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Nigerian Breweries Speaks On Plans Of Leaving Nigeria Amidst Economic Hardship
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.
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.
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.
“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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The Federal Capital Territory(FCT), Minister of the Federal Capital Territory Administration (FCTA), Barr Nyesom Wike has moved to ensure that the cost of construction is reduced in the Territory.
By Kayode Sanni-Arewa
He took this position during an inspection tour to Zeberced Limited Quarry Saturday in Abuja which is the largest in the whole of West Africa.
Wike, who was amazed at the scale of operations, described it as a game-changer for the construction industry in the region.
He said: “It’s a factory right here in the FCT, and the Managing Director has always invited me to see the facility, which is the biggest quarry in West Africa. I had never been here before, but today, I’ve taken the opportunity to assess the environment and see firsthand the incredible work being done,” Wike remarked during his tour of the factory.
The minister’s visit comes amidst rising construction costs in the capital city.
Wike stressed that the abundant availability of raw materials within the FCT should, in fact, lower construction expenses, particularly when it comes to aggregates used in building roads and infrastructure
He stated, “That shows that ordinarily, the cost of construction ought not to be very expensive, particularly in the FCT. Apart from the equipment that is imported, the raw material is available here. I wonder why contractors should be talking about the high cost of aggregates as if these materials are imported they’re made right here.”
With over 800 workers directly employed at the quarry, Wike commended the company’s contribution to job creation and local economic growth.
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He further revealed that the same company is spearheading the development of an industrial park at Idu, a project the FCT Administration is fully supporting.
“I sent out a letter to the Ministry of Finance just yesterday to facilitate some tax credits, which will enable them to carry out the expansion of a single-carriage road to a double-carriage way, a project currently being handled by Salini Construction Company. We’re giving them all the necessary support to make this a reality,” Wike added.
The minister, visibly impressed by the quarry’s operations, expressed some concerns about the environmental impact but was reassured that all assessments were up to standard. “My only concern was the environmental impact assessments, but I’ve been assured that everything is in compliance. I’m very impressed with what I’ve seen here.”
Wike’s visit underscores the FCT Administration’s focus on driving industrial growth while encouraging local manufacturing to support infrastructure development.
With local resources available, he emphasized the need for contractors to re-evaluate pricing structures, particularly in the FCT, to reflect the advantages of sourcing materials locally.
Wike’s endorsement of the quarry and the upcoming industrial park at Idu marks a step towards a more sustainable and cost-efficient approach to construction in the capital, aligning with President Bola Tinubu’s administration’s vision for economic growth and infrastructural development.
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Pastor Adeboye narrates how a scammer promised to make him commandant
By Kayode Sanni-Arewa
The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has narrated how his ambition to lead a paramilitary group led to a massive scam.
He recalled an incident from years ago when he was deceived by someone claiming to offer him a prestigious position.
He said the man, who presented himself as a recruiter for a new paramilitary agency, convinced him to invest in the venture.
The clergy revealed this in a post on his X handle on Monday.
Describing his decision to trust the man as a lapse in judgment influenced by his past fascination with the military, Adeboye admitted that his desire to fulfil this role led him to act prematurely.
He narrated, “Years ago, I was duped by a man who promised to make me a commandant of a paramilitary group. This man had been sending messages to me through my secretary for a while, and so, one day, I gave him an audience. He explained to me how a Boy-Scouts-like group had evolved into this new agency, and that he was sourcing for who would lead the group spiritually.
“Normally, I ask God before getting involved in anything at all, but this time, my love for the military in my younger days beclouded my best instincts, and I agreed to be their head. He told me that they needed some funding, which I gave as the prospective head. However, I later found out that the man was a fake.”
He, however, noted that the experience birthed the Redemption City corps and a local police post.
“My desire to be part of a paramilitary group made me run ahead of God, but God had already purposed for Redemption City to have its own corps of chaplains as well as a local Police post. He knew the desire of my heart, and He had planned for it to be fulfilled in His own time. I thought that I could bring my desire to fulfilment in my own time, but I was wrong. What I lost in that experience was money, but for someone else, it might have been their life or a loved one.
“However, I later found out that the man was a fake. My desire to be part of a paramilitary group made me run ahead of God, but God had already purposed for Redemption City to have its own corps of chaplains as well as a local Police post. He knew the desire of my heart, and He had planned for it to be fulfilled in His own time. I thought that I could bring my desire to fulfilment in my own time, but I was wrong. What I lost in that experience was money, but for someone else, it might have been their life or a loved one,” he added.
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