Home NEWS To Survive Distressed Economy, Embrace Saving Culture, Eagle Online Publisher Advises

To Survive Distressed Economy, Embrace Saving Culture, Eagle Online Publisher Advises

The Managing Editor/CEO of Premium Eagle Media Limited, publishers of The Eagle Online newspaper, Dotun Oladipo, has advised Nigerians to embrace saving culture as one of the strategic approaches to survive what he called “current distressed economy.”
Dotun, who spoke yesterday, January 30 at the 2022 Annual General Meeting (AGM) of a non-governmental organisation, Ikhwan Mutual Forum, in Lagos, emphasized cultivation of saving culture, no matter how small the amount, would impact positively on a family in the long run.
Dotun Oladipo, who is the immediate past President of the Guild of Corporate Online Publishers (GOCOP), discussed the theme: “Surviving the challenges of Family Upkeep, Harsh Economy and Rising Cost of Living.”
He said that for every family to survive and thrive under the harsh economy, serious attention must always be paid to daily cost at homes and in the offices, with a view to whittling down expenses and maximise the benefits of every spending.
The media entrepreneur stressed that the country’s present economic situation did not permit only husband to belong to the working class, but it is more advisable that both couple are productively engaged and empowered.
He said that the family must be calculative in going about this, adding that aspiration for one of the couple to be self-employed was very key so as to really reap the benefits of the self-reliance.
For the couple to be calculative, The Eagle Online Publisher restated: “One of the two, (husband or wife) should be free, be self-employed to make more money.”
The publisher took a look at the effects of factors such as climate change and health challenges on socio-economic life and declared that the global financial system is not getting better.
He said that such should be the reason why the heads of families should be self-disciplined in thought and prudent in spending.
The media practitioner said that individuals must be realistic and disciplined in their finances, adding that nobody could be too big than his source of income.
Dotun Oladipo said that to forge ahead in this hard time, Nigerians should be creative, work out better alternatives, avoid imitating others blindly as well as not being wasteful.
This was even as an Assistant Director in the Lagos State Ministry of Information and Strategy, Alhaji Abdul Razzak Misbahudeen, said that the state of the economy in the country called for families to be prudent in spending, focus on needs instead of wants, as well as prepare the family’s budget.
Alhaji MIsbahudeen advised members of the Ikhwan Mutual Forum to device collective efforts for individuals to cater for their needs.
Working on alternative sources of income that can take care of heavy expenses, he advised, is also a positive approach under the troubled economy.
He advised parents to encourage their wards to acquire vocational skills, side by side with the formal education, adding that the young ones should be trained to aspire to be job creators.
In attendance at the event, which featured the group’s first business session for the new year, were the Group Business Deputy Editor of The Nation newspaper and Coordinator of the group, Alhaji Taofik Salako; Tajudeen Balogun, Deputy Editor, The Eagle Online and the group’s Secretary; a Public Relations expert and part time-Lecturer at the Lagos State Polytechnic, Abdul Ganiyu Olowu; Alhaji Abdul Wasiu Yusuff, a school administrator; Abdul Wasiu Oyeniyi; Abdul Akeem Adeleke; Dhikrullahi Alimi; and private entrepreneurs among other members and participants.
Also in attendance was the wife of the Publisher of The Eagle Online, who is also the Deputy Chief Executive Officer of Premium Eagle Media Limited and CEO of Aya’ba Stores, Mrs. Taiwo Oladipo.

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