2014/15 Annual Report PAN-ATLANTIC UNIVERSITY ABOUT PAN-ATLANTIC UNIVERSITY Pan-Atlantic University is a private institution of higher learning located in Lagos, Nigeria. Members of the University Management Council Find below information on some aspects of the University’s governance, its teaching activities and its campuses. 1. 2. 3. 4. 5. 6. 7. Governance PAN-ATLANTIC UNIVERSITY GOVERNING COUNCIL The Governing Council is the supreme body of the University and it appoints the University’s principal officers, deans and professors. Decisions of special importance for the longterm future of the University have to be approved by the Governing Council. A list of the members of the Governing Council can be found at the bottom of this page. TEACHING AND RESEARCH Currently, Pan-Atlantic University has four main units: • PAN-ATLANTIC UNIVERSITY MANAGEMENT COUNCIL The University Management Council is responsible to the Governing Council for the development and implementation of the Strategic Plan, the annual objectives and the financial budgets of the University. It also has responsibility for the day to day management and administration of the University. Prof. Juan Manuel Elegido (Chairman) Prof. Chantal Epie Dr. Enase Okonedo Dr. Ikechukwu Obiaya Mr. Peter Bamkole Mr. Chidi P. Awagu Mrs. Rosemary Okolo • • A school of business administration: It started in 1991 as the Lagos Business School (LBS). The programmes of the School of Business Administration addressed to practising managers, are still branded under the umbrella of the Lagos Business School. A unit which offers services and non-degree programmes to small businesses: The Enterprise Development Centre (EDC). It started in 2003. A graduate school of media: The School of Media and Communication (SMC). It started in 2008. Members of the PAU Governing Council (1st row, left to right): 1. Mr. Jess Castellote, 2. Prof. Sola Kushimo, 3. Prof. Ade Elebute CON, 4. Prof. Juan Manuel Elegido, ViceChancellor, 5. Mr. Pascal Dozie CON, Pro Chancellor and Chairman of Council, 6. Mrs. Rosemary Okolo, Registrar & Secretary to Council, 7. Prof. Olufemi Bamiro, Dr. Fabian Ajogwu SAN. (2nd row, left to right): 1. Prof. Emevwo Biakolo, 2. Dr. Enase Okonedo, 3. Prof. Mark Nwagwu, 4. Mr. Chidi Awagu, 5. Otunba Peter Adegbesan, 6. Mr. Tony Oputa A Annual Report 2014/15 PAN-ATLANTIC UNIVERSITY PAU in Numbers № of Students/Participantss Degree Programmes Non-Degree Programmes School of Business Administration 342 4,008 School of Media and Communication 188 209 - 466 Enterprise Development Centre Total № of Students/Participants 530 № of full-time faculty 45 • A unit dedicated to the education of software developers: Information Systems Academy (ISA). It started in 2014. The objective of education in our university is the wellrounded formation of the human person. This is why every first degree programme includes several courses in the humanities. We also seek, by deliberate design of the programmes, to inculcate and groom the entrepreneurial spirit in our students and participants. The University aims at nurturing individuals who are professionally competent, creative and enterprising, zealous for the common good and able to make free and morally upright decisions and who thus act as positive agents of change in service to society. The founders of Pan-Atlantic University were inspired in beginning this educational project by the teachings of the founder of Opus Dei, an institution of the Catholic Church. Furthermore, the Prelature of Opus Dei provides the spiritual and pastoral means necessary in order that the University may maintain and develop its Christian identity. The Prelature of Opus Dei helps to ensure that all teaching, publishing and research activities in PAU are inspired by the Christian view of the person, the world and society. Schools And Other Units SCHOOL OF BUSINESS ADMINISTRATION (SBA) The School of Business Administration currently runs first degree programmes in Business Administration and Accounting and a doctoral degree programme in management. Annual Report 2014/15 4,683 Within the School of Business Administration, the Lagos Business School offers several MBA programmes and also provides experienced professional managers with high quality general management education relevant to the Nigerian business environment. LBS offers a wide spectrum of open-enrolment seminars on essential issues in business for business leaders and managers. Customised in-company seminars are also arranged for companies who need to train large groups of staff in a particular area. LBS programmes attract over 3,000 participants yearly. Executive education at LBS has a strong practical orientation, drawing from the experience of faculty and participants. The system of teaching privileges the case-study method and group-work approaches to learning. LBS places a premium on maintaining a close relationship with the corporate clientele it serves. Constant interaction with participating organisations, a committed corporate support group of 70 companies, plus the counsel and support rendered by the School’s distinguished Advisory Board, play major roles in securing this linkage. SCHOOL OF MEDIA AND COMMUNICATION (SMC) The School of Media and Communication was instituted by Pan-Atlantic University in recognition of the critical role of the media and entertainment industries in shaping societal values and cultural life. No less important is the growing contribution of the creative industries to the Nigerian economy. B PAN-ATLANTIC UNIVERSITY Over 4,000 participants attend professional development programmes in PAU annually The establishment of SMC is informed by the aspiration to train professionals who will uphold the highest intellectual, ethical and professional values that promote creativity, critical knowledge, technical perfection, social responsibility, and the spirit of enterprise. The School offers a Bachelor of Science degree in Mass-Communication; a Post Graduate diploma in three streams, Design and New Media, Journalism, and Community Relations; full-time and part-time M.Sc. programmes; a PhD in Media and Communication as well as non-degree programmes for professionals. Information Systems Academy (ISA) has been established partly for this purpose. The academy will seek to accelerate the injection of world-class software and information systems experts into the Nigerian economy with emphasis on mobile and web technologies. The programmes of the ISA enable participants acquire good working knowledge of cutting-edge programming, software project management, entrepreneurship as well as sound professional ethics. ENTERPRISE DEVELOPMENT CENTRE (EDC) Pan-Atlantic University currently operates two campuses in the Lekki Peninsula – one at Ibeju-Lekki (located at km 52, Lekki-Epe Expressway, Ibeju-Lekki) and another at Ajah (located at Km 22, Lekki-Epe Expressway, Ajah) The Enterprise Development Centre of Pan-Atlantic University has the mission of providing holistic business development and support services to small and medium enterprises (SMEs) in Nigeria. EDC provides capacity building programmes and a variety of wrap-around services such as advisory services, mentoring, experts-in-residence, network meetings, access to market & information, implementation of organisational plans and more. EDC’s mission is to build a network of entrepreneurial leaders through a commitment to continuous learning, process improvement and business integrity. UNIVERSITY CAMPUSES IBEJU-LEKKI CAMPUS The main campus of the University occupies a 100 hectare land area located in Ibeju-Lekki. It has been conceived as a campus with flexible and adaptable buildings and spaces designed to give a sense of unity and completeness. In this campus can be found the offices of the University Administration, the School of Media and Communication, the School of Business Administration, the Information Systems Academy and the Institute of Humanities - an academic service unit of the University AJAH CAMPUS INFORMATION SYSTEMS ACADEMY (ISA) Nigeria is a potential gold mine for software development and implementation in the global value chain. However, there is a pressing need for the actualization of such potential by means of suitable education and training. The C This campus which has an area of 10 hectares is located at Km 22, Lekki-Epe Expressway, Ajah, Lagos. This campus is the site of the Lagos Business School and the Enterprise Development Centre. Annual Report 2014/15 THE UNIVERSITY TABLE OF CONTENTS THE UNIVERSITY2 University Development2 Physical Development2 New Appointments3 Personnel4 Donations to the University4 Information on Students and Participants 6 Summary of Participation in Programmes 6 University Convocation7 PAU Arts8 PAU CSR8 University Research9 SCHOOL OF BUSINESS ADMINISTRATION (SBA)14 Personnel14 Staff Development14 Honours and Recognition to Staff15 Programmes15 Lagos Business School16 Honours and Recognition to School/Accreditation 16 Programmes16 Other Major Activities17 New Institutional Relationship18 Students Related Activities19 LBS Alumni Association (LBSAA)20 LBS CSR Activities22 Donations to LBS22 Notable Guests23 SCHOOL OF MEDIA AND COMMUNICATION (SMC) 24 Personnel24 Honours and Recognition to Staff24 Staff Development25 Programmes25 SMC Alumni Association (SMCAA)26 Other Major Activities26 Notable Guests28 ENTERPRISE DEVELOPMENT CENTRE (EDC)29 Physical Development29 Personnel29 Honours and Recognition to Staff29 Staff Development29 Programmes30 Information on EDC Services30 Other Major Activities30 Formal Linkages 34 Notable Guests36 Annual Report 2014/15 THE UNIVERSITY FROM THE VICE-CHANCELLOR In reporting on the activities of PAU during the last academic session, perhaps the main thing to say is that in spite of multiple problems and obstacles we have successfully concluded the first year in our new B.Sc. programmes in Mass Communication, Business Administration and Accounting. We have made a conscious decision that our first priority during the early years of our life as a full university will be to deliver first class education; with all due humility I can say that we are on course in making this a reality. I have tried to speak regularly with groups of students to get feedback from them on their experiences in the University and the message I have heard most often is that they are very pleased with the quality of the teaching they are receiving: small classes, lecturers who go out of their way to make themselves understood and accessibility by all members of staff. I would like to thank especially the students and parents who had enough faith in Pan-Atlantic University last year to make us their choice even though at the time there was very little to see in our new campus. That they do not regret that choice is perhaps better proved by the fact that—no doubt due to what they have said to their friends—this year there is a significant increase in the number of applications. a strong online component. The Lagos Business School offers a Modular Executive MBA programme in which 30% of the interaction takes place online. Dr. Yinka David-West and Dr. Obinna Muogboh, both of them lecturers in the Lagos Business School, have developed a MOOC on Project Management for the African Management Initiative which is currently being taken by students all over the African continent. In all of these programmes the main objective is to get participants to interact online regularly with faculty and among themselves. Our experience is that the two key factors in attaining these objectives is to deploy the right software and get faculty to adapt their teaching style to the demands of this new medium. None of these two things are easy to achieve, but I am happy to report that after a good deal of trial and error, we feel we are now on the right track and soon will move to deploy more systematically our newly gained capabilities in all our existing programmes. I am certain that all of this will constitute a strong source of competitive advantage for Pan-Atlantic University in the near future. Another major development in the University during recent times relates to our use of new educational technologies. Many of you will have heard of MOOCS (Massive Open Online Courses) as they have been widely discussed in recent years—and often presented as the wave of the future and a sure panacea for all manner of problems. By now calmer assessments of their potentialities have come to prevail, but there is no doubt that MOOCS embody the most exciting development in education technology in recent times. In PAU we want to be proactive in taking advantages of the possibilities of the new online means of instruction, while remaining determined to stress those factors that make PAU special such as first class physical facilities and close personal interactions and group learning. The practical outcome of these considerations is that we are betting on blended learning approaches that use online instruction as a complement rather than a substitute for face to face interaction. We have taken several significant steps to develop the capability to deliver instruction online. The Enterprise Development Centre (EDC) has a programme in cooperation with the World Bank for delivering entrepreneurial education and they have already done three editions of it. In this four-month programme, 60% of the work is done online, while the balance is delivered face to face. EDC has also developed jointly with the Bank of Industry and the African Management Initiative a Youth Enterprise Support Programme which aims at training 50,000 young entrepreneurs over the next five years and which will have 1 .Prof. Juan Manuel Elegido Vice-Chancellor Annual Report 2014/15 THE UNIVERSITY One of the hostels at the Ibeju Lekki Campus THE UNIVERSITY UNIVERSITY DEVELOPMENT Physical Development Ibeju-Lekki Campus Hostels In addition to the two hostels built last year, two more hostels have been completed in preparation for the new academic session. One hostel has been built for men and another for women. Each of the hostels has a capacity of 110 bed spaces. With this development, at least 440 bed spaces are available for students in the coming session. football field - this has been designed in such • aMain way as to accommodate two five-a-side games if desired. • Minor football field. Infrastructure Utility Building A mini-complex of three buildings has been constructed to cater to the utility requirements of the campus. These are essentially, the water treatment and storage facility, the power generation and distribution facility as well as the sewage treatment facility. In addition to these, there are maintenance offices and workshops, gas and diesel generator points, and the fuel tanks that supply them. Sports Area The following areas have been completed in the sports area of the campus: A multi-purpose double court which has been • designed to accommodate the following games Annual Report 2014/15 • Volley ball • Lawn tennis • Badminton • Basketball Power All buildings have individual sized transformers and are connected to the central distribution point with buried armoured cables. Roads & Walkways Construction of the road network has been completed. Already the roads constructed connect the campus to the expressway as well as connecting the FCMB Students’ Centre and the hostels to the academic complex. The roads are two-lane dual carriage ways for motor vehicles. Each side of this motor-way will measure 7.0m in width with a 10.0m wide drainage channel between them. On each side of the 2 THE UNIVERSITY motor-way will be a covered walkway (3.2m wide), for use by pedestrians. The road network has been constructed using interlocking paving stones while the walkways have been made of pre-cast concrete slabs. Drainage The main drainage conduits have been built as open re-enforced concrete channels with a depth of about 950mm and a width of 1,400mm. The conduits run parallel to the road network. Sewage Lines Sewage lines from each building connect to the central sewage treatment plant. Street Lights Street lights and pedestrian lights have been placed beside the driveways and walkways. Ajah Campus As announced earlier, construction of the new building of the Enterprise Development Centre has been concluded. NEW APPOINTMENTS CHAIRMAN, BOARD OF TRUSTEES OF PAN-ATLANTIC UNIVERSITY FOUNDATION The members of the board of trustees of Pan-Atlantic University Foundation have appointed Dr. Charles A. Osezua O.O.N. as Chairman of the Board of Trustees. Dr. Osezua served in various positions with the Nigerian National Petroleum Corporation (NNPC) and was at the forefront of championing gas utilization and development initiatives, both within and outside of government. He also served as Special Assistant to the Head of State on Petroleum Matters. He currently serves as the Chairman of the Owel-Linkso Group in Nigeria. He also serves as a NonExecutive Director of Morison Industries Plc. 3 PRO-CHANCELLOR AND CHAIRMAN OF GOVERNING COUNCIL The Board of Trustees of Pan-Atlantic University Foundation has appointed Mr. Pascal G. Dozie C.O.N. as the new ProChancellor and Chairman of Governing Council effective from the 17th of February 2015. Prior to this, Mr. Dozie was the Chairman of the Board of Trustees of Pan-Atlantic University Foundation (PAUF), a Nigerian not-for-profit educational trust which owns Pan-Atlantic University. Mr. Dozie is also the founder and former Chairman/Chief Executive Officer of Diamond Bank PLC and is currently the Chairman of MTN Nigeria and a founding partner of Africa Capital Alliance, the first Nigerian private equity fund manager. Dr. Ikechukwu Obiaya has been appointed Dean of the School of Media and Communication (SMC). He replaces Dr. Mike Okolo who had been the acting dean. Prior to his appointment, Dr. Obiaya was Director of academic programmes in the SMC. Mr. Nnamdi Nwokoye has been appointed to the recently created role of Director, ICT & Services. Prior to this appointment he was Director of ICT. With this new appointment, Mr. Nwokoye is now responsible for ICT, Security, Maintenance, Facility Management, Cafeteria, Document Production and Reception Services. DR. KOLADE STEPS DOWN AS PRO-CHANCELLOR The former Pro-Chancellor, Dr. Christopher Kolade CON who had previously informed the Board of Trustees of PanAtlantic University Foundation (PAUF) of his desire to step down from his role as Pro-Chancellor and Chairman of Governing Council, Pan-Atlantic University did so effective from the 16th of February 2015. This marked 6 years of exemplary service in this capacity. During this period and under his guidance, the University began offering undergraduate programmes and effected the movement of all units to the Ibeju-Lekki and Ajah campuses with the attendant infrastructural developments. Annual Report 2014/15 THE UNIVERSITY PERSONNEL SUMMARY OF PERSONNEL DATA Academic Professional Support Total 45 42 41 119 105 103 175 184 167 339 331 311 2014/15 2013/14 2012/13 STAFF DEVELOPMENT - central administration Frank Wiggle attended a conference on international fundraising organised by the Council for Advancement and Support of Education (CASE) which held in New York in February 2015. Chidi Nwagu recently concluded the Executive-MBA programme at Lagos Business School. Kingsley Ukaoha is currently enrolled in the Executive-MBA programme at Lagos Business School. Blessing Nwigwudu is currently participating in the Senior Manager Programme at Lagos Business School. Norbert Edomah is currently pursuing his PhD at the Anglia Ruskin University, Cambridge. His area of specialisation is in Sustainable Energy. of a museum where these artworks and photographs will be on display. He also pledged an annual contribution of $100,000 for fifteen years for the operation of the museum, amounting to a total donation of ₦2.2b both in cash and the value of the artworks. This donation is the first of its kind to a Nigerian University and the first donation towards establishing a privately funded public museum in Nigeria. The collection includes traditional art, modern paintings and sculptures and photographs of Nigeria’s fast disappearing cultural festivals. The modern paintings include works by such notable artists as Aina Onabolu, Ben Enwonwu, Yussuf Grillo, El Anatsui, Simon Okeke, Uche Okeke, Eke Okaybulu, Akinola Lashekan and Bruce Onabrakpeya, among many others. The contemporary paintings include works by Disoye Tantua, Segun Aiyesan, Kelani Abass etc. Sculptural pieces produced by Adeola Balogun, Ben Enwonwu, Oladapo Afolayan, Isiaka Osunde, Okpu Eze etc. The photographs of Nigeria’s cultural festivals were predominantly produced by Ariyo Oguntimehin. DONATIONS TO THE UNIVERSITY During the course of the session, PAU received a number of donations from Prince Yemisi A. Shyllon towards the development of a Museum of Nigerian Art. Prince Shyllon, who is widely regarded to own one of the most important collections of modern African Art, has donated 1,000 of the best artworks in his collection as well as two hundred photographs depicting Nigeria’s peoples and cultures to the University. The value of the collection has been estimated at one billion, six hundred and seven million, eight hundred and eighty five thousand Naira (₦1,607,885,000:00). In addition, he has donated a further ₦100m towards the construction Annual Report 2014/15 PAU ENDOWMENT FUND The University’s endowment is a collection of gift funds and reserves which are set aside and invested to support the University’s teaching and research. This is in line with the practice of the best universities all over the world. The fund is independently controlled by trustees. As at July 31, 2015, the endowment totalled ₦517 million. Gifts and pledge payments, investment returns, and other invested funds increased the endowment by ₦87.5 million in the past year, an increase of 20%. 4 THE UNIVERSITY Prince Yemisi Shyllon made donations amounting to a total value of N2.2bn to the University PAU’s first matriculation for first degree programmes was held on 17th January 2015 5 Annual Report 2014/15 THE UNIVERSITY INFORMATION ON STUDENTS and participants summary of participation in PROGRAMMES TEACHING UNIT № of New Students Enrolled this Session № of Students During this Session 23 25 23 25 2 58 57 32 15 109 112 58 2 52 68 22 37 37 - 30 30 24 43 25 11 - 43 54 24 - 58 26 - 530 252 Accounting (B.Sc.) Business Administration (B.Sc.) SCHOOL OF PhD BUSINESS Full-time MBA ADMINISTRATION LAGOS Executive MBA BUSINESS SCHOOL Modular Executive MBA Mass Communication (B.Sc.) SCHOOL OF MEDIA AND COMMUNICATION Postgraduate Diploma Full-time M.Sc. Part-time M.Sc. PhD ENTERPRISE DEVELOPMENT CENTRE TOTAL 343 *Expected Figures A total of 497 students were enrolled in degree programmes during the last session Annual Report 2014/15 6 № of NON-DEGREE Students PROGRAMMES who Graduated in this Session* 4,008 209 466 4,683 THE UNIVERSITY At the eleventh convocation ceremony, 264 candidates were admitted to degrees from various programmes UNIVERSITY CONVOCATION The eleventh convocation ceremony of Pan-Atlantic University held on Saturday, 6th December 2014 at the Honeywell Group Auditorium in the Ajah campus of the University. 264 candidates were admitted to degrees from various programmes. The guest speaker at the event was Mr. Sammy Olagbaju, Chairman of the Visual Arts Society of Nigeria. The event was presided over by Dr. Christopher Kolade CON, who at that time was the Pro-Chancellor of Pan-Atlantic University. EVOLUTION IN NUMBER OF GRADUATES SCHOOL OF BUSINESS ADMINISTRATION SCHOOL OF MEDIA AND TOTAL COMMUNICATION LAGOS BUSINESS SCHOOL Modular Full PartFullPostExecutiveExecutive- Time time time graduate PhD M.Phil MBA MBA MBA M.Sc. M.Sc. Diploma Tenth Convocation (2013) Eleventh Convocation (2014) Expected Figures for Twelfth Convocation (2015) 1 1 47 - 55 32 38 16 190 1 2 64 - 65 25 58 49 264 2 1 68 22 52 26 58 24 253 7 Annual Report 2014/15 THE UNIVERSITY PAU hosted an exhibition of artworks by Olumide Onadipe titled Twists and Twins PAU ARTS PAU CSR Pan-Atlantic University (PAU) received a collection of artworks and photographs from renowned art collector, Prince Yemisi Shyllon. The collection of artworks is made up of 1,000 of the best artworks in his collection as well as two hundred photographs depicting Nigeria’s people and cultures. Art Exhibition PAU hosted an exhibition of artworks by Olumide Onadipe titled Twist & Twins. The exhibition was held from 2nd to 23rd May, 2015 at the EDC building in the Ajah campus of the University. Olumide Onadipe is a full time experimental studio artist practicing in Lagos, Nigeria. He is a graduate of the Nsukka art school, known vastly for artists who are proponents of the Uli painting style. Though traditionally a painter, Onadipe employs a tecnique akin to recycling materials to create works of art. Poetry Reading A poetry reading session held at the Ibeju-Lekki campus of the University on Wednesday, 3rd June 2015. The event featured Nwachukwu Egbunike, a blogger cum essayist and author of the new poetry collection, Blazing Moon and Servio Gbadamosi, an arts administrator and author of the poetry collection A Tributary in Servitude Annual Report 2014/15 Scholarships Pan-Atlantic University offers tuition fee aid/scholarships to 15% of our undergraduate students. 5% are on full scholarships while 10% are on partial scholarships. The scholarship programme is a corporate social responsibility (CSR) initiative of the University. Scholarships are based on merit and the need for financial aid. Merit does not refer to good grades alone but also demonstrating a character congruent with values upheld by the University. During the 2014/2015 academic session, a total of 11 students were on scholarship; 6 enjoyed full scholarships while 5 were on partial scholarships. In addition these students received further financial aid by participating in the work-study programme. Students on work-study are employed at different jobs in the University and are paid for the number of hours of work they put in per month. The programme accommodates a maximum of 20 hours a week per student. Police Post PAU during the session donated a police post to the IbejuLekki community. The police post is located just outside the campus walls and is accessible only via the expressway. This is because it is meant primarily to serve the surrounding community. It however enjoys all the utility services available to the university community (power, water, sewage treatment). The building features the following – a charge room, a fully reenforced armoury room, an en-suite commanding officer’s room, an administration office, female and male changing rooms and toilets. 8 THE UNIVERSITY UNIVERSITY RESEARCH Publications by Members of Faculty of Pan-Atlantic University, 2014/15 (Please note that items presented in previous reports do not appear below even if they were accepted during a previous session but where only published in the academic session 2014/15) BOOK CHAPTERS Adeleye, I. L., Iheanachor, N., Ogbechie, C. I., & Ngwu, F. (2015). FirstBank of Nigeria: Developing an internationalization strategy. In I. Adeleye, K. Ibeh, A. Kinoti, & L. White (Eds.), The changing dynamics of international business in Africa (pp. 262 - 288). Basingstoke and New York: Palgrave Macmillan. Adeleye, I., Ibeh, K., Kinoti, A., & White, L. (2015). The changing dynamics of international business in Africa: Emerging trends and key issues. In I. Adeleye, K. Ibeh, A. Kinoti, & L. White (Eds.), The changing dynamics of international business in Africa (pp. 1 – 12). Basingstoke and New York: Palgrave Macmillan. Adeleye, I. L., Sule, A., & Tobun, S. (2014). UTHI: Leading change in healthcare. In G. Sardana and T. Thatchenkery (Eds.), Organizational transformation: Change management perspectives (pp. 169 - 178). New Delhi: Bloomsbury. Agina, A. (in press, 2015). NFVCB’s ban of ‘Fuelling Poverty’: Political move or national security? In W. Mano, B. Knorrp, & A. Agina (Eds.), African film cultures. Newcastle, UK: Cambridge Scholars Publishing. Babalola, O. & Adeleye, I. L. (2014). Teaching ethics in career management. In K. Ogunyemi (Ed.), Teaching ethics across the management curriculum - A handbook for international faculty (pp. 245 - 258). New York: Business Expert Press. Adi, B. C. (2014). Financial responsibility: Personal finance basics and time value of money. In G. U. Agbagwa (Ed.), Career path: Capacities, competencies and character (pp. 14 - 20). Maryland, USA: The Centre for Social Awareness, Advocacy and Ethics. Ajai, O. O. (2014). Corporate impact on the environment and the judicial development of the norm of corporate sustainability: Implications for the implementation of the UN Global Compact. In L. Leonard & M. A. Gonzalez-Perez (Eds.) Advances in sustainability and environmental justice series volume 17 - Beyond the UN global compact: Institutions and regulations (pp. 93 116). Bingley, UK: Emerald Publishing. Ajai, O. O. (2015). Failure of Africa-to-Africa internationalization: Key factors and lessons. In I. Adeleye, K. Ibeh, A. Kinoti, & L. White (Eds.), The changing dynamics of international business in Africa (pp. 148 – 168). Basingstoke and New York: Palgrave Macmillan. 9 Amaeshi, K., Adeleye, I. L., & Amao, O. (2014). Corporate social responsibility and employee relations in Africa: Evidence from the Nigerian banking sector. In Sonny Nwankwo and Kevin Ibeh (Eds.), The Routledge Companion to Business in Africa. London and New York: Routledge. Anibaba, Y. (2015). Knowledge transfer through expatriation – How do subsidiary employees count? In I. Adeleye, K. Ibeh, A. Kinoti, & L. White (Eds.), The changing dynamics of international business in Africa (pp. 32 – 51). Basingstoke and New York: Palgrave Macmillan. David-West, O. O. (In press, 2015). Information and communications technology (ICT) and the supply chain. In Handbook of research on global supply chain management. David-West, O. O. (In press, 2015). E-Commerce management in emerging markets. In I. Lee (Ed.), Encyclopaedia of e-commerce development, implementation, and management. David-West, O. O. (2014). Teaching ethics in decision-making: embedding moral reasoning in the management of information systems. In K. Ogunyemi (Ed.), Teaching ethics across the management curriculum - A handbook for international faculty (pp. 179 - 198). New York: Business Expert Press. Demuijnck, G., Ogunyemi, A. O., & Lasida, E. (2015). Business and management practices influenced by Catholic humanism: Three case studies. In D. Melé & M. Schlag (Eds.), Humanism in economics and business: Perspectives of the Catholic social tradition (pp. 215238). Springer: Dordrecht. Enwere, E. & Uzo, U. (2014). The future of ethics education in management curricula. In K. Ogunyemi (Ed.), Teaching ethics across the management curriculum - A handbook for international faculty (pp. 323 - 330). New York: Business Expert Press. Obiaya, I. (In press, 2015). Il Nigerian Film and Video Censors Board: Le basi socio-politiche della censura dei video Nigeriani (The Nigerian Film and Video Censors Board: The socio-political basis of video film censorship). In A. Jedlowski, & S. Giovanna (Eds.), Schemi d’Africa. Il cinema di Nollywood in Africa e altrove. Rome: Aracne. Annual Report 2014/15 THE UNIVERSITY Ogunyemi, A. O. (2014). One Nigerian femtrepreneur: A case study of virtue in business. In V. Ramadani, S. GërguriRashiti & A. Fayolle (Eds.) Female entrepreneurship in transition economies: Trends and challenges (pp. 265 – 278). Hampshire, UK & New York: Palgrave Macmillan. Ogunyemi, A. O. (2014). The art and ethics of business: Through African (Yoruba) lenses. In R. J. Blomme & B. van Hoof (Eds.). Another state of mind: Perspectives from wisdom traditions on management and business (pp. 230 – 245). Hampshire, UK & New York: Palgrave Macmillan. Ogunyemi, A. O. (2014). Teaching ethics across the management curriculum. In K. Ogunyemi (Ed.), Teaching ethics across the management curriculum - A handbook for international faculty (pp. 1 - 14). New York: Business Expert Press. Ogunyemi, A. O. (2014). Developing country perspectives: A look at the Nigerian banking sector crisis. In P. O’Sullivan, N. F. B. Allington & M. Esposito ( Eds.), The Philosophy, Politics and Economics of Finance in the 21st Century: From Hubris to Disgrace (pp. 453 - 466). Hampshire, UK and New York: Routledge, Taylor and Francis. Uzo, U. (2014). Embedding ethical issues in marketing management classes: An instructors’ guide. In K. Ogunyemi (Ed.), Teaching ethics across the management curriculum - A handbook for international faculty (pp. 201 - 212). New York: Business Expert Press. Uzo, U. (2015). Research in Motion/Blackberry: Managing channel conflicts in Nigeria. In I. Adeleye, K. Ibeh, A. Kinoti, & L. White (Eds.), The changing dynamics of international business in Africa (pp. 205 – 219). Hampshire, UK and New York: Palgrave Macmillan. Tsaaior, J. T. (2015). “Imagining nationhood, framing postcoloniality: Narrativizing Nigeria through the kinesis of (hi)story” in A. El-Affendi (Ed.). Genocidal nightmares: Narratives of insecurity and the logic of mass atrocities (pp. 53 – 72). New York and London: Bloomsbury. JOURNAL ARTICLES Adeleye, I. L. (In press, 2015). Accelerating corporate transformation in emerging markets: The case of FirstBank. South Asia Journal of Business and Management Cases. Adeleye, I. L., Sule, A., & Tobun, S. (2014). Managing change in health care: A case of UTHI. South Asian Journal of Business and Management Cases, 3(2), 139-147 Annual Report 2014/15 Ajai, O. O. (2014). Profit creation, intra and inter-generational equity: Need for new company law. African Journal of Business Management, 8(14), 511-521. Amaeshi, K., Adegbite, E., Ogbechie, C. I., Idemudia, U., Seny Kan, K. A., Issa, M., & Anakwue, I. J. O. (In press, 2015). Corporate social responsibility in SMEs: A shift from philanthropy to institutional works? Journal of Business Ethics. Amujo, O. C. & Otubanjo, B. O. (in press, 2015). Nation Rebranding for Stimulating Tourism in the Aftermath of a Genocide. International Journal of Hospitality and Tourism Administration. Epie, C. & Bada, F. (2014). Proactive stress management at GSK (Nigeria): Promoting work-life balance. Human Resource Management, 6 (1), 73 - 76. Ikiebey, G., Omovbude, R., Shogbanmu, S., & Otubanjo, O. (In press, 2016). The Meaning and uses of cause related marketing. Marketing Review, 16 (2). Kelikume, I., Alabi, F. A., & Ike-Anikwe, R. C. (In press, 2015). An empirical analysis of monetary policy reaction function: Evidence from Nigeria. International Journal of Business and Finance Research. Kelikume, I., & Evans, O. (In press, 2015). Inflation Targeting as a Possible Monetary Framework for Nigeria. International Journal of Business and Finance Research. Kelikume, I. (In press, 2015). Interest Rate and Credit Sensitivity of Sectoral Output in Nigeria. International Journal of Business and Finance Research. Ogbechie, C. I. & Adeleye, I. L. (In press, 2015). Corporate Governance Practices and Leadership in Nigeria. Management in Nigeria Journal. Ogbechie, R. & Anetor, F. O. (2015). An Appraisal of Succession Planning in Family-Owned Businesses in Lagos State, Nigeria. European Journal of Business and Management, 7 (12). Ogunyemi, A. O. (In press, 2015). Employer Loyalty - The Need for Reciprocity. Philosophy of Management. Ojadi, F. & Walters, J. (2015). Critical factors that impact on the efficiency of the Lagos seaports. Journal of Transport and Supply Chain Management, 9(1). Ovadje, F. O. (2015, March 25). Developing change competence for the African environment. The World Financial Review. Retrieved from http://www. worldfinancialreview.com/?p=3764 10 THE UNIVERSITY Ovadje, F. O. (2015). What kind of leader will thrive in Africa? IESE Insight, First Quarter (24), 32-39. Tsaaior, J. T. (In press 2015). “Telling the Tale, Telling The Nation: Tiv Tales, Modernity and the (Re)Construction of Nigerian Nationhood” in Journal of Southern African Folklore Studies. Tsaaior, J. T. (2015). “Those Days and These Days: Akiga’s Narrativisation of the Tiv Nation in History of the Tiv” in Africa: The Journal of the International African Institute, 85 (4). Epie, C. (2015). Sports Radio 88.9 Brila FM: Motivation through empowerment. The Case Centre: 415-108-1. Lagos, Nigeria: Lagos Business School. Ogbechie, C. I. (2014). +CSR: The Equity Bank way. The Case Centre №: 714-071-1. Lagos, Nigeria: Lagos Business School. Ogbechie, R. (2014). Kate Osa and Mr. Kilo. The Case Centre №: 714-082-1. Lagos, Nigeria: Lagos Business School. . BOOKS Ogunyemi, A. O. (2014). The lumberworks agent. The Case Centre №: 714-066-1. Lagos, Nigeria: Lagos Business School. Adeleye, I., Ibeh, K., Kinoti, A., & White, L. (Eds.). (2015). The changing dynamics of international business in Africa. Basingstoke and New York: Palgrave Macmillan Ogunyemi, A. O. (2014). Tinuke Mosuro - Career mom. The Case Centre №: 714-083-1. Lagos, Nigeria: Lagos Business School. Ikiebe R. O., (Ed.). (2015). Nigeria media leaders: Voices beyond the newsroom volume one. Lagos: BarnHouse Publishing. Okonedo, E. (2015). Scripts limited. The Case Centre №: 115047-1. Lagos, Nigeria: Lagos Business School. Ikiebe R. O., (Ed.). (2015). Nigeria media leaders: Voices beyond the newsroom volume two. Lagos: BarnHouse Publishing. Okonedo, E., Akomode, T., & Adeniji, J. (2015). LAPO Microfinance Bank: Reinventing microfinance in Nigeria. The Case Centre №: 114-090-1. Lagos, Nigeria: Lagos Business School. Mano, W., Knorrp, B. & Agina, A. (Eds.). (in press, 2015). African film cultures. Newcastle, UK: Cambridge Scholars Publishing. Onwuegbuzie, H. N. (2014). Rob Ukropina: Success is giving first. A and B. The Case Centre №: 814-077-1. Lagos, Nigeria: Lagos Business School. Momoh, I. (2015). A Survey of Media and Communication Theory. Lagos: Rhime Publishers. Tongo, C. (2014). Sapphire Oil Plc: Sweetening labourmanagement negotiations. The Case Centre №: 414142-1. Lagos, Nigeria: Lagos Business School. Ogunyemi, K. (Ed.). (2014). Teaching ethics across the management curriculum - A handbook for international faculty. New York: Business Expert Press. CASE STUDIES Alos, A. & Olukoya, O. (2014). Chocolate City Group: Ear candies online. The Case Centre №: 614-085-1. Lagos, Nigeria: Lagos Business School. Anibaba, Y. (2014). MWOB: Designing dreams. The Case Centre №: 114-093-1. Lagos, Nigeria: Lagos Business School. Enyinna, T. (2015). Ecoscope magazine. The Case Centre №: 115-046-1. Lagos, Nigeria: Lagos Business School. Enyinna, T. (2014). Tide Bank: A capital consolidation dilemma. The Case Centre №: 314-310-1. Lagos, Nigeria: Lagos Business School. Uzo, U. & Tobun, S. (2014). Ibeju Water Company: Relationships in the selling process. The Case Centre №: 514-176-1. Lagos, Nigeria: Lagos Business School. TECHNICAL NOTES Ajai, O. O. (2014). Economic meltdown and duties of directors key legal issues and lessons. The Case Centre №: 714069-6. Lagos, Nigeria: Lagos Business School. Ajai, O. O. (2014). Companies law and corporate governance. The Case Centre №: 714-067-6. Lagos, Nigeria: Lagos Business School. Ajai, O. O. (2014). Coordination, communication and reporting in compliance management. The Case Centre №: 714068-6. Lagos, Nigeria: Lagos Business School. Ajai, O. O. (2014). Ethical and corporate governance issues in HR management. The Case Centre №: 714-065-6. Lagos, Nigeria: Lagos Business School. Okolie, E., Olukoya, O., & Ejiofor, K. (2015). Ondo State Government: Comeserve. The Case Centre №: 615-0061. Lagos, Nigeria: Lagos Business School. 11 Annual Report 2014/15 THE UNIVERSITY Ajai, O. O. (2015). Uses and limitations of the balanced scorecard. The Case Centre №: 415-106-1. Lagos, Nigeria: Lagos Business School. Ajai, O. O. (2015). Traits, attributes and competencies of a good (effective) negotiator. The Case Centre №: 415-105-1 Lagos, Nigeria: Lagos Business School. Ajai, O. O. (2015). The manager’s role in promoting peaceful industrial relations. The Case Centre №: 415-104-1. Lagos, Nigeria: Lagos Business School. Alos, A. (2014). Musical record labels and Nigerian hip hop artistes. The Case Centre №: 514-141-6. Lagos, Nigeria: Lagos Business School. David-West, O. O. (2014). Key issues for IT executives: Management concerns summary (2003 – 2012). The Case Centre №: 914-031-6. Lagos, Nigeria: Lagos Business School. Ojadi, F. (2014). Managing the queue. The Case Centre №: 614-082-6. Lagos, Nigeria: Lagos Business School. CONFERENCE PAPERS Adeleye, I. L., Ogbechie, C. I., Iheanachor, N., & Ngwu, F. (2014, August). First Bank: Crafting an internationalization strategy. Paper presented at the Academy of International Business Sub-Saharan Africa Chapter Inaugural conference, Nairobi, Kenya. Anibaba, Y. (2014, September). Institutionalization of a paradigm in micro-OB research and its expression in the affect-turnover literature. Paper presented at the 2014 British Academy of Management conference, Belfast Waterfront, Ireland. Babalola, O., Adeleye, I. L., & Onaji-Benson, T. (2015, August). The diffusion of strategic compensation practices in Africa: An institutional approach. Paper presented at the Academy of International Business Sub-Saharan Africa Chapter annual conference, Johannesburg, South Africa. Elegido, J. M. (2015, April). Mutuality in marketing. Paper presented at ‘The 4th International Colloqium on Christian Humanism in Economics and Business – Christian Ethics and Spirituality in Leading Business’, IESE Business School, Barcelona. Iheanachor, N. & Ogbechie, C. I. (2015, August). Cross-cultural training job performance and expatriate adjustment A study of Nigerian expatriate bankers on assignment in other African countries. Paper presented at the Academy of International Business Sub-Saharan Africa Chapter Conference 2015, Johannesburg, South Africa. Kelikume, I. (2014, October). Inflation Targeting as a Possible Monetary Framework for Nigeria. Paper presented at the Global Conference on Business and Finance, Las Vegas, USA. Kelikume, I. (2014, October). An Empirical Analysis of Monetary Policy Reaction Function: Evidence from Nigeria. Paper presented at the Global Conference on Business and Finance, Las Vegas, USA. Ogbechie, R. (2015, July). The effect of fear on commitment and ethical decision in organizations: A study of small and medium scale enterprise managers in Nigeria. Paper presented at the 2nd European Conference on Ethics, Religion & Philosophy (ECERP2015), Brighton, United Kingdom. Ogbechie, R. (2014). Investigating the effect of retrenchment on the family and society in Nigeria. Paper presented at the Association for Public Policy, Analysis and Management, (APPAM) International Conference, Sergovia, Spain. Ogunyemi, A. O. (2014, August). Responsible. Paper presented at the Academy of Management Annual Meeting, Philadelphia, Pennsylvania. Ogunyemi, A. O. & Mele, D. (2014, August). Organizational levels of human quality treatment: Evidence from Four SMEs. Paper presented at the Academy of Management Annual Meeting, Philadelphia, Pennsylvania. Elegido, J. M. (2014, June). Mapping the unknown country: What does price justice mean? Paper presented at a conference on ‘Towards a Role for Price Justice in Contemporary Contract Law’, Universita Cattolica del Sacro Cuore, Milan. Ogunyemi, A. O. (2014, August). Developing an alternative paradigm: Global perspectives on humanistic management. Paper presented at the Academy of Management Annual Meeting, Philadelphia, Pennsylvania. Elegido, J. M. (2014, October). An exploration of the Mutuality Principle in marketing ethics. Paper presented at the conference ‘Equal in an Unequal World’ organised by the Business Ethics Network of Africa, University of Stellenbosch, South Africa. Ohu, E. (2015, May). Cultural intelligence sounding the death knell for stereotypes in business communication. Paper presented at the 7th Tricontinental Conference on Global Advances of Business and Communication, Michigan, United States of America. Annual Report 2014/15 12 THE UNIVERSITY Ohu, E. & Onobhayedo, P. (2014, October). Towards a culturecentric approach to business communication. Paper presented at the 79th Annual Conference of the Association for Business Communication, Philadelphia, United States of America. Onyeajuwa, M. K. (2015, June). The Nigerian mobile consumers’ engagement with the Boko Haram conflict and other social change issues. Paper presented at the Reframing Media/Cultural Studies in the Age of Global Crisis conference, University of Westminster, UK. Ohu, E. & Onobhayedo, P. (2014, October). Online behaviour of mobile internet users in a developing economy: Implications for audience engagement in the digital space. Paper presented at the 79th Annual Conference of the Association for Business Communication, Philadelphia, United States of America. Uzo, U. (2015, August). Fertile research grounds in emerging and developing countries: Revisiting the role of the researcher. Paper presented at the 2015 Academy of Management Annual Meeting, Vancouver, Canada. Ohu, E. A. & Ohu, I. P. (2014, August). Effects of terrorism and insurgency on the internationalization of firms. Paper presented at the Academy of International Business Sub-Saharan Africa Chapter Inaugural Conference, Nairobi, Kenya. Okpara, N. ( 2015, July). The role of ethical principles in new media: A case of pouring new wine into old wine skin? Paper presented at the European Conference on Ethics Religion and Philosophy, Brighton, UK. Okpara, N. ( 2015, July). The ethical dimension of citizen journalism: A case study of the 2015 presidential election in Nigeria. Paper presented at the European Conference on Media, Communication and Film. Brighton, UK. 13 Uzo, U. & Ogbechie, C. I. (2015, April). Price setting patterns in direct selling organizations: Insights from Nigerian organizations. Paper presented at the 2015 National Conference in Sales Management, Houston, USA. Uzo, U. & Ogbechie, C. I. (2014, August). Sources of variance in organizing for street vending: Insights from street vending organizations in Nigeria. Paper presented at the Academy of International Business Sub-Saharan Africa Chapter Inaugural Conference, Nairobi, Kenya. Uzo, U. & Ogbechie, C. I. (2014, August). Research in motion: Managing channel conflicts. Paper presented at the Academy of International Business Sub-Saharan Africa Chapter Inaugural Conference, Nairobi, Kenya. Annual Report 2014/15 SCHOOL OF BUSINESS ADMINISTRATION LBS programmes attract over 3,000 participants annually SCHOOL OF BUSINESS ADMINISTRATION (SBA) PERSONNEL Support Professional Research Academic № of New Staff 12 10 11 8 Total № of Staff 112 59 17 36 staff DEVELOPMENT Frank Ojadi has completed his PhD programme at the University of Johannesburg, South Africa. His area of specialisation was transport and supply chain management ON-GOING DOCTORAL PROGRAMMES BY sba FACULTY Faculty Member Area of Research Institution Osaro Agbontaen Economics University of Gdansk, Poland Okechukwu Enyinna Business Ethics Pan-Atlantic University Ikechukwu Kelikume Economics Swiss Management Centre University, Zurich Kayode Omoregie Finance Swiss Management Centre University, Zurich The following members of faculty attended the International Faculty Programme (IFP) at IESE Business School, Barcelona 4. Eugene Ohu 5. Uchora Udoji 1. Ogechi Adeola 2. Bongo Adi 3. Uche Attoh The IFP is a unique 3-week programme that covers essential aspects of business management teaching. Annual Report 2014/15 14 SCHOOL OF BUSINESS ADMINISTRATION Eugene Ohu was a participant in the Senior Manager Programme Uche Attoh participated in the Advanced Manager Programme Bongo Adi is currently participating in the Senior Manager Programme Charles Ivenso attended the Advanced Management Programme (AMP) at IESE. Olamide Ibitoye participated in the Fundraising Fundamentals programme of the Council for Advancement and Support of Education (CASE) at Pittsburgh, USA in September, 2014 Ijeoma Nwagwu attended the Global Forum for Responsible Management Education at New York in April 2015 Nubi Achebo and Henry Onukwuba attended the UNICON Directors’ Conference at GIBS, South Africa in April 2015 Nubi Achebo attended the GE Crotonville Fellows Design Meeting in January 2015 HONOURS AND RECOGNITION TO STAFF Dr. Doyin Salami was appointed the Vice-Chairman of the transition committee of President Muhammadu Buhari’s administration. The committee was tasked with managing the process of a smooth transition from the previous administration as well as itemising and recommending action on the most urgent issues confronting the new administration. Dr. Chris Ogbechie has been appointed Chairman, Board of Directors of Diamond Bank Plc. His appointment took effect from the 1st of January, 2015. In December 2014 Dr. Chris Ogbechie also facilitated the first Nestle Stakeholder Conference convened for Central and West Africa stakeholders in Accra, Ghana. The conference was aimed at discussing and obtaining feedback on the company’s ‘Creating Shared Value’ initiatives in the sub-region. Dr. Enase Okonedo was elected to the board of the Association to Advance Collegiate Schools of Business (AACSB) International for a three year term beginning July 2015. Mrs. Rose Ogbechie has been appointed a council member of the Chartered Institute of Bankers of Nigeria (CIBN). She is in the Research, Strategy & Advocacy (RSA) Committee of the new Governing Council inaugurated on Friday, 18 July 2014. Dr. Constantine Tongo obtained the ‘Best Paper Award’ during the 2014 Conference of the Institute of Behavioural and Applied Management (IBAM 22) held in the United States recently. Dr. Tongo’s paper, titled Organisational Behaviour, Theory and Development: Cognitively Based Motivational Principles for Knowledge Sharing and Protection in Organisations critically explores how Knowledge-Based Organisations (KBOs) share and protect knowledge through Collective Work Motivation (CWM). CWM – a new concept in management theory - involves humans’ innate predispositions to effectively undertake collaborative goal-oriented work activities under ideal conditions. PROGRAMMES NEW PROGRAMMES Two new programmes were started in the 2014/15 session. They were 4-year B.Sc. programmes in accounting and business administration. 23 students enrolled in the accounting programme while 25 students enrolled in the business administration programme. DEGREE PROGRAMMES PROGRAMME Accounting (B.Sc.) № of New Enrolments № of Students in this № of Students who will in this Session Session Graduate in this Session* 23 23 - 25 25 - PhD 2 15 2 TOTAL 50 63 2 Business Administration (B.Sc.) *Expected Figures 15 Annual Report 2014/15 SCHOOL OF BUSINESS ADMINISTRATION Lagos Business School (LBS) Founded in 1993, the MBA Tour is an independent information source on MBA admissions which provides opportunities for face-to-face interaction between top business schools and potential students across the world. The group’s events are limited to a carefully selected group of business schools that are reviewed and approved by an advisory board of peers. Lagos Business School (LBS) is the unit of the School of Business Administration which offers programmes for experienced professional managers. HONOURS AND RECOGNITION TO SCHOOL/ ACCREDITATION • In the FT’s Executive Education 2015 ranking LBS once more was placed among the top 60 business schools globally and third in Africa in the open enrolment executive education category, for the ninth consecutive year. In addition, having also for the first time entered for the custom programmes category, LBS was ranked in the 79th spot, the only business school in West Africa to feature in the ranking. • LBS has been accredited by the Association of African Business Schools (AABS) at at a meeting of the association in GIBS, Johannesburg, South Africa. • LBS won the Leadership in Education and Training Award of the Nigerian-British Chamber of Commerce (NBCC) for Best practice in management education. The NBCC award celebrates excellence and good governance in varying areas of national life. It provides a platform to recognise and celebrate outstanding achievements across different areas of Nigerian business. PROGRAMMES DEVELOPMENTS IN PROGRAMMES LBS has restructured its full-time MBA programme in its •quest to develop managers with globally competitive skills that will prepare them for an increasingly complex business environment. With the new structure, applicants will be required to have a minimum of three years’ post-qualification work experience, rather than one and the programme will now last 18 months instead of 21 months. Also, participants can now take part in international exchange programmes for elective courses. • LBS has officially adopted GMAT and the GRE Revised • LBS emerged first runner-up in the ‘delivering excellence General Test as the only forms of written assessment prequalifying applicants for its full-time MBA programme. This development, driven by the School’s efforts to boost the local and international competitiveness of its students, is a departure from the earlier model which gave candidates the option to either write GMAT or the LBS entrance examination. • It is expected that this initiative will strengthen the international recognition given to MBA candidates and also broaden the disciplinary diversity of applicants. in leadership category’ of this year’s Great Place to Work Nigeria (GPTWN) Awards. LBS will join other internationally acclaimed business schools in this year’s MBA Tour. DEGREE PROGRAMMES PROGRAMME № of New Enrolments in № of Students in this this Session Session № of Students who will Graduate this Session* Full-time MBA 58 109 52 Executive MBA 57 112 68 Modular Executive MBA 32 58 22 TOTAL 147 279 142 *Expected Figures Non-Degree Programmes NON-DEGREE PROGRAMMES Programmes Annual Report 2014/15 Seminars and Workshops Executive Education Programmes Total 3,528 480 4,008 16 SCHOOL OF BUSINESS ADMINISTRATION LBS research centres provide an important means of focusing research activities Other Major Activities ACTIVITIES OF THE RESEARCH CENTRES Sustainability Workshop for Media Personnel Firstbank Sustainability Centre The centre held a workshop for media personal and journalists on June 30, 2015 with 22 persons in attendance. (The FirstBank Sustainability Centre seeks to empower individuals and business organizations to implement sustainable solutions to Nigeria’s needs for reliable energy, a resilient environment, as well as robust human and economic development). The International Sustainability Conference 2014 This international conference organised by the FirstBank Sustainability Centre of the Lagos Business School, held on Thursday, 30th October 2014. The keynote address was given by Professor David Grayson from Cranfield Business School in the UK. Panel discussants included Notore Nigeria CEO, Ms. Ivana Osagie; Sahara Group CEO, Mr Tonye Cole; First Bank of Nigeria CEO, Mr Stephen Onasanya and FBN Sustainability Centre Director, Dr Chris Ogbechie. Sustainability Workshop for Women in SMEs Two workshops on Sustainability for Women-Led SME’s were held by the FirstBank Sustainability Centre. The first held on September 30 2014 and had 56 women entrepreneurs in attendance. The second held from 23 -24 April 2015 and had 23 women entrepreneurs in attendance. 17 The Centre for Infrastructure, Policy, Regulation and Advancement (CIPRA) CIPRA is devoted to research, training and advocacy in infrastructure development. The following are some of the main activities carried out by CIPRA during the session – Workshops on Economic Development Strategies: Two of these held during the session. The first, which held from the 8th – 11th December 2014 had 15 participants in attendance while the second, which held from the 23rd – 26th of March 2015 had 23 participants in attendance A Workshop for Research Working Group CIPRA and Heinrich Böll Foundation organized a high-level forum to discuss Nigeria’s Energy Future. The event took place at the Lagos Business School, on April 28, 2015 and brought together international and national energy experts including Hans Verolme- Senior Strategic Adviser, Climate Advisers Network; Christine K - Director, Heinrich Böll Foundation; Batchi Baldeh - Senior Vice President Power, Africa Finance Corporation; Ayodele Oni- Lawyer and Energy Expert, Banwo & Ighodalo; and Hannah Kabir- CEO, Creeds Annual Report 2014/15 SCHOOL OF BUSINESS ADMINISTRATION Keynote speakers at the 2015 ABC Conference Energy among others. The event had 26 participants in attendance. Collaboration With Bloomberg Media Initiative Africa During the session, LBS held three workshops in collaboration with Bloomberg Media Initiative Africa for practitioners in the area of financial journalism. The workshop held as follows – April 27 - 30 with 51 participants in attendance June 1 - 5 with 50 participants in attendance June 30 - July 4 with 50 participants in attendance The Bloomberg Media Initiative Africa is a pan-African programme to build media capacity, convene international leaders and improve access to information in order to advance transparency, accountability and governance on the continent. Lagos Business School is one of the initial partners of the programme. The Annual HR Forum • The 2014 Lagos Business School’s ‘Annual HR Forum’ held on 4 December, 2014 at Four Points Hotel in Lagos. Speakers at the forum included Context Consult Managing Partner Mr. Abiola Popoola and LBS Faculty Dr. Franca Ovadje. Participants at the event included 16 HR Managers from LBS partners such as Nigerian Breweries, Total, Skye Bank and MTN. Annual Report 2014/15 NEW INSTITUTIONAL RELATIONSHIPS • Lagos Business School (LBS) has signed a comprehensive Memorandum of Understanding (MoU) with Strathmore Business School, Kenya which will not only foster stronger academic ties between both institutions but also economic and cultural exchanges. The MoU, which is effective from 4 September 2014, will be valid for 6 years. With the partnership, both schools will have faculty and student exchange programmes, joint organisation of research/workshops and publications, curriculum development in management education, online learning development projects as well as short-term academic programmes/executive education. • The School also signed a Memorandum of Understanding (MoU) renewing the Indian Council of Cultural Relations (ICCR)-Exim Bank Chair of Financial Management at LBS. According to the terms of this MoU, which will remain in force until the end of the academic year 2016-17, LBS will host a visiting professor from India who will teach any one of the following courses in Management - Finance, Accountancy or Organisational Behaviour. • LBS has concluded an exchange programme agreement with the Graduate School of Business, University of Cape Town (UCT). The initial term of the agreement, effective from January 2015 through December 2019, includes partnership in research, academic exchange of students and faculty, as well as collaboration on academic and executive education programmes. 18 SCHOOL OF BUSINESS ADMINISTRATION • LBS has signed a Memorandum of Understanding (MoU) with digital media company, Terragon Group, which will enrich the quality of the School’s open enrolment and executive programmes and also Terragon’s commercial offerings. Under the terms of the two-year agreement, LBS will work with Terragon to host biannual breakfast meetings for marketing executives where trends in the Nigerian/African digital market place will be showcased. Besides offering Terragon the opportunity to hire its MBA students and graduates as interns or full-time staff, LBS will also work with Terragon to continually update the content and relevance of the Digital Communication research courses taught in the School. On its part, Terragon will present digital trends in marketing communications during the proposed biannual breakfast meetings for marketing executives. Both parties will collaborate on designing such presentations, and qualified staff of Terragon will be allowed to facilitate Digital Marketing sessions in their areas of expertise to boost their relevance in the industry. • Another Memorandum of Understanding (MoU) was signed with the Nigerian Economic Summit Group (NESG). LBS will collaborate with NESG as research partner to support the Group’s policy and advocacy efforts. The School will also offer NESG the opportunity to engage its MBA students on a three-month paid internship, and work with NESG to develop and deliver courses covering national economic development, sustainability, ethics and corporate governance, among other areas of mutual interest. • The School has renewed its Memorandum of Understanding (MoU) with the Institute of Work and Family Integration (IWFI). LBS will provide the Institute technical support and knowledge enrichment in the area of Family Responsible Management practices. It will coordinate and assist in the development of IWFI programmes to be run at LBS, while exploring modalities for introducing IWFI courses on work and family integration into its seminars, executive education programmes and MBA programmes. LBS may also accept to take IWFI candidates as research assistants for specified periods at a time. The initial memorandum was signed in 2009. STUDENTS RELATED ACTIVITIES Mba Career Fair The 12th Lagos Business School’s MBA career fair held on Wednesday, 25th March 2015. This year’s fair tagged ‘Managing Talents in Turbulent Times’, had 26 multinationals on board who engaged the School’s MBA students for possible recruitment in the future. Participating students 19 presented industry reports spotlighting sectors such as Oil and Gas, FMCG, Retail, Agriculture and Finance. The companies were Oando Marketing Plc, Total Nigeria Plc, Pagatech Ltd, Accion Micro-Finance Bank, Procter & Gamble, Kimberly-Clark West Africa Ltd, Cummins West Africa Ltd, Lafarge Africa, General Electric, Syngenta Nigeria Ltd, Thomson Reuters Ltd, FBN Capital Ltd, The Nielsen Company, Schneider Electric Nigeria, IS Internet Solutions Nigeria Ltd, Forte Oil Plc, BASF West Africa Ltd, Konga, Lexcel Management Services Ltd, Cormart Nigeria Ltd, Computer Warehouse Group Plc, GlaxoSmithKline, Moorhouse Properties Ltd, Promasidor, WaterHealth Nigeria Ltd, StanbicIBTC Bank Plc. 75% of the graduating class were employed 5 months after graduation. Financing For Mba Students MBA students of LBS can now pay part or all of their tuition with ease following the School’s partnership with Union Bank to make loan facilities available to them with flexible repayment options. The loan facility, accessible to the School’s MBA, Executive MBA and Modular Executive MBA students at any stage in the course of their respective programmes, is repayable over a 4-year period at an attractive interest rate. The loans will be provided with no collateral. STUDENTS LED ACTIVITIES (SLAs) Integrated Leadership Case Competition (ILCC) MBA students of Lagos Business School were the only African students who matched skills in business case analysis with their counterparts from 15 countries across the globe at the Yale School of Management’s Integrated Leadership Case Competition (ILCC). Babalola Williams, Omoye Oghinan, Taiwo Salami and Uchechukwu Ukoh (MBA 12) represented LBS. The ILCC convenes the best students from participating universities to develop creative solutions for business challenges that require the integration of multiple disciplines. Africa Business Conference The third edition of the Africa Business Conference tagged “Innovative Strategies for Sustainable Growth in an Evolving Market” held at Lagos Business School on Friday, June 26, 2015. The conference, organised annually by the School’s MBA students, seeks to bridge the gap between potential and contemporary business leaders so as to ensure sustainable prosperity on the continent. This year’s edition addressed how businesses can position themselves for sustainable growth in Africa, leveraging on growing investments and innovative opportunities on the Annual Report 2014/15 SCHOOL OF BUSINESS ADMINISTRATION continent. The discussions aimed to motivate business owners, SMEs, industry builders and players to be innovative in their business processes following the nature of the global economy and the need for relevance in diverse industries. Speakers at the event included: Mrs. Ibukun Awosika, Chairman, First Bank Capital, Professor Reid Whitlock, Mr. Sid Wahi of Capital Management Advisors (CMA) and more. They shared their insights with participants on innovation as a strategic tool with which businesses will remain competitive in the increasingly dynamic business environment. Interactive panel sessions followed, with panellists drawn from Agriculture, ICT, Fashion, Media and Entertainment, Energy and Manufacturing. LBS ALUMNI ASSOCIATION (LBSAA) Apart from the regular monthly alumni sessions, the LBSAA organises a number of major activities during the year for alumni. Some of them were: THE ALUMNI DAY • The 2014 edition of the annual LBSAA Alumni Day held on Thursday, 20 November. The event, hosted by alumni of the Chief Executive Programme (CEP-21) and tagged ‘Corporate Excellence and Sustainable Development’ featured economic experts such as Mr. Oscar Onyema, CEO, Nigerian Stock Exchange; Dr. Ayo Teriba, CEO, Economic Associates and Mr. Bismarck Rewane, CEO, Financial Derivatives Company. The forum provided the School’s distinguished alumni a refresher on the Nigerian economy, with projections for 2015 as well as interactive panel discussions. Honorary President, Business Council for Africa, Mr Arnold Akpe, was on hand to speak on ‘The Challenges of Corporate Excellence and Corporate Governance in Africa.’ He was joined by Dr Martin Khor, Executive Director of the South Centre, who spoke on the event’s main theme: ‘Corporate Excellence and Sustainable Development.’ Four hundred and fifty (450) alumni attended the event. THE LBSAA PRESIDENT’S DINNER The 2015 LBS Alumni Association President’s Dinner held on Saturday, 27 June at the Eko Hotel and Suites, Victoria Island. Over 1,300 alumni and guests attended the event which is one of the high points of the LBSAA’s social calendar. During the event, Dr. Omobola Johnson who was until recently the federal minister for Information and Communications Technology received the distinguished alumni award for her services to the nation during her spell as minister. CLASS RE-UNIONS The re-union for classes of 2004 - CEP 14, AMP 17, EMBA 8, FTMBA 1, OMP 6, OMP 7, SMP 24, 25 and 26 – held at the Lagos Oriental Hotel, Victoria Island on Sunday, 19 April, 2015. The event witnessed the turnout of the reuniting alumni and their spouses and LBS faculty. During the course of what was mainly an evening of fun and socialising, Dr. Chris Ogbechie made a presentation, on Building a Sustainable Business in an Ethically Challenging Environment. 113 persons attended the dinner. Dr. Omobola Johnson receiving the 2015 Distinguished Alumni Award Annual Report 2014/15 20 SCHOOL OF BUSINESS ADMINISTRATION Over 1,300 guests attended the last LBSAA President’s Dinner OUTREACHES LBS alumni organise among themselves various outreach projects to help those most in need. Below are some of the outreaches carried out by alumni during the session. Outreaches CLASS DATE PROJECT AMP 22 24/12/2014 Visit to Living Fountain Orphange, Oniru, Lekki AMP 22 29/12/2014 Visit to Motherless Babies Home, Ogbaru, Anambra State AMP 22 30/12/2014 Visit to Ibadan Home For Motherless Babies, Ibadan, Oyo State AMP 24 07/11/2015 Compassion Centre (for physically handicapped Children) in Port Harcourt on July 11, 2015. AMP 26 28/01/2015 Donation of N3m worth of school furniture to Lekki Community High School, Lekki Township, Lagos. Date: Wednesday, January 28, 2015. EMBA 10 21/12/2014 Visit to Lekki Motherless Babies Home, Lagos IMP 1 13/12/2014 Complete Renovation and Equipping and Commissioning of one Classroom Block at Primary School, Awoyaya, Lekki, Lagos OMP 11 26/02/2015 Visit to Federal Medical Centre, Yaba. Presented three hospital stretchers to the hospital. 21 Annual Report 2014/15 SCHOOL OF BUSINESS ADMINISTRATION LBS CSR ACTIVITIES • With a focus on the recent Ebola epidemic two hundred health workers across Nigeria were equipped to tackle infectious diseases more effectively at a workshop jointly organised by Lagos Business School, Yale University and the Lagos State Government. The ‘Training the Trainers’ workshop, held in two batches at the LBS campus in Lagos, aimed at developing an infectious disease response team that will efficiently curtail the spread of diseases such as the Ebola virus going forward. • Venture in Management Programme (ViMP), a yearly event organised by LBS and Junior Achievement Nigeria (JAN), is a one-week intensive course designed to introduce select corps members to the responsibilities, opportunities and demands of a career in management. As such, the programme includes stimulating classroom meetings and case studies, culminating in a strategy workshop during which participants present solutions to real-world business scenarios. This year, fifty-one corps members were equipped with skills that would prepare them for a career in management at this year’s edition. Guest speakers at this year’s edition of the programme included: Oare Ehiemua, African Capital Alliance Nigeria Limited; Tayo Leigh, Managing Director, Shortlist Nigeria and Lanre Ojutalayo, former ViMP President. They gave participants talks on financial and career planning; while the latter were in turn presented with CSR and networking opportunities DONATIONS TO LBS DONORS AMOUNTS (N) 1. Zenith Bank 30,000,000 2. SMP 53 2,500,000 3. Mr. V. Ogiemwonyi 1,850,000 4. Anonymous 1,000,000 5. AMP 22 1,000,000 6. AMP 25 1,000,000 7. EMBA – 17 1,000,000 8. Mobil Oil Nig 1,000,000 9. SMP 52 1,000,000 10. CEP 23 600,000 11. Col. Paul Obi (rtd) 250,000 Total Annual Report 2014/15 41,200,000 22 SCHOOL OF BUSINESS ADMINISTRATION NOTABLE GUESTS Dr. Tunji Adegbesan Founder and CEO Gidimobile Ltd Mr. Uzoma Dozie CEO, Diamond Bank Plc Mr. Rasheed Olaoluwa MD, Bank of Industry Mr. Olujimi Agbaje Lagos State PDP Governorship Candidate in the last election Mr. Fela Durotoye CEO, Gemstone Ltd Dr. Omobola Johnson, immediate past federal minister for ICT Mr. Dapo Ajeniya CEO, Green36Concerts Mr. Arnold Ekpe Director, Nigeria Sovereign Investment Authority Mr. Bola Ajomale CEO, NASD Prof. David Grayson Cranfield Business School, UK Mr. Femi Akintunde CEO, AlphaMead Ltd Mr. Micheal Ikpoki CEO, MTN Nigeria Mr. Eso Akinwale CEO, Gennesaret Resources Ltd Ms. Christine K Director, Heinrich Böll Foundation Mr. Andrew Alli CEO, Africa Finance Corporation Ms. Hannah Kabir CEO, Creeds Energy Mr. Akinwunmi Ambode Governor, Lagos state (was a candidate at the time) Dr. Martin Khor ED, South Centre Mrs. Oma Areh CEO, Wildflower PR & Company Dr. John Litwack Lead Economist, World Bank, Nigeria Country Office Mrs. Ibukun Awosika MD, Sokoa Chair Centre Ltd Mr. Batchi Baldeh Senior Vice President Power, Africa Finance Corporation Mr. Segun Banwo CFO, ExxonMobil Upstream Company Ms. Simone Bartlett Co-founder, Eves & Tribes Mr. Tonye Cole CEO, Sahara Group Prof. Lilac Nachum Visiting professor from Baruch College, City University, New York. Mr. Peter Obadare CEO, Digital Encode Mr. Dokun Ogunbodede MD, Sedfort Prof. Adegoke Oke Visiting professor from W.P. Carey School of Business, Arizona State University Mr. Stephen Onasanya CEO, First Bank of Nigeria Mr. Ayodele Oni Lawyer and Energy Expert, Banwo & Ighodalo Mr. Oscar Onyema CEO, Nigerian Stock Exchange Mr. Chris Onyemenam DG and CEO of NIMC. Ms. Ivana Osagie CEO, Notore Nigeria Mr. Bismarck Rewane CEO, Financial Derivatives Company Ltd Dr. Ayo Teriba CEO, Economic Associates Dr. Anderson Uvie Digital Marketing Specialist Mr. Hans Verolme Senior Strategic Adviser, Climate Advisers Network Mr. Rakesh Wahi Founder, ABN Group Prof. Reid Whitlock CEO, Tony Elumelu Foundation Engr. Bamidele Okunaiya MD, Long Cottage Farms 23 Annual Report 2014/15 SCHOOL OF MEDIA AND COMMUNICATION 36 students were admitted into the pioneer class of the undergraduate programme in Mass Communication SCHOOL OF MEDIA AND COMMUNICATION (SMC) PERSONNEL Smc Staff By Numbers Support Professional Academic № of New Staff 1 1 1 Total № of Staff 3 15 12 SMC currently has thirty (30) full-time members of staff. HONOURS AND RECOGNITIONS TO STAFF Dr. Isah Momoh was appointed by the University of Central Lancashire as External PhD Supervisor for Nigeria. Annual Report 2014/15 24 SCHOOL OF MEDIA AND COMMUNICATION STAFF DEVELOPMENT ON-GOING DOCTORAL PROGRAMMES BY SMC FACULTY Faculty Member Area of Research Institution Mrs. Martha Onyeajuwa Communication and Media Studies University of Westminster, UK Mr. Richard Ikiebe Media History University of Westminster, UK Añulika Agina completed her PhD programme at the University of Westminster, London. Her area of specialisation was film and media studies. Patrick Enaholo completed his PhD programme at the University of Leeds. His area of specialisation was new media. PROGRAMMES NEW PROGRAMMES The undergraduate programme in Mass Communication, which began in November 2014, started with a pioneer set of 36 students. The four-year programme will culminate in the award of a B.Sc. degree. DEGREE PROGRAMMES № of New Enrolments in this Session PROGRAMME № of Students in this Session № of Students who Graduated in this Session* Mass Communication (B.Sc.) 37 37 - PGD (Community Relations) 20 20 14 PGD (Journalism) 10 10 10 Full-time M.Sc. 43 43 58 Part-time M.Sc. 25 54 26 PhD 11 24 - TOTAL 146 188 108 *Expected Figures NON-DEGREE PROGRAMMES Programmes Seminars and Workshops Executive Education Programmes Total 162 47 209 25 Annual Report 2014/15 SCHOOL OF MEDIA AND COMMUNICATION Now in its second year, the PhD programme at SMC has enrolled 24 candidates SMC ALUMNI ASSOCIATION (SMCAA) SMC Dinner and Award Night The event was hosted at the Havilah Event Center, Victoria Island on the 16th of January. The event had one hundred and nineteen (119) participants in attendance. The event was sponsored by FirstBank Plc. CME-5 Breakfast Meeting The CME-5 class had a breakfast meeting on Saturday, 2nd May, 2015. The event took place at White House Hotel, Ikeja, and 19 persons were in attendance. The Dean of SMC, Dr. Ikechukwu Obiaya, spoke on unity and the importance of working together for growth and development. The second speaker, Mrs. Hannah Oyebanjo, Marketing Director Colgate Palm Olive, spoke on Self and Career DevelopmentThe value of finding the confidence needed to excel wherever you find yourself. M.Sc. (Full-time) 5 Class Reunion The reunion dinner took place at La Mango Restaurant and Lounge on Saturday, 2nd May. About 40 alumni and guests attended the dinner. Speakers at the event included Dr. I. Obiaya, dean of SMC, Dr. H. Batth (Chief Information Officer, Chellarams Plc), Mr. K. Ajibade (CEO, Kelvin’s Aesthetics Limited) and the Vice president of SMC Alumni Association, Mr. Peter Nwaochei. OTHER MAJOR ACTIVITIES: Distinguished Guest Lecture Series One edition of the Distinguished Guest Lecture Series held during the session on Thursday, 13th August, 2015. The guest was Dr. Willie Obiano, Governor of Anambra State, and he spoke on “Sustaining the Legacy of Growth and Development in Anambra State”. Nollywood Studies Centre Filmmakers’ Forum On a regular basis, SMC brings together members of the Nollywood community and SMC students and alumni for an interactive forum on interesting topics around the development of Nollywood. During the session, the forum held on the following dates and had the following guest speakers: Annual Report 2014/15 26 SCHOOL OF MEDIA AND COMMUNICATION Mr. Ramsey Nouah was the guest speaker at the March edition of the Nollywood Study Centre’s Filmmakers Forum No. Date Speaker Topic Venue Mr. Lancelot Imasuen “The Challenges of Making a Historical Film in Nollywood: Invasion 1897 as a Case Study”. SMC, Pan-Atlantic University, No.2 Ahmed Onibudo Street, Victoria Island. SMC, Pan-Atlantic University, No.2 Ahmed Onibudo Street, Victoria Island. SMC, Pan-Atlantic University, No.2 Ahmed Onibudo Street, Victoria Island. 1 Wednesday, 20th August, 2014 2 Thursday, 25th September, 2014 Mr. Teco Benson “Nollywood and Media Democracy: The Filmmaker as an Agent of Social Change” 3 Wednesday, 29th October, 2014 Mrs. Joke Silva Beyond the Glitz: An Acting Career built on Sweat, Tears and Professionalism 4 Thursday, 27th November, 2014 Successful filmmaking: the art Mr. Kunle Afolayan of combining creativity and a good business sense. 5 Wednesday, 18th March, 2015 Mr. Ramsey Nouah A Journey of Two Decades: Promoting the Actor’s Trade in Nollywood Pattaya Oriental Restaurant 30, Adeola Hopewell Street, Victoria Island, Lagos 6 Saturday, 18th April, 2015 Ms. Kemi Adesoye Writing a successful path into filmdom: The thrills and challenges of being a scriptwriter in Nollywood. Pattaya Oriental Restaurant 30, Adeola Hopewell Street, Victoria Island, Lagos 7 Saturday, 30th of May, 2015 Mr. Chris O. Nkwocha Fighting piracy through the protection of Copyrights in Nollywood Hotel De Island Plot 25, Adetokunbo Ademola street, Victoria Island, Lagos 8 Saturday, 27th of June, 2015 Mr. Fidelis Duker Film Festivals as a Viable Platform for Promoting Film Distribution: The Abuja Film Festival Experience Hotel De Island Plot 25, Adetokunbo Ademola street, Victoria Island, Lagos 27 SMC, Pan-Atlantic University, No.2 Ahmed Onibudo Street, Victoria Island. Annual Report 2014/15 SCHOOL OF MEDIA AND COMMUNICATION Research Grant A research team of the School of Media and Communication received a grant from the Lagos State Government, under the auspices of the Lagos State Government Research and Development Grants Project, to carry out research in Lagos State. The research project is titled Policy, the Film Maker & Urban Redevelopment: Mapping the Film Sector in Lagos. The research team consists of Prof. Emevwo Biakolo, Dr. Ikechukwu Obiaya, and two master’s students: Ifedayo Adeleye and Adeyomi Adelodun. The Centenary Project The Centenary Project is an initiative aimed at digitally archiving various aspects of Nigeria’s creative and cultural history and visually showcasing them to a large audience through digital media platforms. Its focus areas are film, art, music, photography, literature, fashion, politics and other fields of historical interest. Since September 2014, the project has collaborated with the Nigerian Integrity Film Awards (also known as HomeVida Award) on the archiving and promotion of films. The partnership is supported by Google. Activities carried out by the partnership are as follows: In March 2015, an event was organised for filmmakers, •which was themed around the importance of values in Nollywood. FCMVA was established primarily to document contemporary Nigerian art by creating a reliable database of artworks, by publishing books on them and by producing documentaries on artists and collections. NOTABLE GUESTS Dr. Tony Adah, Visiting professor from Minnesota State University Mrs. Peju Adebajo, CEO, Lafarge, Nigeria Ms. Kemi Adesoye, Screenwriter Mr. Kunle Afolayan, Actor and director Mr. Femi Ayeni, The founder and CEO of Ultima Studios Mr. Teco Benson, Film director and producer Mr. Fidelis Duker, Film producer • A scriptwriters’ competition was held from March to June 2015 based on the theme ‘The Internet and Nigeria’. The Dr. Felix Ibode, Visiting professor from the University of Ibadan aim of the contest was to promote the development of scripts that captured the positive values of the internet in the lives of Nigerians. Mr. Toke Ibru Acting Publisher/ED, Guardian Newspapers Ltd a training workshop for scriptwriters was •heldIn atJulythe2015, Pan-Atlantic University. It covered topics related Mr. Chris O. Nkwocha, CEO, Chartered Institute of Communicators to internet technology for creatives and the basics of scriptwriting. There were 30 persons in attendance. Mr. Ramsey Nouah, Actor The Project is headed by Dr. Patrick Enaholo. Dr. Willie Obiano, Governor of Anambra State HIDDEN TREASURES SERIES SMC in collaboration with the Foundation for Contemporary & Modern Visual Arts (FCMVA) is producing a documentary series titled ‘Hidden Treasures’. The series, “Hidden Treasures”, is a vehicle by which the public can get to see the many wonderful artworks hidden in private collections. So far, two editions of the series have been produced. The first is a 30 minutes documentary on the works of Kolade Oshinowo while the second is another 30 minutes documentary on the works of Yusuf Grillo. Annual Report 2014/15 Mr. Ikechi Odigbo, CEO, DDB Lagos Prince Yemisi Shyllon, Renowned philanthropist and art-collector Mrs. Joke Silva, Actress and Director 28 ENTERPRISE DEVELOPMENT CENTRE (EDC) EDC provides training and support for over 400 new entrepreneurs annually ENTERPRISE DEVELOPMENT CENTRE (EDC) PHYSICAL DEVELOPMENT The EDC building which is located within the Ajah campus was commissioned on January 29, 2015. Dr. Olusegun Aganga, Honourable Minister for Industry, Trade and Investment (at the time) was the Guest of Honour. Also gracing the occasion were Mr. Uzoma Dozie, M.D., Diamond Bank Plc; Mr. Adeola Adetunji, M.D., Coca-Cola Nigeria; Mr. Rasheed Olaoluwa, M.D., Bank of Industry (BOI); Mr. Alistair Soyode, Chairman of Ben TV, UK; Mr. Anthony Okpanachi, D.M.D., Ecobank Nigeria Limited and other distinguished stakeholders in the SME sector. PERSONNEL 2 new support staff were hired in EDC during the year. Currently the centre has a team of 17 staff both in its Lagos and Abuja offices. honours and recognition to staff Mr. Peter Bamkole served as a member of the National Micro, Small and Medium Enterprises (MSME) Council where he chaired the sub-committee on Access to Market. 29 Mr. Peter Bamkole also served as an advisory member of the committee on Youth Economic Opportunities (YEO) at the MasterCard Foundation during the period under review. STAFF DEVELOPMENT ACTIVITIES Nneka Okekearu is currently pursuing her PhD in Entrepreneurship at the University of Bradford, UK. Olawale Anifowose is enrolled in a doctorate in business administration programme at Swiss Management Centre University, Switzerland. His specialisation is in entrepreneurship. Chinazo Okoye is enrolled in the M.Sc. in media and communication programme at the School of Media and Communication, Pan-Atlantic University. Nkem Dosekun is currently participating in the Senior Manager Programme at Lagos Business School. Obianuju Okafor is currently participating in the Senior Manager Programme at the Lagos Business School. Annual Report 2014/15 ENTERPRISE DEVELOPMENT CENTRE (EDC) MAJOR CONFERENCES ATTENDED BY EDC PERSONNEL • 6th Global Entrepreneurship Summit (GES) from July 24 to 26, 2015 in Kenya • 9th World Chambers Congress from 10th to 12th of June 2015 in Turin, Italy • International Enterprise Educators Conference (IEEC) in September 2014 at Newcastle, UK • • Global Entrepreneurship Congress (GEC) from 16 to 19 March, 2015 at the Milano Congressi, Piazzale Carlo Magno, Milan, Italy Aspen Network of Development Entrepreneurs (ANDE) 6th Annual conference in October 2014, at Glencove, New York INFORMATION ON EDC SERVICES Beyond classroom-based capacity building, EDC’s strength also lies in its out-of-class services better known as WrapAround Services. Apart from the regular advisory and mentoring services, EDC focuses on the under listed services: Expert-In-Residence (Eir) Sessions These are business clinics where SMEs are able to consult with experts from different areas of business management on specific challenges they face in the process of managing their enterprises. In the past school year, six EIR sessions were held with an average of 30 EDC members in attendance at each session. Network Meetings PROGRAMMES Because of the usefulness of continuous education and networking, EDC organizes a series of network meetings for its members. In the last session, 12 network meetings were organised with a combined attendance of over 2,700 (two thousand, seven hundred) entrepreneurs. NEW PROGRAMMES Sme Toolkit Nigeria Ecobank New Venture Initiative (ENVI!) EDC is now partnering with Ecobank to offer a number of projects to increase business and funding opportunities for SMEs. One of such projects is the Ecobank New Venture Initiative (ENVI!). The founders of five new ventures with the highest potential for growth were selected as ‘ENVI Fellows’ for one year. During this period, these fellows joined the EDC’s CEM programme and were provided office space at EDC for business acceleration. In addition, these 5 entrepreneurs were provided access to EDC’s network of experts for business consultation. WomenX EDC in partnership with the World Bank successfully deployed a pilot run of the WomenX Scholarship programme. The WomenX programme is aimed at providing practical business education to female entrepreneurs. It consists of 17 modules, delivered in 28 days (in-class and online) spread over 5 months followed by a 6 month period of faceto-face and online mentoring. The programme also aims to help them strengthen their networks and create linkages to access finance. The WomenX programme started in September, 2014 and a total of 149 scholars have been trained since 2014. Over a 3 year period, a total number of 500 female entrepreneurs will be awarded this scholarship in Nigeria. Annual Report 2014/15 The SME Toolkit Nigeria is a web-based tool that has been developed by the International Finance Corporation (IFC) – the private arm of the World Bank. It offers software, business forms, training and more to help small businesses in Nigeria grow and succeed. EDC is the Country Partner for the SME Toolkit Nigeria. Objectives of the SME Toolkit include: • Provision of business information, tools and articles that could be relevant in helping SMEs improve their businesses. • Localization of content and business materials provided on the site. • Currently, there are over 40,000 registered users on the toolkit (4% more than last year). OTHER MAJOR ACTIVITIES Global Entrepreneurship Week (GEW) 2014 From the 17th to the 23rd of November 2014, the Global Entrepreneurship Week (GEW) brought together over 2 million people across the six geo-political zones in Nigeria to celebrate innovation and creativity. GEW Nigeria kicked off on the 15th of November, 2014 with a ‘Walk for Entrepreneurship’ in Lagos, Abuja and Calabar. A total number of 536 people participated in the 30 ENTERPRISE DEVELOPMENT CENTRE (EDC) SUMMARY OF PARTICIPATION IN PROGRAMMES S/N PROGRAMMES № OF PARTICIPANTS 1 Certificate in Entrepreneurial Management (CEM 30) 25 2 Certificate in Entrepreneurial Management (CEM 32) 44 3 Certificate in Entrepreneurial Management (CEM 33) 34 4 WomenX/ CEM A10 31 5 WomenX/ CEM A11 34 6 WB-CEM 1 44 7 WB-CEM 2 49 8 Essential Management Skills (EMS) Lagos 23 9 Essential Management Skills (EMS) Port Harcourt 25 10 Social Sector Management (SSM 5) 31 11 Sales and Marketing Refresher Course 20 12 Microsoft Enterprise Bootcamp 12 13 Ecobank SME Project 94 TOTAL 466 Over 700 participants attended the “Youth Entrepreneurship Dialogue” 31 Annual Report 2014/15 ENTERPRISE DEVELOPMENT CENTRE (EDC) walk. Altogether, GEW 2014 had about 52 activities planned by EDC and 15 local partners across the six geo-political zones of Nigeria. This weeklong festival of entrepreneurship covered the length and breadth of Nigeria, giving literally everyone the chance to get involved. From global hangouts to local workshops, from radio programmes to one on one advice, GEW had something for everyone! Visit http:// ng.gew.co/ for the full report and pictures of the GEW 2014 events. Timeline Of Activities 17th - On the 17th, a workshop entitled “Building an Effective Work Place” was held at the Lagos Resource Centre. The focus was on recruitment, remuneration and retention of human resources for small and growing businesses. 73 participants attended this event. 18th - On the 18th, two events – ‘Agro Ignite’ and ‘Youth Entrepreneurship Dialogue’ were held in Ibadan and Lagos respectively. The Agro-Ignite event focused on ways to maximize profit in the sector with focus on access to funds and access to markets. 132 participants were in attendance at this event. The objective of the Youth Entrepreneurship Dialogue which had over 700 youths in attendance was to motivate the youths to think about entrepreneurship as a first choice other than an alternative to unemployment. 19th - On the 19th, a global event tagged ‘Women Entrepreneurship Day’ held in Lagos with focus on information as a tool for business success. Another event – ‘Enterprise Day’ held in Abuja on the same day and provided insights on innovative ways of funding businesses and accessing the markets. A total of 366 people participated at both events 20th - A ‘Market Access Nigeria’ (MAN) event held in Lagos on the 20th of November. MAN events aim to create linkages between Small and Growing Businesses (SGBs), and large organizations in Nigeria. The day’s focus was on easy access to finance for SGBs. About 200 people took part in the event 21st - On the 21st, the ‘Tech Fair’ held at EDC, Ajah. Its purpose was to emphasize the importance of technology as an enabler for business growth. This event had over 85 people in attendance. Through the Week - Part of the GEW 2014 activities was the 7 days of GEW on radio (November 17-23) where specific issues bordering on different spheres of entrepreneurship were discussed. An estimated 2 million people listened to the programme over the 7 days. To conclude the GEW 2014 activities, there was a celebration on the 5th of December, 2014 at Havilah House of Events, Victoria Island, Lagos. Annual Report 2014/15 GEW is an initiative of the Kauffman Foundation and is supported by Dell. It is the world’s largest celebration of selfstarters and innovators and 145 countries participated in GEW 2014. EDC is the host of GEW in Nigeria with Diamond Bank and Etisalat Nigeria as national partners. Launch Of The Msme Banking Study The premier edition of the MSME Banking Study entitled ‘Strengthening access to finance for MSMEs in Nigeria’ was launched on Monday, 24th November, 2014 in Abuja. This study is a collaborative effort of EDC, Pan-Atlantic University and KPMG Nigeria. It is an in-depth study and employed both the survey and focus group research methods on over 3,000 stakeholders including entrepreneurs, financial institutions and government officials across the six geopolitical zones of Nigeria. The study is geared towards investigating the critical challenges faced by the MSME sector, the factors limiting key stakeholders from supporting the segment and government’s initiatives to develop this critical sector. From the study, First Bank of Nigeria Plc ranked the highest as the most popular bank amongst MSMEs with regards to deposit, credit and loan transactions. Kindly click on the link to download the full report http:// edc.edu.ng/downloads/reports/MSME%20Banking%20 Study%202014.pdf EDC ANNUAL SME CONFERENCE The 8th EDC Annual SME Conference co-sponsored by Heritage Bank, was held at Oriental Hotel, Lagos on the 18th of September, 2014. The theme of the conference was “Beyond Borders – Using Technology to Access the Market”. EDC brought together over 250 entrepreneurs from across the country to learn from and share experiences with accomplished entrepreneurs and industry experts on issues such as how to access the market using technology, key strategies to business growth, opportunities and risks involved in doing business online, and benefits of e-commerce amongst others. The keynote speaker Mr. Adebiyi Mabadeje (Commissioner for Science and Technology, Lagos State, at the time), set the tone for the discussions by highlighting benefits and opportunities in using technology as a tool for business operations. Leading technology experts who constituted the various plenary sessions at the conference included Mr. Folashodun Shonubi (Managing Director, NIBSS); Mr. Emezino Afiegbe (Business Development Manager, Visa West Africa); Mr. Jude Anele (Group Head, Marketing Support, Diamond Bank Plc); Ms. Jola Aderemi-Makinde (Google Nigeria); 32 ENTERPRISE DEVELOPMENT CENTRE (EDC) Over 2,700 participants attended network meetings organised for EDC alumni in the past year Ms. Honey Ogundeyin (Founder, fashpa.com); Mr. Tunde Kehinde (Founder, ACE); Mrs. Fatumata Soukouna (CEO, SSL Ltd); Mr. Bayo Ogunnusi (Group Head, SME Development Division, Heritage Bank); Mrs. Tito Adeniyi-Aderoju (Group Head, Business Enterprises and SMEs, Interswitch); Mr. Perez Tigidam (CEO, Arden and Newton BMC); Mr. Dipo Olagbegi (Founder, Delphi Technologies) and Mr. Abasiama Idarasit (MD, Wide Fusion). Other participating CEOs were Ms. Funke Opeke (Founder/ CEO, Main One Cable Company Ltd) and Mr. Adetokunbo Ogundeyin (Managing Director, Olakleen Nigeria Ltd). The panel discussions ranged from optimizing new technologies for business growth to online payment systems and associated challenges, constraints to market access, how to transform myths linked with e-world to reality for competitiveness and so on. Discussions at the 8th EDC SME Annual Conference exposed the delegates to modern ways of accessing the market for businesses growth. The central goal of Market Access Nigeria (MAN) is to facilitate market access for Small and Growing Businesses by keying them into the value chain of large organizations. Some of the objectives of Market Access include: Creating market access for credible Small and Growing Businesses (SGBs) operating in Nigeria. • • To bridge the gap between large companies and Small and Growing Businesses (SGBs) while fostering networking and partnership opportunities. • To enable local content development and participation in various sectors of the Nigerian economy. • To create a platform for structured networking among SGBs On April 29, 2015, Market Access Nigeria (MAN), held for the fourth time in Port Harcourt. The MAN events for Abuja and Lagos come up in October, 2015. MARKET ACCESS NIGERIA (MAN) Market Access Nigeria is an initiative of the Enterprise Development Centre and Etisalat Nigeria in collaboration with the Federal Ministry of Trade & Investment and the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN). It was launched in Abuja in 2012. The climax of the MAN is the speed networking event. During this period, participants are expected to meet and interact with at least one new participant after every three minutes. INTERNATIONAL WOMEN’S DAY CELEBRATION Enterprise Development Centre (EDC) of the Pan-Atlantic 33 Annual Report 2014/15 ENTERPRISE DEVELOPMENT CENTRE (EDC) Women Entrepreneurship Day (WED) ambassadors flanked by EDC staff University organized four events to commemorate the International Women’s Day (IWD) on the 8th of March 2015 in Lagos, Abuja, and Ibadan. The two Lagos events held at EDC, Ajah. The venues for Abuja and Ibadan IWD events were 4 Oguda Close, Maitama, FCT and Jazz by Chrysalis, Ring Road, Ibadan respectively. Issues bordering on self-discovery and development, leadership, creativity, work-life balance, finance management and so on were addressed during the events. These engagements helped EDC in reaching out to individuals and corporate organisations in line with its mission to build entrepreneurial leaders through commitment to continuous learning and business improvement. Enterprise Stories is a phone-in programme aired on Inspiration 92.3 FM every Tuesday at 3.00pm. It is also available at www.edcradioonline.com where a repeat broadcast is scheduled every Friday, at 3.00pm. • Some of the speakers included Mrs. Aisha Ahmad (Head of Retail, Diamond Bank Plc), Mrs. Audrey Ezigbo (Co-founder & E.D. Falcon Corp.), Mrs. Mary Akpobome (E.D. Ivory Banking, Heritage Bank) and Mrs. Yewande Zaccheaus (CEO, Eventful Nigeria Ltd). • Heritage Bank entered into a sponsorship agreement with EDC on the ‘Enterprise Stories’ programme. Enterprise Stories is a weekly 30-minute live radio programme produced by EDC. It shares real life success stories of entrepreneurs which are analyzed Annual Report 2014/15 EDC recently entered into a sponsorship agreement with First Bank of Nigeria for the production of ‘Economy and You’, a weekly phone-in radio programme on Rhythm 93.7FM. Economy and You by EDC, analyses the economy so that small businesses can understand it better. It looks at the economy from various perspectives – government, private sector and everyone affected by it. Economy and You comes up every Sunday at 6.15pm on Rhythm 93.7FM with a repeat broadcast on the EDC online radio – www.edcradioonline.com every Thursday, at 3.00pm. The events left the participants re-energized to create, nurture and transform their worlds for a greater future. FORMAL LINKAGES by experts. By analyzing the stories, the experts help to bring out the critical success decisions made by the entrepreneurs, which form learning points for the listeners. • Diamond Bank Nigeria Plc recently signed a threeyear partnership deal with EDC as the official national partner of Global Entrepreneurship Week (GEW). GEW, an initiative of the Kauffman Foundation and supported by Dell, is the world’s largest celebration of 34 ENTERPRISE DEVELOPMENT CENTRE (EDC) One way EDC fulfils its commitment to providing continuous education for its members is through alumni sessions self-starters and innovators. Enterprise Development Centre (EDC) is the host of GEW in Nigeria. • As part of its promise to assist SMEs in accessing funds, EDC entered a partnership arrangement with the Lagos Angel Network (LAN) to provide entrepreneurs with alternative sources of funds. As part of the arrangement, EDC recommends businesses that require funding for growth or expansion within its network to LAN. Upon receipt of their business plans, LAN invites these entrepreneurs to pitch before a panel of investors. At the end of the pitching session, due diligence is carried out on the successful entrepreneurs before LAN invests in their respective businesses. 35 • EDC recently entered into partnership with the Cherie Blair Foundation for Women (CBFW) to implement the ‘Road to Growth (R2G)’ project. R2G aims at using latest developments in technology to build the business skills of women entrepreneurs, enhance their access to markets and financial services, as well as grow profitable and sustainable businesses for long-term economic independence. The R2G effort is led by the Cherie Blair Foundation for Women in collaboration with ExxonMobil Foundation, Enterprise Development Centre (EDC) as implementing partner in Nigeria and financial institutions. The Road to Growth Project has begun with a Local Needs Assessment carried out by EDC in collaboration with CBFW. The capacity building component of the project will kick off in 2016. Annual Report 2014/15 ENTERPRISE DEVELOPMENT CENTRE (EDC) (L-R) Mr. Peter Bankole, Dr. Olusegun Aganga and Prof. Juan Manuel Elegido at the commissioning of the EDC building NOTABLE GUESTS Mr. Adeola Adetunji MD, Coca-Cola Nigeria Mr. Adetokunbo Ogundeyin MD, Olakleen Nigeria Ltd Dr. Olusegun Aganga Minister for Industry, Trade and Investment (at the time) Mr. Anthony Okpanachi DMD, Ecobank Plc Mr. Kofi-Boateng Agyen Snr. PSD Specialist, Trade and Competitiveness, World Bank, Senegal Mr. Rasheed Olaoluwa MD, Bank of Industry (BOI) Mr. Victor Olaotan Theatre Veteran and Brand Expert Mr. Jibril Aku MD, Ecobank Nigeria Ms. Funke Opeke Founder/ CEO, Main One Cable Company Ltd Mr. Uzoma Dozie MD, Diamond Bank Plc Mr. Adebiyi Mabadeje Commissioner for Science and Technology, Lagos State (at the time) Mr. Folashodun Shonubi MD, NIBSS Mr. Alistair Soyode Chairman, Ben TV, UK Alhaji Bature Umar Masari DG, SMEDAN Annual Report 2014/15 36 Main Campus: Km 52, Lekki-Epe Expressway, Ibeju Lekki, P. O. Box 73688, Victoria Island, Lagos, Nigeria. Tel: +234 (1) 2711617 – 20, 4616170 – 2 Ajah Campus: Km 22, Lekki-Epe Expressway, Ajah, P. O. Box 73688, Victoria Island, Lagos Tel: +234 (1) 9503729-32; 7740280; 8991449 w w w. p a u . e d u . n g
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