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NNPC, Axxela Complete 18km Gas Pipeline to Rite Foods

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Gas Pipeline to Rite Foods

By Adedapo Adesanya

The Nigerian National Petroleum Corporation (NNPC), through its subsidiary, Nigerian Gas Marketing Company Limited (NGMC), in partnership with a subsidiary of Axxela Limited, Transit Gas Nigeria Limited (TGNL), has announced the completion of an 18 kilometres gas pipeline in Ogun State.

The pipeline has a capacity of 150 million standard cubic feet per day (scf/d) and runs from Ibefun to Rite Foods Limited’s large-scale factory in Ososa, Ogun State.

According to a statement from Axxela, the first gas has been delivered through this pipeline to Rite Foods Limited, adding that with a consistent gas supply, the fast-moving consumer goods company would achieve significant energy cost-savings.

Quoting its Chief Executive Officer, Mr Bolaji Osunsanya, the company said it was committed to growth and industrialisation.

He said, “This venture is in firm alignment with our near-to-long term market expansion strategy, and emphasises our push to broaden our asset portfolio and strengthen our market play within the gas sector.

“Axxela/NGMC pioneered gas distribution in the Greater Lagos area, and our present positioning enables us significantly increase our industrial and commercial client footprint across the south-western corridor.

“By providing the gas advantage, we are enabling the development of self-sustaining industrial clusters to bolster Nigeria’s industrialisation and socio-economic empowerment.”

Named the Sagamu Gas Distribution Zone  (SGDZ), the project is a joint venture between NGMC and TGNL which commenced operations in 2019 by delivering gas to growing industrial users, according to the statement.

Adding his input on NGMC/TGNL JV and the new pipeline grid, the Managing Director, NGMC, Mr Faruk Usman, was quoted as saying, “As part of our strategy, we are delighted to pioneer and implement initiatives with private players, which is a clear indication of our willingness to collaborate and ensure the success of Nigeria’s Gas Expansion Programme.

“The SGDZ will contribute to the development of the Sagamu – Ijebu Ode axis by facilitating industrial growth, cleaner energy generation, and fostering community employment through gas availability.”

The statement said in line with Axxela’s and NGMC’s commitment to the International Finance Corporation’s performance standards, Corporate Social Responsibility projects had been implemented across the host communities of the operation.

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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German Firm Partners Freddy Hirsch Nigeria to Boost Food Innovation

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Freddy Hirsch Nigeria Boost Food Innovation

By Sodeinde Temidayo David

In a bid to boost food innovation across West Africa, a German-based nutrition supplier, Symrise AG, has partnered with Freddy Hirsch Nigeria, a manufacturer of ingredients.

According to the statement issued today by Symrise AG, the partnership will focus on the development, launch and commercialization of transformational food products, which includes general seasoning, bouillon meat, snacks, and instant noodles.

Freddy Hirsch Nigeria, a leading West African manufacturer of ingredients and flavours, boasts world-class Research, Development, and Application laboratories and manufacturing facilities.

On the other hand, Symrise AG is a global multi-billion-dollar fragrance, care, flavour, and nutrition supplier present in over 100 countries.

According to the Sub Regional Director, Flavour Africa Middle East, Symrise AG, Mr Sofiane Berrahmoune, the company is set to deliver its products and services at a greater speed to market in Africa, and for this reason, has partnered with Freddy Hirsch Nigeria.

Symrise AG spokesperson further stated that the partnership will give the company deeper access to valuable insights about Africa’s food industry.

This follows as increasing urbanization, rising incomes, a growing regional population, and evolving lifestyle changes are driving the African food flavour and enhancer ingredient market and increasing the consumption of processed foods and beverages.

The global flavour and fragrance market is projected to reach $36 billion in 2022 with Africa expected to play one of the biggest growth opportunities.

Also, according to a forecast for the period of 2020 to 2025, the Africa food flavour and enhancer market is foretold to witness a compound annual growth rate CAGR of 5.12 per cent as the continent proved to be a growing market.

Mr Berrahmoune concluded his statement by saying “together, we are stronger than ever, committed to co-create with Freddy Hirsch Nigeria, combining the best of our strengths and leveraging our strong global footprint with our winning local flexibility, market, and consumer understanding.”

Also speaking on the partnership, the Managing Director of Freddy Hirsch Nigeria, Mr Kojo Brifo, expressed that his company is set to achieve its vision of creating authentic African flavours and tastes.

He noted that Freddy Hirsch has invested in a Research, Development, and Application laboratory and a manufacturing facility with world-class quality management systems, in West Africa.

Mr Brifo added that partnership with Symrise AG will provide an acceleration of flavour development across West Africa and will increase the creativity of customized flavours, help our customers attain speed to market, and enhance their operational agility.

Together, Symrise AG and Freddy Hirsch Nigeria are set to position themselves as the leading contributors to the evolution of the food and beverage industry in West Africa and the Middle East.

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Bolt Commences Food Delivery Service in Nigeria

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bolt in-app calling feature

By Modupe Gbadeyanka

In order to offer good working conditions to food couriers and profit to restaurant partners, a leading ride-hailing platform in Africa, Bolt, has launched a food delivery service.

A statement from the company said the Bolt Food Delivery will offer customers competitively affordable, efficient food delivery service and help to provide easier access to daily essentials.

With over 30 million customers worldwide, Bolt has built its ride-hailing platform efficiently to offer the best service in the sector to drivers and riders, positioning the company as a leader in Nigeria’s mobility sector. The company will now extend its expertise to food delivery to advance the sector with innovation and technology.

“We are excited to launch Bolt Food, which will allow Nigerians to order food from their favourite restaurants and receive it quickly and safely at their home or office,” the Bolt Nigeria’s Country Manager, Mr Femi Akin-Laguda, said.

“Our ride-hailing business is built on efficiency and easing mobility for riders while offering drivers a flexible opportunity to earn more income.

“Bolt is eager to bring this approach to food delivery and ensure that our partner restaurants benefit from our loyal customer base. This is also a way for us to augment the earning opportunities for Nigerians by contributing to the gig economy.

“We will ensure that it is worthwhile for couriers on the platform like drivers have benefited from our ride-hailing platform,” Mr Akin-Laguda concluded.

The entrance of Bolt Food to Nigeria will help restaurants have a broader reach to customers, with Bolt acting as a reliable platform for affordable delivery and efficient service. At the initial stage of the launch, customers can only place food orders from more than 100 restaurants in Lagos Island. Bolt is looking to add new restaurants to the app daily while also expanding to other parts of Lagos soon.

To place an order, users can download the Bolt Food application on their smartphone, with an array of different restaurants and available menu options to choose from. The application also provides customers with various price ranges and an estimated delivery time. Initially payments will be paid by cash, and customers can specify the location for contactless delivery drop-offs upon order arrival.

Bolt Food was first launched in Estonia in August 2019. The service is also available in South Africa, Ghana and Kenya.

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ICAN Rebrands for Greater Dynamism, Deeper Inclusiveness

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ICAN Rebrands

By Aduragbemi Omiyale

For greater dynamism and deeper inclusiveness across generations, the Institute of Chartered Accountants of Nigeria (ICAN) has rebranded with a new corporate logo and visual identity.

At the unveiling of the new logo and identity at an event held on Wednesday at the Oriental Hotel, Lagos, the leading umbrella body of the accounting profession in Africa disclosed that the transformation signifies its leadership, resilience, indelible footprints, growth and dynamism.

Business Post gathered that ICAN, with this new beginning, has pledged its unwavering commitment to members and other stakeholders with a greater positive impact towards nation-building.

The institute said it was poised to promote professional excellence, deepen its advocacy and facilitate accountability and transparency across the economy.

Explaining the choices of the colours and the new identity, ICAN said the predominantly blue colour in the new logo evokes professionalism, trust, reliability, stability, depth, benevolence and vibrancy of the organisation.

It further said the green stripe at the bottom represents vitality, freshness, growth and youthfulness while the two white stripes evoke a feeling of dynamism, integrity, transparency and new roads leading to new places and horizons.

The new identity in alignment with global trends is modern, innovative and professional. It is designed to work effortlessly across digital and physical channels.

Speaking at the unveiling ceremony, the Deputy Governor of Lagos State, Mr Obafemi Hamzat, commended the leadership of ICAN on the rebirth while acknowledging the contributions of the institute and accounting professionals in national development.

According to him, “ICAN is maintaining its leadership in the profession and adapting equally well to the global disruptions, even coming out stronger and youthful.”

In her speech, the president of ICAN, Ms Comfort Olu Eyitayo, stated said, “Today marks a new beginning as we consolidate the immense contributions of the founding fathers and past presidents of our noble Institute. The accounting profession is dynamic and they have firmly established a lasting legacy: the philosophy of keeping pace with the times.”

“In 56 years, ICAN has sustained its enviable status as the most influential and prestigious professional accountancy institute in Africa.

“Our unmatched contributions to national development are the unique selling point that has accorded the institute its enviable position. The ICAN brand is not just the toast of employers, but the products of the Institute are distinguishing themselves across all sectors – public or private.

“Our gathering this evening is to witness the rebirth of ICAN. This rebirth further amplifies what we represent as an Institute: promotion of Accuracy and Integrity and the continuous and conscious drive to act in the public interest.

“We are here to witness the launch of the Institute into an era of greater dynamism and deeper inclusiveness across generations. We are here to celebrate the new face of ICAN for Greater Visibility and Impact,” she enthused.

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