Utomi Hints On How Businesses Can Survive Volatility of Nigerian Economy

November 26, 2021
When Democracy Fumble and Tumble
Utomi

A political economist and management expert, Prof. Pat Utomi, has urged brands to rethink their strategies and business models and work within regulatory frameworks in order to survive the volatility of the Nigerian economy.

Utomi made this known at the second edition of Brandcomfest 2021, the annual gathering of stakeholders in the brands and marketing communications landscape, held in Lagos.

Join our WhatsApp Channel

Utomi, who was the keynote speaker at the event, was quoted as saying that for brands to survive in a volatile economy, they must come under drivers that could bring creative destruction and the great disruption.

According to him, storytelling plays a vital role in brand building, most especially at this time. “The story you tell about your reality is what the world will believe about your reality,” he said.

+ posts

Featured Stories

Latest from Business

Geregu Power Plc Surges With 15% Gain In 2 Days, Hits N2.875trn Market Cap

Femi Otedola Sells N2.17trn Stake In Geregu, Resigns As Chairman

Femi Otedola, the majority stakeholder in Geregu Power, has sold his N2.17 trillion stake in the power generation company and resigned from his position as chairman. Geregu announced the transaction on Monday, December 29, via a statement to the Nigerian Exchange (NGX)

GivTrade Secures UAE SCA Category 5 Licence

GivTrade, an international multi-asset brokerage providing access to global markets via CFDs, on Wednesday announced that it has been granted a Category 5 (“Arrangement and Advice”) license by the UAE Securities and Commodities Authority (SCA), marking a significant milestone in the broker’s
Nigeria Air: Airline Operators Hail Judiciary, Aviation Minister For Upholding Justice

Tax Tangle: Onyema, Achimugu Disagree on Nigeria’s Soaring Airfares

Tax Tangle: Onyema, Achimugu Clash Over Nigeria’s Soaring Airfares The Nigerian Civil Aviation Authority (NCAA) has denied allegations that domestic airfares are inflated due to multiple taxes, attributing the recent surge to market forces. Director of Public Affairs and Consumer Protection, Michael
Flour Mills
Previous Story

Flour Mills, Honeywell’s Market Capitalisation Rises By 34%

Nigerian Bar association
Next Story

CONFLICTING COURT ORDERS: Committee Submits Report To NBA President

Don't Miss

NERC

NERC Records 6.3 Million Unmetered Customers Despite Mass Meter Deployment

The Nigerian Electricity Regulatory Commission (NERC) has put the number
PR Consultant Muyiwa Akintunde Assumes Office As Rotarian President

PR Consultant, Muyiwa Akintunde, Assumes Office As Rotarian President

Public Relations consultant and online media publisher, Rotarian Muyiwa Akintunde,