LBS takes foreign participants on tour of Lagos to explore commercial ventures

LAGOS Business School in partnership with Duke Corporate Education (South Africa) hosted an International Executive Development Programme (IEDP) for the Banking Sector Education and Training Authority (BANKSETA), South Africa.

The five-day programme brought together high potential leaders from the investment-banking sector in South Africa and immersed them into the best practices of the Nigerian economy, culture and environment.

Senior lecturer, Strategy, Finance and Risk Management, LBS, Franklin Ngwu, said that it was necessary for the participants to explore Lagos, the commercial capital of Nigeria.

“The trip was to aid the South African Investment bankers to understudy the Nigerian financial sector and see areas of investment opportunity and collaboration with the two countries. We exposed our participants to both the formal and informal aspects of the Nigerian economy, and we foresee possible cooperation between the two countries,” Ngwu stated.

On the first day, participants visited three places to give them a real taste of the Lagos lifestyle including Balogun Business Market, Computer Village at Ikeja and the Nike Art Gallery in Lekki.

Computer Village, which is described as West Africa’s big gest gadget market where items relating to Information and Communications Technology (ICT) accessories can be found, is one of the most popular places in Nigeria.

The participants visited SLOT Nigeria and the Nike Art Gallery. BANKSETA is an enabler of skills development and transformation in the broader banking and microfinance sector. It supports people development through partnerships, skills development, unemployment alleviation, creation of brighter future and enabling change in South Africa.

The participants were encouraged to be global thinkers, but have a deep understanding of the local challenges and how it can be tackled.