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

Sterling Bank Steps Up Environmental Sustainability Efforts

Nigerian banks are increasingly prioritizing environmental sustainability and climate action, with Sterling Bank leading the charge. The bank, in collaboration with Sterling One Foundation, Sunbeth, and government agencies, organized a nationwide Environmental Cleanup and Beach Adoption exercise, covering 17 states and engaging
FIRS Urges Non-Domestic Oil Shipping Companies To Comply With Tax Laws In Nigeria

NRS Clarifies: VAT on Banking Fees Not Newly Introduced

The Nigeria Revenue Service (NRS) has dismissed media reports suggesting that a new Value Added Tax (VAT) on banking services and electronic transfers has been introduced, describing such claims as misleading. In a press release, the NRS emphasized that VAT has long
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

2024 Grammys: Burna Boy Lost All Four Nominations

2024 Grammys: Burna Boy Lost All Four Nominations

Burna Boy did not secure a victory in any of

Buni, Pocket-filling Black Legs Tried To Supplant Buhari’s Will, Says Gov. Akeredolu

Governor of Ondo State, Arakunrin Oluwarotimi O. Akeredolu, has alleged