Connect with us

Business

Dangote Refinery Awards Scholarship to 460 Students in Host Communities

Published

on

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

JUST IN: NCAA grounds all Dana Air operations

Published

on

By

The Nigerian Civil Aviation Authority (NCAA) has suspended the operations of Dana Air, TheCable understands.

The directive followed the incident involving a Dana Air plane at Lagos airport on April 23, which forced aviation authorities to divert flights from local to international airport.

The suspension was approved by Festus Keyamo, the minister of aviation.

Continue Reading

Business

EFCC freezes over 300 accounts linked to illegal FX trading

Published

on

By

The Economic and Financial Crimes Commission (EFCC) has frozen over 300 accounts linked to illicit foreign exchange (FX) trading.

Speaking in Abuja on Tuesday, Ola Olukoyede, EFCC’s chairman, said the agency secured a court order to freeze the accounts.

“We got an order to freeze those accounts imagine what would have happened if we didn’t seize those accounts,” he said.

“There are people in this country doing worse than Binance,” he said.

Olukoyede said over $15 billion passed through one of the platforms in the last year, which was not regulated by financial regulators.

The development comes a day after Kenya’s police service reportedly arrested Nadeem Anjarwalla, the Binance regional manager for Africa.

On March 22, Anjarwalla escaped from an Abuja guest house where he and Tigran Gambaryan, his colleague, had been kept by the federal government.

Anjarwalla was said to have escaped after guards led him to a nearby mosque for prayers during the Ramadan fast.

Anjarwalla and Gambaryan were charged with tax evasion and money laundering by the federal government. The duo were arrested and detained on February 28.

On February 27, 2024, Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), said $26 billion passed through Binance Nigeria from unidentified sources in one year.

Cardoso said the apex bank was collaborating with different agencies, including the EFCC, the police, and the office of the national security adviser (NSA) to tackle illicit financial flows in the country.

Continue Reading

Business

Dangote refinery slashes diesel price to N940 per litre

Published

on

By

Dangote Petroleum Refinery has announced another reduction in the prices of both diesel and aviation fuel to N940 and N980 per litre, respectively.

The development comes days after the refinery reduced diesel price to N1,000 per litre.

In a statement on Tuesday, the refinery said the price change of N940 is applicable to customers buying five million litres or more from the refinery, while those purchasing one million litres or more will pay N970.

According to the company, this marks the third major reduction in diesel price “in less than three weeks when the product sold at N1,700 to N1,200 and also a further reduction to N1,000 and now N940 for diesel and N980 for aviation fuel per litre”.

Speaking on the new development, Anthony Chiejina, head of communication, Dangote Group, said the new price is in tandem with the company’s commitment to alleviating the effect of economic hardship in Nigeria.

“I can confirm to you that Dangote Petroleum Refinery has entered a strategic partnership with MRS Oil and Gas stations, to ensure that consumers get to buy fuel at affordable price, in all their stations be it Lagos or Maiduguri,” he said.

“You can buy as low as 1 litre of diesel at N1,050 and aviation fuel at N980 at all major airports where MRS operates.”

He added that the partnership will be extended to other major oil marketers.

“The essence of this is to ensure that retail buyers do not buy at exorbitant prices,” he said.

“The Dangote Group is committed to ensuring that Nigerians have a better welfare and as such, we are happy to announce this new prices and hope that it would go a long way to cushion the effect of economic challenges in the country.”

Reacting to the latest development, Ajayi Kadiri, director-general of the Manufacturers Association of Nigeria (MAN), said the decision “to first crash the price from about N1,750/litre to N1,200/litre, N1,000/litre and now N940 is an eloquent demonstration of the capacity of local industries to positively impact the fortunes of the national economy”.

“The trickledown effect of this singular intervention promises to change the dynamics in the energy cost equation of the country, in the midst of inadequate and rising cost of electricity,” Kadiri said.

He said the reduction will ease the high inflation rate in the country, and have far-reaching impact on critical sectors like industrial operations, transportation, logistics, and agriculture.

Kadiri added that companies will be back in operation due to the price reduction.

Continue Reading

Bodex F. Hungbo, SPMIIM is a multiple award-winning Nigerian Digital Media Practitioner, Digital Strategist, PR consultant, Brand and Event Expert, Tv Presenter, Tier-A Blogger/Influencer, and a top cobbler in Nigeria.

She has widespread experiences across different professions and skills, which includes experiences in; Marketing, Media, Broadcasting, Brand and Event Management, Administration and Management with prior stints at MTN, NAPIMS-NNPC, GLOBAL FLEET OIL AND GAS, LTV, Silverbird and a host of others

Most Read...