Connect with us

Business

WYSD 2021: Upskilling Bakers for Efficiency, Productivity and Profitability

Published

on

WYSD 2021: Upskilling Bakers for Efficiency, Productivity and Profitabilitycrown-logo-transparent

AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

The productivity level of the active segment of a population is critical to raising the gross domestic rating of any nation. But productivity is a function of a wider skill development effort and the optimal utilization of available human and mineral resources.

Globally, the pandemic has thrown a curveball in the way of previous skill development efforts. As economies slumped, and as household support frameworks shattered with businesses pivoting to survive, more members of the global workforce were rendered redundant or outrightly irrelevant by the digital intrusion, mechanized industrial processes and the recourse to tighter public-private spending. The World Youth Skills Day (WYSD) 2021, which is being commemorated this Thursday, July 15, strategically emphasizes the role of skill development in adapting to the completely transformed socio-economic environment as a result of the viral outbreak.

Themed “Reimagining Youth Skills Post-Pandemic”, the WYSD set the tone for a skill renewal focus to build a youth ecosystem that can adapt quickly to the divergent transformation that is taking place in the fast-paced post-pandemic environments. This adaptive focus is as relevant to workplace employees as it is to artisans and entrepreneurs of different levels.

Nigeria, a country with a sprawling population that comprises over 70 million youth and a mounting unemployment challenge, will need to implement a bold skill development programme to up-skill the active population segment. This is imperative if the country is to overturn emerging socioeconomic issues concerning the youth unemployment position.

Crown Flour Mill Limited (CFM), manufacturers of Mama Gold flour, in consultation with bakers has stepped forward with a bold skillset development programme. The company has been able to identify skill and knowledge gaps amongst artisanal bakers that would have to be closed to enhance the performance of players in the baking industry.

The baking industry comprises a strong network of economic enablers due to the position of bakers in making the all-important staple food, bread, available to the growing Nigerian population.

Working with this artisanal group has an overriding impact on the post-pandemic economic recovery bid of the country. This is because bakers produce 10 million loaves daily while engaging the services of thousands of bakery workers, logistic staff, and a thriving base of hawkers across the nation to deliver the flour-based food to the last mile.

Therefore, every effort made to empower participants in the bread production value chain would have a ripple effect on other segments of the economy.

Meanwhile, many local bakers operate the non-mechanized production line. This presents a productivity disadvantage. It also puts the small scale, local bakers, in a tight position as the large competitors which operate mechanized production lines easily push small-scale bakers to the fringe of the market. If the larger competitors continue to succeed in gobbling these small-scale competitors which make up a larger percentage of the job-creating hubs in the industry, the current national unemployment situation could be escalated further.

The harsh global economy and current realities is challenging enough; having more businesses close down would erupt into a needless downward spiral. This is not a good position for any country, let alone a thickly populated and diversified nation as Nigeria.

CFM Baking School which started operations in Abuja in 2018 is intensifying efforts to assist both large and small scale bakery businesses to adapt and mechanize operations where they lag behind counterparts in the more advanced countries of the world.

In August 2020, the flour milling firm opened a branch of the baking school in Apapa, Lagos state, to cater to the Lagos and South-West bakers. The company has since launched other CFM baking schools in Ilorin, Calabar, Port Harcourt, Warri and Kano to cater for bakers within these regions.

The baking school does not only offer bakers the opportunity of acquiring technical baking skillsets, it also teaches bakers how to run their bakery business profitably.

How does the baking school operate at a curricular level? The baking school curriculum is divided into classroom modules and practical modules. The classroom module covers topics such as Understanding Wheat, the Milling Process, and Quality Processes in Wheat Milling, Good Manufacturing Practice (GMP), Food Safety, Hygiene Practice, Baking Ingredients and their Functions, Bakery Equipment, the Science of Bread Baking, Sales Management, Accounting Practice, Calculating Small Bakery Earnings and Bakery Process Tracking.

The practical module covers topics that include the Baking Process, Recipe Formulation, Faults, Solutions and Trouble Shooting as well as Frequently Asked Questions (FAQs).

Participants are trained to work with flour brands within the premium, economy and value segments. They are also taught the processes to follow to achieve the best production output.

CFM’s training school also caters to a strong young people segment. It is equipping a young and aspiring new generation of bakers with the right knowledge, skill sets and world view to help scale up the industry. From 2020 to date, 1,500 bakers have been trained pan Nigeria at an estimated cost of N120 million.

The huge sum invested annually into developing bakers’ skillsets is yielding positive results. The quality of bread in circulation is improving. More young people are moving into the baking business at both large scale and small-scale operation levels. The constant supply of bread to the local stalls by bakers and the various cost-mitigating efforts of Nigerian bakers have also seen bread retain its position as the most affordable food staple consumed across local households. This is a cheering development in the country considering the current level of inflation and rising food prices in the country.

Speaking about the impact of the CFM baking school, Ashish Pande, the Managing Director of Crown Flour Mill Limited, said, “The robust investment into upskilling local bakers underscores our commitment to raising the performance level of the critical segments across our operating markets. This focus has a strong influence on household incomes and the productivity rating of the nation.”

“Our ultimate goal for making this huge investment is to bridge the observed skill gap in the industry and hence maximize bakers’ profitability. We believe this will make the industry grow and become more attractive to more youthful would-be-bakers. Therefore, CFM will continue to explore creative avenues to change the face of the baking industry, for an even brighter future”, he added.

Tasiu Jibril Hamzah from Kano State and a graduate of Computer Science, but with a strong passion for baking and food science in general, had this to say about the baking school. “I have learnt the impact that good baking/ bakery practices such as ingredients measurement, sanitation and staff management have on the profitability of a bakery.”

Kikelomo Keyede, another beneficiary of the CFM baking programme also emphasized the impact of the skills acquired at the baking school facility. She promised to put all that she learnt to work to stimulate a turnaround at her Excel Bakery.

Also sharing her experience, Ukwunna Blessed Williams, CEO of Blessed Kalu Star Company Limited and a beneficiary of the training said, “I have ventured into digital marketing, hydro geology, but baking has always been an art that fascinated me. The ability to make a recipe that will leave people wanting more and at the same time creating value in the marketplace is always something I look forward to.”
She added that the training has impacted her managerial skills, knowledge of recipes, customer service delivery and production output.

As CFM joins the world in celebrating WYSD 2021 it salutes the tenacity, resilience and creativity of the Nigerian youth especially throughout the pandemic. It also calls for the increased adoption of technical and vocational education and training (TVET) systems as part of Nigeria’s socio-economic recovery process post-COVID-19.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

AIGBOJE AIG-IMOUKHUEDE APPOINTED PRESIDENT OF FRANCE NIGERIA BUSINESS COUNCIL

Published

on

AIGBOJE AIG-IMOUKHUEDE APPOINTED PRESIDENT OF FRANCE NIGERIA BUSINESS COUNCIL

AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

At the esteemed Choose France Summit 2024, held on Monday, May 13, 2024, Aigboje Aig-Imoukhuede, the Chairman of Access Holdings PLC, was formally appointed as the President of the France Nigeria Business Council (FNBC) by the President of the French Republic, President Emmanuel Macron.

Aigboje Aig-Imoukhuede having a handshake and a tête-à-tête with President Macron at the Council’s meeting with the President, and Gilbert Chagoury looking on.

The France Nigeria Business Council (FNBC) stands as a pivotal coalition of Nigerian private sector business leaders, committed to enhancing bilateral relations between Nigeria and France. Its core objectives revolve around the facilitation of trade, investments, infrastructural development, job creation, and cultural integration between the two nations.

Since its establishment in June 2021 under the auspices of President Emmanuel Macron, the FNBC has diligently utilised its member network to champion investments across key business sectors, fostering cultural understanding and driving economic growth between Nigeria and France. Notably, it has catalysed Nigerian businesses’ ventures into investment opportunities within France.

Comprising 13 distinguished members, the Council boasts prominent figures including Aigboje Aig-Imoukhuede (President), Abdul Samad Rabiu, Gilbert Chagoury, Mike Adenuga, Aliko Dangote, Jim Ovia, Tony Elumelu, and John Coumantaros. Additionally, Kola Karim, Leo Stan Ekeh, Daisy Danjuma, Gbenga Agboola, and Jean Haas serve as integral members, with Jean Haas holding the position of Secretary.

Aig-Imoukhuede’s appointment follows the passing of Herbert Wigwe, the Council’s former President, in February 2024.

Aigboje Aig-Imoukhuede having a handshake and a tête-à-tête with President Macron at the Council’s meeting with the President, and Gilbert Chagoury looking on.

The Choose France Summit is an annual gathering that convenes business magnates, investors, and governmental dignitaries to explore investment prospects within France. The highlight of the Summit was the Presidential Dinner, characterised by high-level engagements and mutual commitments between participating parties.

Continue Reading

Business

ACCESS BANK (SL) LTD STRENGTHENS LEADERSHIP TEAM WITH KEY BOARD APPOINTMENTS, NAMES NEW CHAIRMAN

Published

on

AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

Access Bank Sierra Leone Ltd (‘Access Bank (SL) Ltd’) has announced the appointment of new executives to its Board of Directors (‘the Board’), further strengthening its leadership team and advancing the implementation of its growth and transformation strategy.

These appointments also reflect the Bank’s commitment to fostering growth and development while maintaining the highest standards of governance and stewardship.

Joining the Board as Non-Executive Directors are Maurice Nathaniel Cole, Nsikak N. Usoro, Michala Mackay, Ibrahim Khalil Lamin, and Kolawole Augustine Ajimoko.

The appointees boast a wealth of expertise from diverse sectors, including banking, telecommunications, corporate governance, compliance, and finance. Their combined experience and vision will contribute to shaping the future trajectory of Access Bank (SL) Ltd.

Cole will serve as Chairman, following the exit of Alice Marie Onomake and will bring his experience to the fore as Access Bank (SL) Ltd works to consolidate its market position and deliver value for all its stakeholders.

“We are thrilled to welcome our new executives to Access Bank (SL) Ltd,” said Ganiyu Sanni, Country Managing Director, Access Bank Sierra Leone Ltd. “Their leadership and vision will be invaluable as we navigate through challenges and pursue sustained success. We extend our gratitude to outgoing Chairman, Alice Marie Onomake, and Non-Executive Director, Aminata B. Dumbuya, for their dedicated service and contributions to the Bank.”

Access Bank (SL) Ltd remains committed to excellence, transparency, and accountability as it embarks on this exciting new chapter. The Bank looks forward to leveraging the collective expertise of its leadership team to drive innovation, foster growth, and create lasting impact for its customers and communities.

Continue Reading

Business

Access Holdings Vests 23.8 million Units of Shares on Senior Executives

Published

on

AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H


In line with the disclosure requirements of the Securities and Exchange Commission and the Nigerian Exchange Limited, Access Holdings Plc , Africa’s leading financial services group, has announced the award of 23.8 million ordinary shares to some of its senior executives and executives of Access Bank, its flagship subsidiary.

This is in pursuant of the terms of its shareholders approved Employees Performance Share Plan.


Bolaji Agbede, the Acting Group Chief Executive Officer of Access Holdings, Roosevelt Ogbonna, the Managing Director/Chief Executive Officer of Access Bank, and six others were vested with 23,883,790 units of the Group’s shares, worth a combined N427.13 million.


This was disclosed via notices duly filed with the Nigerian Exchange Limited on Tuesday.


According to the filings, Ogbonna got the highest amount of shares totalling 12,345,679 units and worth N220.37 million, having been traded at N17.85 per share.


Agbede was vested with 2,216,992 units of shares, valued at N39.795 million.


Other directors, who had shares vested include Seyi Kumapayi, Executive Director, African Subsidiaries, Access Bank, with 1,234,568 worth N22.16 million; Iyabo Soji-Okusanya, Executive Director, Commercial and Investment Banking Division, Access Bank, with 1,691,308 at N17.95 per share.

Her vested shares are valued at N30.36 million, and Chizoma Okoli, Access Bank’s Deputy Managing Director, Retail South, who got 1,728,395 units valued at N30.85 million.


Dr Gregory Jobome, Executive Director, Risk Management, and Hadiza Ambursa, Executive Director, Commercial Banking, were each vested with 1,728,395 valued at N30.85 and N31.02m respectively.

Access Holdings’ Company Secretary, Sunday Ekwochi, was vested with 1,210,058 units of the Group’s shares worth N21.72m.


The shares were vested on May 3rd and May 6th.


The vesting of the shares is not a purchase or sale transaction in the context of the Exchange’s Rules.

Continue Reading

Trending

Copyright © 2021 All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from August24news.com
This Website is designed and Managed by: August 24 Communications Nigerian Limited (RC: 798585)