A Memorandum of Understanding (MoU) signed by Nestlé Nigeria Plc, a leading Food and Beverages Company, and WeCyclers on Friday will see no fewer than 15,000 Nigerians empowered through an extended plastic waste recovery system.
Wecyclers is a social entreprise that helps households in low-income communities capture value from their waste, to accelerate the process of recovering and recycling post-consumption plastic packaging waste in Lagos State.
Speaking at the signing in Lagos, Mr Mauricio Alarcon, the Managing Director and Chief Executive Officer of Nestlé Nigeria said: “ The agreement enables Wecyclers to extend plastics recovery systems to more communities.
“This is through the establishment of collection points across five more communities.
“The project will also help to create 40 direct jobs for collection point operators and sorters, and empower an additional 15,000 Wecyclers subscribers.
“It is estimated that 70 per cent of all ocean litter is plastic and the quantity of plastic waste entering the natural environment harms wildlife and damages the ecosystem.
“The environmental impact is so enormous that the UN described it as a planetary crisis that is causing irreparable damage.
“In Nigeria, the problem is growing due to increasing usage and indiscriminate disposal of single use plastics; we are witnessing a surge in plastic waste pollution’’.
He said that tackling plastic pollution is an urgent priority which requires a multi-sector collaboration.
“So, this MoU with Wecyclers is another step toward achieving our shared objectives of a waste-free future and building thriving communities.
“One of our ambitions at Nestle is to strive for zero environmental impact in our operations as we strive toward a waste-free future.
“A key part of achieving this goal is to make 100 per cent of our packaging reusable or recyclable by 2025.
“And also, that none of our product packaging end up in landfills, litter environment, seas, oceans and waterways’’.
Alarcon said: “In line with the belief that producers and consumers need to change behaviour and habits to manage the menace, Nestle is taking actions with industry members of Food & Beverage Recycling Alliance ( FBRA).
“This is to engage people, businesses and consumers to play their part.’’
On his part, Mr Olawale Adebiyi, the CEO of Wecyclers said: “This partnership is an avenue to extend the plastics collection and recycling process by setting up more collection sites across Lagos.
“These plastics have value and what we do is to assign value to them.
“When we weigh the amount of material these people will bring, we pay them for it; that will make them go out and find more.
“We on our own will sell the material, and the profit we will generate, we use to fund the process.
“It is basic; we are buying and selling plastics, but in a more sustainable way, making sure that people are engaged,’’ he said.
According to him, the recycling exchange programme, since its inception in 2018, has diverted over 400 tonnes of plastic from landfills into productive reuse.
Adebiyi said that Wecyclers would handle the construction and deployment of each recycling kiosk, with coverage areas including Ajah, Ikeja, Mushin , Lagos Island and Magodo.
Edited by Oluwole Sogunle
Nestlé Nigeria restates commitment to helping children live healthier lives
As Nigeria marks the 2020 Children’s Day, Nestle Nigeria restates its commitment to helping children live healthier lives.
The day is typically marked by parades and events to recognise, honour, celebrate and appreciate Nigerian children. However, it will be marked differently this year in view of the current situation.
Speaking in commemoration of Children’s Day, Nestlé Nigeria Corporate Communications and Public Affairs Manager, Mrs Victoria Uwadoka, said in a statement on Wednesday in Lagos: “I am delighted to wish all children a very Happy Children’s Day!
“We recognise that to ensure a healthier future, children need the right nourishment and an active lifestyle.
“At Nestlé Nigeria, we remain committed to helping children imbibe healthy habits early while enabling their parents and caregivers with nutritious food products and the right information to make healthier nutrition choices.
“These products are fortified with micronutrients to meet the needs of pre-school and school age children.”
“Recognising the need for multi-sector interventions to address the challenges facing the Nigerian child, Nestlé Nigeria has been at the forefront of efforts to help Nigerian children live healthier and happier lives.
“This has been achieved through research, product innovation, food fortification, nutrition education and promotion of an active lifestyle in line with the company’s global ambition to help 50 million children globally, lead healthier lives by 2030.
Uwadoka said the ambition would be supported by its global flagship programme, Nestlé for Healthier Kids (N4HK) and would federate all of Nestlé’s efforts to support parents and caregivers on their journey to raise healthier kids.
She added that the company reached over 1.5 million children each year through the N4HK school-based programme and Milo School Sports Development Programme.
“In Nigeria, Nestlé for Healthier Kids (N4HK) which is run in collaboration with the Federal Ministry of Education, Federal Ministry of Health, Universal Basic Education Board, Ogun State, FCT Universal Basic Education Board and the Nutrition Society of Nigeria, currently reaches 17,000 children every year.
“N4HK also incorporates a school-based nutrition education programme, which seeks to teach children about nutrition from an early age to enable them to make better nutrition decisions and form healthier nutrition habits.
“To help children imbibe healthy habits including good nutrition, active lifestyles through adequate physical activity, good hygiene practices, and healthy hydration, over 200 teachers have been trained in Ogun and the FCT.
“The training was done in collaboration with the Nutrition Society of Nigeria and the Universal Basic Education Boards.
Receiving materials for the N4HK schools in Ogun on behalf of the Ogun SUBEB earlier in the academic year, the board’s Secretary, Mr Olalekan Kuye said: “Children are the future of Ogun, so investing in them is investing in the future.
“I commend Nestlé Nigeria for the consistent work they are doing through the Nestlé for Healthier Kids Initiative.”
In March 2020, Nestlé for Healthier Kids hosted a Nutrition Quiz and Essay competition for all 20 N4HK benefitting schools in Ogun to enhance recall and retention of the lessons learnt.
The Nutrition Quiz is a core part of the N4HK school-based programme. They were quizzed on topics curated by the Nutrition Society of Nigeria (NSN) from the N4HK students’ manual covering nutrition, healthy hydration, hygiene and physical activities.
Recall and retention is also enhanced through cooking demonstrations and sport activities in the participating schools.
It will be recalled that Nestlé had renovated school facilities including classrooms, libraries, offices, crèches, boreholes, toilets and playgrounds in some of the N4HK benefitting schools.
NAN reports that the 30 participating schools received posters, interactive boards, manuals as well as water bottles, stationery and camp gases for cooking demonstrations.
NAN recalls that Nestlé Nigeria Plc began simple trading operations in Nigeria in 1961 and has grown into a leading food manufacturing and marketing company.
Edited By: Edwin Nwachukwu/Obike Ukoh (NAN)
Market capitalisation sustains growth on Nestle, Dangote Cement gains
Activities on the Nigerian Stock Exchange (NSE) remained upbeat on Thursday with the market capitalisation improving further by N110 billion following gains in Nestle and Dangote Cement.
Consequently, the market capitalisation which opened at N12.582 trillion rose by N110 billion or 0.87 per cent to close at N12.692 trillion.
Similarly, the All Share Index (ASI) grew by 210.88 points to close at 24,354.25 against 24,143.37 posted on Wednesday.
The upturn was impacted by gains recorded in medium and large capitalised stocks, amongst which are Nestle, Dangote Cement, Nigerian Breweries, Conoil and Ardova.
Mr Ambrose Omordion, the Chief Operating Officer, InvestData Limited, attributed the persistent upward trend in the market enhanced buying interest to high dividend yield.
Omordion said investors were buying to increase their position in undervalued stocks ahead of dividend declaration and first quarter numbers.
He said that investors and traders were positioning amidst the changing sentiments, with the hope of improved liquidity and positive economic indices.
Market breadth closed positive with 21 gainers in contrast with 20 losers.
Royal Exchange recorded the highest price gain in percentage terms, increasing by 10 per cent, to close at 22k per share.
University Press followed with 9.80 per cent to close at N1.12, while Conoil rose by 9.77 per cent to close at N19.10 per share.
Ardova grew by 9.68 per cent to close at N15.30, while Consolidated Hallmark Insurance appreciated by 9.09 per cent to close at 36k per share.
Conversely, Linkage Assurance led the losers’ chart in percentage terms, dropping by 8.33 per cent to close at 44k per share.
Red Star Express followed with a loss of five per cent to close at N2.85, while Africa Prudential declined by 4.63 per cent to close at N3.71per share.
Sterling Bank lost 4.55 per cent to close at N1.26, while Fidson Healthcare shed 4.17 per cent to close at N2.30, per share.
Total volume traded increased marginally by 1.1 per cent with an exchange of 431.58 million shares worth N5.26 billion achieved in 5,860 deals.
This was in contrast with 426.64 million shares valued at N4.10 billion exchanged in 7,384 deals on Wednesday.
Transactions in the shares of FBN Holdings topped the activity chart with 115.57 million shares valued at N543.063 million.
Zenith Bank came second with 75.9 million shares worth N1.14 billion, while Guaranty Trust Bank traded 54.88 million shares valued at N1.22 billion.
Ecobank Transnational Incorporated sold 39.61 million shares worth N197.33 million, while Mutual Benefits Assurance transacted 30.97 million shares valued at N6.43 million.
Edited By: Bola Akingbehin/Oluwole Sogunle (NAN)
COVID-19: Nestlé donates N32m worth of items to Kaduna Govt
Nestlé Nigeria Plc. has donated food and beverages worth N32 million to Kaduna State Government to support the state’s palliative efforts occasioned by Coronavirus lockdown.
Mr. Mauricio Alarcon, Managing Director and Chief Executive Officer of the company, made this known in statement made available to News Agency of Nigeria , in Kaduna on Monday.
Alarcon said that the donation was in line with the company’s purpose of enhancing quality of life and contributing to a healthier future of Nigerians.
He added that the food and beverages would support individuals and families most impacted by the containment measures put in place by the state government to stop the spread of the coronavirus.
According to him, the donation is part of the company’s contribution of over N700 million, comprising products and cash donations toward the national response efforts being led by the Presidential Task Force on COVID-19.
“Nestle Nigeria is committed to the wellbeing of millions of Nigerians who rely on our products to help feed their families every day.
“We will continue to play our role of ensuring uninterrupted availability of food and beverage products which are critical for the sustenance and well-being of millions of Nigerian families,” he added.
Mr Basharu Muhammad, Permanent Secretary, General Services, Office of the Secretary to the State Government, who received the items on behalf of the government, commended Nestlé Nigeria for the support.
Muhammad said that the gesture would significantly strengthen state government’s efforts towards cushioning the impact of COVID-19 on the residents of the state.
Edited By: Abiodun Esan (NAN)
COVID-19: Nestle donates N32m palliatives to Rivers Govt.
The Managing Director of Nestle Nigeria, Mauricio Alarcon, made this known in a statement in Port Harcourt on Monday.
The statement was signed by the company’s Manager of Corporate Communications and Public Affairs, Victoria Uwadoka.
According to him, the contribution is part of the company’s pledge to donate cash and consumables worth N700 million to states to reduce hunger during the lockdown.
“The donation is in line with Nestle’s commitment to enhance quality of life as well as contribute to a healthier future.
“Nestle will continue to play its essential role of ensuring the uninterrupted availability of food and beverage products to Nigerians.
“The products are critical for the sustenance and well-being of millions of Nigerian families, who rely on the company to help feed their families every day,” he said.
Alarcon said the items were meant for individuals and families most impacted by the measures put in place by Rivers government to halt spread of the virus.
The Secretary to State Government (SSG), Dr Tammy Danagogo, received the items on behalf of the state government.
Danagogo thanked Nestle for becoming the first fast-moving consumer goods company to support the state government’s efforts on COVID-19.
“It is highly commendable that without any prompting, Nestle has proved to be very good corporate citizens by reaching out to support us in this very difficult times,” Danagogo said.
Edited By: Modupe Adeloye/Ejike Obeta (NAN)
COVID-19: Nestlé donates foods, beverages worth N32m to Kano State Govt.
Nestlé Nigeria Plc has donated food and beverages worth N32 million as palliatives to Kano State Government to cushion the effect of COVID-19 on residents.
The Public Affairs Manager of the company, Victoria Uwadoka, who made the disclosure in a statement in Kano on Sunday, said that the palliatives were part of measures to mitigate the impact of the lockdown on residents.
Uwadoka said that the donation was part of the company’s contribution of over N700 million, comprising products and cash donations, toward the national response efforts led, by the Presidential Task Force on COVID-19.
“The food and beverages donated by Nestlé will support individuals and families most impacted by the containment measures put in place by the state government to stop the spread of the coronavirus.
“Nestlé will continue to play its essential role of ensuring the uninterrupted availability of food and beverage products, which are critical for the sustenance and well-being of millions of Nigerian families,” Uwadoka said.
Alhaji Ahmadu Zago, Special Adviser to Gov. Abdullahi Ganduje on Food Security, received the items on behalf of chairman of the fund raising committee, Prof. Muhammad Bello.
Zago, who is also member of the committee, commended Nestlé Nigeria for supporting the government’s efforts toward cushioning the impact of COVID-19 in the state.
He also urged other corporate organisations to emulate the company.
Edited By: Kamal Tayo Oropo/Felix Ajide (NAN)
Nestlé Nigeria Plc donates N700 million toward COVID-19 response
As more corporate organisations and individuals continue to donate toward boosting the response to the Coronavirus (COVID-19) pandemic, Nestle Nigeria Plc has contributed items and cash worth N700 million to support the cause.
Mr Mauricio Alarcon, the outfit’s Managing Director, in a statement in Lagos, disclosed that the company also donated N250 million cash for the procurement of medical supplies and Personal Protection Equipment (PPE) being used by medics.
“We are joining forces with government to do everything we can to help those in need through both financial means and product donations in these unprecedented times where our communities need our support more than ever.
“We are donating nutritious food and beverages to reach more than 600,000 vulnerable families who are the most impacted by the crisis.
“We are also making a financial donation toward the procurement of medical supplies, including Personal Protection Equipment, to enhance the health and safety of the medical teams and volunteers on the frontline of the fight against the pandemic.”
He said that Nestlé Nigeria would, in line with its purpose of enhancing quality of life and contributing to a healthier future, continue to play its essential role of ensuring the uninterrupted availability of food and beverage products.
“Such products are critical for the sustenance and well-being of millions of Nigerian families who rely on the company to help feed their families every day,” he said.
NAN reports that Nestlé Nigeria Plc began simple trading operations in Nigeria in 1961 and has since grown into a leading food manufacturing and marketing company.
The firm is reputed to be the biggest food company in West Africa with 2,300 workers serving in its three world-class factories.
Nestlé Nigeria manufactures and markets a range of brands including NESTLÉ PURE LIFE, GOLDEN MORN, MILO, MAGGI and NESCAFÉ. .
Nestlé Nigeria records 6.6% growth in 2019, financial results say
Nestlé Nigeria Plc has announced its financial results for the year 2019, posting a revenue of N 283.9 billion and recording 6.6 per cent growth over the previous year.
Detailed financial results available at https://www.nestle-cwa.com/en/investors/nigeria show the Gross profit for the year to be at N 127.6 billion, compared to N 113.9 billion in 2018.
The company posted N 45.6 billion as Profit After Tax for the year vs N 43.0 billion during the previous year.
In addition to N 25 per share interim dividend already paid, the Board proposed an additional dividend of N 45 per share, making for a total dividend of N 70 for 2019, a statement from the company said on Tuesday.
According to Mauricio Alarcon, Managing Director and CEO of Nestlé Nigeria Plc, the proposed dividend will be submitted for approval at the company’s Annual General Meeting on June 2, 2020.
“In 2019, we reaffirmed our market leadership by delivering increased profits and dividends to shareholders.
“We achieved this by responding speedily to consumer preferences, by offering product innovation and improving our distribution channels.
“Our high-performing team adapted quickly to changing consumer expectations by adopting new ways of delighting our consumers in the market place,” Alarcon said.
According to him, the company enhanced its portfolio with new products, including MAGGI Signature seasoning mixes adapted to consumer tastes and cuisine across the country.
“CERELAC Junior fortified with iron was also launched to help meet the nutrition needs of pre-school children,’’ he said.
On the 2020 outlook, Alarcon said that Nestle Nigeria Plc would continue to focus on the innovation and the renovation of products and on rolling out new solutions and services in response to changing consumer needs.
“This will prepare us for the challenges ahead, while we partner with key stakeholders for the growth of the local economy.
“With society looking more to business to improve social amenities, Nestlé Nigeria will continue to invest in creating shared value by improving livelihoods in the communities closest to our business operations.
“This is in line with our purpose of enhancing quality of life and contributing to a healthier future.
“We will also drive new initiatives to empower our people to deliver outstanding results for themselves, for the organisation and for society,’’ the Nestle Nigeria Plc’s CEO said.
Edited By: Oluwole Sogunle
Nestle Nigeria appoints Ehimuan as Independent Non-Executive Director
Nestle Nigeria Plc on Thursday notified the shareholders, investing public and the Nigerian Stock Exchange (NSE) of the appointment of Mrs Juliet Ehimuan as an Independent Non-Executive Director.
The company, in a notice to the NSE by its Company Secretary/ Legal Adviser, Bode Ayeku, said the appointment was effective Feb. 24.
The notice said Ehimuan, the current Country Manager for Google in Nigeria, had about 25 years professional work experience.
It stated that Ehimuan started her career in 1995 and had worked for several companies in Nigeria and abroad.
“She started a firm called Strategic Insight Consulting Limited and later became the General Manager of Chams Plc’s Strategic Business Units.
”In April 2011, Ehimuan was appointed Google’s Country Manager for Nigeria.
”She holds a degree in Computer Engineering from the Obafemi Awolowo University; a Postgraduate Diploma in Computer Science from the University of Cambridge in the United Kingdom and an MBA from London Business School,”it said.
The notice added that Ehimuan’s contributions to technology and entrepreneurship won her several awards and recognitions.
“She is a recipient of the London Business Scool Global Women’s Scholarship- Selwyn College Scholar and Malaysian Commonwealth Scholar.
“She won the “IT Personality of the Year” award by the Nigerian Computer Society in 2012 and Marketing World Awards in 2016,” it stated.
Edited By: Oluwole Sogunle
Nestle Nigeria upgrades facilities in Sagamu community school in Ogun
In 2019, Nestle Nigeria Plc refurbished facilities, including classroom blocks, toilets, playgrounds and handwashing stations in primary schools close to its factories.
One of the beneficiaries is the NUD Primary School in Owode Egba, Ogun.
Community leaders, representatives of the ministry of education, teachers and students all expressed their delight with the improved facilities.
In a speech delivered by the Zonal Education Officer, Mr P.K. Omotayo, the Commissioner for Education, Science and Technology for Ogun, Mrs Modupe Mujota, commended Nestle Nigeria, saying: “Education is both a necessity and an investment which everybody must embrace with the seriousness it deserves.
“In building this library for Makun High School, Nestle Nigeria has not only uplifted the reading culture but has lived up to its Corporate Social Responsibility.
“It is also a show of good partnership with the Ogun State Government in the education sector.’’
Also, Mrs O. W. Sotunde, Principal of the Junior School, said, “Today is a unique day because the teeming population of over 3,000 students and their nursing teachers now have the privilege of a top class library and a well-equipped creche, both of which can match those of any renowned private school.’’
Gift Felix, an SS1 Student in the school said: “I am thankful for the support of Nestle Nigeria and the government of Ogun State in building this beautiful library.
“This grants us access to materials for preparing toward our dream professions. Words are not enough to express our profound gratitude to Nestle Nigeria. God bless you!’’
Community leaders and other stakeholders at the meeting urged the students to take care of the new facilities to derive the intended benefits while the school authorities committed to jealously protect, monitor and guard the library and its books from being damaged or rough handled.
Edited By: Adeleye Ajayi
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- Edo Governorship: ALGON kicks against direct primaries
- Iraq confirms 260 new COVID-19 cases, 10 deaths
- Gov. Okowa congratulates new NMA President, Prof. Ujah
- Bangladesh slowly hits restart button on economic activities after two-month lockdown
- Imo community begs for provision of basic amenties
- Bangladesh reopens offices, transport despite surge in COVID-19 deaths
- Gov. Okowa mourns former NNPC GMD, Maikanti Baru
- People more important than the economy – pope says about COVID-19 crisis
- Chinese medical experts in Sudan hold video conference about COVID-19
- Feature: Online shopping flourishes in Egypt amid COVID-19 partial lockdown
- Jekada member of Zamfara Assembly dies
- Gov. AbdulRazaq felicitates with Kwara Speaker at 35
- AbdulRasaq’s one year in office shows well in sports development – SWAN
- Lockdown significantly reduces infection rate in S. Africa: president
- Union lauds FG over Sharubutu’s appointment
- Somalia confirms 60 new COVID-19 cases as tally hits 1,976
- Unrest grips dozens of U.S. cities as Police, protesters clash
- BMO lauds Buhari on Executive Order 10
- Iran deploys military helicopters to fight fire in forests
- Yobe Road Agency to enforce traffic regulations – Official
- Urgent: UK COVID-19 deaths rise to 38,489 as another 113 patients die
- North Macedonia reports 62 new COVID-19 cases
- Ebonyi indigenes in Diaspora demand probe of state’s financial records
- Research outfit releases findings on Nigerians’ response to COVID-19 pandemic
- Commentary: Ghost of McCarthyism back in the United States?