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Enase Okonedo, Dean, Lagos Business School, and Chairperson, Association of African Business Schools (AABS), on tertiary education
OBG
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The primary function of education is to equip a society with the intellectual manpower to effect change and drive industries, stimulating innovation and creating opportunities for the future. Nigeria is faced with a serious challenge: a large percentage of our youth are unemployed, while employers are constantly searching for skilled employees to no avail. The situation begs the question: are…
Viewpoint

Ovie Ukiri, Managing Partner, Ajumogobia & Okeke, on transfer pricing regulations
OBG
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The Federal Inland Revenue Service (FIRS) has recently introduced a new set of transfer pricing regulations (hereafter known as “the Regulations”) which have an impact on the income tax assessment of related or associated taxable persons in Nigeria. The focus of the Regulations is to standardise, as clearly as possible, the transfer pricing between related parties, particularly multinational…
Chapter

The Report: Nigeria 2013: Legal Framework
OBG
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OBG introduces the reader to the different aspects of the legal system in Nigeria, in partnership with Ajumogobia & Okeke. OBG talks to Ovie Ukiri, Managing Partner, Ajumogobia & Okeke, on transfer pricing regulations.…
Chapter

The Report: Nigeria 2013: Tax
OBG
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In conjunction with PwC Nigeria, OBG explores the taxation system, examining Nigeria’s investor-friendly environment. OBG talks to Taiwo Oyedele, Partner & Head of Tax, PwC Nigeria.…
Chapter

The Report: Nigeria 2013: Health
OBG
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In the six decades since independence, the national health care network has improved on a piecemeal basis, driven primarily by a handful of international organisations and, more recently, government entities at the federal, state and local levels. The sector is guided by the National Strategic Health Development Plan (2010-15), which runs alongside the wider aims outlined in the Vision 20:2020 strategy.…
Chapter

The Report: Nigeria 2013: Education
OBG
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The education sector was allocated $2.69bn in the 2013 federal budget, making it the highest recipient of government spending. A large youth population –estimated at 75m people – points to rapidly expanding demand for education and training of all types for years to come. Boosting private sector activity, particularly at the primary level, continues to be a fundamental objective of the government’s…
Chapter

The Report: Nigeria 2013: Oyo State
OBG
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Known as the “pace setter state”, Oyo borders the states of Ogun, Osun and Kwara, as well as Benin in south-west Nigeria. Oyo’s natural resources are most suited to agriculture production and processing with an abundance of uncultivated arable land and reserves of gold, marble, clay and granite, among others. While economic indicators compare favourably to other states, the government is working…
Chapter

The Report: Nigeria 2013: Media & Advertising
OBG
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Over the past few decades Nigeria’s media and entertainment industry has developed into one of the liveliest in Africa. The country has one of the largest television markets in Africa and the film industry – nicknamed “Nollywood” – is one of the largest in the world by number of films released. Nigeria’s media, entertainment and advertising industries continue to face a number of interrelated…
Chapter

The Report: Nigeria 2013: Real Estate & Construction
OBG
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Rapid population growth, steadily increasing urbanisation and rising incomes – particularly among the middle class – have fuelled expansion in Nigeria’s real estate sector over the past decade, and are expected to continue to drive growth in the industry. While most segments have seen increased investment in recent years, the country remains undersupplied in virtually every area, particularly…