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Stanbic IBTC: Impacting Communities Through CSI, Employee Volunteerism

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Global climate change affects countries differently. The negative consequences such as flooding are usually more pronounced in developing countries. Poor urban planning, population growth and poor regional cooperation in the use of natural resources such as rivers and lakes are also factors that contribute to incidences of flooding, for instance, in Nigeria.

The National Emergency Management Agency (NEMA) in 2018 earmarked 12 states as frontline states to be affected by flooding in that year and by September 2018, a national disaster had been declared in the four worst affected states while the others were flagged under red alert.

In one of its reports in 2018, NEMA revealed that 327,052 people were directly affected in the 12 flooded states of which 77,460 were displaced. There were 70 recorded cases of loss of life and 151 injuries. Displaced individuals also faced a higher risk of contracting diseases such as malaria and cholera on account of living in makeshift/temporary shelters and poor water supply.

Along with the efforts of the federal and state governments, succour came to the victims of the 2018 floods in the form of support from notable corporate organizations who responded as part of their corporate social responsibility initiatives.

One of such organizations was Stanbic IBTC Holdings which made a timely intervention to ameliorate the plight of the flood victims. The institution donated relief materials to victims in five of the affected states namely Jigawa, Katsina, Delta, Rivers and Ogun states.

Upon selecting the states that would benefit from the relief materials, Stanbic IBTC immediately deployed staff on ground in these states/regions to conduct thorough impact assessments of the affected locations as well as living conditions in the relief shelters. Major considerations included; food, potable water, health/hygiene and comfort. The institution also identified and partnered with relief agencies in the respective locations.

Therefore in meeting the need for potable water for instance, boreholes were provided in shelters for which potable water was lacking; a major boost to the prevention of water borne diseases such as cholera and diarrhea. In addition, ample supply of water also fosters the attainment and maintenance of better hygiene levels.

For the comfort of the victims, Stanbic IBTC provided mattresses with blankets and bed sheets, treated mosquito nets were also provided to prevent the scourge of malaria. The financial institutions also provided soaps and detergents among other essentials.

For the displaced victims, for many of whose sources of livelihoods had either been completely damaged or destroyed, adequate feeding was a major issue. For these non-perishable food items (in packets, tins, etc) were provided and distributed.

For Stanbic IBTC, Corporate Social Investment is ingrained in its corporate philosophy and DNA, it says it’s just as critical as adhering to the highest corporate governance principles. It is viewed as part of its business operations.

This partly explains why its flagship CSI initiative, tagged Together for a limb checks all the boxes on novelty, innovativeness and multidimensional approach to transforming the lives of indigent children who have suffered limb loss(es). Beneficiaries are offered prostheses and educational trust funds of N1.5m each. They are thus provided quality education along with the improved quality of life that the prostheses provision engenders.

The beneficiaries being young growing children also get a replacement of their prostheses as they grow and as required until they turn 18 years of age. Therefore the beneficiaries receive regular health checks as their usage of the prostheses is monitored and additionally get a comprehensive medical check every time replacement prostheses are to be fitted.

Stanbic IBTC goes further to bring attention to the plight of citizens with limb losses through an annual charity walk that is incorporated in its annual events calendar. In fact, the launch of the Together for a limb initiative in December 2015 was preceded by the charity walk on November 14 of that same year and the charity walk has been held every year ever since, usually preceding the unveiling of beneficiaries for the year to further raise public awareness for the cause. So far, 20 young Nigerians have benefitted from this initiative.

As its tagline, “Moving Forward” suggests, the organization has a desire for a nation with prosperous citizens but also understands that beyond corporate CSI, a lot more mileage will also be covered by the active involvement of individuals. Therefore it has encouraged and actively promoted a staff volunteer scheme for all its employees.

Volunteering enables individuals to connect better with their communities to make them better places while offering a lot of benefits to the volunteers themselves. Expert opinions that outline the many benefits of volunteering are replete in health and business journals.

According to the Chief Executive, Stanbic IBTC Holdings, Mr Yinka Sanni, the staff CSI and volunteer scheme has seen staff contribute and invest over N100 million towards various charitable courses that cover health, education and economic empowerment, which are the core CSI pillars of Stanbic IBTC.

Employees with similar interests are encouraged form groups and raise funds to address respective causes that each group has identified with. Consequently, the staff volunteer scheme has donated classrooms, libraries, health facilities, boreholes and other social interventions over time across Nigeria.

Along with carrying out its core business operations, Stanbic IBTC has consistently promoted deliberate social investment programmes to improve the lot of individuals and communities across Nigeria. Its 360 approach which has birthed the employee volunteer scheme is further extending the frontiers of and giving a new meaning to CSI in Nigeria.

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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Lagos to Get New Building Code in 2025

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3-storey building collapses mushin2

By Adedapo Adesanya

The Lagos State Government has expressed its readiness to get a brand-new Building Code next year, to achieve the high-performance standards needed to make Lagos a sustainable and Smart City.

The government’s readiness was disclosed at the Lagos State Executive Council Retreat on the Domestication of the Lagos Building Code, organised by the Office of the Special Adviser on e-GIS and Urban Development, held at Ikeja GRA on Wednesday.

Speaking during the retreat, Lagos State Governor, Mr Babajide Sanwo-Olu emphasised the need for more collaboration among all the ministries and agencies in the built sector, to ensure the state development in line with global best practices.

He said the motive behind the Lagos Building Code is to have a building regulation that would make Lagos much more resilient.

“We (Lagos State Government) are the first to domesticate the National Building Code, which is the creation of the Federal Government. We are not doing anything outside the vision at the sovereign and sub-sovereign levels. But what is unique about our own is the fact that all the cabinet members see the need to have an input because it would be an outcome that would affect lives and different ministries and agencies.

“So, there is a need for everybody to have a say, and at the end of the day, collectively we will resolve to have a way.

“What we are trying to do is for Lagos State to do what is obtainable internationally: have a building regulation in which we have a standard of construction in design, manner of land use occupancy, and use of building materials, which we believe would eventually improve and help with health, safety, and occupancy issues.

“It is all about building sustainably, making Lagos a lot more resilient and able to absorb shock in the future and able to stand in the comity of developed cities and city-states as we see in various parts of the world,” he said.

The Special Adviser to the Governor on eGIS and Urban Development, Mr Olajide Babatunde, stated that the Lagos Building Code is to complement the existing regulatory framework and provide a comprehensive solution to the challenges of land use, physical development, and urban planning.

Mr Babatunde said the Lagos Building Code will regulate building control, planning permission, and address the issues of setbacks; take care of the safety and sustainability of the environment; and also prevent the collapse of buildings.

“We have been working on the domestication of the National Building Code, and by next year, we are going to have our own brand-new Lagos Building Code. We have worked with professional bodies and people from academia, market women, and the public in general, and through a participatory approach, we can come out with a document that is acceptable to everyone and useful to the entire state,” he said.

Also speaking, the Special Adviser to the Governor on Infrastructure, Mr Olufemi Daramola, described the Lagos State Building Code initiative by the Babajide Sanwo-Olu administration as the next step to Green Lagos that will enable the state to plan buildings properly and ensure durable infrastructure in the state.

During the retreat, members of the Lagos State Executive Council brainstormed and advocated aggressive sensitisation for residents of the State on the Lagos Building Code before implementation.

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Apostle Femi Lazarus Emerges Most Streamed Podcast in Nigeria on Spotify

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Apostle Femi Lazarus

By Modupe Gbadeyanka

A report released by Spotify has revealed that in 2024, Apostle Femi Lazarus was the most streamed podcast on its platform, closely followed by Motivation Daily by Motiversity.

Podcasts are one of Africa’s favourite ways to tell stories. With almost 4 billion minutes of podcast audio played in Sub-Saharan Africa in 2024, the continent’s appetite for this content is loud and clear.

South Africa, Nigeria, and Kenya listened to the most shows this year, with South Africa contributing over 2 billion minutes. If you started playing podcasts on one device today, it would make for about 30 centuries of listening.

“The numbers don’t lie. Podcasting is here to stay because it lets creators take control of their narratives and tell these stories on their terms while bringing their community along for the journey,” the Sub-Saharan Africa Podcast Manager for Spotify, Ncebakazi Manzi, stated.

Motivational shows around issues like managing finances, relationships, personal goals and health remain popular across the three leading countries. Shows like “The Diary Of A CEO with Steven Bartlett”, “Motivation Daily by Motiversity” and “The Success Addicted Podcast” have attracted listeners who want to get their lives in order and learn from the stories of inspirational people.

Audiences in Nigeria and South Africa embrace shows about spirituality. “Christian Motivation” had one of the most shared episodes in South Africa while “Apostle Joshua Selman” maintained his popularity in Nigeria for another year. As the continent’s second-largest podcast market, Nigeria listened to 700 million minutes in 2024 and it created half of the new shows published in Sub-Saharan Africa this year.

Even though spirituality dominated Nigeria’s top charts, the continued popularity of shows like “I Said What I Said” and “The HonestBunch Podcast” tell us that listeners also want conversation-style shows. Listeners in Kenya and South Africa also showed an affinity toward these shows.

A good laugh with friends

The “ShxtsnGigs” podcast, an opinion show hosted by two best friends James and Fuhad, tapped into audiences’ hunger for conversational shows. The humorous podcast has made its way to the top charts in six of the top 10 podcast-playing African countries. In Kenya, The 97s Podcast has been inspired by this approach where funny and frank chats between hosts Trevor, Frank and Dante have led the podcast to take the number-one spot in the country for the first time.

Kenya’s broader listening data shows that relationships are a meaningful taking point. Seven of the 10 most shared episodes in the country discuss love, sex lives and dating. Julia Gaitho’s “So This Is Love” holds three out of the top five most shared podcast episodes in the country. Her interviews resonated because she draws lessons from her guest’s stories about lost lovers.

Some listeners just wanted to laugh through the pain. Ensemble shows like “Mic Cheque Podcast” and “The Sandwich Podcast” made Kenyans feel like they were hanging out with a close circle of friends. When difficult topics come up, moments of infectious laughter help lighten the mood.

Women creators like Murugi Munyi, Julia Gaitho, Sharon Machira and Lydia K.M. take this comedic approach to a new level on shows like “The Messy Inbetween” and ‘It’s Related, I Promise’. This genre contributed heavily to the country’s 400 million podcast minutes streamed in 2024.

Below are the most streamed and shared podcasts for the year;

 

TOP SHARED PODCAST EPISODES IN SOUTH AFRICA

TOP SHARED PODCAST EPISODES IN KENYA

TOP SHARED PODCAST EPISODES IN NIGERIA

  1. Serial Killers – Killer Nurse Kristen Gilbert

  2. True Crime News: The Podcast – Pam Hupp charged with murder of Betsy Faria

  3. The Diary of a CEO – The Happiness Expert That Made 51 Million People Happier

  4. The Joe Rogan Experience – #2152 – Terrence Howard

  5. The Joe Rogan Experience – #2219 – Donald Trump

  1. The Sandwich Podcast – MAISHA YA STUNNA Ft (LIL MAINA)

  2. So This Is Love – Melody and Kev ep1

  3. So This Is Love – Mathew & Scarlet – S4 | E1

  4. So This Is Love – Njoki & Njue – S4 | E2

  5. Heart II Heart With Mike and Shiko – EP 1 | Genesis – How it all began

  1. David’s Christian Centre – Worship with Minister Dunsin Oyekan (A) | Mainland

  2. Apostle Femi Lazarus – Trauma

  3. Apostle Femi Lazarus – How To Deal With Pain That Is Not Going Away

  4. Success Addicted Podcast with the voice of Earl Nightingale ; Napoleon Hill ; Jim Rohn and many more – How To Start Working On Your Goals and Visions, Even If You Don’t Like This (Proven Strategies and Hacks) | Jim Rohn

  5. Apostle Femi Lazarus – Trauma & Marriage

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Watt Renewable Secures $15m Loan for Hybrid Solar Power Plants in Nigeria

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Oluwole Eweje WATT Renewable Corporation

By Dipo Olowookere

A $15 million debt facility has been obtained by Watt Renewable Corporation from the AfriGreen Debt Impact Fund to finance hybrid solar power plants to be built and operated by the former, especially in Nigeria.

WATT intends to use the projects to serve commercial and industrial clients in Nigeria, particularly in the telecommunication and financial services sectors.

By integrating solar hybrid solutions, the firm aims to significantly reduce diesel consumption and CO2 emissions, enabling its clients to achieve substantial energy cost savings while promoting environmental sustainability.

As a pioneer in renewable energy solutions, WATT continues to drive innovation in Nigeria’s energy sector.

The company’s robust roll-out plan includes deploying hundreds of hybrid solar power sites nationwide to meet the growing energy demands of commercial & industrial clients.

This strategic expansion aligns with WATT’s vision to revolutionize energy access across Africa, enabling sustainable development and reducing reliance on fossil fuels.

The funds from AfriGreen provide the critical capital needed to accelerate WATT’s ambitious projects, strengthening its market position and empowering businesses with reliable and affordable energy solutions.

Business Post gathered that to mitigate the currency risk for WATT in the event of devaluation of the Nigerian Naira, AfriGreen is offering a local currency facility that matches the payment structure of the power purchase agreements.

“We are thrilled to partner with AFRIGREEN on this transformative journey to expand reliable and sustainable energy solutions across Africa.

“With this support, it enables us to accelerate our shared mission of providing hybrid solar power to businesses, reducing carbon emissions, and supporting economic growth while enhancing energy security for our clients,” the Managing Director of WATT, Mr Oluwole Eweje, said.

“We are delighted to support WATT in rolling out hundreds of hybrid sites across the country.

“This represents another key transaction for AFRIGREEN in Nigeria. The combination of high energy prices, good solar irradiation, and strong demand from industrial and commercial energy users makes this market particularly attractive for companies like WATT.

“By leveraging these favourable market conditions alongside WATT’s exceptional operational performance and a well-structured financing solution, we are setting the stage for a strong and lasting business partnership,” the Managing Director of AfriGreen, Mr Alexandre Gilles, stated.

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