Business
Dangote Refinery Awards Scholarship to 460 Students in Host Communities
As part of its Corporate Social Responsibility (CSR) programmes, Dangote Petroleum Refinery and Dangote Fertiliser Limited have awarded scholarships to 460 students of secondary schools and tertiary institutions from its host communities in Ibeju Lekki, Lagos State.
The company said the scholarship had become an annual event meant to contribute to the educational development of the people and position them rightly in the scheme of things in Lagos State and Nigeria in general.
The scholarships were presented to 443 secondary school students and 17 tertiary institution students from its host communities around Ibeju-Lekki.
Group Executive Director, Strategy, Capital Projects and Portfolio Development, Dangote Group, Mr. Devakumar Edwin, presented the scholarships to beneficiaries yesterday at an event attended by traditional rulers and government officials in Lagos State.
Edwin said the Dangote Group believes that education is the passport to the future and that an investment in knowledge yields the greatest dividends for mankind.
He said the company had over the years supported the Nigerian educational sector by instituting scholarship award programmes.
According to him, this is part of the company’s education intervention initiative for indigenous students of host communities impacted by its businesses.
He stated: “In 2019, we executed a pilot of the scholarship programme where 51 secondary school students from our 15 host communities here in Ibeju Lekki were awarded.
However, we could not hold the second edition in the year 2020 due to the incidence of COVID -19 and its associated effects not only on businesses but on every household.
“In 2021, 118 secondary school students and 19 tertiary institution students from our host
communities were awarded the scholarship award and after a rigorous screening process
this year, 443 secondary school students and 17 tertiary institution students have qualified
for the scholarship award.”
While congratulating the beneficiaries, he enjoined them to continue to work hard at their studies, strive to achieve excellence in all that they do, and never stop giving their best.
“Your achievements are a testament to your determination, perseverance, and commitment to excellence, and we are honoured to celebrate your success with you today”, he added.
Edwin encouraged the awardees to make the most of the opportunities and to always strive for excellence.
“Remember that your education is a gift, and it is up to you to make the most of it. Take advantage of every opportunity to learn and
grow, and do not be afraid to take risks.
We are proud to support your education and future endeavors, and we look forward to
seeing all that you will accomplish in the years ahead. Congratulations again to all our
scholars.”
“With the continuous support of the people and the Lagos State Government, we shall not relent in our efforts to be socially accountable while we positively impact our host communities.
We look forward to a continuous peaceful and rewarding relationship with our host communities in Ibeju Lekki,” Edwin said.
On his part, the traditional ruler of Lekki, Onilekki of Lekki Land, Oba (King) Liasim Ogunbekun said that the programme was a blessing to the community and gave kudos to the Dangote Group.
“We appreciate Dangote Group because this is not their first time but their third scholarship edition to the host communities in Ibeju Lekki.
“I urge the beneficiaries to put in more effort in their academic pursuit and justify the amount being paid for the scholarship.
“We thank the Dangote Group because a lot of improvement have been recorded in the lives of the participants,” Ogunbekun said.
One of the beneficiary of the City & Guilds Engineering training programme, Raheem Olukayode thanked Dangote Group for the opportunity to study, become an engineer and impact positively to the society.
“The training has been beneficiary because it supports the less privilege who are interested in furthering their education achieve their dreams in spite of financial challenges.
“The programme is simply going to positively affect the development of Ibeju-Lekki in future because we are going to have more engineers emerging from this area.
“We were told that after level three training, the best of us will be given job opportunity to work with Dangote Group so we are encouraged to give our best to win the slot,” Olukayode said.
Also, the Head Girl of Community Senior High School, Magbon Segun, Ibeju Lekki, Sano Omolere said that the scholarship had assisted their parents in supporting their education.
“For instance, some students have relented in their effort to further in their education because of lack of money.
“However, this scholarship has supported our parents provide us with school fees and books that have encouraged a lot of us to do better in class,” the head girl said.
Business
Nigeria’s GDP rate grew by 3.46% in Q3 2024, says NBS
The National Bureau of Statistics (NBS) says Nigeria’s annual gross domestic product (GDP) grew by 3.46 percent in the third quarter (Q3) of 2024.
The NBS, in its GDP report published on Monday, said the growth rate is higher than the 3.19 percent recorded in Q2 2024.
Business
Dangote refinery reduces ex-depot price of petrol to N970 for oil marketers
The Dangote Petroleum Refinery has announced a reduction in its ex-depot price of premium motor spirit (PMS), also known as petrol, to N970 per litre for oil marketers.
This is a cut from the refinery’s N990 ex-depot price announced earlier this month, according to a statement on Sunday.
The slash would help marketers save about N20 on each litre of petrol bought from the Lekki-based plant.
Anthony Chiejina, Dangote Group’s chief branding and communications officer, said the move is the refinery’s way of appreciating Nigerians “for their unwavering support in making the refinery a dream come true”.
“In addition, this is to thank the government for their support as this will complement the measures put in place to encourage domestic enterprise for our collective well-being,” the statement reads.
“While the refinery would not compromise on the quality of its petroleum products, we assure you of best quality products that are environmentally friendly and sustainable.
“We are determined to keep ramping up production to meet and surpass our domestic fuel consumption; thus, dispelling any fear of a shortfall in supply.”
Business
Allegation of missing fund untrue, says Access Bank
Access Bank Limited has dismissed as untrue allegations of missing fund and unethical behaviour.
The Bank in a statement said: “Our attention has been drawn to a video on social media wherein allegations of missing funds and unethical behaviour have been made against Access Bank PLC.
“First and foremost, we wish to emphasise that the safety and security of our customers’ funds are core priorities which we take seriously. Second, Access Bank Plc does not engage in or condone any unethical behaviour.
“In the instant case, the allegations of missing funds in the Bank are most untrue and baseless.
“There is no N500million or any other fund or amount missing from the subject customer’s account or from any other customer’s account with us.
“We and other independent stakeholders in the banking industry have thoroughly investigated these allegations and independently arrived at the same conclusions.
“Access Bank PLC operates with the highest ethical standards, and we protect our customers’ interests whilst also respecting privacy laws.
“Consequently, whilst we have engaged and will continue to engage with our customers, we must advise the public not to rely on or believe sensational and unverified claims that are designed to titillate and mislead the public.
“We remain committed to serving our customers.”
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