Business
Sustainability: Dangote Cement Commits To Carbon Emission Reduction
. . . Feeds Vulnerable Communities, Empowers Children, Widows
As part of activities marking the 2024 Global Sustainability Week, leading Cement manufacturer, Dangote Cement Plc unveiled skills acquisition and educational empowerment initiatives during an outreach to vulnerable and deprived in communities across its business operations.
This is just as the President/Chief Executive of Dangote Group, Aliko Dangote assured all stakeholders that all his Business Units are committed to optimising their operations to contribute to the attainment of net zero within the global stipulated timeframe.
The reach out initiative, which is one of the hallmarks of the 2024 Dangote Sustainability Week themed “Business Optimisation for Net Zero – The Dangote Journey” saw Dangote Cement identifying the vulnerable groups comprising of children, widows, and the aged.
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About 250 children and 75 households benefitted from the gesture. The initiative, which was being carried out simultaneously in all the business operations of the Company in Nigeria and other locations across Africa, had the Lagos event held at Ikosi-Ketu in Kosofe Local Government Area of Lagos State.
In his remarks to kickstart the group’s Sustainability Week, Dangote said the issue of sustainability is a subject that is important, not just to the Dangote Industries, but for the future of humanity.
According to him, “As one of Africa’s largest conglomerates, Dangote is responsible for leading the way in sustainable business practices. The world is facing an urgent climate crisis, and businesses must be at the forefront of the transition to Greenhouse Gas (GHG) emission reduction and energy efficiency.”
He opined that this year’s theme conveys the company’s support for the United Nations Framework Convention on Climate Change’s goal to stabilise greenhouse gas concentrations in the atmosphere at a level that will curb human-induced interference with the climate system.
“This must happen within a timeframe sufficient to allow ecosystems to adapt naturally to climate change, to ensure that food production is not threatened, and to enable sustainable economic development. At Dangote, we started this journey with a strategic focus on the 7 Dangote Sustainability Pillars (cultural, economic, operational, social, environmental, financial, and institutional) which drive how we do business, and named – The Dangote Way,” the foremost industrialist said.
He emphasised that “in our ongoing journey towards Net Zero, we embrace this Week both as an opportunity and a challenge. It requires us to rethink the way we do business, to be willing to take risks, and to collaborate with partners across industries.”
Speaking during the empowerment programme, the Head, Sustainability at Dangote Cement Plc, Dr. Igazeuma Okoroba said the manufacturing giant has been committed to sustainability. She noted that this year’s sustainability afforded the Cement Company another opportunity “to demonstrate our love for humanity by sharing our sustainability message and showing support to the residents of our host communities.”
Represented by the Sustainability Manager, Dangote Cement, Dr. Oyelola Oyekemi, Igaezuma said, “we all know that the economic situation has contributed to an increase in households with limited access to health and sanitation, proper nutrition, education, and a safe living environment. For this year’s Sustainability Week, Dangote Cement recognises that families and children living in squatter settlements often endure hardship. The growing population of our society has also contributed to the development to the scarcity of jobs, affecting many households as well.
“While some of you work as small business owners and others are in between jobs and many do not even have the skill to help them get the jobs, these challenges limit not just adults but also children’s potentials to become responsible citizens who will transform Nigeria tomorrow,” Okoroba added.
She noted that “for this reason, Dangote Cement implements this charity outreach to support a more sustainable society. We believe your dreams and aspirations for improved health and sanitation, good nutrition, education, and clothing will come true if the private sector supports the government’s efforts. Our visit today is not only to give donations, but it also aims to pave the way for long-term developmental impacts, contributing to the UN Sustainable Goals. And the goals are, Goal 1, No Poverty, Goal 2, Zero Hunger, and Goal 11, Sustainable Cities and Communities.” According to her, contribution to these goals will create a more stable and nurturing environment that promotes family welfare and sustainable communities.
The chairman of Omojuwa Estate Community Development Association (CDA), Kinyomi Olaniewaja described the programme as timely and would benefit the community considering the present economic hardship in the country. He commended Dangote Cement for the good gesture, emphasising that it was the first time such humanitarian programme would be brought to the community.
Also in his remarks, the Grand Patron of Isokan Ifesowapo CDA, Mamuda Ibrahim showered encomium of the management of Dangote Cement for the initiatives designed to bring succour to the vulnerable ones. He then called on other organisations to emulate Dangote Cement and reach out to the less-privileged especially on special occasions such as the Sustainability Week celebrations.
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.
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.”
The Nigerian Content Development and Monitoring Board (NCDMB) has held the 8th Award and Prize-giving Ceremony of its Annual National Undergraduate Essay Competition 2024.
At the event, on Monday in Yenagoa, the NCDMB reiterated the objectives that underlie its signature events, such as competitive essaying and its twin programme the Science Quiz Competition for High School students.
In a keynote address at the occasion, the Executive Secretary of the Board, Engr. Felix Omatsola Ogbe, described the Essay Competition as “one of NCDMB’s multiple interventions to lift the standard of education in Nigeria” and “to promote proficiency in writing, awareness of local content and its benefit to the national economy, and to engender citizen engagement from undergraduate level.”
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According to him, the sponsorship of the competition is in line with the Board’s mandate, which is capacity-building and local content development, and that the NCDMB understood “the need to inculcate Local Content consciousness among undergraduates in our higher institutions, to make them understand that Local Content is an economic imperative for sustainable development of our local economy, creation of job opportunities and national security.”
The NCDMB boss expressed the hope that the programme would continue to generate interest and awareness about the critical importance of the Nigerian Content law and philosophy in the oil and gas sector as a national economic agenda for job creation, poverty reduction, industrial development and inclusive economic growth.
He reiterated the Board’s commitment to capacity development of Nigerians and development of opportunities for local communities as demonstrated through the Board’s recently launched “Back-to-the-Creeks Initiative.”
The Initiative seeks to broaden the contributions of the oil and gas industry to host communities through enhanced funding for local contractors, support for basic education, and training of youths in relevant industry skills.
In regard to the topic of this year’s essay competition, “Nigerian Content and Opportunities in African Local Content Advancement,” the Executive Secretary said it was well-conceived, considering that most African countries are understudying Nigeria in the implementation of Local Content.
Engr. Ogbe also expressed satisfaction with the transparent process in selecting the winners, stating that “the renowned professors who dedicated their time and intellect to this competition” lived up to the billing.
According to him, “We have built a strong and reputable brand and every project we get involved in must be excellent, professional and world-class.”
Earlier in a welcome address, the Chief Executive Officer of Mahogany 21st Century Concepts Limited, Mr. Eyinimi Omorozi, described the Annual Undergraduate Essay Competition as “a competitive elite programme” designed “to promote academic excellence and to raise awareness about Nigerian Content.”
He expressed appreciation to the Executive Secretary of the NCDMB, Engr. Ogbe, for ensuring sustenance of the programme for eight consecutive years.
In her own opening speech, the Chairperson of the occasion, Dr. (Mrs.) Alice Atuwo, represented by Mrs. A. Tawari, of the Bayelsa Education Trust Fund, commended the top ten finalists for their personal qualities that brought them thus far in the competition.
She urged undergraduate students to be focused on their studies and to guard against distractions that could be destructive.
The winner of the 2024 edition of the Essay Competition was a 16-year-old 200-Level student of the Federal University of Technology, Akure, Mr. Ojedele Jesuferanmi Emmanuel. He received a top-of-the-range HP laptop, a glass plaque, and a cash prize of N1 million.
The first runner-up was 23-year-old Miracle Chibuike Okoli. He received the same grade of HP laptop, a plaque and a sum of N700,000.
The second runner-up, 19-year-old Mary Okogbe, received N500,000, in addition to an HP laptop and a plaque.
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