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Leadership: Addressing challenges of a recession
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By Alim Abubakre
WHILE the COVID-19 pandemic has caused a virulent recession in many countries globally, Nigeria’s case is a bit direr. Even before COVID-19 struck, Nigeria was already suffering from the adverse consequences of collapsing oil prices. Hence, without effective and impactful strategic leadership, the virus could aggravate the pain of an already hard-biting recession.
For organisations that are not dynamic, responsive and agile, the effects of the recession are likely to continue hurting their performance into the foreseeable future and threaten their existence. Some of the many challenges that organisations are facing include a high level of inflation and insecurity.