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As part of its corporate social responsibility efforts, Chi Limited,a member of the Tropical General Investment (TGI) group has donated some relief materials to Internally Displaced Persons (IDPs) in the North-Eastern part of the country. The company presented a trailer load of various products including evaporated milkfor the benefit of children and adults in the camp.

The initiative, according to the General Manager Corporate Affairs, TGI Group, Mr. Sadiq Kassim,is aimed at alleviatinghunger, pain and suffering of as many families affected by insecurity and violence in the North East as possible.

He said: “We are concerned about these communities of displaced people, especiallyat this time of economic challenges. Given their situation, they are unable to cater for their basic needs, hence the need for interventions from all fronts.”

“We are here to identify with the internally displaced people in Borno State, and to let them know that Chi Limited cares for them. We want them to know that TGI and Chi Limited is concerned with their plight as the company is doing all it can to help them. Few months ago, our sister company WACOT Limited donated 600bags of maize to the camp and here we are to give more.

“This is to assure you that TGI Group is continuously thinking about sustainable ways of helping people, especially the IDP populationthrough donation of basic assistance and support”.

“Also in line with this,Chi Pharmaceuticals, another company under the TGI group donated pharmaceutical products to the IDP camps.

The company gave pharmaceutical products such as routine OTC drugs, oral rehydration salts (ORS) and malaria and deworming tablets for childrenand adults for the benefit of members of the community”

Receiving the materials, the Director General of SEMA in Borno state Engineer Satomi Ahmad expressed happiness and satisfaction at the gesture especially as it is coming during the fasting period.

He thanked Chi Limited for the donation adding that, the products will go a long way to alienate hunger and make the fasting period more enjoyable for the IDPs.

“Again, Chi Limited has demonstrated their goodwill to the IDPs in Borno state with this timely donation. There is no doubt that the Ramadan period will be more pleasurable for the IDPs here with this supply of products from Chi Limited.”

“We have been planning a general deworming of children in the camp for some time now and with this donation of deworming tablets and other pharmaceutical products to the camp, the exercise will now be easier”

He used the opportunity to call on other corporate organizations and groups to come to the aid of IDPs urging them to emulate the good gesture of TGI Group through its subsidiaries.

It would be recalled that WACOT Limited, an agricultural input company also under the TGI group donated food items to IDP camps in the north-east through its Corporate Social Responsibility (CSR) initiative.

CHI Limited is a part of the TGI conglomerate, with interests in various industry verticals ranging from food to industrial chemicals and healthcare. The company caters primarily for the needs of discerning Nigerian customers who yearn for high quality, healthy and refreshing fruit drinks, fruit juices and a range of dairy products.

BIG STORY

BON Awards Hosts Memorable Book Reading Of Do As You’re Told Baji

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On November 24th, 2024, the Best of Nollywood (BON) Awards organized a captivating book reading of Do As You’re Told, Baji, authored by the renowned writer Lola Shoneyin. The event, held at 11 a.m. in Kwara State, celebrated the power of storytelling and the importance of fostering a culture of reading among families.

Among the distinguished attendees were the First Lady of Kwara State, Ambassador Olufolake AbdulRazaq, alongside notable figures such as Wole Ojo, Cynthia Clarke, Chioma Okafor, Segun Arinze, and Kemi Adekomi, who added prestige and insight to the event.

In her remarks, Ambassador Olufolake AbdulRazaq highlighted the vital role of parents in fostering a love for reading among children. “Parents should cultivate the habit of reading with their children,” she said. “It’s not just about education—it’s about creating lasting memories and strengthening family bonds.”

The reading of Do As You’re Told, Baji showcased Lola Shoneyin’s vibrant and relatable storytelling, leaving participants inspired to embrace literature as a means of cultural and personal enrichment. The event also featured engaging discussions about the book’s themes, celebrating the depth and diversity of Nigerian literature.

This initiative reinforces the BON Awards’ dedication to promoting the arts, literacy, and the celebration of Nigerian creative talents.

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BIG STORY

Nigeria Has Saved $20bn From Subsidy Removal, Naira Float Policies — Finance Minister Edun

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Wale Edun, minister of finance and coordinating minister of the economy, says Nigeria has saved $20 billion from “petrol” subsidy removal and market-based pricing of the foreign exchange rate.

Edun spoke at a ceremony recently held to mark the first 100 days in office of Esther Walso-Jack, head of civil service of the federation, in Abuja.

“An amount of five per cent of GDP is what those two subsidies were costing when there was a subsidy on “PMS”; when there was petroleum product generally for a long time and when there was a subsidy of foreign exchange. Between them, they were costing five percent of GDP,” he said.

“If you say GDP was on average, let’s say $400 billion. We all know what five percent of that is – $20 billion of funds that could be going into infrastructure, health, social services, education.”

Edun said these flows now return into the government’s coffers for further deployment to the aforementioned sectors.

“The real change that has happened with the measures of Mr. President is that nobody can wake up and their target for the day or for the week or the month or the year is to get access to cheap funding, cheap funding exchange from central bank, which they can now flip,” Edun said.

“And overnight, they become wealthy from no value added for doing virtually nothing, except you know the right people. Similarly, they can no longer try and be part of a new peak market and very inefficient “petrol” subsidy regime as a way of making money overnight.”

On May 29, President Bola Tinubu said the “petrol” subsidy regime was over.

Three months later, TheCable reported that Tinubu was considering a “temporary subsidy” on “petrol” as crude oil prices and foreign exchange rates soared.

After several denials of the return of “petrol” subsidy by the authorities, the Nigerian National Petroleum Company (NNPC) Limited, on August 19, said the federal government owes it N7.8 trillion for under-recovery.

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BIG STORY

Dangote Refinery Reduces Ex-Depot Price Of Petrol To N970 For Oil Marketers

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The Dangote Petroleum Refinery has announced a reduction in its ex-depot price of premium motor spirit (PMS), also known as “petrol”, to N970 per litre for oil marketers.

This is a cut from the refinery’s N990 ex-depot price announced earlier this month, according to a statement on Sunday.

The slash would help marketers save about N20 on each litre of “petrol” bought from the Lekki-based plant.

Anthony Chiejina, Dangote Group’s chief branding and communications officer, said the move is the refinery’s way of appreciating Nigerians “for their unwavering support in making the refinery a dream come true”.

“In addition, this is to thank the government for their support as this will complement the measures put in place to encourage domestic enterprise for our collective well-being,” the statement reads.

“While the refinery would not compromise on the quality of its petroleum products, we assure you of best quality products that are environmentally friendly and sustainable.”

“We are determined to keep ramping up production to meet and surpass our domestic fuel consumption; thus, dispelling any fear of a shortfall in supply.”

On November 11, the Independent Petroleum Marketers Association of Nigeria (IPMAN) reached an agreement with the refinery to lift “petrol” and “diesel” directly.

Abubakar Garima, national president of IPMAN, said the partnership would ensure a steady, affordable supply of “PMS” products nationwide.

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