Ex-Afreximbank Director, Obi Emekekwue, Condemns Nigeria’s Ban On Foreign Model Advert

August 24, 2022
Obi Emekekwue, former Afreximbank Communications Director

The former Director & Global Head of Communications at the African Export-Import Bank (Afreximbank), Obi Emekekwue, has condemned the decision of the Advertising Regulatory Council of Nigeria (ARCON) to ban foreign models from Nigerian adverts.

Prime Business Africa had reported that ARCON’s Director General, Olalekan Fadolapo, released a new policy this week, directing advertisers to halt usage of foreign models and voice-over artists in promotion of products and services to Nigerian audience.

Join our WhatsApp Channel

Fadolapo said the decision was made to encourage local talents and grow the Nigerian advertising industry. However, Emekekwue opined that such policy could backfire against Nigeria, as other country could also adopt it.

Emekekwue explained that the policy is wrong timing, considering the Federal Government and other African nations are implementing the African Continental Free Trade Area (AfCFTA), which offers a free trade area for African trades, including unrestricted labour.

The communications epert, who now acts as the Chief Executive of DelReeve Konsult Limited, told Prime Business Africa, “This looks like one of those times our policy makers come up with ideas without thinking them through.

“While no one will argue against encouraging the use of local Nigerian models and voice overs, a ban like this will hurt Nigeria more in the long run, considering that Nigeria already dominates in these sectors.

“Nigerian models and voice over artists will lose when other countries implement similar policies. Besides, what does this say about Nigeria at a time everyone, including Nigeria, is pushing the AfCFTA, which rests largely on free movement of labour and an open market across Africa.” Emekekwue said.

Featured Stories

Latest from Business

Nigerian Stock Market Cap Extends Decline With N73.44bn Loss

Nigerian Stock Market Cap Extends Decline With N73.44bn Loss

The Nigerian Exchange (NGX), also known as the stock market, saw its market capitalisation decline marginally by N73.44 billion on Wednesday, February 25, to N124.75 trillion, from N124.82 trillion reported on Tuesday, February 24. The all-share index (ASI) decreased by 114.41 basis
Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 18th August 2025

Black Market Traders Exchange Dollar At N1,428/$

About N43.54 kobo appreciation was recorded in the price for the United States dollar (USD), which surged to N1,428.53 kobo per $1 in the black market on Tuesday, February 24. The value of the American greenback had increased from the N1,384.99 kobo
Previous Story

Football Still A National Asset That Must Be Harnessed, Buhari Insists

N195m Internet Fraud: Student Leader, 39 Others Bag 1 Year Jail Term In Ibadan
Next Story

NANS National Director, 39 Others Bag 1-year Jail Term Over N195m Internet Fraud

Don't Miss

IMG WA

Gaza War: Israel-Hamas Ceasefire Talks End In Stalemate

A meeting for the proposed ceasefire deal between Israel and
BBNaija All-Stars: Poll Results Unveils Mercy Eke As Fan Favourite, Surprising Underdogs

BBNaija All-Stars: Poll Results Unveils Mercy Eke As Fan Favourite, Surprising Underdogs

As the first eviction show looms this weekend, Showmax conducted