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Polaris Bank Supports Entrepreneurs With N2Million, Reiterates Commitment To SMEs With Sponsorship At The Fashion Souk 2021

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Left-Right: Chairman Eventful Limited and Convener of Fashion Souk, Yewande Zaccheaus; Ist Equipment Prize winner Oluwatosin Ogunbanjo and Polaris Bank MD/CEO Mr. Innocent Ike presentiing N750,000 cheque to the winner at the fifth edition of Of Fashion Souk 2021 on Sunday.

Good creativity and innovative idea will always attract funding from banks even individuals who will like to invest in the idea because they know is viable”  – Innocent Ike

Rashidat Olushola Okunlade Writes

Polaris Bank, a leading retail bank with outstanding global SME’s support, and the best digital bank of the year because of their VULTE platform, and the lead sponsor of Fashion Souk 2021 for five consecutive times has reiterated its commitment by funding entrepreneurs with N2million to support their businesses at the fashion fair event.

The event held at HabourPoint Event center on Sunday, 5th of December, 2021 hosts many dignitaries, entrepreneurs, and buyers. Polaris Bank also provided business advisory at no cost and a free stand at the fashion fair venue for constant participants.

Polaris Bank, a digitally-enabled bank focused on providing superior financial solutions and products to its customers. The Bank has developed SME-friendly products to cater to the needs of SMEs based on sector/industry-specific, ranging from SMEs in the Health sector, Education, Manufacturing, General business, Agriculture, Export, Creative Industry, etc.

The bank in its statement said “This is an expression of our support to SMEs as the catalyst for propelling the growth of the Nigerian economy. The event (Fashion Souk 2021) is an enabling platform for SMEs to showcase their products/services to buyers, be it Business to Person (B2P) and Business to Business (B2B)”.

Mr. Innocent Ike, MD/CEO of Polaris Bank in his statement at the fifth edition of Fashion Souk 2021, said “It’s a great event, as we came together to make it what it is today and what makes the difference is the idea, that creative idea in young entrepreneurs and the ability to sit down and put it together diligently and articulate”. “A lots of young entrepreneurs will complain of inability to do some things because of funding or lack of capital, let me put it straight to you that this is a testament to the fact that the most important capital you need is the ENTREPRENEUR SPIRIT. Good creativity and innovative idea will always attract funding from banks even individuals who will like to invest in the idea because they know is viable” while appreciating co-sponsors and everyone.

Mrs. Yewande ZaccheausChairman Eventful Limited, and Convener of Fashion Souk, while appreciating the main and lead sponsors at the fifth edition of the fashion fair stated that “It’s extremely passionate to my heart because it is a way to help the entrepreneurs and create a platform to express themselves. If we don’t have organisations like this to sponsors, we are unable to make it happen, it just not possible. “We can have all the skills and gather as many vendors but if we don’t have the money to back it, we can’t do it”.

She also acknowledged Main Sponsors such as Eventful, LIRS, HabourPoint Event centre, BOI, MTN that provided free wifi, and Lead Sponsor Polaris Bank.

Toyin George owner of Eva & George store for kids and Olushola Christy Adeyanju who was camera shy won the most original and best-decorated store prize.

Royal Klassic by Tunde Isah won the 3rd Equipment Prize of N250,000, Victoria Udoh who based on fabrics won the 2nd Equipment Prize of N500,000, and Oluwatosin Ogunbanjo Avenue 7 who makes bags and shoes won the First Equipment Prize of N750,000.

Polaris Bank Supports Entrepreneurs With N2Million, Reiterates Commitment To SMEs With Sponsorship At The Fashion Souk 2021
Polaris Bank Supports Entrepreneurs With N2Million, Reiterates Commitment To SMEs With Sponsorship At The Fashion Souk 2021
Polaris Bank Supports Entrepreneurs With N2Million, Reiterates Commitment To SMEs With Sponsorship At The Fashion Souk 2021
Polaris Bank Supports Entrepreneurs With N2Million, Reiterates Commitment To SMEs With Sponsorship At The Fashion Souk 2021
Polaris Bank Supports Entrepreneurs With N2Million, Reiterates Commitment To SMEs With Sponsorship At The Fashion Souk 2021
Polaris Bank Supports Entrepreneurs With N2Million, Reiterates Commitment To SMEs With Sponsorship At The Fashion Souk 2021

“In line with our strategic thrust as a leading retail bank, we are committed to channeling resources and funds into impacting the growth of SMEs across segments, one of such is players within the Fashion and beauty industry. Indeed, we have not only sponsored the sector but have also provided business loans to enable interested SMEs to stock up for the event. We chose this path alongside other key stakeholders such as the CBN and BOI to develop small and medium businesses to achieve their potential.

The one-day Fashion/business fair provides a platform for over 150 SMEs in Nigeria’s fashion industry to showcase their creativity, product lines, and economic potentials. Some of the categories of SMEs at the Fashion Souk 2021 include; Manufacturers, Retailers, Leather, and Jewelry/ accessories. The fair creates the much-needed road to market for budding fashion entrepreneurs whilst also expanding the target market of the more established designers. Several visitors and buyers are also graced to attend.

Nigeria’s fashion sub-sector has huge and untapped potentials capable of reducing the rate of unemployment in the country. According to statistics by the Fashion Association Designers of Nigeria (FADAN), Nigeria’s fashion industry is valued at $10 billion. According to Africa Development Bank (AfDB) figures. The Global fashion industry is worth over $2.5 trillion with Africa’s share estimated at less than 1% of the total values in 2020, putting Africa’s entire textile/clothing market at more than $31 billion.

Polaris Bank said they are committed to reviving the fashion industry as well as other key viable sectors and industries beyond sponsorship but with products/services and financial advisory even for the key players within the value chain.

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Betamark Organises 2-Day Training For Entrepreneurs, SMEs On How To Make Yoghurt With Soy Powder

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Betamark Organise 2-Day Training For Entrepreneurs, SMEs On How To Make Yoghurt With Soy Powder

Betamark Organises 2-Day Training For Entrepreneurs, SMEs On How To Make Yoghurt With Soy Powder

Olushola Okunlade Writes

Betamark Production Company Limited has organised two 2-day training for entrepreneurs, SMEs in food production on how to start Soy Yoghurt with Soya Powder in Nigeria.

The soy yoghurt has appealed to the tastes of diverse cultures as most milk packaging companies in Nigeria have adopted soy powder technologies.

With the increasing awareness of the nutritional value of soy powder, ease of preparation and availability of the raw materials, the market is assured. It is everyone’s delicacy who has tasted it, especially school children, workers, oil and young.

Betamark Production Company Limited has teamed up with Spectra Industries to equip willing candidates with a two 2-day intensive training programme on 20-21 January 2022 aimed at supporting small businesses to grow in the food production sector.

Interested candidates are to pay #25,000 to BETAMARK PRODUCTION COMPANY ACCOUNT NUMBER- 0027947080 STANBIC IBTC BANK and send details of payment to betamarkindustries@gmail.com and for more details call 09033446662.

The training will hold at Plot 1, Suco Road, Oko-Oba, Agege, Lagos from Thursday 20 – Friday 21, January 2022.

Apart from the lucrative nature of this business, it is also rich in vitamins and helps to nourish the body. Invariably, you are nourishing the Nigerian society as you sell yoghurt to them.

The word “Yoghurt” is no longer a new term to many Nigerians as they have come to love ice cream because of its rich nutritional content and amazing soured milk taste, adding Soy Powder is another rich taste that any yoghurt lover cannot resist.

Yoghurts have become a choice for many Nigerians both kids and adults alike. It is not uncommon to see school children enjoy yoghurts with snacks like buns, chin-chin, sausage roll, eggroll, wheat, meat pie and other snacks.

This is not limited to children alone as adults do the same especially at workplaces and when they are travelling, thus making yoghurt marketing in Nigeria a very lucrative business venture to go into.

One of the ways to start soy yoghurt production in Nigeria is becoming interesting and is by not only limiting your business choice to yoghurts alone but also including other variants like soy powder.

The physical programme is a two 2-day training program that will provide business owners with supports to accelerate food production skills.

in food production

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Institute For Tourism Professionals Elected Otunba Ayo Olumoko As Zonal Vice President

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Institute For Tourism Professionals Of Nigeria Elected Otunba Ayo Olumoko As Zonal Vice President

…emulate Otunba Olumoko by remaining steadfast as its ambassadors in the promotion of its aims, says Chief Odusanwo

Olushola Okunlade Writes

The National President of the Institute for Tourism Professionals of Nigeria (ITPN), Chief Abiodun Odusanwo FITPN, has extolled the virtues of Otunba Ayodele Olumoko as a dedicated Fellow of the Institute who has put in his very best to place the Institute on a sound footing during his official induction as the National Vice President, SouthWest zone of ITPN.

Otunba Ayodele Michael Olumoko,  an astute Cultural heritage promoter, integrated marketing communications professional; his footprints at major festivals in Nigeria aimed at promoting cultural tourism can never be abdicated at festivals such as the Osun Oshogbo International Festival Oshogbo, Ojude Oba Festival, Ijebu Ode; Ebi-Epe Festival, Epe Lagos; Argungu International Fishing Festival Kebbi State just to mention a few.

His leadership qualities are impeccable and his network within the corporate circle is a factor that cannot be underestimated. He has served humanity meritoriously, a bonafide member, Past President of Rotary Club of Ikeja in Lagos State.

In the Tourism Sector dates back to 1999 he was appointed Chief Festival Consultant to the UNESCO listed Osun Osogbo Grove Festival, a position he held for 21 years before he was appointed the Cultural Consultant to the Ooni of Ile-Ife, a position which he still holds till date.

Otunba Ayodele Olumoko, Chairman of Infogem formed in I998, joined FTAN as an Associate (now Affiliate) Member following which he became the Chairman of the Lagos State Chapter between 2007 and 2010 and later became the Secretary of the South West region of FTAN.

Chief Abiodun Odusanwo who made the commendation while presenting the Certificate of Office to Otunba Ayo Olumoko at the Headquarters of the Institute in Abuja on Thursday 6th January 2022, said Otunba Ayodele Olumoko has been one of the founding fathers and promoters of culture and tourism in the country and whose contributions have impacted positively well on ITPN in the upliftment of its tenets and ideals for the growth of the institution.

Speaking further, Chief Odusanwo called on other members of the Institute to emulate Otunba Olumoko by remaining steadfast as its ambassadors in the promotion of its aims and objectives to the larger Nigerian society and importantly, to critical key players and stakeholders in the travel, tourism, culture, hospitality, and creative industry as well as its allied branches.

Institute For Tourism Professionals Of Nigeria Elected Otunba Ayo Olumoko As Zonal Vice President
LEFT-RIGHT: CHIEF ABIODUN ODUSANWO WHILE PRESENTING THE CERTIFICATE TO OTUNBA AYODELE OLUMOKO.
Institute For Tourism Professionals Of Nigeria Elected Otunba Ayo Olumoko As Zonal Vice President
Institute For Tourism Professionals Of Nigeria Elected Otunba Ayo Olumoko As Zonal Vice President
LEFT-RIGHT: CHIEF ABIODUN ODUSANWO WHILE PRESENTING THE CERTIFICATE TO OTUNBA AYODELE OLUMOKO.
Institute For Tourism Professionals Of Nigeria Elected Otunba Ayo Olumoko As Zonal Vice President
OTUNBA AYODELE OLUMOKO.
Institute For Tourism Professionals Of Nigeria Elected Otunba Ayo Olumoko As Zonal Vice President
OTUNBA AYODELE OLUMOKO.

He noted that ITPN has four major mandates which are – to develop and administer Qualifications; approve and monitor training centres and learning providers as certificate Awarding body; to provide continuous professional development for private sector operators and public service personnel and to award recognized certificates and membership for every category of staff at different levels of skills in the tourism, and allied areas of the industry.

In his acceptance speech, Otunba Olumoko said he felt highly honoured with the continuous call to professional service which according to him will spur him into offering greater and better services to the Institute in particular and the country’s travel, tourism, and hospitality industry at large.

He noted that tourism, especially cultural tourism remains, one of the country’s untapped goldmines that if properly harnessed, has the potential to lift millions of Nigerians out of poverty through job provisions and employment opportunities.

Otunba Olumoko then called on all key players and stakeholders in the industry to join hands with ITPN in its efforts to enhance professional practices and conducts of both private sector practitioners and public service personnel to enable the industry to provide better quality service delivery as well as help in salvaging Nigerian economy for better growth and development.

The Institute for Tourism Professionals of Nigeria is the Nigerian premier national certification and professional membership body for hospitality, travel-tourism and allied occupations. It represents members working in the public, private, and non-profit making organizations which ensures the highest standards of professional competence of practitioners in the Nigerian tourism and hospitality industry.

Institute For Tourism Professionals Of Nigeria Elected Otunba Ayo Olumoko As Zonal Vice President
Institute For Tourism Professionals Of Nigeria Elected Otunba Ayo Olumoko As Zonal Vice President

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BUA, Wartsila OY Of Finland Sign Agreement For Construction Of 70MW Power Plant For BUA Cement Sokoto Line 4

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BUA Cement Plc. Chairman, Abdul Samad Rabiu while signing the agreement with Wartsila Oy of Finland to build a 70MW power Plant for BUA Cement Sokoto Line 4.

Olushola Okunlade Writes

BUA Cement Plc has signed an agreement with Wartsila OY of Finland for the construction of a 70megawatts dual-fuel power plant for the BUA Cement Sokoto Line 4in Sokoto state, North-West Nigeria.

This announcement comes as BUA Cement recently revealed that it was looking to boost its production capacity in Nigeria over the next 3 years with new plants in the works.

In addition, this will be the second plant to be constructed by Wartsila for BUA Cement – the first being the BUA Cement Sokoto power plant scheduled to be commissioned alongside the plant in November 2021.

Speaking at the signing ceremony, Abdul Samad Rabiu, Chairman of BUA Cement Plc who signed on behalf of the cement producer said BUA Cement will continue to invest strategically in the West African Cement industry to enable it to bridge the huge infrastructure and housing deficit.

According to Rabiu, “BUA Cement is happy and pleased with the progress that Wartsila made with the construction of the power plant we initially purchased for our BUA Cement Sokoto Line 3 which we expect will begin commissioning by November alongside the power plant. We believe Wartsila will bring the same level of efficiency, technical expertise, and professionalism to bear in ensuring that this new power plant for the 3million Mtpa BUA Cement Sokoto Line 4 will be completed on schedule by the end of next year as we look towards bringing BUA’s total capacity in its Sokoto plant to 8 million metric tonnes by early 2023 and 17million metric tonnes across all its plants by the same time.”

BUA, Wartsila OY of Finland sign agreement for construction of 70MW Power Plant for BUACement Sokoto Line 4
BUA Cement Plc. Chairman, Abdul Samad Rabiu while signing the agreement with Wartsila Oy of Finland to build a 70MW power Plant for BUA Cement Sokoto Line 4.

On his part, Mark Thiriet, Energy Business Director at Wartsila West Africa said Wartsila was proud to partner with BUA Group on this BUA Cement Sokoto Line 4 project. He said that Wartsila will bring its technical expertise and globally recognized technology to bear in bringing the project to completion.

BUA Cement Plc is Nigeria’s second-largest cement company and the largest producer in its North-West, South-South, and South-East regions. BUA Cement operates strategically from Okpella, Edo State, and Kalambaina, Sokoto State with its headquarters in Lagos, Nigeria.

Currently the second most capitalized manufacturing company on the Nigerian Stock Exchange (NSE), BUA Cement is committed to quality – a differentiating attribute, driven by its people, innovation, and technology; and positioned to solve West Africa’s cement under capacity while driving economic growth and development.

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