SME Spotlight: Matog Consulting

Matog Consulting is a management consulting company located in Lagos. It provides business development services to SMEs and startups in Nigeria. Its focus areas range from risk management, corporate governance and board evaluation, to loan restructuring, business restructuring, and financial advisory.

Matog Consulting has been involved in business consulting for more than thirteen years. It was founded by Mathew Ogagavworia, an experienced accountant and an Associate of the Nigerian Institute of Management (ANIM). He also had significant working stints in the banking and asset management industries. Matthew leverages his competencies in his running of the firm, and has led it to expand its operations and suite of offerings over the years.

The consulting services on offer from Matog include business name registration (which it undertakes with the Corporate Affairs Commission on behalf of its client businesses) and audit and assurance. Matog helps firms to prepare their financial statements, examines their accounts to identify areas with growth potential, and lets them know when there are changes to laws that concern them. Some of its services in this category are special audits, forensic audits, regulatory compliance, and due diligence.

Matog helps businesses with their human capital needs as well. Companies seeking to outsource roles that are not at the core of their operations can get Matog to take them on. It can set up Human Resource units, design their organizational structure, create job descriptions, and execute its preferred human resource practices.

Tax services available from Matog cover Corporate Income Tax, Value Added Tax (VAT), customs duty, Personal Income Tax, and Withholding Tax. It provides tax compliance and advisory services to firms across several industries and enables its clients to restructure transactions so that the taxes that apply are within manageable limits.

Matog works with organizations to fashion and implements growth strategies. It draws up financial management plans and determines financial policy for enterprises; creates capital and revenue budgets; and conducts GAP, SWOT, and Product Life Cycle analyses. It also assists with determining the right pricing models for products and services and develops business policy and growth plans for small, medium scale and larger companies.

Besides delivering these solutions, Matog runs an advisory practice that helps clients comply with new accounting standards. It works to ensure that businesses’ accounting systems are in line with their broader growth aims. Its advisory service covers International Financial Reporting Standards (IFRS) conversion, accounts reconciliation, bookkeeping, post-combination accounting integration, and external reporting.

As a business development service provider, Matog often works with development financial institutions (such as the World Bank, the Bank of Industry, and SMEDAN, to mention a few) to meet their needs for equipment financing and capital procurement. In addition to this, it aids would-be entrepreneurs with coaching, mentoring, growth planning, and access to markets.

The team at Matog describes the company as a growing medium-scale organization. There’s still a lot of room for it to expand, but it’s already making a considerable impact. Thanks to the work that it does, many businesses have seen a marked improvement in their setup and operations.