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Dangote Cement To Empower Local Communities In Its Alternative Fuel Project Value Chain 

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Dangote Cement To Empower Local Communities In Its Alternative Fuel Project Value Chain 

Dangote Cement To Empower Local Communities In Its Alternative Fuel Project Value Chain 

Olushola Okunlade Writes

As a business continually driving values for its stakeholders, Dangote Cement is to empower stakeholders in the value chain of Palm Kernel Shell (PKS) supply as part of its strategies to shore up and sustain its availability as a waste that is co-processed in the cement kiln in order to recover energy.

This, the cement manufacturer, said is part of its contribution to the global environmental preservation efforts and circular economy. 

To this end the company has instituted periodic value chain analysis and community engagements with the waste (PKS) collectors as well as the palm oil millers in communities across Nigeria to explore avenues to empowering them to bolster production which in effect will lead to the sustainable generation of PKS to be co-processed in the cement kilns, leaving zero waste. 

A team from Dangote Cement led by the Head, Alternative Fuel Project, Engr. Peter Anagbe and Head, Sustainability, Dr. Igazeuma Okoroba were at one of the farm settlements in Ikire, in the Irewole local government area of Osun State where PKS are sourced to ascertain the needs of the community and ways through which the company can empower them. 

Dangote Cement To Empower Local Communities In Its Alternative Fuel Project Value Chain 
Igaezuma Okoroba, Head, Sustainability, Dangote Cement Plc(l), and Peter Anagbe, Head, Alternative Fuel Project, Dangote Cement Plc (r) observed the palm oil kernel extraction process while Hammed Adekunle, a Palm Oil miller (Second left) and Mama Abibat Salawu (second right) explains the process at Buoye farm settlement, Ikire.
Dangote Cement To Empower Local Communities In Its Alternative Fuel Project Value Chain 
Left-Right: Peter Anagbe, Head, Alternative Fuel Project, Dangote Cement Plc; Igaezuma Okoroba, Head, Sustainability, Dangote Cement Plc and Hammed Adekunle, Palm Oil miller and PKS merchant in Buoye Farm settlement, Ikire

Engr. Anagbe told the community that Dangote Cement was desirous of ensuring sustainable collection of waste materials in the form of PKS, as a means of improving the environment and as an addition to the source of livelihood for them. 

He urged the people to always look at alternative value-adding opportunities to waste in whatever they are doing taking a cue from the PKS which hitherto was a waste that is openly incinerated, causing environmental pollution.   

One of the community leaders, Elder Hammed Adekunle, who conducted the team around the site of palm oil mills in the area explained that the mainstay of the community economy is palm oil milling and that the use of PKS for co-processing, offered the opportunity to expand and diversify. 

He lamented that the process of palm oil production, which in turn generates PKS waste, is a very tedious one and would appreciate any support from Dangote Cement for them to acquire modern machines to process the palm oil and in turn, generate the PKS.

The entire process of getting PKS from the harvesting of palm trees, he disclosed, involves as many as 30 people depending on the volume of the palm tree being harvested. 

Dangote Cement To Empower Local Communities In Its Alternative Fuel Project Value Chain 
Left-Right: Mohammed Sumaila, Technical Assistance to Plant Director and Head Alternative Fuel, Ibese; Myneni Nageswara, Acting Plant Director; Igaezuma Okoroba, Head, Sustainability, Dangote Cement Plc; Peter Anagbe, Head, Alternative Fuel Project and Mohammed Mohammed, Head of Procurement, Ibese.
Dangote Cement To Empower Local Communities In Its Alternative Fuel Project Value Chain 
Left-Right: Myneni Nageswara, Acting Plant Director; Igaezuma Okoroba, Head, Sustainability, Dangote Cement Plc; Peter Anagbe, Head, Alternative Fuel Project

Elder Adekunle expressed gratitude at the gesture of the management of Dangote Cement noting that the cement company was the first to pay them a visit and show empathy saying “this means Dangote cement values us as a critical stakeholder in the value chain of ensuring zero-waste-to-landfill by evacuating the waste palm kernel shell (PKS). 

Earlier, the Dangote team met with the various stakeholders within the Ikire hub, during which the actors in the value chain enumerated the challenges faced by them while trying to collect the waste from different locations. 

According to one of them, Prince Oloyan Lawal, a general challenge faced is the issue of logistics as they have to move from one settlement to the other to collect the waste and the settlements are usually not motorable. 

Speaking on behalf of others, he thanked the Dangote Cement team for coming to enlighten them more on waste management and the benefits inherent in the value chain. He stated that most of them are farmers and that the value exchanged for the waste (PKS as a by-product of palm oil) collection is seen as a part-time activity and given the enlightenment by the Dangote Cement team, they would devote more attention to the activity.

Engr. Anagbe and Dr. Igazeuma urged the stakeholders to have an open mindset toward a circular economy as most of the materials which are dumped as wastes are now sources of waste-to-wealth which goes a long way to improve the environment as well as the economy of the rural dwellers. 

They assured that Dangote Cement would partner with them to ensure that they reap the desired benefits from the culture of turning waste into wealth and protecting the environment. 

The team later headed to the Ibese cement plant on a tour of the Alternative Fuel Pneumatic Feeding System and the PKS storage area. The feeding system was fabricated and assembled in-house, using obsolete equipment that was recycled. The feeding system systematically dozes the PKS into the calciner of the cement kiln, where the waste is co-processed at high temperatures, leaving zero waste and emissions. 

Acting Ibese Plant Director, Mr. Myneni Nageswara, who received the team members, thanked them for its efforts at ensuring that Dangote Cement is not left behind in the global efforts at providing alternative fuel sources to traditional fossil fuels, thereby mitigating the impact of emission and conserving energy. 

He particularly praised the Ibese team for a job well done in the fabrication of the Pneumatic Feeling system which uses the PKS to thermally substitute the heat energy required by the kiln in the cement-making process. He urged management to fast-track the installation of additional feeding systems to increase the waste co-processing capacity of the plant.     

Engr. Anagbe explained that the visit was necessitated by the shift in global attention to alternative fuel sourcing, which is expected to contribute to the realization of ‘zero emission’ and ‘zero waste’ concepts. He added that alternative fuel can be produced from other agricultural wastes, municipal wastes, and commercial and industrial wastes, thereby contributing to minimizing waste in landfills.

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FBNHoldings Wins Two Awards At Nigerian Investor Value Awards

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FBNHoldings Wins "Best Performing Stock And Best Stakeholders’ Communications Of The Year" At NIVA Awards 2022

Best Performing Stock

Best Stakeholders’ Communications of the Year

Olushola Okunlade Writes

Nigeria’s leading financial services group and holding company, FBN Holdings Plc, has won two awards at the Year 2022 Nigerian Investor Value Awards (NIVA). The prestigious event, which was held last Saturday at the Lagos Continental Hotel, Victoria Island, Lagos was organised by BusinessDay, in collaboration with the Nigerian Exchange Limited.

The first award was in the Best Performing Stock, among the bank holding companies category. The statement from the organisers read that, FBNHoldings within the period under review, had the best share price performance with a capital gain of 59.44% and a total return of 65.73%. 

Best Stakeholders’ Communications of the Year was the second award. According to the organisers, the consideration for the award was predicated on the fact that ‘FBNHoldings has a high quality, information-rich annual report, timely quarterly results communication, and a comprehensive investor relations website.’ 

FBNHoldings Wins "Best Performing Stock And Best Stakeholders’ Communications Of The Year" At NIVA Awards 2022
Left-Right: FBNHoldings Plc’s team at the event, Bode Oguntoke, Head, Internal Audit, FBNH, Opeyemi Okojie, Head, Strategy & Corporate Development, FBNH, Wale Ariyibi, Chief Financial Officer, FBNH receiving the award from Jude Chiemeka, Divisional Head, Capital Markets, Nigerian Exchange Limited, Ogho Okiti, MD/CEO BusinessDay Newspaper, and Simisola Salami, Team Lead, Communications & Shareholders Engagement, Investor Relations FBNHoldings Plc at the year 2022 Nigerian Investor Value Awards which held at Lagos Continental Hotel, Kofo Abayomi Street, Lagos last Saturday.

Commenting on the awards, the FBNHoldings Group Managing Director, Nnamdi Okonkwo said; “we are delighted to have been recognised for the high returns the share price of our great institution provided to our shareholders and investors in the year. This remains consistent with our focus of enhancing shareholder value”. Adding further, Okonkwo posited that “winning the second award on stakeholders’ communication demonstrates the quality of our disclosure, the excellent relationship with our stakeholders and the strong Investor relations practice. This epitomises the value our Group brings across engagements with our various stakeholders, which helps to make ours, the brand of the first choice”.

The NIVA Awards are being held for the second year in a row. It was formerly the Top 25 CEOs Awards which was held for over eight years. These latest awards are coming on the back of the recent International Finance awards where FBNHoldings won two awards, Best Investor Relations – Banking – Nigeria and Most Diversified Financial Portfolio Services – Nigeria.

Know More About FBN Holdings Plc: FBN Holdings Plc. is the non-operating financial holding company of one of the largest banking and financial services organisations in Africa. A truly diversified financial services group that offers a broad range of products and services, including commercial banking, merchant banking, and asset management and insurance to millions of customers. FBNHoldings oversees business groups that collaborate to deliver innovative financial solutions.

The bank and the non-bank subsidiaries of the holding company operating in Nigeria, as well as through overseas branches, subsidiaries, and representative offices across the world. The companies in the FBNHoldings Group include; First Bank of Nigeria Limited (FirstBank), a commercial bank with operations in 10 countries; the Merchant Banking and Asset Management business of FBNHoldings, which comprises FBNQuest Merchant Bank Limited, FBNQuest Capital Limited, FBNQuest Trustees Limited, FBNQuest Asset Management Limited, FBNQuest Funds Limited, and FBNQuest Securities Limited.

In the Insurance business line, the 20-year-old Insurance broking Company, FBN Insurance Brokers Limited is a subsidiary of the FBN Holdings Plc offering broking and advisory services to the Group’s captive businesses and other clients.          

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Alliance For Youth Nigeria Equips Youth Across The Country For Employment

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Alliance For Youth Nigeria Equips Youth Across The Country For Employment

…Alliance for Youth Nigeria is investing in young Nigerians, equipping
them with the right skills, and information to thrive and succeed in the world of work – Uwadoka

Olushola Okunlade Writes 

Alliance for Youth Nigeria equips youth across the country for employment

Over 200 fresh graduates across Nigeria have received employability skills training facilitated by the Alliance for Youth Nigeria. The training comprised Building Winning Resumes, Career Positioning, Personal Brand Marketing, Personal Effectiveness, Time
Management, and Starting the Career Journey among others.

In addition, the best performers will benefit from internship and mentoring opportunities in the six companies that form part of the Alliance. At the end of the training, some participants of the training also had the unique opportunity of partaking in job interviews and placements, progressing on their career journeys.

Alliance For Youth Nigeria Equips Youth Across The Country For Employment
Left-Right: Mrs. Omomene Odike, CEO, U-Connect Human Resources Limited Edidiong Peters, Public Affairs Specialist, Nestlé Nigeria PLC Victoria Uwadoka, Corporate Communications, and Public Affairs Manager, Nestlé Nigeria PLC; Second Row Left-Right: Oyinlola Lawal, Youth Engagement Analyst, Jobberman Nigeria Damilola Odubanjo, Learning, and Development Associate, Jobberman Nigeria Olugbenga Alabi, Category and Marketing Manager, Coffee, Nestlé Nigeria PLC Uche Aso, Head, Learning and Development, U-Connect Human Resources Limited Lanre Coleman, Head, Recruitment and Outsourcing, U-Connect Human Resources Limited.
Alliance For Youth Nigeria Equips Youth Across The Country For Employment

Launched in August 2021, the Alliance is a business-driven movement of organizations passionate about working together to help young people around the country get the necessary skills to thrive in the world of work. Members of the Alliance for Youth Nigeria include Nestlé Nigeria, Jobberman Nigeria, Sterling One Foundation, Big Bottling Company, the United Nations Global Compact Network Nigeria, and U-Connect HR Limited, with Lagos State Employment Trust Fund and Activate Success International as partner organizations.

The member and partner organizations have positioned themselves to invest in joint and individual projects to give young Nigerians meaningful work experience, internships, readiness-for-work training, and mentoring opportunities in line with the United Nations Sustainable Development Goal 8 – to promote sustained, inclusive, and sustainable economic growth, full and productive employment, and decent work for all by 2030.

The employability skills training is one of the projects of the Alliance designed to meet the target of reaching more than 250,000 young Nigerians with employability and entrepreneurial skills to enable them to secure gainful employment or set up businesses of their own within 3 years. This objective, which was announced during the launch of the Alliance, is in line with their commitment to work together to address the challenges of youth unemployment in the country with the associated social and economic impact.

Alliance For Youth Nigeria Equips Youth Across The Country For Employment
Tosin Babasanya-Craig, Country Manager, Performance Fact Inc. facilitating one of the Alliance for Youth Nigeria sessions to equip youth across the country for employment.

Speaking at the opening session of the training, Victoria Uwadoka, Corporate Communications, and Public Affairs Manager, Nestlé Nigeria PLC said, “I am delighted that yet again, the Alliance for Youth Nigeria is investing in young Nigerians, equipping
them with the right skills and information to thrive and succeed in the world of work. At Nestlé, we believe that society cannot thrive if we fail to offer a future for the young generations. The Alliance will continue to work together with other stakeholders in line with the United Nations Sustainable Development Goal 8 in fulfilling the huge target we
have committed to and I encourage young people around the country to take advantage of the available opportunities”.

Also speaking at the training, Mrs. Omomene Odike, CEO U-Connect Human Resources Limited, congratulated the youth for their interest and dedication to achieving their career and business goals demonstrated by their participation in the training. She further highlighted the value-adding opportunity of job interviews and placements provided by her organization for participants of the training, urging them to take maximum advantage of the offer.

According to Innih Ikhide, Youth Engagement, and Learning Manager Jobberman Nigeria, “Jobberman is dedicated to creating increased pathways for young people to access dignified livelihoods for a better Nigeria”.

For Naomi Nwokolo, Executive Director, United Nations Global Compact Network Nigeria, “The active engagement of youth in sustainable development efforts is central to achieving sustainable, inclusive, and stable societies by the year 2030, and averting the worst threats and challenges to sustainable development, including the impacts of unemployment. The beneficiaries of the training have shown a willingness to improve their skills and attain professional development and are now more equipped for successful participation in job recruitment processes”.

On behalf of other participants, Adasa Okandiji, commended the member companies for the excellent upskilling platform provided to equip and better position young Nigerians for a productive career, now and in the future. She expressed her readiness and that of other participants, to fully utilize the value-adding information obtained in creating their desired future. She also called on youth across the country to be deliberate about seeking out and taking advantage of existing opportunities, particularly that provided by the Alliance.

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FBNHoldings Wins “Best Performing Stock And Best Stakeholders’ Communications Of The Year” At NIVA Awards 2022

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FBNHoldings Wins "Best Performing Stock And Best Stakeholders’ Communications Of The Year" At NIVA Awards 2022

…FBNHoldings Plc Wins NIVA Awards

Olushola Okunlade Writes

FBNHoldings Plc has won two awards, Best Performing Stock and Best Stakeholders’ Communications of the Year at the 2022 Nigerian Investor Value Awards (“NIVA”) which was held at Lagos Continental Hotel, Lagos last Saturday, May 14th, 2022.

According to the organizers, “Best Performing Stock and Best Stakeholders’ Communications of the Year Award” was conferred on FBN Holdings Plc for proven the resilience of its business model, and recovery capacity across all verticals it participates in, and strategic opportunism in new growth areas.

This award is in recognition of the indelible contributions of FBNHoldings Plc and its subsidiaries to the economic growth of Nigeria, throughout its 128 years of existence; representing all that is enviable about the financial services industry in Nigeria, reinventing itself to transform into a digital bank with sprawling footprints across the country and Africa.

FBNHoldings Wins "Best Performing Stock And Best Stakeholders’ Communications Of The Year" At NIVA Awards 2022
Left-Right: FBNHoldings Plc’s team at the event, Bode Oguntoke, Head, Internal Audit, FBNH, Opeyemi Okojie, Head, Strategy & Corporate Development, FBNH, Wale Ariyibi, Chief Financial Officer, FBNH receiving the award from Jude Chiemeka, Divisional Head, Capital Markets, Nigerian Exchange Limited, Ogho Okiti, MD/CEO BusinessDay Newspaper, and Simisola Salami, Team Lead, Communications & Shareholders Engagement, Investor Relations FBNHoldings Plc at the year 2022 Nigerian Investor Value Awards which held at Lagos Continental Hotel, Kofo Abayomi Street, Lagos last Saturday.

FBN Holdings Plc has been providing exceptional services to its customers, bringing mainstream banking to Nigeria’s 774 LGAs. Through its Agent Banking Platform, they empower people and transform lives. Its shareholders remain key to its success story and every day it strives to deliver quality returns on its investment whilst strengthening the fundamentals of the business through smart investment in technology, our people, and process. As a business, it also prioritizes Nigeria’s Economic, Social, and Governance practices to ensure the sustainability of the environment.”

The company has won many awards for its portfolio.

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