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NSE Partners RecyclePoints on Waste Management

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By Dipo Olowookere

In its bid to ‘End Plastic Pollution,’ which is the theme of this year’s Earth Day, celebrated globally every year on April 22, the Nigerian Stock Exchange (NSE) has entered into a strategic agreement with a recycling company called RecyclePoints Limited to collect and recycle waste materials generated at the NSE offices.

RecyclePoints Limited is a waste recycling and social benefit company that motivates people to recycle their everyday waste by creating value from recycled products and operating incentive based schemes.

During the signing of the Memorandum of Understanding (MoU) between both parties, the NSE’s Head of Shared Services Division, Mr Bola Adeeko, stated that, “As a sustainable stock exchange, we are committed to supporting the United Nations’ Sustainable Development Goals as it relates to responsible production and consumption.

“In addition, environmental sustainability is one of our key CSR pillars and we believe that reducing the waste we send to the landfills through effective recycling is good for the environment and for the economy as well.

“By sorting our waste and sending applicable items such as paper, plastic and glass etc. for recycling, we are creating jobs for the recycling sector and helping industries save cost on essential raw materials, while actively protecting the environment.

“More importantly, as a leader in the African business space, we are confident that this move will encourage other businesses to embrace corporate recycling, thereby igniting a good waste management culture across board.”

Also commenting, the CEO of Recyclepoints Limited, Mr Mazi Ukonu, remarked that, “We at RecyclePoints are very delighted that the NSE, as a responsible corporate citizen, has taken this bold step to implement a Corporate Recycling Program through our platform, thus further strengthening the achievement of its sustainability and environmental commitments.

“There has been a global call for corporate entities to create shared value and explore solving social issues as opportunities for competitive advantage.

“Signing this MoU exemplifies NSE’s strategic plan in finding innovate avenues of helping to solve social problems.”

Mr Ukonu also called on entities quoted on the Exchange to emulate NSE by subscribing to RecyclePoints’ Corporate Recycling Program.

Business Post reports that the NSE, as part of its Corporate Social Responsibility (CSR) drive, is always seeking innovative ways to reduce its environmental footprint.

RecyclePoints will commence the deal at the Lagos and Ibadan offices of the stock exchange under RecyclePoints’ Corporate Recycling Program. The NSE commenced an internal workplace recycling program in 2013.

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

Health

VP, Governor Hail Rite Foods’ Chairman for Trauma Centre Donation to OOUTH

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Trauma Centre Donation to OOUTH

By Modupe Gbadeyanka

The chairman of Rite Foods Limited, Mr Sulaiman Adebola Adegunwa, has been commended for donating an ultra-modern Trauma Centre to the Olabisi Onabanjo University Teaching Hospital (OOUTH) in Sagamu, Ogun State.

The facility, donated to mark his 80th birthday, is a one-stop trauma centre with all the medical equipment and healthcare personnel to handle about 2,000 trauma cases in a month, from the severe to the minor ones.

Speaking at the commissioning of the 50-bedded facility, named Sulaiman Adebola Adegunwa Trauma Centre, by the Vice President of Nigeria, Mr Kashim Shettima, on Saturday, April 5, 2025, it was stated that the centre would enhance healthcare delivery for accident victims and other trauma-related cases within Ogun and neighbouring states.

Mr Shettima noted that the provision of the healthcare facility was timely, as it aligns with President Bola Ahmed Tinubu’s agenda for upgrading the health institutions in the country.

He described the life of the donor as well lived, with significant impact in the society and immediate community, creating employment for the indigenes of Ogun State, through valuable business enterprises, like Rite Foods Limited and Ess-ay Holdings Limited, which has contributed to the growth of the state’s and national economy.

According to the VP, Mr Adegunwa has inscribed his name in gold, adding that the octogenarian believes in leaving legacies that lives for generation and this has prompted the trauma centre which will impact lives tremendously.

On his part, Governor Dapo Abiodun of Ogun State applauded the philanthropic initiative of Mr Adegunwa, saying he has demonstrated an unwavering commitment to the healthcare system of Ogun State, and that the trauma centre marks a significant milestone towards attaining that.

In her remark, the Chief Medical Director of OOUTH, Dr Oluwabunmi Fatungase, said the 50 bedded centre has been the desire of the management of the hospital, as the old 20 bedded accident and emergency centre is too small to accommodate accident victims within the state, which serves as a route for travellers traversing the different regions of the country, with a 41.5 percent accident rate.

She said it is a dream of over 20 years by various administrations come true as there is no General Hospital from Lagos to Benin and Ibadan to take care of accident victims, thereby making the trauma centre a well thought out project by Asiwaju Adegunwa.

On his part, Mr Adegunwa said, “Today, l am filled with immense joy as l reflect on Sulaiman Adebola Adegunwa Trauma Centre as another fulfilment of opportunity to serve a higher calling to give and serve.”

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Iwosan Investments, Mayo Clinic to Deliver World-class Healthcare Services

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Iwosan Investments

By Modupe Gbadeyanka

A partnership to advance high-quality patient-centred healthcare in Nigeria has been entered into between Iwosan Investments Limited and Mayo Clinic Global Consulting.

The aim is to advise and support Iwosan in delivering world-class healthcare services that will positively impact both local and regional communities.

This includes the enhancement of Iwosan’s hospital network starting with Iwosan Lagoon Hospitals and the development and integration of the Lagos Medipark Hospital.

Mayo Clinic Global Consulting will to provide strategic advice on organizational objectives and clinical practice.

Under the consulting contract, Iwosan will work with Mayo Clinic experts on several projects to advance high-quality, patient-centred healthcare in Nigeria.

Mayo Clinic is a global leader in serious and complex healthcare. Mayo Clinic Global Consulting is designed to share Mayo Clinic’s unique, comprehensive capabilities and knowledge.

The focus of this engagement is to help the Iwosan network improve administrative efficiencies and effectiveness and to enhance medical practice and patient care through the application of Mayo Clinic’s integrated clinical care and practice models.

 “This marks a significant milestone in our commitment to delivering exceptional healthcare services to the people of Nigeria.

“With guidance from Mayo Clinic Global Consulting, we are confident in our ability to set new benchmarks in healthcare excellence in our region,” the chief executive of Iwosan Investments, Mrs Fola Laoye, stated.

Iwosan Investments is a healthcare investment company with an ongoing commitment to revolutionize healthcare delivery in Nigeria.

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NAFDAC Intensifies Efforts to Block Substandard Products from China, India

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Medication Drugs

By Adedapo Adesanya

The National Agency for Food and Drug Administration and Control (NAFDAC) is increasing efforts to block the entry of substandard and counterfeit products into Nigeria, particularly from China and India, the country’s two largest pharmaceutical trade partners.

This was revealed by Mrs Mojisola Adeyeye, the Director-General of the agency, emphasised that the Clean Report of Inspection and Analysis (CRIA) scheme has significantly strengthened regulatory control over imports from these nations.

The two nation’s account for 60 per cent of Nigeria’s pharmaceutical imports and yet, there is a lot of counterfeit and substandard medicines from these countries.

She said, “Because most of these drugs come from China and India, the CRIA scheme is operational in those two countries,” adding that, “It ensures that only safe and high-quality products are shipped while preventing the export of substandard and counterfeit products.”

She note that NAFDAC has appointed and accredited CRIA agents in China and India to conduct rigorous pre-shipment inspections to tackle the issue.

In addition to appointing CRIA agents in China and India, NAFDAC is collaborating with COTECNA, a global testing, inspection, and certification service provider, to enhance quality control measures.

Mrs Adeyeye urged stakeholders to engage with these CRIA agents before shipping any consignment to Nigeria, saying, “I strongly encourage you to engage with CRIA agents before shipping any consignment–that is, to our stakeholders– from China, India, or Nigeria. You have the flexibility to choose from any of the listed CRIA agents to ensure compliance and safeguard the quality of imported products.”

NAFDAC also introduced an electronic platform, the Port Inspection Data Capture and Risk Management System (PIDCARMS), to enhance document verification and streamline inspection processes.

Mrs Adeyeye noted that CRIA agents will ensure that rejected shipments carrying drugs will not find their way to the country.

She urged stakeholders to visit NAFDAC’s official website for guidelines on product registration, labelling, and shipment requirements to ensure compliance with regulatory standards in order to prevent such lapses and ensure only approved products enter Nigeria.

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