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Seplat Energy, C4C Youth Empowerment Programme Lifts 22 Entrepreneurs 

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Seplat Energy, C4C Youth Empowerment Programme Lifts 22 Entrepreneurs 

Olushola Okunlade Writes      

Seplat Energy Plc, a leading Nigerian energy company listed on the Nigerian Exchange and the London Stock Exchange, in partnership with Conversations for Change (C4C) has empowered a total of 22 entrepreneurs from the duo’s Youth Entrepreneurship Programme.

The event had the entrepreneurs unveil their business plans following the 2022 C4C Global Entrepreneurship Fellowship Programme, and was held at the Lux Terra Leadership and Training Centre, Abuja.

The empowered entrepreneurs and their areas of business are Oluyemi Oyinleye (Café business); Pauline Musa (Catering); Maryam Musa (Spices); Mary Oteikwu (Fish drying); Justin Agbo (Fashion); Joseph Agu (Fashion); Chizoba Okolo (Fashion/fabric sales); Adebola Olamide Greatness (Fashion); Regina Etuka (Fashion); Blessing Gabriel (Bag making); Princess Esther Samuel (Shoemaking); and Emmanuel Ogwuche (Footwear).

Others are Nancy Otokina (Confectionaries); Adeola Samuel (Confectionaries); Gladys Emuh; (Agro-processing); Patience Sunday (Palm oil production); Brume Aina (Herbal skincare); Bright Bello (Salon & Spa); Ogechi Iwuanyanwu (Plants & Flowers); Olufunbi Akinyemi (Gift curator); Benedict Gabriel (Photography); and Stephen Ahor (Laundry services).

Seplat Energy, C4C Youth Empowerment Programme Lifts 22 Entrepreneurs 
22 empowered entrepreneurs pose with Seplat Energy and Conversation for Change teams at the 2022 Youth Entrepreneurship Programme held in Abuja.

The beneficiaries from the programs have been equipped to begin their business empires, which are expected to grow and flourish as well as provide support to not just themselves and their families, but also for communities, countries, and indeed the world.

C4C is a non-profit organisation with a major objective of empowering young people to participate more effectively in all relevant areas of development. 

Efforts are focused on young people aged 18-40, in the belief that they are ready to embark on being valuable and creative members of their society and therefore are most in need of the inspiration, empowerment, guidance, and support to do so.

Speaking to the entrepreneurs at the ceremony held in Abuja on Friday, the Director, External Affairs and Sustainability, Seplat Energy, Dr. Chioma Nwachuku, said: “You are indeed equipped for your next phase in your various enterprises. Thanks to C4C and to Seplat Energy for enriching you with the knowledge and competencies you need to grow your business. The greater appreciation and kudos, however, go to you, for having the capacity to establish your striving enterprise. 

“Congratulations dear C4C-Seplat Global Entrepreneurship Fellowship Program 2022 Graduates!

“We are happy at Seplat Energy to play a big role in changing the narrative of the Nigerian Youth. You are no longer the leaders of tomorrow rather, with the empowerment you have received over the year, you are the change agent of your generation. We are quite elated with the level of creativity and passion you all exhibited and truly, the sky will not be your limit.”

Empowerment is one of the strong pillars on which Seplat Energy is addressing social challenges in Nigeria, particularly that of Sustainable Development Goals’ 1, 2, and 8 on no poverty, zero hunger, and decent work and economic growth. We believe that as soon as these critical SDGs are addressed, other things will follow, Dr. Nwachuku explained.

She added: “In this regard, we felicitate also with Conversations for Change, our visionary partners on this journey for a great job well done. Dear 2022 graduates, we have great confidence in your ability to further excel. Congratulations, and we pray for your continued success.”

Responding, the President/Founder, C4C, Dr. Kechi F. Ogbuagu, thanked Seplat Energy for its invaluable support over the years while pledging C4C’s resolve to the empowerment of the youth population to drive national economic prosperity.

The entrepreneurs thanked Seplat Energy and C4C for the huge investment in their future and wished both organisations the best of success in all their endeavour.  Two presentations of interest were from Blessing Gabriel who used various materials, including waste to make bags; and Ogechi Iwuanyanwu who presented plants and flowers for different uses.

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Sterling One Foundation Wins CSR Award of Excellence

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Sterling One Foundation Wins CSR Award of Excellence

Olushola Okunlade Writes

Sterling One Foundation has won AS+A Communications’ Award of Excellence for Corporate Social Responsibility in recognition of its positive impact across Nigeria.

As part of its annual award ceremony and commemoration of its Managing Director’s 70th birthday, AS+A Communications awarded the Sterling One Foundation its Corporate Social Responsibility Award of Excellence at an event held in Lagos recently.

The award presented by the company’s Managing Director, Mrs. Adenike Shobanjo, was in recognition of the foundation’s developmental legacies in the areas of health, education, and environment, in partnership with its corporate partner, Sterling Bank.

Mrs. Shobanjo during her opening remarks explained that her company hosts this annual event because of how important it considers social impact work and the role that corporate organizations play in ensuring that the transformation it brings is widespread and has long-term effects.

While presenting the award to Sterling One Foundation, she applauded the efforts of Sterling Bank in setting up the Foundation and empowering them to make a lasting impact in society.

She further charged businesses operating in the country to prioritize corporate social responsibility for the development of the nation.

In her words, “There are influential, well-placed, and endowed Nigerians who sit in their closets without any care for the underprivileged. This event is to encourage them to come out and join us in building a just and egalitarian society.”

“This award is in recognition of all the successes that Sterling has achieved over the years as a socially responsible organization, most especially in areas of health, education, and agriculture,” said Shobanjo.

Accepting the award, the CEO of Sterling One Foundation, Mrs. Olapeju Ibekwe, thanked the organizers while stressing the organization’s focus to contribute to the achievement of the Sustainable Development Goals (SDGs), as a way of improving the livelihood of Nigerians and Africans living in underserved communities.

She said that Sterling One Foundation’s focus areas; education, health, climate action, gender equality, and food security are all critical areas that require urgent attention for progress to happen.

She went on to highlight that; “In 2023, the Sterling One Foundation plans to focus on expanding its education programs to reach more out-of-school children, train and fund at least 100,000 youths, plant 10 million economic trees and adopt key primary health centers in at least 10 states through key partnerships.”

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Promoting Private Sector Investments; IFC Visits BUA Cement HQ In Lagos

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Promoting Private Sector Investments; IFC Visits BUA Cement HQ In Lagos

By Moninuola Sulaiman

Abdul Samad Rabiu, CFR, CON, Chairman, and Founder of BUA Group today received a delegation from the International Finance Corporation led by Sérgio Pimenta, Regional Vice President for Africa, at the BUA Cement HQ in Lagos State.

Left-Right: Abdul Samad Rabiu, Chairman, BUA, in a discussion with Sérgio Pimenta, Regional Vice President for Africa, International Finance Corporation (IFC) during a working visit of the IFC to BUA Cement HQ in Lagos.

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E-Commerce Trends In Nigeria For 2023

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E-Commerce Trends In Nigeria For 2023

Olushola Okunlade Writes

The rise of digital commerce has given birth to new ways for e-commerce retailers to improve their businesses and deliver an exceptional customer experience.

This is due to the industry’s constant adaptability to meet new demands and opportunities to create a seamless shopping experience by offering consumers a wide variety of products and services and finding new ways to connect with consumers through digital storefronts.

As a business owner or someone involved, staying current with market trends is critical to capitalize on upcoming opportunities and lessen the impact of potential disruptions.

Over the last three years, e-commerce has significantly grown, pushing millions more consumers to shop online. In 2023, the e-commerce industry is set to slowly take over the world, as revenue in the market is projected to reach US$9.02 billion in 2023.

Here are some of the most significant and disruptive e-commerce trends that could be adopted to enhance customer experience while also expanding businesses:

The Rise of Social Commerce

A trend that is expected to gain momentum in 2023 is the use of social media for e-commerce. Many businesses in Nigeria are already using platforms like Facebook and Instagram to sell their products, but this trend is expected to increase in the coming year as social media is a powerful tool for reaching potential customers and building brand awareness. Businesses that take advantage of this trend will be well-positioned for success.

The Rise of Omnichannel

Shoppers are no longer limited to a single device or channel as they research products, compare prices, complete a sale seamlessly across channels, and flip between devices without losing their place in the purchase journey. According to the National Communication Commission (NCC), 89% of internet users make purchases online, with another 24% planning to do so in the near future.

This trend has led many e-commerce platforms, like Jumia, to ensure that their channels can be accessed regardless of the platform or channel. As a result, consumers can log in to their accounts through the app or website on any device of their choice. This ease of shopping is expected to contribute to an increase in online sales.

Seamless Payment Options

Nigeria’s economic policy is gradually shifting towards cashless payment, with digital and electronic banking being implemented nationwide. Furthermore, following the announcement of the new withdrawal limit by the Central Bank of Nigeria, more transactions are expected to be conducted electronically.

This demand for electronic transactions has attracted payment facilitators from all over the world as Nigeria’s online commerce and financial technology industries are strengthened by a fast-growing youth population, expanding consumer power, and increased smartphone penetration. This is especially important for small businesses that use payment solution providers to ease the payment process for their customers. Payment Solutions Service Providers, like JumiaPay, can take advantage of these opportunities in the market.

Beyond this, payment solution providers, like JumiaPay, would also benefit from offering services for electricity bills payment, TV subscriptions, and airtime/data recharge to their consumers.

Consumer Personalization

Another important trend in 2023 is the increasing use of artificial intelligence and machine learning in e-commerce. These technologies can help businesses personalize their customer interactions, improve the accuracy of their recommendations, and make more informed decisions.

Personalizing a customer’s online shopping experience is crucial to increasing online sales and bolstering e-commerce success. Users are growing weary of algorithm-powered interfaces instead of user-generated or user-inspired interfaces and longing for tailored and customized experiences. Customers want to believe someone is paying attention to them behind a computer screen. It doesn’t have to be anything elaborate; it might be as straightforward as a customized email, a carefully chosen discount code, or something else.

Overall, the e-commerce industry in Nigeria is expected to see significant growth in 2023, driven by rising smartphone adoption, a growing middle class, and government support. Businesses that are able to keep up with these trends and adapt to the changing market will be well-positioned for success in the coming year.

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