Tag: Boosting

  • Reps praise NIPCO for boosting downstream

    Reps praise NIPCO for boosting downstream

    The House of Representatives Committee on Petroleum Resources (Downstream) has commended NIPCO for its acquisition of ExxonMobil’s 60 per cent equity in Mobil Oil Nigeria Plc.

    According to the lawmakers, the acquisition has demystified the impression of International Oil Companies (IOCs) that it is difficult for indigenous oil companies to market petroleum products.

    Committee Chairman Hon. Joseph Akinlaja made the commendation when the committee visited  NIPCO Plc headquarters in Lagos. He said the feat is a boost for higher indigenous stake in the oil and gas industry.

    “There is no rocket science in selling white products as the pioneer foreign companies make it look like it is an impossible terrain due to their monopoly in the market.

    “Among the seven foreign companies that ventured into the downstream sector, only Total Plc still remains. Others have yielded their stakes to indigenous companies,” Akinlaja said.

    According to him, NIPCO, by acquiring Mobil Oil, has expanded its horizon and impacted the downstream sector as a key player. He noted that as an indigenous company, NIPCO has performed creditably, despite that it is young in the sector. He added that the Green Chamber was proud of the organisation for its local content exploits.

    Akinlaja said despite the recession, the company has not sacked any worker and still maintains good housekeeping and high standards.

    He also commended the robust presentation of the company at the  public hearing of the House of Representatives on kerosene explosions, adding that the visit was to see for themselves the practicability of the suggestions based on NIPCO’s modus operandi in the handling of the product.

    NIPCO Group Managing Director Mr. Venkataraman Venkatapathy said the company has become the first indigenous downstream outfit to have high influx of retail outlets of white products and liquefied petroleum gas (LPG) to its name.

    “It is also a proud achievement that NIPCO won the bid to acquire Mobil Plc not only because of our push but, amongst all, we were seen as a company whose technical, safety and experienced manpower is very high and is on records,” he said.

    Venkatapathy noted that despite high recession, employees’ jobs were maintained with no retrenchment of any sort from NIPCO, and, more importantly, the company had reinvested its profit in the country.

    NIPCO’s Group Executive Director, Alhaji Abdulkadir Aminu, said stakeholders should come together to state their challenges and analyse in documentation the aspects which the Federal Government could do and also the private sector could do to participate effectively in the hydrocarbon industry .

    He assured that NIPCO, which prides itself as the only marketing company that gave the highest equity participation to marketers in the ownership of the company, would never let Nigerians down. “We will also increase our participation in the oil and gas industry in all aspects as we add value to the common man through our various corporate social responsibility (CSR) programmes,” he said.

  • Boosting local football league marketing appeal

    Boosting local football league marketing appeal

    Since the kick-off of this year’s Nigeria Professional Football League season, there has not been a title sponsor. To enhance the brand profile of the league, Nigerian Breweries has injected its marketing investment into it, positioning its premium brand,  Star Lager beer, as the official beer of the Nigerian football league, reports ADEDEJI ADEMIGBUJI.

    As the economy continues to slide, especially with recent admission by the Minister of Finance, Mrs. Kemi Adeosun, that Nigeria is technically in recession, the questions marketers and brand managers need to answer  are: How to invest wisely in brand building, where to use as point of exposure to engage consumers beyond the traditional platforms, and when to invest and achieve an impactful mileage for their brands?

    The economic challenges have forced some brands to rethink how to survive amidst the continued decline of the economy, to stop their marketing efforts sliding to almost zero level.

    Operators said the tough operating environment has forced a leading telco to cancel its entire billboard advert placement in Nigeria – a development that showed sliding marketing budget.

    Nielsen West Africa Managing Director Mr. Lampe Omoyele, in a marketing survey by Nielsen, a global marketing research firm, said the economy’s downturn presented brand managers ample opportunity to deploy more marketing campaigns.

    At an event organised by advertisers, he said brands should be innovative, and corporations should look for where to place their brands to derive  optimum value for marketing expenditure rather than withdrawing from marketing in the name of tight budget occasioned by market malady.

    Yielding to this advice, Nigerian Breweries shocked the marketing industry on Tuesday when it announced a major sponsorship deal with the Nigerian Professional Football League (NPLF), run by the League Management Company (LMC). The sponsorship is expected to position NB’s premium brand Star Larger beer as the official beer of the Nigerian League. Banking on an average of 8,000 fans (according to 2014/15 season fan review) that attended games, the brand is expected to ride on the impressions the league enjoys, especially via its growing digital interest.

    According to Keyhole, a real-time hashtag tracker for Twitter, Instagram and Facebook, the NPFL enjoys an average of 500 posts with four million impressions on Twitter every weekend.

    The sponsorship, according to a media buyer, would also offer Star Larger beer an opportunity to reach about 30 million TV football  audiences, who watch local leagues both in Nigeria and abroad via digital and online TV.

    The brand is also expected to leverage on the growing emotional factor in the Nigerian league to bond with its consumers. For instance, there is a growing interest among families who attend local league matches in their bright club replica jerseys due to enhanced security at venues across the country.

    Touted as having the biggest crowd for domestic football in Nigeria, for more than 15 years and expected to rise this year, the league has become more competitive as clubs now chase points, leading to greater excitement for the fans – the biggest stakeholders who are the core target consumers of most brands.

    Over the years, there has been a chasm in football sponsorship in Nigeria. Unlike its European league counterparts that enjoy sponsorship on all their properties, such as TV right, sports arena advertising hoardings, Jersey, and league naming, among others, the Nigerian league has had  tough times in attracting sponsorships from various brands.

    “The NPFL, like many important leagues across the world, needs big corporate organisations to support its message of youth empowerment – at least 700 footballers are employed across the 20 club sides in the league,” said LMC Chairman, Shehu Dikko.

    Having enjoyed a great deal of sponsorship from Globacom, other brands have not been forthcoming, especially at this critical period when the brands are cutting marketing budget because of market realities. While some do not see the opportunities in coming on board, Star has defied the marketing challenges, economic recession and threw its marketing fund to support the league.

    ”This partnership agreement with Star shows that there is an opportunity for corporate Nigeria in our league and we hope that many more organisations will take advantage of football to reach their target market as we continue to build an attractive league,” said Dikko.

     

    Need for brand support

    However, due to the fact that more than 70 per cent of clubs are still owned by state governments, player salaries are hampered by the financial insolvency of many governments across the country.

     

    Leverage for brands

    Still, there have been more positives than negatives on the domestic scene, which has seen brand impressions grow digitally with increased interest. This, however, informs why Star Lager beer, Nigeria’s first indigenous beer, decided to support the growing local success story to push it beyond its current reach.

    “We’re excited to sign this agreement with the LMC that sees us become Official Beer of the NPFL for the next four seasons. It’s a partnership that we expect to bring excitement to Nigerian football and the fans who love the domestic game,” said Managing Director, Nigeria Breweries, Nicolas Vervelde.

    With a massive investment in the NPFL through this new partnership, Star will be able to connect its message of vibrancy and excitement with football fans across the country.

    The partnership will see STAR provide excitement to fans during matches through activations, music and fun games at match venues. Fans will be able to win signed memorabilia, replica match balls and jerseys as well as key rings.

    For many that have complained about the lack of entertainment after matches, Star’s experience with music would ensure there’s never a dull moment post-match.

  • Council explores means of boosting IGR

    The Executive Secretary of Amuwo-Odofin Local Government Area of Lagos State, Deaconess Modupe Ajibola-Ojodu has urged local governments to concentrate more on enhancing their internally-generated revenue (IGR).

    She spoke during this year’s local government budget appraisal retreat preparatory to planning the council’s budget for next year. The retreat held at the Jata Events and Resorts Lagos.

    Deaconess Ajibola-Ojodu noted “we are gathered here to critically reflect on our past performances, X-ray our present position, and realistically project our future.”

    She hinted that this year’s budget performance is not too encouraging, even as she urged the revenue collectors of the local government to look inwards and improve on the dwindling IGR.

    “Everybody needs to pay their taxes and rates. It is mandatory. We will use all legal means to collect our revenues from defaulters. We will also use massive public enlightenment on revenue generation”, she said.

    The Director of Planning, Ministry of Local Government and Community Affairs, Mr. Hakeem Balogun advised the local government to adopt pro-active strategy to push up the IGR of the local government, so that the people will feel the dividends of democracy.

    Meanwhile, the Head of Administration of the local government, Alhaji Shakiru Omotayo noted that government cannot perform its constitutional role, and the desired dividends of democracy cannot be achieved, if we negate the payment of rates and levies as enshrined in our constitution.

    He, therefore, appealed to defaulters to assist the government in realising its set goals and objectives for the citizens.

     

  • Boosting health with mobile phone

    Boosting health with mobile phone

    The mobile phone technology is fast providing answers to the challenges facing the human race, simplifying processes. Already, there are some wearable devices in the market. Fitbit Flex is one of them. It is a band strapped around the user’s wrist and tracks how many steps he takes, the distance he travels and how many calories he burns. Mobile health is gaining traction, writes LUCAS AJANAKU.

    A major challenge facing Nigeria, like other developing countries, is how to improve access to quality health care for the entire population. This is the principal reason that motivated the idea of health insurance which the Federal Government has pursued vigorously in the last one decade or so.

    Indeed, it is the way to go. The World Health Organisation (WHO) in a recent report said, “A health system where individuals have to pay out of their own pockets at the moment of seeking treatment restricts access to only those who can afford it, and is likely to exclude the poorest members of the society.”

    Even a fairly comfortable man may find that he does not have enough money in his account at the exact time he falls sick, especially when the sickness happens towards the end of the month when he has finished spending his last salary.

    This is why, across the world, a broad range of risk-pooling mechanisms or insurance schemes are increasingly being utilised to boost populations’ access to health care and reduce the financial burden of health services.

    However, as laudable as the health insurance is, it has not been embraced by the populace as expected. The Federal Government is working on the target of providing health insurance for at least 30 per cent of Nigerians by the end of this year.

    Globacom has taken a giant step in assisting the Federal Government to achieve this target by introducing what it called the Glo Mobile Health Insurance Scheme. The package is put together in partnership with the Nigerian Health Insurance Scheme (NHIS) and Salt and Einstein MTS.

    The mobile health insurance product was unveiled in Abuja recently by top Globacom officials and senior officials of the National Health Insurance Scheme (NHIS).

    According to Globacom, this product is aimed at bringing health care to millions of Nigerians through their telephone handsets. The scheme will guarantee Globacom customers free and easy-to-access consultation and medication in over 8,000 hospitals across the country. It will open a viable avenue for millions of people to come under the health insurance coverage, enabling them to sign up to one of the many Health Management Organisations accommodated in the scheme.

    To benefit from this package, Globacom subscribers need to do dial *616# on their mobile phones and they will instantly be placed on the Glo Health platform after a simple registration process.

    Once subscribed, they will be able to use their mobile phones for a range of pre-defined medical treatments for which affordable premiums are remitted through the subscribers’ mobile phone credit.

    The package also comes with supply of drugs free from NHIS accredited operators across the country for subscribers who are consistent in the payment of their premiums for the first three months.

    The premiums have been deliberately made affordable for virtually everyone. Subscribers can pay N35 per day, N250 per week or N1000 per month to qualify to benefit from the mobile insurance package.

    “We do not know when we will fall sick and require medical attention. The beauty of health insurance is that it takes away the burden of worrying whether you will have any money left in your account or in your wallet when next you fall sick. With health insurance cover, anytime you fall sick, you can rest assured that you will have access to quality medical treatment even if you have nothing left in your wallet or in your bank account,” said Globacom’s Regional Chief Marketing Officer, Mr. Ashok Israni.

    According to him, there are millions of Nigerians yet to tap into the immense benefits of health insurance. He said the initiative would open a viable avenue for some of these people to come under the health insurance coverage, enabling them to sign up for one of the many Health Management Organisations accommodated in the scheme.

    He said the product will go a long way in realizing the national objective of extending health insurance to Nigerians regardless of their financial status or social class.

    “Together with our partners, Salt & Einstein MTS and NHIS, Globacom is committed to achieving universal health coverage for all Nigerians within the shortest time possible,” Israni added.

    The Chairman of Salt and Einstein MTS, Ernest Ndukwe, said the scheme would reduce the fear of the cost of health care among the populace. According to him, many Nigerians are typically afraid of going to the hospital when they are ill, but with the product, that fear has been removed. He praised Globacom for its efforts in midwifing the scheme.

    The Executive Secretary of NHIS, Dr. Femi Thomas, said the beauty of the scheme is that the health care cost of one person is shared by all subscribers such that the financial burden is virtually lifted off . He commended Globacom for providing its infrastructure for the project.

  • Boosting women entrepreneurship

    The United States Consulate, Lagos has held a forum for the promotion of women entrepreneurship to reduce poverty. DANIEL ESSIET reports.

    The United States Consulate  believes that getting more women to embrace entrepreneurship will boost the economy.

    To this end, it organised a workshop on promoting women’s entrepreneurship.

    The event had as theme: “Starting a new business: Lessons from businesses that took the right steps.”

    The Public Diplomacy Officer, U.S. Consulate-General, Lagos, Ms Rhonda Watson, delivered the keynote address.

    The lead discussants were Lucy Kanu, executive director, Idea Builders Initiative and Chichi Okafor, coordinator, Inspiring Girls Now in Technology Evolution (IGNITE).

    The workshop started by showcasing a documentary on two businesses, which have grown since their inception.

    One  of the  documentaries at the event was on Sara Blakely, the youngest self-made woman on the Forbes’Billionaire List. She  started as a sales trainer by day and stand-up comedian at night.

    But, she failed  as  a stand-up comedian. One day, she  suffered from the heat of Florida, and  needed pantyhose to wear .

    She started researching on fabrics at night and eventually designed a product she liked. ”

    One thing that is outstanding when she first had the idea for butt-flattering pantyhose, was that  she didn’t quit her day job selling fax machines. For two years, she  hawked office products nine to five on weekdays and sold pantyhose on nights and weekends. She didn’t resign until she was fairly confident her entrepreneurial venture would take off.

    What gave her that confidence to  launch out was when Oprah Winfrey  picked up  and  announced  on  television  that  Spanx as one of her “favourite things.”Blakely said  that did the magic. From then on, demand skyrocketed and the  product became a nationwide  success.

    •Blakely
    •Blakely

    Blakely said her energy and inspiration comes from inventing and enhancing products that promote comfort and confidence for women.

    Speaking  after  the participants watched the documentary, Ms Watson said the story of Blakely  presents a lesson that Nigerian women entrepreneurs must  learn. Though  faced with multiple rejections trying to launch her products, she didn’t cave in. She pushed on.

    Ms Watson stressed that entrepreneurship is key to closing that gap as it gives women control and ownership, but they need greater support to tap into this economic driver.

    She observed, however, that  there were impediments to women’s participation in trade and SMEs’ growth, adding that these undermined job creation and economic growth.

    She  reiterated that  entrepreneurial women would be a critical part of an economy, adding that they   had  demonstrated their ability to generate substantial revenue, employ people in their communities, and be a tool of economic mobility for their families.

    Ms Watson called  on women and as well as entrepreneurs to look beyond the challenges and be persistent with their ideas.

    Mrs  Kanu, whose  achievements have been recognised several times, including her selection to join the Fortune/United States ‘State Department Global Women’s Mentoring Partnership, said while women entrepreneurs have great potential to make significant contributions to the economy,  a lot needs to be done to ensure  their   potential are nurtured  to promote growth and innovation.

    She urged women to take advantage of emerging opportunities to equip themselves  with the skills and capacities  needed to get to the next level in their entrepreneurial journey and  shared future.

    Stressing the need for constant development, Mrs Kanu urged entrepreneurs to research on better ways to improve their products and services.

    Okafor said many women entrepreneurs faced many gender-based barriers in starting and growing their businesses.

    She said women-owned small and medium-sized enterprises (SMEs) faced difficulties in getting access to finance and land, have poor managerial skills and limited opportunities for business development training and networking.

    •Ms Waton addressing participants at the event.
    •Ms Waton addressing participants at the event.

    The  restricted movement of women because of their  reproductive role, she  noted,  had kept most women poor.

    According to her, economic empowerment of women  will  play a pivotal role in ensuring their right to  an adequate standard of living.

    She  urged women  to take measures to address the situation by  establishing micro and small enterprises, which will benefit  them and create sustainable employment opportunities.

    According to her, success is  possible and  that  it  was high   time the  women  took  the challenge  to build a future for themselves.

    During the  event,  women entrepreneurs told  stories of  their challenges and how to build  successful businesses.

    Among the challenges they recalled were lack of access to finance, work-family balance, glass ceilings, male-dominated industries and gender discrimination.

  • Is Baga visit boosting Jonathan’s reputation?

    Is Baga visit boosting Jonathan’s reputation?

    Faced with declining brand and reputation equity, President Goodluck Jonathan hopped onto an aircraft and headed for Baga, one of the Northeast towns retaken from Boko Haram. Will the visit raise the Commander-in-Chief’s profile? Brand experts are divided on this, writes ADEDEJI ADEMIGBUJI.

    Abrand analyst and blogger, Ugochukwu Ezeagwula, foresaw in his article on January 17, 2012 that by 2015, President Goodluck Jonathan would lose his reputation equity and thwart his party’s chance in for the general election campaign.

    Ezeagwula wrote against the backdrop of Jonathan’s unimaginable share of minds in the 2011 elections victory, especially among the youth whom he captured through the social media. But certain policies, which the President undertook some years ago and their chain reactions appear to have been his Achilles’ heels in the campaign.

    “The implication of this loss of brand equity will definitely reflect in the performance of his political party at the 2015 general elections. Even if Mr President does anything remarkable and tangible to redeem his image within the next three years, it will only take the grace of God, the sheer forgetfulness of Nigerians and the bite of luck that he has experienced all through his life to regain this lost brand equity,” Ezeagwula wrote.

    “A brand that has lost the trust and loyalty of its consumers cannot think that the best way to earn back these key ingredients of its brand equity is to increase the price of its product without improving on its functional attributes. Neither is it sensible to attempt to increase the price of the product before improving on its functional attributes, which is exactly what the Federal Government has done,” he concluded.

    Four years down the line, the brand loyality that gave him huge votes seemed to have dwindled going by a growing dissonance among his brand consumers in some key geo-political zones.

    For instance, Jonathan pulled over 2.7 million share of votes in Southwest as against Buhari’s 321,609 in the same geo-political zones. His dwindled reputation obviously stemmed from the removal of subsidy on January 1, 2012, when Nigerians were in festive moods of Xmas and the New Year. His action led to nationwide protest and made those who voted for him feel betrayed like a consumers, who had parted with money for a product and ended being dissonance.

    The reputation loss was further worsened by the inability of his team to suppress raging insurgency and its attendant bombing. The series of kidnapping of young boys and girls, loss of lives to Boko Haram until the kidnap of the Chibok girls saga dragged the government global perception rating into the red line, prompting world leaders, the media and celebrities to cry out with an # tag BringBackOurGirls.

    However, these issues undoubtedly are making it difficult for the President to a roller-coaster re-election bid this year as predicted by Ezeagwula.

    Two weeks to election, Jonathan’s new military offensive on the insurgents appeared to be shoring his image after the military had been equipped with  more weapons and strategic cooperation with neihgboruing countries such as Chad, Niger and Cameroun to end the militants’ tenancy in  the Sambisa forest.

     

    Will the onslaught reverse Jonathan’s reputation?

    To some of his loyalist, the success being recorded is key to his bid, especially with the postponement of the election, which gives the President an ample time to regain his lost reputation that gave him the seat four years ago. The commendation that came after the military bombardment of the insurgents has been torrential, even from members of the opposition party. Prompted by a motion of urgent national importance moved by Hon. Muhammad Tahir Monguno of All Progressives Congress (APC), Borno State, the House praised the military for its bravery and steadfastness, noting that in the previous months, Boko Haram nearly overrun Borno State.  The tide, according to Monguno, is now turning against the insurgents as a result of the gallantry of the soldiers.

    Also, Jonathan is being scored high by some economic experts. “The truth is that when placed on a dispassionate measurement platform, President Jonathan has recorded more accomplishments than people are willing to give him credits for,” said the Chairman, African Centre for Business Development, Strategy and Innovation, Sam Ohuabunwa, in his article  in a business paper. “In the years Jonathan has been president, our economy has grown between six and seven percent per annum. This is one of the highest growth rates in the world,” Ohuabunwa said.

    Against his renewed efforts to rebuild his reputation, brands and communication experts are divided if the efforts will rejig his brand equity. A top manager at Caritas Communication, a reputation management and brand development agency, Robert Utiko, said the president has regained his reputational equity. “It has helped GEJ regain lost reputational equity. The military has been proactive, posting updates on it successes in the campaign. GEJ has visited the troops on the battlefield to encourage them. GEJ is gradually being projected as a leader, who can take tough decisions,” he said.

    But a Managing Partner at Radi8, a PR agency, Mr. Toni Kan, believed otherwise. “There are many things that can erode a brand. In Jonathan’s case Chibok and Boko Haram have been key brand erosion. So, it follows that winning the war against Boko Haram will help with his brand equity. What the Boko Haram insurgency has done is to show the CEO of Brand Nigeria as an incompetent and incompetence has a negative impact on public perception, which then affects the brand.”

    While the efforts appeared enough to redeem the president’s reputation equity, the Managing Director/Chief Executive Officer at Ashton&Layton and former communication manager at Cadbury, Mr. Gbenga Adebija, said GEJ renewed positioning has limited gain because the timing is late. “Timing is a critical factor in any brand building initiative and so it is difficult to forsee any significant benefits to the GEJ brand, especially because in the view of major stakeholders, the military onslaught against the insurgents is obviously orchestrated for political reasons.

    “A brand equity is significantly enhanced when it’s objectives are seen as altruistic or at least not so transparently driven by personal motives. Brand GEJ also brought the bells and whistles with the military attire, dark shades and swagger stick, but the dysfunctional timing means limited gains to the brand Jonathan. At best, the Sambisa military initiative provided a platform for GEJ supporters to cheer, but in terms of actually winning over doubters and increasing the number of GEJ brand ambassadors, the benefits are definitely at lilliputian levels,” said Adebija.

    A manager at Hi-Media Network, Mr. Sanjo Oyekan, said it was too late for anyone to judge the result on the president image building effort because this has worked for some personality brand in the political sphere in the past.

    Wether the onslaught will add up and contribute little or nothing to his reputation and brand equity, time will tell on March 28 when the election holds.

  • Is Baga visit boosting Jonathan’s reputation?

    Is Baga visit boosting Jonathan’s reputation?

    Faced with declining brand and reputation equity, President Goodluck Jonathan hopped onto an aircraft and headed for Baga, one of the Northeast towns retaken from Boko Haram. Will the visit raise the Commander-in-Chief’s profile? Brand experts are divided on this, writes ADEDEJI ADEMIGBUJI.

    brand analyst and blogger, Ugochukwu Ezeagwula, foresaw in his article on January 17, 2012 that by 2015, President Goodluck Jonathan would lose his reputation equity and thwart his party’s chance in for the general election campaign.

    Ezeagwula wrote against the backdrop of Jonathan’s unimaginable share of minds in the 2011 elections victory, especially among the youth whom he captured through the social media. But certain policies, which the President undertook some years ago and their chain reactions appear to have been his Achilles’ heels in the campaign.

    “The implication of this loss of brand equity will definitely reflect in the performance of his political party at the 2015 general elections. Even if Mr President does anything remarkable and tangible to redeem his image within the next three years, it will only take the grace of God, the sheer forgetfulness of Nigerians and the bite of luck that he has experienced all through his life to regain this lost brand equity,” Ezeagwula wrote.

    “A brand that has lost the trust and loyalty of its consumers cannot think that the best way to earn back these key ingredients of its brand equity is to increase the price of its product without improving on its functional attributes. Neither is it sensible to attempt to increase the price of the product before improving on its functional attributes, which is exactly what the Federal Government has done,” he concluded.

    Four years down the line, the brand loyality that gave him huge votes seemed to have dwindled going by a growing dissonance among his brand consumers in some key geo-political zones.

    For instance, Jonathan pulled over 2.7 million share of votes in Southwest as against Buhari’s 321,609 in the same geo-political zones. His dwindled reputation obviously stemmed from the removal of subsidy on January 1, 2012, when Nigerians were in festive moods of Xmas and the New Year. His action led to nationwide protest and made those who voted for him feel betrayed like a consumers, who had parted with money for a product and ended being dissonance.

    The reputation loss was further worsened by the inability of his team to suppress raging insurgency and its attendant bombing. The series of kidnapping of young boys and girls, loss of lives to Boko Haram until the kidnap of the Chibok girls saga dragged the government global perception rating into the red line, prompting world leaders, the media and celebrities to cry out with an # tag BringBackOurGirls.

    However, these issues undoubtedly are making it difficult for the President to a roller-coaster re-election bid this year as predicted by Ezeagwula.

    Two weeks to election, Jonathan’s new military offensive on the insurgents appeared to be shoring his image after the military had been equipped with  more weapons and strategic cooperation with neihgboruing countries such as Chad, Niger and Cameroun to end the militants’ tenancy in  the Sambisa forest.

     

    Will the onslaught reverse Jonathan’s reputation?

    To some of his loyalist, the success being recorded is key to his bid, especially with the postponement of the election, which gives the President an ample time to regain his lost reputation that gave him the seat four years ago. The commendation that came after the military bombardment of the insurgents has been torrential, even from members of the opposition party. Prompted by a motion of urgent national importance moved by Hon. Muhammad Tahir Monguno of All Progressives Congress (APC), Borno State, the House praised the military for its bravery and steadfastness, noting that in the previous months, Boko Haram nearly overrun Borno State.  The tide, according to Monguno, is now turning against the insurgents as a result of the gallantry of the soldiers.

    Also, Jonathan is being scored high by some economic experts. “The truth is that when placed on a dispassionate measurement platform, President Jonathan has recorded more accomplishments than people are willing to give him credits for,” said the Chairman, African Centre for Business Development, Strategy and Innovation, Sam Ohuabunwa, in his article  in a business paper. “In the years Jonathan has been president, our economy has grown between six and seven percent per annum. This is one of the highest growth rates in the world,” Ohuabunwa said.

    Against his renewed efforts to rebuild his reputation, brands and communication experts are divided if the efforts will rejig his brand equity. A top manager at Caritas Communication, a reputation management and brand development agency, Robert Utiko, said the president has regained his reputational equity. “It has helped GEJ regain lost reputational equity. The military has been proactive, posting updates on it successes in the campaign. GEJ has visited the troops on the battlefield to encourage them. GEJ is gradually being projected as a leader, who can take tough decisions,” he said.

    But a Managing Partner at Radi8, a PR agency, Mr. Toni Kan, believed otherwise. “There are many things that can erode a brand. In Jonathan’s case Chibok and Boko Haram have been key brand erosion. So, it follows that winning the war against Boko Haram will help with his brand equity. What the Boko Haram insurgency has done is to show the CEO of Brand Nigeria as an incompetent and incompetence has a negative impact on public perception, which then affects the brand.”

    While the efforts appeared enough to redeem the president’s reputation equity, the Managing Director/Chief Executive Officer at Ashton&Layton and former communication manager at Cadbury, Mr. Gbenga Adebija, said GEJ renewed positioning has limited gain because the timing is late. “Timing is a critical factor in any brand building initiative and so it is difficult to forsee any significant benefits to the GEJ brand, especially because in the view of major stakeholders, the military onslaught against the insurgents is obviously orchestrated for political reasons.

    “A brand equity is significantly enhanced when it’s objectives are seen as altruistic or at least not so transparently driven by personal motives. Brand GEJ also brought the bells and whistles with the military attire, dark shades and swagger stick, but the dysfunctional timing means limited gains to the brand Jonathan. At best, the Sambisa military initiative provided a platform for GEJ supporters to cheer, but in terms of actually winning over doubters and increasing the number of GEJ brand ambassadors, the benefits are definitely at lilliputian levels,” said Adebija.

    A manager at Hi-Media Network, Mr. Sanjo Oyekan, said it was too late for anyone to judge the result on the president image building effort because this has worked for some personality brand in the political sphere in the past.

    Wether the onslaught will add up and contribute little or nothing to his reputation and brand equity, time will tell on March 28 when the election holds.

  • Boosting cage fish farming

    Boosting cage fish farming

    At a time fish stocks are declining globally due to factors, such as climatic change and pollution, cage fish farming technique has become an encouraging alternative that yields 10 times the ‘fish catch’ compared to ‘fish reared’ in ponds,or in the sea. The West Africa Agriculture Productivity Programme  is working with the private sector to boost fish production nationwide, DANIEL ESSIET reports.

    Phil Onuoha produces fish seeds. His interest in farming started from youth, having been born into a fish farming family.

    Though they did not have the technology and the infrastructure then and they were not able to pay scientists to teach them fish hatchery management and practices.

    Against this background, Onouha has moved to enlighten farmers that they could make money from the trade as well as improve their diet as fish is highly nutritious. He rears catfish and sells fingerlings to farmers who rears them. According to him, fish farming can  boost farmers’ income.

    His farm, aside from producing fingerlings and grown-outs, provides education on fish farming to  farmers and institutions.

    But one day, a competitor poured poison into his water source and his uncle made losses. This made him to research into how to address the issue of water supply. He said farmers spend a lot of money on generators to ensure that water supply at their farm go on uninterrupted. The cost of fuelling affects the farms income.

    To solve this problem, Onuoha said the government and the private sector should encourage Nigerians  to practise fish cage farming, which will require them using the abundant natural sources of water. According to him, the rivers and estuaries in Nigeria are extremely suitable sites for fish cage farming.

    The streams and rivers, therefore, offer opportunities for pond culture, while the larger rivers and lakes offer opportunities for intensive cage culture. Onuoha  said locating fish farms within  water bodies is crucial and most productive and would bring returns to the investors.

    Generally, cage fish farming involves the use of nets mounted on metallic frames to form a cage. The cage is placed in a specific area, where it floats on water. The method is cost-effective and increases inland fish production substantially, he said.

    The fish, such as tilapia, mature between six and eight months. Un-der this procedure, fish rearing is done in an enclosed area in a natural aquatic environment where the water continuously flows  without accumulation of debris, which is why there is no pollution or ammonia deposition as in the case of stagnant and low density water ponds.

    At the end of the culture period, which ranges from six to eight months, three to five tonnes of fish are produced from one cage.

    The biggest advantage of cage farming, according to Onuoha, is that it saves water as there is no need to change the water as sea water flows continuously through the cages. Natural food is easily available for the fish to feed on and there’s no need to put up any time or space-consuming infrastructure except the cages.

    However, not all areas are suitable for cage farming. There needs to be optimum depth of at least 10 metres from the shore; the sea should be more or less calm without high waves and currents where the cages are located. The salinity, ammonia, nitrate should be all within permissible limits, according to experts.

    Cage culture is a new method of fish farming. According to experts, a stock of about 1,500kg can be accommodated in a cage of two metres length, two metres wide and two metres deep

    The disadvantage is that cages can only be used in water which is more than five metres deep.

    China has recorded some successes in cage culture and marine fish cage culture.

    Head of Trade, Marketing Department, Green Agriculture West Africa (GAWAL), a subsidiary of China General Construction (CGC Nigeria Ltd), John Wen, said his organisation is working with the West Africa Agricultural Productivity Programme (WAAPP), Nigeria to promote the development of small scale cage fish farms across the  country.

    The cage culture would be small-scale operation located onshore or in mangrove creeks, not far from farmers’homes for easy management, security and saving of labour costs.

    He  said the  company  was  cooperating with the Lagos State Ministry of Agriculture and Cooperatives for the promotion of fish cage culture by introducing advanced fish farming techniques from China.  In 2013, the company  signed  a  memorandum of understanding (MoU) with WAAPP-Nigeria for agricultural cooperation. The deal has covered construction of biogas digesters and fish cage culture projects, production and supply of rice and maize-certified seeds.

    Chief of South-South Cooperation, Food and Agriculture Organisation (FAO), Festus Akinnifesi, said since 2003, about 650 Chinese experts and technicians have been fielded in Nigeria for a minimum of two years. The experts are deployed in all the country’s 36 states and a majority of them live in rural communities. Once there, the experts share their knowledge, skills and experiences, and have helped introduced, demonstrated and enabled the adaptation of more than 200 Chinese-developed scalable technologies and innovations.

    In Koton-Karfi, Kogi State, members of a new cooperative are waiting for about 4,000 tilapia to mature in eight bamboo-and-net cages anchored to the shore of a small lake. “Traditionally we fish by setting nets, but we’re never sure how much we’ll catch,” explains 20-year-old Al Hassan Tijani.

    “With fish cage culture, we know how many fish we will harvest, and how much we will earn,” he added.

  • Boosting cage fish farming

    Boosting cage fish farming

    At a time when fish stocks are declining globally due to factors such as  climatic change and pollution, cage fish farming technique, has become an encouraging alternative that yields 10 times the ‘fish catch.’  compared to ‘fish reared’ in ponds,or in the sea. The West Africa Agriculture Productivity Programme  is working with the private  sector to boost fish production nationwide, DANIEL ESSIET reports.

    Phil Onuoha  produces  fish seed and is a grow-out farmer. His interest in farming started while he  was young, having been born in a fish farming family.

    Then, they  never  had  the technology and the infrastructure and were not able to bring in scientists to teach them  fish hatchery management and practices.

    He wanted to enlighten farmers that they could make money from the trade as well as improve their diet as fish is highly nutritious. He rears catfish and sells fingerlings to farmers who then rear them. According to him, fish farming has been identified as a way to help farmers achieve middle-level income.

    His  farm, aside from producing fingerlings and grown-outs, provides education on fish farming to interested farmers and institutions.

    At one point, a  competitor poured poison into his water source and his uncle recorded massive losses. This made him to think and do more research on how to address the issue  of  water supply. He said farmers spend a lot of money on generator in most cases to ensure that water supply activities at their farm go on uninterrupted. The cost of fuelling eats deep into whatever gains the farm would have made.

    To address this problem, Onuoha said the government and the private sector should encourage Nigerians  to practise fish cage farming, which will require them utilising  the  abundant  natural sources of water. According to him, the rivers and estuaries in Nigeria are extremely suitable sites for fish cage farming.

    The streams and rivers, therefore, offer opportunities for pond culture, while the larger rivers and lakes offer opportunities for intensive cage culture.  Onuoha  said  locating  fish  farms within  water bodies is  crucial  and  most productive and would   bring returns to the investors.

    Generally, cage fish farming involves the use of nets mounted on metallic frames to form a cage. The cage is placed in a specific area, where it floats on water. The method is cost-effective and increases inland fish production substantially, he said.

    The fish, such as tilapia, mature between six and eight months. Under this procedure, fish rearing is done in an enclosed area in a natural aquatic environment where the water continuously flows  without accumulation of debris, which is why there is no pollution or ammonia deposition as in the case of stagnant and low density water ponds.

    At the end of the culture period, which ranges from six to eight months, three to five tonnes of fish are produced just from one cage.

    The biggest advantage of cage farming, according to Onuoha, is that despite being a fish culture technique, there is no need to change the water as sea water continuously flows through the cages, there is some natural food easily available for the fish to feed on and there’s no need to put up any time or space-consuming infrastructure except the cages.

    However, not all areas are suitable for cage farming. There needs to be optimum depth of at least 10 metres from the shore, the sea should be more or less calm without high waves and currents where the cages are located. The salinity, ammonia, nitrate should be all within permissible limits, according to experts.

    Cage culture is a new method developed in recent times. According  to experts, a stock of about 1,500kg can be accommodated in a cage of two metres length, two metres wide and two metres deep

    The disadvantage is that cages can only be used in water which is more than five metres deep.

    China  has  recorded a success story  in cage culture and marine fish cage culture.

    Head of Trade, Marketing Department, Green Agriculture West Africa (GAWAL), a subsidiary of China General Construction (CGC Nigeria Ltd), John Wen, said his organisation is working with the West Africa Agricultural Productivity Programme (WAAPP), Nigeria to  promote the development of small scale cage fish  farms across the  country.

    The  cage culture would be small-scale operation located onshore or in mangrove creeks, not far from farmers’ houses for easy management, security and saving of labour costs.

    He  said the  company  is  cooperating with the Lagos State Ministry of Agriculture and Cooperatives for the promotion of fish cage culture by introducing advanced fish farming techniques from China.  In 2013, the company  signed  a  memorandum of understanding (MoU) with WAAPP-Nigeria for agricultural cooperation. The  cooperation has covered construction of biogas digesters and fish cage culture projects, production and supply of rice and maize certified seeds.

    Chief of South-South Cooperation, Food and Agriculture Organisation (FAO), Festus Akinnifesi, said since 2003, nearly 650 Chinese experts and technicians have been fielded in Nigeria for a minimum of two years. The experts are deployed in all the country’s 36 states and the vast majority of them live in rural communities. Once there, the experts share their knowledge, skills and experiences, and have helped introduced, demonstrated and enabled the adaptation of more than 200 Chinese-developed scalable technologies and innovations.

    In Koton-Karfi, Kogi State, members of a recently established cooperative are waiting for some 4,000 tilapia to mature in eight bamboo-and-net cages anchored to the shore of a small lake. “Traditionally we fish by setting nets, but we’re never sure how much we’ll catch,” explains 20-year-old Al Hassan Tijani.

    “With fish cage culture, we know how many fish we will harvest, and how much we will earn,” he added.

  • Nigeria’s GDP rebasing and boosting intra-Africa trade

    Nigeria’s GDP rebasing and boosting intra-Africa trade

    Data released by the Nigerian Bureau of Statistics following the recent rebasing of the country’s Gross Domestic Product (GDP) shows that the economy is much more diversified than we had thought or acknowledged. But it was not altogether surprising.

    Efforts in structural transformation of the Nigerian economy have been ongoing for the better part of the last 10 years. The Transformation Agenda of President Goodluck Jonathan has provided additional fillip in the last four years of supporting private sector-led, non-oil sector growth.

    So here we are. And this is what we now know about the Nigerian economy after the rebasing. Agriculture, largely subsistence farming, which used to contribute 35 per cent to the GDP now contributes 22 per cent. The oil and gas sector which used to account for 32 per cent of the GDP now contributes 14 per cent. Those are the headline downward adjustments. The structural adjustment that has taken place shows these sectoral gainers. Manufacturing, which had accounted for approximately 2 per cent of the country’s GDP jumped to 6.8 per cent. From 0.9 per cent, the contribution of the telecommunication sector has expanded to 8.7 per cent. The biggest leap was made in the services sector with a rise in contribution from 29 per cent to 52 per cent.

    Past trade trend

    Data provided by Central Bank of Nigeria (CBN) for the period 1981 – 2010 shows structural rigidity to Nigeria’s external trade. In 1981, crude oil accounted for 96.89 per cent of the country’s exports. All through the 30-year period, there was no noticeable change in the trade pattern; oil export stood at between 95 per cent and 98 per cent of total export merchandise. A 2004 data shows that roughly 60 per cent of non-oil exports from Nigeria consisted of cocoa and rubber – primary products as well.

    In this period, the country’s very narrow export goods base invariably meant that Nigeria was trading with very few countries. Indeed, the United States received about 50 per cent of Nigeria’s oil export. A handful of developing economies, mainly China and Brazil also received Nigerian oil export. Nigeria’s imports are mainly in finished products. Thus, our imports are mainly from the industrialised world, again principally the United States and China, and from few countries in the European Union (EU).

    With this trend, Nigeria was not able to lift intra-Africa trade. Trade within the continent has been very low. At 11 percent of total trade volume by African countries, trade within Africa has been the lowest compared with trade within other regions of the world. An assortment of policy, tariff and non-tariff barriers to intra-Africa trade has been identified. In addition to this, lack of political will to integrate the economies of Africa beyond fruitless policy engineering to aid trade has been cited. However, many African countries have exactly the same economic structure as Nigeria; they export primary goods to the leading industrialised nations while they import finished products from the same countries. For this reason, the most knotty of the issues that constitute barriers to intra-Africa trade is the narrow base of economic activities of scale on the continent. This issue then expresses itself in the narrow external trade channels.

    Likely new trade scenario

    The possibility that Nigeria will now influence a new trade scenario within Africa is established in the far-reaching structural adjustment in our domestic economy, as revealed in the new GDP data. The trade influencers are tied in both the absolute size of the country’s $509.9 billion GDP (which is by a wide margin the biggest in Africa), and the structural diversification that is revealed in the recent GDP rebasing. For example, the Nigerian services sector is now worth $265 billion. With the banks accounting for significant part of this economic value, little wonder that over the past few years, Nigerian banks have been playing big in international trade in banking services in Africa. Like it played out for the South African external sector performance, the widening footprint of Nigerian banks across sub Saharan Africa will pave the way for other sectoral trade in Nigerian goods and services in Africa. Financial market infrastructure is a facilitator of international trade. With the linkages the banks have established with other SSA markets through the operations of their subsidiaries, a key facilitator of Nigeria’s external trade within Africa has gained ground.

    However, a unidirectional trade flow from any African country cannot, mainly because of geopolitical concerns, lift intra-Africa trade. What we now see with the Nigerian services sector’s value of $265 billion is that it will accelerate on foreign participation. While trade flows in the Nigerian services sector will be led by the Western countries because they are more able to tap the Nigerian opportunities, the sheer size of this sector leaves enough head room for other African countries to come in. We also expect the export of services from other African countries into Nigeria. Cross-border trade in research and legal services are immediately contemplated to influence trade flows into Nigeria. Several foreign acquisitions which Nigerian businesses are expected to make in Africa makes this quiet imaginable.

    The Nigerian manufacturing sector, now worth $35 billion and constituting 6.8 per cent of GDP, has also assumed scale. Gradually, we have begun to see the outflow of Nigerian manufactured products into our sub-regional markets. From cement, sacks to biscuits, Nigerian manufactured products are making a showing outside our borders. Now that the sector has become recognised again with its 6.8 per cent contribution to GDP, coupled with the consumption profile of Nigeria’s over 170 million population, Nigeria will evolve to be a major manufacturing hub, attracting investments as well as merchandises from other African countries, thus maintaining desired two-way directional trade flows.

    The big lesson

    The most important structural adjustment to note in the Nigerian economy is that it is now dominated by the private sector. Indeed, further transfer of public sector assets through the ongoing privatisation programme, including in the power sector, will unlock resources, accelerate growth and broaden the economic base. Therefore, policies supporting private sector development and broader economic base are critical to opening the clog in intra-Africa trade pipelines. As we look to leverage Nigeria’s diversified economic base to boost trade within the continent, the example Nigeria has set is worth emulating by other African states.

    Why DFIs are relevant

    Nigerian Export-Import Bank (NEXIM Bank) is the designated trade policy bank of the Federal Government of Nigeria. As a development finance institution, NEXIM Bank has been supporting the process that is leading to the more diversified Nigerian economy. In the last five years, NEXIM Bank has pushed forward, through its communication programme, the policy agenda which accentuated the big sectoral gainers in the structural adjustment that was revealed by the GDP rebasing. Through our “MASS Agenda”, we have presented Manufacturing, Agro-processing, Solid Minerals and Services as the key sectors for economic diversification and job creation. This being the case, the bigger contribution we now see from services and manufacturing, as well as the strong showing of the entertainment industry in the Nigerian GDP basket, is a big plus for this Administration.

    While policy support for economic transformation is very important, it is not enough. Accordingly, NEXIM Bank and other DFIs in the Nigerian space have received institutional reinvigoration and financial backing from the Federal Government so as to be able to effectively intervene in the sectors that made good showing in the GDP data. Moving forward, financial intervention in SME manufacturing, services and the other areas of our focus at NEXIM will be critical to maintaining growth momentum. As we know, lower cost credit, which development banks provide is important for lifting businesses in these sectors to the point where they can afford and therefore attract commercial credit. NEXIM Bank has lifted a number of firms to this position, helping them to realise export potentials.

     

     Orya is Managing Director/CEO, Nigerian Export-Import Bank