Business
Food Security: Dangote Cement Ibese Donates Agric Inputs To Host Communities
Determined to boost food production and enhance socio-economic development of its host communities, Dangote Cement, Ibese Plant has donated agricultural supplies to local farmers.
It was gathered that the initiative formed part of the company’s broader empowerment programme designed to ensure food security for the people.
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In what has become an annual programme, 60 farmers from the 17 host communities of the Cement Plant received fertilizers, herbicides, and knapsack sprayers to aid them in the upcoming farming season.
During the presentation event at Ibese, the farmers also received training on “Integrated Pest Management and Crop Protection,” which covered the application of the donated inputs as well as general pest management and crop protection techniques.
Director of the Ibese Plant, Roy Uttam, explained that this donation is part of Dangote Cement’s Social Investment drive, which focuses on four key areas: Education, Health, Empowerment, and Infrastructure.
He emphasised that the company’s community investments and their positive impacts on local residents demonstrate Dangote Cement’s commitment to adding social value to its host communities.
Uttam said, “Today, sixty farmers across our 17 host communities are being trained on the theme ‘Integrated Pest Management and Crop Protection’ and each will go home with 2 bags each of 50KG NPK 15:15:15 and Urea Fertilizers, 3 litres of Force Up Herbicide and 15 litre capacity Knapsack Sprayer.”
According to him, the gesture aimed to enhance the productivity of the participating farmers, strengthen food security, and boost revenue across the agricultural value chain in the host communities. “It is our hope that this intervention will positively impact the production of garri, fufu and kokoro, which are the major foods in the host communities.”
Uttam noted that climate change and extreme weather conditions have significantly impacted crop production and agricultural pests. He highlighted that inconsistent rainfall this year has negatively affected farmers’ productivity in the first planting season. Experts predict that these challenges may continue to impact food harvests in 2024 and beyond.
“Today’s gathering is twofold, because apart from the distribution of farm inputs, we have also engaged the services of an agricultural experts who will equip the farmers with information on best practices to remain resilient even in these times of uncertain climate trajectory,” Uttam noted.
Recalling past support initiatives, Uttam revealed that since the start of the Community Development Agreement (CDA) in 2022, 180 farmers from the Ibese Plant’s host communities have received training, farm inputs, and tools. These efforts have had a significant impact on the local economy. He assured that the Cement Company is committed to continuing its support for farmers across the host communities.
Uttam emphasised that the distribution of farm inputs underscores the strong relationship between the Plant and the host communities.
He noted that such empowerment programs can only thrive in a peaceful and stable business environment.
“We do not take the support of our stakeholders, both young and old, for granted and as committed in the CDA, we will continue to strive to complement the effort of the Government towards the socio-economic development of the local communities,” he added.
The Plant Director acknowledged the crucial role farmers play in sustaining every community, emphasising that their daily efforts in tilling the land to ensure food availability are essential to human existence.
To maximize the positive impact of Dangote Cement’s contributions to enhancing farmers’ productivity, he urged the beneficiaries to utilize the provided resources to expand their farms. He encouraged them to elevate their communities to become the leading food producers of Yewa and Ewekoro, and to contribute to Ogun State’s overall agricultural success.
“I also implore you to also continue to get updated with new developments in the agriculture space and as much as possible, embrace the use of technology to remain competitive in this rapidly changing world. At Dangote Cement, Ibese, we assure you of our unflinching commitment to complementing the Government’s effort through value adding initiatives geared towards the overall development of the Community on a continuous basis,” Uttam concluded.
In his remarks, Chairman of the Communities’ Representatives, Dayo Ogunyinka, expressed gratitude to Dangote Cement’s management for the intervention. He highlighted that the farmers’ empowerment comes at a critical time, as nearly 80 percent of the incomes in these communities are spent on food. Ogunyinka noted that the donated implements would greatly assist the farmers in achieving better yields and bumper harvests. He urged the farmers to take the training seriously, as it would provide essential guidance on the proper use of the donated items.
On behalf of the beneficiaries, farmer Waheed Orisatola from the Abule-Oke host community assured that the farmers would honour Dangote Cement’s support and use the implements as intended.
Business
CSOs Urge Further Reduction Of Pump Prices Of Petrol
Following the marginal reduction of the pump prices of premium motor spirit (PMS) by the Dangote Petroleum Refinery and the Nigerian National Petrol Company Limited (NNPC Ltd), civil society groups have reacted by calling for further downward review.
Recall that the Dangote Petroleum Refinery had announced a partnership with MRS Oil and Gas to offer petrol at N935 per litre at retail outlets, while it reviewed the ex-depot price from N970 to N899.50 per litre.
The move, saw state oil major, the Nigeria National Petroleum Company peg its retail prices at N965/litre.
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However, the civil society groups are of the opinion that the price reduction, fall short of expectations.
According to the Chairman, Centre for Accountability and Open Leadership, Debo Adeniran, the reduced price of N935/litre was still expensive and unsatisfactory.
He pointed out that petrol was just one of the products coming out of crude and that both government and private business could still give out free petrol to citizens while making huge profits from the other products.
In his words, “Well, we believe that if NNPC and the private sector actually give out PMS for free, they will still not run their business at a loss, because the other derivatives of petroleum products can still serve them, and can still make them to break even. So, even at that N900 and something, it’s still expensive.
“Dangote has kind of mooted the idea that it could drop to as low as N650. And if he has mulled this, then it means that it is the state, it is the NNPC that will have been the clog in the wheel of such progress. And you know also that we expected that fuel prices, especially PMS prices, will drop below N200 when Dangote was expected to come on stream.
“So, it’s unfortunate that we are still talking about over N900 and they want us to jump up and rejoice for that. That is not satisfactory. They should just let us see the breakdown of their production cost and why it’s still there. I mean, there are countries like Libya under Gaddafi that gave out PMS for free and they didn’t run anything at any loss. So, I believe that it can still go further down.”
On his part, the Executive Director of the Civil Society Legislative Advocacy Centre, Ibrahim Rafsanjani, commended the reduction of fuel prices by the NNPC and Dangote, but said the government could still reduce the price.
“Dangote’s own is about N899 or something like that. Well first and foremost, we are happy that there is a little reduction in the prices. But also based on analysis and based on facts and evidences, we believe that it is possible for the Nigerian government to further reduce the prices.
“Because if a private company can reduce the price and it still makes profit, we wonder why government-owned enterprises cannot really pity its citizens,” he said.
Business
Non-Oil Sector Fuels Nigeria’s Q3 2024 GDP Growth, Says CBN
The Central Bank of Nigeria (CBN) has announced a significant growth in the country’s economy, with a 3.46% increase in gross domestic product (GDP) in the third quarter of 2024.
This marks the third consecutive quarter of expansion, up from 3.19% in Q2 2024 and 2.54% in Q3 2023.
According to the newly published Q3 economic report, Nigeria’s GDP output rose to ₦20.115 trillion, reflecting a notable improvement from ₦18.285 trillion in the previous quarter.
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The CBN attributed this growth primarily to the performance of the non-oil sector, which grew by 3.37% compared to 2.80% in Q2 2024.
The report highlighted transportation, crop production, and other sub-sectors such as financial & insurance services, information & communication, trade, and real estate as major contributors to the expansion.
The non-oil sector accounted for 3.18 percentage points of the total growth rate.
“The expansion of the non-oil sector was driven by the performance of the financial & insurance, information & communication, crop production, trade, transportation & storage, and real estate sub-sectors,” the report stated.
Despite the economic growth, challenges persist. Inflation, particularly in food prices, remains a significant concern, standing at 39.93% as of November 2024.
Rising food and energy costs have also impacted transportation expenses, with intercity bus fares increasing by 20.23% year-on-year to ₦7,117.17 in July 2024, according to the National Bureau of Statistics.
Furthermore, the cost of petroleum, now exceeding ₦1,000 per litre, has driven up logistics and transportation expenses, adding pressure to households and businesses alike.
The CBN acknowledged these challenges, noting that the growth was achieved despite headwinds such as high inflation and rising operational costs.
Enhanced security measures in the Niger Delta have boosted domestic crude oil production, while restrictive monetary policies have helped moderate inflation in some areas.
“The growth recorded in the country is a result of continued efforts to improve the business environment, streamline cumbersome business processes, and deepen the quality of business infrastructure,” the CBN noted.
However, the report comes amid concerns over businesses exiting Nigeria due to persistent economic challenges.
Business
CSR: Asharami Synergy Donates Furniture To Gaskiya Junior School
Asharami Synergy, a leading downstream energy solutions provider, has demonstrated its commitment to community development and education by donating essential furniture to Gaskiya Junior School in Ijora, Lagos, Nigeria.
Biztellers reports that the social responsibility initiative was executed in collaboration with Sahara Group Foundation – the social impact vehicle of global energy conglomerate, Sahara Group.
It was gathered that the initiative is part of Asharami Synergy’s ongoing efforts to support education in communities.
The donation includes classroom desks and chairs for the JSS1 classes.
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CEO of Asharami Synergy, Nomnso Dike, said the project will create a more comfortable and functional learning environment and enhance student performance.
“We are delighted at the opportunity to support the attainment of Sustainable Development Goal (SDG) 4, which focuses on ensuring inclusive and equitable quality education. It has been a privilege to collaborate with the management and students of Gaskiya Junior School to deliver this project, and we look forward to future opportunities to enhance academic performance in this historic institution,” Dike said.
According to him, Asharami Synergy’s education-focused social impact initiatives have benefitted over 10,000 individuals. They focus on building capacity and providing the resources necessary to help students learn and grow sustainably.
“Education is the foundation of a brighter future, and at Asharami Synergy, we believe that every child deserves a learning environment that inspires and empowers them” he noted, adding, “This donation is not just about providing furniture; it’s a reminder to the students that their dreams are valid, and we are committed to helping them achieve their goals.”
Vice Principal Academic of Gaskiya Junior School, Sola Oladokun, commended Asharami Synergy for the donation, noting that it would inspire students to perform better with “increased concentration and fewer distractions”.
“These desks and chairs are a game-changer for our students. It’s heartwarming to see their excitement, and as teachers, we are equally thrilled because this will make teaching and learning more effective. We are incredibly grateful to Asharami Synergy and Sahara Group Foundation for this thoughtful intervention,” she added.
Two representatives of the students, Akin Moses and Chukwudi Gift, at the event said the donation would increase their “desire to dream bigger and concentrate better during lessons”.
Also speaking at the commissioning, COO at Asharami Synergy, Adekanmi Adesola, said, “What started as an opportunity to support the communities that host our operations has now come full circle. This donation directly impacts the lives of these students, and we are proud to bring smiles to the faces of the students and teachers.”