We say many SMEs die within 5 years. Maybe we have not realised that:
Most of the biggest banks in Nigeria today were not the biggest banks 10 years ago. The biggest Banks 10 years ago were not the biggest 20 years ago. Many do not exist today.
The biggest airlines in Nigeria today were not the biggest banks 10 years ago. The biggest airlines 10 years ago were not the biggest 20 years ago. Many do not exist today.
Many of the football clubs in the Nigerian league today were not there 10 years ago. The clubs we knew then (Abiola babes, Julius Berger, Eagle Cement and many others) no longer exist today.
On the other hand, the clubs in England and similar countries have survived for 70, 80, 100 years.
What is it with Nigeria and sustainability?
