Connect with us

Business

Kuru AMCON Boss Wins New Telegraph ‘Public Integrity Awards 2021’

Published

on

Right-Left: Lagos State Governor Mr. Babajide Sanwo-Olu; publisher of New Telegraph Newspapers and former Governor of Abia State Senator Orji Uzor Kalu; Ogun State Governor Prince Dapo Abiodun; Head, Corporate Communications of Asset Management Corporation of Nigeria (AMCON) Mr. Jude Nwauzor who represented AMCON MD/CEO Mr. Ahmed Kuru and Head, Corporate Banking, First Bank Nigeria Mr. Osahon Ogieva at the annual New Telegraph Newspapers Awards, which held at the weekend at the Federal Palace Hotel, Victoria Island, Lagos State

…As Lagos State Governor Mr. Babajide Sanwo-Olu, Ogun State Governor Prince Dapo Abiodun, AMCON Mr. Jude Nwauzor who represented AMCON MD/CEO Mr. Ahmed Kuru, and Head, Corporate Banking, First Bank Nigeria Mr. Osahon Ogieva Won Awards at the annual New Telegraph Newspapers Awards, which held at the weekend at the Federal Palace Hotel, Victoria Island, Lagos State

Olushola Okunlade Writes

The Managing Director and Chief Executive Officer of Asset Management Corporation of Nigeria (AMCON) at the weekend won the maiden edition of the New Telegraph Newspapers “Public Integrity Award 2021.” 

The organisers said the AMCON Boss was selected from a large poll of public servants that are heading different Ministries, Departments, and Agencies (MDAs) of the government across Nigeria because of his commitment, dedication, uprightness, and patriotic zeal that he has gone about the recovery drive from AMCON obligors who owe Nigeria a currently outstanding debt of over N4.4trillion. 

New Telegraph Newspapers said the honoured Kuru and some other notable Nigerians in keeping with its commitment to rewarding individuals and businesses in Nigeria that have distinguished themselves by their remarkable contributions to the development of the country in both the public and private spaces in Nigeria. 

The management of New Telegraph led by Ayodele Aminu said it decided to organise the annual awards in the firm belief that such a reward system has the twin effect of galvanizing and inspiring awardees towards greater excellence, while also helping to incentivize others to aspire to such distinction.

R-L: Lagos State Governor Mr Babajide Sanwo-Olu; publisher of New Telegraph Newspapers and former Governor of Abia State Senator Orji Uzor Kalu; Ogun State Governor Prince Dapo Abiodun; Head, Corporate Communications of Asset Management Corporation of Nigeria (AMCON) Mr Jude Nwauzor who represented AMCON MD/CEO Mr Ahmed Kuru and Head, Corporate Banking, First Bank Nigeria Mr Osahon Ogieva at the annual New Telegraph Newspapers Awards, which held at the weekend at the Federal Palace Hotel, Victoria Island, Lagos State
Right-Left: Lagos State Governor Mr. Babajide Sanwo-Olu; publisher of New Telegraph Newspapers and former Governor of Abia State Senator Orji Uzor Kalu; Ogun State Governor Prince Dapo Abiodun; Head, Corporate Communications of Asset Management Corporation of Nigeria (AMCON) Mr. Jude Nwauzor who represented AMCON MD/CEO Mr. Ahmed Kuru and Head, Corporate Banking, First Bank Nigeria Mr. Osahon Ogieva at the annual New Telegraph Newspapers Awards, which held at the weekend at the Federal Palace Hotel, Victoria Island, Lagos State.

The awards which, was received on behalf of the AMCON MD/CEO by Jude Nwauzor, Head, Corporate Communications Department of the Corporation held at the weekend at the Balmoral Event Center, Federal Palace Hotel, Lagos. 

Top of the list of winners are Governor of the Central Bank, Mr. Godwin Emefiele, President of the Senate, Senator Ahmed Lawan, Lagos State Governor, Mr. Babajide Sanwo-Olu, and Abia State Governor, Mr. Okezie Ikpeazu, and the Borno State Governor, Prof Babagana Zulum. 

The rest include Governor, Mr. Samuel Ortom of Benue State; Ogun State Governor, Prince Dapo Abiodun, Governor of Ekiti State and Chairman of the Nigerian Governors Forum, Dr. Kayode Fayemi, and the Kogi State Governor, Mr. Yahaya Bello, and a host of others.

Business

Dangote Boosts Abuja Trade Fair

Published

on

World Water Day: Dangote, Others Make Case For GroundWater Protection

Olushola Okunlade Writes

The Dangote Group has been described as a significant premium player as over 300 corporate exhibitors are participating in the 17th Abuja International Trade Fair (AITF) that is expected to be declared open by President Muhammadu Buhari on Friday.  

Speaking to newsmen, the Director-General of the Abuja Chamber of Commerce and Industry (ACCI), Ms. Victoria Akai said: “As a member of ACCI, the Dangote Group further strengthens the position of ACCI in implementing business activities and advocating for business-friendly policies.

”The DG said the Dangote-ACCI partnership is strategic and geared towards showcasing made-in-Nigeria products, which will help inform prospective exporters about the available opportunities and processes.  

Ms. Akai said the company had been a significant sponsor of the Abuja International Trade Fair, including this year’s Trade Fair. In the same vein, the President of ACCI, Dr. Al-Mujtaba Abubakar, told newsmen that the theme for this year’s exhibition: “Creating an Export Ready Market through SMEs Digitization,” offers a wide range of opportunities for Small and Medium Enterprises to ginger their performance, and especially in relation to the non-oil sector.  

He said: “The Abuja International Trade Fair, since its inception, has served Nigeria as a trusted global trade destination and a potential market for over 50,000 consumers.”

The 17th AITF is scheduled to hold between Friday, September 30 and Sunday, October 9, 2022, at ACCI Abuja International Trade Fair Complex.  

The Dangote Group’s Executive Director of Government and Strategic Relations Engr Mansur Ahmed said the partnership with ACCI offers the company the opportunity to display its numerous innovative products while contributing its quota to the Nigerian economy through Trade Fairs and expos.  

He said the President of the Group Alhaji Aliko Dangote is passionate about developing the Nigerian economy, exporting made-in-Nigerian goods, earning foreign exchange, and creating jobs for the populace. Engr Ahmed said the company is desirous of entering into any strategic partnership that will set the country on the path of rapid growth and development.  

Aside government, the Dangote Group is the second biggest employer of labour in Nigeria.  

A statement by the Corporate Communications Department of the company said a special help desk has been set up at the company’s pavilion to respond to queries while urging participants to leverage the numerous innovative products which include the: Dangote Fertiliser, Dangote Sugar, Dangote Cement, Dangote Salt, and lots more.  

Continue Reading

Business

PhotoNews: LCCI President Visits Association Of German Chambers Of Commerce And Industry (DIHK) In Berlin, Germany

Published

on

LCCI President Visits Association Of German Chambers Of Commerce And Industry (DIHK) In Berlin, Germany

Olushola Okunlade Writes

The President of the Lagos Chamber of Commerce (LCCI), Dr. Michael Olawale-Cole, CON, has paid a courtesy visit to the Association of German Chambers of Commerce and Industry (DIHK) in Berlin, Germany.

Asiwaju Dr. Michael Olawale-Cole, CON met Mr. Heiko Schwiderowski, Director of the Africa section of the Association of German Chambers of Commerce and Industry (DIHK) during a courtesy visit to the Association of German Chambers of Commerce and Industry (DIHK) in Berlin, Germany on Thursday, September 28, 2022.

LCCI President Visits Association Of German Chambers Of Commerce And Industry (DIHK) In Berlin, Germany
President of the Lagos Chamber of Commerce (LCCI), Dr. Michael Olawale-Cole, CON, and Mr. Heiko Schwiderowski, Director Africa Section of the Association of German Chambers of Commerce and Industry (DIHK) during a courtesy visit to the Association of German Chambers of Commerce and Industry (DIHK) in Berlin, Germany on Thursday, September 28, 2022.
LCCI President Visits Association Of German Chambers Of Commerce And Industry (DIHK) In Berlin, Germany
President of the Lagos Chamber of Commerce and Industry (LCCI), Dr. Michael Olawale-Cole, CON, and Mr. Edgar Zedler Head of Regional Affairs NUMOV/ German Near and Middle East Business Association during a visit to the Association office in Berlin, Germany on Thursday, September 28, 2022.

Continue Reading

Business

The Impact Of E-commerce On Supply Chain

Published

on

The Impact Of E-commerce On Supply Chain

….as Jumia leads the fast and reliable digital market hub

Olushola Okunlade Writes

The rise of E-commerce and the digital marketplace has changed the composition of consumers buying behavior and expectations, as consumers now expect fast, free shopping and competitive pricing.

This demanding delivery schedule challenges traditional logistics and supply chain models, and companies are now forced to adjust their strategies to provide the low-cost and on-demand delivery service that consumers now demand.

Technological advances in many aspects of our lives have resulted in buying, selling, and other forms of transactions being executed online. Once the consumer makes an online purchase, the work begins to transport the products from the seller to the consumer – and that’s where the logistics sector comes into play.

Statista claims that the logistics sector is one of the pillars of global trade, valued at more than 5.7 trillion euros.

In Nigeria, the logistics and supply sector is growing exponentially. According to the 2018 Logistics & Supply Chain Industry Report, Nigeria’s logistics industry was worth 250 billion naira ($696 million) as of 2018, which represents an increase of 50 billion naira ($140 million) from 2017 statistics. This value has increased over the years. The industry is currently expanding because of improved aviation and rail infrastructure, stronger international relations, expansion in the manufacturing and export industries, and continuous e-commerce growth.

E-commerce and the Supply Chain Sector

The Impact of E-commerce on Supply Chain

The supply chain links numerous parties and organisations, including consumers, enterprises, merchants, financial, and information flows. To deliver high-quality services and products, managing various groups and activities requires a method that can effectively and efficiently integrate interactions among the entities, particularly when organisations use resources from different regions of the world.

The supply chain has grown more adaptable and effective as a result of e-commerce. It has given businesses fresh and creative ways to connect with consumers. E-commerce also has made it possible for companies to offer goods directly to consumers instead of through conventional retail channels.

The increase in e-commerce adoption has made logistics services a necessary component of daily living in Nigeria’s major commercial cities. Access, cycle time, dependability, and cost of logistics are directly impacted by the state of the available infrastructure and the degree of integration. High-performance government agencies, funding, and industry expertise are also essential. Therefore, logistics is a primary marker of economic advancement as represented in trade facilitation and company competitiveness.

How E-commerce is Revolutionising the Supply Chain Sector

The Impact Of E-commerce On Supply Chain

E-commerce has several advantages in the supply chain sector. Firstly, it offers real-time data on inventory levels and order status. This lowers the possibility of stockouts or overstocks by helping businesses to make better decisions about when to produce or order products.

Collaboration between businesses and their suppliers and consumers is also made simpler by e-commerce. For instance, a business can quickly place orders and submit estimates to suppliers. This lessens the amount of paperwork required and helps to speed up the ordering process.

A company like Jumia in the supply chain sector, through e-commerce, connects vendors with consumers across a broad delivery area. As a result, local vendors and international brands can effectively reach more consumers across the country using the platform. In addition, consumers’ shifting preferences, lifestyles, and behaviours have led companies like Jumia to introduce quick commerce to make online shopping more convenient than ever before.

With speed and convenience becoming more important than ever, Jumia opened its logistics services to third parties. Its logistics network smoothly connects hundreds of logistics partners across Nigeria, from small business owners to significant logistics service providers. It offers merchants the advantage of a distributed and scalable logistics service and gives consumers quick access to the products they desire.

What Does the Future Hold for Logistics?

The Impact Of E-commerce On Supply Chain

Technology remains a strategic imperative for supply chain organisations. In the next three to five years, we will see an increase in the adoption of digital supply chain technologies, including those that improve human decision-making.

It is predicted that the future of the supply chain sector will be defined by data, analysed by artificial intelligence, and driven by machines. Gartner has predicted that by 2023, AI techniques will be embedded across 50% of all supply chain technology solutions.

Already, Jumia Logistics is leading the forefront, as the company has invested in machine learning and several data science techniques. This has helped to offer more precise delivery times based on multiple factors, and even to predict the ideal routes that delivery agents can rely on to meet their targets. Consequently, online consumers will have better experiences on the mobile app with greater certainty about the progress of their orders from purchase to delivery.

Furthermore, the company’s move into drone delivery with its recently announced collaboration with Zipline, the world’s largest instant delivery service, is another game changer for the industry. Using the latest instant logistics technology, Jumia will be able to offer consumers living in rural or remote areas on-demand delivery of the products they need.

Continue Reading

Trending