A new training program has been launched by the Lagos Business School (LBS) to assist Nigerian family-owned enterprises in addressing succession and governance issues that frequently jeopardize their survival. The three-day event, which will take place at the LBS campus in Lagos from November 11 to 13, 2025, is to give advisors, business owners, and next-generation leaders the skills they need to manage seamless generational transitions and fortify leadership structures.Nigeria’s economy depends heavily on family companies, yet many of them face difficulties with internal governance and changing leadership. Through hands-on training, real-world case studies, and candid conversations, the new program—which was introduced under the LBS Family Business Initiative—aims to close those gaps. Director of the LBSFamily Business Initiative, Dr. Okey Nwuke characterized the initiative as a chance for business families to create enduring legacies. According to him, this curriculum offers tried-and-true frameworks that assist family businesses in mastering governance, efficiently planning for succession, and balancing the interests of their families and their businesses. Professor Chris Ogbechie, the former dean of LBS; Professor Franklin Ngwu, a professor of strategic management; Mr. Rasheed Sarunmi, the group CEO of Saroafrica-SIAT Group; and Mr. Segun Sowande, a partner and head of strategy and business consulting at KPMG Africa, are among the academics and industry leaders who will lead the course’s lectures and panel discussions.
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