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In Africa, Dangote Cement records 12.6% Sales volume increase.

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Africa’s largest cement producer, Dangote Cement has announced its unaudited results for the six months ended 30th June 2017, posting a 12.6 percent increase in sales volume across Africa.  has announced its unaudited results for the six months ended 30th June 2017, posting a 12.6 percent increase in sales volume across Africa.  

In the financials released on the floor of the Nigerian Stock Exchange indicated that the increase in sales volume showed a growing capture of Pan-African market as Dangote Cement continues to gain grounds.

Revenues from operations in Nigeria increased by 34.5 percent  to ₦291.4 billion while Pan-Africa revenue increased by 63.7 percent to ₦124.4B from ₦76.0B mainly as a result of increased volumes and foreign exchange gains when converting the sales from country local currency into Naira.

Analysis of the half year result revealed that sales volumes of African operations increased by 12.6 percent to 4.7 million metric tons with Sierra Leone making a   53 kt maiden contribution.

Record of sales from its operations scattered around the African continent revealed that a total of 1.1million ‘metric tons of cement was sold in Ethiopia, almost 0.7 million metric tons sold in Senegal, 0.6 million metric tons sold in Cameroon, and 0.5 million tons in Ghana.

Also, 0.4 million metric tons of cement was sold in Tanzania and 0.3 million tons in Zambia. Sales volumes from Nigerian operations fell from 8.8Mt to 6.9Mt, occasioned by the onset of rains which stalled many construction projects.

Our Pan-African operations are growing well and increasing market share

Reflecting on the half year results, Dangote Cement’s Chief Executive Officer, Onne van der Weijde expressed satisfaction that the company’s revenues have continued to grow despite low sales from the Nigerian operations noting that the revenues grew on the strength of sales from other African operations

Said he: “Our revenues have continued to grow despite the lower volumes seen in Nigeria, especially because of the recent heavy rains. Our margins have improved significantly, helped by improved efficiencies and a much better fuel mix in Nigeria.

“We are using much more gas and increasing our use of coal mined in Nigeria, thus reducing our need for foreign currency and supporting Nigerian jobs.

”Our Pan-African operations are growing well and increasing market share. We saw our the first sales from Sierra Leone in the first quarter and our new plant in the Republic of Congo will be in production at the end of July, further increasing our footprint across Africa and strengthening our position as its leading manufacturer of cement.”

The Company reports that it estimated that Nigeria’s total market for cement was 10.2 million tonnes (Mt), 23.2% lower than the estimated 13.3Mt sold in Nigeria in the first half of 2016. Of total market sales in the first half of 2017, just 0.1Mt was imported.

“As a result of the slower market, our Nigeria operation sold nearly 6.9Mt of cement, down 21.8% on the 8.8Mt sold in the first half of 2016. We estimate our market share to have been about 64.5% during the first six months of 2017.

Dangote Cement is a high-growth, low-debt, internationally diversified company that has just paid a dividend amounting to nearly 75% of 2016 net profits to shareholders. “The recent publication of our credit ratings highlights the financial strength we have achieved through our unwavering focus on the profitable expansion of the business, underpinned by our belief that we must remain prudent in our financial management.”, Mr. Weijde stated.

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Oyo: Makinde scrambles as defections threaten political structure

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Oyo State Governor, Seyi Makinde, has reportedly begun a series of meetings with members of his cabinet and key political stakeholders in the Allied Peoples Movement in a bid to address the wave of defections and resignations affecting his political camp.

The meetings, according to sources within the camp, are aimed at addressing growing discontent among party members and preventing further departures ahead of the 2027 governorship election.

The development follows the recent defection of several prominent politicians from Ogbomoso zone to the All Progressives Congress, a move that has reportedly unsettled the governor’s political associates.

Among those who recently left the governor’s camp are his Chief of Staff, Segun Ogunwuyi; Alhaji Rasak Gbadegesin, popularly known as Agbeti; Timothy Oyeniyi; Alabi Olateju; Isaiah Adegbite; Peter Oyetunji; and Jimoh Sikiru, the APM chairman in Ogbomoso North.

Several other political figures and local government representatives from Ogbomoso North, Ogbomoso South, Surulere and Ogo-Oluwa have also reportedly joined the APC.

The latest developments came on the heels of a series of resignations from the Makinde administration.

The Commissioner for Budget and Economic Planning, Ayobami Oluwaseun Ojo, and the ministry’s Special Adviser, Simeon Adegbola Oyeleke, resigned their appointments with effect from November 2.

While Ojo did not publicly disclose the reason for his resignation, Oyeleke reportedly cited dissatisfaction with the working environment, saying it had become increasingly difficult to represent the aspirations of his people while serving in government.

Also, Sunday Olugbenga Falana resigned from the Oyo State Independent Electoral Commission, thanking the governor for the opportunity to serve without publicly stating his reason for leaving.

The Director-General of the Due Process Office, Tara Adefope, also reportedly left the administration.

Other prominent political figures who have parted ways with the governor include the Chairman of the Governor’s Advisory Council, Hosea Agboola, popularly known as Alleluyah; former Deputy Governor, Ambassador Taofeek Arapaja; and Alhaji Bisi Olopoeniyan.

Agboola and Arapaja have since moved into the APC.

The departures have also affected some of the governor’s political strategists. They include former Political Adviser to the governor, Chief Babatunde Oduyoye, and his former Special Adviser on Security, Fatai Owoseni.

Their exits have reportedly raised concerns among members of the governor’s political circle about the strength of the structures that have supported his administration and political activities.

Worried by the growing number of departures, Makinde is said to have intensified consultations with members of his cabinet, party leaders and remaining loyalists in an effort to prevent further defections.

Sources familiar with the meetings disclosed that the governor had been holding consultations with some of his associates and aggrieved stakeholders at his residences in Ikolaba and Kolapo Ishola Estate, Ibadan.

At one of the meetings, which reportedly brought together members of his diminishing inner circle, Makinde was said to have expressed concern about the trend and sought suggestions on how to retain those still within the party.

A source familiar with the discussions said the governor wanted to know what could be done to prevent further defections and protect the party’s position ahead of the next governorship election.

The source added that the meetings also provided an opportunity for some attendees to express their grievances over what they considered the causes of the crisis.

According to the source, some participants blamed the situation on the governor’s alleged unilateral decision to settle for Hon. Bimbo Adekanmbi as the party’s governorship candidate for the 2027 election.

Others reportedly criticised some policies of the administration, which they believed had generated negative public reactions and contributed to the growing discontent within the political camp.

The latest meeting, which reportedly lasted until the early hours of Thursday, ended without any clearly defined strategy to address the situation.

A source at the meeting said some participants expressed the fear that more political figures could still leave the camp if the grievances were not addressed.

 

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Late Lam Adesina’s Legacy Remains Enduring – Oseni

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The All Progressives Congress (APC) candidate for Oyo South Senatorial District, Hon.  Aderemi  Oseni, has described the late former Governor of Oyo State, Alhaji Lamidi Onaolapo Adesina, as a political leader whose contributions to democracy, education and the development of the state remain significant.

Oseni, in a statement issued on Wednesday by his Media Aide, Idowu Ayodele, to mark the 14th anniversary of the former governor’s death, said Lam Adesina’s life and political career offered valuable lessons in courage, conviction and commitment to public service.

He recalled that the late governor, who died on November 11, 2012, at the age of 73, played an important role in Oyo State’s political history. His involvement in the struggle against military rule, particularly through the National Democratic Coalition (NADECO), reflected his commitment to democracy and the restoration of civilian rule in Nigeria.

The lawmaker who currently represents Ibarapa East/Ido Federal Constituency and chairs the House Committee on Federal Roads Maintenance Agency (FERMA) ,  also noted that Lam Adesina’s background as a teacher and journalist shaped his interest in education, public affairs and the political development of the country. He said the former governor was closely associated with the progressive political ideals of Chief Obafemi Awolowo, particularly the emphasis on education, social welfare and improving the living conditions of ordinary people.

“Lam Adesina was a politician who stood firmly by his convictions. He was part of the struggle for democracy at a time when doing so came with personal risks. His contributions to Oyo State and his commitment to the ideals he believed in remain important parts of our political history,” Oseni said.

The APC chieftain further recalled that Lam Adesina governed Oyo State between 1999 and 2003, with attention to education, healthcare, rural development and rural electrification. He noted that the former governor’s experience as an educationist was reflected in his interest in expanding educational opportunities and improving the lives of the people.

He added that the late governor’s  popular nickname, Ore Mekunnu, meaning friend of the common people, reflected his association with ordinary citizens. According to Oseni, the name remains a reminder that public office should be about serving the people and addressing their needs.

The APC Senatorial candidate noted that the annual remembrance of the late governor should provide an opportunity for political leaders to reflect on the responsibilities of leadership and the values that should guide public service. He stressed that remembering past leaders should go beyond ceremonies and tributes, adding that their contributions should serve as lessons for those currently entrusted with public responsibilities.

“Fourteen years after his passing, we should continue to remember Lam Adesina for what he stood for. His commitment to democracy, education and the welfare of the people should remind us that public office is a trust. Those of us in positions of responsibility must remain conscious of the people we serve and the legacy we hope to leave behind,” he added.

Oseni extended his thoughts to the family, political associates and admirers of the late governor, as well as the people of Oyo State. He prayed that Almighty Allah would grant his soul eternal rest, noting that his contributions to the state’s political development and Nigeria’s democratic journey remained worthy of recognition.

 

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Alli hails Arapaja at 68, calls him pride of Oyo

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The governorship candidate of the All Progressives Congress in Oyo State, Senator Sharafadeen Alli, has described former Deputy Governor Taofeek Arapaja as a brave citizen and a source of pride to the state as he marks his 68th birthday.

Alli, in a birthday message personally signed on Tuesday, praised Arapaja for his contributions to democracy, public service and good governance, describing him as a statesman whose impact on Oyo State and the country remained significant.

He said the former deputy governor had distinguished himself in various public offices through courage, loyalty, wisdom and commitment to the welfare of the people.

Alli also described Arapaja as a rare gift to Oyo State, Nigeria and humanity, noting that his record of service reflected his dedication to leadership and nation-building.

He traced Arapaja’s political journey from his tenure as chairman of Ibadan South-East Local Government to his election into the House of Representatives and subsequent appointment as deputy governor of Oyo State between 2007 and 2011 under the late Governor Adebayo Alao-Akala.

The APC governorship candidate also recalled Arapaja’s diplomatic service as Nigeria’s ambassador to Iran and later Jordan, where he served until 2015.

According to Alli, Arapaja has excelled as a family man, politician, public administrator and diplomat, earning respect through his conduct and commitment to public service.

“Ambassador Arapaja has excelled as a family man, a politician, a public administrator, a diplomat and as a patriot. In every assignment, he has demonstrated the courage to speak the truth, the commitment to serve and the passion to lift others,” he said.

Alli further described the celebrant as a bridge-builder and political mobiliser whose experience and political sagacity had continued to shape the state’s political landscape.

He added that Arapaja had remained consistent in leadership, character and service, noting that his contributions deserved recognition.
While wishing him many more years,

Alli prayed for good health, long life and renewed strength for the former deputy governor to continue contributing to the development of Oyo State and Nigeria.

“As you add another year today, I celebrate the enigma, the bridge-builder and the mobiliser. Happy 68th birthday, Your Excellency. Oyo State is proud of you,” he added.

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