NIMN Records N132.6m Turnover

The President of the
National Institute of Marketing of Nigeria (NIMN), Ganiyu Koledoye, says the institute has declared a turn over of N132.6 million in its 2012 operations as against N138.1 last year.
The President of the body who made the revelations in Lagos at its 4th yearly general meeting said the slide was due to declining income and increased losses occasioned by Corporate Sponsorship and dwindling membership contributions.
He said in June 2008 the two arms of the institute were united to ensuring that the body progresses.
Koledoye explained that in 2011 council and members okayed the strategy of the Reconciliation and Integration Committee.
According to him, the move enabled the institute to achieve 100 per cent increase as compared to the last turnover of the combined arms of the institute in 2007.
The NIMN President further said that when he took over as President in May 2013 he under took a campaign of damage control to ensure that negative processes were addressed.
While assuring members on the factors that were likely to make the institute less vibrant, he said such issues were currently under review and would be addressed amicably.
The election that was held during the meeting saw the duo of Rotimi Olaniyan and Rotimi Oladele emerging as 1st Vice President and 2nd Vice President respectively.