Tag: global

  • As middle class grows, global brands hit Nigeria

    Inside this 1950s-style American diner, waitresses softly sing along to Aretha Franklin as they sling hamburgers and whip up milkshakes. The jukebox belts out Ritchie Valens as a customer wearing a Muslim prayer cap and flowing blue robes ambles in.

    This isn’t the U.S., where the kitsch restaurant chain Johnny Rockets has several hundred locations, but instead Nigeria, where foreign companies have hesitated to invest because of logistical challenges, poor electricity and government corruption.

    Now, however, as Nigeria’s middle class grows along with the appetite for foreign brands in Africa’s most populous nation, more foreign restaurants and lifestyle companies are entering the country. And the draw on Nigerians’ new discretionary spending has also put new expectations on providing quality service in a nation where many have grown accustomed to expecting very little.

    “It really is impressive to go out to places and see places filled with everybody from all different walks of life,” said Christopher Nahman, the managing director at the Johnny Rockets in Nigeria’s largest city, Lagos. “Nigerians are a very inspirational society also. Even somebody who it might be really kind of a burden on them financially, they will still do it to just have that experience.

    “It’s very encouraging moving forward because that’s what you need to sustain an economy. … There’s no going back.”

    The majority of those who live in Nigeria, home to more than 160 million people, live in poverty. Just more than 60 percent of Nigerians earn the equivalent of less than $1 a day, according to a 2012 study published by the country’s National Bureau of Statistics. For decades, only tiny sliver of the population either involved in the country’s oil industry or its government roundly criticized for corruption had access to wealth.

    The end of military rule in 1999 saw the country’s economy slowly open up, with new professional jobs being added in banks and the rapidly growing mobile phone market. That gave birth to Nigeria’s rapidly growing middle class, whose members earn about $480 between $645 a month and represent nearly a quarter of the country’s population, according to a September 2011 study by investment firm Renaissance Capital.

    Over time, those figures started to attract businesses who previously hadn’t been working in Nigeria. In retail, South African firms have flocked into Nigeria, finding places in the new malls being opened around Lagos. MassMart Holdings Ltd., of which Wal-Mart Stores Inc. of Bentonville, Arkansas, owns a controlling stake, has its Game department there. Supermarket chain Shoprite Holdings Ltd., considered a budget grocer at home in South Africa, draws a more-upscale crowd in Nigeria, where most still shop for food in open-air markets.

    The market has drawn U.S. restaurant chains as well. KFC, owned by Louisville, Kentucky-based Yum Brands Inc., has seen a rapid expansion across Nigeria, with 17 restaurants opening across southwest Nigeria. Domino’s Pizza Inc. of Ann Arbor, Michigan, recently had a franchisee open two locations in Lagos as well. Even ice cream seller Cold Stone Creamery of Scottsdale, Arizona, has opened to offer scoops and waffle cones to take the edge off of Nigeria’s sweltering heat.

    At Johnny Rockets, which sits on Lagos’ swanky business-hub Victoria Island across the street from a major hotel frequented by foreigners and dignitaries, the restaurant has a velvet-roped waiting area in the parking lot. Inside, the stainless steel kitchen gleams and customers watch, often with open-mouth fascination, as workers dance each hour to “Hippy Hippy Shake” or another classic song.

    The menu of burgers, fries and onion rings has the Nigerian addition of jollof rice, a spicy staple of tables throughout the country. Others coming in have followed — including Domino’s, which puts it atop a specialty pizza for the Nigerian market. However, most come for a taste of something different.

    That luxury does come at a steep price. A double bacon cheeseburger sells for 3,500 naira, the equivalent of about $22. A vanilla

  • Jonathan calls for global order based on rule of law

    President Goodluck Jonathan has called for the strengthening of rule of law both at the national and international levels to ensure equity and fairness for all people.

    This is as he assured the global community of his administration’s “unwavering commitment” to upholding the rule of law and implementing all pledges made by Nigeria to the international community.

    Consequently, he said that his Administration will continue to encourage the Nigerian judiciary to play a pivotal role in the advancement and elaboration of the rights of Nigerians through effective oversight over the actions of the executive and legislature.

    Jonathan made the declaration during his address to the first-ever High-Level Plenary Session of the United Nations on the Rule of Law yesterday in New York.

    The President said that the rule of law at international level must be based on the core principles of the United Nations which were further reaffirmed in the 2005 World Summit Document.

    This, he said, implies that countries must in good faith, honour their international obligations, including the obligation to refrain from the threat or use of force, the obligation to settle disputes through peaceful means, the obligation to protect human rights and fundamental freedoms and abide by international humanitarian law.

    “Nigeria subscribes to the view that it is only an international system based on the rule of law that can guarantee the protection of the rights of individuals and the interests of the less powerful in the global arena.

    “The principle of equality of States remains an important element in the promotion of the rule of law at the international level. The international community should therefore discourage any semblance of selective observance and enforcement of international law.

    “Nigeria recognizes the important role of the International Court of Justice and other international tribunals in the peaceful resolution of international disputes.