Dangote Group has been named the best brand in Nigeria in 2022, according to the corporate brand evaluation report.
The report tagged “TOP 50 BRANDS NIGERIA” evaluates the customers point of view of the different brands in the country.
Dangote emerged top with an aggregate score of 83.7 Brand Strength Measurement (BSM) Index score. This is followed by MTN, Globacom and Access Bank in fourth place.
Others among the top 10 are Airtel Nigeria, Coca-Cola, Zenith Bank, GTCO, First Bank and UBA at fifth to tenth positions respectively.
In a statement after the public presentation, the rating firm said: “The annual top brand evaluation is a qualitative, non-financial estimation of value of top corporate brands in the country.
A measure of consumers’ perceptions and how positive or otherwise towards a brand, and how this affects its overall strength, using the Brand Strength Measurement (BSM)index, a model that tests a brand’s ability to deliver on its promise to the consumers from the consumers’ points of view.
Brands today have become a necessary part of our everyday’s life, from waking moment to going to bed, even the choice of bedding.
This is so much more in the light of emergence of concepts of consumer awareness, differentiation, purchase justification and the new world economy, the brand is playing a quintessential role.
In his address TOP 50 BRANDS NIGERIA, CEO, Taiwo Oluboyede said, “Brand has become a critical differentiator that helps consumer’s choice and also separates the top corporate organisations from the others and even much more.
He likened the task of building formidable and continuously strong brand to a flower, he said “When you plant a flower, you keep watering and pruning it to grow and until it blossoms, and this you do for its lifetime.
“If you omit or forget to prune or water, regardless of how beautiful it is at the beginning, it dies. The same is applicable to brands.
That is why we have seen brands that dropped from the 50-league table in recent times, while new ones emerge.”
He said further “So, the responsibility lies with the owners and promoters to consistently maintain compelling propositions and live up to their promises.
As we all know, it’s not just about making propositions, but living up to its demands and consistently so. This is what makes a top brand.”
