society
Promasidor Signs Pact with Ekiti State on Ikun Dairy Farm
…Gears Effort towards Backward Integration
Promasidor Nigeria Limited has signed a partnership agreement with Ekiti State Government to drive its backward integration initiative aimed at creating local source of raw materials for its dairy products through the state owned Ikun Dairy Farm.
The pact was sealed on behalf of the partners by the Ekiti State Governor, Dr. John Kayode Fayemi and the Managing Director of Promasidor Nigeria Limited, Anders Einarsson in Abuja, on Tuesday, July 23, 2019.
This project will enable Promasidor utilise the potentials of Ikun Dairy Farm in the making of milk and other products of nutritional value which helps to enhance human growth.
Commenting on the agreement, Fayemi stated that Ekiti State was delighted to collaborate with a major player in the fast-moving consumer goods sector that is deeply committed to the wellbeing of consumers through its array of quality products.
The Governor affirmed that the partnership would enhance the backward integration initiative of Promasidor, in compliance with Federal Government’s directives that companies should seek local source of raw materials for their products, thus ensuring local content development.
Fayemi disclosed that Ikun Dairy Farm, established in 1980 with hundreds of fattened cows, could serve as a source of milk supply to produce evaporated milk and other nutritional products, create more employment opportunities and increased nutritional products.
In his remark, the Managing Director of Promasidor Nigeria Limited, Anders Einarsson, who was highly elated with the progress made on backward integration, said Ikun Dairy Farm would in no small measure provide opportunities to enhance local milk production, an exciting opportunity for the company.
He affirmed that as the maker of quality products such as Cowbell Milk, Loya Milk, Cowbell Chocolate, Miksi, Top Tea, Onga food seasoning, Sunvita Cereals, and others, local source of milk collection is paramount to ease less dependence on foreign raw materials.
The Promasidor boss corroborated Fayemi’s view that the partnership would also lead to further employment and other viable source of livelihood for people in the state.
He explained that Promasidor’s backward integration initiative would give the company an edge over others in the dairy market with the potentials of the farm.
Ikun Dairy Farm spans across 1,000 hectares of land area. Located in Ikun-Ekiti, in Moba Local Government Area, the farm was established in the early 1980s as an integrated agro-allied farm to boost the economy of the State.
Appeal Court Removes MC Oluomo, Reinstate Baruwa
The Appeal Court in Abuja has announced Alhaji Tajudeen Ibikunle Baruwa as the lawful President of the National Union of Road Transport Workers (NURTW).
It can be recalled that Musiliu Ayinde Akinsanya, popularly known as MC Oluomo, was days ago inaugurated as NURTW president.
The recent decision came after the court reviewed and upheld an earlier ruling by the National Industrial Court.
The initial judgment, delivered on March 11, 2024, recognized Baruwa as the rightful president of the union. However, an appeal was filed by Alhaji Najeem Usman Yasin, Alhaji Tajudeen Agbede, and their supporters. They argued against the Industrial Court’s decision but were unsuccessful in convincing the appellate court.
A three-member panel of justices, Hamma Akawu Barka, Nnamdi Dimgba, and Asmau Ojuolape Akanbi, ruled that the appeal lacked merit. The court declared Baruwa as the elected leader of NURTW and dismissed the challenge brought forward by MC Oluomo’s faction.
In addition to confirming Baruwa’s position, the Appeal Court ordered the appellants, who are supporters of MC Oluomo, to pay N100,000 as damages to the respondents.
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