A business strategist and finance expert has called on Nigerian small businesses and startups to focus on building strong internal structures before chasing external funding. Speaking at the Lagos launch of his new book Beyond Access to Capital, Ogunje highlighted that many SMEs in Nigeria fail not due to lack of funds, but because of weak business systems and poor management.
He explained that while funding is important, it is only effective when backed by proper structures in operations, marketing, and finance. “Even with millions in funding, a business without structure can collapse,” Ogunje warned.
Read also,
- FG reaffirms drive to boost farm productivity, jobs, food security
- US Consulate, Pelse Consulting groom young Nigerian entrepreneurs for community impact
- Nigeria earns ₦12.81trn from crude oil exports in Q3 2025 as oil tightens grip on trade
- NCDMB unveils project WADORE to boost skilled Nigerian oil, gas talent
- Firm to host 10-day free wellness programme for entrepreneurs
His book offers practical insights for entrepreneurs, SME managers, and business incubators, showing how strategic planning and discipline are key to long-term success. The publication draws from two decades of his professional experience and includes real-life case studies from both successful and failed businesses.
The event attracted a wide range of stakeholders in the SME ecosystem, including founders, corporate professionals, and startup mentors, all of whom commended the book’s relevance in addressing common pitfalls facing Nigerian small businesses today.
