General
AB InBev Offers $100k Grant for 2022 100+ Accelerator Program
By Dipo Olowookere
Startups providing solutions to key sustainability challenges in the world could get business funding of up to $100,000 if they submit entries for the 2022 100+ Accelerator Program put together by AB InBev, the world’s largest brewer and parent company of International Breweries Plc.
The initiative is a collaborative effort with The Coca-Cola Company, Colgate-Palmolive Company and Unilever. Together, the four corporate partners have been overhauling supply chains and scaling innovative solutions that create a better, more sustainable world and a new way of doing business.
A statement issued on Monday disclosed that interested companies have till April 30, 2022, to submit their applications and they must provide ways to capture atmospheric CO2, industrialise photosynthesis to expand food supply, transform waste into reusable packaging, treat soil and air pollution, generate renewable energy from organic waste, among others.
The 100+ Accelerator was founded in 2018 by AB InBev to engage and assist startups by providing solutions to key sustainability challenges for large global corporate partners.
It delivers six months of remote programming and training to accelerate the collaboration and growth of cohort companies in addition to a pilot or alliance with partner companies and a grant given for the execution of the project.
One of the beneficiaries of the scheme, Nuha Siddiqui, who is the CEO of Erthos, stated that, “The 100+ Accelerator played a transformational role in our technology validation and business trajectory.
“By unlocking an opportunity to pilot our solution with a company like AB InBev, we were able to build a more compatible and sustainable solution to existing value chains.
“Our plant-powered alternatives to plastics will be launching for the first time with AB InBev and have since sparked additional interest from more than 50 other CPGs, brands and manufacturers globally. Thanks to the 100+ Accelerator, we are now one step closer to making all single-use plastics plant-powered for our planet.”
Speaking on the benefits of the program to entrepreneurs, the Legal and Cooperate Affairs Director of International Breweries Plc, Ms Temitope Oguntokun, said, “Sustainability focused start-ups are very crucial if we must attain the target of a cleaner and safer world.
“International Breweries Plc on its part has gained international recognition for its role in making the world a better place by setting high standards when it comes to achieving the sustainability development goals.”
On her part, the entrepreneurship lead Europe, AB InBev, Ms Anna Voronkova, stated that, “Since its inception, the 100+ Accelerator has driven projects globally across a diverse range of sustainability challenges from water sanitation to reducing microplastics.”
General
CNPP Begs Wike for Certificates of Occupancy Payment Deadline Extension
By Modupe Gbadeyanka
The Minister of the Federal Capital Territory (FCT), Mr Nyesom Wike, has been urged to extend the deadline for the payment of Certificates of Occupancy (C of O) by property owners in Abuja.
This plea for an extension was asked by the Conference of Nigeria Political Parties (CNPP) through a statement signed by its Deputy National Publicity Secretary, Mr James Ezema.
The group said the initial two-week grace period given to the affected allottees, which expired on Friday, January 3, 2025, was insufficient, considering the current economic challenges facing the country.
Recall that after public outcries, Mr Wike, who is the immediate past governor of Rivers State, granted an extension to the owners of the 762 revoked plots of land in Maitama, Abuja.
“We are appealing to the Minister and the Federal Capital Territory Administration (FCTA) to tamper justice with mercy and issue an extension in the spirit of the yuletide and in view of the economic challenges in the country,” the association stated.
It stressed that the extension would give the affected individuals and groups ample time to comply with the directive, thereby avoiding any undue hardship or loss.
“We pray that the Minister and the FCTA will grant the allottees an extension to comply with the directive, giving all the affected individuals and groups enough time to have themselves to blame at the end of the final extension,” the statement added.
The CNPP’s appeal comes on the heels of its recent expression of concern over the escalating hunger and suffering faced by millions of Nigerians due to the economic realities in the country.
General
All Farmers Association of Nigeria Dissociates Self From Ado Kano
By Adedapo Adesanya
The All Farmers Association of Nigeria (AFAN) has dissociated itself from an unofficial viral statement by one of it members, regarding posters indicating activities of the organisation.
The group dissociated itself from the member in a statement signed by its National President and the National Secretary, Mr Kabiru Ibrahim, and Mr Yunusa Halidu, respectively.
“This post is made by an authorized member, Ado A Ado Kano.
“The opinions and views expressed here are those of the author and do not reflect the official policy or position of the group, its administrators, or other members.
“For official statements, please refer to AFAN official contact or platform,” parts of the statement made available to Business Post stated.
According to AFAN, the unofficial posters flying around doesn’t represent the association, noting that Mr Kano is not authorized by AFAN or its officials but those of the author.
AFAN is the umbrella organisation for all farmers’ commodity associations in Nigeria.
Its vision and mission are to assemble all Nigerian producers into one organization, providing a single interlocutor for the government to address agricultural issues with the farming community.
AFAN was formed by the merger of the All-Farmers Association of Nigeria (ALFA) and the National Farmers’ Association of Nigeria (NAFAN). The merger was recommended by former Nigerian president, Mr Olusegun Obasanjo.
General
BUA Debunks Claims of 90% Completion of Refinery in Akwa Ibom
By Adedapo Adesanya
BUA Group has denied widespread reports that its ongoing construction of a 200,000 barrels per day capacity refinery located in Akwa Ibom State is 90 per cent completed.
In a statement signed on Sunday, the group with subsidiaries in food, cement, and energy sectors said that the claims that the structure was at end stage did not come from it.
“Contrary to a misleading report stating that our 200,000 barrels/day refinery is at 90% completion, BUA wishes to advise the public to disregard such misleading reports that did not emanate from us,” a part of the statement read.
It clarified that the project was progressing well and added that it was going to meet the project timeline of 2025.
“As we make remarkable strides on our Akwa Ibom refinery project, we are proud to share that construction is progressing steadily.
“Whilst the refinery is not at 90% completion, we are however on track to meet our delivery timelines in collaboration with our partners.
“This BUA Refinery & Petrochemicals project represents a major milestone in strengthening Nigeria’s refining capacity and energy security,” the group said.
BUA is also carrying out other energy projects, including the construction of a mini-LNG plant and several new hybrid power plants across the country, which it said are also progressing rapidly.
The group says this will add additional capacity to our over 1,000MW installed captive power generation capacity.
“The public is advised to verify any news through our official channels and platforms so as not to be misled by mischievous persons,” the statement said.
“At BUA, we remain committed to transparency and excellence. As we have consistently done with over 12 of our completed mega industrial projects worth over $ 3.5 billion in the past 10 years, we will continue to keep you updated with verifiable and accurate information only where necessary, and as milestones are achieved.
“We appreciate the public’s interest and enthusiasm for this transformative project as we work together in building a stronger industrial and manufacturing base for a self-reliant Nigeria,” it added.
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