Business
RESURGENCE OF WASTE ‘LL SOON BE OVER – AMBODE
Published
7 years agoon
…Seeks Support Of Residents To Deliver Clean, Hygienic City
…Inaugurates New Board Of Environmental Sanitation Corps
Lagos State Governor, Mr Akinwunmi Ambode on Saturday allayed the fears of residents over the resurgence of waste on major highways and streets, assuring that the State Government is on top of the situation and working round the clock to make it a thing of the past.
Speaking at Lagos House in Alausa, Ikeja after inaugurating new board of the Lagos State Environmental Sanitation Corps (LAGESC) now to be headed by a retired Assistant Commissioner of Police as Corps Marshal, Daniel Isiofia, Governor Ambode said the new waste management policy of government encapsulated in the Cleaner Lagos Initiative (CLI) was designed to holistically address the challenges in the sector, and that all hands were already on deck to confront the initial hitches with the transition period.
He said adequate officials of LAGESC transformed from the former Kick Against Indiscipline (KAI), have been employed to police all nooks and crannies of the State to curb indiscriminate dumping of waste and other acts inimical to clean, hygienic and sustainable environment.
Governor Ambode, who was represented at the inauguration by his Special Adviser on Education, Mr Obafela Bank-Olemoh, said concerted efforts were ongoing to clear the heaps of refuse across the metropolis, and assured that there would be marked improvement in coming days.
He said: “We are all living witnesses to the restructuring we are trying to do in the environmental sector. That restructuring culminated in the introduction of CLI which is focused at ensuring that the way we clean Lagos is comparable to what is being done in first class cities in the world.
“As a result, we are changing the way environment in Lagos is being managed and to help us to achieve that, this Sanitation Corp is important. But more importantly now is to speak to the fact that yes, we are having some challenges in the area of waste management in Lagos today. We all live in Lagos but I want to reaffirm that we are doing everything to ensure that this becomes a thing of the past.”
The Governor, who recalled similar challenges in the State in 1999 under the administration of Asiwaju Bola Ahmed Tinubu, expressed optimism in the workability of the new initiative, saying that the challenges with the teething stages would soon be over.
“Let me assure the people that in the coming weeks, there will be improvement. We are already witnessing a high-level of improvement; we promise that throughout this week and throughout next week, people will see a marked improvement in our State as more equipment come in to the country and we are able to deploy the equipment accordingly.
“But beyond the fact that we are clearing waste, the CLI is also ensuring that we have landfill sites not dumping sites but landfill sites where the waste we are generating in Lagos can be recycled, re-engineered and also resold so that we can create wealth and a new business for Lagosians to tap into.”
Speaking further, the Governor said: “Another key aspect of the initiative is that it will create jobs. As we speak to you, we have employed over 8500 new street sweepers that are being deployed across the State and the target is 27,500. So, every part of Lagos will have street sweepers that are unique to them and live in their neighborhood. Once again, I want to reassure the people that we are on top of the issues here; we promise that you will see a marked improvement and we are totally committed to that. God helping us, we will deliver one of the cleanest cities in the world,” the Governor said.
Besides, Governor Ambode said the support of residents was key to the success of the new initiative, and urged the people to team up with his administration to achieve the overall objective to deliver a clean, hygienic and sustainable environment.
Also speaking, Commissioner for Health, Dr Jide Idris said the need for the new environmental initiative became imperative owing to the fact that there was need for a review of the old system to tackle emerging challenges.
Idris, who said there was correlation between environment and health, particularly urged LAGESC to efficiently and effectively perform its duty, just as he underscored the need for the people to support government.
“The State Government will do its bit; that is why we are here; that is why everybody is working round the clock to ensure we get things done but the people themselves have a serious role to play in terms of their behavior, personal sanitation, what to do with waste and also the people must understand that whatever disease that befall them is due to their own personal behavior because they need to complement the activities of government.
“All of us have a role to play in keeping Lagos healthy because there is a connection between health, environment and security,” Idris said.
On his part, Isiofia thanked Governor Ambode for the opportunity to serve the people, assuring that his men will hit the ground running in line with the mandate to keep the State clean.
He said though the starting point may be difficult but assured that every efforts would be made to change the face of Lagos for good.
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Sahara weekly online is published by First Sahara weekly international. contact saharaweekly@yahoo.com
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Abdul Samad Rabiu: The Game Changer Transforming Lives Through BUA Group
Published
3 days agoon
January 10, 2025The Master Builder: Abdul Samad Rabiu and the BUA Legacy”
By Femi Oyewale
Arguably, Abdul Samad Rabiu, one of Africa’s leading industrialists and philanthropists, has emerged as a transformative force in Nigeria and beyond. Through the BUA Group, Rabiu has not only revolutionized industries but has also dedicated himself to improving lives and fostering economic growth. This article explores how Abdul Samad Rabiu and his BUA Group are reshaping industries and communities, becoming a beacon of hope and progress.
The Rise of BUA Group: A Visionary’s Journey
Founded in 1988, the BUA Group began as a modest trading company, importing and distributing commodities such as rice, edible oils, and flour. Under Rabiu’s visionary leadership, the company evolved into a diversified conglomerate with operations spanning cement, sugar, real estate, steel, ports, and terminals.
Today, BUA Group stands as one of Africa’s largest and most influential industrial enterprises, directly contributing to the continent’s economic development. With a focus on self-sufficiency and reducing import dependency, Rabiu’s initiatives have helped strengthen Nigeria’s position as a manufacturing hub.
Transforming Industries: BUA’s Impact
1. Cement Industry: Building Nations
BUA Cement has become a cornerstone of Nigeria’s construction and infrastructure sectors. The company’s state-of-the-art plants, strategically located in key regions, have significantly boosted local production capacity, reducing reliance on imports. This industrial expansion has led to job creation and infrastructure development, directly impacting millions of lives.
2. Sugar Refining: Sweetening Local Economies
Through its sugar plantations and refineries, BUA Group has contributed to Nigeria’s self-sufficiency in sugar production. The company’s backward integration program, which includes developing vast sugarcane plantations, has provided jobs for thousands of Nigerians while reducing the country’s sugar import bill.
3. Agriculture: Feeding the Future
Rabiu’s focus on agriculture goes beyond sugar. BUA’s investments in rice milling and other agro-processing industries are addressing food security challenges and empowering smallholder farmers across Nigeria. By leveraging technology and innovation, the company is helping modernize Nigeria’s agricultural landscape.
4. Energy and Infrastructure: Powering Progress
In a nation grappling with energy deficits, BUA Group has invested in power generation to support its operations and contribute to the national grid. The company’s infrastructure projects, including ports and terminals, are enhancing trade efficiency and positioning Nigeria as a key player in global commerce.
The Abdul Samad Rabiu Africa Initiative: Philanthropy at Scale
Rabiu’s commitment to transforming lives extends beyond business. In 2021, he launched the Abdul Samad Rabiu Africa Initiative (ASR Africa) with an initial pledge of $100 million annually for health, education, and social development projects across Africa.
1. Health Sector Interventions
ASR Africa has funded the construction of hospitals, medical research centers, and healthcare facilities in underserved communities. These initiatives aim to improve access to quality healthcare and address systemic challenges in the sector.
2. Education and Capacity Building
Education remains a cornerstone of Rabiu’s philanthropic efforts. From building schools and universities to providing scholarships, ASR Africa is empowering the next generation of leaders and innovators.
3. Social Development
Through strategic partnerships with governments and NGOs, ASR Africa addresses pressing social issues, including poverty alleviation and community development. These projects are designed to create lasting change and promote inclusive growth.
A Legacy of Impact and Inspiration
Abdul Samad Rabiu’s journey from a young entrepreneur to one of Africa’s most influential figures is a testament to his vision, determination, and compassion. Through the BUA Group, he has demonstrated how businesses can drive economic growth while prioritizing social impact.
As he continues to expand his influence, Rabiu’s focus remains steadfast: transforming industries, empowering communities, and creating opportunities for millions. His story serves as an inspiration for aspiring entrepreneurs and a reminder of the power of purposeful leadership.
Abdul Samad Rabiu and the BUA Group represent a transformative force in Africa’s economic and social landscape. By prioritizing sustainability, innovation, and philanthropy, Rabiu is not just changing industries but also improving lives. His work underscores the importance of aligning business success with societal progress, making him a true game changer in every sense of the word.
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Business
CEMENTING THE FUTURE: HOW BUA AND EDO STATE BUILT A PARTNERSHIP THAT’S TRANSFORMING LIVES By Jerry Wright-Ukwu
Published
3 days agoon
January 10, 2025FROM DUST TO DEVELOPMENT: HOW BUA CEMENT IS BUILDING A NEW ERA IN PARTNERSHIP WITH EDO STATE
~ Jerry Wright-Ukwu
In the quiet, lush landscapes of Okpella, Edo State, a visible transformation is underway. Once a sleepy community, it has become a bustling centre of industrial activity, with BUA Cement Plants at its heart. This is not just a story of cement production; it is a saga of growth, resilience, and an enduring partnership between BUA Cement PLC and the resilient people of Edo State.
It all began in 2008, when BUA Group, under the leadership of Abdul Samad Rabiu, acquired the struggling Edo Cement Company during Nigeria’s Federal Government-led divestment and privatisation exercise. The Edo Cement plant was barely functional, with antiquated equipment and limited output.
BUA Cement’s journey began in 2008 when the BUA Group acquired the struggling Edo Cement Company. At the time, the plant was operating well below capacity, saddled with outdated equipment, limited output, and inefficiencies. For many, it was a symbol of lost potential. But for Rabiu, it was an opportunity to redefine what was possible for Edo State’s industrial landscape – a chance to turn it into a powerhouse. By 2015, after investing over $1 billion, the first line of the Obu Cement Plant was operational, and it quickly became one of Africa’s most advanced cement facilities.
Since then, the company’s financial fortunes have mirrored its operational growth. In 2019, BUA Cement consolidated its operations by merging its subsidiaries, including the Cement Company of Northern Nigeria (CCNN) and Obu Cement Company. The merger streamlined operations and positioned BUA Cement as Nigeria’s second-largest cement producer, with a market share rivalling industry leader Dangote Cement.
The next milestone came in January 2020 when BUA Cement was listed on the Nigerian Exchange Group (NGX). With an initial market capitalisation of ₦1.18 trillion, it instantly became one of the most valuable companies on the exchange. The listing unlocked access to capital markets, enabling BUA Cement to fund expansions and further strengthen its balance sheet.
Today, BUA Cement’s financial performance is nothing short of stellar. Despite challenges in Nigeria’s broader economic landscape, the company has consistently delivered strong revenue growth and profitability. In the most recent fiscal year, BUA Cement reported revenues exceeding ₦300 billion, driven by increased production capacity and robust demand for cement in Nigeria’s booming construction sector.
While BUA Cement’s financial success is impressive, its contributions to Edo State’s economy go far beyond corporate earnings. The company is one of the state’s largest taxpayers, significantly contributing to Edo’s internally generated revenue (IGR).
Challenges, Settlements, and a Renewed Partnership
Despite its success, BUA Cement’s journey in Edo State hasn’t been without challenges. Disputes over ownership, royalties, and mining leases led to legal battles that threatened to overshadow the company’s contributions. These disputes culminated in the 2019 Terms of Settlement, a landmark agreement that resolved all outstanding issues and paved the way for collaboration.
Under the settlement, BUA Cement agreed to pay ₦5 billion in total, including an upfront payment of ₦2 billion and six monthly instalments of ₦500 million. The company also purchased the remaining shares in Edo Cement from minority stakeholders, consolidating its ownership.
“This settlement wasn’t just about resolving disputes,” says a senior government official. “It was about setting the stage for growth for BUA, Edo State, and our people.”
For years, legal battles cast a shadow over what was otherwise a story of progress. The 2019 Terms of Settlement with the Edo State Government, entered into judgment by the courts, ended years of litigation and legal battles. These payments were not merely obligations; they became the foundation for renewed trust and collaboration. The settlement not only resolved the disputes but also bolstered the state’s fiscal capacity, enabling investments in infrastructure, healthcare, and education, thereby benefiting the community at large.
Building Communities, Not Just Cement Plant
But BUA Cement’s impact goes far beyond the balance sheet. For the people of Okpella and Edo State, it has meant jobs, empowerment, and a sense of belonging. Currently, over 2,000 people are directly employed by the company, with thousands more benefiting indirectly. Women like Efe, who lives in the state capital, Benin, and now runs a thriving cleaning services business, speak of opportunities that were once unimaginable. Thanks to the bustling activity around the plant, farmers like Azeez now have a reliable market for their goods. These are just some of the stories of transformation driven by BUA Cement’s presence.
“BUA is not just a company,” says a community leader in Okpella. “It’s a partner in our growth. We have a community development agreement with them which they faithfully keep to”
BUA’s Corporate Social Responsibility (CSR) efforts have also transformed the community. Roads that were once impassable now connect villages and markets. Schools have been renovated, scholarships awarded, and health centers established. Clean water, once a luxury, now flows in homes across Okpella. Additionally, BUA Cement has initiated programs to support local entrepreneurs, promote education, and improve healthcare facilities in the region.
“We don’t just produce cement here,” says a senior executive at BUA Cement. “We build communities.”
The Future of BUA Cement in Edo State
However, beyond production targets and financial milestones, BUA Cement envisions its role as a partner in Edo State’s progress, reaffirming its commitment to the state. “We’re not just here to do business,” says a senior executive at BUA Cement. “We’re here to build a future—one where Edo State thrives alongside us, a future that we are committed to shaping and nurturing.”
As Nigeria’s infrastructure needs to grow, so does the role of BUA Cement. Plans are already underway to expand production capacity to 20 million metric tonnes per annum by 2027, a move that will create even more jobs and economic opportunities. But expansion isn’t just about scaling up; it’s about doing so responsibly. Environmental sustainability remains a priority, with investments in cleaner energy and advanced technologies to reduce emissions, minimise ecological footprint, and ensure its operations align with global sustainability standards.
“We see Edo State as a partner, not just a location for our business,” the executive adds. “Our investment here is long-term. We want to grow together, to ensure that our success translates to prosperity for everyone—government, communities, and businesses alike.”
For residents of Okpella and beyond, BUA Cement is more than a corporate giant; it’s a neighbour, a partner, and a symbol of what is possible when business and community grow together. With its strong financial foundation, unwavering commitment to development, and vision for the future, BUA Cement is not just producing cement—it’s building the foundations of prosperity in Edo State.
For the Edo State Government, the relationship with BUA Cement represents a model for how public and private sectors can collaborate for mutual benefit. While the challenges of the past cannot be forgotten, they serve as a reminder of what can be achieved when both sides commit to a shared vision.
As Okpella continues to grow, the story of BUA Cement is a powerful example of what is possible when vision meets partnership. It’s not just about the cement; it’s about building a future where industry and community thrive side by side. For the people of Edo State, BUA Cement is more than a business—it’s a beacon of what progress can look like, and as the company looks to the future, one thing is clear: its commitment to Edo State remains unshaken. Together, they will continue to write a story of resilience, growth, and shared success.
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Bank
Fidelity Bank Supports Improved Maternal Health in Lagos
Published
3 days agoon
January 9, 2025Fidelity Bank Supports Improved Maternal Health in Lagos
Leading Financial Institution, Fidelity Bank Plc, has donated maternity kits to 30 pregnant women at Mushin Primary Health Centre (PHC), Lagos.
The donation, organized by the Great Minds Inductees Class, was made possible through the Fidelity Helping Hands Program (FHHP), a Corporate Social Responsibility (CSR) initiative by Fidelity Bank Plc aimed at promoting staff involvement in community development.
Through the FHHP, staff across the bank’s business locations identify projects that benefit their immediate community and gather funds to implement them. The bank’s management then matches this contribution with an equivalent amount and allocates it for the chosen projects.
Speaking at the handing over ceremony, the Divisional Head, Brand and Communications Division, Fidelity Bank Plc, Dr Meksley Nwagboh, noted that, “The project was borne out of the need to support pregnant women by providing them with essential materials for a safe delivery.”
Nwagboh noted that, “Maternal mortality remains a significant public health challenge in Nigeria, with the country accounting for a substantial proportion of global maternal deaths. In fact, a 2023 United Nations report indicate that nearly 28.5% of global maternal deaths occur in Nigeria. This is an alarming statistic and as a bank given to improving the welfare of our host communities, we deemed it fit to support initiatives to address this challenge in the Mushin community with this donation.”
Appreciating the bank’s gesture, the Medical and Health Officer for Mushin Local Government Area, Dr. Kayode Odufuwa, noted that, “This intervention by Fidelity Bank will help reduce maternal mortality and encourage more women from less-privileged backgrounds to register for antenatal care.”
“On behalf of the Chairman of Mushin LGA, Mr. Emmanuel Bamgboye, we want to express our heartfelt gratitude to Fidelity Bank for extending its donation of maternity kits to pregnant women at this center. We appeal for continued collaboration with the Bank to further strengthen healthcare services within the area,” he stated.
On her part, the Apex Nurse and Deputy Director of Nursing Services in Mushin LGA, Mrs. Bolanle Odunlami, poured encomiums on Fidelity Bank for their generosity while noting that, “The donation is a much-needed relief for many mothers who are unable to afford essential delivery kits. Fidelity Bank has truly shown empathy by coming to the aid of our patients, and for that, we are extremely grateful,”.
One of the beneficiaries, Mrs. Mary Olusanya, expressed her heartfelt appreciation for the bank’s support. “I appreciate Fidelity Bank for helping us. Many pregnant women cannot afford these kits, but this donation ensures that we can have safe deliveries and better healthcare,” she said.
Ranked as one of the best banks in Nigeria, Fidelity Bank is a full-fledged customer commercial bank with over 8.3 million customers serviced across its 251 business offices in Nigeria and the United Kingdom, as well as on digital banking channels. The bank has won multiple local and international awards, including the Export Finance Bank of the Year at the 2023 BusinessDay Banks and Other Financial Institutions (BAFI) Awards, the Best Payment Solution Provider Nigeria 2023, and Best SME Bank Nigeria 2022 by the Global Banking and Finance Awards; Best Bank for SMEs in Nigeria by the Euromoney Awards for Excellence 2023; and Best Domestic Private Bank in Nigeria by the Euromoney Global Private Banking Awards 2023.
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