This Day (Lagos)

22 January 2013

Nigeria: Enterprise Bank Boss Harps On Effective Management

The Managing Director/Chief Executive Officer, Enterprise Bank Limited (EBL), Mallam Ahmed Kuru, has described high moral values, efficient management, service discipline and culture change in both the public and private sectors of the Nigeria's socio-political and economic landscape as the panacea for stable growth.

According to a statement, Kuru said this at the Nigerian Institute of International Affairs (NIIA) recently in Lagos.

He stated that the primary purpose of establishing an enterprise was to create value through the production of goods or services that satisfied both domestic consumption and export earnings.

"Besides profit generation for key stakeholders, a successful enterprise is vital to achieving national aspirations in diverse ways: job creation in the economy and employment opportunities for the teeming unemployed, improved living standards of the people, contribution to the Gross Domestic Product (GDP) growth rate and wealth creation needs," he said.

Kuru further described good leadership as the lesson learned from the management.

The Enterprise Bank boss said: "This reality gives impetus to collaboration among enterprises in order to advance industrial know how on which our future depends.

"For instance, knowledge needs update and upgrade. Increasing knowledge intensity of the processes of generating, producing and commercialising new goods and services will make future enterprise collaboration in cost effective Research and Development and distribution even more desirable."

Continuing, Kuru added: "The primary purpose of establishing an enterprise in the first place is to create value through the production of goods or services that satisfy both domestic consumption and export earnings.

"Besides profit generation for key stakeholders, a successful enterprise is vital to achieving national aspirations in diverse ways: job creation in the economy and employment opportunities for the teeming unemployed, improved living standards of the people, contribution to the Gross Domestic Product (GDP) growth rate and wealth creation needs."

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