Beating the recession in Nigeria through innovation

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Lancaster University Ghana in conjunction with CNBC Africa held an Executive MBA breakfast panel discussion titled Driving Economic Growth through Innovation and Entrepreneurship at Eko Hotel and Suites, Lagos following the Accra edition.

In the words of Apple’s Founder Steve Jobs, innovation distinguishes between a leader and a follower. How can innovation bring the leader in a person even in Nigeria’s current economic recession? This question formed part of the discussion at the breakfast seminar where CEO’s, Human Resource Professionals, business leaders and entrepreneurs all gathered to discuss ways to drive economic growth through innovation and entrepreneurship.
Panellists at the breakfast seminar included:
•    Olufunke Amobi – Head of HR Stanbic IBTC (Lancaster MBA alumni)
•    Afua Osei – Co-founder She Leads Africa
•    Seyi Abolaji – Co-founder Wilson’s Juice Company
•    Ibukun Abidoye – General Manager Chocolate City
According to panellists, innovation can be learnt and businesses must train their employees to be business innovators in these difficult times. Recessions are the time to train your staff. When people are multi-skilled they can be redeployed. 
I chose the Lancaster Executive MBA because it was one that I thought was more matured than others. In other words, it gave me an opportunity to have as part of the curriculum, we had 3 consulting projects” said Olufunke Amobi
 “It was an excellent opportunity that enabled me to make that transition from a specialist to a generalist preparing me for general management and leadership because there is a strong flavour of leadership in the programme” she continued.