Business
Sustainability: Nestlé Trains 750 Children, Begins Season 3
Nestlé Nigeria has trained over 750 children, beneficiaries of the Nestlé for Healthier Kids (N4HK) program in six primary schools in Ogun State and the Federal Capital Territory.
Now in its third season, Nestlé Sustainability Training for Kids is implemented in collaboration with the International Climate Change Development Initiative (ICCDI). The key objective is to enable children imbibe a sustainability mindset from an early age, thereby equipping them to become better stewards of the planet. The participating children are furnished with information on waste management, introduced to the conversion of waste to useful items, and are encouraged to adopt positive behavioral changes to enhance environmental sustainability.
In a statement announcing the start of the training at Sokoya Memorial Primary School, Sagamu, Ogun State, Victoria Uwadoka, the Corporate Communications and Public Affairs Manager of Nestlé Nigeria PLC said, “Equipping children with the right information to help them develop a sustainability mindset is a significant first step in ensuring more responsible management of waste in line with our shared vision of a waste free future.
“At Nestlé Nigeria, we are committed to protecting the environment for future generations. We are aware that children play a key role in achieving this objective. We are therefore delighted to collaborate with ICCDI, the Ogun State Ministry of Environment, Ogun State Rural Water Supply and Sanitation Agency, the FCT and Ogun State Universal Basic Education Boards on the Sustainability Training for Kids”, she added.
On his part, founder of the International Climate Change Development Initiative (ICCDI) said, “We are happy that more children are benefitting from this training. ICCDI will continue to do her part in ensuring that future generations are equipped with the requisite knowledge to enable them appreciate our planet and understand their responsibility and role towards protecting it”.
David Solarin, Director, Water Regulatory Enforcement and Advocacy, Ogun State Ministry of Environment who represented the Honorable Commissioner for the Ogun State Ministry of Environment said, “On behalf of the Honorable Commissioner and staff of the Ogun State Ministry of Environment, I applaud Nestlé Nigeria for this laudable initiative promoting sustainable environment-friendly practices within public primary schools in the state. The Ministry instituted the Environmental Management and Climate Change Club both in private and public secondary schools across the state in 2021, with the aim of raising environmentally conscious individuals who will become environment ambassadors for the state. We are glad that Nestlé is taking up this responsibility for the primary school space. The Ministry will continue to work with stakeholders especially the private sector, for a clean, safe and hygienic environment”.
To gain hands on experience, 50 children from Gadonasko Science Primary School and Dobi Primary School, both in Gwagwalada Abuja, visited Ecobarter, a sustainable waste management and solutions company on an excursion for further exposure on recycling, upcycling and more practical sessions.
Speaking on behalf of her classmates, Keziah Dabo, a primary 5 learner from Gadonasko Science Primary School, Gwagwalada said “We had an exciting time at Ecobarter, meeting the founder, Ms Rita and her team. It was an interesting experience to see the various stages of recycling, from the dropping point to separation and crushing, and then to the transformation! The part I really liked was the weaving loom where different materials like lunch boxes, shoes, bags and mats were made. We want to thank Nestlé and ICCDI for the opportunity to learn about recycling, reusing and reducing waste through the Sustainability Training and today’s Excursion to Ecobarter”.
Nestlé Sustainability Training for Kids, implemented in Nestlé for Healthier Kids (N4HK) beneficiary schools, is one of the initiatives from Nestlé Nigeria to support the company’s ambition of ensuring that none of its packaging, including plastics, ends up in landfills as littler, or in waterways, rivers or oceans. The annual training has reached over 2,000 children from fourteen of the N4HK beneficiary schools in Ogun State and the Federal Capital Territory since its inception in 2021.
Nestlé for Healthier Kids is a flagship initiative which aims to help 50 million children globally, lead healthier lives by 2030.
In Nigeria, N4HK incorporates a school-based nutrition education program, which helps children imbibe healthy habits including good nutrition, active lifestyles through adequate physical activity, good hygiene practices and healthy hydration.
As part of President Bola Ahmed Tinubu’s state visit to France, the Chairman of UBA Group, in the presence of President Tinubu and the President of France, Emmanuel Macron, signed a landmark business cooperation agreement with the French Finance Minister, Antoine Armand. The agreement is a significant indication of support by the French Government for the development of UBA’s full banking operations in France.
Speaking at the signing ceremony, Tony Elumelu, the Chairman of UBA Group commented: ”This partnership reinforces our commitment to seamless international banking services for our customers, not just across the 11 Francophone African countries we serve, but Africa as a whole; and French and European customers transacting with Africa. Expanding into France is a natural progression, with Paris serving as our European Union hub, as we continue to bring Africa and the world together, through innovative financial solutions. Paris will join London, New York and Dubai, as a critical component of our unique global network.”
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 45 million customers globally. Operating in twenty African countries and 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.
In a bid to promote a savings culture and enhance financial literacy among young Nigerians, Unity Bank Plc has announced plans to launch a new app for children and teenagers designed to empower users to achieve their financial goals.
The announcement was made during the World Savings Day training held at Emerald Fields School, Calabar, Cross River State, as part of the Bank’s nationwide initiative to mark the global event.
World Savings Day is observed in Nigeria as an initiative of the Central Bank of Nigeria, Bankers Committee and Junior Achievement Nigeria to drive financial inclusion with the vehicle of Financial Literacy Training which is held in secondary schools across the country.
Speaking at the event, Unity Bank’s Managing Director/CEO, Mrs. Tomi Somefun, represented by the Chief Compliance Officer, Mrs. Patricia Ahunanya, emphasized the importance of instilling good financial habits early in life. She explained that the upcoming app would equip students with tools to set SMART financial goals, understand the power of compound interest, and build financial safety nets through savings and prudent money management.
“Financial literacy is the foundation of a secure future. By teaching students to distinguish between needs and wants, budgeting, and embracing delayed gratification, we empower them to take charge of their financial journeys. The new app will serve as a practical tool to support these lessons and help young Nigerians build a culture of savings,” Mrs. Somefun stated.
The training session in Calabar, one of 16 held simultaneously across secondary schools in Nigeria, aimed to instil essential money management skills. Participants were exposed to simulations on earning, budgeting, spending wisely, and understanding the principles of borrowing and saving. Unity Bank’s representatives guided the students through interactive discussions, encouraging them to set financial goals and cultivate habits that support long-term financial stability.
World Savings Day, celebrated annually on October 31, aims to promote the importance of savings and financial awareness globally. In Nigeria, the Central Bank of Nigeria (CBN), in collaboration with the Banker’s Committee, Deposit Money Banks, and Junior Achievement Nigeria, coordinated activities to engage students nationwide.
Unity Bank’s initiative aligns with the CBN’s financial inclusion strategy by encouraging young Nigerians to embrace financial literacy early. The Bank’s upcoming app, designed specifically for children and teenagers, will complement this effort by providing an engaging platform for setting savings goals, tracking progress, and building healthy financial habits.
With financial literacy training held in six geopolitical zones, Unity Bank reinforces its commitment to youth development and capacity building.
FirstBank, the premier West African financial institution and financial inclusion service provider has announced its hosting of the first-ever China-Africa Interbank Association (CAIBA) Forum to strengthen economic ties and investments between China and Africa.
The forum, themed “Joining Hands to Advance Modernisation and Strengthening China-Africa Trade, Industrialization and Economic Diversification,” will take place on November 27, 2024, at the Fraiser Suites Abuja.
Established in 2018, CAIBA marked a significant milestone in fostering financial cooperation between China and Africa, comprising 16 African banks, including FirstBank, and China Development Bank (CDB) as well as ABSA Bank, West African Development Bank, Central African States Development Bank, Eastern and Southern African Trade and Development Bank, Development Bank of South Africa, Ecobank, United Bank for Africa, RawBank with the aim to enhance partnerships in various spheres, such as infrastructure interconnection, international cooperation, and cultural exchange. This initiative was driven by the need to address the funding gap in Africa for industrialization, infrastructure, and poverty alleviation.
The CAIBA Forum which will be co-hosted by China Development Bank offers a unique opportunity for knowledge sharing, networking and deal making, for the purpose of fostering a win-win cooperation and promote joint development among member-banks. Formerly convened only in Beijing, the Forum will now provide a unique platform to spotlight Nigeria’s pivotal role in the growing China-Africa economic relationship as the host country.
Intrinsically woven into the fabric of the society and with its extensive network across Sub-Saharan Africa, UK, and China, FirstBank provides unparalleled access to markets, to facilitate trade and investment flows between China and Africa.
Additionally, FirstBank’s expertise in financial inclusion, trade finance, corporate and investment banking positions it as an ideal partner with China Development Bank with key strengths in inclusive and sustainable financial solutions in driving this important initiative to support Chinese and African businesses.
Speaking about the forum, the CEO of FirstBank Group, Mr. Olusegun Alebiosu, said, “We are honoured to host this pivotal event that fosters dialogue and collaboration between Chinese and African financial institutions. This forum reinforces our commitment to bridging the gap between Africa and China, catalyzing economic growth and development. The selection of FirstBank as the host is a testament to our rich legacy, deep expertise in African markets, and an impressive 130-year history of empowering businesses and communities to thrive. We are proud to support the continent’s economic transformation and growth and remain dedicated to exploring the partnership opportunities this forum will bring for the mutual benefit of China and Africa.”
Participants will have the chance to engage with government officials, business leaders, and financial experts from both regions. Expected guest speakers include His Excellency, the Vice President of Federal Republic of Nigeria, the Governor of the Central Bank of Nigeria, Minister of Trade, Industry & Investment, MD of China Development Bank, Federal Capital Territory (FCT) Minister, Governors of Lagos, Kano and Anambra States; Ambassadors from countries of CAIBA members, President and Chairman of the Board of Directors of the African Export–Import Bank, Representatives from the China-Africa Development Fund, and many industry leaders, policymakers, and experts to explore opportunities for cooperation and mutual growth.
In addition, the CAIBA Forum will feature a plenary session which include Dr. Abiodun Adedipe – Founder & Chief Consultant BAA Consult, David Ofosu-Dorte – Senior Partner, AB & David Africa, A Pan-African Law Firm, Ugo (UgoDre) Obi-Chukwu – Publisher Nairametrics, Wole Adeniyi- CEO, Stanbic IBTC, Bamidele Abu- CEO, ABSA Nigeria Capital Markets, Mrs Kouassigan Dovi Eliane Khady – Head Financial Institutions West African Development Bank (BOAD). Other exciting line-ups include a trade exhibition, keynote speeches, and networking events that will explore the latest trends and opportunities in China-Africa cooperation.
The establishment of CAIBA is a positive development that has the potential to significantly impact the economic landscape, actively shaping economic future and fostering partnerships that drive sustainable growth and prosperity of both China and Africa.
