The Role of Franchising in Retail Business

It was a great outing at the just concluded International Summit & Honours Dinner on Retail Trade hosted by The Centre For Values in Leadership.

Present at the event were Prof. Pat Utomi (Founder/CEO, CVL), Ms. Hadiza Bala Usman (MD, Nigerian Ports Authority), Dr. Chiefo Ejiofobiri, Mr. John Adeleke (ED, World Trade Centre Lagos) Mr. Femi Awoyemi (MD/CEO, Proshare Nigeria), Mr Chiagozie Nwizu ( Managing Consultant, FBDS), Mrs Olatorera Oniru (Founder/CEO, Dressmeoutlet.com) amongst others

The Managing Consultant of FBDS, Mr Chiagozie Nwizu presented a paper, on the role of franchising in retail business. Franchise Business Development Services has taken the lead in creating a franchise enabling environment in Nigeria.

These were the high points made by The Managing Consultant of FBDS:
• Over 80% of Nigerian startups fail in the first three years
• 12.5% of South African GDP is produced from franchising alone
• There are over 15 local brands in Nigeria investors can take advantage of.
• FBDS as a member of World Franchise Associates and a Supplier member of International Franchise Associate can facilitate International franchise brand entry into Nigeria
• Franchising is a sure route to financial freedom
It is no doubt that franchising has come to stay in Nigeria.

Contact Us

You can fill this form with your inquiries we'll get back to you

Start typing and press Enter to search