Martin Ike-Muonso writes:
Since independence, Lagos metropolitan city has positioned itself as a land discharging far greater entrepreneurial opportunities than other lands in the country. Abuja and Rivers State, perhaps rank distant seconds because of the presence of government at the centre and oil resource management enterprises respectively. These ‘Lagos’ opportunities continue to swell because the entrepreneurial class in this commercial capital know how to sustain that leadership. On the average, it seems that unlike the entrepreneurs in other equally important commercial centres such as Onitsha, Nnewi, Aba, Kano and so on, their businesses on average are better corporately and professionally packaged. Skilfully packaging an enterprise opens it up to many prospects for long-term survival and growth. And when this occurs at a large scale as it is in places like Lagos and Portharcourt, you can only imagine the impact on the economy of that State and region. Therefore, it can be argued that professionalized management and professionalization of entrepreneurship is a key factor accounting for much of the differences in the financial fortunes, longevity, sustainability and outlook of most businesses in the South-east and South-south Nigeria in comparison to their counterparts in Lagos...[continue reading]