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Why businesses fail in Nigeria — Entrepreneur

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By Kayode Sanni-Arewa

An entrepreneur in Nigeria, Mrs. Odunayo Adams Oyebolu, has revealed why many businesses as well as business owners struggle in Nigeria.

Oyebolu, who is the MD/CEO of Everything Essentials Ltd. highlighted challenges of exchange rate, inability to account for profits in business, as some of the problems she faced coupled with what other business men and women face in Nigeria.

She noted that these challenges are not peculiar to Nigeria alone, but also around the world people go through the same thing.

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According to her, “a lot of businesses in Nigeria are currently passing through these same challenges but do not know how to come out of it. Some of these businesses have even shut down due to the headaches that come with these challenges.

“Staff misappropriation, theft, indiscipline, inability to account for money that comes in and out of the business, not being able to separate your business as an entity from you as a person, inability to invest as a business, just the way you do as a person, inability to stay afloat of the recurring economic crises and a lot more”.

Worried by these challenges, Oyebolu said she has decided to organize a conference for business owners in Nigeria to address these teeming problems.

“The conference will help them hold their hands and make sure they do not give up in their businesses” she stated, highlighting the importance of the conference.

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She added that: “I will be at the conference with a number of other industry experts who can help you have peace of mind in your business on Friday, June 7, 1024 at Venue NIMR, 6, Edmund Cresent behind Presbyterian church, Yaba”.

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Davido Gives Reasons Why He Honoured Abducted Oyo Sch Victims at FIFA World Cup

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Davido has explained the reason behind his emotional tribute during his performance at the FIFA World Cup, saying he could not remain silent while children and teachers are still missing in Nigeria.

Speaking on the gesture, the Afrobeats star said many people avoid discussing the country’s security challenges because they want to protect Nigeria’s image, but insisted that there is no image to protect when innocent children are being abducted.

> “A lot of people don’t really want to talk about what is going on in our country. Simply because they want to protect the image. But there’s no image to protect if little kids are being kidnapped,” Davido said.

The singer noted that although he was honoured to perform at the World Cup, he believed it was important to use the global stage to draw attention to the plight of the abducted pupils and teachers from Oyo State.

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According to him, everyone has a unique way of making an impact, and his platform is music and live performances.

> “My power is in music and performances. These students and teachers have been missing and still haven’t been found. So yeah, I used my platform to project what’s really going on,” he added.

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Video of Family of Bouncer Reportedly Killed in Sam Larry Crash Sparks Emotional Reactions Online

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A video said to show the wife, mother and children of a bouncer who reportedly died in the road accident involving music promoter Sam Larry has surfaced on social media, drawing emotional reactions from Nigerians.

The footage, which has been widely circulated online, shows family members believed to be mourning the deceased, whose death has not yet been officially confirmed by relevant authorities.

The accident, which reportedly occurred on Saturday, has continued to generate widespread attention following reports that the bouncer, who was said to have been travelling with Sam Larry at the time of the crash, lost his life.

Although details surrounding the incident remain unclear, the emergence of the video has intensified conversations on social media, with many users expressing sympathy for the bereaved family and offering prayers for those affected.

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As of the time of filing this report, neither Sam Larry nor law enforcement authorities have publicly released a detailed statement confirming the identity of the deceased or providing a comprehensive account of the circumstances surrounding the crash.

Click the here to watch video.

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Toke Makinwa advocates dating within one’s income level

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Nollywood actress and media personality Toke Makinwa has shared her views on the role of financial compatibility in relationships and marriage.

Speaking on a recent episode of the MENtality podcast hosted by Ebuka Obi-Uchendu, Makinwa said she believes people should date within their income bracket, arguing that significant financial differences can create challenges in relationships.

She also claimed that many men pursue relationships with women whose lifestyles exceed their financial capacity, only to later complain that women are materialistic.

She said, “I am a big believer of date within your age and within your class. That way there will not be stories that touch.

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“You will have a good girl at home, a girl who will even make dinner with her own money when you don’t have. Yet, some men will still want to cheat on her with a woman they can’t afford.

“Heaven forbid you end up with a guy who hasn’t blown. The day he blows that is when you will know his true personality.

“And that scares women. Money doesn’t change people, it just reveal who the person is. So many men are treating women who sacrificed everything for them badly.”

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