Dr. Alim Abubakre, founder of TEXEM UK has emphasized the need for Nigerian executives to draw inspiration from India in revitalizing their organizations amidst a recovering economy.
Abubakre spoke with the News Agency of Nigeria (NAN) ahead of the upcoming “Revitalise Your Organisation: Inspire Sustainable Growth in a Recovering Economy” executive development programme of TEXEM in Lagos.
The expert who is a member of the London Business School Africa Society Advisory Board, highlighted the multifaceted challenges facing Nigerian leaders and organisations today.
He also offered insights into navigating these complexities.
“Nigerian leaders and organisations are navigating a dynamic and complex environment,” Abubakre stated.
He said key issues include economic volatility, policy inconsistencies, infrastructural deficiencies, and the rapid evolution of technology.
Abubakre said, economic turbulence, driven by fluctuating oil prices and currency instability, has significantly affected business operations and strategic planning.
He said policy changes add another layer of complexity, complicating long-term planning and increasing operational risks.
On infrastructural deficiencies, particularly in power and transportation sectors of Nigeria, the TEXEM founder said they pose significant hurdles as well.
“Reliable infrastructure is the backbone of any thriving economy. Its absence forces organisations to allocate substantial resources to mitigate these challenges, often at the expense of innovation and growth.
“The fast-paced technological landscape offers both opportunities and threats. While it can provide significant competitive advantages, it also requires substantial investment and a willingness to adapt.
“Many Nigerian organisations struggle to integrate new technologies due to limited access to capital and a shortage of skilled talent,” he said.
Drawing parallels from India’s and Brazil’s experience, Abubakre emphasized that Nigerian leaders can adopt and adapt strategies that have proven successful in similar contexts.
“India and as well Brazil has overcome infrastructural and technological challenges through targeted investments and policy reforms, creating a conducive business environment that has fostered significant economic growth and development.
“The “Revitalise Your Organisation” programme, scheduled for July 17 at Wheatbaker, Ikoyi, Lagos, aims to address these challenges.
“Featuring world-renowned Professor Paul Griffith, the first management professor to lead a team in launching a rocket, this programme is meticulously designed to equip leaders with the necessary tools and strategies to thrive,” he said.
Abubakre, who is also a faculty for the programme, said it is meticulously designed to equip leaders with the necessary tools and strategies to thrive.
“The programme will leverage a comprehensive and interactive learning methodology, ensuring participants gain practical, actionable insights tailored to the Nigerian context.
“Key modules include,
Cultivating a Change-Ready Culture, which focuses on building a culture that is resilient and adaptable to change.
“Through games and role play, participants learn to lead transformational change and inspire an environment ready to embrace new opportunities and technologies,” he explained.
Abubakre said that Emphasizing Digital Dominance is another module.
“Participants will explore strategies to harness digital technologies for sustainable success.
“Group discussions and case studies, such as Kenya’s mobile money revolution, will highlight how technology can drive growth.
“Understanding a Recovering Economy is another important module.
Through peer-to-peer learning and self-reflection exercises, leaders will develop strategies to mitigate risks associated with economic volatility and make informed decisions that drive growth,” he said.
On Purposeful Leadership module, he said by examining case studies from countries like Brazil, where purposeful leadership has transformed organisations, participants will learn to inspire and align their teams toward a shared vision.
Abubakre said the programme will enhance decision-making capabilities through a multifaceted approach, including role-play, peer-to-peer learning sessions, and self-reflection exercises.
“Drawing lessons from companies like South Africa’s Discovery Limited, participants will learn to foster a data-driven decision-making culture.
“Understanding the intricacies of a recovering economy is crucial.
“Through peer-to-peer learning and self-reflection exercises, leaders will develop strategies to mitigate risks associated with economic volatility and make informed decisions that drive growth,” he said.
Abubakre said the ‘Revitalise Your Organisation’ programme promises to be a transformative experience, fostering visionary leadership and inspiring sustainable success.
“By learning from successful examples in other developing countries, Nigerian leaders can create strategies that are effective and tailored to the unique Nigerian context,” he said. (NAN)
