Business

ASR Africa awards a $3million Education Infrastructure Grant to Ghana

Published

3 years ago

June 27, 2021

ASR Africa awards a $3million Education Infrastructure Grant to Ghana.

SaharaWeeklyNG Reports Concerning ASR That ACCRA 27Jun2021 – The Ghanaian Government, through its Ministry of Education, has been awarded a $3million education infrastructure support grant from the Abdul Samad Rabiu Africa Initiative (ASR Africa). This grant will be drawn from Africa’s annual $100million Africa Fund for Social Development and Renewal and was announced during the presentation of the letter of award to the Ghanaian Government at the Jubilee House in Accra, recently.

Speaking at the event in Accra, Ghana’s capital, Udoh Ubon, the Managing Director of Africa commended the President of Ghana, Nana Akufo-Addo for his sincere commitment to developing the educational system at all levels in Ghana. According to Ubon, this award was significant because Ghana is also the first African country beneficiary of an ASR Africa grant after Nigeria. “ASR Africa is an initiative of industrialist and philanthropist, Abdul Samad Rabiu, who has decided to give back to the African continent to promote sustainable health care, education, and social development. Whilst reviewing potential national beneficiaries for the African aspect of the grant, we were encouraged by the strides made by the Ghanaian government in Education. We believe this $3million Africa education infrastructure grant will go a long way in supporting the eradication of “schools under trees” across the country whilst developing primary education infrastructure across the country.

Receiving the Africa delegation on behalf of the Government, Hon. Akosua Frema Osei-Opare, Chief of Staff in the Office of the President, thanked Africa for the award of the $3million grant. According to her, President Nana Akufo-Addo’s administration is committed to improving the quality of education and educational infrastructure across the country and this grant is a welcome development that would accelerate the work already being done. She further added that the government will work together with ASR Africa based on the agreed Mutual Accountability Framework to come up with a program to build several primary schools across Ghana under the grant. She further praised the Chairman of BUA Group and Africa, Alhaji Abdul Samad Rabiu, for his commitment to the African continent in business and philanthropy.

In his response, Udoh said “Abdul Samad Rabiu and ASR Africa will remain an active partner in solving developmental issues across the continent. Ghana is just the start and more African countries are set to benefit this year.”

The brainchild of African Industrialist, Philanthropist, and Chairman of BUA Group, Abdul Samad Rabiu, the Abdul Samad Rabiu Africa Initiative (ASR Africa) was established in 2021 to provide sustainable, impact-based homegrown solutions to developmental issues affecting Health, Education, and Social Development within Africa.

Business

Dangote Hails Tinubu on Impact of Crude for Naira Swap Deal

Published

15 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

22 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.