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Philips Consulting CEO’s Report exposes real estate industry’s worst fears

Published

4 years ago

August 26, 2020

Sahara Weekly

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About 84 per cent of chief executive officers in Nigeria have agreed that the real estate industry in Nigeria is plagued due to the pandemic, especially, companies in the business of office rentals. This revelation is contained in the recently published CEO Report, a Philips Consulting initiative for 100 Nigerian business leaders.

The pcl. CEO Report further stated that 83percent and 55 percent of CEOs have adopted a ‘Work From Home Strategy’ and ‘Standby Model Strategy’ respectively, and are beginning to question the need for large office spaces.

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“Only 46 per cent CEOs are considering retaining their current offices, while others will seek smaller and cheaper offices, shared offices, or adopt an entirely virtual working model,” added the Report.

In commercial cities like Lagos where massive high-rise office complexes are commonplace, real estate players must be ready for a shift in demand. They might be forced to repurpose their buildings or provide new services to suit the new mode of work, the Report recommended.

The pcl. survey that recently engaged 100 Nigeria business leaders on the current economic landscape and presented the insights in its “CEO Report” said, “One word that best describes today’s business environment is “uncertain”. The ‘new normal’ occasioned by the effects of the Coronavirus pandemic is gradually fading away and being replaced by what is termed the ‘next normal’.

Amidst the frenzy of realigning strategies to better position businesses for recovery after the pandemic, the Philips Consulting’s CEO, Rob Taiwo mentioned that “We have been hit with the harsh reality that the Coronavirus might be here to stay. There is no going back to normal; instead, we have a next normal that is unpredictable.”

He said, the conversation to be had now is how to prepare for a future full of unknowns.

Speaking on which industries benefit from the crisis, Taiwo, a transformational leader said, “Globally, the IT sector experienced a surge in the wake of the pandemic, as a result of the shift to remote working. This resulted in a heavy reliance (or dependence) on IT products for both personal and business purposes.

Nigeria is no exception, he stated, “From our survey, 86 per cent of CEOs reported that the pandemic led to them improving the IT infrastructure of their organizations. Our respondents predict that Nigeria’s healthcare, agribusiness, and manufacturing industries stand to benefit from the next normal.”

“They expect the professional services industry to experience comparatively minimal disruption. This is primarily due to their vast array of services, relatively low operational expense, lean and agile business model, and legacy clients.”

On the levels of preparedness for the pandemic, the Report said, only 6 per cent of CEOs reported that their organizations were prepared for the pandemic. Hence, it comes as no surprise that 55 per cent of Nigerian businesses are currently operating below 50 per cent of their operating capacity.

The 6 per cent mentioned above stated a strong leadership team as the most critical factor of their preparedness. Other important factors include having a robust business continuity plan, government support, and a well-articulated business strategy.

On forging ahead into the next normal, the CEOs Report revealed that 57 per cent of CEOs expect that the earliest possible time for the business environment in Nigeria to normalize will be August 2021.

CEOs are increasingly taking responsibility for their companies, and are not necessarily looking up to the government for solutions to the problems occasioned by the pandemic. As against the 79 per cent of CEOs that voted in the 2019 general elections, only 67 per cent of CEOs reported that the pandemic would make them more interested in the outcome of the 2023 election.

Taiwo said, “Results from our survey showed that the Nigerian government and business leaders should pay close attention to the post-COVID19 policies and strategies of the United Kingdom, China, and the United States of America as these will have the most profound impact on the Nigerian business environment.

“At pcl., we are committed to working with our clients and partners to build and develop people’s capabilities, technology systems and processes, effective and robust strategies, and business continuity plans. Let us work with you to future proof your business in the next normal.”

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celebrity radar - gossips

Saturday Faaji : The Much Anticipated Neon Night With Osupa Saheed Is Here

Published

4 hours ago

May 15, 2024

Sahara Weekly

Saturday Faaji : The Much Anticipated Neon Night With Osupa Saheed Is Here

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For some time now, the teeming fans of the undisputed King of Fuji Music, Saheed Osupa have been longing to see him back on stage on home soil due to his long absence oversee on tour.
Now, the much anticipated show, Neon Night with Osupa Saheed is here, the date is Saturday 18th May 2024, at prestigious RM Hall Magodo, Lagos.

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Saheed Osupa would be thrilling his fans live on stage this time in another dimension, as all necessary things have been taken care of, including maximum security for this much anticipated event.

In the uniqueness of this Neon Night, with Osupa Saheed, the Lord of music will not be alone on stage as other fast rising artiste, Suave, The Omalicha’s crooner will also be performing on the same stage with Saheed Osupa alongside some other popular artistes.
It’s going to be a Bomb as this is the first show he would be doing in Lagos since he came into Nigeria.

A large percentage of his fans have been calling to register their joy that their favorite Fuji king would be performing that day. According to LAWBELL Manager in Nigeria ,OLABANJI ADELANA, he said the Canadian entertainment company packaging the show is fully prepared for the event and no stone would be left unturned

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Ogun Commissioner for Forestry, Engr. Oludotun, Conferred Fellow of Nigerian Society of Engineers In Abuja

Published

4 hours ago

May 15, 2024

Sahara Weekly

Ogun Commissioner for Forestry, Engr. Oludotun, Conferred Fellow of Nigerian Society of Engineers In Abuja

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The Nigerian Society of Engineers (NSE) has conferred the prestigious honor of Fellow of the Nigerian Society of Engineers (FNSE) on Engr. Taiwo Oludotun, the Ogun State Commissioner for Forestry.

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The conferment ceremony took place in Abuja, the Federal Capital Territory, and is a testament to Engr. Oludotun’s dedication and expertise in the field of engineering.

Our correspondent reports that Engr. Oludotun, popularly known as Twinny, has had a distinguished career in engineering and public service.

The Forest Commissioner is also a registered engineer with the Council of Registered Engineers in Nigeria (COREN) and has held various leadership positions, including General Manager at Unistar Hi-Tech Systems Ltd and Commissioner for Rural Development in Ogun State.

His experience in policy development and leadership has driven inclusive and sustainable development in rural areas, improving the quality of life for residents and promoting social and economic progress.

The conferment of FNSE on Engr. Oludotun is a well-deserved recognition of his achievements and commitment to the engineering profession.

Engr. Oludotun is actively participated in various technical and management trainings, workshops, seminars, and conferences, both locally and internationally.

The Commissioner’s contributions to humanity have been recognized by various NGOs, and he has earned several outstanding awards and accolades.

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Don’t Condemn any church …Prophet I O Samuel

Published

11 hours ago

May 15, 2024

Sahara Weekly

Don’t Condemn any church …Prophet I O Samuel

…….,The Body of Christ Must be united for Peace to reign in our Nation.

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Listen Nigerians Don’t allows Any one Full you to discriminate any living ministry and condemn peoples doctrines or denominations listen am a man of spiritual and physical research over the years I have cut across denominations and nations of the world from birth till date.

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My name is prophet I O Samuel I was born and raised under Anglican communion in Anambra state, Awka we were told we are the best and I became closer to Catholic families and found out it was a lie and met with so called white garments and saw great dedications and humility in another level in the past.
Most great men of God in Africa, bishops, prophets pastors, apostle’s were incubated through them as foundation of theirs gifts; I say truth is lie not trace their roots they may wipe the trace and have great reformations ; they may cover up the history with suits today and so called Pentecostal platforms ; but from your Go’s to Bishops to all your so called fathers and apostles they where born under one or two of these real denominations Celestial Church, Sabbath ; cherubim and Seraphim;Acppb Epkere Ufuma; Aladura and cac etc. Their great grand fathers served idols over the years when gospel came to Nigeria by Saint Samuel Ajayi Crowther team etc. They were in these’ local churches we condemn today.
Brothers and sisters we are one just that today ritualists and spiritualists has taken over pulpits on suits claiming to be pastors having secret alters behind the alters
Am not saying this for them to have a hide out in my claims never God will judge us all in good and in bad secret activities
The only person that’s was openly rejected was my mentor saint prophet Tb Joshua is on the social media no need to say much but can’t hide the great works of charity love and global miracle crusades that’s cut across Jewish nations Asia south America etc. on records but much in Nigeria and Africa only South Africa and Ghana once because of unbelievable and rejection.
what did he do as offense he did not join the Nigeria Pentecostal cabal of PFM etc they rejected him and Kumuyi and later accepted Kumuyi but Tb Joshua was rejected in life and in death.
A prophet is not recognized in his own country today one white garment prophet has been accepted nation wide by all Go’s, bishops etc. It pains me when we look at these things as we run the race of love and eternity let our fathers solve these problems of division in Nigeria Christianity and demolitions go on social media the legacy of today apostles and posters with prophets is exchange of words and condemning fathers if we don’t stop this another religion will crush Christianity in relevance governance and population in a short while i can only remind you of turkey where they had revivals by the first apostle they were all Christians now Muslims UK is latest Nigeria is next this prophecy may be slow but it will come to pass by our own biological children ;
Saint Follow The Crowd Follow The Crowd Jesus Christ Is Coming Soon He Should Not Meet Nigeria Church Divided Like This No Love We Can’t Fix A Blessed Country Shame On Us A Political Policy Can Close Your Church Keep playing Cabal Games With The Kingdom; I bet me mark my words and check my prophecies of the past events globally am in shock at the internal Christian hatred for our own brothers may God interpret this words to the world because I spoke from the realm of the prophetic in the linage of Abraham ; Moses and Elijah .
My Name Is Prophet I O Samuel Shiloh Word Chapel Abuja