Nigerians have been urged to consciously imbibe and integrate morality and other ethical values into their businesses if they must thrive and remain in business.
The advice was given by a university don, Prof. Adewole Adeyeye, while delivering the 3rd Inaugural Lecture at Olusegun Agagu University of Science and Technology (OAUSTECH), Okitipupa, Ondo State, Nigeria on Monday, 24th July, 2023 at the Main Campus of the University.
The professor of business ethics and secretary, Ondo State Public Complaints, Financial Crimes and Anti Graft Commission in his inaugural lecture titled Morality in Business: That Our Business May Truly Prosper" argued that most businesses in Nigeria are short-lived and unprosperous because business people in Nigeria believe in cutting corners, with little or no regard for the law and business ethics.
"The relationship between ethics and business has long passed the stage of skepticism. There is no need to doubt the relevance of ethics in business because business and ethical are correlated. Ethical practices are obligatory for optimal growth of business development. It will be foolhardy for any business or manager to ignore this fact. An enterprise can have the best of human and material resources, if the integrity capital of such an enterprise is nothing to write home about, it is certain that the business won't go far," the lecturer posited.
Prof. Adeyeye, pioneer Dean, OAUSTECH's School of Management Sciences and lead consultant, United Nations Convention Against Corruption (UNCAC) submitted that meaningful research has shown that most durable businesses in Nigeria do not last beyond 30 years due to absence of morality and widespread unethical practices such as deceit, fraud, sub-standisation, unfriendly working environment and lack of good customers' relations among others.
The reverred professor of business ethics maintained that for businesses in Nigeria to prosper, keep growing in patronage and profitability and last for hundreds of years as seen in Asia, America and other developed world, honesty of purpose, integrity, motivations for workers and good customer relations among others are non-negotiable.
"Consumers and stakeholders relate with business positive brand and image for enhanced patronage. When the integrity capital of business enterprise is high, such business enjoys optimal patronage and more profits comes in. With very strong positive brand, business opens doors and opportunities for expansion," he stressed.
The United Nations Development Programme (UNDP) consultant seized the opportunity to call on the Nigeria government to engender necessary infrastructure programme to support ethical practices in business in the country.
"Efficient ethical practices require infrastructure such as strong legal framework, corporate governance mechanism and strong enforcement regime. When there is no strong ethical infrastructure to support ethical practices, the urge to practice ethics in business is drastically reduced and weakened," Adeyeye concluded.
In his remarks, the Vice-Chancellor, OAUSTECH, Prof. Temi Emmanuel Ologunorisa stated that Prof. Adeyeye's research has been able to unravel the causes of business mortality in Nigeria and worldwide.
Adding that he has also provided policy framework for ensuring that business do not run foul of the law, so that there are fewer cases of prosecution by antigraft agencies.
The Vice-Chancellor emphasized that the take away from the lecture is that business should not be devoid of morality.
"We should not cut corners, we should not run foul of the law and we should always take ethical issues into consideration when conducting our businesses both at the micro and macro levels," the VC remarked.
The occasion was graced by the representative of Olowo of Owo, including the immediate past Chief Judge and Chairman, Ondo State Antigraft Commission, Hon. Justice Akinkuoroye, government functioaries, captains of industries, principal officers of the University, people in the academia, students and other members of public.
Posts
Thank you for reaching out to us. We are happy to receive your opinion and request. If you need advert or sponsored post, We’re excited you’re considering advertising or sponsoring a post on our blog. Your support is what keeps us going. With the current trend, it’s very obvious content marketing is the way to go. Banner advertising and trying to get customers through Google Adwords may get you customers but it has been proven beyond doubt that Content Marketing has more lasting benefits.
We offer majorly two types of advertising:
1. Sponsored Posts: If you are really interested in publishing a sponsored post or a press release, video content, advertorial or any other kind of sponsored post, then you are at the right place.
WHAT KIND OF SPONSORED POSTS DO WE ACCEPT?
Generally, a sponsored post can be any of the following:
Press release
Advertorial
Video content
Article
Interview
This kind of post is usually written to promote you or your business. However, we do prefer posts that naturally flow with the site’s general content. This means we can also promote artists, songs, cosmetic products and things that you love of all products or services.
DURATION & BONUSES
Every sponsored article will remain live on the site as long as this website exists. The duration is indefinite! Again, we will share your post on our social media channels and our email subscribers too will get to read your article. You’re exposing your article to our: Twitter followers, Facebook fans and other social networks.
We will also try as much as possible to optimize your post for search engines as well.
Submission of Materials : Sponsored post should be well written in English language and all materials must be delivered via electronic medium. All sponsored posts must be delivered via electronic version, either on disk or e-mail on Microsoft Word unless otherwise noted.
PRICING
The price largely depends on if you’re writing the content or we’re to do that. But if your are writing the content, it is $60 per article.
2. Banner Advertising: We also offer banner advertising in various sizes and of course, our prices are flexible. you may choose to for the weekly rate or simply buy your desired number of impressions.
Technical Details And Pricing
Banner Size 300 X 250 pixels : Appears on the home page and below all pages on the site.
Banner Size 728 X 90 pixels: Appears on the top right Corner of the homepage and all pages on the site.
Large rectangle Banner Size (336x280) : Appears on the home page and below all pages on the site.
Small square (200x200) : Appears on the right side of the home page and all pages on the site.
Half page (300x600) : Appears on the right side of the home page and all pages on the site.
Portrait (300x1050) : Appears on the right side of the home page and all pages on the site.
Billboard (970x250) : Appears on the home page.
Submission of Materials : Banner ads can be in jpeg, jpg and gif format. All materials must be deliverd via electronic medium. All ads must be delivered via electronic version, either on disk or e-mail in the ordered pixel dimensions unless otherwise noted.
For advertising offers, send an email with your name,company, website, country and advert or sponsored post you want to appear on our website to advert @ alexa. ng
Normally, we should respond within 48 hours.