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Gateway Trade Fair: OGUNCCIMA lauds Dangote Group’s collaboration.

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THE Ogun State Chamber of Commerce, Industry, Mines and Agriculture (OGUNCCIMA) has commended the Pan African Conglomerate, Dangote Group  for its giant strides in economic development of the country through massive investments in several sectors of the economy describing the feat as worthy of emulation by other Nigerians.

President of OGUNCCIMA, Mrs. Adesola Adebutu who made this commendation at the opening ceremony of the 8th Gateway Trade Fair holding in Abeokuta Ogun state said the support given enough by the Dangote Group went a long way in making the staging of the Fair a success.

She explained that the theme of the Fair, “Promoting Agricultural Value Chain through SMES for Nigeria Economic Recovery”, was chosen in line with Ogun state’s policy of Agricultural industrialization which is also in consonance with the national policy of repositioning agriculture as the viable alternative to oil.

Mrs Adebutu stated that OGUNCCIMA was planned to be a clear departure from the past such that this year’s will rekindle the interest of the old investors and introduce new ones in new opportunities for its investments in Ogun State.

In his opening address, Ogun State governor, Ibikunle Amosu, thanked OGUNCCIMA for taking up the challenge to organize the fair despite paucity of funds and logistics challenges.

He said Nigeria is blessed with climate that can sustain agriculture all year round and that it’s heartening that the federal government is leading the way in diversification of the economy from oil based to agriculture whose value chain can create millions of employment.

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Dangote Group, which is a leading sponsor of the Fair, stormed the venue with varieties of its consumer goods as well as its flagship product, cement.

“Dangote Group, which is a leading sponsor of the Fair, stormed the venue with varieties of its consumer goods as well as its flagship product, cement”.

Companies from under Nigeria’s foremost indigenous conglomerate, Dangote Group are adding colour to the Gateway Fair with an array edible goods on display. Three companies in the group offering consumer goods at the fair are Dangote Sugar Refinery, NASCON Allied Industries Plc (Dangote Salt), Dangote Flour and Dangote Cement.

Some products on display at the fair include Dangote sugar, Dangote Flour, spaghetti and macaroni, Dangote salt, Danq (seasoning), tomato paste. Dangote Sugar will be offering customers different sizes of granulated sugar packs at the fair.

A statement from Corporate Communications Unit of Dangote Group, said the fair has become a veritable venue for introduction of new innovations to Dangote products and that visitors to the group pavilion at both fairs will have the opportunity of buying products of these companies at reduced prices.

Dangote Flour is staging a wet sampling and offering customers a wide range of products at discounted prices. Buyers are going with several gifts as reward for purchasing Dangote Flour products. Products at the stand include-Dangote, flour for baking, wheat meals, spaghetti and macaroni.

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Dangote Group is of the view that the trade fair is coming at an appropriate time, close to the last month in the year. This affords traders and dealers the opportunity to buy and stock their shops while end users buy for yuletide.

NASCON is offering its repackaged salt packs to customers at the trade fair. The new salt pack which is to endear the product to its teeming customers still comes in packs of 250g, 500g and 1kg. It is redesigned is to make the product more accessible and affordable for consumers and other end users.

Also, there will be free samples of the products like salt, seasoning, Tomato paste and the Dansa juice drinks for the visitors. Management of NASCON explained that Dangote Salt, seasoning and Dangote tomato paste will be offering free samples to visitors to the Dangote kitchen/restaurant which will be attached to the Dangote Stand to wet their appetite.

NASCON said the company would be giving its customers a good treat at the fair saying it has added to the richness of its products like Danq seasoning and Tomato paste and embark on an expansion of its distribution network to make the product more readily accessible to consumers.

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Aside this, the statement said customers wanting to be distributor of any of the Dangote group subsidiaries would have the opportunity to be offered informed explanations by staff of the companies who would be on hand to put the customers through on how to go about it.

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China Denounces US Allegations of Fueling Conflict in Ukraine

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This handout photograph taken and released by Ukrainian Presidential press-service on April 22, 2024 shows a firefighter at work to put out a fire in a residential building following Russian strike in Kherson, amid Russian invasion in Ukraine. (Photo by Handout / UKRAINIAN PRESIDENTIAL PRESS SERVICE / AFP)

China condemned on Tuesday as “groundless accusations” US claims that Beijing was fuelling the Ukraine war by supplying components to Russia which it uses for its military expansion.

China and Russia have ramped up economic cooperation and diplomatic contacts in recent years and their strategic partnership has only grown closer since the invasion of Ukraine.

Beijing says it is a neutral party in the Ukraine conflict but has been criticised for refusing to condemn Moscow for its offensive.

And ahead of a planned visit to Beijing by top diplomat Antony Blinken this week, the United States had accused China of helping Russia carry out its biggest militarisation since Soviet times.

Following a G7 ministers meeting in Capri last week, Blinken said: “when it comes to Russia’s defence industrial base, the primary contributor in this moment to that is China,” adding that this is “allowing Russia to continue the aggression against Ukraine”.

In response, China on Tuesday furiously defended its right to “normal trade ties” with all countries, including Russia.

“The United States has unveiled a large-scale aid bill for Ukraine while also making groundless accusations against normal trade between China and Russia,” foreign ministry spokesperson Wang Wenbin said.

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“This kind of approach is extremely hypocritical and utterly irresponsible, and China is firmly opposed to it,” he said.

– Russian regroup –

 

US officials say China has stopped short of direct military assistance but has provided dual-use supplies that have let Russia regroup in the face of a long delay in US aid to Ukraine.

Blinken last week said this included “machine tools, semiconductors, other dual-use items that have helped Russia rebuild the defense industrial base that sanctions and export controls had done so much to degrade”.

The top US diplomat has pledged to raise the issue with Chinese officials in Beijing this week, as well as press them to use their leverage over Russia to help end the war.

Beijing has long denied claims it is aiding Russia’s fighting in Ukraine — and insisted it won’t accept “criticism or pressure” over its ties with Moscow.

“On the Ukraine issue, China has always maintained an objective and just position, advocated actively for peace talks and pushed for a political resolution,” Wang said Tuesday.

“China consistently implements regulations on the export of dual-use items,” he said.

“China is neither a creator nor party to the Ukraine crisis and has never thrown oil on the flames,” Wang said.

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“We will not accept others passing the buck or shifting blame onto us,” he said.

 

 

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FG Unveils Unbundling Plan for Electricity Distribution Companies

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In a bid to enhance efficiency within Nigeria’s power sector, the Federal Government has initiated the unbundling process for 11 electricity distribution companies (DisCos).

This move aims to streamline operations and bolster effectiveness within the sector, as highlighted by Nigeria’s Minister of Power, Adebayo Adelabu.

Addressing the Senate Committee on Power in Abuja, Minister Adelabu emphasized the necessity of restructuring the DisCos into more manageable entities aligned along state lines.

He stressed the impracticality of current setups, citing examples such as the Ibadan Disco, which spans across seven states, hindering operational efficiency.

Also, Minister Adelabu disclosed the government’s intention to exercise its ownership rights in the DisCos, reclaiming management responsibilities to rectify operational shortcomings. He underscored the imperative of governmental intervention, citing past mismanagement by private sector operators.

In tandem with the unbundling initiative, the Federal Government has directed the sale of DisCos currently under the management of banks and the Assets Management Corporation of Nigeria (AMCON). Four DisCos, including Abuja, Benin, Kaduna, and Kano, are now under bank management due to loan repayment issues, signaling a broader need for industry-wide reform.

The Senate Committee on Power echoed concerns over DisCos’ inefficiencies, advocating for comprehensive overhauls to address longstanding performance deficits. Senator Danjuma Goje decried DisCos’ lackluster contributions to the power sector, labeling them as “complete failures.”

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In response to mounting challenges, Minister Adelabu outlined key strategies to revitalize the sector, including stringent regulatory measures, franchise agreements, and accelerated completion of transmission projects. Additionally, efforts are underway to bridge the metering gap and expand renewable energy capacity to bolster the national grid.

Looking ahead, the Federal Government remains committed to realizing its vision of a robust and sustainable power sector, with plans underway to achieve a target of 6,000MW of power generation by the year’s end. As stakeholders collaborate to address systemic deficiencies, the trajectory of Nigeria’s power sector points towards a future marked by resilience and progress.

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Nigerian Army Dismisses Two Personnel Over Alleged Theft at Dangote Refinery

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The Nigerian Army has swiftly acted on allegations of misconduct within its ranks, as it announces the immediate dismissal of two of its personnel implicated in a reported theft at the Dangote refinery in Lagos.

Director of Army Public Relations, Onyema Nwachukwu, affirmed this disciplinary action in a statement released on Monday.

Corporal Innocent Joseph and Lance Corporal Jacob Gani have been relieved of their duties and handed over to the police for further investigation.

“As a demonstration of NA’s zero-tolerance for misconduct and criminality within its ranks, the two soldiers have been dismissed from the NA with immediate effect and handed over to relevant authorities for further prosecution,” Nwachukwu stated.

Major General Nwachukwu outlined the charges against the soldiers, citing their abandonment of duty post and unauthorized possession of materials. He noted that they were summarily tried and found guilty in accordance with military laws.

“This decisive action underscores the NA’s resoluteness in maintaining its institutional integrity and reputation,” Nwachukwu added. “The NA reassures the general public of its dedication to upholding integrity, discipline, and accountability at all levels.”

“We remain resolute in our duty to protect and serve the nation with honor and dignity,” he concluded.

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