Items filtered by date: Friday, 31 August 2018

The Chief Executive Officer of Caritas Group, Adedayo Ojo, has said that the challenges of product quality, communication, reputation, perception and packaging affecting Made in Nigeria brands can be resolved with proper policy formulation, strategic direction and effective communication.

Ojo stated this while moderating a panel session at the 5th edition of Lagos Public Relations Stakeholders’ Conference organized by Lagos chapter of the Nigerian Institute of Public Relations (NIPR), themed “Addressing Communication and Reputation Challenges of Made in Nigeria” in Lagos.

Ojo encouraged Nigerians to patronise and consume made in Nigeria brands. “I am going to be the change. I will patronize made in Nigeria brands. All of us have a role to play as citizens. Let us defend everything that is Nigerian made”, he said.

Earlier in her presentation, Chief Executive Officer, Emerging Africa Capital Group, Toyin Sanni, emphasized the need to market Nigeria first before marketing Made in Nigeria brands. She added that positive perception and reputation of Made in Nigeria brands must be effectively communicated.

“We need to market Nigeria first before marketing our brands. Communication is everything – it is a differentiator that shapes reality and power. Communication shapes reputation better. A better business is the one that can communicate what they do, truly project their clients and engage in strategic direction,” she said.

Sanni further called on government at all levels to articulate a clear strategy to package and communicate the brand ‘Nigeria’ appropriately. She added that public and private sector partnerships should be encouraged in positioning Nigeria while models to repair the nation should also be established.

In her address, the Lagos State Commissioner for Commerce, Industry and Cooperatives, Olayinka Oladunjoye, who was represented by Ayo Abiodun said Lagos State has always been at the forefront of made in Nigeria brands by facilitating various Medium and Small Scale Enterprises (MSMEs) initiatives that boost local production, create jobs and contribute to the national economic growth and the GDP.

NAN

Published in Opinion & Analysis

A 21-year-old man from north London was sentenced to life imprisonment on Friday for plotting the assassination of British Prime Minister Theresa May.

The Old Bailey, London’s criminal court, said Naa’imur Rahman had been planning to set off several bombs around Westminster and kill May with a knife or gun.

The Islamic State supporter was caught after undercover investigators contacted him on the internet, posing as Islamic State contacts offering him the necessary explosives.

He was arrested in November 2017, shortly after he picked up the supposed bombs.

According to Britain’s Press Association, Justice Haddon-Cave concluded: “Rahman is a very dangerous individual and it is difficult to predict when, if ever, he will become de-radicalised and no longer be a danger to society.”

He was sentenced to at least 30 years in jail.

 

Source: PMNEWSNIGERIA

Published in World

MTN Nigeria has dismissed allegations by the Central Bank of Nigeria (CBN) over illegal repatriation of shareholders’ dividends amounting to $8.1 billion by the company between 2007 and 2015.

The telecommunication company said all dividends it paid to its shareholders were approved by CBN as required by law.

The telco made this known in a statement on Thursday in response to the claim by the financial regulator.

“MTN Nigeria strongly refutes these allegations and claims. No dividends have been declared or paid by MTN Nigeria other than pursuant to CCIs issued by our bankers and with the approval of the CBN as required by law,” the statement read in part.

It said the company would engage with the relevant authorities and vigorously defend its position on this matter and provide further information when available.

MTN Nigeria has been bedeviled with penalties over failure to comply with government’s regulations.

In 2015, the Nigerian Communications Commission (NCC) had slammed the telecommunication company with a $5.2 billion (N1 trillion) fine for violating SIM card registration regulations directing telcos to deactivate unregistered lines.

Also, the fine was imposed on MTN for not disconnecting about 5.1 million improperly registered lines in its network within the stipulated deadline.

Although, NCC had threatened not to reduce the fine, it however slashed it to $1.65 billion (N330 billion) after several appeals and negotiations including diplomatic intervention by the South African government.

 

Vanguard..

Published in Business

The Statistician-General of the National Bureau of Statistics (NBS), Yemi Kale, said the Nigerian economy could be regarded as a diversified economy based on the Q2 2018 Gross Domestic Product (GDP) figures released recently.

Kale made this disclosure while answering questions on the effectiveness of the Federal Government’s diversification policy in a tweet chat on Thursday.

The NBS boss said the services sector grew by over 50 percent in the second quarter of the year, adding that the performance was the first since the 2016 economic recession.

According to him, the 1.50 percent real GDP growth recorded in Q2 was largely driven by the services sector.

“The best assessment of any plan or policy of government is to look at the underlying statistics. If you look at the GDP numbers for Q2 2018 published early this week by our Office, you will observe that the economy is quite diversified.

“The services sector accounts for over 50% of our economy, and for the first time since the recession, the services sector posted positive numbers and was mainly responsible for the growth recorded during the quarter,” Kale said.

He, however, said the benefits of diversified growth would become more evident and impacting on the citizenry if the government could provide incentives to support domestic production and stimulate consumption.

The NBS had released the GDP report for Q2 2018 on Monday, the report noted that the rate at which the Nigerian economy grew in the quarter slowed to 1.50 percent when compare with 1.95 percent recorded in the previous quarter.

Despite the sluggish growth, the non-oil sector of the economy grew by 2.05 percent from 0.76 percent in Q1 2018, while the oil sector contracted by -3.95 percent from 14.77 percent in Q1 2018.

The Minister of Budget and National Planning, Sen. Udoma Undo Udoma, had said the growth in the non-oil sector was an evidence that the implementation of the targeted policies and programs of the Economic Recovery and Growth Plan (ERGP) by the Federal Government was yielding positive results.

The ERGP is a four-year medium term strategic blueprint of the Federal Government aimed at diversifying the economy away from dependence on the oil and gas sector.

The plan covers 2017 to 2020 and focuses on human capital investment, restoration of economic growth, and building a competitive economy.

The Ripples

Published in News Economy
  1. Opinions and Analysis

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