Building Enduring Businesses In Nigeria By Chuba Oraka
I read the article Why Nigerian family businesses fail in the Punch Newspapers by Lekan Sote (December 18, 2012). It took me back to the many ruminations of the same subject that has been broached in several fora. The questions asked may come in different forms – Why do many businesses fail in Nigeria? Why do family businesses fail? Why do businesses founded in Nigeria scarcely last beyond the death of the founders? Why is it that businesses founded in Nigeria do not grow beyond sole proprietorship? etc – but the common denominator is a common fear of long term viability and growth of businesses owned by Nigerians.