Nosak Group, a diversified business group with interests in agriculture, manufacturing, logistics, pharmaceuticals and supermarket, recently held a two-day management retreat in Lagos.
Speaking at the event, the Chairman, Dr. Toni Ogunbor, said hard work and commitment are essential values that can take the company to a higher level.
Enjoining staff to be focused and achieve the company’s objectives, he noted that the global economic recession that occurred about 10 years ago is still having its negative effect in many countries’ economy, including Nigeria. He added that the 2009 banking sector reforms carried out by then CBN Governor, Malam Sanusi Lamido Sanusi (now Emir of Kano) aimed at strengthening Nigerian banks, but in the end it saw stronger banks taking over weaker ones.
Commending staff for their cooperation during the company’s trying period, he stated that Nosak Group has built structures that help it ‘weather the storm,’ saying that over 80 per cent of businesses lost out during the global recession, but Nosak Group survived, as a result of judicious management of its resources and the diversification of its business interests. Urging members to embrace hard work, the Group Chief Operating Officer, Mr. Thomas Oloriegbe, said doing this would enable staff to run with the company’s vision and mission statement of fostering an environment of success.
Highlight of the event was the introduction of Nosak Family Pure Vegetable Oil.
Speaking on the product, Managing Director, Nosak Farm Produce, Mr. Robert Ogiri, said although there is stiff competition in the vegetable oil sector in the country, the company’s latest product would lead others because of its premium nature. Ogiri disclosed that the product is cholesterol free and has zero trans fat, apart from its triple filter.