Awwal Ademola Blog

Babatunde Fowler is an economist, tax expert and administrator. He was the chairman of the Federal Inland Revenue Service (FIRS) and was the chairman of the Lagos State Board of Internal Revenue and the Chief Executive Officer of the Lagos Internal Revenue Service (LIRS). He's a graduate of Economics at the University of Wisconsin- Whitewater in the United States of America. He graduated in the year 1978. He had his second degree at the California State University, Los Angeles and also had his Masters in Business Administration (MBA), at the California State University, Dominguez Hills in 1981. He commenced his career in New York at Avon Products Inc. as a Marketing Intern serving under the Vice President of Africa. He was later employed by Johnson and Johnson in New Jersey, USA under the MBA International Development Program which lasted for one year. He was later transferred to the company's office in Nigeria between September 1982-1983. He joined the banki...

The existence of business activities in an economy is very important because of the following reasons: MICRO- ECONOMY: 1. Individual Household: Business activities play vital role in the life of an individual by serving as a means of  income generation in meeting household needs. An individual can be self employed or a salary earner in the business sector. If businesses don't exist, there won't be owners of Small and Medium Enterprises (SMEs), the unemployment rate will be very high. 2. Government: The existence of business activities creates the opportunity for income gener paid by business owners and their employees such as Company Income Tax, Personal Income Tax, and Petroleum Profits Tax. Also government also involve itself in business activities through nationalization, indigenization and creation of public enterprises with the purposes of welfare creation for the citizens and income generation. Up   3. Business Organizations: Business activities by the...

The big four accounting firms are the best places to start one's career, because of the impact they make on their employees and the reputation their employees do have outside the organizations. The big four accounting firms include: 1. Deloitte and Touche: It's an accounting firm that is present in over 100 countries in the world with the head office in London, United Kingdom. It specializes mainly in Auditing, Tax and Advisory Services.    2. Pricewaterhouse Coopers (PwC): It's the second biggest accounting firm in the world. It has offices in over 100 countries in the world including the head office in London, United Kingdom. It also specializes in Auditing, Tax and Advisory Services. 3. Ernest and Young: It's has similar characteristics with Deloitte, PwC, and KPMG when it comes to services and number of offices also having its headquarters in London, United Kingdom.            4. KPMG: It also has the same features which...

The following are the opportunities available at the education sector for the business oriented people: 1. Sales of textbooks for secondary and tertiary institutions, professional examinations etc. 2. Employment Agency which involves serving as an agent that helps educational institutions in recruiting staff that will be capable of making positive impact on students. This is possible in the situation whereby the institution whether college or tertiary institution is finding it difficult to recruit staff. 3. Uniform Merchant: Most primary and secondary schools have specific merchants who make school uniforms and sportwears for them. It's also a chance for someone who is very good and talented in fashion designing and branding. 4. Setting up tutorial lectures especially for students intending to write examinations like West African Examinations Council (WAEC), National Examination Council (NECO), University Tertiary Matriculation Examination(UTME), Post-UTME and professiona...

The aviation sector comprises of several job opportunities, due to the continuous demand for the air transport at all countries across the world. The Aviation Sector comprises of job opportunities as follow: 1. Flight Pilot: This is the major and popular job position in the industry. It requires several years of training and experience to fit into this position. People in this position are sometimes referred to as experts in Mathematics, Physics and Geography.     2. Flight Attendant: Holders of this position are majorly responsible for the welfarism and safety of the passengers inside the plane.           3. Airline Operations Agents: They are responsible for priortizing large number of projects. They are also responsible for receiving and transmitting information to and from pilots, crews and other air personnel. They also find solutions to certain situations such as overbooking of flights which seldomly occurs.   ...

Mrs Ibukun Awosika is a banker, entrepreneur, motivational speaker and a philantrphopist. She's also regarded as a role model to women in the society. She was born in Ibadan, the Oyo state capital on 24th December, 1962. She had her formal education at St. Paul African Church Primary School and Methodist Girls High School, Yaba, Lagos. Ibukun Awosika is a graduate of chemistry from University of Ife (Obafemi Awolowo University). She also bagged her MBA at the Lagos Business School. She started her career at Akintola Williams and Co. (a firm of chartered accountants) which is now Deloitte. She started her career there as a youth corps member. She later proceeded  to Alibert Nigeria Limited, a company that specializes in furniture. As a woman who shows interest in entrepreneurship, she started her business in 1989 which was Queenbees Limited before it was later merged into SOKOA Chair Centre Limited. Today, SOKOA Chair Centre Limited holds other companies like The C...

Godwin Emefiele is a seasoned and experienced banker and he's the current governor of the Central bank of Nigeria (CBN), a position he held since 2014 after been appointed by the former President of Nigeria, Dr. Goodluck Jonathan and he was also reappointed by President Muhammadu Buhari. He's the first in history to be appointed twice as the governor of CBN. He had served for over 18 years in the banking industry and before his appointment as the CBN governor, he served as the Chief Executive Officer (CEO) and Group Managing Director of Zenith Bank PLC. He had also served as the Deputy Managing Director, of the bank since 2001 before his appointment as the CEO of the bank. He was once the director of Zenith Bank both in Nigeria and Gambia. He also served as the Executive Director of Corporate Banking, Treasury, Financial Control and Strategic Planning at Zenith Bank PLC. He's a graduate of Finance at University of Nigeria, Nsukka and also holds his Masters in Busin...

The following are the business opportunities available in Dubai, a popular and megacity in United Arab Emirates (UAE): 1. Oil and Gas: This sector refers to as the mainstay of the city's economy and UAE as a whole. It has also attracted several investors, both within and outside the country. 2. Healthcare Services: UAE is a very good place for health professionals, due to the fact that, the Arabs, most especially in UAE show great concern towards their well being. 3. Financial Services: This include auditing, tax, business and risk advisory. This is because many companies exist in Dubai and this is a profit maximizing opportunity for finance experts, biok keepers and accountants. 4. Construction and Real Estate: This is an opportunity for architects quantity surveyors, civil engineers and builders. This is a result of the fact that, amazing structures and buildings are been designed and erected very well most especially in Dubai. 5. Environmental Sanitation: As a res...

The following are the basic facts and figures about the economy of the Federal Republic of Nigeria: 1. Nigeria is rated as the country with the highest population in Africa with a total number of 188.7 million people. 2. The Gross Domestic Product (GDP) amounts to a sum of $1.1trillion, with a per capita income of $5,929. 3. The current unemployment rate is 7%. 4. Nigeria's inflation rate is 16.5%. 5. The Foreign Direct Investment (FDI) inflow totals a figure of $3.5 billion. 6. Nigeria is rated as the 111th most freest nation and 14th among the Sub Saharan nation with an economic freedom score of 57.3%. 7. Over 60% of Nigerians are currently living in extreme poverty. 8. Nigeria's tax rate is as follows: a. Income Tax      24% b. Corporate Tax  30% c. Overall Tax Burden.5.2% 9. Over the past three years, Government Spendings had amounted to 10.8% of the country's GDP, Budget Deficit amounted to 4.4% of the GDP and Public Debt is 23.4%. 10....

           STATES                GDP PERCAPITA     1. Equitorial Guinea         $40,718.8  2. Seychelles                       $27,177.2  3. Mauritius                        $20,085.2  4. Gabon                              $20,081  5. Botswana                        $15,893.93  6. Algeria                             $14,717.3  7. South Africa                    $13,195.5  8. Tunisia                 ...

The richest states are measured in terms of the states' Gross Domestic Product (GDP) and the per capita income. The richest states in Nigeria are as follows:           STATES            GDP & PCI  1. Lagos                 $33.679 billion, $4,333. 2. Rivers                $21.073 billion, $3,965. 3. Delta                 $16.1749 billion,$3,990. 4. Oyo                     $16.121 billion $2,666. 5. Imo                     $14.212 billion $3,527. 6. Kano                   $12.393 billion $1,288. 7. Edo                     $11.888 billion $3,623. 8. Akwa Ibom     ...

Nigeria as a country needs to place serious concentration on certain sectors of her economy in order to improve it's growth and development in 2019. Any government who wins this forthcoming election should place more emphasis and focus on certain sectors aside the oil and gas sector like; 1. Agriculture: This had been the practice of majority of Nigerians, before the discovery of petroleum which caused a shift from agriculture to the oil industry.  Although the present government under the administration of President Muhammad Buhari has really improved the local food production especially rice. The importation of rice has reduced due to the focus of the government on food production in the country. It is also required of the government to also place its attention on other agricultural products like Cocoa, cotton, oil palm and other cash crops. This will also reduce the importation of these cash crops from other countries and also improve the country's GDP. The focus on...

Entrepreneurship is all about making an innovation or introducing something special and unique to other products or services offered to the society. The basic focus about entrepreneurship is problem solving. That is when people see problems, entrepreneurs see opportunities and that's why they are regarded as problem solvers. It's with the problem solving innovation or product that brings in profits for them and also gives them advantage over their competitors. Entrepreneurship is not limited to the business sector alone, even in the career world, entrepreneurial skills and abilities are needed because companies nowadays employ people with the hope that they will be able to solve their problems. And they will be able to make new innovation that will boost their success, growth and development. And that's why entrepreneurship in this sense is all about exceptionality. Some human resource managers are fond of asking their job applicants "what makes you exceptional?...