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Peer Trust Outpaces Traditional Ads: NIMN Unveils Landmark Consumer Report as Marketers Chart New Course

Thenews by Thenews
June 25, 2026
in News
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In a decisive pivot away from conventional advertising, industry leaders at the 2026 Annual Marketing Conference of the National Institute of Marketing of Nigeria (NIMN) have declared community, culture, and authentic human connection as the non-negotiable drivers of sustainable business growth. Held in Port Harcourt under the theme “Community, Culture and Connection: Reimagining the New Market,” the conference convened Nigeria’s top business executives, policymakers, and academics to chart a bold new course for brand engagement in a highly fragmented, digitally connected marketplace.

The defining moment of the conference was the unveiling of a landmark consumer insight report, jointly developed by the Lagos Business School (LBS) and NIMN. Delivering the keynote address, Prof. Uchenna Uzo, Deputy Vice-Chancellor (Academic) of Pan-Atlantic University, revealed that despite economic headwinds, Nigerian consumers remains highly aspirational, scoring an average of 7.5 out of 10 on the aspiration index. Crucially, the data established that peer trust, community influencers, and faith-based leaders now exert significantly more influence on purchasing decisions than traditional advertising, forcing brands to rethink their market approaches. He challenged organisations to treat consistency as a strategic imperative, not a compliance checkbox.

Addressing this shifting landscape, NIMN President and Chairman of Council, Dr. Bolajoko Bayo-Ajayi, emphasized that adapting to new market realities requires strict adherence to professional ethics and accountability. She announced that the Institute will intensify the enforcement of its statutory mandate, requiring all marketing practitioners operating in Nigeria to formally register with NIMN. This regulatory clampdown is strategically designed to weed out quackery, elevate industry standards, and ensure that consumer engagements are driven by credible, accountable professionals.

 

The industry panel sharpened the discussion around implementation. Dr. Ayo Awosika, Commercial Director of UAC Foods Limited, made the case for culture as competitive advantage, arguing that the most differentiated brands of the next decade will be those that embed themselves genuinely into communities rather than simply advertising to them. From the public sector, Delta State Capital Territory Development Agency’s Director-General, Chief Patrick Ukah, reinforced the point with a challenge that resonated across the room: “The missing link is not knowledge — it is connection.” Dr. Ike Neliaku, President of the Nigerian Institute of Public Relations (NIPR), added that consumers are no longer buying products alone — they are buying into the values, purpose and stories that brands represent.

Bridging the gap between theory and industry practice, the conference featured the Tolaram Group-sponsored Student Marketing Conference. Under the theme “From Classroom to Marketplace,” marketing students from across the federation competed in strategic marketing drills. Adajine Josiah Omeiza, a 300-level student from the University of Port Harcourt, emerged as the overall winner, clinching the title of 2026 NIMN Market-Ready Marketer. He walked away with a ₦150,000 cash prize and a fast-tracked employment contract with Tolaram Group, underscoring NIMN’s commitment to nurturing the next generation of marketing talent.

The landmark event concluded with the successful 2026 Council Elections during the Annual General Meeting, ushering in new leadership to drive the Institute’s strategic vision. Dr. Yakasai Ibrahim Yusuf, fnimn, and Dr. Chidi Nwankpa Sylvanus, fnimn, secured decisive victories as First and Second Vice Presidents, respectively, alongside seven newly elected Council representatives. Together, this new leadership team is tasked with advancing ongoing reforms, deepening industry-academia collaboration, and positioning NIMN for greater impact across Nigeria’s evolving economic ecosystem.

 

 

L-R: Council Members Adejoke Ishola, 2nd Vice President Dr Chidi Nwankpa, Mrs Benita Adelore,  Immediate Past 2nd Vice President,  Mr Walter Okafor, Mr Hope Gbagi, Dr Bolajoko Bayo-Ajayi President and Chairman of Council, Immediate Past President, President, Mr Idy Enang, Thelma Okoh, Registrar and Secretary to Council,  Mrs Gloria Otakagu, Mr Ayoola Akomolafe and Ms Sandra Amachree at  the National Institute of Marketing of Nigeria(NIMN) Annual Marketing Conference in Port Harcourt, Rivers State.

 

About NIMN

The Nigerian Institute of Marketing of Nigeria (NIMN) is the statutory regulatory body for the marketing profession in Nigeria. The Institute is responsible for regulating, controlling, and determining the standards of knowledge, skills, and practice required of marketing professionals while promoting ethical conduct, professional excellence, and industry development.

 

 

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