How Policy Summersaults Stall Economic Devt, by Ohuabunwa

06 Sep 2013

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Mr.  Sam Ohuabunwa, Chairman,  ACBD

Ndubuisi Ugah

Chairman of the African Centre for Business Development (ACBD, organisers of the National Business Analysis Conference, Mr.  Sam Ohuabunwa, has blamed some of the policy summersaults, which has characterised some of the federal government’s policies for the reasons, why the nation has remained in ‘economic quagmire’ compared to other developing nations.
Ohuabunwa, who stated this while briefing journalists in Lagos, on the forthcoming the third annual National Business Analysis Conference, tagged: BAConf 2013, said the general platitude both on the part of government and the citizenry had not really helped the nation economically.

“Today, we have so many policy summersaults. A situation where we start running at the sound of what we consider a danger, and then suddenly realise that we are actually running in the direction of the imminent danger. We need business analysis to help bring us out of this challenge so that our business decisions can become more scientific, thus increasing the chances of our success,” he added.

Speaking against the backdrop of this year’s conference, which has been scheduled for September 24 to 25, in Lagos, he said the general platitude at times impacted on some of federal government’s plans for the masses to reap the dividends of democracy, which is not always good.
“We may need to sober to ask, why is it that we spend so much in the energy sector, and particularly on electricity?  The government groans under so much subvention and budgetary spending to keep the sector going, while the citizenry groan under ever increasing electricity tariff, yet the sector has failed to stabilise,” he asked.

He noted the resultant effect of the disconnect prompted the birth of the National Business Analysis body, to address some of the deficiencies, which according to him, was occasioned by selfishness, self-centredness, among others.
While stressing: “The African Centre for Business Development have championed the process of promoting and facilitating business transformation in Africa, starting from Nigeria”, Ohuabunwa said the body have been “keen advocates of the need for fundamental changes in the way businesses are run, starting from the business of governance and government businesses which impact significantly on our socio-economic lives, and also private sector businesses which is the heartbeat of the economy.”

According to him, “it was in this light that we went into a strategic partnership with the Nigerian chapter of the International Institute of Business Analysis, and pioneered the National Business Analysis Conference some three years ago.  From a mind-blowing maiden edition in November 2011, to an outstanding event in 2012, the National Business Analysis Conference has gradually, but steadily established itself as a melting pot for contemporary business ideas and strategy, propelling enterprise-wide transformation in both public and private sector organisations in Nigeria.
“As the foremost National Business Analysis Conference in Africa, BAConf Nigeria has led the way in demonstrating how business analysis can be used to effectively drive business results. For too long, our country has underperformed in virtually every facet of the economy.

“We have seen a rather paradoxical situation where the more money our country makes, the poorer our people becomes.  National resources have been deployed to so many different projects in the different sectors of the economy, yet we see little or no results, and sometimes we see rather opposite results!  Private sector enterprises that are expected to grow and provide the much needed economic stimulus, are crumbling and barely managing to survive.”
Ohuabunwa, who was also a former chairman of Neimeth International Pharmaceutical Plc, stated: “In the past three years, I have supported the National Business Analysis Conference, principally because of the opportunity it afford us to redefine our objectives and rethink our strategy.”

On the objective of the conference, Ohuabunwa said: “The vision behind BAConf (Business Analysis Conference) in Nigeria is to bring home some of the benefits already recorded in places like Europe, USA, Canada, and recently South Africa, through the application of best practice business analysis principles and value propositions in driving business results.

Tags: Business, Nigeria, Featured, Policy, Economic

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