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Pelican Valley Mulls Interest – Free Credit Facility For Ogun Journalists

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Pelican Valley Mulls Interest – Free Credit Facility For Ogun Journalists

… As State NUJ Council Seeks Partnership With the Foremost Real Estate Firm

By Heritage Odih, Abeokuta

 

 

 

Pelican Valley Nigeria Limited is considering putting in place, a platform for journalists having existing and functioning ‘second address’ projects to access interest – free loan facility seamlessly.

 

 

 

 

The foremost real estate firm said the initiative when formalised would propel the beneficiaries’ aspirations further and encourage them to persevere on the path to self sustainability.

 

 

 

The Chief Executive Officer(CEO) of Pelican Valley, Ambassador (Dr.) Babatunde Adeyemo, disclosed this on Friday at The Podium within the sprawling Pelican Valley Estate Laderin, Abeokuta when he received members of the Ogun State Council of Nigeria Union of Journalists(NUJ) executive.

 

 

 

The 4 – man delegation comprising the Chairman, Com. Wale Olanrewaju, State Secretary, Com. Bunmi Adigun, Com. Femi Osipitan (chairman, Information Chapel) and Com. Bolaji Abiodun was at Pelican Valley Estate on courtesy visit to Dr. Adeyemo, where Com. Olanrewaju sought a symbiotic relationship and partnership with the firm in the areas of developing the first Ogun Journalists Estate, a Newsroom within Iweiroyin premises to be named after the late Mass Communication scholar, Professor Lai Osho, among others.

 

 

 

The multiple – award winning realtor noted that being an unrepentant advocate of second address, not only to the Nigerian journalists, but also to some of the nation’s politicians and political office holders, explained why he ventured into real estate business, combining it with news reporting to avert the risk of economically vulnerable.

He urged journalists practicing in the State to start charting a path to second address and stay on it to ward off future financial insecurity.

He hailed the leadership of Ogun NUJ, Com. Olanrewaju, for his transformative jobs being done at the Council Secretariat Okelewo within a short time of coming on board, vouching that given Comrade’s achievements so far, he could comfortably run any Local Government Area in Nigeria with zero federal allocation and still succeed.

The Anti – corruption ambassador commended his guests for the visit and expressed the readiness of the Pelican Valley to enter into partnership with the state Council in many mutually beneficial areas.

“Having considered the economic vulnerability of an average journalist in Nigeria, using my personal experience as a case study, I decided in the course of time to combine my news reporting with real estate business, so as not to lose my economic power and become economically vulnerable, which might eventually affect my objectivity in news reporting.

“As they say, ‘he who pays the piper dictates the tune.’ This singular conviction and adventure gave birth to the Pelican Valley Nigeria Limited and our numerous estates today.

“Today, Pelican Valley has not only become an household name but I, as the CEO of the estate firm, has become the poster boy of the real estate sector in Ogun state, having established one of the fastest growing Estates in the state.

“I am an unrepentant advocate of second address, not only to the Nigerian journalists, but also to some of our politicians and political office holders, who see political offices not as a service to humanity, but a business venture.

“In view of the above development and our zeal to bring in more journalists into the ‘second address’ drag net, Pelican Valley Nigeria Limited is proposing a platform where journalists who are already into an existing and functioning ‘second address projects’ can be encouraged with an interest – free soft loans to propel their aspirations further and encourage them to be on the path to self sustainability.

“This intervention should not be perceived as a national cake as disbursement would be personally scrutinised by us and will be one hundred percent based on merit.”

Adeyemo noted that in recognition of the critical role journalism practice in Ogun State had played in the birth and life of Pelican Valley, the real estate firm humbly facilitated the building of the present Iwe Iroyin mosque, two years ago, among other soft and private empowerments to vulnerable members of the Council.

He, therefore, appealed to the national leadership of NUJ to look into the Union’s constitution and create a space to accommodate non – practicing professionals like him and others as full fledge members, urging the body not to cast its heroes away in perpetuity.

“We cannot continue to throw away our heroes,” he advised.

Speaking earlier, Com. Olanrewaju hailed Dr. Adeyemo for his landmark achievements in real estate business and attributed the success story of the Pelican Valley Nigeria Ltd to the upright and responsible manner the CEO had conducted himself when he was in an active journalism practice.

The Ogun NUJ boss described Adeyemo as a man of integrity and dependable character, saying these attributes earned him the trust and confidence of investors in his real estate business, also assuring him that the Council’s consistent support any day.

Olanrewaju, however, used the visit to intimate him of basic facilities and infrastructural needs of the Council and solicited his support to address them.

 

Pelican Valley Mulls Interest - Free Credit Facility For Ogun Journalists

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Tony Elumelu in Global Academic Limelight as the Tony Elumelu Foundation Case Study becomes part of Harvard’s Curriculum

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Tony Elumelu in Global Academic Limelight as the Tony Elumelu Foundation Case Study becomes part of Harvard’s Curriculum 

Tony Elumelu in Global Academic Limelight as the Tony Elumelu Foundation Case Study becomes part of Harvard’s Curriculum

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sahara Weekly Reports That In an unprecedented move, the Harvard Business School, the graduate business school of Harvard University, is set to cast the spotlight on the Tony Elumelu Foundation (TEF), recognising the Foundation’s extraordinary philanthropic achievement in a ground-breaking case study.

 

 

 

 

 

 

 

 

 

Tony Elumelu in Global Academic Limelight as the Tony Elumelu Foundation Case Study becomes part of Harvard’s Curriculum 

 

 

 

 

 

 

 

 

The case study, first of its kind on any philanthropic organisation in Africa, is to be launched on Thursday, February 29, 2024, before a class of graduate students in Boston, Massachusetts and will explore the Foundation’s unique approaches and transformative initiatives, showcasing how strategic philanthropy offered by TEF is driving positive change and elevating countries and communities.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

This move by Harvard underscores the Foundation’s pivotal role in empowering young African entrepreneurs across all 54 African countries and places the Foundation at the forefront of global discussions on transformative and catalytic philanthropy, acknowledging its significant contributions towards fostering entrepreneurship in Africa.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

In addition to delving into the foundation’s innovative approaches and the resultant impact it has garnered over the years, the event will also feature an exclusive acknowledgment of the Founder of TEF, Tony Elumelu’s economic philosophy of Africapitalism, which positions the private sector, and most importantly entrepreneurs, as the catalyst for the social and economic development of the African continent.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The Tony Elumelu Foundation is the leading philanthropy, empowering a new generation of African entrepreneurs, driving poverty eradication, catalysing job creation across all 54 African countries, and increasing inclusive economic empowerment.

 

Since the launch of the TEF Entrepreneurship Programme in 2015, the Foundation has trained over 1.5 million young Africans on its digital hub, TEFConnect, and disbursed over USD$100 million in direct funding to 20,000 young African women and men, who have collectively created over 400,000 direct and indirect jobs.

 

Tony Elumelu who spoke on the impact of TEF on the African youth said, “TEF is creating economic hope and opportunity for African Entrepreneurs. We know that entrepreneurship is the antidote to poverty, youth unemployment and insecurity. Through the intervention of the Tony Elumelu Foundation, we are encouraging our young people, giving them hope through the seed capital we provide, capacitising them through the training and mentoring we provide and setting them up to create businesses that will succeed and create even more jobs. Collectively we are fixing the challenges that we have on the continent.

 

Continuing, he said, “the Tony Elumelu Foundation was set up to create more successful African business leaders. We want to replicate our own success and create entrepreneurs who will build more prosperity on the continent and for the continent. It’s all about transforming our society and making sure that we leave the society better than we met it. It is not about the money that we have in our bank accounts, it is about the legacy that we make and the impact we create. Prosperity for all is what will create the security, harmony and peace that we need.”

 

The Harvard Business School session will provide a platform for thought leaders, scholars, and business enthusiasts to engage in a meaningful discussion on the role of philanthropy in shaping sustainable and inclusive economies. As the world grapples with complex challenges, the Tony Elumelu Foundation stands as a beacon of hope, showcasing how strategic philanthropy can be a driving force for positive change.

 

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Dr. Babatunde Okewale Officially Opens Akowonjo Branch Of St. Ives Hospital in Lagos

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Dr. Babatunde Okewale Officially Opens Akowonjo Branch Of St. Ives Hospital in Lagos

Dr. Babatunde Okewale Officially Opens Akowonjo Branch Of St. Ives Hospital in Lagos

 

 

Under the sparkling Lagos sky, the city’s medical landscape underwent a transformative shift with the grand unveiling of the St. Ives Akowonjo Hospital on February 26, 2024. The event was not just a mere opening but a spectacle of healthcare innovation, marking a new horizon in the industry. The mastermind behind this revolutionary facility, Dr. Babatunde Okewale, infused the new hospital with his passion for enhancing the well-being of women and their families, establishing a new benchmark for medical excellence.

The avant-garde St. Ives Akowonjo Hospital emerges as a colossus of healing in the heart of Lagos. Its design transcends traditional architectural norms, embodying a sanctuary where cutting-edge medicine meets heartfelt compassion. This hospital isn’t merely constructed of bricks and beams; it resonates with the pulse of the community, echoing the collective desire for superior healthcare services.

With 40 in-patient beds, the hospital promises to be more than just a facility for the sick; it aims to be a nurturing cradle for life itself. Dr. Okewale’s visionary approach is evident in every corner of the hospital, from the state-of-the-art equipment to the dedicated team of medical professionals ready to extend their expertise and empathy to every patient.

The story of St. Ives Akowonjo is a testament to the journey of ambition, fueled by a relentless commitment to healthcare excellence. The hospital stands as a beacon of hope, transforming the lives of countless individuals through its comprehensive services focused on fertility and general wellness. This expansion represents a response to the growing healthcare needs of the community, reflecting the unwavering trust and satisfaction of its patients.

The opening of this facility is more than just an addition to Lagos’ healthcare infrastructure; it is a reaffirmation of Dr. Okewale’s lifelong dedication to bringing joy and healing to families. His work, particularly in the field of reproductive health, has broken barriers and democratized access to fertility treatments, earning him accolades and respect both locally and internationally.

As St. Ives Akowonjo begins its journey, it pledges to be a haven of care, where miracles are not just a possibility but a daily occurrence. The hospital embodies the promise of a new era in healthcare, where doors are always open and hearts are perpetually ready to heal.

 

 

Dr. Babatunde Okewale Officially Opens Akowonjo Branch Of St. Ives Hospital in Lagos

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We Reduced Our Cement X- Factory Price To N3500, But Other Players Took Advantage Of Our Gesture’ -BUA Group

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We Reduced Our Cement X- Factory Price To N3500, But Other Players Took Advantage Of Our Gesture’ -BUA Group

We Reduced Our Cement X- Factory Price To N3500, But Other Players Took Advantage Of Our Gesture’ -BUA Group

The Group Executive Director of BUA Group, Kabir Rabiu, has reaffirmed that there was a price reduction for BUA cement from N5,500 to N3,500 per bag, with take-off date for the new rate from October 2nd, 2023.
We Reduced Our Cement X- Factory Price To N3500, But Other Players Took Advantage Of Our Gesture’ -BUA Group
Kabir Rabiu, while reacting to the question on if ‘the BUA Cement price bonanza was actually delivered or not’ in ARISE News segment of the ‘MACRO ECONOMICS OF CEMENT PRICES’, within the wider state of the economy, said the price reduction was carried out from October 2nd, 2023 in line with the commitment of Alhaji Abdul-Samad Rabiu, Chairman of the BUA Group to ensure the accessibility and affordability of the product for Nigerians.
According to him, “Federal Government can only do so much, but without the support of the other producers and middlemen being called to order, the average Nigeria will suffer”.
He said: “BUA cement price reduction actually did happened. Our chairman made the commitment, and we actually fulfilled the commitment by running it for five months.
“We reduced our cement across our plant to N3500, but that was actually x-factory price.
“But, as you know industries such as cement in Nigeria, when we do this kind of commitment, we were expecting other players to come along because if you look at the industry where we are operating our market share of 30 -32% and for us to make this gestures, other players were not doing it, and turn out to be very difficult for it to be fully implemented.
“And so, we ran the programme for almost five months, and because other players did not follow suit the distributors and the middleman began to take advantage of our gesture.
So, what happened was that even though we were selling the cement at N3500 in order to support the economy and the users, there was no direct benefits at least to the end users because other players were selling at previous higher prices.
And with that it turn out to be increasingly difficult for us to continue, and whilst we were doing that the cost began to go up, and we were forced to change our position a little bit.
And while we were doing that we also discovered that some of our plants had some issues and that reduced production.
“We do not know whether it was by choice or it was a sort of maintenance, and so that put an enormous pressureon our cement supplies to meet the increasing demand and therefore, even widen the gap between what we were selling in the market xfactory and what the market was”.
It would be recall that Rabiu, Chairman of BUA Group, in conversation with State House Correspondents following a visit to President Bola Tinubu in Lagos last year, stressed that despite various challenges, BUA is determined to ensure the accessibility and affordability of the product for customers.
He said: “You know the price that we have set will be N3,500 per bag. You know x factory of course plus VAT and then delivered to customers depending on the region,”
As you know, the factories that we have; one is in Edo, the other one is in Sokoto state. So for example, if you want us to deliver cement to you from Sokoto say to Lagos from Adamawa or to Maiduguri, the distance is quite far. So dependent on the distance and dependent on the location. You know the price changes but we intend to keep that promise”
According to him, the cement company site in Sokoto that would be inaugurated by January 2024 is expected to further expand the market across the country.
“We anticipate a combined annual production volume of about six million tonnes from these sites, which we expect to significantly impact the market. While facing some challenges, we are actively working to address and resolve them,” Rabiu stated
@Daily independent

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