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

Dangote Refinery Prices, Import Surge Highlight Market Tensions

Industry data suggest that delays in adjusting Dangote Refinery’s petrol depot price contributed to a surge in fuel imports by marketers in November 2025. Analysis of the pricing data shows that under an October agreement, the refinery limited direct sales to independent

Behind the Geregu Power Sale: Politics and a $750m Deal

The sale of Geregu Power, one of Nigeria’s largest electricity plants, has drawn attention after politically connected figures assumed top positions. Billionaire Femi Otedola sold his controlling stake to Abuja-based Ma’am Energy Limited for $700–$750 million. Senator Abdulaziz Yari was subsequently appointed

China–Nigeria Trade Reaches $22.3bn, Beijing Says

Trade between China and Nigeria reached $22.3bn in the first ten months of 2025, China’s consul-general in Lagos has said. Yan Yuqing told a media forum in Lagos that the figure represented a 30% increase compared with the same period last year.

$9.5m UK Loot Earmarked for Completion of Abuja–Kano Road

More than $9.5m recovered from corruption-linked funds in the UK will be used to complete sections of the Abuja–Kano Road, Nigerian and Jersey authorities have said. The money, held in a bank account in Jersey, was forfeited after a court ruled that
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

Multiple Voter Registration Attracts Prosecution, INEC Chairman Warns

Independent National Electoral Commission (INEC) has warned that engaging in
MCB Capital Markets Lists 'ADBF' On Botswana Stock Exchange

MCB Capital Markets Lists ‘ADBF’ On Botswana Stock Exchange

MCB Capital Markets, on Thursday, announced the secondary listing of