Five Year Restoration
Plan 2016-2021: Marketing, Branding, and Economic Development Plans in Kaduna
State
Introduction: Every country, public sector unit, or company
is fighting for market access, investment, talent, and stakeholder support. Kaduna
state government needs to recognise the nuances among the several components of
development and heed the following tips in order to succeed in the restoration
plan. This presentation will
highlight key areas as ingredients for economic development and why it is so
important and rewarding for emerging economies.
Focus on branding as key to economic
recovery and overarching approach: Now don’t get me wrong, when I say
branding, there is more to it than a name or logo. Branding takes place from the
manufacturer to the supply chain to the consumer. The power of branding is eminent in the private sector, however;
there are strong indications that suggest adopting private sector branding
techniques enhances market effectiveness in the public sector. Before
this can be achieved the government needs to put in place the needed infrastructural
facilities that will smooth all the interplay aspects. Hence retail will serve
as the focal point to this policy. Retailing by focusing on different aspects
of the market from the clothing to commodity brands will provide jobs to the
people and offer economic boost to Kaduna state.
Different aspects to this strategy can be applied
from local brands to international brands. Attracting local brands can be
fairly easy with strategic arrangement between the two businesses. On the other
hand, getting the international brands to partner with retailers in franchise
dealership will need convincing, especially with the difficult nature of doing
business in Nigeria due to issues like poor road network, inefficient distribution
chain, poor power supply, and mistrust due to persistent fraudulent activities.
With a population of over 6 Million, who by far are the
most familiar with international brands population in the northern part of the
country, the state will be a bee hive for international brands. The state needs
to adopt the strategy used by other emerging economies that also focused on
branding to improve and diversify their economies (i.e. south East Asia and the
Middle East). Outsourcing has been going on for decades; there is no reason why
Nigeria and indeed Kaduna state should not take advantage of this. Especially
in areas like clothing line, computer software and hardware components etc.
Road network:
A good and easy access to different locations within the main towns and other
areas needs to be enhanced. Areas that have existing road network like Yakubu
Gowon way should be made to have walkways with well-maintained scenery rather
than the haphazard state they are in. this will help in boosting investor
confidence and beautify the state. As it is moving from one place to another is
a difficult task because there is no provision of walkways.
Encourage participation
of major players in international retailers in the state:
As already witnessed in other states of the country. International retailers especially
from Western Europe and America should be encouraged to invest in the country
rather than the current focus on South African retailers. This will encourage
other brand owners who are eager to establish business in Nigeria to establish
franchise dealership with business men of the state.
Modernise
security: Another aspect worth noting is the adoption of
modern security within the metropolis and other towns. Again, as an emerging
economy, states in Nigeria need to ‘copy’ aspects of the more matured economies
which are quite available and willing to be offered. Careful monitoring of
activities is the best way to prevent crime; hence the state needs to assure
investors that their safety is important. Different strategies can be used to
ensure this security which will be discussed in other forums, if need be.
Reviving moribund
companies: As the state already has companies that are
doing business, they should be encouraged to function properly by the state
government offering support where necessary. Although major offering for this
kind of business is more business to business than consumer, this will offer
jobs and add revenue to the state. Companies that were well established earlier
like Zaria Pharmaceutical, Kachia Ginger Company and Ikara Tomatoes Company can
be a source of revenue to the state.
Conclusion: As emphasized earlier, Kaduna restoration
plan (or rather Nigeria as a whole)
brings a new set of challenges but also far more opportunities for long-term
success. With a population size of over 180 million, the country is a
fast-growing market and consumers will only become more brand savvy as time
goes on. As brand owners are gradually realising the country’s huge potential,
it’s important for states to individually invest in attracting and welcoming
brands now to have it pay off in the long run. With these above mentioned points,
coupled with success of such strategies in other emerging economies (i.e. south
East Asia and the Middle East), branding (i.e. manufacturing, distribution, and
wholesale coupled with agents, with robust retail focus and marketing promotions)
will push infrastructure, human and economic development in Kaduna State.