society
FrieslandCampina WAMCO beats the odds, announces 35% revenue increase
FrieslandCampina WAMCO beats the odds, announces 35% revenue increase
Dairy leader and maker of Peak, Three Crowns, Coast, Olympic and Nunu brands of milk FrieslandCampina WAMCO Nigeria PLC has announced 35% revenue growth and 1-for-1 bonus at its 49th Annual General Meeting held recently at the Sheraton Hotel, Ikeja, Lagos.
*Operating Results and Performance:*
The Company achieved strong volume and value growth compared with the previous year despite the difficult operating environment characterised by increased competition and influx of substitute propositions. As a result, Turnover increased by 35% from N199.5 billion in 2020 to N268.4 billion in 2021. Operating Profit increased by 13% from N19.4 Billion in 2020 to N22 Billion in 2021. High Finance costs due to Naira devaluation led to a decline in Profit Before Tax (PBT) by 15% from N14.9 billion in 2020 to N12.7 billion in 2021.
Ben Langat, Managing Director FrieslandCampina WAMCO Nigeria PLC and Sub-Sahara Africa Cluster, explained: “In the year under review, we made excellent progress in strengthening our business strategies. We scaled up investments in brands and optimized physical availability. The combination of solid brands, operational excellence and expanded route-to-market (RTM) distribution strategy sustained our leadership position and delivered significant top-line growth. Likewise, our sustainable Dairy Development received a boost through significant initiatives including collaboration on the Value4Dairy Consortium, investment in a new mobile yoghurt factory to scale up fresh milk processing, expansion to new states; all modelled towards delivering and accelerating backward integration of the dairy sector in Nigeria.”
In accordance with the company’s dividend policy, the Board of Directors proposed a total dividend of N5.83 per N0.50 ordinary share. An interim dividend of N1.10 was paid in 2021, and a final cash dividend of N4.23per N0.50 share was approved by the shareholders at the Annual General Meeting plus a bonus share to be issued to existing shareholders on a one-for-one basis i.e., one ordinary share with a nominal value of N0.50 for each share owned.
According to Mr. Moyo Ajekigbe, OFR, Chairman, Board of Directors, “Our achievements in 2021 were the result of concerted efforts by various stakeholders, and I would like to express my appreciation to them for their valued contributions. The Board recognises the formidable leadership, resilience and professionalism of the Management Team, which delivered the strong performance recorded in 2021; and our greatly valued employees at all levels for their hard work, dedication and continued commitment. Despite the severe headwinds in our business environment, our Company was able to sustainably grow the business across the board.”
*2022 Company Outlook*
The country’s GDP is expected to grow by 3-4%; however, the outlook remains clouded by uncertainty surrounding oil price trajectory, scarcity of FX, rising inflation, high unemployment, security challenges and social tensions across the country. Both the supply and demand sides of our business would be under immense pressure. The expected volatility and uncertainty in the business environment not withstanding, the Board and Management remain confident about the future of the Company and are committed to its success and sustainability. We are confident that the Company’s brands, which are leaders in the dairy sector, will continue to leverage our optimised route-to-market. We will continue to aggressively pursue our backward integration and product diversification strategies with vigour to ensure the long-term sustainability of our business.
society
ADC Unveils Opposition Strategy as Obi, Atiku, Amaechi Move to Challenge Tinubu in 2027
ADC Unveils Opposition Strategy as Obi, Atiku, Amaechi Move to Challenge Tinubu in 2027
By George Omagbemi Sylvester
“Opposition heavyweights explore coalition strategy under the African Democratic Congress as political analysts debate whether a united front can realistically challenge President Bola Ahmed Tinubu in the 2027 presidential election.”
Peter Obi, Atiku Abubakar, and Rotimi Amaechi are working together under the platform of the African Democratic Congress (ADC) as part of a coordinated political effort aimed at defeating Bola Ahmed Tinubu and the ruling All Progressives Congress (APC) in the 2027 Nigerian presidential election, according to party insiders who revealed the strategy in Abuja in March 2026.

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The ADC leadership disclosed that the three prominent political figures (each of whom commands significant national followership) are currently holding consultations, building a broad opposition coalition, and harmonising political structures across Nigeria’s six geopolitical zones. The objective, according to the party, is to create a unified opposition front capable of challenging the electoral dominance of the APC, which has controlled Nigeria’s presidency since 2015.
Party officials said the collaboration represents a deliberate attempt to replicate the successful coalition strategy that defeated the then-ruling party in 2015, when several opposition blocs merged to form the APC and ultimately removed the People’s Democratic Party (PDP) from power after sixteen years. Analysts say the ADC coalition hopes to reverse that historical pattern by bringing together major opposition figures under a single political platform before the 2027 elections.
According to political insiders, the discussions among Obi, Atiku and Amaechi revolve around three key pillars: coalition building, electoral strategy, and national policy alternatives designed to appeal to voters dissatisfied with Nigeria’s economic direction and governance challenges. The ADC reportedly believes that combining Obi’s youth-driven support base, Atiku’s political networks across northern Nigeria, and Amaechi’s organisational influence within the political establishment could create a formidable opposition alliance.
Political scientist Prof. Pat Utomi argued that coalition politics may be the only realistic path for opposition forces seeking to defeat an incumbent government in Nigeria. According to him, “Opposition fragmentation has always been the ruling party’s greatest advantage. A coalition changes the arithmetic of Nigerian politics.”
Similarly, constitutional lawyer Femi Falana (SAN) observed that the emerging alliance reflects a broader democratic pattern. “In many democracies, opposition parties must cooperate to challenge incumbents effectively. What matters is whether such cooperation produces credible alternatives for voters,” Falana said in a recent public lecture on electoral reform.
However, not all analysts believe the coalition will automatically translate into electoral victory. Political commentator Dr. Jide Ojo noted that Nigeria’s electoral politics is shaped by regional balancing, party structures, and grassroots mobilisation, factors that may complicate the opposition’s strategy. “Coalitions are powerful, but they only work when ideological differences are managed and when leadership ambitions are carefully negotiated,” he explained.
The question of who will eventually emerge as the coalition’s presidential candidate remains one of the most sensitive issues. Both Obi and Atiku previously contested the presidency in the 2023 election, while Amaechi (former governor of Rivers State and former Minister of Transportation) also ran in the APC presidential primaries that produced Tinubu as candidate. Negotiations over the presidential ticket are therefore expected to become a central issue as coalition talks progress.
Political historian Dr. Sam Amadi, former chairman of the Nigerian Electricity Regulatory Commission, believes the coalition’s success will depend on whether it can present a clear national vision rather than merely an anti-Tinubu agenda. According to him, “Nigerians are not only interested in defeating incumbents; they want to know what comes after. A coalition must offer policy credibility.”
Meanwhile, supporters of the ruling APC dismiss the coalition as politically exaggerated. Some party leaders argue that the opposition alliance lacks cohesion and may eventually collapse under internal rivalry. They maintain that President Tinubu still commands strong political structures nationwide and remains well-positioned ahead of the 2027 race.
Despite the skepticism, the emerging ADC coalition has already intensified political discussions across the country. For many observers, the alliance represents the first serious attempt to reshape Nigeria’s opposition landscape since the 2023 general election.
Whether the collaboration between Obi, Atiku and Amaechi will ultimately succeed in unseating Tinubu remains uncertain. What is clear, however, is that the battle for Nigeria’s 2027 presidency has quietly begun, with coalition politics once again emerging as a decisive factor in the nation’s democratic trajectory..
society
UNIPGC AFRICA Seals Strategic Partnership with Greenvillage Empowerment Foundation for Capacity Building Initiatives Spearheaded by the Governor of Tana River County, Kenya
*UNIPGC AFRICA Seals Strategic Partnership with Greenvillage Empowerment Foundation for Capacity Building Initiatives Spearheaded by the Governor of Tana River County, Kenya
In a significant step toward strengthening sustainable development and leadership capacity across Africa, *UNIPGC AFRICA* has officially sealed a strategic partnership with *Greenvillage Empowerment Foundation (GVEF)* to implement impactful capacity-building projects. The initiative is spearheaded by the Governor of Tana River County, Republic of Kenya.
The partnership was formalized through the signing of a *Memorandum of Understanding (MoU)* by key representatives of both organizations. Signatories to the agreement include *H.E. Amb. Jonathan Ojadah*, Global President of the United Nations International Peace and Governance Council (UNIPGC); *Amb. Jase Carlos Sousa,* Member of the UNIPGC Supreme Council; and *H.E. Maj. (Rtd.) Dr. Dhadho Godhana*, Executive Governor of Tana River County.
The MoU establishes a robust framework of cooperation between *UNIPGC* and *GVEF* reflecting a shared vision and strong alignment of values in promoting sustainable development, peace, and inclusive governance across Africa.
Under the agreement, both organizations will collaborate on a wide range of development initiatives, including the promotion of *democracy and good governance*, *climate change education and environmental sustainability*, *health promotion through water, sanitation and hygiene (WASH), Youth capacity building through Robust Film Production Ecosystem, sports development and gender equality and empowerment of marginalized communities*.
The partnership will also actively support and advance the *United Nations Sustainable Development Goals (UNSDGs)*.
As part of the collaboration, UNIPGC and GVEF have committed to establishing effective channels for joint action through the design and implementation of programs and projects that address shared development priorities. These initiatives will focus on strengthening leadership capacity, promoting inclusive participation in governance, and enhancing community-based development efforts.
Furthermore, the partnership will encourage mutual institutional support, enabling both organizations to provide *technical expertise, strategic guidance, and moral support* toward the successful implementation of their initiatives.
This landmark collaboration marks a major milestone in advancing cross-sector partnerships aimed at fostering *sustainable development, social inclusion, and transformational leadership across Africa*, while reinforcing the collective commitment of both organizations to achieving the *United Nations Sustainable Development Goals*
society
Ajadi, Sheikh Sannu Sheu Charge Politicians on Good Governance
Ajadi, Sheikh Sannu Sheu Charge Politicians on Good Governance
The Oyo State governorship aspirant on the platform of the Peoples Democratic Party (PDP), Ambassador Olufemi Ajadi Oguntoyinbo, has emphasised the need for politicians to embrace good governance and people-oriented leadership as a fundamental principle of politics in Nigeria.
Ajadi made this call on Friday, shortly after the 4th Annual Ramadan Lecture, organised under his Omituntun 3.0 platform at the BCOS Garden, Bashorun, Ibadan, where he spoke with journalists on the significance of the lecture, themed “Oselurere” (Good Governance).
The well-attended event featured a lecture by a renowned Islamic scholar, Fadheelatus-Sheikh Al-Mufasir Usman Sannu Sheu, the Chief Tafseer of Ilorin Emirate, Al-Adaby, who spoke extensively on the Islamic and socio-political perspectives of good governance, stressing that leadership must be anchored on justice, accountability, and service to humanity.
Speaking after the event, Ajadi explained that the choice of Oselurere as the theme for this year’s lecture was deliberate, noting that it was necessary to educate both current and aspiring politicians on the true essence of politics as service to the people.
According to him, the practice of good politics must be properly understood from both religious and socio-political viewpoints so that the coming generation of leaders can develop the right character for public service.
He said: “Oselurere, which means good governance, was carefully chosen as the topic so we can hear from our guest lecturer about the rewards of practising good politics and also understand what good politics is all about.”
He added that the lecture was also intended to correct the mindset of politicians who seek public office without clear plans to improve the lives of the people.
“The topic is also chosen so that politicians will learn that they should not just assume office without having good things in mind to offer the masses and our nation. That is why we invited our Islamic and renowned scholar, Sannu Sheu, to treat this important subject,” he said.
Reflecting on the history of the annual lecture, Ajadi disclosed that the first three editions were held in Ogun State, where the focus was on humanitarian services and feeding programmes during Ramadan as a way of demonstrating compassion and service to humanity.
The first to third Ramadan lectures hosted by me were held in Ogun State for Muslims and people of other faiths to witness how good it is to feed people and render humanitarian services. The month of Ramadan is one of the best periods to demonstrate these virtues, and that is why I have come to my father’s state of origin, Oyo State, to continue the humanitarian services,” he said.
He further called on Nigerians to use the Ramadan and Lenten periods as opportunities for spiritual rebirth, unity, and prayers for the nation.
“Let us use this period of Ramadan and Lent to learn how to live together in peace, remain united, and be prayerful for our country,” Ajadi advised.
The PDP gubernatorial aspirant also expressed optimism about the electoral fortunes of his party in future elections, saying he believes the PDP will record victories at different levels.
“By the grace of God, our great party will be on the ballot and there will be total victory in the various political offices our candidates will contest for,” he added.
In his lecture, Sheikh Sannu Sheu emphasised that good governance is not only a political obligation but also a moral and religious responsibility. He said Islam places a high premium on leaders who are just, trustworthy, and committed to the welfare of their followers.
The cleric explained that the concept of Oselurere goes beyond political promises, stressing that it includes fairness, transparency, accountability, and prioritising the needs of the weak and vulnerable in society.
He urged leaders at all levels to see their positions as a trust (Amanah) from God and the people, warning that they would be held accountable for how they exercise authority.
The scholar also encouraged citizens to support leaders with prayers and constructive engagement while also holding them accountable through lawful means.
The event attracted Islamic clerics, political stakeholders, community leaders, party members, and residents of Ibadan and its environs. It also featured Qur’anic recitations, special prayers for Oyo State and Nigeria, as well as spiritual musical performances by notable Islamic artistes.
Some of the political stalwarts who graced the occasion included the Executive Chairman of Egbeda Local Government and Chairman of ALGON, Hon. Sanda Sikiru Oyedele; the Oyo State Commissioner for Women Affairs and Social Inclusion, Hon. (Mrs.) Toyin Balogun; and Chief Babatunde Tijani, popularly known as “Double T,” a prominent political figure and Olori-Ebi of the Omituntun Dynasty, among other political leaders.
Observers noted that the annual Ramadan Lecture has continued to grow in prominence, serving as a platform for discussing the intersection between faith, governance, and societal development while also promoting peaceful coexistence among Nigerians of different religious and political backgrounds.
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