Upload
teegan-ayala
View
28
Download
4
Tags:
Embed Size (px)
DESCRIPTION
Development Programs of the Nigerian International Franchise Association Folu Ayeni Chairman Seminar On: How to Support and Conduct Franchising for Effective Economic Development Cairo, Egypt November 20 – 23, 2005 Joint Africa Institute. Introduction. - PowerPoint PPT Presentation
Citation preview
04/19/23 NIFA 2005 1
Development Programs of the
Nigerian International Franchise Association
Folu Ayeni
Chairman
Seminar On: How to Support and Conduct Franchising for Effective Economic Development
Cairo, Egypt
November 20 – 23, 2005
Joint Africa Institute
04/19/23 NIFA 2005 2
Introduction
The Nigerian International Franchise Association (NIFA) is the lead advocate of franchise development in Nigeria
The organization was formed in 2002
NIFA has 52 Corporate, Associate and Subscriber members
04/19/23 NIFA 2005 3
Introduction
NIFA’s 10 member Executive Committee is composed of representatives from all franchising stakeholders in Nigeria: franchisors, franchisees, financial institutions, legal practitioners and the government
04/19/23 NIFA 2005 4
Progress made in 2005
Folu Ayeni, owner of Tantalizers Restaurant, second largest fast food chain in Nigeria and second largest indigenous franchisor was elected NIFA chairman in May 2005
NIFA conducted merger talks with all franchise splinter groups in Nigeria that resulted in their agreement to come under its umbrella
04/19/23 NIFA 2005 5
Progress Made in 2005
NIFA created the following steering committees:
Membership: To expand membership, recommend new members to the board
Legal: Work with relevant arm of the government to create legal and regulatory framework that will enhance franchising best practices. Advocate ethical conducts in all franchise transactions
04/19/23 NIFA 2005 6
Progress Made in 2005
Professional Development Initiate and organize franchising
workshops and seminars to target member and non-member franchisors, franchisee, small business owners, intellectual property attorneys, banking executives and other professional bodies contributing to the Nigeria franchise sector.
04/19/23 NIFA 2005 7
Progress Made in 2005
The Professional Development Committee is also responsible for promoting NIFA programs to the public through the media and franchise expositions
Finance : Identify sources for funding and ensure the Association becomes self-sustaining
04/19/23 NIFA 2005 8
Agenda for 2005 / 2006
Capacity Development Strategy
International Seminar on Franchising The 2nd Annual Seminar on
Franchising will be held in Abuja on April 2006 in collaboration with the National Office for Technology Acquisition And Promotion – NOTAP (Nigerian government agency that regulates licensing and franchising activities in Nigeria)
04/19/23 NIFA 2005 9
Seminar On Franchising Contd.
Purpose is to accelerate awareness for the concept of franchising to the Nigerian public
There will be a mini-exhibition to introduce franchisor and franchisee members’ products and services
1st in the series of NIFA seminars was held in March 2004 in collaboration with NOTAP with representatives of World Intellectual Property, Nigerian Franchise stakeholders, franchising experts from Europe and Canada in attendance
04/19/23 NIFA 2005 10
Agenda 2005 / 2006
Technical Assistance Lack of financial and technical
resources is a major problem facing NIFA.
The Association has resolved to to seek assistance for its professional development programs for members from the following international bodies:
04/19/23 NIFA 2005 11
Technical Assistant Contd.
Joint Africa Institute Franchise Association of South
Africa International Franchise
Association, USA, has given some assistance in the past – provided free exhibition space at the Annual International Franchise Expo, Washington DC, USA
04/19/23 NIFA 2005 12
.
NIFA Members at the 12th International Franchise Expo, Washington DC, USA
04/19/23 NIFA 2005 13
Technical Assistance Contd.
Professional Development Workshops will focus on franchising basics, operations, sales, financing and legal.
Beneficiaries to include Franchisors / small business owners, franchisees, banking executives and legal practioners
04/19/23 NIFA 2005 14
Development of Nigerian Concepts
A survey by NIFA puts the number of Nigerian franchise systems (business format and trade name) at 3 with 50 franchise units(approx.)
Undetermined number of Nigerian businesses has potential for franchising
04/19/23 NIFA 2005 15
Development of Nigerian Concepts Contd.
Foreign franchise systems in Nigeria are estimated at 10 with over 1000 units mostly trade names.
When we compare these figures, we can see that the indigenous franchise systems represent 5% while the foreign systems represents 95% of total franchise operation in Nigeria.
The gap is too wide
04/19/23 NIFA 2005 16
Development of Nigerian Concepts Contd.
NIFA hopes to take a corrective action by encouraging Nigerian businesses to develop local franchises
It must be noted that while NIFA prioritize the development of local concepts, it support the expansion of foreign franchises into Nigeria to enhance technology transfer and know - how
04/19/23 NIFA 2005 17
www.nigerianfranchise.org