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COVID-19 will redirect business operators – Esimone



VICE Chancellor Nnamdi Azikiwe University, Awka, Prof. Charles Esimone has said that effect of COVID-19 pandemic on businesses, including large, medium or small scale enterprises, adding that meetings like the colloquium will redirect the minds of business owners on how to get it right.

  Esimone expressed the view in a speech he delivered while declaring open the 2020 Virtual Colloquium on COVID-19 which was organised by UNIZIK Business School colloquium.

  The Colloquium which has ‘Sustainability of Livelihoods and Businesses in Developing Economies’ as its theme had discussants and participants from different parts of the country and from the diaspora forming part of the colloquium.

  Also speaking, Director UNIZIK Business School, Prof. A U Nonyelu advised that small scale businesses and other entrepreneurs should be given holiday in payment of taxes and levies to enable them bounce back.

  According to him, all businesses promote livelihood and should attract incentives at any critical time.

  In his own presentation, chairman of the colloquium and lecturer at Chukwuemeka Odumegwu Ojukwu University, Prof. Elis Idemobi explained that UNIZIK Business School has never failed in its duties of providing solution to challenges facing business environment in the state and Nigeria.

  Lead discussant, Prof. Sunny Nwankwo who said that the greatest obstacle to business growth is enabling environment, added that COVID -19 is market creator,   such that every business should adapt to the changes in business as created by the pandemic, even as he highlighted various dimensions that should be adopted to make a positive change in hitherto failed businesses.

  Another discussant, Dr Ifeanyi Okoye said though businesses have suffered serious challenges necessitated by COVID-19, both the people and businesses must survive especially now that development partners are no longer showing interest in a country where better part of materials are sourced from overseas, charging the government to create an avenue for materials to be manufactured in Nigeria for the country’s economy to be stable.

  In their separate presentations, other discussants including Dr. Okey Ikechukwu, Ugochi Akwuiwu -Onyiuke, and Florence Igboayaka noted that the World bank envisaged that about five million people will be rendered poor by coronavirus pandemic.

  Therefore, they called on entrepreneurs to seek out-of-the-box solutions to boost their businesses and leverage on the cyber space such as virtual meeting to advertise their products and watch them grow in due time. They also recommended synergy between government, private and public sectors in order to get out of the tough situation.

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