Business
LCCI Hails Dangote On The Provision Of Infrastructure, Job Creation
Olushola Okunlade Writes
Dangote Industries Limited sustained efforts at providing basic infrastructure through various intervention projects have received the commendation of the Lagos Chamber of Commerce and Industry (LCCI).
President of the LCCI, Dr. Micheal Olawale-Cole in his remarks yesterday at Dangote Group’s Special day at the ongoing Lagos International Trade Fair said the foremost indigenous conglomerate has contributed significantly in providing solutions to the problems Governments have not been able to solve in areas of food sufficiency, road construction, housing, and energy.
He noted that Dangote Group has been at the forefront of job creation even as its products and services have touched the lives of millions of people across the African continent and beyond. He enjoined other corporate bodies to toe the line of Dangote in assisting the Government, through the provision of infrastructure, even if it has to be through a tax credit scheme, introduced by the Federal Government.
Welcoming participants to the special day, Group Chief Commercial Officer, Dangote Group, Rabiu Umar, disclosed that the Group is passionate about deepening the Nigerian economy through industrialisation, job creation, provision and rehabilitation of essential infrastructure, and the welfare of the citizens. According to him, it is the desire to promote industrialisation that informs our decision to become strategic partners with all the major Chambers of Commerce across the nation.
He said, “Our participation at all major trade fairs across Nigeria demonstrates our belief that Chambers of Commerce & Industry occupy a unique position in driving economic development through their activities. Lagos Chamber of Commerce & Industry (LCCI) occupies a unique position as the pioneering chamber and has continued to play a ‘significant role in the economic growth of Lagos and Nigeria in general.”
Umar stated that the theme of the fair “Connecting Businesses, Creating Value” resonates with Dangote Group, as all investment decisions are focused on creating value for all stakeholders across the subsidiaries. He said, “we have invested in several projects which are meant to create jobs and enhance rapid industrialisation of the Nigerian economy.”
Giving an insight into the activities of the subsidiaries, he said that the activities of Dangote Cement have had a multiplier effect, providing direct and indirect employment to millions of people across Africa. He added, “Our food subsidiaries, Dangote Sugar Refinery, NASCON Allied Industries (Dangote Salt), and Dangote Rice are providing jobs through various schemes. Dangote Sugar Refinery, through its out-grower scheme, has provided jobs to thousands of farmers in the host communities. The coming of Dangote Fertiliser has to a great extent helped to change the face of agriculture in Nigeria while the Dangote Petroleum Refinery when functional will drive the development of ancillary industries which will utilize the byproducts as raw materials.”
Dangote Sugar Refinery also unveiled its new retail sugar packs during the event. Head of Sales & Marketing, Dangote Sugar Refinery, Rilwan Olawale Yusuf speaking during the unveiling said the new packs which come in three variants, 1 kg, 500 g, and 250 g will improve on-shelf brand visibility and enhance consumer preference for ‘our brand.’ According to him, the new product package will establish a clear differentiation and enhance the attractiveness of the pack.
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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