SMEs Account for 84% of Employment

SMEs Account for 84% of Employment

1. SMEs in Nigeria are broadly defined as businesses with turnover of less than N100m per annum and/or less than 300 employees. 96% of Nigerian businesses are SMEs. 2. In Nigeria, SMEs account for 84% of employment. 3. The reality of this data, is that 4 out of every...
Senior Management Executives: You Still Need a CV

Senior Management Executives: You Still Need a CV

I am sad to admit that some of the poorest fit CVs and LinkedIn profiles I have seen are at Executive and Senior Management level. Many qualified Executive and Senior level candidates are passed on because their LinkedIn profiles and CVs are not positioned for such...
Why Businesses Choose Layoffs Over Paycuts?

Why Businesses Choose Layoffs Over Paycuts?

So I was asked, why do a lot companies lay off, instead of negotiating pay cuts or accepting offers from some employees to work for free? I will speak for myself and a few other business owners that I have had this conversation with. The simple answer is, no one wants...
And The Layoffs Continue

And The Layoffs Continue

As the US reported just under 40 million job losses as a result of COVID19, I have often pondered what the data on job losses in Nigeria currently are. My search led me to the results of a recent survey by the National Bureau of Statistics of 1,950 households. It...