business

Promasidor Meets Ekiti Government to Consolidate on Ikun Dairy Farm

The Ekiti State Governor, Dr. John Kayode Fayemi, hosted and led the team of Promasidor on an inspection tour of the Ikun Dairy Farm in Ikun, Ekiti on Monday, 16th December 2019.

The Governor also inaugurated the Board of Directors for Fountain Holdings Limited, the principal investment company of Ekiti State at the state house.

The Promasidor Group was led by the CEO, Olivier Thiry, and some other top management which includes the MD, Anders Einarsson, Director, External Relations, Andrew Enahoro and Senior Manager, Finance, Yomi Adenson.

They visited to consolidate the pact on Ikun Dairy Farm which will serve as source of local raw materials for the company’s milk production.

Oliver noted that Promasidor being the makers of quality products such as Cowbell Milk, Loya Milk, Cowbell Chocolate, Miksi Milk, Top Tea, Onga Food Seasoning, Sunvita Cereals, and others, local source of milk collection is paramount to ease much dependence on foreign raw materials.

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He also reiterated Promasidor’s preparedness in creating a viable economic base for Ekiti State through employment opportunities and the formation of small and medium enterprises from the positive impact that will ensued.

The Governor then intimated that the farm is expected to produce over 9,000 litres of milk per day and will enhance the agro-allied nature of the state and will contribute to the growth of the state’s economy as subsidiary companies will emerge.

The dairy farm is located in Ikun-Ekiti, in Moba Local Government Area, Ikun Dairy Farm spans across 1,000 hectares of land area and was established in the early 1980s with hundreds of fattened cows as an integrated agro-allied farm to boost the state’s economy.

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business

How Nigeria Can Attain Sustainable and Inclusive Growth – Dangote

Billionaire businessman Aliko Dangote has identified what Nigeria needs to drive sustainable and inclusive growth.

Dangote, who is Africa’s richest man, said this via a poat on his twitter handle on Friday.

He said, “Nigeria has one of the largest domestic markets with a population of over 200 million people.

“We need to drive sustainable and inclusive growth through industrialization, economic diversification and import substitution, creating jobs and driving economic prosperity.”

Dangote had on Wednesday aired his views about the Nigerian economy at a Roundtable session with the Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, with the theme “Going for Growth 2.0.”

He said when he read that the Nigerian Customs collected N1.35trn import duties last year, it means the economy isn’t working.

“If the economy is working, the Customs shouldn’t collect that much money, it is the Federal Inland Revenue Service (FIRS) that should,” he said.

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business

Airbus and Green Africa announce strategic Partnership for 50 A220 Aircraft

Green Africa Airways, Nigeria’s Lagos-based airline, has signed a Memorandum of Understanding (MoU) for 50 A220-300 aircraft, one of the major orders to be placed globally for the A220 programme and the largest ever from the African continent.

Babawande Afolabi, Founder and CEO of Green Africa Airways said the Green Africa story is a story of entrepreneurial boldness, strategic foresight and an unwavering commitment to using the power of air travel to create a better future.

Airbus Chief Commercial Officer Christian Scherer optimistic about the partnership, said the unique characteristics of the A220 will allow the airline to unlock destinations and route pairs that previously would have been considered non-viable.

The A220 is the only aircraft purpose-built for the 100-150 seat market; it delivers unbeatable fuel efficiency and widebody passenger comfort in a single-aisle aircraft.

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