Poor financial records and cash flow problems are crippling Nigerian businesses, SWAN says

The Society of Women Accountants of Nigeria (SWAN) identified poor bookkeeping, weak cash flow management, ineffective pricing and limited understanding of profitability as factors undermining Nigerian businesses. At a workshop held Thursday at the ICAN Annex in Ebute-Metta, Lagos, planning committee chair Ruth Jawo said practical financial skills can help entrepreneurs make informed decisions and achieve sustainable growth. SWAN national chair Blessing Osakwe-Ogo noted that businesses can make daily sales yet struggle to meet their obligations because their records are inadequate or poorly understood.