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COVID-19: NBC, Coca-Cola Donate Drinks to Frontline Workers

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Coca-Cola

The Coca-Cola System, comprising Nigerian Bottling Company Limited (NBC) and Coca-Cola Nigeria Ltd, has restated its commitment to support the fight against COVID-19 in Nigeria with material donations to the federal and state governments.

NBC and Coca-Cola Nigeria, in fulfilment of the commitment, have already donated over 13 million centilitres of its beverages, including Eva premium table water and other soft drinks to provide hydration and nourishment for patients and healthcare workers at isolation and treatment centres across different states in the country. Both companies also promised to continue to donate these products through the duration of this crisis.

In Lagos, the Isolation and Treatment Centres and frontline institutions that have received the donated materials include the Onikan Centre, the Gbagada Centre, Lagos University Teaching Hospital and the Lagos Waste Management Authority (LAWMA) whose street sweepers and medical waste workers are still actively working during the pandemic.

In a letter to the Lagos State Governor, Mr Babajide Sanwo-Olu, Managing Director of NBC, Mr Matthieu Seguin, explained that it was standard practice for it to support communities during emergencies.

He praised both the Federal and Lagos State Governments for their efforts at curtailing the spread of the virus and providing quality medical care for confirmed cases.

“We appreciate the measures deployed so far to curtail the spread of the virus and the medical care currently provided for confirmed cases in the State. We fully support these commendable measures and will continue to work hard to meet the hydration needs of Nigerians, which is critical at this stage of the crisis,” Mr Seguin said.

Managing Director, Coca-Cola Nigeria Limited, Yebeltal Getachew added: “As a company that is closely connected with consumers and deeply rooted in communities, we see the unprecedented impact of this pandemic on the country first-hand.

“We applaud the heroism of our healthcare workers and commend the government for its increasingly effective measures. We are appealing for everyone to come together at this time so we can defeat this pandemic with a single-minded focus.”

Receiving the first set of donated items on behalf of the Lagos State Government at the Onikan Treatment Centre, Commissioner for Youth and Sports Development, Olusegun Dawodu, thanked the Nigerian Bottling Company for the initiative, saying that the gesture shows that the company is indeed a perceptive brand that understands the specific needs of the community where it does business.

Said Dawodu: “Bottled water in its purest state of hygiene like the Eva water is a critical need of the patients undergoing treatment at this time. Water is vital in the treatment of COVID-19. It helps in rehydrating infected persons. We appreciate the Nigerian Bottling Company for rising to the occasion at this crucial moment.”

Apart from the beverage donation, Seguin disclosed that NBC is also working with some of its major restaurant partners to provide meals to healthcare professionals and others fighting on the frontlines.

NBC and Coca-Cola have also resolved to support the Federal Ministry of Health move essential materials for Coronavirus containment to different locations across the country using their distribution trucks.

Coca-Cola and NBC had earlier suspended all commercial advertising of their products in Nigeria. They channelled their committed media assets, as well as social media handle to help boost public sensitization on preventive practices as well as promote hope and optimism among the public.

In addition, both companies have also supported Federal Ministry of Health and NCDC to develop risk communication materials for use to complement the government’s public education and mobilization initiatives for the Coronavirus outbreak.

Both companies are also providing safety guidance to trade and distribution partners, as well as a partnership with a leading e-commerce platform for free delivery of products to consumers in states under partial or total lockdown.

“We will continue to build on these efforts, to increase the support we give to communities, both in the form of financial donations through NGOs who are leading the relief, as well as the donation of products to those on the frontline,” Getachew added.

Other states that have so far taken delivery of the donations include FCT, Edo, Ogun, Oyo, Osun, Ondo, Rivers, Cross River, Akwa Ibom, Imo, Kaduna, Kano, Niger, Lagos, Anambra, Delta and Ekiti while others are lined for the coming days. Other Isolation and Treatment Centres that have received the support include the Federal Medical Centre, Ebute Metta.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via dipo.olowookere@businesspost.ng

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Eaton Calls for Stoppage of Sulphur Hexafluoride Gas 

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Sulphur hexafluoride gas

By Adedapo Adesanya

Leading power management company, Eaton Nigeria, has advocated the regulation of sulphur hexafluoride (SF6) gas usage in electrical power distribution networks.

This call was made during the company’s Power & Water Nigeria Exhibition and Conference 2022, an event that connects the Nigerian utility industry.

The event which was organised by Vertex Global services saw the participation of experts and exhibitors from over 20 countries.

The gathering enabled global stakeholders to access engaging technical discussions, on-the-spot assessment of the region’s opportunities in power generation, distribution, renewables, and water & utility sectors; as well as exhibitions from leading local and international suppliers.

During his presentation on the topic, A Call to Action on the ‘dirtiest’ greenhouse gas in clean energy, Mr Charles Iyo, Regional Sales Manager Eaton West Africa said “Sulphur hexafluoride gas which is used in the production of most switchgears remains one of the world’s potent greenhouse gases that adversely affect the environment. 1kg of SF6 is equivalent to 23,500 Kg of CO2 in global warming potential, and each unit of switchgear is estimated to use 2.5 kg of SF6 gas; which makes it devastatingly dangerous to the climate.”

“Government in Africa, especially Nigeria needs to take proactive measures such as implementing new regulations to ban the use of SF6 Gas in switchgear production. Also, regulatory bodies and industry stakeholders need to collaborate and elevate industry practice and policies to implement the use of SF6 free technology thereby creating a safe and sustainable future,” he added.

Mr Iyo further highlighted SF6-free alternatives that could positively combat climate change, saying the adoption of vacuum technology is considered a safe, compact and reliable alternative to SF6 gas in the production of switchgears.

Eaton has been at the forefront of advocating the elimination of SF6 gas globally. The power management company pioneered SF₆ free medium voltage switchgear production in 1960 with Magnefix, a compact solution for distribution system operators.

The various range of SF6 free switchgears are produced with environmentally friendly technology in comparison with the methods used by many other suppliers, which use SF6 as insulation gas.

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OVH Energy Rewards Distributors for Outstanding Performance

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By Adedapo Adesanya

Leading supplier and distributor of refined petroleum products, OVH Energy Marketing, has rewarded its top-performing lubricant distributors for their outstanding performance at a presentation ceremony held in Lagos.

During the presentation ceremony which happened at Aspamda Market, two qualified distributors who each sold over 1 million litres of lubricants were recognized in line with the management’s commitment to award deserving distributors.

Chucorl Nigeria Limited and Ade De Young Auto Limited, who met and exceeded the set target in the distribution of OLEUM lubricants, were awarded OLEUM branded trucks at the ceremony.

Speaking at the event, the Chief Executive Officer, OVH Energy Marketing, Huub Stokman posited that the ceremony was organized to reward top-performing distributors as well as inspire others through their exemplary feats.

“Our distinctive progress as the leading downstream oil and gas company is built on the commendable dedication and support of our partners as well as the contributions of our staff. I applaud the awardees and other OLEUM distributors for their diligence and resourcefulness in making sure that the OLEUM range of lubricants remains a market leader,” he said.

“Oleum is a product made in Nigeria, by Nigerians, for Nigerians. Our dream is to formulate the best lubricant available in the Nigerian market at a very affordable price. The hard work of our partners continues to contribute immensely to the growth of the organization and for that we are thankful,” he continued.

Commenting at the presentation ceremony, Mr Lateef Adeleke, owner Ade De Young Auto Ltd., an awardee said “I appreciate the company for this initiative to reward distributors with branded trucks. Rewarding deserving distributors with the branded trucks is a thoughtful initiative from OVH Energy Marketing.”

On his part, Mr Oliver Jacob, CEO Chucorl Oil and Gas Limited said “This acknowledgement from OVH Energy Marketing is indeed an incentive to do even more. The trucks will be valuable in strengthening our supply chain and meeting our increasing consumer demand.”

In recent years, OVH Energy Marketing has embarked on diverse empowerment initiatives such as the OLEUM Academy and the Mechanic Oleum Reseller Enterprise Initiative.

OLEUM academy has impacted over 5,000 individuals nationwide through the provision of automotive mechatronics, lubrication, and entrepreneurship training.

The Mechanic Oleum Reseller Enterprise Initiative is an avenue for auto-technicians to boost their income through the sales of lubricants in their workshop.

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Capital Market Can Attract Funds to Solve Nigeria’s Infrastructure Deficiency—Yuguda

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infrastructure deficiency

By Aduragbemi Omiyale

The Director-General of the Securities and Exchange Commission (SEC), Mr Lamido Yuguda, has again emphasised that the current infrastructure deficiency in Nigeria can be solved with the help of the capital market.

While addressing the new executives of the Chartered Institute of Stockbrokers (CIS) in Abuja over the weekend, he said all that was needed was for the government to partner with the private sector to bridge the infrastructure gap by approaching the capital market for funding.

“We have a huge infrastructural deficit in the country like insufficient power, lack of good roads among others. We want our country to have good infrastructure and I know this is possible with the help of the capital market and other stakeholders.

“It requires adequate planning and financing and we can achieve it as a nation. The capital market through the private sector can fund road construction while the government focuses on other issues,” the SEC DG said, appealing to the relevant stakeholders to cooperate with the agency to achieve this goal.

He also said for the capital market to attain full potential, all stakeholders need to ensure they carry out their functions with integrity and fairness in a bid to restore investor confidence.

Mr Yuguda acknowledged CIS as a key partner in the commission’s regulation of the market, assuring that the SEC would continue to provide the needed support.

“On behalf of the Board and staff. We will give you all possible co-operation you desire to make your job easy. We are here to support this market and make it the market we all desire,” he said.

The SEC boss stated that derivatives trading has commenced for people who want to manage their risk, adding that the SEC is working to increase the literacy of Nigerians so they can take better decisions.

“The future for this country is bright and we have the young population to push it. We can have a much better standard of living than we have now and we hope you will continue to give a lot to the market.

“We are committed to any initiative that will further spur the growth of the capital market. We also have a review of the ISA bill pending at the National Assembly and that bill has a lot that will revitalize this market,” he added.

In his remarks, the President of CIS, Mr Oluwole Adeosun, commended the SEC for the relationship that exists between the Commission and the Institute and thanked the Management for always supporting the organisation.

“Thank you always because you have embraced the institute and made it clear that you desire a very harmonious relationship and we are happy about it.

“You have shown this in your actions since you came into office and we appreciate you for all your efforts, we pray that investors benefit greatly from their investments in the capital market. Thank you for all your support to the CIS Bill,” he said.

The former President of CIS, Mr Olatunde Amolegbe, also thanked the DG for the efforts the management has been making to support the CIS, adding that the institute has been able to function effectively due to the support of the SEC.

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