Repositioning Nigeria through branding
The chairman of Troyka Holdings Abiodun Shobanjo, says rebranding Nigeria is critical for repositioning the country in the international market. CNBC Africa's Oyedamola Akinsanya caught up with him to discuss this.
Thu, 19 Oct 2017 11:16:36 GMT
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AI Generated Summary
- Highlighting Nigeria's unique values and strengths is essential for repositioning the country in the global marketplace.
- Nigeria must revamp its image and showcase the 'real Nigeria' to attract investment and achieve desired levels of success.
- Fast-tracking economic diversification and job creation are crucial steps in propelling Nigeria towards becoming a middle-class nation and effectively communicating its core values.
Repositioning Nigeria through branding has become a critical focus for many in the West African nation. In a recent interview on CNBC Africa, the discussion centered around the importance of establishing a strong national brand to attract investment and promote economic growth. The interviewee highlighted the need for Nigeria to capitalize on its vast opportunities and diversify its economy to create a compelling narrative for the international community.
The primary theme of the interview revolved around the significance of branding Nigeria effectively to drive economic development and change global perceptions. The interviewee emphasized the need to highlight Nigeria's intrinsic values and communicate them to the outside world to shift existing perceptions and attract investment. By leveraging corporate marketing strategies and bringing together diverse perspectives from various sectors, Nigeria aims to establish itself as a competitive player on the global stage.
Three key points were discussed during the interview. Firstly, it was emphasized that branding is essential for any country looking to position itself favorably in the global marketplace. Just like mega brands, Nigeria must convey its unique values and strengths to differentiate itself and drive economic growth. Secondly, the interviewee highlighted the need for Nigeria to quickly revamp its image and showcase the 'real Nigeria' to the world to achieve desired levels of success. Finally, the interviewee underscored the importance of fast-tracking economic diversification and job creation to propel Nigeria towards becoming a middle-class nation and effectively communicate its core values.
One notable quote from the interviewee encapsulated the urgency of Nigeria's branding efforts and economic transformation, stating, "The world is not going to wait for us. We need to fast track all of this." This sense of urgency underscores the critical importance of timely action and strategic planning in repositioning Nigeria on the global stage.
In conclusion, the interview shed light on the government's commitment to diversifying the economy and the need for concerted efforts to propel Nigeria towards achieving its full potential. By focusing on economic diversification, job creation, and effective communication of Nigeria's values, the nation can build a strong brand, attract investment, and pave the way for sustainable economic growth.