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FG Reopens Akanu Ibiam International Airport, Seeks Users Commitment

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FG Seeks Users’ Commitment as it Reopens Ibiam Airport

The Federal Government has urged Travellers from the south-east region to increase their commitment towards the Aviation sector as it reopened the Akanu Ibiam International Airport in Enugu.

This was disclosed by Hadi Sirika, the Minister of Aviation, who represented President Muhammadu Buhari at the reopening ceremony on Sunday.

It would be recalled that on August 24, 2019, FAAN shut down the operation of the Akanu Ibiam International Airport in response to the complaints of prominent people of the South East region, who called government attention to the deplorable state of the airport. They described it ‘as a death trap.’

The Federal Government through the Ministry of Aviation swung into action immediately and rehabilitated the airport to avoid a potential catastrophe.

Upon completion, Sirika urged the people in the region to increase their commitment by using the airport to the fullest of its capacity.

The Minister said “FAAN management has been given the mandate to ensure that periodic maintenance is carried out diligently so that we will not have to go through a painful experience of closure again. May I ask the government and people in this region to increase their commitment by using this airport to the fullest of its capacity? This airport will be placed in concession to ensure value for money.”

He said the rehabilitation of the airport had shown the president dedication towards the infrastructural development of the South-east.

Sirika explained that the airport has been upgraded to international standards and very soon international carriers would be landing and taking off passengers from there.

“With the airport reopening today, it is now open to local flights and on the 5th September, international flights will resume as soon as we begin to allow them into the country.

“In the next few days, most flights will commence. Ethiopian Airlines and
many other airlines that receive approval to come here will come here.” Sirika said.

He said it was the wishes of some stakeholders in the aviation industry to limit international flight services to only Lagos and Abuja airports, but he ensured that Enugu, Port Harcourt and Kano airports were upgraded for international operations to satisfy travellers from the regions.

“Stakeholders wanted us to only make Abuja and Lagos airport international airports and use smaller aircraft to ferry passengers to their locations. I am a policy maker and look at the haves and the have-nots. It will cost an average businessman about $1,000 to book hotel and board flights to come down to these airports from Lagos and Abuja. We will serve you where you are. I made sure Enugu airport meets all international standard that it requires,” Sirika said.

The minister applauded the efforts of the Enugu State government, NCAA and FAAN in ensuring that the rehabilitating of the airport was successful.

“I also thank the Nigeria Civil Aviation Authority (NCAA) for performing their duties and the Federal Airports Authority of Nigeria, (FAAN) for giving the project all the attention it deserves.
Sirika stated.

The airport is currently opened for daylight operations between 6:30 am to 7:00 pm.

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Arla Food To Set Up Dairy Farm In Nigeria, Train 1,000 Dairy Farmers

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Arla Foods- Investors King

Arla Foods, makers of Dano Milk, has announced that it will build a state-of-the-art commercial dairy farm in Northern Nigeria where it plans to train and support up to 1,000 local dairy farmers as part of its long-term commitment to developing the Nigerian dairy sector.

The 200-hectare farm, scheduled to open in 2022, will have housing for 400 dairy cows, modern milking parlours and technology, grasslands and living facilities for 25 employees.

The firm said the farm is expected to produce over 10 tonnes of milk per day to supply locally produced dairy products to Nigerian consumers.

Managing Director, Arla Foods, Peder Pedersen said “there was a great need for nutritious food and dairy products to satisfy the growing demand from Nigeria’s fast-growing population.”

“This requires a complementary approach where imported food is crucial to ensuring food security while also supporting the government’s long-term agricultural transformation plan to build a sustainable dairy sector in Nigeria,” Pedersen said.

In 2019 Arla scaled up its commitment to developing a sustainable dairy sector in Nigeria with a new public-private partnership with the Kaduna State government.

It is the first of its size and offers 1,000 nomadic dairy farmers permanent farmlands. Arla is the commercial partner that will purchase, collect, process and bring the local milk to market.

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The Board of Chemical and Allied Products Plc (CAP Plc) Appoints Vitus Ezinwa as a Non-Executive Director

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Chemical & Allied Products (CAP) Plc - Investors King

The Board of Chemical and Allied Products Plc (CAP Plc) has appointed Dr. Vitus Ezinwa as a Non-Executive Director of the company effective from Thursday June 17, 2021, subject to the approval of the Company’s shareholders at the next Annual General Meeting.

The company announced in a statement signed by Ayomipo Wey, Company Secretary/General Counsel, CAP Plc.

Dr. Ezinwa is a seasoned business manager and human resource professional with experience in leading multinational corporations.

He is currently the Chief Operating Officer (COO) of UAC of Nigeria Plc (“UACN”) and previously, the Group Director of HR at UACN.

Prior to Joining UACN, Dr. Ezinwa worked as Group Human Resources Director for Promasidor Africa; Human Resources Director, CocaCola Nigeria & Equatorial Africa with responsibility for 10 countries and Human Resources Director for British American Tobacco, West & Central Africa covering Ghana, Benin, Niger & Togo.

Dr. Ezinwa was, until recently, the Group Human Resource Director for Tropical General Investments (TGI) Group.

He is a member of the Advisory Board of Afterschool Graduate Development Centre, member of the Institute of Directors and a Fellow of the Chartered Institute of Personnel and Development (CIPD) UK.

He is a co-founder and Director of HR Network Africa and was until 2014, a member of the Lagos Business School’s Advisory Board. He holds a Bachelor’s degree in Sociology/Anthropology from the University of Nigeria, Nsukka, MBA in Management from Lagos Business School, a Master’s in applied business research and a Doctorate in Business Administration, both from Swiss Business School, Zurich, Switzerland.

In addition to holding an executive director role on the Board of UACN, Dr. Ezinwa is a non-executive director of Grand Cereals Limited.

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Business

DLM Capital Group Retains Position as Best Structured Finance & Securitization Team in West Africa

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Sonnie Ayere - Investors King

DLM Capital Group, a prominent Developmental investment bank, has once again emerged as the best-structured finance and securitization team in West Africa at the just concluded Capital Finance International (CFI) 2021 awards.

The leading developmental investment bank has won the award in the last three years to affirm its position as the leading investment institution and asset manager in the region.

CFI awards seek to identify the contributions of individuals and organizations that contribute significantly to the advancement of economies and truly add value for all stakeholders.

DLM Capital Group creates bespoke business solutions for alternative financing and harnessing funds for growth. The group focuses on four key sectors — consumer credit, agriculture, microfinance, and education with a mandate to reduce poverty and improve living conditions for Africans, while mobilizing resources for the continent’s economic and social development.

In the past three years, our portfolio management team’s performance has remained consistent, and our clients have benefited immensely from exposure to our solutions, including the NMRC securitization deal and the DLM Primero BRT Securitization,” said Head of Corporate Communications and Marketing, DLM Capital Group, Chinwendu Ohakpougwu.

We are positioned to provide services to an expansive client base of retail, high net-worth and institutional customers. DLM Capital Group remains committed to constantly providing financial solutions that will enable our clients make a difference, and we are honored to be recognized once again as a reflection of the quality of support offered to our clients’,’ she added.

DLM has won recognition in West African capital markets, acting as a sole arranger to over 80 percent of structured finance transactions in Nigeria — and all the securitization transactions. It provides deal structuring, advisory execution and capital raising services across the Nigerian capital market.

The Institution recently launched an asset financing scheme and is preparing a venture into digital banking under its subsidiary, Sofri.

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