Business
Sustainability: DIL Renews Commitment With Natural, Renewable Resources
The Pan-African Conglomerate, Dangote Industries Limited (DIL) has reiterated its commitment to sustainable environment in all the communities where its business units operate by prioritizing the use of natural and renewable resources.
This was revealed in a statement from the corporate communications department of the group on Monday, in Lagos.
According to the statement, the Company assured that as a leading business, it would be educating the Small and Medium Enterprises (SMEs) on driving positive change with a view to fostering more ways of sustainable production and consumption.
Group Managing Director, Dangote Cement Plc, Arvind Pathak made these remarks while speaking during Sustainable Living Fair, a discussion and exhibition programme, in Lagos, as part of activities marking this year’s Sustainability Week themed “Sustainable Production and Consumption – The Dangote Way”.
He pointed out that the Dangote Cement’s Sustainability Week is a yearly tradition of positively impacting our host communities, through employee volunteering, across our Nigerian and Pan African plants, as well as all Dangote business units.
Pathak explained that “the journey to sustainability at Dangote Cement officially commenced in 2017 with the adoption of a Dangote Group wide seven Sustainability Pillars; cultural, economic, operational, social, environmental, financial and institutional, in every aspect of our business operations.”
According to him, since the inauguration of the Dangote Cement Sustainability Week in 2018, employee volunteers have increased by 73 per cent, a testament to our vibrant Sustainability culture. This year, one of the activities earmarked for the commemoration of our sustainability week this year is the flagship Dangote Sustainable Living Fair which is aimed at showcasing the various components of a sustainable lifestyle.
“At the fair, members of our host communities, visitors as well and employees can learn to prioritize the use of natural and renewable resources. Exhibitors are provided with an avenue to exhibit their goods, educate, and proffer, alternatives to consumers thereby creating a win-win situation,” he added.
The Dangote Cement boss also commended the administration of Gov Babajide Sanwo-Olu of Lagos State for its commitment to good governance, which has been demonstrated by the various environmental initiatives embarked upon by the State’s Ministry of Environment and Water Resources.
He urged all stakeholders present to partake in the various educative sessions and activities, patronise the exhibitors, network with other sustainability enthusiasts and transfer the knowledge gained back to your various organisations and homes for implementation.
In his own remark, Head, Learning & Development, Dangote Cement, Nurudeen Yusuf stated that “in a world faced with pressing environmental challenges, it is imperative that we come together to address the urgent need for sustainable production and consumption.”
He said “today, we have a unique opportunity to witness the innovative solutions, groundbreaking technologies, and inspiring initiatives that are paving the way towards a more sustainable and equitable world.
“This exhibition serves as a powerful platform for knowledge exchange, collaboration, and inspiration. Here, we have the privilege of engaging with passionate individuals, organizations, and businesses that are leading the way in sustainable practices.
Lagos State Commissioner for the Environment and Water Resources, Tokunbo Wahab, represented by Deputy Director, Climate Change and Environmental Planning in the ministry Bankole Michael urged the public to be self-discipline in waste disposal, saying that “if we do not dispose our waste properly, it will find its way back into the environment and cause havoc on habitants.”
He pointed out that “if we live in a sustainable manner, we do not have to clear the drainage. Drainage is not a waste receptacle. There are PSP operators as far back as 2003 in Lagos state, whereby the PSP goes to houses to pick the waste but yet some people still dispose their waste in improper places.”
He noted that government spend so much money on cleaning the environment due to the unwholesome practices by some people and that such resources could have been spent on health and education, if the environment is not debased while emphasizing that “all we need to do is to make sure that we all live responsibly and sustainably.”
In a sharp turn of events, the Nigerian Naira took a significant tumble on Tuesday, plunging to N1,416.57 against the US dollar at the official market.
This staggering drop of N62.36 from the previous trading day represents a 4.60 percent loss, sparking concerns among investors and analysts alike.
Data from the FMDQ Exchange, overseeing the Nigerian Autonomous Foreign Exchange Market (NAFEM), revealed this unsettling trend.
Despite the currency’s downward spiral, trading activity surged, with the daily turnover soaring to $160.77 million, compared to Monday’s $84.83 million.
Meanwhile, at the Investor’s and Exporter’s (I&E) window, the Naira’s performance remained volatile, trading between N1,445 and N1,301 against the dollar, underscoring the currency’s precarious position in the market.
The management of Dangote Cement Plc., Ibese Plant has assured that it would continue to complement the efforts of the Ogun State Government in the development of its host communities through capacity building for the people, especially the youths.
In a statement, the company declared its commitment to development for the prosperity of the people and host communities for which it is placing a premium on the developmental needs of the communities and empowerment of their indigenes.
During a capacity development workshop for Host Community Representatives, General Manager, Human Asset Management/Admin, Aina Olugbenga, said, Dangote Cement remained committed to implementing value-adding empowerment programs to uplift the people and develop the host communities.
The workshop themed: “Team Building, Inclusivity and Stewardship, a panacea to effective Community Representatives” according to him, was to equip the Community reps with the right skills to offer quality representation for their people. He stated: this capacity building workshop is aimed at developing and strengthening the skills, instincts, and abilities of the communities through their representatives adapt and thrive in a fast-changing world.
Olugbenga noted that the workshop is part of the management’s strategy to improve relationships with the host communities and urged the participants to leverage the knowledge acquired from the workshop to improve service delivery to their people and the Cement plant.
According to him, Dangote Cement, Ibese Plant is committed to building the capacity of the people and institutions in the communities by identifying skill gaps and partnering to up their skills for economic prosperity. This, he stated, was in anticipation that other stakeholders will continue to play their part by partnering and supporting the Company to ensure peaceful co-existence and shared prosperity for all.
Said he, “Apart from reciprocating the good gesture of Dangote Cement by ensuring peace at all times and keeping an open and trusting mind towards the organization, we also desire from our community leaders and representatives who are present here, the ownership of all Social Investment programme, be it training or infrastructure because they are meant for the betterment of our people.”
On behalf of the Community Representatives, Hon. Dayo Ogunyinka thanked the Dangote Cement management for the workshop while assuring continued commitment to effective, efficient and selfless discharge of their roles and responsibilities to their various communities and the Plant.
The Nigeria Deposit Insurance Corporation (NDIC) has announced revisions to the Maximum Deposit Insurance Coverage for banks operating within the country.
NDIC’s Managing Director, Bello Hassan, disclosed the updated coverage benchmarks during a media briefing in Abuja on Thursday.
The coverage for Deposit Money Banks has been increased from N500,000 to N5 million, for Microfinance Banks from N200,000 to N2 million, for Primary Mortgage Banks from N500,000 to N2 million, and for Mobile Money Operators subscribers’ pass-through from N500,000 to N5 million per subscriber.
Hassan underscored that the objective of the update is to enhance depositor safety, foster public trust, promote the inclusivity of financial services, and ensure the overall stability of the financial sector.
More to follow.. . .. .
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