One of the biggest challenges facing family business operators is making their enterprise sustainable so that it can survive for multiple generations.
Survey reveals only approximately thirty percent of family firms in the nation make it past the first generation, despite the negative effects on the economy.
To tackle this limitation, a conference including more than 150 specialists was scheduled in Lagos and Ogun States. The purpose of the summit was to exchange knowledge on managing growth routes and guaranteeing the sustainability of family-owned enterprises.
The summit’s topic, “Family Business Legacy: Strategies for Building and Maintaining Multigenerational Wealth,” further aims to provide priceless chances for networking and education.
Highlights included a six-hour in-depth discussion, a NextGen boot camp, thematic seminars, and a networking opportunity, according to a statement from the convener, Oghenevwoke Ighure, reached by BrandSpur national news brand.
He also made more allusions regarding the program’s presentation and book launch of Munzali Dantata’s “City Wall: We All Lived by Selling.”
Ighure went on to say: “The summit will tackle critical topics such as corporate governance, financing, and generational handover, ensuring participants are equipped with the skills and expertise necessary to drive innovation and success.”
According to Ighure, family businesses continue to be the foundation of Nigeria’s economy and should be protected.
Esiri Agbeyi, a partner and Africa Family Business Leader at PwC, expressed excitement about the in-depth discussions and interactions anticipated at the summit.
Continuing, Agbeyi had this to say: “We are proud to be partners with Business Day for this summit. As leading advisors to family businesses in this market, we have a keen multi-disciplinary appreciation of the dynamics of private wealth and family businesses. We believe this year’s theme for resonates with key concerns of most family businesses to grow wealth, preserve the legacy and successfully hand it over to the next generation.”
