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Huawei, Access Bank, PHN Stake N50m on Health Scheme

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  • Huawei, Access Bank, PHN Stake N50m on Health Scheme

Huawei Technologies in collaboration with Access Bank Plc and Private Sector Health Alliance of Nigeria (PHN) has staked N50 million to support the drive for eradication of diseases in the country.

The move is part of efforts to complement Federal Government’s effort in achieving its malaria pre-elimination goals by 2020, tagged ‘Malaria-To-Zero’ initiative.

The donation, according to the company, is an innovative financing platform that seeks to galvanize private sector resources and capabilities for sustained support towards averting at least 1 million malaria cases and deaths in Nigeria.

The Managing Director and Chief Executive Officer, Access Bank Plc, Herbert Wigwe, said the platform would integrate existing and new initiatives on eradicating malaria, and thus build synergies that produce impact far greater than what could be attained with fragmented efforts.

“While understanding that malaria is a completely preventable and treatable life-threatening disease which is responsible for significant loss of lives, especially of women and children globally,” Wigwe noted.

He stressed: “Malaria claims more lives than HIV in Nigeria, not to talk of the impact in the entire workforce that we see on yearly basis. If we begin to quantify it, the entire private sector will appreciate the need for us to fight malaria to zero.”

Managing Director and Chief Executive Officer, Huawei Technologies, Frank Li, restated its commitment to promotion of health and education of new innovation.
Li, who spoke through the Head, Enterprise Sector, Ade Kehinde, expressed optimism on the ‘Malaria-To-Zero’ initiative, stating that its company would leverage on new technology to fight against malaria in the country.

Chief Executive Officer, PHN, Dr. Muntaqa Sadiq, noted that the initiative is significant to the theory of change, which targets the fundamental root cause of malaria disease.

“There are a number of areas that we have identified particularly around leveraging private sector capabilities to support the health system to avert malaria.

“What is different about the initiative is the fact that it would help to invest in facilitating manufacturing of insecticide treated nets, enhancing research and evidence base capacity, such that we have local capacity and local talents would solve our biggest healthcare challenges particularly around malaria”, he explained.

He added: “Also there are number of proven cost effective interventions that these resources can help to increase, which include indoor residual spraying, seasonal chemoprophylaxis and other proven interventions that we know will help to save lives.

Commissioner for Health, Lagos State, Dr. Jide Idris, commended the initiative, stating that the state government is willing to partner with private sector in achieving a malaria-free Lagos and consequently a malaria-free Nigeria.

Idris, who was represented by Director of Disease Control, Lagos Ministry of Health, Dr. Eniola Erinosho, said the state anticipates the assistance of private sector in driving social market and franchise to eliminate malaria.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

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FG Reopens Osubi Airport Warri for Daylight Operations

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FG Reopens Osubi Airport Warri for Daylight Operations

The Federal Government on Monday said the Osubi Airport in Warri has been reopened for daylight operations.

The Minister of Aviation, Hadi Siriki, disclosed this in a tweet.

The airport was closed in February 2020 over mismanagement and debt allegation involving aviation service providers and airport management.

However, Oberuakpefe Afe, a lawmaker representing Okpe/Sapeie/vaie federal constituency, recently moved a motion for the Federal Government through the ministry of aviation and relevant authorities to reopen the airport for flight operations.

On Monday, Hadi Siriki said “I have just approved the reopening of Osubi Airport Warri, for daylight operations in VFR conditions, subject to all procedures, practices and protocols, including COVID-19, strictly being observed. There will not be need for local approvals henceforth.

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Nigerian Brand, JR Farms Acquires 11% Stake in Rwandan Firm

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Nigerian Brand, JR Farms Acquires 11% Stake in Rwandan Firm

JR Firms, an agribusiness firm with headquarters in Nigeria, has announced partnership with Sanit Wing Rwanda through the acquisition of 11 per cent stake in the company.

The CEO of the company, Mr Rotimi Olawale, explained in a statement that the partnership was in furtherance of its goals to ensure food security, create decent jobs and raise the next generation of agrarian leaders in Africa.

The stake was acquired through Green Agribusiness Fund, an initiative of JR Farms designed to invest in youth-led agribusinesses across Africa.

Sanit Wing Rwanda is an agro-processing company that processes avocado oil and cosmetics that are natural, quality, affordable, reliable and viable.

The vision of the company is to become the leading producers of best quality avocado and avocado by-products in Africa by creating value across the avocado value chain.

With focus on bringing together over 20,000 professional Avocado farmers on board and planting of three million avocado trees by 2025 through contract farming, the company currently works with One Acre Fund in supply of avocado to its processing facility.

The products of the company which include avocado oil, skin care (SANTAVO), hair cream and soap are being sold locally and exported to regional market in Kenya.

With the new partnership with JR Farms- the products of the company will enjoy more access to markets focusing on Africa and the European Union by leveraging on partnerships and trade windows available.

Aside funding, the partnership comes with project support in areas of market exposure, capacity building, exposure and other thematic support to grow the business over the next four years.

JR Farms has agribusiness operations in Nigeria, Rwanda, United States and Zambia respectively.

In Nigeria, the company deals in cassava value chain processing cassava to national staple “garri” which is consumed by over 80 million Nigerians on daily basis, while in Rwanda, it works in the coffee value chain with over 4,000 coffee farmers spread across the East Central African country.

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Shut Down Depots Selling Petrol Above Approved Price – Marketers

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Shut Down Depots Selling Petrol Above Approved Price – Marketers

The Federal Government should close down depots that are selling petrol above the approved price, oil marketers said on Thursday.

National President, Independent Petroleum Marketers Association of Nigeria, Sanusi Fari, said the sale of petrol above government approved price by depot owners would soon lead to a hike in the commodity’s pump price.

Fari told journalists in Abuja that the government through its agencies such as the Department of State Services and the Department of Petroleum Resources should curb the development to avoid crisis in the downstream oil sector.

He said some private depot owners were selling at N165 per litre to independent marketers, way above the government stipulated price of N148 per litre.

Fari said, “Our challenge is the inconsistency in the pricing of petrol. Up till a week ago, government was still insisting that the February price for petrol remained unchanged.

“And most of the private depot owners are selling above the government stipulated price. As at today ( February 25, 2021) private depot owners are selling at N165 per litre to independent marketers.”

He added, “In the last six years, only NNPC imports refined products into this country and these tank farms buy their products from NNPC under a controlled price.

“This has affected our businesses seriously because government is insisting that we sell at the rate of N165, which is not going to work.”

The IPMAN president said filling station owners buy the product at N165 per litre from the private depots and incur other expenses such as transportation, rent, etc.

“So government cannot expect us to sell less than what we buy,” he said.

Fari added, “This is why we are calling on government and agencies that are saddled with the responsibility to control petrol pricing to urgently clamp down on depots that are selling above the stipulated price.”

The Nigerian National Petroleum Corporation, the country’s sole importer of patrol, recently stated that it never hiked the cost of petrol to depots.

It also enjoined the depot owners to sell the product at the approved rate and called on the DPR to enforce the stipulated price across the depots.

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