues to impede the recovery and growth of the Nigerian agricultural and agro-allied sectors of the economy.

RELATED

Bitget Hosts Blockchain Education Day To Foster Web3 Awareness Growth

Bitget Hosts Blockchain Education Day To Foster Web3 Awareness Growth

17 hours ago
2025 Budget: Outcry As Agency Appropriates N6bn On Frivolities

2025 Budget: Outcry As Agency Appropriates N6bn On Frivolities

18 hours ago

“The CBN should soften its tightening stance in order to support investment growth and job creation in the economy. Current high interest regime foisted by the tightening regime increases the risk of loan defaults, increasing the prospects of higher non-performing loans in the financial sector.

“High interest rates also increase debt service cost for the government with the current huge exposure to domestic debts. High interest rates typically pose significant risks to business sustainability amidst numerous headwinds. There is a need to protect the real economy from the adverse consequences of free market principles. This is the basis of government intervention in a market economy.”

He said, exposure to the risks vary across sectors, adding that, businesses would therefore need to calibrate their strategies according to the level of exposure these risks, which are forex volatility risk; interest rate risk; inflation risk; financial and monetary policy risk; regulatory risk; cybersecurity risk; insecurity risk; political risk; corruption risk, especially with regard to public sector transactions and contracts; and environmental /climate change risk.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

START EARNING US DOLLARS as a Nigerian ($35,000) monthly. Companies are sacking their workers due to AI (artificial intelligence), business owners are in panic mode. Only the smart will make it. Click here


Tags: Centre for the Promotion of Private Enterprise (CPPE)
SendShareTweetShare
Previous Post

Banks Extend N74.0trn Credit To Private Sector Amid Tightened Monetary Policy

Next Post

Nigeria’s Crude Exports To Top 10 Countries Hit N24.18trn In 9 Months

Olushola Bello

Olushola Bello

You May Like

Bitget Hosts Blockchain Education Day To Foster Web3 Awareness Growth
Business

Bitget Hosts Blockchain Education Day To Foster Web3 Awareness Growth

2025/06/07
2025 Budget: Outcry As Agency Appropriates N6bn On Frivolities
Business

2025 Budget: Outcry As Agency Appropriates N6bn On Frivolities

2025/06/07
FCCPC To Prosecute PoS Operators Over Service Price Fixing
Business

FCCPC Sets Up Committee For Anti-counterfeit Portal

2025/06/07
Asharami Energy Commits To Local Capacity Devt, Sustainable Growth
Business

Asharami Energy Commits To Local Capacity Devt, Sustainable Growth

2025/06/07
BPP, CIPS Strengthen Partnership On Procurement Practice, Sign MoU
Business

BPP, CIPS Strengthen Partnership On Procurement Practice, Sign MoU

2025/06/07
Centre Partners Niger Delta Varsity On Marine Training
Business

Centre Partners Niger Delta Varsity On Marine Training

2025/06/07
Leadership Conference advertisement

LATEST

Boko Haram Abducts Catholic Priest, 9 Others, Kills 1 In Borno

Katsina Govt Moves Against Threats To Peace, Stability

Delta Govt Approves Repair Of Palace Road, N6.7bn UBEC Grant

HURIWA Urges Federal Gov’t To Immortalise Mike Ejeagha

NDDC Will Sustain Support For Digital Transformation In Niger Delta, Says Ogbuku

Gov Eno’s Defection Will Unlock Opportunities In South-South – Okpebholo

No Trust, No Police

Risk Managers Seek Review Of Nigeria’s Early Warning Systems

$300m AMCE To Curb Medical Tourism Drain

COAS Lauds Army Veterans, Reaffirms Support For Welfare

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.