BusinessDay

Laurels for Lagos Business School

The Financial Times recently named Lagos Business School (LBS) as one of the top global business schools in its Executive Education 2022 ranking.

Lagos Business School’s custom executive education was ranked number one in Africa and among the top 50 in the world by the Financial Times (FT). This is the 14th consecutive year the school is featuring on the list.

The combined ranking, which evaluates the performance of top 50 business schools across the world in the areas of open enrolment and custom executive education, puts LBS at the 47th position.

On the custom ranking table, Lagos Business School came first in Africa. However, it holds the 41st spot globally, moving seven places up from its 48th position in 2019.

In open enrolment, LBS ranks among top business schools like University of Oxford, Saïd, and IESE Business School.

Being ranked 41st in the world and first in Africa is a laudable achievement that every Nigerian should be proud of. This is more so given the parlous state of Nigeria’s education sector in recent times.

We therefore implore the government to emulate the private education sector and invest massively to transform education in Nigeria

It is sad to recall here that for many years now, no Nigerian university has been able to fall within the first 50 universities in the world by various university rankings.

The University of Ibadan (UI), the highest ranked Nigerian university, has been ranked 1172nd in the world and the number one tertiary institution in Nigeria, with an overall score of 69.3 points by the Centre for World University Ranking in its 2022 report.

UI was followed closely by University of Nigeria (UNN), which was placed 1775th worldwide and second in the nation with 66.6 points.

Ranking 1924 in the world and third in the country is University of Lagos with 66.0 points, while Ahmadu Bello University, Zaria, ranked 1941, placing it as the fourth best institution in the nation.

For a very long time, Nigerian university education has been on the decline, especially with the incessant ASUU strikes and the lack of infrastructure beclouding tertiary institutions in the country.

The feat of Lagos Business School therefore demonstrates the high calibre of the faculty, programmes, teaching methods, and overall participant experience. As a result of the activities of the school’s faculty, who are industry experts, LBS has become an institute championing the drive for management excellence in Nigeria and beyond.

We celebrate this massive achievement of LBS in a time like this in the history of this country. It is a positive development and a ray of hope for the Nigerian education sector.

It is obvious that the private sector is the one driving education in the country. We have numerous private tertiary institutions doing massively well in various global rankings.

And this is a pointer to the fact that if the government could invest in education, there is evidence that the country has what it takes to excel academically.

Read also: LBS retains ranking in FT top 50 global business schools

We therefore implore the government to emulate the private education sector and invest massively to transform education in Nigeria.

Private universities such as Afe Babalola University, Bowen University, Covenant University, and Redeemer’s University of Nigeria, among others, are really doing well.

The Nigerian education policy makers and implementers need to understudy how this private sector is navigating its way in the murky economic waters of the country.

Lagos Business School is the graduate business school of Pan-Atlantic University, owned by the Pan-Atlantic University Foundation, a non-profit foundation registered in Nigeria.

LBS was founded in 1991 on inspirations from the teachings of St Josemaria Escrivá, the founder of Opus Dei.

This accomplishment is proof that LBS is Africa’s leading business school, providing high-quality business education among the world’s best.

Lagos Business School has provided the highest quality of management education to participants since its inception, and now appears on this exclusive ranking table for the 15th year in a row.

The Financial Times is the world’s leading business publication, and it publishes an annual list of the top executive education providers in the world based on programme and teaching quality, faculty excellence and diversity, international reach, and other factors. LBS is the only African business school in the top 50 this year, and the school improved its open enrolment position by 19 places.

LBS attracts hundreds of participants to its open enrolment and custom programmes annually. Its programmes are designed to meet the needs of diverse participants and in line with the rapid changes in Africa’s business environment. We therefore again say hearty congratulations to LBS. Here is hoping that the Nigerian State will borrow something positive from this positive instance of the LBS feat.

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