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Nigerian Breweries Speaks On Plans Of Leaving Nigeria Amidst Economic Hardship

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Nigerian Breweries Plc has revealed that it has no intention of leaving the Nigerian market, despite the current economic hardship.

This was gathered during a media parley held on Thursday, 22nd February 2024 in Lagos.

Speaking at the event, the Head of Media and Marketing, Wasiu Abiola said; “We have been here for over 77 years, we have no plans to exit Nigeria”.

Reacting to the price increase of drinks, Abiola said the company is a part of the economy and faces the same challenges others are facing, thus the price review is necessitated to sustain the company.

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Nigerian Breweries Speaks On Plans Of Leaving Nigeria Amidst Economic Hardship

Abiola further disclosed that despite the economic challenges, the company is still having innovation at the core of its being, adding that the company will soon launch products and campaigns to keep its customers satisfied.

Responding to the question of reduction in the quality of their product due to the economic challenges, Innovation Manager, Obinna Aneke assured that the company will retain its standard quality irrespective as the consumers’ satisfaction is their utmost priority.

Finally, Marketing Expert, Elohor Olumide-Awe said the company is dedicated to giving back to the society through various initiatives such as the Maltina Teacher of the Year Award which would be a decade this year.

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They hinted that the Tenth Anniversary of the Teacher of the Year Award will be done in grandstyle.

Meanwhile, recall that Nigerian Breweries Plc has issued a new price review notification to all its customers in the West Zone.

According to a letter dated February 12, 2024, the price review, effective February 19, 2024, is deemed necessary to offset the impact of increased production expenses.

“This is to inform you that we are constrained to review the prices of some of our SKUs with effect from Monday, February 19, 2024.

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“This review has become necessary because of continued rising input costs and the need to mitigate the impact,” the statement read.

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Aso Rock in darkness as vandals steal TCN cable

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Some parts of the Presidential Villa, popularly known as Aso Rock were yesterday (Friday) thrown into darkness as vandals carted away the Transmission Company of Nigeria (TCN) 132kva underground cables.

The General Manager, Public Affairs, TCN, Ndidi Mbah, confirmed that the attack affected 60 per cent of power supply to Abuja as the vandals carted away 40 meters of 1×500mm2 XLPE conductors on the 2 numbers 132kva transmission lines.

According to her, the attacks also affected some other parts of Abuja which included; Maitama, Wuse, Jabi, Lifecamp, Asokoro, Utako, and Mabushi.

The vandalised 132kV transmission line and underground cable supplies bulk power to the Central Area transmission substation in Katampe, Abuja.

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She said the incident impacted eight distribution feeders supplying the Central Area, Abuja.

Mbah expressed concern over the ongoing issue of cable vandalism, which continues to disrupt power delivery nationwide.

She further emphasised that TCN has already dispatched a team of engineers to promptly restore power to the affected areas.

“The vandalism of this critical infrastructure is suspected to have occurred near the Menillum Park axis of Abuja,” she stated.

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Mbah therefore appealed to residents in the affected areas to remain patient while efforts to repair the damaged cables are underway.

She also called on Nigerians to stay vigilant and protect transmission equipment to prevent further incidents of vandalism.

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Kalu Leads House Delegation to Ogun for Condolence Visit

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…eulogizes late Onanuga, ex-speaker Bankole’s mother

By Gloria Ikibah

Deputy Speaker of the House of Representatives, Rep. Benjamin Okezie Kalu, CON, has described the late Deputy Chief Whip, Rt. Hon. Adewunmi Oriyomi Onanuga, as an irreplaceable parliamentarian known for her vocal nature and friendly disposition.

Leading a delegation on behalf of the Speaker, Rep. Tajudeen Abbas, Kalu visited Sagamu, Ogun State, on a condolence mission to the late Onanuga’s family.

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Addressing the bereaved, he praised her dedication and influence, noting her unique presence in plenary sessions and unwavering support for her colleagues.

Kalu consoled her mother, Chief Mrs. Comfort Folashade Etutu, and her children, urging them to trust in God for comfort and strength. He assured the family of the House’s continued support and prayed against further untimely deaths in the household.

Earlier, Kalu led the delegation to Abeokuta for the fidau prayers of the late Mrs. Monsurat Atinuke Bankole, mother of former House Speaker Rt. Hon. Dimeji Bankole.

He lauded her sacrifices, which contributed to the success of her children, including the former Speaker’s contributions to the National Assembly.

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N800bn Inadequate for Nigeria’s Road Projects, Minister Umahi Tell Lawmakers

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By Gloria Ikibah

The Minister of Works, Dave Umahi, has described the N800 billion allocated to his ministry in the proposed 2025 budget as grossly insufficient to address Nigeria’s growing road infrastructure needs.

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Umahi stated this during the 2025 budget defence session held on Friday by the House Committee on Works, chaired by Rep. Akin Alabi.

Speaking candidly, Umahi called for an upward review of the ministry’s budgetary allocation, stressing that the current figure would barely make a dent in the nation’s road development agenda.

“We plead with you to help us. N800 billion cannot do anything for us. It cannot address our road needs, and so we plead with you to help us,” the Minister told the lawmakers.

Umahi who emphasised the importance of adequate funding to complete ongoing projects and initiate critical new ones across the country, also stressed that borrowing was a necessary step to bridge the infrastructure gap and stimulate economic growth.

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The Minister underscored the potential economic impact of infrastructure development, stating that it would create jobs and boost local economies.

“When the nation is in recession, you have to borrow money and invest in infrastructure. That is how you emerge from a recession. Infrastructure is a catalyst for economic activities, and this hunger we talk about will become a thing of the past,” he explained.

“Food sellers, sand suppliers, gravel workers, and others will benefit. Support Mr. President, and let’s borrow money to build infrastructure so Nigeria can be great again,” he added.

In response, Chairman of the Committee, assured Umahi that the committee would summon the Minister of Finance and the Head of the Budget Office to clarify the rationale behind the ministry’s limited allocation.

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The session also provided an opportunity for the Minister to address lawmakers’ concerns about the state of roads nationwide, with assurances that the government remains committed to completing ongoing projects.

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