Peter Osalor

20 Reasons Why Business Fail

To ensure sustained growth in every economy, small businesses play a vital role and a high rate of failure consequently leads to an adverse effect on the economy, particularly developing economies with a limitation of capital. This is exactly what is happ... Read >

Entrepreneurial Interdependence and Enterprise Revolution in Nigeria

There is bad news for oil exporters to the United States. Earlier in September 2009, the administration of President Barack Obama indicated its readiness to lower US overdependence on oil as part of efforts to cut down on emissions and develop a clean-ene... Read >

The Mindset of an Entrepreneur

The need for Africans to pull themselves out of grinding poverty is an urgent task that has to be looked into by the authorities who have the adequate machinery. The most appropriate way to deal with this is to instill a culture of entrepreneurship in t... Read >

Nigeria’s Oil Imbroglio and the Case against Imports

Africa’s largest oil producer suffered one of its worst fuel shortages earlier this year when a supply interruption caused chaos and disruption across its cities. The situation was the outcome of oil marketers embarking on a months-long suspension of im... Read >

Venture Capitalism and Enterprise Revolution in Nigeria

The African Capital Alliance (ACA), a private equity fund manager in western Africa, announced the raising of $200 million from investors in July last year. The third installment of the Capital Alliance Private Equity (CAPE) fund will target important s... Read >

Youth Crime Reduction Through Enterprise Development

In 2008 alone, the country lost $20.7 billion in oil profits due to militant violence in the oil-rich but volatile Niger Delta region. A Presidential Technical Committee report to the Nigerian government attributed the fiscal loss to armed militant acti... Read >

IGR and Formalising the Informal Economy in Nigeria

Nigeria has had a tumultuous history, marked by decades of virulent political and civilian strife since its independence in 1960. The oil boom of the '70s brought windfall profits to the emerging state, but corruption and gross mismanagement blighted ec... Read >

The Informal Economy and Entrepreneurial Development

In September 2008, the prominent Vanguard newspaper published an interview with a senior labor department bureaucrat who admitted that 90% of new jobs in the country were being accounted for by the informal sector1. Quoting an unnamed survey, the offici... Read >

Developing Entrepreneurial Spirit in Nigeria

Africa's second largest economy is a bundle of extreme contradictions; with billions of dollars in annual oil revenue on one end and pervasive poverty for most of its 148 million people on the other. Relative political stability since 1999 has delivered... Read >

Key Lessons From History and the Way Forward For Nigeria

Early in June this year, the Nigerian government reassumed control of the once divested state-run telecom giant NITEL, blaming unpaid debts and investment shortfalls. Abuja had sold off a 51% stake in this national asset during former president OJ Obsan... Read >

MDG and 2020 Goals - Nigeria's Hidden Potential

This is an excerpt of UNDP comments on Nigeria on the progress of its Millennium Development Goals following a 2006 status report. Of the eight goals, UNDP foresaw only the achievement of universal primary education, environmental sustainability and glo... Read >

Seven Ways to Empower Women Into Business Enterprises

In 2008, the United Nations Population Fund (UNFPA) reported that 52,000 Nigerian women were dying annually due to pregnancy and child-birth related complications. In more comprehensible terms, the number translates to 145 women per day. Population i... Read >

Entrepreneurship and MSME - The Engine For Economic Growth and Wealth Creation

With a population of 148 million and the second largest economy in the continent after South Africa, the state of Nigeria's economy is a bundle of extreme contradictions. The US sources 10% of its crude imports from abundant oil fields in the Niger Delt... Read >

Business Enterprise - The Key to Change in Nigeria

Nigeria currently stands 41st in international GDP rankings, according to the IMF World Economic Outlook Database - its largely oil-driven economy pegged at $165 billion. This marks a fourfold increase over ten years from just $36 billion in 19971. Prog... Read >

Nigerian Infrastructure Development and the Enterprise Revolution - An African Perspective

The general state of infrastructure across the African continent and especially sub-Saharan Africa is acutely discomfiting. With the exception of South Africa, the continent's largest economy, the entire region is bogged down by severe infrastructure de... Read >