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2022: Dangote Industries Wins FMDQ Largest Corporate Lodgment Award

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AJAGBE ADEYEMI TESLIM

Sponsored by:H&H

In a blaze of honour, the Pan-African conglomerate, Dangote Industries Limited (DIL) and its Africa’s leading cement manufacturer subsidiary, Dangote Cement Plc were adjudged the Largest Corporate Bond lodgment on FMDQ in gold category and the 2022 Most Trusted Brand of the Year respectively.

On the back of the Largest Corporate Bond lodgment on FMDQ award came another recognition with the Dangote Group named as the Most Outstanding Conglomerate in Environmental Sustainability.

The cement giant came tops in the stock market for its unprecedented N116 billion Series 2 Bond issuance back in May this year.

The FMDQ Gold Awards recognises excellence in Fixed Income, Currencies and Derivatives market.

It also recognises demonstrated resilience and agility of the Nigerian financial markets participants and acknowledges the valuable efforts of the stakeholders and their participation in the FMDQ markets and across the financial market. It is also given to the corporate entity for the highest total bonds value admitted on FMDQ Depository.

During the annual Most Trusted Brand Award, organised by leading research firm Brand Health Ltd, Dangote Cement was chosen as the most trusted cement brand in a survey of 13,000 consumers.

The Chief Executive Officer, Brand Health Ltd, Emman Udowoima commended Dangote Cement for the achievement, describing it as a brand of trust and choice indeed.

According to him “four out of ten consumers who took part in the study voted Dangote Cement as the Most Trusted Cement Brand in Nigeria. The popularity and the confidence in the brand is overwhelming as its closest rival scored just 12% while Dangote scored 41%.”

Other cement brands with substantial mentions scored between 3% and 8%. Some of the elements of the survey include questions like ‘the brand that you feel most confident in, the brand that offers you what you want, the brand that offers highest quality, the brand that is distinctive, and the brand you would recommend to your friends and relatives.

Udowoima stated that about 13,000 respondents participated in the 2022 survey and were interviewed across 12 states in Nigeria including the Federal Capital Territory. The States are: Lagos, Oyo, Enugu, Abia, Akwa Ibom, Rivers, Plateau, Adamawa, Borno, Kaduna and Kano and the respondents were drawn from both urban and rural communities.

The survey, he said, used quantitative method to elicit responses from the consumers, and also focused on such demographics as gender – Male 50%, Female 50%; Social Class: AB 15%, C1 C2 40%, DE 45%; Age: 18-25, 30%, 26-35, 30%, 36-50, 25%, 51+ 15%.

He explained that “The Most Trusted Brands (MTB)” Awards was instituted in 2010 to reward brands that keep promises to the consumers. The award is an enabler for brands to do more for consumers, knowing full well that consumers either reward or punish brands according to their experiences.

The Dangote Industries Limited also received the award of the Most Outstanding Conglomerate in Environmental Sustainability.

The award was given by the Environmental Sustainability Conference, Expo and Awards (ECOSEA) initiated by Brand Communicator, a frontline brands and marketing publication.

Joshua Ajayi, the convener of the conference and awards said, “corporate sustainability practices evolved rapidly in the 

country’s business space, from just being a cosmetic charity activity into organised sustainability needs built into a vision with specific goals.”

The award, which took place during the celebration of the organisation’s World Environment Day recently also gathered the best sustainability players to discuss various issues in sustainability during the conference themed Only One Earth: Building a Safer Environment.

Dangote Industries, a fully diversified conglomerate with annual group turnover of US$4billion has invested heavily in building a sustainable business which cuts across Cement, Sugar, Salt, Petroleum, Fertiliser and food. 

Anthony Chiejina, the Group Chief Branding and Communications Officer at Dangote Industries thanked the organisers, describing the awards as another milestone in the Dangote Group’s business trajectory.

He said it is a testament to the strategic business model being executed by the manufacturing giant, which is aimed at rejuvenating Nigeria’s economy and engendering developmental growth of Africa. 

He expressed the assurance that the Dangote Group would not relent in its commitment to Africa’s development, adding that, “we will continue to impact lives positively through production of goods that meet the peoples’ need.”

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Food Security: NITDA, USAID to Partner in Tackling Food Insecurity

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AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

With over 70 million arable land enough to feed not just Nigeria but Africa, the Director General, National Information Technology Development Agency (NITDA) has said that the Agency is willing to partner with the United States Agency for International Development (USAID) and relevant stakeholders to tackle food insecurity in Nigeria.


The Director General made this known while receiving representatives from USAID led by Josh Woodard Senior Digital Advisor Bureau for Resilience, Environment, and Food Security, at the Agency’s Corporate Headquarters in Abuja.

The purpose of the visit was to have a rapid landscape assessment of digital agriculture in Nigeria and partner with NITDA.


Inuwa said, “One of President Tinubu’s areas of focus is boosting agriculture to achieve food security, and at NITDA we were set up to develop the National IT Policy, and IT policy is not just about developing IT but developing IT to boost productivity across all critical sectors including agriculture.”


“That is why we do a lot of initiatives in trying to see how we can build an agriculture Strategy with IT in mind and make it a more attractive business to the younger generation,” he added.


Inuwa stated that NITDA has identified six emerging technologies, that will aid in achieving food security in Nigeria. He said “We have an Artificial Intelligence (AI) Strategy co-creation workshop going on, which started on Monday, where we are working with the ecosystem to develop a strategy on how to use AI in agriculture, health, education, and so on.


“We are working on how to use the Internet of Things, (IoT) in agriculture for crop monitoring, soil monitoring, precision irrigation, climate monitoring livestock monitoring, and so on.”


“We are working using Unmanned Aerial Vehicles, (UAVs) to facilitate pest detection, water control, yield assessment, and so on.”


We are working on using Blockchain for the traceability of farm produce from farm to store, record keeping, quality assurance, and so on.”


“We are working on using Robotics to enhance productivity in agriculture in terms of automation of physical farm processing like weeding, harvesting, tractors, and many more.”


“For additive manufacturing, we are working on using it to upscale our manufacturing industry in the Agricultural sector for the production of crop and soil monitoring devices, customised equipment, and many more.”


Speaking on NITDA’s commitment to ensuring that Nigeria develops its digital offering in-country, Inuwa noted that the Nigeria Startup Portal was launched during the week with over 12,000 startups registered so far. He said they would be labelled after which they could have access to incentives.


Earlier Josh Woodard, USAID said that the meeting was to enable USAID to have first-hand information on what Nigeria is doing in digital farming to see how to enhance the integration of digital technology in agriculture.


He revealed that USAID recently launched the Global Food Security Strategy for Nigeria (2024 -2029) in collaboration with the Federal Ministry of Agriculture and Rural Development.


He said, “We want to work with all stakeholders to ensure food security in Nigeria.”


The meeting discussed the National Adopted Village for Smart Agriculture (NAVSA) in relation to the success stories the initiative has recorded, the expansion strategy it is adopting and call on the USAID to be part of the initiatives.

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NITDA, NIMC TO PARTNER ON PKI, DPI

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AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

To further strengthen the Nigeria cyberspace and enhance the digital trust as enshrined in the National Information Technology Development Agency, (NITDA) Strategic Roadmap and Action Plan 2.0, the Agency has expressed its readiness to collaborate with the National Identity Management Commission, (NIMC) on National Public Key Infrastructure (PKI) and Digital Public Infrastructure (DPI) with the aim of enhancing digital identity, payment ecosystem and secure seamless exchange of data in the country.  

The Director General of National Information Technology Development Agency (NITDA), Kashifu Inuwa with the DG of National Identity Management Commission (NIMC)Engr. Bisoye Coker-Odusote during a working visit to her Commission in Abuja


NITDA Director General, Kashifu Inuwa, CCIE, made this known during a working visit to his counterpart, the NIMC Director General, Engr. Bisoye Coker-Odusote to discuss the various initiatives that centered around the building of DPI stacks for a secure and seamless data exchange and forming partnerships to transform the national identity system. 


While emphasising that the collaboration will harness the potential of the technology innovation ecosystem, he maintained that the use of Public Key Infrastructure (PKI) will also help to drive the Nigeria’s digital transformation agenda.  


He used the opportunity to provide insights into NITDA’s Strategic Roadmap and Action Plan stating that NITDA is evolving and that has informed the decision of the Agency to keep re-imagining itself.

He noted that the Agency recently re-crafted its vision and mission to reflect the current realities in the industry.  


Inuwa further explained that the NITDA’s Strategic Roadmap and Action Plan (SRAP 2024-2027) 2.0 is anchored on eight pillars which include; Fostering Digital Literacy and Cultivating Talents, Building a Robust Technology Research Ecosystem, Strengthening Policy Implementation and Legal Frameworks, Promoting Inclusive Access to Digital Infrastructure and Services, Enhancing Cybersecurity and Digital Trust, Nurturing an Innovative and Entrepreneurial Ecosystem, Forging Strategic Partnerships and Collaborations, and Cultivating a Vibrant Organisational Culture with an Agile Workforce. 
In her remarks, the NIMC’s Director General, expressed the enthusiasm of the Commission to collaborate with NITDA in advancing the digital economy sector stating that “no institutions can implement all its policies and programs in isolation, we need each other to achieve the set targets.” 


Engr. Coker further informed the gathering that President Bola Ahmed Tinubu has signed a circular on data integration and harmonisation of the Ministries, Departments and Agencies (MDAs) and on PKI for growth and development of the country. 


The highlight of the meeting was the inauguration of a 12-man committee that is saddled with the responsibility of kick-starting and harmonising the initiatives and the committee is expected to deliver a comprehensive implementation report in the coming weeks.  

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NCDMB Receives N450m Interim Dividend from Waltersmith Modular Refinery…. Firm declares N4.5bn Dividend for 2023

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AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

The Nigerian Content Development and Monitoring Board (NCDMB) announced on Monday that it had received an interim dividend payment of N450 million out the
N1.5bn declared by the Waltersmith Refinery and Petrochemical Company Limited.

This payment represents NCDMB’s 30% share in the company for the year ended 2023.

The NCDMB had in July 2018 invested $10m to acquire 30% stake in the 5000 barrels per day (bpd) modular refinery project located at Ibigwe, Imo State, to support the Federal Government’s policy on modular refinery, stimulate investment and create employment opportunities.

Rising from a Board Meeting of Waltersmith Refinery and Petrochemical Company Limited, the Executive Secretary NCDMB, Engr. Felix Omotsola Ogbe confirmed that a total dividend of N4.5bn had been approved for the year 2023, pending final approval at the Annual General Meeting (AGM). The company reported a total profit of N23.6bn as profit after tax for the same year.
The Executive Secretary hinted that NCDMB expects to receive additional 30% of the outstanding N3bn dividend after the AGM is convened later this year.

He added that the receipt of this interim dividend payment is a testament to the strong performance and profitability of Waltersmith Refinery and Petrochemical Company Limited. “The NCDMB is proud to be a part of this success and looks forward to continued collaboration with the company in the future,” he stated.
He affirmed that the company is upscaling the refinery capacity from 5000 bpd to 10,000bpd and the expansion project is 44% completed and on time to be commissioned by early 2025.

NCDMB’s investment in the Waltersmith project was also geared to catalyse the industrialisation of the Nigerian oil and gas industry and its linkage sectors and deepen Nigerian Content in the oil and gas industry. It was the first third-party investment embarked by the Board, and it provided proof of concept and paved the way for other successful investments by the Board.

Two weeks ago, NCDMB received a cheque of $1 million from Nedogas Development Company Limited (NDCL), being part of the return on investment (ROI) on one of the Board’s strategic investments.

The cheque was presented by the Chairman of the company, Engr. Emeka Ene when he visited the Nigerian Content Tower in Yenagoa Bayelsa State, where he was received by the Executive Secretary, Engr. Felix Omatsola Ogbe and other members of the Board’s management.

Nedogas Development Company Limited (NDCL) is a joint venture company between Xenergi Limited and NCDMB Capacity Development Intervention Company and it culminated in the construction and commissioning of a 300 MMscfd Capacity Kwale Gas Gathering (KGG) and injection facility located in the Umusam Community, near Kwale in Delta State, Niger Delta, Nigeria.

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