General
Dangote Flags Off Waste-to-Wealth Initiative for Sustainability Week
The Dangote Industries Limited has flagged off an environment focused initiative tagged Waste to Wealth initiative as part of activities marking the 2019 Global Sustainability Week.
The initiative is focused on managing waste disposal while generating income and giving back to communities wherein the company operates.
The conglomerate marked the Sustainability Week with the theme Our Community, Our Passion with various activities held in the Lagos and across its Business Units and plants. These activities focused on investment programmes directed towards turning waste to wealth, and reviving reading culture in young children in host communities.
In Lagos, over 200 Sustainability Champions and employee volunteers across the business units, assisted five international facilitators to train the children on turning the most insignificant materials and waste in the environment into tangible assets of economic value to the nation.
Dangote employees took the initiative to St. George Primary School and Aunty Ayo International School in Ikoyi, where the facilitators, with additional help from the volunteers, trained the children on how to manage their wastes and create sustainable products that are marketable from their everyday generated wastes.
Reason for The Initiative
Speaking on the initiative, the Group Chief Sustainability and Governance, Dangote Industries Limited, Dr Ndidi Nnoli, said the company’s sustainability approach is driven by a desire to contribute and impact positively towards the development of host communities and the society at large.
According to her, the 2019 Sustainability Week is directed towards safeguarding the environment by educating the host communities on how to turn waste to wealth to achieve sustainable development.
She said, “We chose St. Georges School because the school is a neighbour to Dangote Head Office building in Ikoyi. Charity begins at home. We started to engender the sustainability culture as an employee volunteering initiative.
“We honestly believe that people are at the centre of any organisation and sustainability needs to begin with the individual person. It is a culture in Dangote to celebrate the sustainability week every year and this year we decided to bring it to a neighbouring school.”
“It is so important that we bring the initiative to the schools around us because we need to be very concerned about our children, their future, and most especially, education outside the classroom. We need to be concerned about educating our children on sustainability beyond the definition,” she added.
Ms Nnoli disclosed that the company brought international artists to educate the employees that the type of waste that can easily be thrown into the trash can, could be transformed into usable items.
“We have people making bangles and pencil cases out of waste plastics. We also have literacy session, mentoring and above all, we are learning about why it is necessary to hunger for knowledge,” she said further.
She noted that the Dangote Group has a responsibility to the environment and the society, pointing out that, “We are looking for ways to ensure that value is added to things around us. We have many volunteers who are so eager to learn and impact knowledge to the children. The children are also very excited to learn on new ways to transform the environment.”
“For us at Dangote, it is social responsibility and also corporate services, but in this case, the employees have volunteered to carry out this initiative. But the organisation has given us the license to do whatever we want to do.
“So, as Dangote employees, we have chosen to stand for sustainability, we stand for social development and we stand for the education of a child,” she said.
More Insight Into The Initiaitve
Giving insight into the programme, the Group Chief Human Resources Officer, Dangote Cement Plc, Dr Musa Rabiu, said the company’s intention was to create an environment “where we keep improving on how we operate and interact with the environment and regarding people as the most valuable assets.”
He said the company organised the programme to touch the hearts and minds of children who are the next generation by teaching them how to re-use trash.
Mr Rabiu said the initiative was all about reigniting children’s creative ability through innovation by leveraging on technology. “We need to let them know that managing the environment in terms of creativity and innovation is key. With this knowledge, the children are expected to grow up and be conscious of how they can re-use materials in the environment”, he added.
General Manager, Sustainability, Dangote Cement Plc, Eunice Samson, said the company’s intention was to ensure that Dangote employees key into the Group’s vision and volunteer to reach out to the local communities through value addition.
Reason for the 2019 Sustainability Week Theme
She said the theme for this year’s Sustainability Week “Our Community, Our Passion, the Dangote Way” was a way to make the host community to begin to see the social side of Dangote. “So, for Dangote, it is not always all about business; we also care about the wellbeing of our host communities. With this programme today, we have been able to reach out to over 600 pupils from St. George Primary School and Aunty Ayo International School, Ikoyi, Lagos.
“What we are trying to do is to ensure that we clear the environment of waste by turning it into wealth. We have over 200 Dangote employees who have volunteered to assist the facilitators to teach the children how to turn waste to wealth. The children have been taught how to turn waste plastic bottles into pencil cases, bangles, piggy banks, as well as using used Dangote Cement bags to create gardens” she added.
Speaking also at the event, the Managing Director of African Creative Hub, Jumoke Olowookere, said her responsibility was to teach the participants on how to create a sustainable world without wastes through upcycling wastes towards achieving the United Nations Sustainable Development Goals.
Definition of Sustainability
Business Post reports that according to Wikipedia, Sustainability refers generally to the capacity for the biosphere and human civilization to coexist. It is also defined as the process of people maintaining change in a balanced environment, in which the exploitation of resources, the direction of investments, the orientation of technological development and institutional change are all in harmony and enhance both current and future potential to meet human needs and aspirations.
By Adedapo Adesanya
The federal government has issued a data protection compliance circular to all Ministries, Departments and Agencies (MDAs) to promote public trust through data-driven governance.
The compliance directive is contained in Circular No. 59805/S.I/74, dated 27 July 2026, and signed by the Secretary to the Government of the Federation, Mr George Akume, according to a statement by the Head, Legal, Enforcement & Regulations, Mr Babatunde Bamigboye.
The initiative forms part of a continuum of regulatory measures that will be vigorously pursued as Nigeria advances towards the decisive frontiers of the Fourth Industrial Revolution.
The circular drew the attention of MDAs to a statement of President Bola Tinubu, where he said: “Data is the new oil”.
Mr Akume then directed all Ministries, Extra-Ministerial Departments and Agencies to capture the information rigorously and safeguard it under the Nigeria Data Protection Act, 2023 (NDP Act).
The circular also directed MDAs to ensure full compliance with the NDP Act, Regulations, Guidelines, and Directives issued by the Nigeria Data Protection Commission (NDPC) in relation to the processing of personal data.
To this end, the Circular directs MDAs to, designate suitably qualified officers as Data Protection Officers (DPOs) to oversee data protection compliance and advise management on all matters relating to the lawful processing of personal data, ensure that the names and contact details of their designated DPOs are communicated to the NDPC for registration and official records; engage licensed Data Protection Compliance Organisations (DPCOs), where required, to facilitate compliance with the NDP Act and support the conduct of statutory compliance audits.
It also directed them to provide adequate budgetary allocation for data protection compliance activities, including capacity building, awareness programmes, deployment of appropriate technical safeguards, and periodic compliance audits; and submit all mandatory Data Protection Compliance Audit Returns and other statutory returns to the NDPC within the timelines prescribed by law.
The circular further states that “Permanent Secretaries, Accounting Officers and Chief Executive Officers of all MDAs shall be personally responsible for ensuring institutional compliance with the Circular and the provisions of the NDP Act.”
The National Commissioner/Chief Executive Officer of the NDPC, Mr Vincent Olatunji, expressed the commission’s commitment to supporting data-driven governance.
Mr Olatunji maintained that data accountability is pivotal to achieving the eight Presidential Priorities. To provide full technical support to MDAs for the purpose of achieving compliance, the commission has constituted a regulatory clinic.
By Adedapo Adesanya
Yellow Card, a global stablecoin infrastructure provider, has raised $40 million in a strategic funding round to accelerate its international expansion and strengthen its digital payment infrastructure.
The funding round attracted investments from SC Ventures, the innovation and investment arm of Standard Chartered, Sony Innovation Fund, Polychain Capital, Blockchain Capital, and other strategic investors. With the latest raise, Yellow Card’s total equity financing has now exceeded $120 million.
The company said the fresh capital will be used to scale its Global US Dollar Accounts, an end-to-end dollar account designed for businesses, while expanding the stablecoin payment rails that connect businesses to markets around the world.
Yellow Card’s chief executive, Mr Chris Maurice, described the investment as a strong endorsement of the company’s long-term vision, noting that the company has spent years building infrastructure that allows businesses to move money globally without relying on traditional correspondent banking systems.
He added that the next phase of growth will focus on helping banks connect directly to stablecoin payment rails, enabling faster and more efficient cross-border transactions while expanding access to US Dollar services for businesses.
SC Ventures chief executive, Mr Alex Manson, said stablecoins are becoming an important part of global payments, but noted that widespread adoption will depend on reliable infrastructure and practical use cases.
He said Yellow Card has built the payment rails businesses across Africa need to move money efficiently across borders and expressed confidence in the company’s ability to expand both within Africa and internationally.
The investment also marks growing interest from global institutions in stablecoin-based payments. Sony Innovation Fund said its backing reflects confidence in Yellow Card’s ability to build digital payment infrastructure for emerging markets.
Mr Austin Noronha, Managing Director at Sony Ventures-US, said the company believes Yellow Card is creating the technology needed to help banks, financial technology firms and enterprises move money faster and more securely.
He added that the company looks forward to supporting Yellow Card as it expands beyond Africa into Latin America, the Middle East, Europe and the Asia-Pacific region.
Yellow Card said the funding will also support the wider rollout of its Global USD Accounts, which allow businesses to hold U.S. dollars, manage treasury operations, swap stablecoins, and collect or make payments in local currencies across more than 50 countries.
The company noted that the platform is already being used by major customers, including Visa and Western Union.
Founded to simplify cross-border payments through digital assets, Yellow Card has processed more than $10 billion in transactions across its network. The company supports over 50 currencies and holds licences, authorisations and registrations in 22 jurisdictions across North America, Europe and Africa.
Yellow Card has also established strategic partnerships with global payment companies including Visa, Mastercard, PayPal and Coinbase as it positions itself as a key infrastructure provider for international digital payments.
By Adedapo Adesanya
The National Economic Council (NEC) has approved a $4.5 billion arrangement for the Nigerian National Petroleum Company (NNPC) Limited aimed at strengthening the country’s external reserves and freeing up funds for infrastructure.
This is part of the refinancing of the $3.3 billion Project Gazelle Pre-Export Finance Facility through a new $4.5 billion facility named “Project Gazelle 2”.
The approval allows NNPC Limited to refinance the outstanding balance of approximately $1.5 billion under the original 2023 facility, while unlocking an additional $3 billion in liquidity to strengthen the country’s external reserves and support ongoing fiscal and infrastructure priorities of the government.
NEC’s approval followed a presentation by the Minister of Finance, Mr Taiwo Oyedele, which was presented by the Chairman of the Council, Vice President Kashim Shettima, underscoring the importance of the project.
NEC observed the significance of unlocking additional liquidity to the federation, among other benefits, pledging its support for the actualisation of the initiative.
The Finance Minister explained that the refinancing has been structured on more favourable terms than the original facility, including a reduction in the volume of pledged crude oil from 90,000 barrels of oil per day to approximately 78,750 barrels of oil per day – a 12.5 per cent reduction.
He noted that under the new arrangement, an additional 11,250 barrels of oil per day for the federation will be released, while there will be a reduction in the pledged crude volumes by the state oil company.
Mr Oyedele added that while accessing additional liquidity on improved terms, the arrangement is freeing up resources for strategic national priorities while strengthening the country’s financing structures.
“The arrangement is freeing up resources for strategic national priorities while strengthening the country’s financing structures,” he said.
VP Shettima called for a responsive, scalable, and data-driven social protection policy to tackle multidimensional poverty in Nigeria.
According to Mr Shettima, government policies are often heard before they are seen, speak through the price of food, condition of hospitals, records in schools, strain on families, the confidence of those who invest their labour in the nation’s future, and, very importantly, the ambitions of state governments.
He implored members of Council to ensure that every decision they make assure the citizens “that their government is paying attention to the pulse of the nation and is resolved to respond with competence, compassion and purpose.”
