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ASR AFRICA, BUA FOUNDATION APPROVE N1.5BILLION GRANT FOR DEVELOPMENT PROJECTS IN IBESE, IGBOBILA, ILARO, OTHERS IN YEWA LAND, OGUN STATE

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ASR AFRICA, BUA FOUNDATION APPROVE N1.5BILLION GRANT FOR DEVELOPMENT PROJECTS IN IBESE, IGBOBILA, ILARO, OTHERS IN YEWA LAND, OGUN STATE

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sahara Weekly Reports That The Abdul Samad Rabiu Africa Initiative (ASR Africa) – the brainchild of Industrialist, philanthropist, and founder of BUA Group, Abdul Samad Rabiu, and the BUA Foundation have awarded development grants worth N1.5 billion to Yewa Land in Ogun State comprising Ilaro, Igbogila, Ibeshe, Egua, and Igonade communities for key community, social, and infrastructural development projects. This was announced at the grant presentation and mutual accountability framework signing ceremonies held today in Ilaro, Ibese, and Igbogila. The grants will be channeled towards interventions in the areas of health, education, or social development initiatives that are identified for implementation.

 

 

 

 

 

 

ASR AFRICA, BUA FOUNDATION APPROVE N1.5BILLION GRANT FOR DEVELOPMENT PROJECTS IN IBESE, IGBOBILA, ILARO, OTHERS IN YEWA LAND, OGUN STATE

 

 

 

 

 

 

 

 

Presenting the grants award letter to Oba Kehinde Olugbenle, the Olu of Ilaro and Paramount Ruler of Yewaland in Ogun State, Ubon Udoh, Managing Director, ASR Africa assured of more partnership with the people of Yewaland and reiterated that the vision of Abdul Samad Rabiu, Founder of ASR Africa and Chairman of BUA, is to provide concrete solutions for sustainable development in Nigeria, and Africa. According to Ubon, “What ASR Africa and BUA Foundation are doing here today, is planting a seed of sustainable problem-solving across Africa in line with the vision of Abdul Samad Rabiu, our founder – and Chairman of BUA.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

“The first grant of N1 billion goes to all communities in Yewaland for developmental purposes to uplift the quality of life of the Yewa people, while ASR Africa and BUA Foundation are also giving additional specific grants of N250million each to Igbogila and Ibese Communities for already identified infrastructure projects to enhance community development through their traditional institutions. We have done our basic needs assessment in collaboration with the communities on their needs, and we are pleased to say we look forward to the commencement of the identified projects and a more robust partnership with Yewaland, as we have done in other parts of the country.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

In his response, Oba Kehinde Olugbenle, the Olu of Ilaro and Paramount Ruler of Yewaland commended Abdul Samad Rabiu for his philanthropic gestures across the country and noted that indeed he is a true Nigerian. The monarch added that with the grants, Yewaland and Yewa people will witness rapid social and infrastructural development. “We are one of the largest sub-ethnic groups in Yoruba Land and these grants will go a long way in bringing sustainable development in line with the United Nations SDGs, to our people”, he added.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The Paramount Ruler of Ibese community, HRM Oba Rotimi Mulero, The Oboro of Ibese, also thanked the donors for their timely intervention in developing Ibese community. “May the Almighty bless Abdul Samad Rabiu, ASR Africa, and BUA Foundation for partnering with us to fast-track development in our community because we are still largely behind on the development curve. This partnership with ASR Africa and BUA Foundation will go a long way in ensuring even greater development for our people.”

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FIRSTBANK’S DECEMBERISSAVYBE LIGHTS UP LAGOS WITH DAVIDO CONCERT

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FIRSTBANK’S DECEMBERISSAVYBE LIGHTS UP LAGOS WITH DAVIDO CONCERT   By Farouk Mohammed

FIRSTBANK’S DECEMBERISSAVYBE LIGHTS UP LAGOS WITH DAVIDO CONCERT

 

By Farouk Mohammed

 

Once again, FirstBank has reaffirmed its position as a champion of arts, culture, and entertainment through its annual DecemberIssaVybe initiative. This year, the bank brought music lovers an unforgettable Christmas Eve experience with the Davido Live in Lagos concert, held at the iconic Eko Hotel Convention Centre. As part of the initiative, the event was a highlight of the festive season, delivering joy, excitement, and unmatched entertainment to thousands of fans.

 

Delivering Exclusive Experiences

True to its legacy, FirstBank ensured its customers and followers had the chance to enjoy this spectacular event through ticket giveaways across its social media platforms. By engaging with fans on Instagram (@firstbanknigeria) and Facebook (First Bank of Nigeria Limited), the bank seamlessly connected with its audience, creating opportunities for them to witness one of Nigeria’s biggest stars perform live.

Through its First@arts initiatives like these, FirstBank continues to elevate the entertainment experience for its stakeholders, positioning itself as more than just a financial institution but a lifestyle enabler.  The bank’s efforts underscore its commitment to bringing premium opportunities to its customers, creating memorable moments for families and individuals alike.

 

Davido: The Highlight of DecemberIssaVybe

On Christmas Eve, the atmosphere at the Eko Hotel Convention Centre was nothing short of electric as Davido, the Afrobeats superstar, delivered an exhilarating performance. With hits like “Feel,” “Unavailable,” “FUNDS,” and “Dami Duro”, the audience was immersed in a musical journey that celebrated Nigerian creativity and artistry. The energy was infectious, as fans sang along to every lyric, making the concert an unforgettable experience for all in attendance.

For many, this was their first time seeing Davido live, and FirstBank made it possible, proving once again its dedication to supporting the arts and providing access to world-class entertainment.

 

The Spirit of DecemberIssaVybe

The DecemberIssaVybe initiative is not just about music; it’s about community, homecoming, and shared joy. Designed to resonate with Nigerians, both at home and in the diaspora, the initiative creates opportunities for family bonding and cultural connection during the festive season. Events like Davido’s concert, the Calabar Carnival, and Flytime Fest have all contributed to making the 2024 edition of DecemberIssaVybe truly extraordinary. Through DecemberIssaVybe, FirstBank continues to demonstrate its commitment to enriching the lives of its customers by providing access to premium events and creating platforms that celebrate the essence of Nigerian culture.

 

More Than Banking: A Commitment to Community

FirstBank’s impact goes beyond providing financial services—it’s about enabling memorable experiences. By supporting events like the Davido Live in Lagos concert, FirstBank strengthens its bond with customers, enhancing its role as a catalyst for joy and togetherness during the festive season.

With its steadfast support for the arts and entertainment industry, FirstBank also contributes to the economic empowerment of the value chain, showcasing its leadership in promoting culture, music, and creativity in Nigeria.

 

Stay Connected, Stay Vibing

For those who experienced the magic of Davido’s concert and other DecemberIssaVybe events, the memories will remain cherished. For those who missed out, FirstBank offers more opportunities to join the excitement. Stay tuned to its social media platforms—Instagram (@firstbanknigeria), Twitter (@FirstBankngr), and Facebook (First Bank of Nigeria Limited)—for updates, contests, and more exciting opportunities.

FIRSTBANK’S DECEMBERISSAVYBE LIGHTS UP LAGOS WITH DAVIDO CONCERT

By Farouk Mohammed

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Don’t Return Fuel Subsidy Through Dubious Means, Group Tells NNPCL’s Mele Kyari

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Don’t Return Fuel Subsidy Through Dubious Means, Group Tells NNPCL’s Mele Kyari

 

The Afenifere Mandate Forum (AMF) has cautioned the Nigerian National Petroleum Company Limited (NNPCL) against re-introducing fuel subsidy through dubious means, citing the regime’s notorious history of corruption.

The group emphasised the need for transparency going forward, urging the Central Bank of Nigeria (CBN) not to make payments to NNPCL’s foreign partners in the name of subsidy.

In a statement signed by its President, Otunba Davies Folorunsho, the group said the fuel subsidy regime was embroiled in corruption, with allegations of fraudulent payments and inflated subsidies.

Folorunsho said Mele Kyari, the Group CEO of NNPCL, was at the centre of the controversy, with reports of the company importing toxic fuel from Malta.

He noted that this not only perpetuated corruption but also endangered the health and safety of Nigerians.

However, Folorunsho said the he removal of fuel subsidy has been a significant step towards economic recovery, saving the country billions of dollars that were previously spent on subsidizing petrol prices.

“In 2022 alone, subsidies gulped $10 billion, leaving the state oil company NNPC with nothing to remit to the treasury,” he added.

“Fuel subsidy were not only financially ruinous but also largely regressive, benefiting mostly car-owning urbanites and those who could afford petrol-powered generators.

“As a result of the subsidy removal, the financial burden on the government has been significantly reduced, freeing up more funds for critical infrastructure and social programs.

“Additionally, government revenue has increased, smuggling has decreased, and the risk of adulterated fuel has been mitigated. The removal of fuel subsidy has also paved the way for a more sustainable energy ecosystem, encouraging the use of alternative energy sources and reducing Nigeria’s reliance on fossil fuels.

The group urged the NNPCL to maintain transparency in its operations and avoid re-introducing fuel subsidy through the backdoor.

“We believe that the removal of fuel subsidy is a step in the right direction, and we urge the government to continue on this path towards economic recovery,” Folorunsho said.

 

 

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Adron Homes Celebrates Christmas with Customers, Reaffirms Commitment to Bridging Nigeria’s Housing Deficit

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Adron Homes Celebrates Christmas with Customers, Reaffirms Commitment to Bridging Nigeria’s Housing Deficit

 

As the world embraces the joy and warmth of the Christmas season, Adron Homes and Properties, Nigeria’s foremost real estate company, has extended heartfelt greetings to its esteemed customers while reaffirming its commitment to addressing the nation’s housing challenges.

In a message of gratitude and celebration, Adron Homes expressed deep appreciation to its customers for their trust and loyalty throughout 2024. The company highlighted its unwavering dedication to making incredible housing affordable for all Nigerians, in line with its mission of reducing the country’s housing deficit.

“Christmas is a time to celebrate family, unity, and gratitude,” the statement read. “As we reflect on the year, we are proud to have played a role in making homeownership a reality for thousands of Nigerians. Our vision is clear—to bridge the housing deficit by providing affordable, luxurious, and secure homes for all, regardless of income level.”

Adron Homes has continued to lead the real estate industry by implementing innovative solutions that make homeownership accessible, including flexible payment plans and cost-effective housing models tailored to meet diverse customer needs.

As part of its Christmas and end-of-the-year celebration, the company has launched a special festive promotions ‘Lemon Friday’ aimed at encouraging more Nigerians to join its growing community of homeowners.

“We remain committed to transforming dreams into reality. This is not just about building homes; it’s about building futures and creating opportunities for families to thrive in a space they can call their own,” the statement added.

Adron Homes extended warm wishes to all Nigerians and its global customers, urging them to embrace the season’s spirit of love and hope. “May your homes be filled with peace, joy, and prosperity this Christmas and beyond.”

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