Alim Abubakre, the Nigerian-born founder of UK-based leadership development organisation TEXEM, has urged chief executive officers in Nigeria to embrace better governance to win in 2024.

In his New Year advisory titled ‘Winning in 2024: A Year of Recovery’, Mr Abubakre said his advisory is with a sense of responsibility considering the existential challenges facing leaders in Nigeria and beyond.

He said the challenges include slow growth, failing business models, cyber threats and high inflation.

Mr Abubakre said his prescriptions leveraged insights from diverse contexts and thousands of interactions with global decision-makers.

“Embrace resilience, chart strategic courses, and foster innovation to navigate the complex landscape. In 2024, let governance be your compass, steering toward ethical excellence,” Mr Abubakre explained.

He added, “Forge strategic alliances, empower teams, and lead with an unwavering vision to endure and thrive in adversity” and called on the executives to pioneer change, where leadership, strategy, innovation, and governance converge for a prosperous year ahead.

According to Mr Abubakre, navigating challenging economic times demands resilient leadership.

“Nigerian leaders could learn from developing countries like India, where technology leaders have transformed the landscape despite challenges. In these times of high inflation and heightened currency risks, leaders in Nigeria can learn from the agility and resilience of leaders in Brazil, who adapt swiftly to economic shifts,” Mr Abubkare stressed.

He added, “Also, in these times of turbulence, leadership is tested, and true leaders thrive. In challenging times, CEOs with a clear vision successfully navigate challenges and win.” 

The UK-based thought leader pointed out that strategic leaders need to optimise their decision-making credentials and oversight acumen in volatile times.

“Leaders should examine and learn from the governance models in Singapore, emphasising and inspiring core competence that stimulates better accountability, effective resource allocation and efficient execution,” said Mr Abubakre.

(NAN)