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Home Companies Corporate Updates

GDL organizes conference on building transgenerational businesses for business sector players

NM Partners by NM Partners
September 19, 2018
in Corporate Updates
L-R: Mr. Opeyemi Agbaje, CEO, RTC Advisory; Dr. Fidelis Ayebae, CEO, Fidson Healthcare Plc; Mr. Kola Ayeye, CEO, GDL; Dr. (Mrs.) Nadu Denloye, Chairman, GDL; Mr. Oye-Hassan Odukale, MD/CEO, Leadway Assurance Company Limited; Mr. Simon Aranonu, Executive Director, Bank of Industry; and Mr. Adedotun Sulaiman, Executive Chairman, Arian Capital Limited at the GDL business conference in Lagos last Wednesday.

L-R: Mr. Opeyemi Agbaje, CEO, RTC Advisory; Dr. Fidelis Ayebae, CEO, Fidson Healthcare Plc; Mr. Kola Ayeye, CEO, GDL; Dr. (Mrs.) Nadu Denloye, Chairman, GDL; Mr. Oye-Hassan Odukale, MD/CEO, Leadway Assurance Company Limited; Mr. Simon Aranonu, Executive Director, Bank of Industry; and Mr. Adedotun Sulaiman, Executive Chairman, Arian Capital Limited at the GDL business conference in Lagos last Wednesday.

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Growth and Development Limited (GDL), a financial services group committed to creating wealth and transforming society took their efforts into generating value for the Nigerian middle class a step further by organizing a conference aimed at addressing the issues that result in the untimely death of companies in Nigeria.

In the maiden edition of its Business Conference tagged ‘Building Transgenerational Businesses’ held at The Civic Center, Lagos, attended by numerous industry practitioners and professionals across different sectors, the company identified a number of factors responsible for the high failure rate of businesses as well as the almost non-existence of transgenerational businesses in the country.

building transgenerational businesses
building transgenerational businesses

In her opening remarks, the Chairman, GDL, Dr. (Mrs.) Nadu Denloye noted that “in Nigeria, it is doubtful if there are more than a dozen indigenously founded companies which have transcended three generations.”

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In addition, she mentioned that transgenerational corporations are crucial for economic growth, prosperity, and for building a resilient middle class.

building transgenerational businesses
building transgenerational businesses

In his keynote address, Mr. Simon Aranonu, Executive Director, Bank of Industry, who represented Mr. Olukayode Pitan, MD, Bank of Industry, stressed that transgenerational institutions will contribute in pointing the economy in an upward trajectory. He further noted that the Bank of Industry will continue to work with GDL in identifying and nurturing institutions which are clearly on the trajectory to becoming national champions and transgenerational businesses.

The conference featured business giants, Fidson Healthcare Plc. and Leadway Assurance Company Limited which have proven themselves as worthy examples of transgenerational enterprises in the Nigerian space.

building transgenerational businesses
building transgenerational businesses

Mr. Kola Ayeye, CEO GDL, in his presentation on ‘The Power of Getting Paid by the Market’, underscored the need for founders to seek alternative ways of getting compensation for years of hard work invested in their organizations without compromising the viability of the business by taking out money from the operational cashflows.

The distinguished panelists, Mr. Adedotun Sulaiman, Mr. Simon Aranonu, Mr. Oye-Hassan Odukale, Dr. (Mrs.) Nadu Denloye, Dr. Fidelis Ayebae, Mr. Opeyemi Agbaje (moderator) and Mr. Kola Ayeye shared their experiences and emphasized the importance of honesty, integrity, institutionalization, and sound corporate governance as key factors for building transgenerational businesses.

Other distinguished guests that attended the conference include Mr. Remi Babalola, former Minister for State for Finance and Mr. Tunde Lemo, former Deputy Governor of the Central Bank of Nigeria.

building transgenerational businesses
building transgenerational businesses

GDL which has interests in asset management, finance, securities trading and financial advisory recently offered for subscription 100,000,000 units at N10 per unit in its N1 Billion Money Market Fund. The Fund which opened on August 15, 2018 is expected to close on September 21, 2018.


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NM Partners

"NM Partners" encompasses a diverse range of articles and content published on behalf of various organizations, including corporate entities, government and non-governmental institutions, academic bodies, and key stakeholders in the economic sphere. This content spectrum covers press releases, formal announcements, specialized content, product promotions, and a variety of corporate communications tailored to engage our readership. Notably, a portion of these articles are sponsored content. At Nairametrics, while we provide a platform for these diverse voices, it is important to clarify that our relationship with the content under "NM Partners" does not imply endorsement or affiliation. The responsibility for the content accuracy and viewpoints expressed rests solely with the respective contributors. Nairametrics maintains a firm commitment to editorial independence and integrity. Consequently, we do not assume responsibility for any of the content published under "NM Partners." For any inquiries, comments, or feedback regarding the content featured in this section, we encourage open communication and can be reached at info@nairametrics.com. Additionally, we invite our readers and contributors to familiarize themselves with our Paid Post Guidelines, which outline the standards and processes governing paid content on our platform.

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