Firm Outlines Model for Businesses to Flourish in Nigeria

Peter Uzoho

Executive Chairman of Mainland Oil & Gas Limited, and Chrisnak Group, Dr Chris Igwe, has provided the global business community, especially Nigerian investors with great insights into driving organic business growth in a depressed economic environment.

lgwe gave the insights in a lecture he delivered at the School of Advanced International Studies (SAIS) at the Johns Hopkins University, Baltimore, United States, with the topic, “Contemporary Issues Related To Governance, Entrepreneurship And Energy Development in Nigeria.”

In the lecture, the oil marketer used his companies as reference cases to demonstrate how private enterprises, in harmony with good regulatory agencies, could be a crucial avenue for engaging Nigeria’s burgeoning population.

He pointed out that investors aspiring to explore the wealth of opportunities in the Nigerian business environment needed to embrace compliance and foster partnerships and collaborations with government agencies and regulators in order to drive mutually beneficial growth.

He also tasked players in the petroleum industry to cultivate the necessary capacity, capability, networks, and partnerships to not only survive but thrive in the dynamic Nigerian energy landscape.

Igwe declared that positive working relationship with the Nigerian government entails incorporating community stakeholder relations through employment opportunities and sustainable development initiatives in all industry operations.

Citing the example of companies under the Chrisnak Group, Igwe stated, “We prioritize talent development, recruiting and grooming individuals from within these communities, while upholding the highest standards of governance and sustainability throughout our value chains.”

However, chief host and Chairman of African Focus Area at John’s Hopkins University, Prof. Peter Lewis, commended Igwe for the lecture, noting  that his presentation provided business players with great insights into the Nigerian operating environment.

He also applauded the guest lecturer on his business success and the growth of the Chrisnak Group.