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Residents of Ibeju Lekki Applaud Dangote Refinery CSR activities

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Dangote reacts to EFCC’s visit to its Headquarters

Residents of Ibeju Lekki Applaud Dangote Refinery CSR activities

The Committee of Baales and some residents of Ibeju Lekki, Lagos have showered encomium on the Management of Dangote Refinery, on its social responsibility initiatives.

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They expressed appreciation to the company for providing vital infrastructure for their communities, repairing all the entrance roads of the 15 host communities by grading, sand filling, and applying stone base and now community people are able to access their abode without wading through the waters.

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Residents of Ibeju Lekki Applaud Dangote Refinery CSR activities

In a chat with select newsmen yesterday, Baale of Magbon-Segun, High Chief Mufutau Dauda said, Dangote Refinery has demonstrated a high level of social responsibility as it has executed so many tangible projects across all the host communities, even up to Lekki.

 

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According to him: “We are all praying for Aliko Dangote. I even raised a special prayer for him in our community mosque this morning. He has done so well for all our communities. No doubt, he can do more, but for now, he is honestly trying. Our children are being trained inside the refinery site and they already passed the Level 1 and Level 2 examinations for City & Guilds certification in Electrical & Mechanical Engineering and they will be writing the examination for Level 3 certification soon. He also sunk boreholes for all the communities, and even provided generators, to each of the communities. And now, we have been informed the boreholes will be upgraded to solar power. His type is rare for sure.”

 

In a similar vein, the Baale of Okeyanta, High Chief Shakiru Bello, said the scholarship scheme, which was started in 2019 by Dangote has helped parents in the communities. He said: “When they started the scholarship scheme for secondary and tertiary institution students, we thought they wouldn’t be able to sustain it, but they have continued to increase the numbers of beneficiaries every year and this is highly commendable.

Mr. Akinola Yinusa of Okesegun community said his daughter is a beneficiary of the scholarship scheme and apart from the cash award, she is provided all her subject textbooks and academic materials like math set and calculator, and that his younger brother, Kabiru Yinusa, works as a full staff in the Refinery.

 “The benefit of the Refinery is enormous to us in this community. My younger brother works in the refinery as a staff and my third daughter also benefited from the scholarship scheme last year, so I am happy. I know so many families that have been positively affected by the company, so, yes, I am among those praying for Dangote Refinery with my other community people. He also urged Dangote not to relent in its efforts to ensure that more jobs were provided for qualified graduates who are indigenes of the Lekki Free Trade Zone.

In the same vein, Ambali Useni a youth leader, also corroborated what other people have said, concerning the positive impacts of Dangote CSR initiatives and also said and reaffirmed the commitment of all the locals in ensuring that the company operates a rancour-free Plant, as it benefits both the state and the country at large.

According to him: “In this community, We, the youth are peaceful. We are happy with what Dangote Refinery management is doing for us and for our community, though like Oliver Twist, we are asking for more. The unemployment rate would have been very high in this area, if not for the operations of this refinery. Many of the community youths were trained to acquire skills in trades such as carpentry; bricklaying and masonry; plumbing; automobile mechanic; welding and metal fabrication; electrical installation; refrigeration and air conditioning; and generator repair. They were also issued the Trade Tests certificates as well as certificates from the National Directorate of Employment (NDE). Some of these youths now work with Dangote. We are optimistic that we will benefit more as we have all resolved to give the company our maximum support and cooperation.”

The communities in the area include Idasho, Ilekuru, Okeyanta, Magbon-Segun, Okesegun, Itoke, Idotun, Alasia, Okunraiye and Lekki towns, Imobido, Tiye, Mosa, Ilege, and Olomowewe.

Speaking also, High Chief S.A. Adeyemi thanked the management of Dangote Refinery for their unrelenting efforts at impacting their host communities positively describing the social performance profile of the company as very impressive.

He explained that with what Dangote Refinery has been doing for the people, it behooves the community leaders and all the residents to reciprocate and ensure peace reigns for the good of all so that the company can do more.
Much as the people and community leaders are lauding the company for the giant strides in the host communities, Adeyemi said “I am also enjoining them not rest on their oars. As Oliver Twist, we are still asking for more because all these projects can never be too much for the people. He concluded.

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Dangote Group is the elixir of Gateway int’l Trade Fair – OGUNCCIMA

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Dangote Group is the elixir of Gateway int’l Trade Fair – OGUNCCIMA

…Subsidiaries hit Ogun trade fair

 

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Ogun State Chambers of Commerce, Industry, Mines and Agriculture (OGUNCCIMA) has described the Dangote Group as the driving force of the Gateway International Trade Fair.

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This is just as companies under the leading African Indigenous Conglomerate, Dangote Industries Limited, hit the trade fair with their various products as part of strategies to increase market share and deepen customers’ affection.

 

 

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The President of the chamber, Engr. Mike Akingbade, stated this when Ogun state governor, Dapo Abiodun officially opened the 13th edition of the Trade Fair at the M.K.O Abiola Trade Fair Complex, Oke Mosan, Abeokuta

Akingbade lauded the support of Dangote Group in sustaining the Trade Fair, which he noted has led to the prosperity of the state and economic freedom for the people.

“A special commendation must be given to Dangote Industries Limited which has remained the major sponsor of the Gateway International Trade Fair for many years. The committed support of the Dangote Group is the elixir with which the trade fair is activated and OGUNCCINA is eternally grateful for the wonderful gesture of the company,” he said.

He said the 13th Gateway International Trade Fair with the theme: “Achieving Economic Prosperity through Business Connection, Trade and Investment, “is aimed among others, to allow businesses to expand their reach, access new markets, and diversify their customer base. He emphasized that forging robust business connections, participating in trade activities, and making strategic investments will unlock new markets, stimulate economic growth, and enhance overall prosperity.

The Regional Sales Director, Dangote Cement PLC, Lagos/Ogun, Mr Tunde Mabogunje in his goodwill address, assured Ogun state government and OGUNCIMMA of the continuous support of the company, noting that the Group is dedicated to enhancing the prosperity of Nigeria by creating opportunities for Nigerians and businesses in the country.

Mabogunje said visitors to the Dangote Group’s pavilion at the fair will have the opportunity of buying products of these companies at reasonably reduced prices as the Dangote businesses will be selling at discounted prices.

He also hinted that the Dangote Refinery will be part of the next edition of the Trade Fair.

“We want to appreciate Ogun state for bringing us as a partner. We want to assure you that we will be here next year bigger. By next year, our refinery will be part of the Trade Fair,” he said.

Governor Dapo Abiodun who visited the Dangote pavilion immediately after performing the ribbon-cutting ceremony, commended the company and others for supporting the Trade Fair which he noted is aimed at stimulating economic growth.

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Nigeria Launches New Fiscal Incentives to Revitalise Oil & Gas Sector, Aiming to Attract $10 Billion Investment

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Nigeria Launches New Fiscal Incentives to Revitalise Oil & Gas Sector, Aiming to Attract $10 Billion Investment

Nigeria Launches New Fiscal Incentives to Revitalise Oil & Gas Sector, Aiming to Attract $10 Billion Investment

 

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… as FG endorses consolidated guidelines

 

 

 

 

 

 

 

 

 

Sahara Weekly Reports That Today, in a move to further revitalise the oil and gas industry’s contribution to the Nigerian Economy, Wale Edun, OFR, Minister of Finance and Coordinating Minister of the Economy, presided over a signing ceremony at the Federal Ministry of Finance headquarters in Abuja endorsing the Consolidated Guidelines for the implementation of Fiscal Incentives for the Oil & Gas Sector – a cornerstone of the Presidential Directive aimed at enhancing the Nigerian oil & gas sector’s global competitiveness whilst stimulating economic growth.

 

 

 

 

Nigeria Launches New Fiscal Incentives to Revitalise Oil & Gas Sector, Aiming to Attract $10 Billion Investment

 

 

 

 

 

As disclosed during the signing, the Presidential Directives were developed and coordinated by the Special Adviser to the President on Energy, Mrs. Olu Verheijen to ensure a competitive framework for the Nigerian oil & gas industry. These Consolidated guidelines for the fiscal incentives are based on extensive collaboration across Finance and Petroleum Ministries and involved several key regulatory bodies including the Federal Inland Revenue Service (FIRS), the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).

 

According to Mrs. Verheijen, these new measures have been designed to deliver a competitive Internal Rate of Return (IRR) for Oil & Gas Projects and attract over $10 billion in new investments within the next 12-18 months. They also underscore Nigeria’s commitment to reaching its long term oil production target of 4 million barrels per day whilst enhancing the reliability of gas supply for to boost export earnings and fuel Nigeria’s industrialization.

 

Mrs. Verheijen disclosed that among the guidelines signed were the NUPRC Guideline on Hydrocarbon Liquids Content in a Non-Associated Gas (NAG) Field, essential for accurately categorising and quantifying the hydrocarbon liquid content in these fields. Additional guidelines focused on the applicability of tax credits and allowances for Non-Associated Gas Greenfield Development and the Midstream Capital and Gas Utilization Allowance, providing taxpayers with clarity on the computation of these benefits.

 

HM Edun, in his remarks, thanked President Bola Ahmed Tinubu for signing the directive in February 2024 to engender growth in the Nigerian oil and gas sector, which had stagnated for over the last decade. He also emphasised the potential of the guidelines, saying, “The idea is to create an atmosphere conducive to international competitiveness such that investment comes in. And in this case, we know it’s foreign direct investment”.

 

The signing ceremony was attended by various stakeholders, including NNPC Limited, Oil Producers Trade Section (OPTS) and the Independent Petroleum Producers Group (IPPG), further highlighting Nigeria’s unified approach toward reinvigorating its oil and gas sector.

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ASR AFRICA KICKS OFF THE CONSTRUCTION OF A N250 MILLION ABDUL SAMAD RABIU SPORT COMPLEX FOR THE UNIVERSITY OF JOS

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ASR AFRICA KICKS OFF THE CONSTRUCTION OF A N250 MILLION ABDUL SAMAD RABIU SPORT COMPLEX FOR THE UNIVERSITY OF JOS

 

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The Abdul Samad Rabiu Africa Initiative (ASR Africa), the philanthropic initiative of the Chairman of BUA Group, Abdul Samad Rabiu (CFR, CON), has kicked off the construction of the N250 million sport complex for the University of Jos. The sporting facility which is sited at the Naraguta Campus of the university, is set to consolidate the preparedness of the university in hosting the Nigerian Universities Games Association (NUGA).

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The facility will feature a 300-seater spectator stand, changing rooms, a lawn tennis court, and a basketball court.
Speaking at the event, the Vice Chancellor of the University, Prof. Tanko Ishaya, praised the Chairman of ASR Africa, Abdul Samad Rabiu for the critical facility intervention. He mentioned that at the time of the institution’s nomination by ASR Africa for this laudable project, the university management was concerned about sourcing for funds to meet up with its nomination as the host university for the NUGA games. He added that with the ASR Africa TEGS grant, the university is positioned to host more games during the tournament.

 

 

 

 

The Vice Chancellor noted that the university signed a memorandum of understanding with the International Sports University in South Korea to develop a comprehensive sports programme to harness the talents that abound across the country in the various fields of sports and this complex would be a business boost to implement the agreement.

 

 

 

The Managing Director of ASR Africa, Dr. Ubon Udoh, applauded the management of the University of Jos for being an outstanding institution. He added that all of the universities who are beneficiaries of the ASR Africa Tertiary Education Grant Scheme, were selected based on some stringent criteria which include the quality of leadership, the academic excellence at the University, amongst others. Dr Udoh assured the university of the speedy completion of the project ahead of NUGA games and reiterated the commitment of the Chairman of BUA Group and ASR Africa, in supporting the education sector in Nigeria and Africa as a whole by providing indigenous solutions.

 

ASR AFRICA KICKS OFF THE CONSTRUCTION OF A N250 MILLION ABDUL SAMAD RABIU SPORT COMPLEX FOR THE UNIVERSITY OF JOS

About ASR Africa
ASR Africa is the brainchild of African Industrialist, Philanthropist and Chairman of BUA Group, Abdul Samad Rabiu, the Abdul Samad Rabiu Africa Initiative (ASR Africa) was established in 2021 to provide sustainable, impact-based, homegrown solutions to developmental issues affecting Health, Education and Social Development within Africa.

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