The OAL Podcast: Recent Episodes
Olisa Agbakoba Legal
The role of small and medium enterprises play in the development of a country is very important. SMEs have greatly contributed to the Nigerian development in terms of employment, growth and development, and marketing of goods and services. It is no longer news that the repealed Act was overdue for a change after 3 decades of provisions which became obsolete due to the dynamic nature of doing business globally. The new Act is expected to bring succour to businesses and promote ease of doing business.
As the sports and creative sectors in Nigeria enjoy rapid capital and investment injection, there is a need to put in place efficient alternative dispute resolution mechanisms. ADR is a flexible, time- and a cost-efficient mechanism that helps parties in sports disputes to come to practical and satisfactory solutions. Some of its many benefits include - speed and flexibility.
Small and medium-sized enterprises need adequate financing to meet needs at each stage of their life cycle, from creation through operation, development, restructuring, recovery, and beyond.
The staying power of a business, its development, and its growth will depend in large part on its financing structure (equity, debt), its management, and the kind of assistance it may receive.
Olayinka Suara, our associate shared this extract from the OAL - SET Business Advisory Webinar that took place in December 2020.