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

New Year: Why Nigerians Celebrate Despite Economic Hardship

After the government removed petrol subsidies, fares for buses, taxis, and flights rose sharply, in some cases nearly doubling. Yet families still travelled in large numbers for the New Year holiday, leading to congestion at bus and motor parks across major cities.
Bulls Charge Ahead As NGX Shatters Records As Market Cap Surpasses N50trn

ALEX Tops NGX Gainers’ List, Tantalizers Among Losers

On Wednesday, December 31, the Nigerian Exchange (NGX), also known as the stock market, closed with N99.37 trillion market capitalisation. Also, the all-share index (ASI) settled at 155,613.03 ASI.Join our WhatsApp Channel Over 1.22 billion shares were exchanged in 27,884 deals, valued
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

Anambra poll

Anambra Poll: NSA Tasks Security Agencies On Professional Conduct, Warns Trouble Makers

THE National Security Adviser retired Maj.-Gen. Babagana Munguno has tasked
BREAKING: INEC Official In Rivers Suspends Collation Of Results Over Threat To Life

BREAKING: INEC Official In Rivers Suspends Collation Of Results Over Threat To Life

State Collation Officer for the Presidential Election (SCOPE) in Rivers