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How marriages survive

How marriages survive

The recession has taken a toll on the institution of marriage, we keep hearing.

Last month, for
instance, when it was reported that the proportion of Americans aged 25
to 34 who are married fell below the proportion who have never married,
it was quickly attributed to the economic downturn. Young adults,
according to this narrative, have less money to spend on a wedding and
are less eager to enter into a lifetime commitment during times of
uncertainty.

Again last week,
when a report from the Pew Research Centre noted that, for the first
time, college-educated 30-year-olds were more likely to have been
married than were people the same age without a college degree, the
news was interpreted as another side effect of the recent recession.
After all, the downturn has been especially hard on young men with no
college degree.

But if you look at
marriage in the United States over the past century, this
interpretation doesn’t stand up. Marriage and divorce rates have
remained remarkably immune to the ups and downs of the business cycle.
Unfortunately, the marriage statistics are easy to misread.

It’s misleading to
count the wedding rings among people in their 20s and early 30s,
because the median age at first marriage in the United States has risen
to 28 for men (from 23 in 1970) and 26 for women (from 21 in 1970). The
fact that these folks aren’t married now doesn’t mean they won’t marry
– many of them just aren’t there yet.

Look instead at
40-year-olds, and you see that 81 percent have married at least once.
Yes, this number used to be higher – it peaked at 93 percent in 1980 –
but, clearly, marriage remains a part of most people’s lives. These
statistics are not a perfect barometer either, however, because they
reflect weddings that were celebrated years earlier.

To most accurately
track marriage rates, you need to focus on the number of wedding
certificates issued. In 2009, the latest year for which we have data,
there were about 2.1 million marriages in the United States. That does
represent a slight decline since the recession began. But it’s the same
rate of decline that existed during the preceding economic boom, the
previous bust and both the boom and the bust before that.

Indeed, the recent
modest decline in marriage continues a 30-year trend. And even as the
number of marriages falls, divorce is also becoming less prevalent. So
a greater proportion of today’s marriages will likely persist 30 years
into the future.

This is not to say
that marriage looks the same today as it always did – over the past
several decades, there has been a tremendous shift in married life.

It used to be that
a typical marriage involved specialised roles for the husband and wife.
Usually he was in the marketplace, and she was in the home, and this
arrangement led to maximum productivity.

But today, when
families have easy access to prepared foods, inexpensive off-the-rack
clothing and labor-saving technology from the washing machine to the
robot vacuum cleaner, there’s much less benefit from either spouse
specialising in homemaking. Women, now better educated and with greater
control over their fertility, are in the marketplace, too, and married
couples have more money, more leisure time and longer lives to spend
together. Modern marriages are based not on the economic benefits of
playing specialised roles but on shared passions.

This new model of
“hedonic marriage” has had an effect on who marries, and when – as
research I have conducted with my better half, the economist Betsey
Stevenson, has documented. In the old days, opposites attracted; an
aspiring executive groom would pair up with a less-educated bride. And
they would wed before the stork visited and before the couple made the
costly investment of putting the husband through business school.

But today, that
same young executive would more likely be half of a power couple,
married to a college-educated woman who shares his taste in books,
hobbies, travel and so on. Indeed, marriage rates for college-educated
women rose sharply through the 1950s and ‘60s, and have remained
remarkably stable since. These women tend to marry after they have
finished college and started their careers.

The decline in
marriage, it turns out, is concentrated entirely among women with less
education – those who likely have the least to gain from modern hedonic
marriage.

This is not to say
that the economic downturn has had no effect at all on domestic life.
Census data show that the number of unwed couples living together rose
sharply last year. With rents high and jobs hard to come by, it’s no
surprise that people are doubling up.

Still, given that
the marriage rate remains on trend, the rise in cohabitation isn’t
coming at the expense of marriage. Instead, many young couples who
might otherwise merely be dating are moving in together. Some of them,
no doubt, will eventually marry. Truly, the recession has not torn
young couples apart; it has pushed them closer together.


© 2010 The New York Times

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FOOD MATTERS: Northern treat

FOOD MATTERS: Northern treat

The first time I
heard of Alkaki was from one of the owners of Abule Café. The café is
part of The Life House on Sinari Daranijo Street in Victoria Island,
Lagos. Abule simply means village, and the owners have a strong
suggestion of an organic approach to their sparse but interesting menu.

I have to admit to
liking the way their minds work. It is refreshing to have a place where
you can go for a snack of a bowl of gari, iced water and groundnuts in
the afternoon comfortably sipped in air conditioning while surfing the
Internet…or their own charming version of Buck’s Fizz, a combination
of champagne and zobo; or their delicious Chapman’s made from freshly
squeezed watermelon and other fruit juices, Angostura bitters and
additional well guarded secret ingredients. Theirs is the very first
Chapman’s that I have drunk with an unsuspecting and tranquil mind.

One of my favourite
Abule Café stories is that of fresh palmwine available there from the
beginning of the week. A nursing mother who wants to bring on the
breast milk can go in at the start of the week and drink this palmwine
and at the weekend when it is fully and irredeemably fermented, those
wishing to mainline alcohol can go in and get unrepentantly drunk.

Abule Café’s Alkaki
comes from a friend of the house who makes them somewhere in the North
and sends them down to Lagos. It is apparent that they are carefully
and lovingly made. They are made up of twists of fried wheat dough
soaked in honey. In texture and taste they remind me of what I consider
the best honey wheat bread available in Nigeria sold by High Quality
Bakery in Calabar. The Alkaki, like the honey wheat is grainy, dense,
sweet (sweeter) crumbly and honey infused. A piece of the pastry broken
off reveals hidden silken tracks of honey. It is best served fresh, or
warmed in the oven, with a cup of coffee or Lipton tea.

Also Alkaki has
pedigree. It was originally the preserve of Northern aristocrats who
had it for tea or as a desert. I like to imagine Fulani ladies draped
in limited edition Hollandaise Ankara sitting under alcoves ordering
one such as myself about with trays of Alkaki, cold Lassis,

Fura and hot
fragrant teas, talking about the year’s yield of tea on plantations in
Taraba State in soft cultured voices. Alkaki has strong strains of
Arabic cuisine where desserts and puddings are prepared with wheat
flour, yoghurt and always always always, drenched in honey.

I asked Ugoma
Ebilah, who owns Abule with her husband, to request the summary of the
recipe for Alkaki from their Northern friend and was by and by snubbed.
I didn’t take it to heart. In a country of over 150 million people, no
Nigerian recipe can be successfully enshrouded. I finally stumbled on a
version in my old tattered Maggi family menu cookbook made from 2 cups
of crushed wheat, 2 teaspoons of yoghurt, 1 bottle of groundnut oil, 2
cups of honey and 2 tablespoons of lime juice. The methodology is also
simple enough.

Instead of crushed
wheat, I bought a N50 peak-milk-tin measurement of whole wheat sold out
of a huge Dangote bag. I ground a few handfuls of the wheat to coarse
flour in my blender’s dry mill, sieved it and added to the sieved
flour, yoghurt and about three spoons of groundnut oil, enough to
loosely hold the dough together. I must admit to substituting the lime
juice for water and also that something about the ground wheat
suggested and even demanded the addition of a handful of coriander
seeds. The dough must be left for a few hours or overnight to ferment.
The remaining oil is heated, the dough fried in it till the Alkaki is
the colour of golden honey. The Alkaki is removed from the heat and
submerged in a jar of honey. From experimenting, I found that they must
be submerged for a period of time to get an impressive infusion.

My Alkaki certainly does not have the well-dressed look of Café
Abule’s. Their friend has so perfected the art of making them, of
twisting the dough together to look like small pretty twisted brioches,
and has probably done this for years that I certainly cannot begin to
compete. But the taste of mine was commensurate if not better for being
freshly made, with a grainier bite from the coarseness of the flour and
coriander seeds, also fragrant from the coriander, honey sweet and
certainly worth the roundabout research and snobbery.

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HERE & THERE: The position

HERE & THERE: The position

“Let me put it this
way, that the environment at the moment is getting better for business
and the issues of corruption are being addressed on a daily basis. We
have the EFCC there, we have NDLEA and they are all addressing the
issue. And I believe that there is a clean up exercise going on right
now and it should be given a chance so that we will be able to say in
another 2, 3 years what the position really is.”

Well, it took a
little longer than three years to get to the EFCC’s conviction of Mrs.
Cecilia Ibru former managing director and chief executive officer of
Oceanic Bank for three counts of fraud and money laundering. And though
it was a different clean up exercise than the one she was referring to
in that December 2007 interview on the BBC’s Hardtalk the former
doyenne of the banking industry did get swept up in the famous tsunami
that got its impetus not from the EFCC but from the current governor of
the Central Bank, Lamido Sanusi. He it was who set off the earthquake
when he landed on his new seat last year and the banking shake up that
followed will be forever associated with him Mrs. Ibru is to spend five
months in jail with time taken off for the period already spent in EFCC
custody.

She is to forfeit
assets and cash to the value of N190 billion, an astronomical amount
for most people to fathom. But it does seem from the list of her assets
that the EFCC disclosed that it will be doable. And that, indeed, is
the position.

Cecilia Ibru
handled herself well in that interview fending off the rather goading
questions with calm. She was asked about her bank’s support of public
private partnerships and about where she would draw the line in going
into business with corrupt state governments who channeled revenue into
cars and private planes in a country where 70 percent of the populace
lived inpoverty. “ What you have just described there, of course you
know it is something that we should be ashamed of. It is the structure
that was wrong because if you give money to governors and you don’t ask
for accountability you are asking for trouble. And that is what
happened.”

Ibru explained that
those types of governors had been retired or were on their way out
under the new dispensation of President Yar ‘Adua. “The ones that are
there now they have different approach to how money should be
expended,’’ she said. And continued: “We have the seven point agenda by
our president which everyone is working on and I believe…” Well she
believed that with all arms of government working towards the same goal
it would make for a better Nigeria in years to come.

It is all quite
neat really. Mrs. Ibru saved the country the cost of a long messy
trial, and unexplained disappearances, dropped her initial
protestations against the charges and admitted guilt in a plea bargain
that includes the forfeiture of extensive assets with some miniscule
jail time from a cumulative sentence of 18 months.

Take the case of
Olusoji Abiodun Ilori, 48, who has bagged himself a cumulative sentence
of 120 years for 419 fraud. He is to spend three years in prison. He
was arraigned by the EFCC on a 40-count charge after an arrest at Dugbe
Post Office Ibadan in March 2009 where he was trying to mail more than
200 scam letters containing forged documents.

In sentencing
Ilori, Justice M. Abimbola, according to the statement issued by the
EFCC’s media unit on its website “condemned the attitude of Nigerians
who are desperate to make money at all costs and by any means possible,
thereby bastardising the image of Nigeria. He said the misadventure of
Ilori and other scammers was capable of scaring away foreign investors
and businessmen from the country.”

Well Mr. Ilori will
have to pay his debt to the state in time spent in incarceration since
it seems he was apprehended in midscam so to say. admittedly long after
Mrs. Ibru will have returned home, but the EFCC can pencil him off
their register.

Nigerians though will have to keep a keen count on that long list of
assets from Mrs. Ibru that spans a motley list of capitals Alausa,
Abuja, Dubai and London. Property markets are iffy right across the
globe and the devil knows that keeping track of the paperwork is labour
intensive. So the EFCC’s role is far from over, and while this has been
a successful investigation and something to crow about, 70 percent of
Nigerians must still watch and wait.

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Sonangol, PetroSA eye oil joint venture

Sonangol, PetroSA eye oil joint venture

Angolan state-owned
oil firm Sonangol and South Africa’s PetroSA Ltd. are considering
setting up a joint-venture to build and manage refineries, Angola’s oil
ministry said in a statement.

The announcement
was made after a South African delegation, led by energy minister,
Dipuo Peters, met with Angola’s oil minister, Jose Botelho de
Vasconcelos, in Luanda earlier this week, Angola’s oil ministry said.

“Both parties are
considering the possibility of creating a joint venture between
Sonangol and PetroSA for the construction and management of refineries
and terminals of petroleum products,” the oil ministry said.

Angola is Africa’s
biggest oil producer, but its sole 37,500 barrels per day plant covers
only 30 percent of domestic needs. A new $8 billion refinery in the
port city of Lobito is expected to be ready by 2014.

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BRAND MATTERS: Customer service versus brand image

BRAND MATTERS: Customer service versus brand image

The customer
service week was observed throughout the globe in the last one week,
but some key issues were not addressed in order to give the week the
meaning it deserves. Customer service is the life of any business and
when customers are not happy, the life of any business is threatened.

The way a customer
is treated goes a long way in projecting brand image. From my findings
and experience over the years, efficient customer service is a key
issue that is lacking in several organisations. This ultimately affects
the image of the brands and erodes consumers’ confidence in the brands.
The culprits in this area are telecom companies, banks and quick
service restaurants. The telecom companies focus more on online
customer service which increases negative perception of their brands.

The truth is that
online customers are invisible and you create psychological trauma for
them. There is that basic need for human to human interaction that
promotes mutual trust and understanding. In most cases, you waste
valuable time waiting for a response that can never be. It was only
after the advent of the Sanusi Tsunami in the banking sector that some
banks started focusing on good customer service. When you walk into a
banking hall, you will find dejected and hostile faces responding to
you. In some cases, some bank tellers scream at their customers!

The issue is it
creates perception problems for the brand in question because word of
mouth goes a long way in either building or destroying a brand. Good
customer service is all about bringing customers in and about sending
them away happy – happy enough to pass positive feedback about your
business along to others, who may then try the product or service you
offer for themselves and in their turn become repeat customers.

Questions begging for answers

The organisations
who celebrated customer service week in the media, should answer these
salient questions: What have you done to enhance customer satisfaction?
What can you give customers that they cannot get elsewhere? Do you
follow-up and thank customers even if they don’t patronise your
service? What can you give customers that is totally unexpected?

The gospel truth is
that these questions may never get favourable responses because some
organisations have not integrated customer service into the corporate
strategy. There should be a Customer Value Proposition for any service,
product or brand. This focuses on the need to place premium value on
every individual customer as crucial to the continued existence of the
organisation.

I believe the first
step to good customer service is to know the customer. When you know
the customer, you build a relationship and the customer becomes a fan
of the brand. Most companies do not go this extra mile to know the
customers and build a beneficial relationship with them. It is pathetic
that several brands do not have relationship with their customers. It
is not only when you have sales promotion that you remember your
customers. There should be a database that provides useful information
about your customers, wedding anniversaries, and birthdays among
others. When relationships are not built with customers, there is no
way such business will have customer retention. There is a level of
customer satisfaction that should make the consumers have a life time
experience with a specific brand.

It is also very
important to gain feedback from customers in respect of customer
service. This helps the brand to succeed and retain a strong pedigree.
Effective listening helps in knowing and identifying the needs of the
customers. When customers are listened to, it creates an atmosphere of
trust and ultimately, builds loyalty for the brand. This is also
important as customers feel important and appreciated. When customers
have a sense of belonging, they believe they own the brand.

GTB Example

My wife woke up on
her birthday last September, and the text message she first received
was that of GTB. She was surprised, because she has not operated the
account for some time. I could see smiles on her face. GTB is one bank
that I know has consistently focused on going the extra mile in
customer service.

The point of
differentiation for the bank is building relationship and sustaining
brand loyalty. The bank parades employees who have good customer
disposition. ‘Wouldn’t You Rather Bank with us’?

The bank’s slogan
is a living testimony to the banks customer service culture, I have
been with the bank for some time and through the branches I have
related with, the story has been the same. The bank’s customer’s
service culture is one that has projected the bank positively and
generated favourable perception for it.

A customer centric
approach is important to maintaining a good brand image. The focus here
is to build brand loyalty through customer experience. Customers will
always come back when you deliver a great experience for them. This
translates to enormous results for the brand in the marketplace. The
image of any brand is based on customer’s unique experience and this
whether positive or negative influences his or her decisions. The
resultant effect of this is either death sentence or life for the brand.

Ayopo, a
communication strategist and public relations specialist is the chief
executive officer of Shortlist Ltd, ayopo@shortlistprng.com

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OPEC holds output steady as oil price firms

OPEC holds output steady as oil price firms

OPEC
agreed on Thursday to hold intact a supply policy that has served it
well for nearly two years and set aside the concern that a weak dollar
would drive the oil price too high for a fragile world economy.

Ecuador, which
holds the rotating presidency of the Organization of the Petroleum
Exporting Countries, confirmed the no-change decision and said the
group’s next conference would be in Quito, on December 11.

Earlier, a delegate told Reuters the ministers had been “100 percent” in agreement there was no need to change policy.

Oil prices did not
react to the widely-expected OPEC news, but they held firm at close to
$84 a barrel, drawing support from a weak dollar, which has stoked
buying across the commodities asset class.

The market has
climbed above the $70-$80 price range, which top exporter, Saudi
Arabia, has said is ideal for producers and consumers. But speaking
just before Thursday’s meeting, its oil minister said the kingdom was
still happy with the oil market for now.

“The biggest
challenge we have is to keep the oil market as it is today,” Saudi
Arabian oil minister, Ali al-Naimi, told reporters.

He declined to be
drawn on a price level that might endanger economic recovery, but said
producers were concerned about a possible slide back into recession.

“I hope we don’t have a double dip. Everybody is working very hard to avoid it,” he said.

Oil rises, dollar falls

International
benchmark U.S. crude has this month climbed above Naimi’s favoured
range, as heightened expectation of more stimulus for the United
States, the world’s biggest economy and biggest oil user, has weakened
the U.S. dollar.

The dollar on
Thursday dropped to its lowest this year against a basket of
currencies, making dollar-denominated commodities relatively cheap for
holders of other currencies.

So far, oil’s gains
have been relatively modest – compared with gold which has hit a series
of record highs – as the dollar impact on oil has been countered by
weak market fundamentals of nearly record-high fuel inventories and
sluggish demand.

Some analysts say there is a risk, however, of a strong oil rally.

“Without a specific
commitment to defend a price level, the oil price can move on
fundamentals between $65 and $100. With QE (quantitative easing)
weakening the dollar and stimulating emerging market economies, that
trend is higher,” said Lawrence Eagles of JP Morgan.

Saudi Arabia, which
is keen to preserve long-term demand for its extensive reserves and is
holder of the bulk of OPEC’s spare output capacity, has traditionally
stepped in to add more oil if it considers the market is rising too
fast.

Others in the
group, including Venezuela, Algeria, Iran, and Libya, have tended to
favour a higher price to meet domestic budgetary needs and have argued
a weaker dollar erodes the value of their petrodollars and justifies
more costly oil.

Algerian energy and
mines minister, Youcef Yousfi, said on Thursday he would like to see an
oil price of between $80 and $100 per barrel.

“A price between $80 and $100 would be comfortable as the dollar depreciation is a concern,” he said.

Libya’s most senior
oil official, Shokri Ghanem, said a price of around $75-$85 was
acceptable, but he would welcome more expensive oil.

“As a matter of fact, the terms of trade are going against OPEC because the dollar is getting eroded,” he said.

The decision to
keep output unchanged still leaves the group plenty of leeway to adjust
supplies informally. Compliance with the record cut of 4.2 million
barrels per day (bpd) announced in December 2008 – when OPEC last
formally changed its output policy – has slipped to 57 percent,
according to the latest Reuters assessment.

Ministers can discuss the situation again in the near future.

In addition to
their next output policy meeting in Ecuador, on December 11, Saudi
Arabia is hosting a meeting in Riyadh next week, as part of a wave of
celebrations to mark the 50th anniversary of OPEC, which was founded in
September 1960.

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Stock market capitalisation records gains

Stock market capitalisation records gains

Investors at the
Nigerian Stock Exchange (NSE) on Thursday recorded additional gains on
their equities’ value, as market closed trading on a positive note.

The Exchange market
capitalisation of the 199 First-Tier equities closed yesterday at
N5.999 trillion after opening the day at N5.988 trillion, reflecting
0.18 percent upturn or over N11 billion gains. Meanwhile, about N174
billion has been recovered since transaction began this week.

The NSE All-Share
Index on Thursday also appreciated by 0.18 percent or a gain of 45.8
units from Wednesday’s figures of 24,439.37 basis points, to close at
24,485.17.

Four NSE sectoral
indexes reflected the positive outlook yesterday as the NSE-30 Index,
which measures the performance of blue chips in the market, gained by
0.15 percent; the NSE Food/Beverages gained the highest points by 0.99
percent; Insurance gained by 0.58 percent; the NSE banking, the only
loser, declined by 0.17 percent, while the NSE Oil/Gas moved up by 0.50
percent.

Analysts at
Resource Cap, a portfolio management company, said its outlook for the
market remains positive following the “various measures by the NSE’s
management to restore investors’ confidence in the market.”

Banking sector leads

The banking
subsector was the most active on Thursday, leading market transaction
volume with 84.37 million units of shares valued at N635.17 million, as
against the 198.59 million units of shares valued at N1.65 billion
recorded on Wednesday.

The volume recorded
in the sector was driven by transaction in the shares of Zenith Bank,
First Bank, Intercontinental Bank, and Access Bank. The four stocks
accounted for 21.74 percent of the entire market volume.

The Insurance
subsector followed, trading 30.40 million shares valued at N17.98
million. Transactions in the subsector were largely driven by the
shares of Goldlink Insurance, which accounted for about 75 percent of
the subsector’s volume.

The Food/Beverages
subsector came third with investors trading 15.98 million shares valued
at N483.53 million. Investors in Cadbury and Dangote Sugar enhanced
activities in the subsectors in terms of volume.

More gainers

The number of
gainers at the close of trading session yesterday closed higher at 33
as against the 32 gainers recorded previous day; while losers closed
lower at 18, compared with the 24 stocks recorded on Wednesday.

Flour Mills Nigeria
led the price gainers’ chart, appreciating by N1.40 to close at N69.70
per share. Cadbury shares went up by N1.38 to close at N31.70, while
African Petroleum grew by N1.30 to end at N27.83.

Cement Company of
Northern Nigeria led the price losers’ chart, shedding 60 kobo to close
at N13.40. Unilever lost 48 kobo to close at N29.54, while Dangote
Flour Mills depreciated by 35 kobo to end the day at N15.00 per share.

Meanwhile, as
requested by the board of directors of the concerned companies, the
Exchange on Thursday adjusted the prices of Chellarams Plc and
Custodian & Allied Insurance Plc for a dividend of 8 kobo and 6
kobo respectively.

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Expert urges insurance directors to embrace corporate governance

Expert urges insurance directors to embrace corporate governance

The Chairman, Board
of National Insurance Commission (NAICOM), Maryam Ciroma, on Thursday,
urged insurance directors to imbibe the culture of good corporate
governance.

Mrs Ciroma said
that this was the only way to make the commission’s enlightenment
programme on corporate governance worth the while. “I urge insurance
directors to reciprocate the good gesture of NAICOM by doing all within
their powers to implement the new code of corporate governance,” she
said. “This is a way of contributing their quotas toward building a
strong and viable insurance industry in the country.”

She said that by adhering strictly to the Code of Corporate
Governance for the industry, the directors would help to sustain the
industry’s premium growth.

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Gombe to spend N118.36m on pilgrims’ accommodation

Gombe to spend N118.36m on pilgrims’ accommodation

The Gombe State
government is to spend N118.36 million as subsidy for the accommodation
of 2,500 pilgrims in Mecca, Saudi Arabia.

The executive
secretary of the State Muslims Pilgrims Welfare Board, Umar Abdulsalam,
told the News Agency of Nigeria (NAN) in Gombe that the government
would subsidise each pilgrim with 1,076 Saudi Riyals (N47,344).

He said the 2,500 intending pilgrims comprised 1,510 males and 1,003 females, to be accompanied by 13 officials.

Mr. Abdulsalam said
the state’s pilgrims would be transported from Gombe International
Airport in five days, starting from October 20.

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CEOs discuss corporate governance

CEOs discuss corporate governance

Georg Kell, the
Executive Director of the United Nations Global Compact, will lead
other business leaders and leaders to resolve issues concerning
corporate governance and its direct bearing on national growth and
development at the CEOs Forum of the 16th Nigerian Economic Summit
taking place at the Transcorp Hilton on October 21.

This gathering will
examine the necessary corporate governance codes, barriers to complete
adherence and its effects on companies’ bottom-lines. Chaired by Mr
Kell, it will be attended by CEOs such as Stephen Onasanya of
FirstBank; Mutiu Sumonu of Shell Companies in Nigeria; Alain D’Kat of
Siemens Nigeria and Ifueko Omoigui-Okauru of the Federal Inland Revenue
Service, among others.

The agenda focuses on strategies for building business models that will enable Nigeria achieve the Vision 20:2020.

The summit,
‘Nigeria @ 50: The Challenge of Visionary Leadership and Good
Governance’, is expected to attract key players in government and
business who will seek progressive steps in moving our economy forward.

The CEOs Forum, which is part of the series of events billed for the
16th Nigerian Economic Summit, scheduled for October 19 to 21, is
organised by the Nigerian Economic Summit Group in conjunction with the
National Planning Commission. It will also feature other sessions such
as the Presidential Policy Dialogue, Election 2011 Debate, Emerging
Leaders Forum, Policy Dialogues and Dialogue with the Economic
Management Team (EMT) amongst others.

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