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Dangote refinery awards $368m worth of contracts to local contractors

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Dangote Refinery and Petrochemical has so far awarded $368 million to 120 local contractors at the site as part of its contribution to Nigeria content development initiative.

The Group Executive Director, Strategy, Portfolio Development and Capital Projects, Dangote Industries Limited, Mr. Devakumar Edwin, who made this disclosure during the tour of the Dangote Refinery by members of Nigerian Union of Journalists (NUJ) and Nigeria Institute of Public Relations (NIPR), yesterday in Lagos, said there are several Nigerian content opportunities in the company’s refinery and petrochemical project.

He noted that the Refinery would lead to significant skills transfer and technology acquisition opportunities in the country.

He said the Group has embarked on a landmark integrated Refinery and Petrochemical project, regarded as the largest industrial complex in the history of Africa, which is expected to take Nigeria to new heights through the transformation of the economy.

According to him, the company is already partnering with the Lagos State government and Siemens in the skills development of the local community for employment at the construction site. “We have already trained and employed 250 artisans,” he added.

He disclosed the company’s intention to train 900 Nigerian engineers in India. “The company has completed the overseas training of first and Second batches of Nigerian engineers and are being acclimatized at site. The third batch left for India

classroom training for one month, on the job training for one year and working in real time with experts in the industry every day”, he added.

He said that company has so far employed 3580 Nigerian personnel on site. “This excludes employment by the various contractors and subcontractors at the site”, he said.

Edwin disclosed that the company, in partnership with the Nigerian Content Development and Monitoring Board (NCDMB) and the National Directorate of Employment (NDE), kicked-off of training for 200 youths in its host communities, as part of its corporate social responsibility initiatives.

He disclosed that the programme is meant to prepare the selected youth with vocational skills that will make them employable or self-employed.

According to the company, the youth are currently be trained in areas of plumbing, masonry, welding, iron bending, auto mechanics and electrical works because of the instant value addition to their lives and communities.

Speaking on the progress made so far on the refinery project, Edwin disclosed that the company has imported world’s largest Reactor Regenerator and well as a

Crude Column, which is equivalent to 30-storied building weighing about 100 fully loaded trucks.

He said that the Dangote Petroleum Refinery can meet 100 per cent of the Nigerian requirement of all liquid products, such as Gasoline, Diesel, Kerosene & Aviation Jet and also would have surplus of each of these products for export.

According to him, the Refinery will ensure that the security of local supply of petroleum products is guaranteed as well as the availability of petrochemical feedstock (Poly-propylene & Polyethylene), which will be enough for the Nigerian market as well as the neighboring countries.

With a fast-growing population and poor infrastructure, he said the refinery would also reposition Nigeria as an attractive investment destination and a major industrial hub in Africa.

Edwin added that the company also possess strategically located marine infrastructure for crude receipts and product trade when the refinery is fully completed.

He noted that the 650,000 barrels per day refinery has been designed to process a variety of light and medium grades of crude and produce extremely clean fuels that meet Euro V specification.

He said that company has invested in most advanced units to produce Euro V fuel due to help Nigeria meet the European Standard of gasoline.

Edwin said in addition to the refinery plant, the company is constructing the largest fertilizer Plant in West Africa. “Current consumption of Urea in Nigeria is 700,000 tonnes. There is very poor per hectare usage of fertilizer leading to very poor crop yield. By 2020, Nigerian population, which is around 207 million, would lead to increased food consumption.

“Estimates point out that around five million tonnes of fertilizers are required per year in Nigeria in next five to seven years bifurcated into 3.5 Million tonnes of Urea.

“Dangote Fertilizer Project is the largest Granulated Urea Fertilizer complex coming up in the entire fertilizer industry history in the World, with an investment of $2.0 Billion capacity of 3 Million tonnes per annum. The Dangote Fertilizer complex consists of Ammonia and Urea plants with associated facilities and infrastructure, to produce 3 MMTPA Urea,” he stated.

President/Chairman of council Nigerian Institute of Public Relations, (NIPR) Mukhtar Zubairu Sirajo, commended the President of Dangote Group, Aliko Dangote for his investment in the Nigeria’s petroleum sector.

Chairman, Nigerian Union of Journalists, (NUJ) Lagos State Council, Dr. Qasim Akinreti, thanked the company for giving the union opportunity to embark on the tour of the refinery project.

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UBA’s Africa Conversations: Leaders Emphasise Importance of History to African Development

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African leading minds have called on Africans to be mindful of their rich history, which according to them creates the path towards the socio-cultural, economic and political development of the continent

The strong African voices which included Group Chairman, United Bank for Africa (UBA), Tony Elumelu, Nobel Laureate, Wole Soyinka; Professor emeritus and authority in Sahelian history, Djibril Tamsir Niane; Ghanaian Politician, Samia Nkrumah and Famous Musician, Femi Kuti spoke during the first edition of UBA’s Africa Conversations, a symposium organised by the United Bank for Africa (UBA) Plc at the UBA House in Lagos, as part of activities marking this year’s Africa Day celebrations. The theme of the panel session was “Africa’s History Redefined, Our Past, the Path to the Future”.

Opening the conversation, the Group Chairman, UBA, Tony Elumelu stated ‘UBA understands the past- that Africa as a continent has always been united by the struggle for identity. UBA is a symbol for the development of Africa, for the economic empowerment of our people, the Small and Medium Enterprises as well as the big corporations. Thus, identifying with Africa and indeed Africa Day is synonymous with who we are as a bank. It presents us the opportunity to remind ourselves, the world and indeed Africa that we owe ourselves the duty of making Africa the continent of our dreams.”

Elumelu added that it is important for Africans to remember history as this will help prepare for the future. ‘Our past provides a veritable tool to fashioning the continent’s development, renaissance and economic growth’ he emphasised.

Speaking strongly on the issue, professor Wole Soyinka, who commended UBA’s initiative for opening up discussions on these pressing topics decried the growing erosion of history from the curriculum in African schools, adding that the lack of knowledge of our past makes children’s growth on the continent truncated. “How can we cope with the modern phenomenon if we do not know the past? We should never forget the importance of history as it is not just an academic exercise,” he enthused.

Corroborating Soyinka’s position, Professor Niane opined thatreminiscingabout Africa’s rich history is important as there is no people without history. He said, “A lot of work has been done by Africans and we have to be happy about it. There is the need to continue the conversation about African unity. Policies  have been put in place and our democracy can only get stronger. Peace will reign and Africa will be reunited. Economic transformation is also important but it is not the only thing we should concentrate on.”

Samia Nkrumah, the daughter of Kwame Nkrumah of Ghana, who commendedUBA for prioritising African entrepreneurship, called for a renewed attempt at African unity, which according to her, has to be a collective effort of the people.

Nkrumah said, “As we work in our individual smaller countries, it will be easier to achieve more if we work together and complete unification can only come if we work together; we won’t go anywhere unless we use unity as a political project.’ She added.

On his part, Femi Kuti emphasised the importance ofHistory, saying “Our children need to learn this history so that they can come up and build the continent. We need everyone – both boys and girls to work towards this vision.”

The UBA Conversations, an initiative of the Pan African financial institution, aims at aggregating discussions necessary for the growth and development of the continent. It is being held as part of the activities to mark the 2019 edition of Africa Day celebrations by the bank.

With presence in 20 African countries as well as in the United States, France and The United Kingdom, UBA’s passion for Africa’s growth is part of who they are.

The bank is set to continue conversations around these important topics that are required to galvanise the African economy with the aim of attracting the much needed support that will boost SMEs and support business growth on the continent.

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Zenith Bank achieves feat of First Nigerian Bank to Consecutively Audit its Greenhouse Gas (Carbon) Emissions & be Certified Compliant using International Recognize “GHG Protocol

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Zenith Bank Plc was presented with a Certificate for Greenhouse Gas Auditing by V4 Advisors after a successful completion of the Bank’s Greenhouse Gas Audit for the 2018 Financial Year. The presentation of the certificate and the report of the Auditors was done by V4 Advisors at the Zenith Bank Head Office on May 21, 2019.

The Executive Director, Dr. Temitope Fasoranti, who received the certificate on behalf of the Bank said the Bank started this effort with the 2016 Financial Year and has carried out three greenhouse gas audits to date. He explained that the Bank understands the relationship between greenhouse gas emission and climate change and appreciates the role it is expected to play towards combating the menace of climate change.

Also speaking on the milestone, the Country Manager Lynsey Elston highlighted that Zenith Bank is the first Nigerian bank to consecutively report the carbon emissions of their Head Office in Lagos using a certified tool which is built on the internationally recognized “GHG Protocol”. She commended the bank for proving its commitment to United Nations Global Compact (UNGC) Goal 13, Climate Action, in addition to complying with Global Reporting Initiative (GRI) Standards”.. In response to her, the Executive Director said the initiative has significantly helped the bank reduce its overall carbon footprints and drive energy efficiency.

V4 Advisors is a UAE-based provider of advisory and consulting solutions on climate change and greenhouse gas emissions. The firm’s calculation and reporting tool has been reviewed by the World Resources Institute (WRI) for conformance with the GHG Protocol Corporate Standard.

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UBA Premieres Most Anticipated Men’s Club Season 2 Trailer

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Lagos, Saturday 18th of May, 2019 was the definition of entertainment success. From the lights to setup, the atmosphere was filled with the euphoria of excitement. The wait was finally over, almost 6 months after the first season hit YouTube, The Men’s club, season 2 is set to launch.

In anticipation, a private screening was held at the IMAX Filmhouse cinema, Lekki. In attendance were the cast, crew and industry supporters. A little waiting room held a re-enacted set from the show’s opening montage, signature cocktails, mock tails  and delicious canapés were served. The Crème-de-la Crème of Lagos entertainment elites including Kemi Adetiba, Noble Igwe, Eku Edewor, Ashionye Raccah, Bola Atta and guests mingled and re-lived their favourite scenes from Season 1 through pictures and interviews.

At 7:30 pm, all guests were ushered into the main screening hall by the Creative Director of REDTV, Obinna Okerekeocha, intimating fans and guests present that the new Season was about to bring on a different dimension. ‘REDTV has taken drama to a different level and we aren’t scared to push the boundaries. Our vision at REDTV is to continually produce premium content for entertainment. The new season of The Men’s Club is real. Its aspirational and relatable. The cinematography and scores are top class and its wonderful to see how the lead actors have grown. This is going to be a bigger hit than Season one’ said Okerekeocha. He reminded everyone to spread the message and invite friends to subscribe on the REDTV.

As end credits from the show reeled on the screen, the room was filled with a resounding applause. In a thank you address, Bola Atta the Executive Producer expressed her uttermost joy as the show more than surpassed expectations. She thanked the United Bank for Africa(UBA) for the endless support to ensure the success of REDTV and congratulated Tola Odunsi and Akins Akinkugbe, co-producers of the The Men’s Club.

The curtains drew with a final address from Tola Odunsi and Akins ‘AK’ Akinkugbe returning immense gratitude to every single actor and crew behind the scene reminding guests that ‘it’s easy to see the finished show but every single person who contributes to the show makes the job worthwhile’.

The Men’s Club starring Daniel Etim Effiong, Ayo Ayoola, Efa Iwara, Baaja Adebule, Mimi Chaka, Sharon Ooja, Segilola Ogidan, Enado Odigie. This season hosts some new faces including Shawn Faqua, Ijeoma Aniebo, Somto Akanegbu as we follow the lives of 4 young men in Lagos, discovering love, breaking hearts and trying to find meaning to life through their daily experiences and encounters.

The new season drops on YouTube this Thursday 23rd, May on the REDTV channel.

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