Power generation and distribution companies owe Nigerian banks N836.09bn amid the problems plaguing the sector since it was privatised over eight years ago. This is according to the Central Bank of Nigeria’s June 2022 data obtained by The Punch. While power generation firms and independent power producers owed banks N562.19bn, power transmission and distribution firms were indebted to the tune of N273.89bn. In November 2013, the nation’s distribution and generation companies were privatised through the Bureau of Public Enterprises, fetching about $3.2bn for the Federal Government. The Discos and Gencos were sold for $1.7bn and $1.5bn respectively. The Federal Government…

When AACo hired me as an advisor, they had a big problem to solve: No one in the US had interest in their product, Australian Wagyu beef, even though they were the world's largest producer of the delicacy and had won some very prestigious global competitions with it. That unfamiliarity caused steak-lovers in the US to stick to the much better-known USDA Prime and Japanese Wagyu, to the detriment of AACo's sales. The company's specific challenge reflects a critical obstacle any innovator faces when introducing their product or idea: Inertia, wherein people habitually favor what they know at the expense…