New Realities, New Strategies, New Imperatives. Welcome to 2012
I wrote this article: http://blessingnnachi.blogspot.com/2011/04/rethinking-employee-managament.html about 8 months ago. Today, I am looking at the rising costs of fuel and consequently transportation, and how everyone from small business men to market women and even multinationals like the telecommunications companies are predicting product/service price increases in 2012 and I am beginning to think this article was months ahead of its time. A friend of mine predicted that a couple of days back that in the next 6 months banks - which remain one of the largest job creating industry in Nigeria will start retrenching staff. Reason? The CBN CashLite/CashLess Economy initiative which has started forcing businesses to automate payment systems. The add to this the expected OPEX from the fuel subsidy removal and its impact on the bottom line. Frankly, over the next few months in Nigeria, it will just get costlier and costlier to...