Business

ACCESS BANK TO SET UP A CREATIVE ARTS AND ENTERTAINMENT VILLAGE IN ABEOKUTA

Published

5 years ago

July 3, 2019

The Group Managing Director and Chief Executive Officer of Access Bank PLC, Herbert Wigwe has disclosed plans by the financial institution to erect a 15 story building and a creative arts and entertainment village in Abeokuta.

Herbert Wigwe who made this known in Oke- Mosan, while on a courtesy visit to the Ogun State Governor, Prince Dapo Abiodun said that Access bank was looking at a sector that would seat on 4 major hubs, adding that entertainment,Information Technology and Skills, Nollywood and Music would be looked into.

” I am talking of a sector that will seat on four major hubs, first is entertainment, the second is IT and Skills, which will basically ensure that several people from these great state and neighboring states will be trained and given high quality power as far as intellectual content is concerned, the third has to do with Nollywood, the fourth has to do with music,” he said.

He noted that Access Bank was looking at establishing a support system in Abeokuta, while also aiming to start the construction of a 15 story building that would help to support their contingency plan for Information Technology, affirming that work would start later in the year

” The second is a project that is dear to me and which is to ensure that we start looking at establishing what we refer to as a support system for Access Bank out here in Abeokuta, we are determined to put up a 15 story building out here in Abeokuta which will basically help support contingency plan for IT, help support us as far as our contact center is concerned, ensure that we give Ogun a befitting center if you like, compared to other world class institutions that intend to come out here.

” We will start construction of that site later this year, we will ensure we put our map fully out here in this beautiful city,” he said.

The Bank head who also added that the creative sector which has being taken for granted for a long time could employ between two and three million people if looked into.

” The creative sector is a very important sector that people take for granted and if you look at the context of Nigeria, if we get it right, perhaps, coming out of Ogun State, you will find out that we will provide employment over the next five years to perhaps two or three million people coming out of that sector,” he said.

In his remarks, the Ogun State Governor, Prince Dapo Abiodun applauded the decision of Access Bank PLC to partner with the Ogun State government in its quest to build the state through its investment in the Creative Arts and Entertainment Village and its decision to erect a fifteen story building in the state.

Prince Abiodun said that his government would provide an enabling environment for a Public Private Sector Partnership which would be fundamental to the economic growth of the state,noting that the visit was a clear testimony to the commitment of his administration’s desire to provide good governance.

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Business

Dangote Hails Tinubu on Impact of Crude for Naira Swap Deal

Published

11 hours ago

December 21, 2024

Sahara Weekly

Dangote Hails Tinubu on Impact of Crude for Naira Swap Deal

…As Dangote Refinery partners MRS to sell PMS at N935 per litre nationwide at its retail outlets

Sahara Weekly Unveils That The Foremost entrepreneur and President of the Dangote Industries Limited, Aliko Dangote has commended President Bola Ahmed Tinubu for the positive impact of the naira for crude swap deal on the Nigerian economy, which has led to reduction in prices of petroleum products in the country.

To provide succour to Nigerians, Dangote recently reduced the price of Premium Motor Spirit (PMS) from N970 to N899.50 at its Refinery loading gantry and provided generous credit terms to marketers.

“To ensure that this price reduction gets to the end consumer, we have signed a partnership with MRS to sell petrol from its retail outlets nationwide at N935 per litre” he added. This price has already commenced in Lagos, and it will be offered nationwide from Monday.

In his statement, he called on other oil marketers such as the NNPC Retail and all other marketers, “to work with us to ensure that Nigerians enjoy high-quality petrol at discounted prices.”

According to him, “The Dangote Refinery is for the benefit of Nigeria and Nigerians. We will therefore continue to work with various value chain players to deliver high quality petrol at cheaper prices. Our aim is for all Nigerians to have ready access to high quality petroleum products that are good for their vehicles, good for their health, and good for their pockets.

Recall that in September, the Federal Executive Council (FEC) under the leadership of Mr. President approved the sale of crude to local refineries in Naira and corresponding purchase of petroleum products in Naira. The move, which commenced on October 1, led to reduced pressure on the dollar and ensured the stability of the local currency.

Dangote thanked Nigerians for their unwavering support and the government for creating an enabling environment for the domestic refining industry.

Business

Port Harcourt Refinery Stays Active: NNPC Denounces Sabotage Rumors

Published

18 hours ago

December 21, 2024

Sahara Weekly

Port Harcourt Refinery Stays Active: NNPC Denounces Sabotage Rumors

NNPC Debunks Shutdown Rumors, Confirms Port Harcourt Refinery Fully Operational

The Nigerian National Petroleum Company Limited (NNPC Ltd) has dismissed reports circulating in certain media outlets claiming that the Old Port Harcourt Refinery, which was re-streamed two months ago, has been shut down.

In a statement released by Olufemi O. Soneye, the Chief Corporate Communications Officer of NNPC Ltd, the company clarified that the refinery is fully operational. The statement noted that the facility’s operational status was recently verified by former Group Managing Directors of NNPC during a site inspection.

“Preparation for the day’s loading operation is currently ongoing,” the statement confirmed, emphasizing that allegations of the refinery’s shutdown are baseless and intended to create panic or artificial scarcity in the fuel market.

NNPC Ltd urged members of the public to disregard such misleading reports, labeling them as the work of those seeking to exploit Nigerians.

The Old Port Harcourt Refinery has been in operation since its re-streaming, and the company remains committed to ensuring stability in the supply of petroleum products across the country.

Business

Nigerian Banks Donate Multimillion Naira Relief Materials to Jigawa Flood Victims

Published

2 days ago

December 20, 2024

Sahara Weekly

Nigerian Banks Donate Multimillion Naira Relief Materials to Jigawa Flood Victims

In a show of solidarity, the Committee of Banks in Nigeria has extended a helping hand to victims of the September 2024 floods in Jigawa State. On Thursday, a high-profile delegation led by Dr. Oliver Alawuba, Chairman of the Committee and Group Managing Director/Chief Executive Officer of United Bank for Africa Plc (UBA), visited Dutse, the state capital, to present relief materials to the state government.

The donated items, worth several million Naira, included essential food supplies such as rice and cooking oil, along with mattresses and beverages. Dr. Alawuba highlighted that the gesture aimed to alleviate the hardship faced by flood victims and support critical institutions, especially public hospitals, in their efforts to assist those affected.

“We stand in solidarity with the people and government of Jigawa State during this difficult time. This donation is our way of expressing empathy and supporting those who have lost loved ones, properties, and livelihoods,” Dr. Alawuba stated.

The delegation included notable banking leaders such as Mr. Roosevelt Ogbonna of Access Bank Plc, Dame (Dr.) Adaora Umeoji of Zenith Bank Plc, and Dr. (Mrs.) Nneka Onyeali-Ikpe of Fidelity Bank Plc, among others. Their collective presence underscored the banking sector’s commitment to corporate social responsibility and national development.

Governor Malam Umar A. Namadi expressed profound gratitude for the donation, describing the visit as a rare and commendable act of compassion. He assured the delegation that the relief materials would be judiciously distributed to the intended beneficiaries, emphasizing the importance of partnerships in rebuilding lives and communities.

The Committee of Banks also reiterated their commitment to supporting Nigerians during emergencies, drawing attention to previous interventions, including relief efforts during the 2011 and 2013 floods, the COVID-19 pandemic, and security initiatives like the Lagos State Security Trust Fund.

This humanitarian gesture reflects the collective resolve of Nigeria’s financial institutions to foster social and economic growth, making a meaningful impact in times of need.