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Stanbic IBTC Business Leadership forum reaffirms confidence in economy

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IMAGE: Yinka Sanni, chief executive, Stanbic IBTC Bank, »


A new chapter in the systematic nurturing of new age business leaders opened last week with the debut of the Stanbic IBTC Business Leadership Series. The series is fully dedicated to facilitating the emergence of a new crop of business leaders beholden to excellence, innovation and integrity and capable of optimising the growth in the economy to deliver impeccable value to Nigeria.

Speaking at the event, headlined by the duo of e-commerce innovator and founder of leading online retail chain, Konga, Sim Shagaya and South African motivational speaker, Vusi Thembekwayo, Yinka Sanni, chief executive, Stanbic IBTC Bank, says Nigeria has entered a critical phase in her economic evolution. This phase, he says, is one that makes innovative leadership increasingly critical, if Nigeria is to fully optimise the gains of the growth it continues to record year-on-year.

While acknowledging that the economic environment is not without its challenges, Sanni says that the ultimate goal of the conference is to inspire the next generation of Nigerian business leaders and entrepreneurs through knowledge sharing, saying “Stanbic IBTC will continue to spearhead efforts aimed at crystallising Nigeria’s economic development, and leverage Standard Bank Group’s in-depth knowledge of emerging markets and understanding of investor behaviour to provide our clients with appropriate information to make the right decisions.”

In his keynote address, Shagaya, who shared insights on the firm’s growth trajectory since it was established in 2012, states that an unambiguous focus on customer expectations, supported by the appropriate strategy, is imperative for success. Noting that eCommerce has a bright future in Nigeria, Shagaya identifies inadequate experience in retailing, an underdeveloped logistic sector and evolving technological base as key challenges.

He says trust and integrity are time-tested virtues required in a collective effort by stakeholders to move Nigeria’s economy forward.

Vusi Thembekwayo, who described Africa as an interesting hub and the most complex continent in the world, states that development of the continent depends on Africans, projecting emergence of 440 new cities on the continent by 2050 provides a huge opportunity for growth, as that agility and flexibility, rather than size, have become success-defining factors in customer acquisition and retention.

Customer satisfaction must form the crux of any endeavor, he emphasised. However, developing local business leadership, which is private-sector driven, remains imperative considering the dynamic and competitive conditions ahead.

The one-day event was attended by a high-profile audience from various sectors, including entrepreneurs, regulators, investors, decision makers and the business community.

Article Credit: Businessdayonline

Updated 4 Years ago

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Tags:     Stanbic IBTC Business Leadership Series     Vusi Thembekwayo     Yinka Sanni