Business
Dangote Alone Cannot Fix Nigeria’s Road Infrastructure – Reps
Olushola Okunlade Writes
The challenges of road infrastructure in Nigeria cannot be fixed by the Dangote Group alone, members of the House of Representatives have said.
Speaking during a working visit of the House Committee on Federal Road Safety Commission to the Dangote Cement Plant Obajana on Thursday, the chairman of the committee, Hon. Akinfolarin Mayowa Samuel said there must be a collaborative effort between the government and private sector in the management of Nigerian roads.
The Chairman who bemoaned the traffic gridlock at Kabba Junction in Kogi State, urged the company to up its interventional scheme by easing traffic gridlock, adding that the Lokoja-Kabba road was sensitive and central to the road network in the country.
“Permit me to say thank you for what Dangote is doing. The problem of Nigeria cannot be solved by one person. I must say the country is lucky to have a company like Dangote. Let me add also that we are critical stakeholders. That is why we are here to complement your effort,” he said.
He urged the company to support the government in the areas of road expansion, and dualization, saying the government was grateful for all the interventions in the country.
In his response, Dangote Cement’s National Director of Logistic Mr. Carlos Juan Rincon said the company will not rest on its oars in the areas of infrastructural development of the country.
According to him, even though it is the responsibility of the government to provide road infrastructure, the company will continue to lend a helping hand, as exemplified by the construction of Nigeria’s longest concrete road in Kogi State.
Mr. Rincon said the Lokoja-Road is being overstretched because other roads linking the North and the south are grossly in a state of disrepair.
Spokesman of the Federal Road Safety Commission Bisi Kazeem commended the Dangote Group for making the visit of the lawmakers a success.
“For the fact that the committee has visited, and there is a partnership between government and private sector, shows Nigeria is working. I think we should give kudos to the Dangote Group,” he said.
Speaking in the same vein, the Bajana of Obajana Land, Oba Idowu Senibi described Dangote as God’s chosen for his numerous interventions, adding that he can however do more to support the government in road construction and rehabilitation.
He suggested the construction of a bypass and crossover road to support the Dangote Cement trailer, and further help the flow of traffic.
In the same vein, the Olu Apata Dr. Frederick D.O. Balogun expressed appreciation and pledged his community’s continuing support for the company. He however said his community has also embarked on community service to support the government and the company.
Rashidat Okunlade Writes
Mr Olaniyi Toluwalope, Managing Director and Chief Executive Officer, eTranzact International PLC, has bagged Business Day’s Top 25 CEOs award in recognition of his company’s stellar performance on the Nigerian Stock Exchange.
Speaking during the award ceremony last weekend in Lagos, the publisher, Business Day Media Ltd., Mr. Frank Aigbogun stated that the award is more than just a recognition ceremony, but a reward for excellence, innovation, and drive for positive change.
According to the publisher, the eTranzact boss and other awardees have demonstrated extraordinary leadership, resilience and relentless pursuit of a result of success and this remarkable achievement in growing market value within the period of review stands them out as industry leaders, serving as a beacon of inspiration, admiration and respect from their peers and stakeholders alike.
“This has made us gather to celebrate your achievements, passion, and your dedication to excellence. As we recognize the countless hours of hard work, sleepless nights, and sacrifices that go into building and leading a successful business, your resilience in the face of challenges is truly commendable and it is an honour to acknowledge and celebrate your triumphs,” he concluded.
Responding after the award, Mr Olaniyi Toluwalope said the award is a testament to what they have been doing in the financial technology sector within the past 20 years.
Left-Right: Mr. Frank Aigbogun, Publisher BusinessDay presenting Mr Olaniyi Toluwalope : MD/CEO, eTranzact Plc the award recognition of the company’s stellar performance on the Nigerian Stock Exchange during the Top 25 CEOs Award in Lagos.etra
Toluwalope said: “This award means a lot to us since we began the journey of transformation as an organisation a couple of years ago.”He believed the board, the management, and the entire team have worked very hard to reimagine strategy, focusing extensively on execution capability. “We have built more partnerships, deepened our collaboration with the government, private sector, with lots of our financial service partners. The quality of products and solutions we offer coupled with the investment we have made in technology infrastructure is the outcome of all we are seeing now in terms of our improvement and top performance.”
“As one of the top fintech companies in the country, having been around for over 20 years, doing great things and setting new standards and creating pioneer products and solutions, these are the things that have created the pillars which we stand on today, which is what is creating this visibility and identification we are seeing and benefiting from,” he said. It is worth noting that, eTranzact under the leadership of Mr. Toluwalope recorded the highest-ever profitability in the 20-year history of the company in its 2022 financial year.
The company is already on the upward trajectory to build on the gains of the performance by continually providing world-class solutions and products to its discerning clients which cuts across both public and private sectors.
…as BusinessDay honour Top 25 CEOs
Rashidat Okunlade Writes
Nnamdi Okonkwo, Group Managing Director of FBN Holdings Plc, has bagged outstanding CEO in the just concluded Top 25 CEOs Awards organized by BusinessDay that was held at the Ballroom of the Federal Palace Hotel, Victoria Island, Lagos last Saturday.
Left-Right: Adewale Arogundade, Acting Company Secretary, FBNHoldings, Tolu Oluwole, Head, Investor Relations, FBNHoldings, Nweke (Junior), former Director General, Nigerian Economic Summit Group, Oyewale Ariyibi, Executive Director, Finance FBNHoldings, Frank Aigbogun, Publisher, BusinessDay, and Wasiu Shafe, Financial Controller, FBNHoldings.
In this year’s edition of the BusinessDay Top 25 CEOs, the publication recognised 25 Chief Executive Officers and Managing Directors of various listed firms on the Nigerian Stock Exchange (NGX) who experienced outstanding financial development and also made important contributions to their respective industries.
FBNHoldings team that graced the event are Adewale Arogundade, Acting Company Secretary, FBNHoldings, Tolu Oluwole, Head, Investor Relations, FBNHoldings, Nweke (Junior), former Director General, Nigerian Economic Summit Group, Oyewale Ariyibi, Executive Director, Finance FBNHoldings, Frank Aigbogun, Publisher, BusinessDay, and Wasiu Shafe, Financial Controller, FBNHoldings.
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