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Ambassador Ajadi Joins Prominent Figures at NIJ’s Launch of Kensington Adebutu Media Resource Centre

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Ambassador Ajadi Joins Prominent Figures at NIJ’s Launch of Kensington Adebutu Media Resource Centre

 

The Nigerian Institute of Journalism (NIJ) held a grand ceremony on Wednesday, October 30, 2024, to commission the Sir (Dr.) Kensington Adebukunola Adebutu Media Resource Centre. The event, which attracted prominent figures from government, media, and academia, celebrated both the new facility and the lasting impact of philanthropist Dr. Kensington Adebukunola Adebutu.

Ogun State’s 2023 New Nigeria People’s Party (NNPP) governorship candidate, Ambassador Olufemi Ajadi Oguntoyinbo, was among the distinguished guests.

During an interview with journalists, Ambassador Ajadi praised Dr. Adebutu for his steadfast commitment to advancing Nigeria’s media landscape. He highlighted how the new resource centre at the NIJ would become a transformative space for aspiring journalists, promoting integrity, truthfulness, and professionalism.

Dr. Adebutu’s vision goes beyond simply constructing a building; he is investing in the future of journalism in Nigeria. This centre will provide young journalists with the resources they need to navigate today’s media challenges, especially in an era rife with misinformation,” Ambassador Ajadi noted.

Ambassador Ajadi further emphasized that Adebutu’s philanthropic initiatives have inspired leaders across various sectors to prioritize societal growth and unity. According to him, Adebutu’s contributions to education, media, and sports reflect a commitment to nurturing Nigeria’s youth and bridging generational gaps. “His legacy,” he said, “is not just a gift to the NIJ but a symbol of hope for all Nigerians striving for a more informed, unified nation.”

In his opening address, NIJ Governing Council Chairman, Chief Aremo Olusegun Osoba, outlined the dual purpose of the gathering. “Today, we are not only here to commission this magnificent media resource centre but to honor a true Nigerian patriot, Dr. Kensington Adebutu, whose generosity and dedication have significantly impacted our society,” Osoba stated.

Osoba highlighted the historical significance of Adebutu’s title, Odole Odua of the Yoruba Nation, noting, “He [Adebutu] told me, ‘This is the highest honor I could receive,’ and he saw any further titles as diminishing the sacred position of Odole Odua,” Osoba shared, pointing out that Adebutu’s decision reflected the esteemed tradition of this title, once held by the late Chief Obafemi Awolowo.

Reflecting on Adebutu’s contributions to journalism, Osoba added that the philanthropist was named a fellow of the NIJ for his “enduring love for the media and unwavering commitment to societal growth.” Notably, Adebutu is the first NIJ fellow recognized by the International Press Institute (IPI), a global organization promoting press freedom and quality journalism.

Osoba explained that Adebutu’s contributions to the institute extended beyond the building itself. “He didn’t just build this facility; he voluntarily contributed an additional N23 million to furnish it—without being asked. Such generosity speaks volumes,” Osoba affirmed, underscoring the unexpected yet welcomed support that enabled the project to be completed in just five months, despite challenges posed by the rainy season.

Lagos State’s Commissioner for Information and Strategy, Mr. Gbenga Omotosho, representing Governor Babajide Sanwo-Olu, commended Adebutu’s philanthropic spirit, which extends beyond media and education into sports. Omotosho recalled his recent visit to Teslim Balogun Stadium, where Adebutu had sponsored a table tennis championship. “While others gravitate toward soccer, Adebutu recognizes the potential in sports like table tennis, which brings young Nigerians together,” Omotosho noted, applauding Adebutu’s unique focus.

Omotosho also raised concerns about the state of journalism in the digital age, where misinformation easily spreads. “With smartphones, anyone can post unverified information, creating ‘breaking news’ out of rumors. Dr. Adebutu’s commitment to journalism aims to guide young journalists back to the fundamentals—integrity and truth,” Omotosho remarked.

Nigeria’s Minister of Finance, Mr. Wale Edun, highlighted Adebutu’s contributions to education infrastructure, describing him as “a true partner in national development.” Edun emphasized, “Education infrastructure is vital to a nation’s future, and Adebutu stands as a pillar, constantly supporting the government’s educational initiatives.”

In a heartfelt moment, Adebutu’s son, Honorable Oladipupo Adebutu, spoke on behalf of his father, expressing gratitude to the NIJ Governing Council for honoring his father’s passion for the media. “Journalism stands for truth, and truth is the cornerstone of democracy. My father’s commitment to this institute is a testament to his belief in that principle,” Oladipupo declared.

The NIJ Provost, Mr. Gbenga Adefaye, while delivering the vote of thanks, offered special recognition of Adebutu’s lasting contributions to the institution. “Dr. Adebutu’s legacy will inspire future journalists who will train here, grounded in the values of truth and integrity,” he said.

Among the notable media personalities at the event was Professor Ralph Afolabi Akinfeleye, Chair and former Head of the Department of Mass Communication at the University of Lagos, Nigeria. Professor Akinfeleye currently serves as the Chairman of the Centre of Excellence in Multimedia and Cinematography, as well as UNILAG Radio 103.1 FM and Television.

The event also highlighted NIJ’s academic team, including:

Dr. Adeboye Ola, Deputy Provost

Mrs. Patricia Kalesanwo, Registrar

Dr. Babajide Johnson, Director of Special Programs

Mr. Michael Osuji, Head of Mass Communications

Mrs. Maureen Popoola, Head of General Studies

Dr. Dele Omojuigbe, Chief Lecturer

Mrs. Esther Eke, Student Affairs Officer

Mrs. Josephine Okocha-Adigwe, Head of ICT

With the commissioning of the Sir Kensington Adebukunola Adebutu Media Resource Centre, the NIJ takes a significant step forward, now equipped with facilities that promise to empower the next generation of Nigerian journalists.

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French Embassy Collaborates NIFS to Position Nigerian Creative Sector for International Business at MIPCOM Cannes

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French Embassy Collaborates NIFS to Position Nigerian Creative Sector for International Business at MIPCOM Cannes

 

Paris, France – In a remarkable step for Nigeria’s creative sector, the French Embassy, in collaboration with the Nigerian International Film and TV Summit (NIFS), sponsored over 20 Nigerian creatives to the prestigious MIPCOM event in Cannes. This delegation included a talented mix of Nigerian film writers, producers, audiovisual technologists, and film business entrepreneurs, representing the strength and diversity of Nigeria’s burgeoning Film and TV industry.

At the forefront of this delegation was the Nigerian Pavilion, a dynamic hub for showcasing Nigeria’s rich storytelling culture and fostering high-level discussions with global media and entertainment leaders. The Nigerian delegation’s engagements at MIPCOM opened up valuable new opportunities, reinforcing Nigeria’s growing presence in the international film and television landscape and highlighting the unique narratives Nigerian creators bring to global audiences.

Ijeoma Onah, the CEO/Founder of NIFS, and the co-leader of the Nigerian delegation with Mr Christophe Pecot, Audiovisual Attaché of the French Embassy in Nigeria, said that “This experience has been transformative for Nigeria’s creative industry, expanding business relationships with the French and global community through this strategic partnership with the French Embassy, and further affirming the role of collaboration in amplifying the reach of Nigerian storytelling on the global stage.”

Speaking further she said, “Indeed we are excited with the level of partnership from the French Embassy in supporting film and TV professionals with a Nigerian Pavilion at the largest global content distribution market MIPCOM Cannes. Through this partnership, our resolve to continue to drive international business for local Nigerian companies has been reinforced and with the Nigerian International Film and TV Summit we remain committed to the huge international revenue opportunities through licensing of local programs because this market and its outcome will definitely elevate and transform the dynamics of international distribution for local companies in Nigeria.”

She expressed gratitude to the French Embassy for collaboration and effective partnership in ensuring that the Nigerian delegation shone like a thousand stars in the Cannes festival firmament. “Thanks to the generous support and partnership of the French Embassy which made this possible. The Nigerian Pavilion became a space of impactful exchange, connecting Nigeria’s industry innovators with international stakeholders.” Our green white green colour was all over the place, proclaiming the beauty and flourish of our country, in the realm of entertainment, creativity, innovation, and technology.”

Christophe Pecot, highlighted the Embassy’s commitment to fostering partnerships within the Nigerian audiovisual sector. “My job is to build and implement cooperation between Nigeria and the French audiovisual industry, which is why we’re here at Cannes for MIPCOM,” Pecot explained. Co-leading a group of about 20 Nigerian companies Pecot underscores the goal of creating international opportunities. “We’re connecting Nigerian creators with global broadcasters, aiming to help them bring their content to audiences worldwide,” he added.

For Colette Otusheso, CEO, Accelerate Group, MIPCOM has provided a rewarding experience in strengthening Nigerian contents’ global reach. “The Nigerian Pavilion has been incredibly supportive,” Otusheso shared. “With a dedicated space for meetings, we’ve been able to explore strategic partnerships with production companies worldwide. It’s been encouraging to see filmmakers, studios, and distributors, actively seeking the kind of content we have,” she noted – reflecting the growing demand for Nigerian storytelling on the world stage.

Ferdinand Ademefe, CEO, Magic Carpet Studios, emphasizes the importance of international collaboration and shared inspiration. “As someone passionate about film and animation, MIPCOM offers us a view of what’s possible globally,” he stated. “From Europe, to Asia, to America, this platform allows us to see the diversity of creative expression and to position Nigeria as an essential part of that global dialogue.”
Over the course of four days, participants engaged in networking, knowledge sharing, and collaborative efforts aimed at pushing Nigerian content to the global forefront. Industry professionals, TV catalogue right holders came together to explore new opportunities and address the challenges facing the industry.

Through MIPCOM, Nigerian audiovisual leaders and creators are not only amplifying their voices but are also forging pathways for collaboration, innovation, and cultural exchange. This presence shows Nigeria’s expanding role in the global entertainment industry and its potential to be a hub for content that resonates with audiences everywhere.

The event underscored the importance of nurturing and expanding Nigeria’s position in global content markets, as conversations and partnerships established at MIPCOM Cannes pave the way for increased opportunities for Nigerian creators and productions. With newfound partnerships and future-focused dialogues, Nigeria is poised to make significant strides in the film, TV, and audiovisual sectors worldwide.

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TY Buratai Literary Initiative Recognizes Excellence in Young Adult Literature By Lawrence Bilal Audu

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TY BURATAI HUMANITY CARE FOUNDATION COMMISERATES WITH GOVERNMENT AND PEOPLE OF BORNO STATE IN WAKE OF DEVASTATING FLOODS IN MAIDUGURI

TY Buratai Literary Initiative Recognizes Excellence in Young Adult Literature

By Lawrence Bilal Audu

The Tukur Buratai Research Centre (TBRC) has announced plans to host the TY Buratai Literary Initiative Award Ceremony, celebrating exceptional writers in the Young Adult Literature category.

TY Buratai Literary Initiative Recognizes Excellence in Young Adult Literature
By Lawrence Bilal Audu

 

Scheduled for November 1, 2024, at the Tukur Buratai Research Centre, Gora, Abuja-Keffi Expressway, Nasarawa State, the event promises to be an unforgettable evening of literary excellence.

According to organizers, the ceremony aims to recognize and reward talented writers who have made significant contributions to young adult literature. The initiative seeks to promote literary talent, inspire future generations, and foster a culture of reading and writing.

The event will feature keynote addresses by renowned literary figures, award presentations, readings, and performances by young writers. Attendees will also have opportunities to network with publishing industry professionals.

The TY Buratai Literary Initiative Award Ceremony is expected to draw literary enthusiasts, writers, and industry experts from across Nigeria.

This epoque-making event highlights the importance of nurturing literary talent and promoting young adult literature in Nigeria.

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BUA Foods Grows Revenue To N1.07 Trillion, Gross Profit Rises 82% In Nine Months

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BUA Foods Grows Revenue To N1.07 Trillion, Gross Profit Rises 82% In Nine Months

 

 Revenue soars 104% to N1.07 trillion

 Gross Profit grows by 82% to ₦333.82 billion

 Profit After Tax rises by 91% to ₦201.38 billion

 Earnings Per Share (EPS) increases by 91% to N11.19

 

 

 

 

BUA Foods Plc, makers of BUA Sugar, BUA Rice, IRS Flour, IRS Pasta, and IRS Semolina, has released its unaudited financial results for the nine months ended September 2024, marking a year-on-year performance leap.

The company’s revenue for the nine-month period grew by 104% to N1.07 Trillion, a significant jump from the N524.42 billion reported in the same period last year. Gross profit surged by 82%, hitting N333.82 billion compared to N183.78 billion in 9M of 2023, further consolidating the company’s standing in Nigeria’s food manufacturing industry. Its profit after tax increased by 91% to hit N201.38 billion, rising from N105.61 billion during the comparable period, last year.

A key driver of this performance was a year-on-year increase of 73 percent in sugar sales to ₦544.4 billion, 160 percent in flour sales to ₦389.9 billion, and 131 percent in pasta sales to ₦134.8 billion reflecting the company’s commitment to creating long-term value for all stakeholders.

Operating expenses saw a 56% increase to ₦43.86 billion on the back of a rise in selling and distribution costs due to inflation.

BUA Foods’ strong financial performance positions the company to achieve one of its 2025 goals of becoming Nigeria’s biggest flour, and pasta milling company after signing strategic agreements with Turkish and Italian firms to increase its pasta production capacity to 900, 000 metric tonnes per annum and flour to 2.5 million metric tonnes per annum.

This impressive growth trajectory has been recognised with numerous accolades. Just last week, BUA Foods emerged as the first Nigerian company to be honoured with the prestigious Company of the Year award at the 2024 All Africa Business Leaders Awards in partnership with CNBC in South Africa. Additionally, the company recently received the Most Valuable Indigenous Food Company of the Year award, the Customer-centric FMCG Corporate Brand of the Year award, while its IRS Premium Wheat Flour was named Flour Brand of the Year 2024.

Commenting on the results, the Managing Director of BUA Foods, Engr. (Dr.) Ayodele Abioye, said:

“We are thrilled to have sustained a remarkable growth trajectory, underscoring the impact of our strategy, innovative product development, and steadfast commitment to quality, even in the face of a challenging business climate”.

“Revenue grew by 104% to N1.07 Trillion compared to the same period last year, while our gross profit stands at N333.8 billion, reflecting a growth of 82%. We saw the benefits of our production capacity expansion and product innovation, as we witnessed an 11% growth in aggregate volume which has further strengthened our position within the industry”.

“Looking ahead, we will remain steadfast in addressing current food supply challenges by leveraging newly commercialised supply chain assets and partnerships across our business divisions. We would maintain a focus on driving internal efficiencies for business growth towards delivering long-term shareholder value.

We thank our stakeholders, particularly our customers, and consumers for their love for the brand even as we continue to nourish lives”.

BUA Foods Grows Revenue To N1.07 Trillion, Gross Profit Rises 82% In Nine Months

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