Omotola said despite a World Bank report put the average lifespan of a Nigerians company to be five years, his first company is 25 years and has birthed other 27 companies.
According to him, “In Nigeria, the government is not pro-business. We pay all our taxes but don’t get the same compliment. The only thing that can keep you in business for 25 years is God and the power that you have because someone can just come one day and pull down your building. Anything can happen at any time.
“So, you need that resistance that it’s not going to happen. The chaotic environment is what makes a lot of people run away. But the truth of the matter is that there is hardly any country in the world that has the same profit margin that Nigeria has in every sector,” he said. Nigeria has been urged to push for corporate behavioural change in mainstreaming Environmental, Social and Governance advantages in the enlarged business space to unlock the much-needed Foreign Direct Investments for the country as well as open up more businesses. Executive Secretary/Chief Executive Officer, Financial Reporting Council of Nigeria , Dr.