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Phillips Consulting Explores Emerging Trends in Future of Work

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Future of Work

By Aduragbemi Omiyale

Since the coronavirus (COVID-19) disease struck in 2020, the world has not remained the same and the way people and organisations operate has changed.

Recently, stakeholders gathered for the AfricaNXT2022 and the Future of Work was discussed with Phillips Consulting, a leading business and management consulting firm, providing deep insight into the paradigm by exploring emerging trends in the ecosystem.

The company has, in the past two years re-imagine the future of work as the world comes to grips with the next normal, businesses and teams have to continue to adjust and react quickly to remain competitive.

African businesses and industry leaders are facing daunting tasks to navigate a post-COVID-19 economic environment continuously shaped by accelerating digitisation, rising hybrid workplace, diversity, globalisation, and Artificial intelligence. To do nothing is dangerous to businesses and the prosperity of the African continent, said Mr Rob Taiwo, Managing Director Phillips Consulting.

The panellists at the event contextualized and mapped how critical enablers of the fourth and fifth industrial revolution will profoundly drive transformation across industries and redefine the Future of Work.

The African economy can forge a different pathway from the rest of the World – if opportunities in the emerging “Future of Work” are harnessed correctly by businesses and industry leaders, they agreed.

“A recent study has shown that 97 per cent of employees stated that they had some kind of work-related stress, this is the best time for a reset, especially after COVID-19, discussing the Future of Work, community and the modern workspace at,” Mr Taiwo said.

He further stated that, “Employees are looking for a different type of leadership. Old school methods of command and control are collapsing. It is a new day and a new time. Companies that are going to win are embracing a new way.

“People are looking for more than money; increasingly people are working for a purpose. Work-place culture is also taking the forefront in the way people seek employment.”

According to Mr Joshua Ademuwagun, Senior Managing Consultant & Head of Advisory, pcl, “We shared best practices and offered industry-focused considerations on how business leaders need to rethink their business models and strategies to best position themselves to leverage emerging opportunities.”

Meanwhile, Remi Dada, founder and CEO of Spacefinish & Design Match-Up stated that the future of work is about being empowered to work how you want when you want. When employees are empowered, performance becomes the goal.

“Tech is in more demand than before; “workspaces” are more relevant than pre- Covid, which is why creating spaces that are meant for collaboration, making your office space feel as relaxed as your home is the future. Spacefinish Designs is working to blur the lines between the workspace and living spaces for the Future of Work,” Dada said.

Corroborating earlier speakers, Arinola Fetuga, Head, HR & Admin, Lagos State Employment Trust Fund asked “How do we transfer knowledge and build strong relationships between employees and employers, when everyone is working in a different environment? That is where technology comes into play when building the Future of work. But company policies, feedback, structure, and processes have to be adaptable to fit the evolving future”.

“Innovation is building employee and employer management for the Future of Work, Tech creates solutions for people that are different from you, but we have to be dynamic in the way we communicate with people individually,” said Enimien Inegbedion, Strategy and Transformation Project Manager, Hugo Technologies.

Aduragbemi Omiyale is a journalist with Business Post Nigeria, who has passion for news writing. In her leisure time, she loves to read.

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ECOWAS Trade Network Re-elects Nigeria’s Yakusak Ezra as President

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Yakusak Ezra

By Adedapo Adesanya

The Executive Director/Chief Executive Officer of the Nigerian Export Promotion Council (NEPC), Mr Yakusak Ezra, has been re-elected as the President of ECOWAS Trade Promotion Organisations (TPOs) Network in Accra, Ghana.

With the election, Mr Ezra is to serve another one-year tenure and will lead 15 other member ECOWAS countries in driving trade within the sub-region.

A statement signed by Mr Ndubueze Okeke, Head, Corporate Communications of NEPC said Mr Ezra’s re-election was also in line with Article 11 of the ECOWAS TPO Network.

“The ECOWAS Trade Promotion Organization is a network of all Trade Promotion Organizations in West Africa established by the decisions of the Council of Ministers at the Ordinary Session.

”Nigeria became the pioneer president in April 2021. Dr Ezra became the president following the expiration of the tenure of Mr Awolowo as ED/CEO of NEPC.

”The re-election of Dr Ezra was at the end of 2nd Annual General Meeting of the Network held at Alisa Hotel, Accra, Ghana from 19th – 20th May 2022.

”He was re-elected along with the vice president, Mr Ben Guy Mbangue from Cote’ D’Ivoire.

“The duo constitute the Executive Bureau of the Network and the tenure expires after one year. All members present unanimously re-elected the President and Vice President respectively,” the statement said.

ECOWAS TPO Network is a public-sector led entity and will work in partnership with the ECOWAS commission to drive inclusive trade development initiatives within West Africa and beyond.

The body is part of steps towards building mutual trust and cooperation without borders within the ECOWAS region. As of today, intra-Africa exports only account for about 16 per cent of Africa’s global export, and more specifically intra-ECOWAS trade only accounts for a tenth of ECOWAS countries’ global trade.

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FG Names Anamekwe Nwabuoku as Acting Accountant General

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Anamekwe Nwabuoku

By Aduragbemi Omiyale

Mr Anamekwe Nwabuoku has been appointed by the federal government as the acting Accountant General of the Federation (AGF).

The appointment of Mr Nwabuoku followed the suspension of Mr Ahmed Idris from office after the Economic and Financial Crimes Commission (EFCC) arrested him over an alleged N80 billion.

Last Monday, the anti-graft agency apprehended Mr Idris after his failure to honour an invitation extended to him over the matter.

He was taken into the EFCC custody to answer questions about the alleged fraud and to ensure an “unhindered investigation,” the Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, asked him to step aside.

This action led to the postponement of the monthly Federal Account Allocation Committee (FAAC) last week as the embattled AGF leads the gathering.

In order not to create a vacuum, the federal government has asked Mr Nwabuoku to head the office in an acting capacity pending the outcome of the probe into the fraud allegation against Mr Idris.

His appointment was confirmed in a letter dated Friday, May 20, 2022, and signed by the Permanent Secretary in the Federal Ministry of Finance, Budget and National Planning, Mr Aliyu Ahmed.

According to the notice, the acting AGF is expected to carry out his duties in strict compliance with extant rules and observe the highest sense of professionalism.

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Semiu Adeniran Becomes Nigeria’s Statistician-General, NBS Chief

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Semiu Adeniran Nigeria's statistician-general

By Modupe Gbadeyanka

A professional statistician, Mr Semiu Adeniran, has become the substantive Statistician-General of the Federation and Chief Executive Officer (CEO) of the National Bureau of Statistics (NBS).

The appointment of Mr Adeniran was approved by President Muhammadu Buhari, a statement signed on Friday by Sufuyan Ojeifo, the Special Assistant on Media to the Minister of State for Budget and National Planning, Mr Clem Agba, disclosed.

The new Nigeria’s statistician-general was selected for the job following the death of the former occupier of the position, Mr Harry Simon on April 13, 2022.

According to the statement today, prior to his new appointment, Mr Semiu was the Director of Demographic and Household Statistics at the stats office.

The new NBS CEO has over three decades of statistical hands-on experience garnered from various local and international institutions and has a bias toward Demography and Social Statistics.

It was stated that the appointment is with immediate effect.

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