the lagos business school mbaweb.nbs.ntu.edu.sg/graduatestudies/nanyangmba... · jumia, kaymu,...

The Lagos Business School MBA Developing responsible leaders for Africa and the world

“LBS is a community of people committed to creating and transmitting management and business knowledge based

on a Christian conception of the human person and of economic activity and relevant to Nigeria and Africa at

large. We strive to be a world-class business school which will have a significant impact on the practice of

management.”

Our Mission

Founded in 1991

Special focus on business ethics

Expert Faculty

Renowned Alumni Network

In the business hub of Nigeria

Global outlook, local content

General management curriculum

World-class facilities

Case study methodology

Ranked with the world’s top business schools – FT

LBS: Exceptional education in the fundamentals of management

Why LBS?

• A rewarding learning opportunity with our outstanding faculty and industry experts

• A unique student experience that ensures learning takes place while also enjoying the hospitality of LBS, its people and the city

• An ideal forum for networking within a vibrant and connected alumni association

• A blend of universal management knowledge with the peculiar skills for doing business in emerging markets

Why LBS? A world-class learning environment

Deserving world-class personalities

Why LBS?

MBA Class Profile

A typical day at LBS Period Activity 08.15 am – 08.55 am Group Meeting 09.00 am –10.15 am 1st Session 10.15 am – 10.45 am Tea Break 10.45 am – 12 noon 2nd session 12 noon – 12.15 pm Break 12.15 pm – 1.30 pm 3rd Session 1.30 pm – 2.15 pm Lunch Break 2.15 pm – 3.30 pm 4th session

Defining Lagos; Why an Exchange in Lagos? “Lagos is like no other city that I know of in the world. It is a place filled with inspiration, electrifying essence, a whole city of discovery, a melting point of so many different cultures….” Deola Sagoe- Fashion designer.

“ it is a city that never sleeps, there is always something to do, there is always an event. There is a vibe in Lagos that you don’t find in any city”- Francesca Rosset Managing partner/Kinabuti LTD

“ It is the best kept secret in the world. A place you can call home wherever you come from”- Babatunde Raji Fashola(SAN) Former Governor of Lagos state.

Presenter

Presentation Notes

Lagos is the financial capital of the Nigerian economy. Nigeria is a middle income, mixed economy and emerging market with expanding financial, service, communications, technology and entertainment sectors.

I. Geography and Location • Lagos is located on the south western part of

Nigeria on the Atlantic coast, in the Gulf of Guinea.

• The two seasons present are: rainy season (May to October) and dry season( November to April). The hottest months are between January and March.

• It is mostly warm. The average temperature in Lagos is about 27°C or 81°F.

II. Population. • Lagos is a megacity about 21 million

inhabitants with a growth rate averaging 3.2% .

• Most populous city in Africa, overtaking Cairo, and 7th fastest growing metropolis in the world – New York Times.

The city of Lagos. Why an exchange in Lagos?

III. Economy • With oil as the major export commodity, Lagos possesses the busiest ports in

Africa. • Nigeria is currently the largest economy in Africa, GDP ($594.257 billion) ahead of South

Africa ($341.216bn) – Africa Ranking • Lagos accounts for 70% of all industrial investments and 50% of Nigeria’s port revenues.

• Lagos generates about a quarter of Nigeria’s GDP including 90% of foreign exchange earnings for Nigeria in general –FT.

• Lagos is primed to become the 13th largest economy in Africa, contributing more than 30% of the Nigerian GDP.

• With the Lekki Free Trade Zone under construction, Nigeria’s economy through Lagos will soar even higher.

The city of Lagos. Why an exchange in Lagos?

Presenter

Presentation Notes

*Notes. About LFZDC: The trade zone is offering100% foreign ownership of investments, repatriation of capital, profit and dividends, custom duties and levies, tax free imports of raw materials and components for goods destined for re-export, waiver on all import and export licenses, permission to sell manufactured, imported and assembled goods to the Nigerian domestic market, restriction free to hire foreign employees, waiver on all expatriate quotas for companies operating in the zone.

Economic Opportunities in Lagos

Retail

• With 170million people in Nigeria and about 80 million living in metropolitan areas, consumers spend in the excess of $100million each year.

• This makes Nigeria the most promising market

in Africa, with Lagos at the forefront.

• “E-commerce is set to redefine the Nigerian economy in 2015” – Former Minister of Technology, Dr Omobola Johnson

• $200 million worth of foreign investments has been attracted as a result of E-commerce, boosting the online retail sector.

• Over 12,000 jobs created since 2012 as a result of online retailing, with top websites like, Jumia, Kaymu, Konga, Gloo, Buymu etc.

Presenter

Presentation Notes

Note According to Mckinsey’s “lions go digital”, this reports predicts the internet will amount to $300billion of Africa’s GDP by 2025, up from $18billion in 2013. E-commerce has a daily potential of $10billion from a potential 300,000 orders each day. 36% of 170million people are connected online, while 63% of Nigerians in the middle class have bought at least 1 item due to the tremendous growth in internet usage. It will also interest you to note that, most of these online retail companies are out of entrepreneurial capabilities, that is, it is owned by at least one person.

Economic Opportunities in Lagos Telecommunications

• High level of competition amongst major telecommunication providers (Globacom, MTN, Etisalat, Bharti Airtel, Visafone, Telkom) helped boost the Nigerian economy.

• The level of telecom penetration in Nigeria is more than 75%, about 127.61million mobile subscribers indicating an annual growth average of 46.29% – Vanguard

• The mobile data market is also being shaped by over 83 million internet subscribers – NCC

• Telecoms and information sector contributed about 8.38% of GDP in the opening quarter of 2015 – NBS

• Largest mobile market in Africa and 10th largest in the world.

Economic Opportunities in Lagos Movie industry

• The Nigerian movie industry is the second largest film producing industry after Bollywood, India.

• The movie industry produces 50 movies per week.

• The industry is constantly expanding.

• Motion pictures contributes 1.4% of the total GDP of the Nigerian economy – The Economist

• Nollywood ranks third in terms of global revenue. – M.D. NEXIM, Robert Orya

• Nollywood generated $590billion in 2014.

Presenter

Presentation Notes

*Note. “30 days in Atlanta” brought about an estimated N200million( $100 ,503) of cinema revenue. Followed by “October 1st” at 137million ($68,844) of cinema revenue.

IV. A confluence of Cultures. Experience Lagos through a mix of cultures, festivals and art.

National museum Eyo Festival

Nike art gallery

Terra Kulture

Lagos Carnival

Why an Exchange in Lagos?

Lagos Black Heritage Festival

Presenter

Presentation Notes

*Notes. National Musuem: Established in 1957, the National Museum characterizes of archeological, Ethnographic and traditional art. The main attractions are the brasses from Benin City, Nok Terracotta’s, General Murtala Mohammed’s bullet-riddled car in which he was assassinated. Eyo Festival – It is a Yoruba festival indigenous to Lagos state, also known as Adamu Orisa play. The Eyo masquerades are costumed dancers who represent the spirit of the dead referred to as “Agogoro” in Yoruba. In ancient times, it was performed to escort souls of the departed, Kings and chiefs or to usher in new kings. Terra Kulture: It is an educational centre that comprises of art, culture, lifestyle, and a restaurant. It was established in 2004. Lagos Carnival: Lagos carnival is held every year around Easter periods. Particularly held on the Lagos Island, the carnival is as a result of the historical links between the returnees and their descendants from Brazil, West Indies and Sierra Leone in the late 19th century. For more info: http://www.lagoscarnival.com Lagos Black heritage festival: It is an event held annually that showcases African diversity and creativity through a number of traditional and contemporary dance, drama, music, photo exposition, design and fashion display, international symposium, film and video fiesta and other artistic and intellectual performances, both inter-state and international. For more info: http://www.lagosblackheritagefestival.com Nike Art Gallery: It is an art gallery named after Nigeria’s most important artist, Nike Davies-Okundaye. It is a four storey building full of different artistic features both traditionally and contemporary. For more information: http://www.nikeart.com/

Lekki Conservation Centre

Coconut Beach Badagry National Theatre

Lagos Island at night 3rd Mainland Bridge

Freedom Park

Why an Exchange in Lagos? V. Tourist attractions

Presenter

Presentation Notes

*Notes. Lagos Island at night: A rare picture taken of the Lagos Island at night. Third mainland bridge – Longest bridge in Africa (11.8km). Lekki Conservation Centre: It is a conservation initiative to protect wildlife found in southeast coastal environments of Nigeria in the face of sprawling urbanization. It was established in 1980 but later registered in 1982 as a Charitable Trust under the land( Perpetual Succession) Act of 1961. For more information: http://www.ncfnigeria.org/about-ncf Coconut Beach Badagry: It is a tropical beach, surrounded by coconut trees, and a beautiful scenery. Located in the coastal town of Badagry, West of Lagos, which has the reputation of slave trade in the 1800s , Coconut beach is a major tourist destination in Lagos. National Theatre: It is an architectural masterpiece and a cultural landmark located at Iganmu. It was established on September 30th, 1976 under Gen. Olusegun Obasanjo. It covers an area of 23,000 square meters and about 31 meters tall. The major purpose it was established is for, preservation, presentation, and promotion of Arts and Culture. For more information visit: http://www.nationaltheatreng.org/nt/ Freedom Park: It was formerly known as “old broad street prison”(a colonial instrument of control and oppression). Currently, it is a peaceful location, filled with historical artifacts, monuments and also a leisure park. For more information: http://lagosfreedompark.com

VII. Latest and ongoing developments.

Lekki-Ikoyi Bridge Eko-Atlantic city

Lekki Free Trade Zone

Why an Exchange in Lagos?

Presenter

Presentation Notes

*Notes Lekki-Ikoyi Bridge: It is a 1.36km cable-stayed bridge which links Lekki to Ikoyi, which are both affluent parts of the city. It was commissioned May 29th, 2013 by the former Governor of Lagos state, Babatunde Raji Fashola (SAN). Eko-Atlantic City: Eko Atlantic City is soon to emerge from the Atlantic Ocean (estimated conclusion date 2017). Great cities develop their character through distinctive architecture and famous landmarks. Within the next decade, the new city of Eko Atlantic will take its place among major cities; it will make Lagos famous for its unique position on reclaimed land currently under the ocean off Victoria Island in Lagos, Nigeria. Lekki Free Trade Zone: See slide 11. For more information: http://lfzdc.org/

Information for Exchange School Exchange Application

Procedure The student who has been selected for a exchange at LBS is required to send the following information: • Curriculum Vitae • Digital portrait (format.jpg/150 dpi’s/207x266

pixels/coloured/formal wear from shoulders up)

Course Selection Process The courses for the semester (core course and electives) are listed at the end of this document. The Visiting School should approve the course selections and arrange for credit transfer for students on completion of the programme.

Visas Exchange students may enter the country as tourists, but if they are planning to stay longer than three months, it is necessary to find out the requirements of the Nigerian consulate or embassy in the home country.

Information for Exchange Academic Structure Classes are based on 75-minute sessions. Exchange students

need to sign up for the equivalent of 9 LBS credit hours (or three courses) in the semester.

Dress Code Formal business wear every day to class. No tank tops, sandals, shorts, mini skirts, jeans, athletic shoes, sweatpants or slippers are allowed. We respect cultural and religious outfits.

Information for Exchange Living expenses Between $150 and $250 per month

Health insurance This should be obtained from home country, but covering health issues in Nigeria. Alternatively, this can be secured in Nigeria on arrival if an exchange student is unable to obtain one in their home country. It will cost about ($150) for three months.

Transportation Mini-buses and taxis. Uber is also now popular in Lagos.

Information for Exchange Accommodation

• Available male and female hostel accommodation at the university campus.

• Single rooms- ($221) weekly, including ($251) refundable deposit

• Double rooms- ($166) weekly, including ($251) refundable deposit

• Utility bills inclusive, Internet and laundry services exclusive.

• Mini shopping complex, salon, laundrette, restaurant between male and female hostels.

Presenter

Presentation Notes

*Notes Female hostel. Daily Charge:�Single bed - N15,000 ($75.4)�Double bed - N10,000 ($50,3) Weekly Charge�Single bed - N44,000 ($221)�Double bed - N33,000 ($166) Monthly Charge�Single bed - N161,000 ($809)�Double bed - N111,000 ($558)

Student Led Activities Benefits

Toastmasters Develop public speaking skills Finance Club Gain knowledge of the finance industry and prepare for a career in finance Consulting Academy Learn about the consulting industry and prepare for a career in consulting

Soft Skills Develop office productivity skills mainly in the use of MS Office suite

Women Leading Change

Support for women aspiring to leadership roles

ABC Club Stay connected to business opportunities in Africa

SME Logic Provide consultation services for small and medium-scale enterprises (SMEs)

Project “What Next?” Stay connected to industry experts Sports Club Maintain good health and fitness

Information for Exchange Available clubs and societies students can join to boost their skills, employability and careers.

School Details School Address Lagos Business School, Pan-Atlantic University, Km 22

Lekki-Epe Expressway, Ajah, Lagos.

Language of instruction English

Career Management Office

Yes. The MBA Career Office will provide advice on career issues and the job environment in Nigeria

Term of Exchange First Semester, second year

Begins October 3, 2016

Ends December 13, 2016

Examination Dates Dec 12, & 13, 2016.

Application Deadline June10, 2016

Core/Elective Courses

LBS runs a 12-week semester in the first semester of the second year. Below are the courses available during the semester.

Business Law Strategy in Emerging Markets Entrepreneurship (Core) Strategic Management II Purchasing and Supply Chain Management Service Management Business Law Tax Planning Managing Corporate Power & Politics

First Semester

Oct 3 – Dec 13, 2016

For more information please visit our website: www.lbs.edu.ng

Contact details: Joan Egwuterai

email: [email protected]

School Details

http://www.lbs.edu.ng/

mailto:[email protected]

the lagos business school mbaweb.nbs.ntu.edu.sg/graduatestudies/nanyangmba... · jumia, kaymu,...

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