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TTP: Nestlé Nigeria Graduates 6th Batch, Celebrates Best Graduating Student

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Oluwadarasinmi Adesakin is a beneficiary of Nestlé Nigeria’s 18-month Technical Training program which aims to bridge the skills gap by equipping youth with the required expertise to support industrialization. He is the best graduating student of Batch 6.

A citizen of Oyo State in Western Nigeria, Darasinmi obtained his National Diploma in Mechanical Engineering from the Petroleum Training Institute in Warri, Delta State.

Although he was already working, he aspired to develop himself further and was elated to be accepted into the technical training program. He therefore set his mind to make the best of the opportunity and to attain the best possible result.

Darasinmi’s determination paid off as he finished his studies in flying colours, achieving a total of 29 distinctions, out of 36 courses in the City and Guilds examinations, the best result since the program started in 2011.

“Today was a huge surprise for my father, Mr. Adesakin Adeoye, a Mechanical Engineer himself,” Darasinmi said. “He did not know I was the best graduating student or that I would be going to Switzerland for an internship program. He was so elated and could not hold back his joy. This, for me, was very fulfilling.”

Oluwadarasinmi Adesakin was ecstatic as he joined his colleagues at the 6th graduation ceremony which took place at Nestlé Nigeria’s Technical Training Center in Agbara, Ogun State. All of the 20 trainees excelled at the Diploma 3, 4 and 5 examinations of London City and Guilds, obtaining distinctions in Thermodynamics, and the best overall results in West Africa.

Speaking at the ceremony, the MD/CEO, Nestlé Nigeria, Mr Wassim Elhusseini said, “At Nestlé, we believe that young people have a key role to play in building thriving, resilient communities. Young people are our future, they are the entrepreneurs and innovators of tomorrow. They do not only help their communities thrive, but also benefit Nestlé with their fresh ideas, diverse perspectives, and energy. This is why we are passionate about helping them to build the capabilities and skills they need to contribute towards accelerating the industrialization we need to grow our economy.”

In his comments, Thomas Schneider, Consul General, Consulate of Switzerland in Lagos, said, “We are delighted that for eleven years on, this joint training program between the Switzerland Government and Nestlé Nigeria is still making impact on young people within the country, creating job opportunities.”

Inaugurated in 2011, The 18-month intensive program trains participants in machining, mechanical fitting operations, electrical operations, instrumentation operations and automation. The program culminates in the prestigious London City and Guilds technical certification with the top five graduates of each batch undergoing a further three-month internship program at a Nestlé factory in Switzerland, sponsored by the Swiss Embassy in Nigeria.

Over 160 students have benefitted from the program since its inception, with over 90% of them directly employed by Nestlé Nigeria. All the participants of batch 6, 40% of them females, successfully completed the training and the top 5 performers will be undertaking an internship and mentoring program at Nestlé factories in Switzerland in the first few months of 2023. 95% of the graduates, including Darasinmi, have been employed by Nestlé Nigeria.

Parents of the graduates, the Traditional Ruler of Agbara, and representatives of the Ogun State Government present at the event all expressed their appreciation of the value that the TTC has been adding over the past 11 years.

The Ogun State Commissioner for Education, Science and Technology, Prof. Abayomi Arigbagbu, represented by the Zonal Education Officer, Ado-Odo Ota, Mr Olugbenga Kikisuhu said, “Education is the bedrock of any meaningful social and economic development, and we all must accord education the priority it deserves. Nestlé Nigeria PLC has today taken another giant step on her journey of empowering young Nigerians for a better tomorrow by upskilling and employing the graduates. I congratulate the beneficiaries of this laudable technical training program and particularly appreciate the Management of Nestlé Nigeria PLC for her consistent contribution to educational development in the state.”

In his remarks, the Ogun State Commissioner for Youth and Sports Development, Dr. Kehinde Oluwadare, represented by Adetokunbo Salami, Director, Youth Development for the Ministry, said, “I am delighted to witness another batch of young Nigerians graduating from the Nestlé technical training program. Initiatives such as these are well aligned with the vision of the Ogun State Government on youth empowerment. I commend Nestlé for this sustained intervention which not only equips young people with relevant industry skills and expertise but is also providing economic and job opportunities.”

On his part, the Alagbara of Agbara, HRM Oba (Barr.) Lukman Jaiyeola Agunbiade, commended Nestlé for the positive impact the company is making within the Agbara community, especially in capacity development and empowerment of young people. He described Nestlé Nigeria as a valued stakeholder, and congratulated all graduates, encouraging them to maximally utilize the opportunity provided by the company.

Speaking on behalf of his colleagues, Oluwadarasinmi Adesakin, said, “We are grateful for this excellent platform created by Nestlé Nigeria for young Nigerians. The training program has been an unforgettable journey and a robust experience that has equipped my colleagues and I with knowledge, skills and core values such as integrity, leadership and accountability required to thrive in life.

We are sincerely grateful to Nestlé, the Swiss Consulate and all the partners supporting this program. I commend all my colleagues for the passion, teamwork and dedication that has enabled us to successfully complete the program.”

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MoneyMaster PSB Promotes Mobile Wallet at Ojude Oba Festival

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MoneyMaster Payment Service Bank Limited (MMPSB), a leading payment service bank, is attending the 2024 Ojude Oba Festival to promote its mobile wallet, which simplifies banking transactions in the country.

The Payment Service bank is licensed by the Central Bank of Nigeria and insured by NDIC to promote financial inclusion in furtherance of the Nigerian financial literacy initiative driven by the Central Bank of Nigeria. With Moneymaster, Nigerians can open mobile wallets, savings account, individual and business accounts to make payments, buy airtime, pay utility bills to over 4,000 companies.

It was recently appointed a payment partner to the Ounje Eko initiative by the Lagos State government in its bid to provide discounted food items to residents of the state amidst rising cost of food items. Moneymaster is positioned to support individuals and businesses in their journeys towards financial prosperity by offering bespoke financial services that meet their aspirations.

In a press release issued at the weekend, Moneymaster said it is rounding off a month-long market activation, engaging indigenes and residents of Ijebuland to come onboard its digital banking platform – mobile wallet. Moneymaster mobile wallet avails customers the opportunity to transfer or withdraw cash from an agent, buy airtime and pay utility bills.

It added that during this month-long activation, customers in Ijebuland who open an account stand a chance of winning free airtime amongst other gift items.

The PSB further said that the drive towards a cashless economy can become a reality when more and more Nigerians embrace mobile wallet so as to help them cultivate a more convenient savings habit and also enable them engage in banking transactions with ease.

“While we rejoice with the people of Ijebuland at this time, we also want to showcase what we have in Moneymaster’s mobile wallet that can help various people to enjoy seamless banking from their phones”, the statement said.

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MultiChoice Obeys Court Order, Makes Downward Review of Subscription Cost

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Following a court order mandating it to halt the move to hike prices, MultiChoice has readjusted its subscription rates for DStv and GOtv users in Nigeria.

The company had vowed to challenge the order of the Competition and Consumer Protection Tribunal’s ruling in Abuja after reporting a decline in its subscriber base in Nigeria, leading to the loss of over a million subscribers.

MultiChoice has reflected the readjustment on its company’s apps as at Sunday, June 16, 2024.

Due to the adjustments, DStv subscribers will now pay N29,500 instead of N37,000 for the Premium package, while Compact+ package subscribers can now pay N19,800 instead of the new price of N25,000.

The readjustment now have Compact Bouquet subscribers paying N12,500 previously being charged instead of N15,700, while Confam package subscribers will pay the old price of N7,400 instead of N9,300 per month.

For the Yanga package subscribers, old rate of N4,200 will be paid against N5,100 placed as new rate; while Padi subscribers will pay the former price of N2,950 instead of the N3,600.

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Record Financial Performance: Fidelity Bank Plc Promotes 11% of Workforce

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Leading financial institution, Fidelity Bank Plc has announced the promotion of 11% of its workforce, a testament to the exceptional performance and dedication of its employees.
This significant move follows the release of the bank’s 2023 full year Audited Financial Statements, which reported an impressive 131.5 percent growth in Profit Before Tax (PBT) to N124.26 billion.
The recent promotions span every level within the bank, reflecting Fidelity Bank Plc’s commitment to recognizing and rewarding excellence across its entire organization. This strategic initiative has garnered positive reactions from staff members, who see it as a validation of their hard work and contribution to the bank’s remarkable financial achievements.
In addition to the promotions, Fidelity Bank Plc has also concluded arrangements to raise a total of N127.1 billion through a Rights Issue to existing shareholders and a Public Offer. This move is part of the bank’s broader strategy to strengthen its capital base, support future growth, and enhance shareholder value.
Fidelity Bank Plc’s impressive financial performance and the subsequent employee promotions highlight the bank’s robust operational strategy and its commitment to fostering a rewarding work environment. By investing in its people and ensuring their career growth, the bank continues to build a motivated and high-performing workforce.
Ranked as one of the best banks in Nigeria, Fidelity Bank Plc is a full-fledged customer commercial bank with over 8.5 million customers serviced across its 251 business offices in Nigeria and the United  Kingdom as well as on digital banking channels.
The bank has won multiple local and international awards including the Export Finance Bank of the Year at the 2023 BusinessDay Banks and Other Financial Institutions (BAFI) Awards, the Best Payment Solution Provider Nigeria 2023 and Best SME Bank Nigeria 2022 by the Global Banking and Finance Awards; Best Bank for SMEs in Nigeria by the Euromoney Awards for Excellence 2023; and Best Domestic Private Bank in Nigeria by the Euromoney Global Private Banking Awards 2023.
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