 Now the Lagos Business School is set to hold a maiden edition of its Farmland Business Conference which will feature deliberations and discussions by leaders on the impact of dynamics, governance and succession on the survival and sustainability of family-owned businesses. The director of the Farmland Business Initiative at the LBS, Dr. Oke Omoke, said that this during a press conference which was held to hear out a inaugural event scheduled to be held this week. Dr. Omoke says the initiative is a brainchild of the school with a mission to inspire enterprise and families in Africa to ensure family cohesion, long-term business success as well as ethical and societal impact. The LBS FBI aims to make intellectual contributions by positively impacting African family businesses through advisory services, case studies, teaching materials, seminars, conferences and family business awards. The keynote speaker at the conference is the Chief Executive Officer of the Chair-Centre Group, Ibuku Awoshika, who joined all the business leaders to discuss the theme from family enterprise to family institution climbing the longevity ladder. At the conference, there is a sense to draw insights that will be important in enhancing the longevity and the endurance of family businesses post the lifetime for the founders. That's basically the issue. Now we are not focusing on family businesses that struggle generally like other businesses, but family business that are usually very otherwise successful, but because of issues of family dynamics and transition challenges, you tend to go down. We hope that at the end of the day, we'll be able to explore all the concepts and issues and challenges that when the family leaders leave, they would have gotten tools and inside have helped them take better decisions that would change the trajectory of their businesses. Some of the issues that we are going to be exploring are key issues around family business, around succession and planning for succession, implementation, succession, governance. Okay, they tend to do better than most companies. Why? One, family businesses, you know, have tenacity and the tenacity, when their challenges, they invest their time, they invest their resources, and they tend to weather those storms because they have legacy at the back of their minds. So family businesses also, when we even look at Nigeria, you quoted 44 million SMEs, most of those SMEs are mom and pop business. It's also a family business. Several of us who run businesses also come from that background that we have turned into businesses. And when we talk about the most important business in Nigeria, we know that business, private business, it's owned by a Niger, you go down with it. It's a family business. A family, what's a family business? A family business is where that business is mostly owned by one family. It's not a one-off thing. And it's rooted in our vision. And that vision is developing responsible leaders to inspire Africa's growth. So if you look at it from that lens, see that this is not a one-off conference. There are many conferences that happen across Nigeria, across Africa. People gather at the talk panel and everything, but we go beyond that. And you heard, okay, real out the activities that would follow after this conference. There's a seminar in May. There's a family business network that's going to be established in September. There's a lot of handholding. There's a lot of network opportunities. And there's a lot of learning. We talked about case studies that we built from those families because many people are blinking in the dark. Hello. Hope you enjoyed the news. Please do subscribe to our YouTube channel. And don't forget to hit the notification button so you get notified about fresh news updates.