Connect with us

FROM LEFT TO RIGHT: Chief Kola Jamodu, Chairman, Nigerian Breweries; Senator Ibikunle Amosun, Executive Governor, Ogun State and Chief Abraham Akanle, representative of former President Olusegun Obasanjo at the commissioning of the upgraded Ota brewery recently

Ogun State Governor, Senator Ibikunle Amosun and former President, Chief Olusegun Obasanjo have commended the backward integration policy of Nigerian Breweries

The duo who spoke at the commissioning of the company’s upgraded brewery in Ota, Ogun State  enjoined other corporate organisations to follow the fruitful example of Nigerian Breweries Plc.

At the ceremony, Governor Amosun, who was informed by the Chairman of Nigerian Breweries Plc Chief Kola Jamodu, about the successes the company has recorded in terms of its local sourcing and backward integration agenda, specifically commended the company for the local sourcing of over 50% of its raw materials and 95% of its packaging material. According to the governor, “It will be in our collective interest for companies in Ogun state and even the entire country to source their materials locally. Backward integration and import substitution is the master key to a self-sustaining economy”. He promised that the government will continue to provide necessary conditions for business to operate smoothly in the state.

Former President Olusegun Obasanjo, represented by Chief Abraham Idowu Akanle while congratulating the company on the upgrade of the brewery, described the private sector as the engine room of economic growth.  He also called on other corporate organisations to hasten their journey toward the backward integration destination.

While welcoming guests to the occasion, Chief Kola Jamodu, Chairman, Nigerian Breweries Plc, explained that the company has a robust local sourcing programme that has seen it achieve 50 per cent local sourcing for raw materials used in production process. According to him, “our vision is to achieve the 60 per cent local sourcing benchmark for raw materials by 2018 in line with our long term sustainability agenda, ‘Brewing a Better World (BaBW’.” Jamodu added that the progress currently being made in this regard supports Heineken ambition to source 60 percent of its raw materials in Africa locally by 2020.

He disclosed that in 2015, the company made progress in increasing the supply of sorghum used for some of its beverages. “More than 100, 000 tonnes of the cereal were purchased during the year. We also made progress in the commercialization of the new hybrid sorghum varieties – CSR-03H and CSR-04H, which were developed through the intervention of Nigerian Breweries.”

Similarly, the company has since 2015, been working with a local cassava processing company to optimize the cassava value chain in the country by providing industrial quality cassava starch to extract maltose syrup for use in its brewing process.

Ogun state is home to two of the ten operating breweries of the company and also plays host to a myriad of ancillary companies that Nigerian Breweries supports.

BIG STORY

AY Makun, Seyi Law, Others Grace Dedication Of Ali Baba’s Triplets In Lagos [PHOTOS]

Published

on

Atunyota Akpobome, popularly known as Ali Baba, had a dedication ceremony for his triplets, and in attendance were celebrities like AY Makun, Seyi Law, Chi Girl, MC Lively, and many more.

Gathering Ali Baba’s friends, family, and business associates, the celebration was held on Sunday at Lagos.

An event at the Redeemed Christian Church of God, Christ The Lord Central Parish in Lekki, served as the kickoff for the dedication.

At an event centre on Hakeem Dickson Street in Lekki Phase 1, Lagos, there was a reception held after the service.

Other guests at the event included Chigul, Bunmi Davis, Ajebo Comedian, and Adebola Williams.

Ali Baba had on April 1 announced that his wife, Mary was delivered a set of triplets.

Many, however, did not believe the information which they tagged April Fools’ message.

 

See More Photos Here:

 

Photo Credit: The Cable.

Continue Reading

BIG STORY

BREAKING: Ikeja Electric Slashes Tariff For Band A Customers By 9%

Published

on

The energy rate for Band A users of Ikeja Electric Distribution Company (IE) has been reduced from N225/kWh to N206.80/kWh

In a circular signed by the management of the company on Monday, IE said the customers will now pay N206.80/kwh, rather than the stipulated N225/kwh ordered by the Nigeria Electricity Regulatory Commission (NERC).

According to the statement, IE guaranteed to provide 20 to 24 hours of electricity to users under this Band, adding that the tariff for customers under other categories will remain the same.

“Dear Esteemed Customers

“Please be informed of the downward tariff review of our Band A feeders from N225/kwh to N206.80/kwh effective 6th May 2024 with guaranteed availability of 20-24hrs supply daily.The tariff for Bands B, C, D, and E remains unchanged.

“Signed: Management.”

 

 

More to come…

More details later….

Continue Reading

BIG STORY

80% Of Lekki Buildings Have No Government Approval — Physical Planning Commissioner, Oluyinka Olumide

Published

on

Oluyinka Olumide, Lagos State’s commissioner for physical planning and urban development, says 80 percent of buildings in the Ibeju Lekki-Epe corridor have no government approval.

The Lagos government has been facing backlash for the demolition of buildings and shanties across the state.

Tokunbo Wahab, commissioner for environment in Lagos, has repeatedly said the demolished structures were erected in contravention of the city’s masterplan, were never approved by the relevant agencies, and occluded drainage channels.

Olumide, in an interview with journalists, said despite the rigorous procedures involved in getting government’s approval, property developers and owners are still circumventing due process.

“Just last Thursday and Friday, my team and I were in the Ibeju Lekki and Epe axis and you would agree that anybody passing through that corridor would see a lot of estates marked,” he said.

“We went there, and I can tell you that from what we saw, over 80 percent of them do not have approval.

“The procedure to get approval is first to get the planning information, as to what those areas have been zoned for. In this case, what we have is agricultural land, and people now go to their families to buy agricultural land.

“Of course, those lands would be sold because those families do not know the use such land would be put to.

“The next thing to do is the fence permit. If you missed the earlier information on not knowing the area zoning, at the point of getting the fence permit, you would be able to detect what the area is zoned for. After that, the layout permits a large expanse of land.

“So, you can see all these layers. But people still go ahead to start advertising. Some have even gone to the extent of displaying the sizes they want to sell. Imagine someone in the diaspora who wants to send money without any knowledge.

“Then, no approval is eventually gotten. Even if they pass the assignment and the survey to them, we would not grant the individual permit, because that area is not zoned for that purpose.”

Recall that Wahab, on Sunday, said owners of recently demolished property in Maryland had been served notices since 2021.

“We are not just doing demolitions. The law allows us to remove encumbrances on the right of way of the drainage channels,” Wahab said on Channels Television.

Continue Reading

Most Popular