 The Lagos Business School is set to hold the maiden edition of its Family Business Conference which will feature deliberations and discussions by leaders on the impact of dynamics, governance and secession on the survival and sustainability of family-owned businesses and the Director of the Family Business Initiative at LBS, Dr. Keaton Wookiee, stated this during our press conference which was held to erode the inaugural event scheduled to be held this week. Dr. Wookiee said his initiative is a bring child of the school with a mission to inspire enterprising families in Africa to ensure family cohesion along term business services as well as ethical and societal impact. The LBSFBI aims to make intellectual contributions by positively impacting African family businesses through adversary services, key studies, teaching materials, seminars, conferences and family business awards. The keynote speaker at the conference, the Chief Executive Officer of the Chair-Centre Group Ibuko Awoshika, will join all the business leaders to discuss the team from Family Enterprise to Family Institution Climbing the Lungitivity Ladder. At the conference, there is a sense to draw insights that will be important in enhancing the longevity and 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 businesses that are usually otherwise successful but because of issues of family dynamics and transition challenges tend to go down. We hope that at the end of the day we will be able to explore all the concepts and issues and challenges that when family business leaders live they would have gotten chose and inside of helping them take better decisions that would change the trajectory of their businesses. At the conference, some of the issues that we are going to be exploring are the key issues around family business, around succession and planning for succession, implementing succession, governance. They tend to do better than most companies. Why? One, family businesses have tenacity and the tenacity, when they are challenged, 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 is owned by Adagya Nikodangute. It's a family business. 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, re-laut 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 hand-holding. 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.