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Ambode Hails Longrich for Siting Manufacturing Plant in Lagos

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Gov. Akinwunmi Ambode of Lagos State on Sunday said his administration had performed well.

NAN reports that the outgoing Lagos helmsman spoke at the pre-launch of a $50 million manufacturing plant in the Lekki Free Zone, belonging to Longrich, a Chinese firm.

He said that the facility was another success story of the efforts of the government in attracting investment and an eloquent confirmation of the strategic importance of the free trade zone to the state’s economy.

Ambode noted that no less than 25 companies had set up their manufacturing plants within the zone, saying that it was indeed gratifying that the efforts to drive investments were yielding positive results.

Ambode said that the most important thing to him was that whether in government or outside of government, factories were springing up in the zone, thereby creating job opportunities for the people and improving the economy of the state.

According to the Governor, one of the most fulfilling feelings in life was to see one’s efforts yielding positive results.

Ambode said: ”It gives me immense satisfaction to be here today to witness this pre-launch of Longrich Nigeria Manufacturing Plant to be located in the Lekki Free Zone in Lagos State, Nigeria.

”At the inception of this administration, one of our core focus areas was attracting investments to our state; to create employment opportunities for our people and wealth for our investors.

”Today’s event is one of those crowning moments that confirm that our efforts have been rewarded.”

He commended Longrich Group of Companies for the decision to site the $50million factory in Lagos of all the cities and countries in Africa, saying the state and the country stand to benefit immensely from the investment.

”I have been informed that this Lekki Longrich facility, upon completion, will not only be the hub for the distribution of the products to the African sub-region but will provide employment for at least 1,000 new workers in our state.

”It will boost the nation’s foreign exchange earnings from exportation of manufactured products to other African countries.

”If we go by the success story of Longrich in China and the company’s track record, there is no doubt that Longrich Nigeria will be modelled after the world class LONGLIQI Bio-Industrial Park in China which covers an area of more than 133 hectares and serves as location of LONGLIQI Bio-Science Co., Ltd,” Ambode said.

While describing the firm as a global brand with a range of top class quality products and unique business model, the governor lauded the fact that Longrich had created wealth for over 500,000 people.

These people, he added, were trading in more than 30 brands of the company, with the majority of the traders residing in the state.

Ambode assured the people that the state government would continue to play its role as business enablers, especially by providing the necessary infrastructure and services required to support all investors and businesses who decide to make Lagos their home.

”Our administration has embarked on massive and ambitious projects. We have introduced public sector reforms and policies aimed at making it easier to do business in our state.

”Our governmental institutions like the Ministry of Commerce, Industry and Cooperatives, Office of Public Private Partnership and Office of Overseas Affairs and Investment are more than ever before, in the fore front of providing an enabling business environment for local and foreign investments to thrive.

These are just a few indicators to assure you of our commitment to securing not just Longrich’s investment in the South-West quadrant of Lekki Free Zone but to secure and attract more investments to our state,” he said.

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UBA Takes Centre Stage at 2024 ECOWAS Mining Forum in Cotonou As Elumelu Gives Keynote Address

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Africa’s Global Bank, United Bank for Africa (UBA) Plc, has been announced as the official sponsor of the 4th edition of the ECOWAS Mining and Petroleum Forum (ECOMOF 2024) scheduled to take place at the Palais des Congrès in Cotonou, Benin from February 22 to February 24, 2024.

The regional event is expected to see a large gathering of key players and stakeholders in the mining and petroleum sectors of the Economic Community of West African States (ECOWAS) and as the financial institution of choice, with presence in 20 African countries and active involvement in major continental development projects, UBA is the preferred partner for the event, underlining the bank’s commitment to the growth of mining and Petroleum industry in the sub-region but to the whole not African economic development.

UBA Group Chairman, Tony Elumelu, would give the keynote address during the opening ceremony of this all-important event.

Elumelu who doubles as Chairman of Transcorp Group, with extensive interests in energy and power, will be speaking on the theme: “Geo-extractive Resources and Technologies: what pooling strategies for Value Creation in West Africa”

His speech is expected to highlight UBA’s increasing effort to support and develop the African continent through strategic investments in the key sectors of mining and petroleum.

Under the esteemed leadership of the President of the Republic of Benin, His Excellency, Patrice Talon, and the President of the Federal Republic of Nigeria and current President of ECOWAS, His Excellency Mr. Bola Tinubu, UBA Group will at the forum aim to restate its commitment towards supporting economic and social development across the continent.

The focus of ECOMOF 2024 underscores the significance of transforming the mining and oil sectors into economic pillars by formulating attractive policies for investors, essential for the sectors’ substantial contribution to the Gross Domestic Products (GDP) of ECOWAS member states.

The Transnational Corporation Group (Transcorp Plc) – a diversified conglomerate with strategic investments in various sectors, including power and energy – will also actively participate in the forum.

Key officials from UBA Group and Transcorp Plc, including the Chief Executive Officer UBA Africa, Abiola Bawuah; UBA’s Group Head, Corporate and Energy Bank, Ebele Ogbue, and President/ Chief Executive Officer, Transcorp Group, Owen Omogiafo will be actively involved in discussions and panels on the sidelines of the event.

Anticipated to attract over 2,000 participants from diverse sectors, including representatives from mining and oil industries, government officials, international and national investors, industry experts, ECOWAS delegates, and international organizations, ECOMOF 2024 promises to be a significant platform for collaborative dialogue and partnership building.

United Bank for Africa is one of the largest employers in the financial sector on the African continent, with 25,000 employees’ group wide and serving over 35 million customers globally. Operating in 20 African countries and in the United Kingdom, the United States of America, France and the United Arab Emirates, UBA provides retail, commercial and institutional banking services, leading financial inclusion and implementing cutting edge technology.

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SME In A Box: Glo Unveils Niche Product to Boost Businesses

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Telecommunications firm, Globacom, has unveiled a niche product, ‘SME In A Box‘, to boost small and medium enterprise businesses in Nigeria.

Globacom disclosed in a press release that the product is an all-in-one bundle to connect, grow businesses and enhance productivity, saying it had continued to “evolve and adapt to changing business requirements by expanding and investing in areas of common interest and bringing latest solutions to support small and medium businesses across the country”.

Glo SME In A Box provides a set of bundled solutions for all the major communication and technology requirement of SMEs in the country. The product provides, among other benefits, professional website creation, customized Email setup and business tools (Social Media Integration, free social media advertising) as one bundle to customers. With this, SMEs can avoid engaging multiple partners to meet their needs. It is also bundled with voice and data bundles to enable the SMEs conduct business with ease.

The product’s affordability, said Glo, is to ensure small businesses benefit as it can be accessed for as low as N20,000 for a yearly package.

Globacom added that the product “is highly customizable and flexible to use because  it avails anyone with basic computer skills to establish online business presence and set up business-support tools within 30 minutes. It helps right from purchasing a domain to professional website creation, accounting payroll, CRM and inventory management”.

The company lamented that less than 5 percent of SMEs currently use Information Communication Technology (ICT) for their business operations or have a visible online presence. “Due to the low technology knowledge of most SME owners, they require a reliable partner to assist in introducing technology to their businesses, hence the introduction of the Glo SME In A Box”.

With Glo SME In A Box, the company noted, “customers can bring credibility and expand the reach of their businesses with the support of established business supporting tools and mediums. Glo SME In A Box is a complete bundle addressing the needs of growing and upcoming entrepreneurs through one single solution”.

The company urged businesses to log on to the dedicated website, https//www.glosmartbiz.com, for more information or call 121 for prepaid lines and 200 for postpaid lines.

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Cashtoken Promo: Glo Rewards Customers with N100m, Other Prizes

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Digital telecommunications solutions provider, Globacom, has launched another season of its recharge-based loyalty reward promo, ‘Glo Rewards- Cashtoken’.

According to the company, all old and prospective customers on the prepaid platforms are qualified to win in the promo.

To enroll for GloRewards, subscribers will dial *301*8# and start recharging to earn cashtokens. The assured cashback is N8, and they have a chance to win between N5,000 and N100m weekly in grand raffle draws. Every week, customers will also get a chance to win Gloworld Gift vouchers worth N10,000, Samsung A05 Phones and Samsung A54 smartphones,” a statement from Glo informed.

Winners that emerged in a previous edition of the promo include William Ubi, a Civil Engineering student of Cross River State University and Mohammed Tijani, a Kaduna-based farmer, who both won N200,000 and Anthony Iyemi, a Warri-based customer who won N100,000.

The company further disclosed in the press statement, which was released in Lagos,  that the new season of Rewards was unveiled to avail its subscribers and other Nigerians another opportunity to win cash prizes and other amazing items saying, “customers participating in the Rewards Program, just like in other seasons, will earn cashtokens on every N1000 cumulative recharge within a calendar month.”

Subscribers, according to the company will continue to earn and accumulate cashtokens as long as they meet the eligibility criteria. This means that there is no upper limit to accumulating cashtokens as all  cashtokens will be credited in a virtual wallet that is linked to the customer’s mobile.

“Customers will be able to view and redeem their cashtokens by dialing *6700# to purchase airtime/data, pay electricity bills, pay cable television bills or make other payments. They can also transfer their accumulated cashtokens to the bank and cash out the equivalent value”, the company added.

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