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Coca-Cola’s RESWAYE Project Ends With 159,000KG Of Plastic Waste Recovered

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The Recycling Scheme for Women and Youth Empowerment (RESWAYE) project, an environmental sustainability and women empowerment initiative, sponsored by The Coca-Cola Foundation, has come to an end.

The project, executed by implementing partners, the Mental and Environmental Development Initiative for Children (MEDIC), to drive environmental protection, marine conservation, and women empowerment, concluded with a closing ceremony at Ibeju Lekki on Friday, May 21, 2021.

Present at the event were key government dignitaries, community leaders, and Coca-Cola representatives including Nwamaka Onyemelukwe, Director, Public Affairs, Communications & Sustainability, Coca-Cola Nigeria Limited, Ifeyinwa Ejindu, Communications Manager, Coca-Cola Nigeria Limited, Doyinsola Ogunye, Founder, MEDIC; Barr. Mrs Rhoda Ogunye, Trustee, MEDIC; Chief (Honourable) Olalekan Bakare, Secretary to the Apapa Local Government Council and Chairman of the body of secretaries to Local Govts and LCDAs in Lagos (Scribes57); Chief Tajudeen Adams, Baale Of Igbolomi and Chairman of Baales, Ibeju-Lekki LCDA; Honourable Tosin Osunnuga, Secretary to the Local Government, Lekki LCDA; Honourable Semiu Waliu, Secretary to the Local Government Council, Ibeju Lekki; and Ogunlana Olaseni, Head, Recycling, Lekki Free Trade Zone, East District 2, Lagos State Waste Management Authority (LAWMA).

Launched in 2020, the RESWAYE project was developed following concerns around Nigeria’s increasingly polluted shorelines and coastal lines as Nigeria is reported to generate 32 million tonnes of plastic waste every year with the majority ending up in landfills, beaches, and other water bodies.

Through the initiative, Coca-Cola sought to tackle this challenge while ensuring women’s economic empowerment within the target communities. As a result, the initiative was incentivised, providing low-income communities in the Ibeju Lekki area with an opportunity to earn an income while ensuring marine and environmental conservation.

After 18 months of enlisting women and young people in the plastic buy-back scheme across 16 coastal communities in Ibeju Lekki, the project recorded impressive numbers at its conclusion with over 150,000kg of plastic waste reportedly removed from the coastal and shorelines; over 2000 women and youth empowered economically, and 2,124 households impacted – resulting in over 13,000 direct and indirect beneficiaries.

Speaking at the event, Nwamaka Onyemelukwe, Director, Public Affairs, Communications & Sustainability, Coca-Cola Nigeria Limited, lauded the initiative and emphasised the need for corporations to scale up efforts to alleviate the country’s burgeoning plastic waste problem.

“At Coca-Cola, we are aware of the devastating implications of climate change on our environment, health and economy at large. The RESWAYE project was developed to combat this looming problem, and I am pleased with what we have achieved over the past 18 months. By partnering with credible NGOs such as MEDIC, we developed an effective recycling system that met the unique needs of the Ibeju Lekki communities, making recycling more accessible to everyone while also ensuring the economic empowerment of women and youths”. She stated.

Doyinsola Ogunye, founder of MEDIC added, “Seeing the impact we have made in these communities through our network of women and youth recyclers over the past 18 months have been deeply fulfilling. Through Coca-Cola’s support, we have ensured the economic empowerment of women, looked after communities, and cleared an inordinate amount of plastic waste from the oceans even in the turbulent times experienced last year”.

The Secretary to the Local Government Lekki LGA, Chief (Honourable) Olalekan Bakare, also lauded the initiative, commending Coca-Cola for “devising a creative solution to our community’s waste problem” and urged more corporate bodies to do more.

The RESWAYE project is in line with Coca-Cola’s “World Without Waste” mandate which fosters collaboration with multiple stakeholders, including partners, governments, and civil society organisations like MEDIC, to foster continued leadership in reducing its carbon footprint. By 2030, Coca-Cola also aims to help collect and recycle a bottle or can for every one sold by the company.

According to Nwamaka, Coca-Cola will continue to work with communities to better understand their recycling and collection challenges while engendering a recycling culture amongst residents.

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Seplat Energy Unveils Ambitious Drilling Program for 2024, Aims for 13 New Wells

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seplate to announce financial results on July 29, 2020

Seplat Energy, one of Nigeria’s prominent energy companies, has set its sights on an ambitious drilling program for 2024, with plans to deliver 13 new oil and gas wells across its operated and non-operated assets.

This announcement comes as part of the company’s unaudited results for the first quarter ending March 31, 2024.

The breakdown of the new wells reveals a strategic focus, with 11 dedicated to oil production and 2 aimed at gas production.

Seplat Energy highlights the successful commencement of its drilling program by delivering one well, Ovhor21, in the first quarter of 2024.

Also, two wells, Okporhuru-9 and Sapele-37, which were initiated towards the end of 2023, have been completed.

Both Okporhuru-9 and Sapele-37 have yielded promising results. Okporhuru-9 has discovered multiple hydrocarbon-bearing intervals in deeper formations, while Sapele-37 encountered hydrocarbons in deeper reservoirs, along with proving up a northern extension to the Sapele field.

Seplat Energy is now conducting further technical analysis to assess the commercial potential of these discoveries and the wider implications for OML 41.

Looking ahead, Seplat Energy is committed to delivering the remaining 12 wells on the 2024 drilling plan.

Three wells, namely Ovhor-22, Sapele-38, and OBEN KIKB-02, are expected to be completed during the second quarter, with the aim of supporting production volumes later in the year.

Roger Brown, the Chief Executive Officer of Seplat Energy, expressed optimism about the discoveries, emphasizing the promising initial results and highlighting the quality of Nigeria’s geological resources.

He also acknowledged the progressive actions taken by President Tinubu and industry regulators to support the energy sector.

Furthermore, Seplat Energy has made strides in enhancing its operational efficiency and shareholder value.

The company has released the applicable exchange rate for determining its final and special dividend payout to shareholders who opt to receive their dividends in naira.

With an exchange rate of N1,309.88 per $1, shareholders can expect clarity and transparency in dividend payments.

Seplat Energy’s ambitious drilling program underscores its commitment to driving growth and innovation in Nigeria’s energy landscape while maintaining a strong focus on operational excellence and value creation for stakeholders.

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APM Terminals in Talks with Government for Terminal Upgrade in Apapa

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APM Terminals is engaging in discussions with the government for a significant upgrade at its Apapa terminal.

Keith Svendsen, the Chief Executive Officer of APM Terminals, disclosed the company’s ambitious plans aimed at accommodating vessels with deep drafts and large ship-to-shore cranes.

The upgrade is part of APM Terminals’ long-term vision to bolster import and export opportunities in the country, create employment, and diversify local opportunities.

Svendsen emphasized the importance of fortifying existing port infrastructure, especially in Lagos, to manage increasing trade volumes effectively.

“While greenfield terminals like Lekki and later on Badagry would support economic growth in the long run, the more urgent requirement is in our view to upgrade the existing port infrastructure,” Svendsen commented.

The proposed upgrades seek to facilitate smoother operations, providing seamless connectivity through road, rail, and barge networks to mainline shipping.

Svendsen highlighted the unique position of the Apapa port in offering access to international markets for Nigerian importers and exporters, leveraging not only road but also rail and waterways, utilizing barges.

APM Terminals has been a pivotal player in Nigeria’s maritime sector for close to two decades. The company’s commitment to the nation’s economic growth is underscored by its proposed investment of over $500 million, subject to a long-term partnership with the government.

The Apapa terminal is a vital gateway for trade, handling a significant portion of Nigeria’s container traffic.

Furthermore, APM Terminals’ operations in Lagos and Onne collectively manage about half of the containers in Nigeria, demonstrating their pivotal role in the country’s logistics landscape.

The proposed upgrades signify APM Terminals’ dedication to supporting Nigeria’s economic reforms and attracting international investments.

The company has already invested over $600 million since its inception in Nigeria in 2006, directly employing approximately 2,500 Nigerians and indirectly contributing to employment for about 65,000 individuals.

“At APM Terminals, we believe strongly in the prospects for the Nigerian economy and the long-term opportunities that the current economic reforms and invitation for international investments will generate,” Svendsen affirmed.

As talks between APM Terminals and the government progress, stakeholders are optimistic about the positive impact of the proposed terminal upgrades on Nigeria’s maritime sector and overall economic development.

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Uber Rolls Out Flex Pay Feature: Daily Earnings for Nigerian Drivers

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Uber has rolled out a feature in Nigeria that promises to revolutionize the way drivers receive their earnings.

Dubbed “Flex Pay,” this innovative initiative allows Uber drivers across the country to access their earnings daily, a significant departure from the previous weekly payment system.

The announcement came during a recent media briefing led by Tope Akinwumi, Uber Nigeria’s country manager.

Akinwumi expressed the company’s commitment to supporting its drivers by introducing Flex Pay, which aims to help drivers meet their financial obligations more promptly and efficiently.

With Flex Pay, drivers now have the flexibility to access their earnings directly through their mobile wallets on a daily basis.

This move is poised to bring about a host of benefits for drivers, offering them greater financial stability and control over their finances.

In addition to the introduction of Flex Pay, Uber also unveiled a set of new features designed to enhance the driver experience on the platform.

One such feature is the ability for drivers to see upfront details about a trip request, including the destination and expected fare.

This added transparency empowers drivers to make more informed decisions about which trips to accept, ultimately improving their overall experience on the platform.

Speaking about the new features, Akinwumi emphasized Uber’s commitment to prioritizing the needs and feedback of its driver-partners.

He highlighted the company’s ongoing efforts to innovate and develop solutions that enhance the driver experience and ensure their satisfaction with the platform.

“We are constantly listening to feedback from our driver-partners and striving to provide them with the tools and support they need to succeed,” said Akinwumi.

“The introduction of Flex Pay and other new features is a testament to our commitment to empowering our driver-partners and enhancing their experience on the Uber platform.”

The implementation of Flex Pay marks a significant milestone for Uber in Nigeria, demonstrating the company’s dedication to driving positive change and innovation in the ride-hailing industry.

As drivers begin to benefit from daily earnings and increased transparency, Uber is poised to strengthen its position as a leading provider of flexible earning opportunities in the country.

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