Category: Business

  • ‘More Nigerians now want to be certified facility managers’

    Why should facility managers be engaged to preserve infrastructures? This was the pivot of the talks at the Institute of Facility Management Association (IFMA) Nigeria’s second Award Night which held penultimate Friday at the Eko Hotels and Towers, Lagos.

    Highlighting the importance of facility management, the President of the institute, Engr. Tony Nzeaku said Nigeria has witnessed huge infrastructural challenges.

    “The 48 countries in Sub-Saharan Africa with over 800 million people generate roughly the same power as Spain with only 45 million people,” Nzeaku said.

    According to Nzeaku, there has to be a conscious effort to “sustain the existing stock of infrastructure while expeditiously working on the badly needed shortfall.”

    Failing to do this, Nzeaku warned that “the net effect of development and decline will render all efforts meaningless.”

    With the theme ‘Facility Management: The sustainable alternative for national infrastructural development’ the event drew major players in the facility management sector in Nigeria, Ghana, and Canada.

    It also featured presentation of awards to deserving persons and establishments.

    Awardees included Beachland Estate, Lagos (Best managed residential facility), Churchgate, Victoria Island, Lagos (Best managed office facility), Swiss Pharma, Dopemu, Lagos,(Best managed industrial facility), The Palms, Lekki, Lagos (Best managed retail facility), Le Meridien, Uyo, Akwa Ibom (Best managed hospitality facility), Civic Centre, Victoria island (Best managed events facility), and National Hospital, Abuja (Best managed health care facility). Others are the Ikoyi Club 1938 (Best managed recreational facility), Covenant University, Ota, Ogun (Best managed educational facility), Provast Nigeria Limited (Corporate member of the year), Alpha Mead Facilities Limited (Best corporate FM stakeholder, Lagos (Best public FM stakeholder), Jim Ovia (IFMA Nigeria Honours award), and Mr. Henry Ezulu (Best individual IFMA Nigeria member award).

    Addressing journalist, Adetokunbo Oso, representing Lagos Commissioner for environment, Tunji Bello said, “we all are facility managers.”

    “It has not been easy,” Nzeaku however said, to convince Nigerians to embrace facility management.

    “But, the reason why we have been encouraged to continue is that people take out money and pay to come and be certified facility managers. That’s because people are beginning to see that facility managers make a difference.”

    Managing Director of Briscoe Properties, Mrs. Folasade Hughes, an architect, described the retail market in Nigeria as emerging and chose to see the lacking infrastructures as opportunity for facility managers. “The maintenance awareness in Nigeria is emerging and that is a very good trend,” she said.

    Stating that the journey was just starting, Nzeaku said, “We’re really creating awareness in the field of facility management in Nigeria.”

    Apart from promoting professional involvement in facility management in Nigeria, some other achievements of IFMA in Nigeria is the introduction of the a Masters degree programme in Facilities Management being run by the University of Lagos as well as the Ahmadu Bello University, Zaria, which runs first and second degree programmes in facilities management.

    Describing the frequent building collapse as a ‘vicious cycle,’ Nzeaku said, “it is a function of corrupt nature that has pervaded all spheres in the country. Many people do not take care of what makes a building to stand. They compromise the materials, they compromise the design, they compromise everything and the building would collapse whether during construction or after some years.”

    And to Hughes, “cutting corners is what causes collapsed buildings, people patronising quacks. And the more it happens, the more we hope people don’ patronise non-professionals.”

    IFMA, a not-for-profit organisation, berthed in Nigeria in 1997 and over the years, it has grown to an institute with over 700 individual and 100 corporate members.

  • Celebrating 20 years of marketing excellence

    Celebrating 20 years of marketing excellence

    The Advertisers Association of Nigeria (ADVAN) rolled out the drums to celebrate its 20th anniversary in Lagos. It was a time for  critical evaluation of advertising and a projection into the future. RAJI ROTIMI reports. 

    Its plan in the next 20 years is to take advertising to greater heights. The past years have been bittersweet for Advertisers Association of Nigeria (ADVAN). The association celebrated the good and noted the not so good, with the intention of improving things. At the celebration of its 20th anniversary in Lagos last week, it took stock of where it is coming from and unveiled plans for the future.

    The event kicked-off with product exhibition from different manufacturers of consumer based products. A well decorated tent was set just beside the main event auditorium to house the different products up for the exhibition. Just at the entrance of the tent you are welcomed with a pack of Guinness latest addition “SNAPP”. In attendance were top shots in the marketing industry, from the Marketing Director of Promasidor, Kachi Onobogu, Marketing Director Guinness Nigeria Austin Ufuomba, Chief Executive Officer Shepherds Group Idy Enang and others.

    Though the event which was scheduled for three o’clock didn’t start until past six, with a comedian, Obuze trying hard to lighten-up the mood before the event commenced fully. The event started with the pioneer Vice President, Mrs Iquo Ukoh giving the welcome speech she started by pointing out the late start-up of the programme.

    She said: “We need a cure for lateness, in recent times, particularly the last two or three events she has attended had started late. We really need to do something to salvage this lateness disease that is gradually becoming a norm.”

    She welcomed everybody to the programme and promised attendees a night of pleasant memories. A short drive down the memory lane was done by the pioneer president of ADVAN, Niyi Babatunde according to him, he said: “ADVAN was born into a hostile environment. Pressure was coming from every direction, advertisers were in disarray, and it was a case of everyone for himself, God for us all.

    “Pressure on market prices, incessant rate increase in the media, depressed consumer purchasing power with low demand and an increasing competitive market, increased advertising budget to stimulate sales as advertising grew in importance in marketing oriented companies as a marketing mix element putting marketing professionals under severe pressure to justify advertising expenditures. All these were the fate of advertisers before the birth of the association.

    “Advertisers (mainly multinational marketing companies, a couple of banks and oil marketing companies) met in the then Lever Brothers, Apapa to midwife ADVAN, with the objective of providing a forum where advertisers could interact and exchange views on issues of common interest and work in concert with other stakeholders for the overall development and growth of the advertising industry.”

    To spice up the program was a performance from ace Nigerian artist, Tiwa Savage. A talk was delivered by Thelca Mbongue, senior analyst, Informa Telecoms and media UK who talked about optimizing mobile as an effective advertising platform. The next dinner talk was delivered by a finesse gentleman with matchless pedigree. The Managing Director Guinness Nigeria Mr. Seni Adetu started by acknowledging the efforts of the founding fathers for setting up such a novel association. He specifically commended the effort of the pioneer president Mr. Niyi Babatunde for his initiative.

    In his lecture entitled: ‘Advertiser 2032’, Adetu, the first Nigerian to head Guinness, expressed dissatisfaction with the performance of various advertisers in the country, charging them on the need to brace up so as to compete favourably with their global counterparts.

    According to him: “When it comes to being Advertiser of 2032, it is about how you create advertising that connects to the consumers, that creates consideration for the brand and makes that consideration works for conversion.”

    He said the world was changing and that no company would be ready to lower its standard “because we are Nigerians.”

    He said advertisers had held on to conventional way of advertising for too long due to lack of leadership and bearing.

    “People have been seeing advertising as business, whereas it is a profession. You need to put your way hard into it to make it work. That for me is what needs to change,” he said.

    Earlier, the current president of ADVAN, Kola Oyeyemi, who is also the General Manager, Consumer Marketing, MTN Nigeria, commended Babatunde adding that “if not for him, we would not be here”.

    Oyeyemi who said the body could not afford to rest now, emphasized the need to redefine the value proposition of the association so as to make it more attractive and appealing to non members.

    He expressed worry over how media organisations increase their rates without adequate consultation with ADVAN and other relevant bodies, since every organization usually had budget plan at the beginning of the year.

    “One issue that concerns ADVAN is the rate issue and we cannot shy away from it. The present executive is carrying out the crusade, it is not a war,” he said.

    While presenting the proposed ADVAN secretariat, he called on all members and other relevant bodies to support the association to make it a reality, adding that the building would not just be an office, but will also have event hall which would serve as source income for the association.

    In his reaction, the first president of the association, Mr Niyi Babatunde congratulated all ADVAN members for 20 years of existence and relevance in the advertising industry.

  • Star Time to Shine promo: The end

    And finally it came to an exciting end. After doling out fantastic gift prizes totaling 8.5 million to lucky winners all over the country, the Star Time To Shine promo, the biggest in the 63 year history of premium lager beer, Star finally came to a close. Though the promo may well be ended, the testimonies and exciting moments from the promo will continue to reverberate amongst winners.

    Ifeanyi Ejike was the first car winner of a brand new Toyota car. The 25-year-old student of the Institute of Management Technology practically opened the floodgates for other winners in the promo. “I am still speechless. I can’t believe that I am now a car owner just like that. This is the greatest day of my life,” Ejechi stated just as he took delivery of the car at the Lagos Corporate headquarters of Nigerian Breweries Plc., makers of Star lager beer.

    While he was obviously overjoyed to become a new car owner, Ejike is also relieved to put behind him what he described as the most tensed period of his life. According to him, he had to flee his home or three days because of fears that he would be robbed of his winning crown cork. “I ran away from my home for three days just because I was scared that the crown cork would be taken away from me. I was scared because my name was announced on national TV so everybody knew I was a winner,” he stated.

    Oluchi Otame is another student car winner in the Star Time To Shine promo. The 21-year-old student of the Ogun State Institute of Technology from Delta State became the first female to win a car in the promo. Her only problem is that she doesn’t know how to drive a car. “Now I have a car but I don’t know how to drive. That is my dilemma now. But that is no problem because I am going to start learning to drive immediately,” she said.

    However, it’s not an all student affair. David Nwankwo, a commercial driver based in Bauchi State, Glory Edem-Sam, a seamstress based in Akwa Ibom State, Augustine Odachi, a fuel pump assistant based in Ebonyi State and Ese Okarei a security guard residing in Warri, Delta State all joined the car owners club courtesy of the promo. Of the lot, Ese Okarei has the most compelling story. While other winners spent weeks amassing crown corks before winning their cars, all it took for the 27-year old native of Delta State was just one crown cork.

    “I believe that my winning this car is destiny. I am not exactly an alcoholic drinker. I only drink once in a while but when I heard about the promo, I took just a bottle of Star and I kept that crown cork. Two weeks later I received a call that I had won a car. I didn’t believe until they took me to Lagos to receive the car,” Okarie said.

    As for Innocent Eze, a trader based in Taraba State, it took a whopping 230 crown corks for him to become a car winner in the promo. According to the 42-year-old native of Anambra State, he literarily turned into a ‘Star crown cork collector’ before he could win the brand new car. “I thank God for this car. When I was busy collecting Star crown corks people laughed at me. Even my wife said something is wrong with me. Now I am a car owner and I am thankful for it,” Eze stated.

    The story of 24- year-old Ime Williams, who stays with his uncle, Bello Francis Kayode, readily brings to mind, the popular expression “division of labour’. Though he hardly takes alcohol, Ime Williams was genuinely interested in winning one of the cars in the promo. Luckily his uncle was a regular drinker of Star lager beer thus Williams resorted to collecting the crown corks whenever his uncle sent him to buy Star lager beer. “My uncle didn’t take the promo serious but I did. I would always take the crown corks from him and he didn’t mind giving it to me,” Williams explained.

    It took 10 crown corks for him to finally get the crown cork that got him a brand new car. Ime Willaims was recently at the Corporate Headquarters of Nigerian Breweries Plc., to take delivery of the brand new car. He was accompanied by his uncle, Francis Kayode. “I am happy for me. Sometimes I think that it could have been me driving away the car but I am happy that Willaims has this car to himself. I am also going to take a shot at winning a brand new car,” Kayode stated.

    Not all the winners in the Star Time To Shine promo were car winners. Some of them have had to make do with the instant prizes on offer. Samuel Okandeji, winner of N50,000 cash prize had the experience of his life courtesy of the promo. His experience sounds more like an action movie. “I took a dangerous trip to Port Harcourt from Warri where I stay just to be a part of the promo. At a point I had to get on a commercial motorcycle and I waded through flooded roads just to get to the draws,” Okandeji explained.

    Interestingly, he took with him all of the crown corks he had been collecting since the promo kicked off. He did make it to the draws even though he got there 10pm. And for his troubles, Okandeji was announced as the winner of N50,000 cash. His happiness notwithstanding, Okandeji’s eyes are firmly fixed on one of the Toyota Corolla cars up for grabs. “Yes I am happy. This N50, 000 is enough compensation for all of the stress that I went through to be at draws. This money will really go a long way for me ,” Okandeji stressed.

    Indeed thepromo has been a nationwide affair with draws held in six cities across the federation; Enugu, Lagos, Port Harcourt, Benin, Abuja and Benin. There has also being ample entertainment with some of Nigerian’s biggest comedians including Gandoki, Seyi Law and others entertaining revelers during the draws.

  • Nigerians to get worldclass service as iStore opens

    Accessibility to official Apple products will increase in Nigeria with the opening of the first iStore locally, iStore Ikeja Mall. This one-of-a-kind retail store will welcome its’ first customers today and make it more convenient for Nigerians to purchase Apple products and accessories.

    The iStore retail concept was first introduced in South Africa, where there are currently 13 stores in Johannesburg, Pretoria, Cape Town and Durban. These unique Apple destination stores offer innovative ideas regarding retail design, interactivity, customer service and support to provide an unrivaled shopping experience.

    “We are thrilled to be opening the first iStore in Nigeria, says Rutger-Jan van Spaandonk, iStore’s Executive Director.  iStore’s expert team and amazing customer service are the hallmarks of iStores throughout South Africa and we will strive to deliver the same in Nigeria”.

    iStore Ikeja Mall has been designed as a base for the Nigerian Apple community, where customers are encouraged to learn how to get the most out of their Apple products through hands-on product experiences and professional advice. Convenient free services such as in-store tech support and product setup and demonstrations will be available from a knowledgeable team of Apple heroes.

    In addition to these value added services, iStore Ikeja Mall will offer free training through a tailored programme that covers Apple hardware and software, which provide customers with the opportunity to get to know their Apple products better.

    Furthermore, iStore Ikeja Mall offers Apple enthusiasts the peace of mind that they are purchasing from an official channel partner approved by Apple. Customers are provided with the benefit that if any repair issues arise during the warranty term, the product will be repaired or replaced by an Apple Authorised Technician and there is a required level of support that is mandatory for Apple Authorised Resellers.

    In addition to support and the standard warranty, iStore Ikeja Mall will offer an extended warranty of one year free of charge for all iPads. The extra year of warranty extends the standard warranty to a two year period*. In order to qualify, customers must provide proof of purchase from iStore Ikeja Mall and register their iPad on www.isocietynigeria.com. More information is available on the extended warranty from www.isocietynigeria.com

    In celebration of the iStore Ikeja Mall opening, customers will get a free sleeve or cover with the purchase of any iPad or Macbook. Visit www.myistore.com.ng for more information and to download the voucher for this promotion that can be used during opening month.

  • Brandpower: Brand and perception redefined

    There are things known and there are things unknown, and in between are the doors of perception.’’ – Aldous Huxley

    “There is no truth, there is only perception.” – Gustav Flaubert.

    And my favorite: “There is no fixed physical reality, no single perception of the world, just numerous ways of interpreting world views as dictated by ones nervous system and the specific environment of our planetary existence. –Deepak Chopra.

    Perception is one word that means so much in the business of branding. It has myriads of definitions but all pointing to one direction. In simple definition, Perception is what you see or perceive about something or someone. Perceptions are simply how we organize, identify or interpret things, events and sights.

    Sometimes ago a test was carried out in a psychology class .the lecturer enter the classroom with a paint, he divided the classroom into two groups, Group A on the right hand side and group B on the left hand side. He then placed the painting in the middle. Group A saw an image of a beautiful lady, while group B saw the image of an ugly woman. When the lecturer asked the student what they saw, the student went into argument about what they saw. The lecturer then swapped their sitting position and of course their previous view about what they saw was replaced. The lecturer ended the class with a statement ’’What you see is greatly influenced by where you are standing’’. Change your position and you may see something else that is the greatest lesson you can learn about perception, its all about angles.

    The above story is an apt description or my experience when I first encountered the magazine (Brand power). The name of the magazine alone suggests the kind of journal it would likely be. To my surprise, it was far from it. I was expecting to see a typical advertising and marketing industry stories; rather, I saw stories that could be found in news magazines. My surprise could not be disguised. Speaking with the publishers /Editor-in-Chief Mr. Nnanke Harry willie he explained the concept behind the Magazine; according to him in an interview he said “I am a thorough breed brand management person, I have a background that spans two decades in the advertising industry. In my years as a marketing management practitioner, it occurred to me that if we all, and when I say we, I mean everybody, if Nigerians would just look at every issues from the brand management perspective, we would be much more fulfilled. Why do I say this, in Brand management we discover that a particular brand might have been managed over the years, centuries, decades, by different people, yet the brand would stay true to its essence. The reason for that is not far- fetched, for its best there are particular things that were put in place, I call it Brand architecture, it defines what the brand would look, feel, smell or even taste like. Now many people might come over the years to manage it but it stays true to its integrity of essence. So if we are able to see things from the brand management perspective in Nigeria, may be things would be better.”

    He further explained, “if only we could see Nigeria as a brand, with one goal, or direction while those in power see themselves as brand managers then the brand “Nigeria” might re-crystallize it slowly dissolving self” this thought actually informed the creation of the magazine Brand Power.

    Brand Power is actually news magazine only that the treatment or issues and reporting style differs from a conventional news magazine. It reports news and treat topical issues from a Brand management perspective. According to Nnanke, he said, “we are a notch magazine we don’t report the industry alone, we report the society. The mistake many people make is that they think consumers/corporate brands are the only types of brands that we have but NO, we have personality brand, Political brand and so on.”

    Taking another leap ahead of others, Brandpower has put together an Aawrd ceremony slated for December 7, 2012. This is to award not only consumers brand but also corporate brands, personality brands and political brands. The major criteria for picking is based on two platforms, first game changers and secondly vintage brands.

  • NAICOM to  enforce ‘no  premium no payment’ on govt’s properties

    NAICOM to enforce ‘no premium no payment’ on govt’s properties

    The National Insurance Commission (NAICOM) has threatened to withdraw insurance cover for government’s assets and properties until it pays its premiums.

    The Commissioner for Insurance, Mr Fola Daniel, stated this in Abuja yesterday at the sensitisation workshop on the implementation of ‘No premium No Cover’ rule for insurance stakeholders.

    He lamented that government agencies are the worst perpetrators of non-payment of insurance premiums.

    Daniel said there is growing concern in the industry over “the non-compliance with the provisions of the insurance Act in relation to payment of premium for the insurances of strategic government assets and property by Ministries Departments and Agencies (MDAs).”

    He said at different times government has been reminded of the need to show more commitment to the insurance of its assets by making adequate provisions for insurance in its annual budget.

  • Nigeria Thailand trade hits $1.4b

    Nigeria Thailand trade hits $1.4b

    The volume of trade between Nigeria and Thailand has increased by 30.29 per cent over the volume in 2010 to $1.4 billion in 2011, the Ambassador of Royal Kingdom of Thailand to Nigeria, Mr Somchai Powcharoen, has said.

    He spoke at a reception to mark the 85th Birthday Anniversary of King Bhumibol Adulyadej of Thailand in Abuja on Wednesday.

    According to him, the new record has made Nigeria to be the Thailand’s second largest trading partner in Africa.

    Expressing the hope that in the near future more Thai delegation would come to Nigeria, he said Thailand has also shared its experience in human resource development with Nigeria by providing training programmes for Nigerians.

    He said: “Diplomatic relations between the Federal Republic of Nigeria and the Kingdom of Thailand was established in 1962. Since then our friendship and cooperation has grown from strength to strength.”

    “In 2010 Deputy Prime Minister of Thailand did pay an official visit to Nigeria and participated in the 50th Anniversary of Nigerian Independence,” he stated.

    Lauding the virtues of King Bhumibol Adulyadej of Thailand for initiating numerous development projects in his country, he said: “These remarkable talents have earned His Majesty numerous international awards and recognition, among them the UNDP Human Development Lifetime Achievement Award and the World Intellectual Property Organization’s First Global Leader Award.”

  • Reps: SEC may get zero allocation

    Reps: SEC may get zero allocation

    The Securities and Exchange Commission (SEC) may end up without budgetary allocation in 2013.

    According to the House, it will have no dealings with the establishment, with Ms. Arunma Oteh as Director-General.

    Fielding questions from reporters on the 2013 budget defence by government Ministries, Departments and Agencies, Victor Ogene, Deputy Chairman of the House Committee on Media and Publicity, said the House was steadfast in its resolve that Ms. Oteh should be removed for not meeting the 15-year cognate experience provided for in the SEC Act.

    He said based on the resolution of the House on the SEC’s boss, there would be no interaction between the House and the SEC on the 2013 budget proposal.

    He said: “We made our findings and nobody has faulted those findings because they are based on law that says, you must have certain (15 cognate) years of experience in the Capital Market for you to head the Securities and Exchange Commission (SEC) and nobody has faulted that.

    “We remain resolute that the House of Representatives will have no dealings with the Securities and Exchange Commission under Arunma Oteh as Director General.”

    On Tuesday, the House Committee on Finance, headed by Abdumumin Jibrin walked officials of the SEC out of the hall in which a hearing on the remittances of operating surpluses of revenue generating agencies was being held.

    He insisted that the House has no business with the SEC and that the organisation must have been invited in error.

    A report of the House probe into the near collapse of the Capital Market indicted Ms. Oteh, mainly on her inexperience to head the Commission.

    The House report recommended her immediate removal. President Goodluck Jonathan is yet to comply with the resolution.

  • New contract rule may cost Nigeria $48b investments in oil industry

    New contract rule may cost Nigeria $48b investments in oil industry

    Investments in the oil and gas industry worth about $48 billion could be lost following the bid procedure adopted by the Nigerian National Petroleum Corporation (NNPC).

    The procedure has disregarded all due and standard processes in conducting bids for assets development in the industry.

    The NNPC, it was learnt, has disregarded all stages usually undergone during bid periods meant to ensure transparency.

    Under the present dispensation, the Corporation invites individual contractors directly to negotiate costs of contracts. Multinational oil companies have threatened to abandon some major projects, if the trend is not reversed.

    A letter said to emanate from the Group Executive Director, Exploration and Production, Abiye Membere, to the multinational companies last month, showed that with the bid system, contracts, including supply, engineering fabrication and construction, and procurement, among others, which usually go through the National Petroleum Investment Management Services (NAPIMS) and others before getting to the Group Managing Director, have been collapsed into one and superintended by Membere.

    In the letter, a source who spoke in confidence, said, Membere claimed that the new bid approach is meant to reduce cost of projects’ implementation.

    The source said the multinationals frowned at the development because it doesn’t support the sanctity of agreement on contracts.

    If the multinationals make good their threat, the ExxonMobil’s Erha North Phase 2 put at $5 billion, and Satellite fields Phase 2 also estimated at about $5 billion, Shells Bonga SW/NW estimated $8 billion, Total’s Egina field put at about $8 billion, Chevron’s Funiwa Gas Project estimated at $3 billion, Brass LNG estimated at between $12 million – $15 million and Nsiko project also put at about $4 billion, bringing the total projects threatened for abandonment to about $48 billion.

    When our correspondent contacted, Membere, he only replied: “Who said that?”

  • Fed Govt, states defend $7.9b external loan

    Fed Govt, states defend $7.9b external loan

    Federal and state governments yesterday defended their requests for approval to borrow over $7.9 billion at the Senate.

    Out of the amount, the Federal Government is seeking Senate’s nod to borrow $4,846.3 billion while some state governments applied for approval for a loan of $3,059.39 billion.

    Chairman, Senate Committee on Local and Foreign Debts, Senator Ehigie Uzamere, explained that the purpose of the loan defence was to know the amount federal and state governments applied to borrow.

    Uzamere also said his committee wanted to ensure that the loans were tied to specific projects.

    He noted that it was necessary for the Senate to be fully briefed on the details of the loans to enable Senators take informed decision on the approval or otherwise of the loans.

    He said it was necessary for Nigerians to know what the loans were meant for.

    Uzamere assured that his committee would do justice to the requests before writing its report for the consideration of the Senate.

    Minister of State for Finance, Yerima Ngama said the Ministry of Finance does not want to allow states to negotiate the terms of the loans.

    Ngama noted that what the Minister of Finance and Coordinating Minister for the Economy, Mrs. Ngozi Okonjo-Iweala, did was to negotiate general terms of borrowing for states.

    He said a situation where states would be given verifying terms of repayment would not arise.

    He said it was not true that the loan portfolio of the country is high.

    The minister, who noted that Okonjo-Iweala secured concessions for the loans, added that some of the loans were granted at zero per cent.

    Commissioners of Finance of some states represented their states at the meeting.