TGI Group Brings Succour to Borno IDPs

Image

By Dipo Olowookere

The Internally Displaced Persons (IDPs) camped in Borno State could not hide their joy last week when TGI Group, an international investment and holding company with diversified interests and investments in Africa, Middle East and Asia, donated evaporated milk, pharmaceutical and agricultural products to them.

The firm said it gave out some of its products to the IDPs as a way of giving back to the society and also alleviate the pains of persons in the camp and to bring succour to them.

Business Post gathered that the products presented to the camp on behalf of the different companies in the TGI Group included a trailer load of evaporated milk for children and women by CHI Limited and various pharmaceutical products such as routine OTC drugs, oral rehydration salts (ORS), and deworming tablets manufactured by CHI Pharmaceuticals Limited.

TGI Group is the parent company of Chi Limited, WACOT Limited, CHI Pharmaceuticals Ltd, CHI Farms, CORMART, and many other companies in the country.

General Manager in charge of Corporate Affairs at TGI Group, Mr Sadiq Kassim, who officially presented the donation to the Director General of the Borno State Emergency Management Authority, Mr Ahmed Satomi, lauded the efforts of the Federal Government and the military at curtailing the activities of insurgents in the region.

He said the products will undoubtedly go a long way in bringing relief to displaced children and families in Borno State and by extension, the North-East region.

Mr Kassim further revealed that another subsidiary of the Group, WACOT Limited, donated 600 bags of maize to the camp in September 2016.

“This gesture will help the Borno State government and officials of the IDP camp to meet and improve on the food and primary health care needs of the displaced persons in the camp” Mr Kassim added.

Receiving the products on behalf of Borno State government, Mr Ahmed Satomi expressed delight at the gesture and appealed to other corporate bodies to emulate the TGI Group.

He further stated that the donations were timely, as there are plans to begin a deworming programme for the children in the camp.

Share
Related Stories
Image
04-March-2024

Omokungbe Wants Implementation of Initiatives on Women’s Entrepreneurship

By Aduragbemi Omiyale A former Rector of Yaba College of Technology (YabaTech), Lagos, Mr Obafemi Omokungbe, has called for the implementation of programmes and initiatives designed to promote women’s entrepreneurship in Africa. Speaking at the just-concluded 10th anniversary of the African Women Foundation for Nation Building (WINBAFRICA) in Lagos, Mr Omokungbe, a fellow of the Nigerian Society of Engineers (NSE), also appealed to African countries to renew their commitment to women’s empowerment, saying it is a crucial step towards nation-building. According to him, the journey toward women’s empowerment in Africa involves a comprehensive approach that spans various sectors, including education,

Image
29-February-2024

Adesina to Receive Prestigious Obafemi Awolowo Prize for Leadership

By Ichie Enyi Ejike Umunnabuike Jr Come March 6, 2024, the Lagos Continental Hotel will host an unforgettable occasion when the President of the African Development Bank (AfDB), Mr Akinwumi Ayodeji Adesina, will be formally honoured and presented with the distinguished Obafemi Awolowo Prize for Leadership 2023. The Obafemi Awolowo Prize for Leadership was first announced in December 2012, with the official award ceremony held on March 6, 2013. Before Mr Adesina was announced as its fourth recipient, three other distinguished personalities had been conferred with the prestigious award – Noble Laureate, Prof. Wole Soyinka; former South African President, Thabo

Image
26-February-2024

Tinubu to Implement Oronsaye Report on Leaner Government

By Adedapo Adesanya President Bola Tinubu has resolved to implement the Stephen Oronsaye report that called for a leaner government by merging some ministries, departments, and agencies (MDAs) and scrapping some others 12 years after it was suggested. The President’s decision was announced by a presidential spokesperson, Mr Bayo Onanuga, in a post on X. “Twelve years after the Steve Oronsaye panel submitted its report on restructuring and rationalizing federal government parastatals and agencies and a white paper issued two years after, President Tinubu and the Federal Executive Council today decided to implement the report,” Mr Onanuga wrote. “Many agencies

Image
29-February-2024

Silence Laboratories Raises $4.1m for Privacy-Preserving Computing

By Adedapo Adesanya Silence Laboratories has announced securing $4.1 million in funding to enable privacy-preserving collaborative computing led by Pi Ventures and Anurag Arjun, along with several prominent angel investors. In a statement shared with Business Post, the company said with the market for privacy-enhancing technologies (PETs) growing globally at a compound annual growth rate of 26.6 per cent, there is growing demand. In recognition of this, Silence Laboratories is offering to provide mathematical guarantees for techno-legal expectations as part of a mission to create infrastructure to enable complex data collaborations between enterprises and entities, without any sensitive information being

More Stories
Image
20-August-2023

SERAP Tasks Tinubu to Suspend Pensions for Wike, Umahi, Others

By Adedapo Adesanya Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Tinubu to publicly instruct former governors who have been appointed to serve as ministers in his administration to stop collecting life pensions, exotic cars, and other allowances from their states. The President was asked to “instruct the former governors to immediately return any pension and allowances that they may have collected since leaving office to the public treasury.” In a statement on Sunday signed by SERAP Deputy Director, Mr Kolawole Oluwadare, the rights group argued that, “The appointment of former governors who collect life pensions while serving

Image
28-August-2020

Court Convicts Kano BDC Operator for Forex Fraud

By Modupe Gbadeyanka A Bureaux De Change (BDC) operator in Kano State, Mr Salisu Alhassan, has been convicted by Justice Nasiru Saminu of the Kano High Court for a foreign exchange (forex)-related fraud. The convict, a director of Tankarawa Bureau De Change Limited in Kano, was sentenced by the judge after he was found guilty of using a customer’s money for personal use. The Economic and Financial Crimes Commission (EFCC) had arraigned Kano BDC operator for converting the N7.1 million he was given for forex trading for his use. He was brought before the court on a two-count charge of

Image
27-June-2021

Buhari Appoints Obinna as PPPRA Chairman, Reappoints Saidu

By Adedapo Adesanya President Muhammadu Buhari has approved the appointment of Mr Atuonwo Obinna as Chairman of the Petroleum Product Pricing Regulatory Agency (PPPRA). This was contained in a statement signed by the Special Adviser to the President on Media and Publicity, Mr Femi Adesina, made available to newsmen in Abuja. Mr Adesina said the President also approved the reappointment of the agency’s Executive Secretary, Mr Abdulkadir Saidu, for another four years. According to him, the appointment of Mr Obinna as PPPRA Chairman for a four-year term is in accordance with Section 2 (1-3) and 3 (a) of the Petroleum

Image
15-January-2018

Stock Watch: Recommendation for this Week (January 15)

By Modupe Gbadeyanka It is a new week and a start to a new trading session on the floor of the Nigerian Stock Exchange (NSE), which closed last week bullish. According to analysts at Vetiva Research, despite a sharp reversal in the positive trend last Friday with a drop in the NSE All-Share Index (ASI) by 0.33 percent as a result of profit taking, strong closes earlier on in the week led to a 10.21 percent gain week-on-week. “Whilst we foresee modest demand at today as investors continue to lock in rates, we expect inflation figure due on Tuesday to

Image
18-April-2022

Jiji Dominates Online Marketplace in Kenya After Two Years

By Modupe Gbadeyanka The online marketplace in Kenya has now been taken over by Jiji two years after it opened its shop in the country, serving the consumers in the East African country with quality services. In 2020, during the COVID-19 pandemic, Jiji entered the Kenya market and has since become the fastest growing e-commerce with over 6 million users and 2 million ads in Kenya. In March 2022, Alexa, a website traffic analytics platform, ranked the firm as the leading platform among all, having 2.5 million unique visitors monthly compared to 1.5 million in 2021, indicating that it nearly

Image
19-January-2017

CEO Confidence Rises Despite New Risks, Uncertainty—PwC

By Modupe Gbadeyanka Worldwide, CEOs’ confidence levels for their growth prospects and outlook for the economy is back on the rise amidst new risks and uncertainty. In PwC’s 20th annual survey of CEOs worldwide, 38% (2016:35%) are very confident about their company’s growth prospects in the next 12 months while 29% (2016:27%) believe global economic growth will pick up in 2017. Just over one-third (33%) of South African CEOs are very confident of their company’s own growth in the next 12 months, 4 points down on last year, and 5 points below this year’s global average (38%). Furthermore, only 19%

Image
22-September-2022

NASD OTC Bourse Slides Further by 0.54%

By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange continued its stay in the bearish territory as it dropped 0.54 per cent on Wednesday, September 6, due to negative price movements in Central Securities Clearing System (CSCS) Plc, NASD Plc, and FrieslandCampina WAMCO Nigeria Plc. CSCS Plc went down by 97 Kobo in the midweek to sell at N12.53 per unit compared with the previous day’s N13.50 per unit, NASD Plc lost 75 Kobo to trade at N13.00 per share versus N13.75 per share and FrieslandCampina depreciated by 5 Kobo to settle at N81.00 per share in contrast to Tuesday’s

Image
21-September-2018

Chevron Empowers 90 Journalists

No fewer than 90 journalists have been sponsored by Chevron Nigeria Limited (CNL) for the Advanced Writing And Reporting Skills (AWAReS) at the Pan Atlantic University (PAU), Lagos State. While addressing beneficiaries of the AWAReS programme for 2018, General Manager, Policy, Government and Public Affairs (PGPA) at CNL, Mr Esimaje Brikinn, disclosed that the gesture was in line with CNL strong belief in the development of human capital. “CNL strongly believes in the development of human capital. In line Chevron’s core values of building productive and beneficial relationships, CNL has since 2014 sponsored journalists to the AWARes programme. “The essence

Ad
Ad
Recent Stories
Image
04-March-2024

UK Announces £37.3m to Boost Livelihoods in Nigeria, Others

By Adedapo Adesanya The United Kingdom has announced new funding for the Mobile for Development Programme to help more people access mobile and digital technologies to find new opportunities and boost their livelihoods in Nigeria and other developing countries. UK’s Minister for Development and Africa, Mr Andrew Mitchell MP, during a speech at Mobile World Congress last week, announced that the UK is providing £37.3 million of new support for the Mobile for Development Programme. The new UK funding for innovative mobile phone technology will help change lives in developing countries around the world by harnessing AI technology to provide

Image
04-March-2024

Newly-Listed Transcorp Power Targets N500bn Revenue by 2031

By Adedapo Adesanya The latest company to join the Nigerian Exchange (NGX) Limited, Transcorp Power Plc, has announced a revenue target of N500 billion by 2031, tapping opportunities in the capital market and sustainable energy. This was disclosed by the Managing Director of the firm, Mr Peter Ikenga, during the Facts Behind the Listing held at bourse on Monday. The firm, owned by businessman and Chairman of UBA Plc, Mr Tony Elumelu, listed its stocks on the Main Board of the nation’s flagship exchange by introduction. It listed 7,500,000,000 ordinary shares of 50 Kobo each at N240.00 per share. Speaking

Image
04-March-2024

DisCos Must Promptly Respond to Customers’ Complaints—FCCPC

By Aduragbemi Omiyale Electricity distribution companies (DisCos) in the country have been charged to respond to customers’ complaints quickly for better service delivery. This task was given to the energy firms by the Federal Competition and Consumer Protection Commission (FCCPC), which said the companies must design a quick response mechanism to address issues from their customers. Speaking last Saturday at a four-day one-stop-shop for addressing billing, metering, transformer, connection, disconnection, customer service and other electricity consumer issues in Ikeja Electric coverage areas, the acting executive chairman of FCCPC, Mr Adamu Abdullahi, said the highest number of complaints received by the

Image
04-March-2024

Omokungbe Wants Implementation of Initiatives on Women’s Entrepreneurship

By Aduragbemi Omiyale A former Rector of Yaba College of Technology (YabaTech), Lagos, Mr Obafemi Omokungbe, has called for the implementation of programmes and initiatives designed to promote women’s entrepreneurship in Africa. Speaking at the just-concluded 10th anniversary of the African Women Foundation for Nation Building (WINBAFRICA) in Lagos, Mr Omokungbe, a fellow of the Nigerian Society of Engineers (NSE), also appealed to African countries to renew their commitment to women’s empowerment, saying it is a crucial step towards nation-building. According to him, the journey toward women’s empowerment in Africa involves a comprehensive approach that spans various sectors, including education,

Image
04-March-2024

NGX Group Declares 75 Kobo Final Dividend Amid 57.4% Surge in FY’23 Earnings

By Aduragbemi Omiyale A final dividend of N1.5 billion, amounting to 75 Kobo per share has been declared by the board of the Nigerian Exchange (NGX) Group Plc for the 2023 financial year. This brings to N1 the total dividend to be paid by the company after paying 25 Kobo (N495.5 million) as interim dividend at mid-year. In its audited financial statements for the year ended December 31, 2023, the NGX Group said its gross earnings increased by 57.4 per cent to N11.8 billion in FY 2023 from N7.5 billion in FY 2022 because its performances in core revenue and

Image
04-March-2024

Red Line Rail: Labour Party Demands Value for Money

By Aduragbemi Omiyale The Lagos State chapter of the Labour Party has tasked Governor Babajide Sanwo-Olu to ensure the recently commissioned Red Line Rail does not turn out to be another failure due to poor maintenance culture. In a statement by its Publicity Secretary, Mrs Olubunmi Odesanya, the opposition party appealed to the state government to ensure its sustainability. While greeting residents of the metropolis on the project, which was commissioned last Tuesday by President Bola Tinubu, the Labour Party faulted the timing of its completion, saying the ruling All Progressives Congress (APC) ought to have put the initiative in

Image
04-March-2024

Access Bank to Give 700,000 MSMEs Access to N50bn Via YouThrive

By Modupe Gbadeyanka An initiative known as YouThrive designed to give entrepreneurs in the micro, small and medium enterprises (MSMEs) access to a N50 billion credit facility has been introduced by Access Bank Plc. The lender disclosed at a media briefing in Lagos that about 700,000 MSMEs would benefit from this programme, which is open to business owners between the ages of 21 and 40 years. YouThrive is a transformative initiative designed by Access Bank to empower, uplift, and accelerate the next generation of MSMEs. According to the Deputy Managing Director of Access Bank, Mr Victor Etuokwu, who addressed journalists

Image
04-March-2024

Peter Obi Laments Nigeria’s Dependence on War-Torn Ukraine for Food

By Adedapo Adesanya The presidential candidate of the Labour Party in the 2023 polls, Mr Peter Obi, has lamented Nigeria’s dependence on Ukraine, a country ravaged by war, for food aid. Mr Obi, in a statement on Monday, expressed dissatisfaction at the current economic realities and recounted times when the Nigerian economy was faring better than that of Ukraine in 2015. “Ukraine cultivates over 60 per cent of its arable land, whereas Nigeria has over 60 per cent uncultivated arable land. “Despite the conflict, Ukraine feeds itself, and exports agricultural products worth over $25 billion which is about the same

Image
04-March-2024

AfDb Injects $134m Into Rice, Maize, Cassava, Soybean Production in Nigeria

By Adedapo Adesanya The African Development Bank (AfDB) is supporting Nigeria in the cultivation of rice, maize, cassava and soybean to boost food production with the provision of $134 million to achieve this. The president of the multilateral lender, Mr Akinwunmi Adesina, said on Saturday after visiting the Centre for Dryland Agriculture (CDA) at Bayero University, Kano, that the bank would support Nigeria to cultivate 300,000 hectares each of rice and maize, 150,000 hectares of cassava and 50,000 hectares of soybeans during the 2024 planting season. The CDA is a World Bank-supported centre established to serve as a regional training

Image
04-March-2024

Salesforce Unveils Conversational AI Assistant Einstein Copilot

By Modupe Gbadeyanka A new customisable, conversational, and generative AI assistant for CRM, Einstein Copilot, has been launched by Salesforce. The system was unveiled at the Mobile World Congress in Barcelona, Spain, and it will use adequate company data to generate useful responses. The Einstein Copilot enables Salesforce customers to generate responses using their private and trusted data, while maintaining strict data governance and without requiring expensive AI model training. As a result, Einstein Copilot can answer questions, summarise content, create new content, interpret complex conversations, and dynamically automate tasks on behalf of a user, all from a single, consistent