Connect with us
Advertisment

Business

FrieslandCampina WAMCO: Langat Speaks On Revolutionizing Dairy Sector, Benefits

Published

on

FrieslandCampina WAMCO: Langat Speaks On Revolutionizing Dairy Sector, Benefits

FrieslandCampina WAMCO: Langat Speaks On Revolutionizing Dairy Sector, Benefits

 

Advertisment

 

Known in multinational circles as a turnaround business strategist, the Managing Director of FrieslandCampina WAMCO and Sub-Saharan Africa Cluster, Ben Langat, has maintained steam in the sustainable dairy breakthroughs that the firm has championed in more than a decade.

Advertisment

 

 

 

Advertisement

 

 

Since 2010 and still counting, FrieslandCampina WAMCO has invested over N21 billion in the Nigerian dairy sector even as the dairy giant continues to lead the transformation of the sector. Media visits to the dairy development sites of the firm across several states in the country show how the lives, living and livelihoods of thousands of farmers, their wives and children have gradually upscaled; improving their nutrition, health, earnings and access to child education, among other benefits that had eluded them for decades.

 

 

 

 

 

 

Thriving on its corporate commitment of nourishing Nigerians with quality dairy products, FrieslandCampina WAMCO continues to help solve issues of malnutrition, poverty, herders and farmers’ incessant clashes, as well as promote sustainable dairy practices through intense and creative backward integration.

 

FrieslandCampina WAMCO: Langat Speaks On Revolutionizing Dairy Sector, Benefits

 

 

 

The company has created over 100,000 employment opportunities, directly and indirectly through on-farm and off-farm activities; improved the livelihood of over 12,000 smallholder dairy farmers and pastoralists, which they have organized into cooperatives and integrated them into FrieslandCampina WAMCO’s fresh milk supply chain, which provides for the local dairy farmers guaranteed incomes and market access all-year round.

 

 

 

 

 

 

FrieslandCampina WAMCO provided access to potable water for communities and livestock with the construction of 109 solar-powered boreholes and proficient extension services for value chain actors; extensive farmer2farmer training where Dutch farmers visit Nigeria to train local farmers on animal health, hygienic milking, and best global dairy practices.

 

 

 

 

Besides developing productivity and efficiency in farm management, FrieslandCampina WAMCO is the highest off-taker of fresh milk produced locally for manufacturing in Oyo, Osun, Ogun, Kwara and Ondo and have spread their footprints into northern Nigeria as champions of the nation’s march towards a prosperous and self-sufficient dairy industry.

 

 

 

 

Speaking to the media recently, the eminent dairy management maestro, Langat fielded these questions among others, thus lending credence to the impact his company has made in the dairy sector…

 

 

 

How do you sustain local content for your products?

To grow high milk-yielding cows, you have to put in extra effort like we have been doing for over 12 years. FrieslandCampina WAMCO is the highest off-taker of fresh milk produced locally from five states in Nigeria. Our Yoghurt factories are running on local milk, so we can say we have brands that are 100% Nigerian in our portfolio. However, to be able to meet the total dairy nutrition demands in a country as large as Nigeria, the local milk currently available is still very much inadequate. In my opinion, the model that the country will run will still have a reasonable mix of importation of some of the raw materials, while local content is developed over a period of time.

What impact do your dairy activities have in your host communities?

We are doing all the right things if you look at it from the employment perspective. Among the 12,000 farmers we work with, there are about 1500 Fulani women who had been at home but today, they are productive and are being paid regularly for raw milk and their families are much more prosperous than before – the farmers, their wives and children. In some cases, their mud huts have been rebuilt to brick houses and their children now go to school, which they could not afford before.

How have you dealt with the paucity of Forex and threats of insecurity?

We have had to restrict our Forex needs as much as we can and also source it by any means legal. We sometimes source from commercial banks in addition to whatever the Central Bank is able to make available. Also, some of our service providers are able to source Forex and supply us products in Naira. This invariably means that the cost of raw materials will go up and ultimately affect the retail prices of our products. On insecurity, we have regular conversations with relevant government security agencies. We will never risk the lives of our people. Where we have security challenges around areas where we operate, we pull out for the time being like the case of the Bobi Reserve in Niger State. We had to withdraw from the location due to banditry in order not to risk the lives of our people. We are now in eight states in Nigeria; we work with 23 dairy cooperatives; we collect more than 40,000 litres of milk daily at peak periods and we have best-in-class raw milk quality, one of the best in Africa.

BIO: Bernard Cheruiyot Langat joined FrieslandCampina WAMCO Nigeria in 2017 as the Managing Director and in July 2021, his role was expanded to Sub-Saharan Africa Cluster. He has over 30 years’ experience having worked in leading multinationals – Unilever, Coca Cola Hellenic – and across African markets in Kenya, Malawi, Ghana and Nigeria, where he has consistently led businesses to accelerate performance and build long term growth strategies, and has delivered impressive results even during volatile times.

 

Advertisment

Business

TY BURATAI HUMANITY CARE FOUNDATION CALLS FOR EXPULSION OF A CHINESE FAMILY OWNERS OF A SUPERMARKET THAT SEGREGATES NIGERIANS

Published

on

TY BURATAI HUMANITY CARE FOUNDATION CALLS FOR EXPULSION OF A CHINESE FAMILY OWNERS OF A SUPERMARKET THAT SEGREGATES NIGERIANS

 

Advertisment

 

In a bold statement released by the TY Buratai Humanity Care Foundation, a call has been made for the expulsion of the Chinese family owners of a supermarket in Abuja, Nigeria, who deny Nigerians access to shop. The foundation, led by it’s Chairman Amb Ibrahim Dahiru Danfulani Sadaukin Garkuwan Keffi and Betara of Biu, expressed deep concern over the discriminatory practices of the supermarket, which only allows Chinese citizens to enter and purchase goods while barring Nigerians from doing the same.

Advertisment

The Grand Patron of the Foundation, His Excellency Ambassador Lt Gen Tukur Yusufu Buratai (Rtd) CFR, former Chief of Army Staff, condemned the discriminatory actions of the supermarket owners, likening it to racism. He emphasized that no foreign citizen should be denied his rights in Nigeria as long as he or she abides by the country’s laws. Gen Buratai questioned the audacity of foreigners dictating terms to bona-fide citizens on how to live or stay in their own country.

Gen Buratai further criticized the discriminatory policies of the supermarket owners, stating that there is no valid reason for a company in Nigeria to refuse to sell to Nigerians. He labeled the actions of the Chinese family-owned establishment as a clear case of racism and called for decisive action by the federal government against any individuals, foreign or Nigerian, who flout the rules and regulations of the nation.

The TY Buratai Humanity Care Foundation’s stance on the issue serves as a strong message against segregation and open hatred towards Nigerians. The foundation urges the government to address such discriminatory practices swiftly and firmly to uphold the rights and dignity of all citizens in Nigeria and even abroad.

Advertisement

Advertisment
Continue Reading

Business

$87m Theft: Abayomi Remanded in Suleja Until Bail Perfection As Court Adjourns Till 14th (Video)

Published

on

$87m Theft: Investors of Afriq Arbitrage System Boos,Jeer At Abayomi, Remanded in Suleja Until Bail Perfection As Court Adjourns Till 14th

$87m Theft: Investors of Afriq Arbitrage System Boos,Jeer At Abayomi, Remanded in Suleja Until Bail Perfection As Court Adjourns Till 14th ( Video)

 

Advertisment

 

 

Advertisment

The arraignment of Abayomi Oluwasesan over the lingering theft saga to the tune of $87m commenced today with the review of his bail conditions.

Abayomi Segun Oluwasesan who allegedly committed the heinous crime of defrauding the leading global crypto space known as Afriq Arbitrage System was arraigned alongside his wife at the FCT High court, Jabi in Abuja.

Earlier, the defendants’ lawyer appealed for leniency on the stringent bail condition on behalf of Abayomi OluwaSesan citing their prolonged detention and promising their availability for trial if granted bail. However, the complainant lawyer, Sidi Abdulrasheed, opposed the bail request, highlighting previous instances where the defendants had allegedly fled after being granted bail.

Advertisement

 

Responding to the bail review, the presiding judge, Ms. Idris insisted the earlier bail conditions remain valid with little modification. It would be recalled that the conditions initially given included provision of two sureties each with 500 million Naira, owning property in Maitama, and also two directors in the federal civil service. Additionally, the sureties must deposit the title documents of their properties in court. However, in his ruling today, he said the sureties should be owners of properties anywhere within the FCT and worth 400 million naira and above. He also reiterated that the two directors should be serving directors and the properties be valued by a licensed estate valuer registered with the federal government.

Thereafter, he adjourned the proceedings till 14th ,15th and 16th of May 2024 for speedy trials.

 

Speaking to Jesam Micheal, the CEO of Afriq Arbitrage System (AAS) after the court proceedings, he clarified the wrong narratives about the case. He said the appearance of Abayomi in court has justified the truth that he defrauded the company to the tune of $87m and that he has confessed to his crime. He narrated how Abayomi who was entrusted with the platform while he went for liver transplant tempered with the systems and defrauded the community of the staggering sum of $87m. He stated that all he is after is for him to refund the stolen funds.

Also, the complainant’s counsel, Barrister Obeten revealed that justice will be served at the court as the suspect has allegedly admitted to committing the crime.

 

Meanwhile, there was mild drama in court as thousands of investors stormed the court today, booed and jeered at Abayomi and his wife. Their anger was not unconnected to the fact that his actions gravely affected them and their means of livelihood.

 

 

It would be recalled that Abayomi and his wife were tracked to an estate in Lagos and brought back to Abuja on Sunday, March 24th, 2024 over the lingering financial scam to the tune of 87 million dollar and criminal activities he perpetrated against AAS and the CEO, Jesam Micheal.

 

 

The arraignment of Abayomi by the IG of police at the Federal High Court in Abuja witnessed a significant development on Thursday, March 28th, 2024, as the case involving the alleged theft of 87 million dollar by Abayomi OluwaSesan charged by the Inspector General of Police, Kayode Egbetokun, proceeded with significant deliberations.

 

 

The accused individuals were charged for purportedly accessing millions of subscribers’ investments at the Afriq Arbitrage Company’s online trading platform until October 9th, 2023.

 

$87m Theft: Investors of Afriq Arbitrage System Boos,Jeer At Abayomi, Remanded in Suleja Until Bail Perfection As Court Adjourns Till 14th

Advertisment
Continue Reading

Business

Wema Bank Celebrates Remarkable Journey of 79 years

Published

on

Wema Bank Celebrates Remarkable Journey of 79 years

 

Advertisment

 

In a remarkable celebration of heritage and innov ation, Wema Bank, Nigeria’s most innovative bank and pioneer of Africa’s first fully digital bank, ALAT today announced a joint celebration marking Wema Bank’s 79th years and ALAT’s 7 years anniversaries. This significant celebration not only commemorates nearly eight decades of exceptional service and innovation in the Nigerian banking sector but also celebrates the bank’s seven years of digital excellence with ALAT.

Advertisment

 

Wema Bank Celebrates Remarkable Journey of 79 years

 

Advertisement

 

Since its inception in 1945, Wema Bank has been at the forefront of financial innovation, constantly adapting to meet the evolving needs of its customers. Over the decades, the bank has evolved from a regional bank to a national bank, adapting continuously to meet the dynamic needs of its customers and establishing itself as a pillar of trust and reliability for millions of individuals and businesses across Nigeria.

According to the MD/CEO Wema Bank, Mr. Moruf Oseni, the bank’s evolution from being Nigeria’s oldest indigenous bank to being at the forefront of innovation, pioneering Africa’s first fully digital bank, ALAT, has been a true story of resilience and transformation.

“At 79, Wema Bank stand stronger than ever, and this achievement would not have been possible without the support of our customers and employees. We thank them for believing in the Wema vision, for entrusting their financial security to us, and for allowing us to contribute to their personal and professional aspirations. Their faith in us is deeply cherished, and we are honored to serve them.”

“As we mark our 79th year today, we reaffirm our commitment to empowering lives through innovation, and exceeding our customers expectations with unparalleled banking experiences tailored to their needs. Our pledge is to stand by our customers through every stage of life, offering enabling platforms to accelerate their growth and propel them to extraordinary heights.”

“While the past 79 years have been remarkable, we anticipate that the coming decades will be even more inspiring. With the partnership of our customers and employees, Wema Bank is poised to set new standards in financial services and redefine the future.” He concluded.

As part of the anniversary celebrations, Wema Bank and ALAT are rolling out a series of customer-focused activities designed to reward loyalty and enhance the customer experience. Throughout the anniversary month, customers will enjoy various promotions, including discounts on transactions, cash prizes, special loan offers and much more.

This anniversary is more than a celebration; it’s a reaffirmation of Wema Bank’s resilience and ongoing commitment to innovation and customer satisfaction in a competitive industry. Both Wema Bank and ALAT are poised for further growth, with strategic initiatives designed to enhance customer-centric services and expand the reach yearsw capability of digital banking solutions.

Advertisment
Continue Reading

Cover Of The Week

Trending