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Sterling Reaffirms Commitment To Agriculture At Fifth ASA

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Sterling Reaffirms Commitment To Agriculture At Fifth ASA

 

 

 

 

 

Chief Executive Officer (CEO) of Sterling Bank Plc, Mr. Abubakar Suleiman has said the bank is ready and willing to invest more in Nigeria’s agricultural sector, having invested more than N100 billion; a figure that represents about 15 percent of the bank’s total loans portfolio.

 

 

 

 

 

 

 

 

The CEO stated this in his closing remarks at the Agriculture Summit Africa (ASA) 2022 with the theme: “Engineering a Trillion Dollar Agricultural Economy,” which held recently both physically and virtually with more than 10,000 attendees from across the world.

 

 

 

Sterling Reaffirms Commitment To Agriculture At Fifth ASA

 

 

Agriculture is one of the five sectors of the economy that the bank has focused its investments since 2018 as part of her HEART of Sterling strategy. The others are health, education, transportation, and renewable energy.

Suleiman observed that apart from the Bank of Agriculture, he could not think of any other financial institution that has committed its resources to agricultural financing like Sterling Bank

“When we started the journey about five years ago, we were very clear in our minds that we did not just want to make it a talk show and we have been changing the focus of the conversation from moving away from identifying problems to providing solutions and now we are bringing stakeholders together in a bid to effectively move the conversation forward with action.

“We started it because we wanted to focus on agricultural financing where there was a significant gap. Every time we meet a stakeholder or a regulator, we noticed a different perspective of what the problem was and therefore it became clear to us that if we do not bring all the stakeholders together to harmonise their views and understanding, we will continue to remain in the dark,” he said.

The CEO noted that the summit became imperative as part of the global conversation on food security due to the consequences of global trade which was so obvious during the COVID-19 pandemic when there was a global disruption in the supply chain.

“So, this conversation about food security in Africa is one that we will continue to sponsor because of its existential purpose which is about leveraging our competitive advantage,” he said.

The Agriculture Summit Africa (ASA) is one of the continent’s leading, privately funded platforms dedicated to increasing the value of the agribusiness value chain by creating a convergence of private and public sector interests, development finance institutions, agribusiness investors and players.

This year’s edition, proudly supported by esteemed partners such as Leadway Assurance, Thrive Agric, GIZ, Nestle Nigeria PLC, Stears Data, GIZ, Noor Takaful, and 2Scale, amongst others, featured four panels over two days of deliberations, with discussions on solving the challenge of import substitution for large scale manufacturers by facilitating the sourcing of key inputs locally, achieving sustainable productivity at scale; increasing the adoption of technology to improve output as well as discussions on a framework to standardize agro-commodities trade and exchange to increase the value created in the sector and open up new investment opportunities.

The two-day event also featured key stakeholders and players from the agribusiness value chain such as Yemisi Iranloye of Psaltry International, Ayo Arikawe from Thrive Agric, Adetola Adegbayi of Leadway Assurance, Mira Mehta of Tomato Jos, Elenwor Ihua of the Nigerian Commodities Exchange, Femi Aiki of Foodlocker, Akin Akeredolu-Ale of the Lagos Commodities and Futures Exchange, Maxwell Olitsa of 2Scale, Sandy Eyal of CropIT, Victoria Madedor of AgroVerified, Taiwo Ayoade of Plantation Industries amongst other experts drawn from a diverse cross-section of the sector.

The Country Manager of Netherlands-based bank, Rabobank, Mr. Kevin Kabatsi, in his keynote address, talked about how the bank is using agriculture exchange to create a digital marketplace in countries where it operates.

In her goodwill message, the Lagos State Commissioner for Agriculture, Ms. Abisola Olusanya, encouraged youths that are seeking greener pastures outside the shores of the country to have a rethink because opportunities abound in the country because of gaps in the agricultural value chain.

She also said Lagos State can only produce 15,000 tonnes of red meat yearly but consumes more than 342,000 tonnes of red meat with transaction value of N350 billion sitting on the table which nobody is picking up.

The ASA, proudly hosted by Sterling Bank, is the largest private sector funded summit on agriculture on the continent, dedicated to discussing and uncovering practical solutions to the region’s unique challenges, facilitating transactions between investors and agric-focused ventures by highlighting opportunities in the sector for the benefit of public and private interests and the nation’s economy.

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Giving.NG Partners Shoprite Nigeria on 40 Days of Giving Campaign

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Giving.NG Partners Shoprite Nigeria on 40 Days of Giving Campaign

Giving.NG Partners Shoprite Nigeria on 40 Days of Giving Campaign

 

 

 

 

Giving.NG is partnering with Shoprite Nigeria on “40 Days of Giving” campaign, aimed at inspiring people and organizations to spread kindness and treat it as an everyday thing, rather than a seasonal activity.

 

 

 

Giving.NG Partners Shoprite Nigeria on 40 Days of Giving Campaign

 

 

 

Giving.NG, Africa’s first and only free crowdfunding platform, has announced that it will begin a campaign in November to assist less privileged Nigerians and honor organizations and people carrying out exceptional, social impact work nationwide.

 

 

 

 

 

 

 

 

The campaign, themed “40 Days of Giving,” is being launched in partnership with Africa’s largest fast-moving consumer goods retailer, Shoprite Nigeria, and is expected to span the Christmas season and into the New Year.

Traditionally, the Christmas season is known to be a season of giving, with statistics showing that most donations are made during this time. Most people use the season to appreciate people who have been there for them all year round or give back to the less privileged. The 40 Days of Giving campaign plans to tap into this existing trend in a way that encourages people to give and creates a chain of giving that goes beyond the festive season.

Speaking about the campaign, Sterling One Foundation’s CEO, Olapeju Ibekwe explained that this was a much-needed campaign considering how tough the year has been, alongside the huge loss by the recent flood crisis in at least 32 states of the country. In her words;
“This campaign is about getting as many people as possible to join us in lending a helping hand to vulnerable Nigerians while supporting those changemakers who have been on the frontlines doing the same all year round. For each day of the campaign, we want to support at least one person, selected through an online nomination with their next meal, resources to restart their small business or just new clothes. We just want to spread kindness to many people daily.”

The 40 Days of Giving campaign is expected to kick off on November 29, 2022, the last Tuesday of November, is recognized globally as Giving Tuesday and runs until January 7, 2023. As part of the campaign, people can donate money to a fundraiser on the Giving.NG platform or items at designated points, including Shoprite stores nationwide.

Commenting on their partnership to execute this, Shoprite Nigeria’s Head of Marketing, Kunle Abiola stated that the campaign is a laudable initiative that has a lot of potentials to bring change into people’s lives. In his remarks, he said;
“Beyond want the items donated can do for the beneficiaries, we are keen on the hope that these acts of kindness can spread among Nigerians. We are giving our shoppers an opportunity to be part of a very noble initiative and we know they will buy into it.”
With this partnership, shoppers can buy items at any Shoprite store across the country and drop them off at designated points in the store from where they will be collected and redistributed to selected NGOs or given out in-store as a paid-forward gesture to other shoppers. Some of the beneficiaries nominated online will also receive shopping vouchers which they can redeem at any Shoprite store closest to them.

Both brands are also hopeful that they can grant as many wishes as they can from the nominations and requests they will receive, even as they look forward to having Nigerians join them in playing ‘Everyday Santa’ and spreading kindness.

 

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Glo draws new winners in Festival of Joy promo

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Glo draws new winners in Festival of Joy promo

 

Globacom on Monday hosted a draw ceremony to pick a new set of winners in the ongoing Festival of Joy promotion in the Lagos area.

 

 

Glo draws new winners in Festival of Joy promo

 

 

 

 

The draw event, held at Gloworld on Adeola Odeku Street, Victoria Island, Lagos, had as witnesses media houses, Glo subscribers, and the Head of Legal Services of the National Lottery Regulatory Commission (NLRC), Gloria Ireka.

 

 

 

 

 

 

 

The lucky subscribers include the winner of a brand new Kia car and winners of sewing machines, generators, and rechargeable fans. Globacom, in a statement, said the winners who emerged from the draw would receive their prizes at a presentation ceremony to be held at the same Gloworld venue tomorrow, Tuesday, November 29.

 

 

 

 

 

 

Globacom is giving out 20 houses, 24 brand-new cars, 100 generators, 200 sewing machines, and 1,000 rechargeable fans in the Festival of Joy promo.

 

 

 

 

 

 

To participate in the promo, subscribers are required to dial *611# and keep recharging (voice and data during the promo period) in order to be eligible to win the prizes on offer.

“If you would like to be the next winner of a house in the Festival of Joy promo, you are required to make data subscription(s) of at least N20,000 during the promo period, while those who are interested in winning cars should make a monthly recharge of N10,000; N5,000 monthly recharge for power generators, N2,500 monthly recharge for sewing machines and N500 weekly to win rechargeable fans”, Globacom explained.

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Transcorp Hilton Abuja wins Seven Stars Luxury & Lifestyle Award for the 5th time in 7 years

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Transcorp Hilton Abuja wins Seven Stars Luxury & Lifestyle Award for the 5th time in 7 years

Transcorp Hilton Abuja wins Seven Stars Luxury & Lifestyle Award for the 5th time in 7 years

Transcorp Hilton Abuja is Africa’s Best Luxury Business Hotel

Transcorp Hilton Abuja has been named the Best Luxury Business Hotel at the 2022 Seven Stars Luxury & Lifestyle Awards. The hotel, which is the flagship property of leading hospitality brand Transcorp Hotels Plc, had earlier won the award in 2016, 2017, 2018, and 2019.

 

 

Transcorp Hilton Abuja wins Seven Stars Luxury & Lifestyle Award for the 5th time in 7 years

 

 

The Seven Stars Luxury Hospitality and Lifestyle Awards (SSLHLA) is the most exclusive award for the luxury Hospitality and Lifestyle industry. According to organisers, SSLHLA is designed to identify and separate the exceptional from the absolute best.

Mrs. Dupe Olusola Managing Director/CEO Transcorp Hotels Plc, while commenting on the award said, “We are honoured to be recognised as the Best Luxury Business Hotel in Nigeria for the 5th time in seven years.

“We are proud to add this award to many other prestigious awards we have won this year. This achievement is evidence of our success in consistently delivering on our customer promise, as we continue to innovate and provide our guests with unparalleled experiences at all our touch points.”

Transcorp Hilton Abuja recently won 5 major categories of the World Travel Awards, including Africa’s Leading Business Hotel. The hotel also won the World Luxury Hotel and Restaurant Awards, TripAdvisor Travellers’ Choice Award, and Booking.com Traveller Review Award, among other recognition, received this year.

With 667 rooms and suites – including 30 presidential suites – spread over 10 floors, Transcorp Hilton is the choice hotel for heads of state, captains of industries, royalties, and global celebrities. The hotel boasts a choice of 8 restaurants and bars including the 24-hour Piano Lounge, 24 meeting rooms, a Business Center, and a 1200-person capacity Congress Hall. The hotel is also constructing a world-class convention center.

Leisure facilities at the hotel include a 24-hour fitness center, a spa, an outdoor swimming pool, tennis courts, squash courts, as well as volleyball and basketball courts.

Apart from Transcorp Hilton Abuja, Transcorp Hotels Plc also owns Transcorp Hotels Calabar, and Aura by Transcorp Hotels, an online platform for booking homes, hotels, and experiences. Transcorp Hotels is also working on a new property in Lagos, as it continues to expand in line with its vision of becoming Africa’s leading hospitality brand.

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