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Femi Otedola’s New Electricity Deal with Lagos State Govt

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From left Dr. Akinwunmi Adesina, Governor Sanwoolu and Femi Otedola

Ever wondered why billionaire businessman, Femi Otedola is constantly a top player in the business climate? Well, the answer is simple. He always thinks deep and is always ahead of his contemporaries. 
Without doubt, the business magnate holds a special place among businessmen in Africa. He is blessed with unequaled business wisdom and ingenuity to see opportunities where others would behold nothing. These, among others things have set him far apart from many ordinary business magnates across the continent of Africa.

And for the umpteenth time, he has established himself as someone ahead of the game with great ideas that leaves many in awe of his mastery of the game. Why wouldn’t you applaud him? He is a cognoscenti in the business sector.
He has proven himself as a formidable force in the sector and he has left his indelible imprint anywhere he finds himself.  
You would do yourself some good by consulting the business magnate for a helpful business tutorial.   
Yesterday, Tuesday, July 11, 2023, he unveiled his ambitious plans to develop a power transmission project in collaboration with the Lagos state government under a Public-Private Partnership (PPP) arrangement.
The announcement was made after a tripartite meeting between Otedola; Lagos State Governor Babajide Sanwo-Olu and Dr. Akinwunmi Adesina, the African Development Bank Group President.
In a statement shared on his official Instagram account, Otedola expressed optimism about the ongoing talks, which aim to establish Nigeria’s first-ever PPP power transmission project.
Geregu Power Plc, Otedola’s power-generating company, is expected to play a pivotal role in the power transmission project, which is currently in discussion.

This recent development by Otedola and Lagos Government emerged in the wake of the Nigeria Electricity Act 2023, which was recently signed into law by President Bola Tinubu.
The act empowers state governments and private individuals to transmit electricity in areas covered by the national grid, ultimately aimed at decentralizing electricity regulation.
Geregu Power Plc, Otedola’s power-generating company, is expected to play a pivotal role in the power transmission project, which is currently in discussion.
The company currently owns three natural gas-fired power plants that generate a combined capacity of 435 megawatts, constituting 10 percent of Nigeria’s total power generation capacity.
With such a strong presence in the country’s energy generation sector, Geregu Power has established itself as a formidable player.
In line with its vision for growth, Geregu Power aims to expand its operations and enhance its power generation capacity.
Over the next two years, the company plans to increase its total capacity from the current 435 megawatts to an impressive 1300 megawatts.
This strategic move not only showcases Geregu Power’s dedication to meeting the energy needs of Nigerians but also underscores its objective to bolster revenue and earnings by capitalizing on the thriving power sector.
As Otedola and Lagos forge ahead with their plans, the spotlight shines on Geregu Power as it takes center stage in Nigeria’s power industry.
The forthcoming PPP power transmission project signifies a significant step toward achieving a more sustainable and efficient power infrastructure, thereby driving the nation’s development and progress.

Four years ago, Otedola had proved to the world that he is indeed a genius when it comes to investment and the art of making money when he announced that he would be quitting the oil and gas sector by selling off his shares in Forte Oil in June 2019.
While many business analysts saw this as a wrong move at the time, Otedola followed his intuition and stuck to his decision. That decision has turned out to be one of his best investment decisions ever. It is a fact that he knows when to invest and when to re-invest.  

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It’s 7 Star Performance for Chain Reactions at 2024 SABRE Awards

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It was a seven-star performance for Chain Reactions Africa (CRA), one of Africa’s leading Public Relations and Integrated Communications Consultancy as it took home seven African SABRE trophies, more than any other public relations firm in Africa in the 2024 competition.
The awards which were held at the end of the annual African Public Relations Association (APRA) Conference, were presented by Provoke Media, organisers of the awards in Basam, Abidjan, Cote D’Ivore on May 16th 2024.
The work covered campaigns for the Lagos Metropolitan Area Transport Authority (LAMATA), and its Lagos Blue Rail, 9mobile’s The Hack – Expand Your Hustle’, ‘Taming the Bull’ for the Presidency, ‘Next Era of Happiness’ for leading biscuit company, Pladis Foods Nigeria Limited.
Receiving the awards on behalf of Chain Reactions and its clients, was its Managing Director/Chief Strategist, Israel Opayemi, who noted that this is a seven-star performance by Chain Reactions Africa at the 2024 SABRE Awards.
In his comments Opayemi said “to emerge as the highest winner at the 2024 edition of the award with seven SABRE Awards is humbling as well as exciting for us at Chain Reactions Africa. We are immensely proud to be honoured on such a global platform like the SABRE awards which is the holy grail of Public Relations globally as the awards programme is dedicated to benchmarking the best PR works across the globe.”
He continued, “I am making a three-fold dedication of these multiple trophies to our clients who believe in us, my team members who do the brave works relentlessly and our dear country Nigeria. Ten years ago, we were at the SABRE Awards in Miami, Florida in the United States watching and applauding as winners took turn on stage. Ten years ago, we were asking for a seat at the table. Today, we are sitting in creative resplendence at the head of the table. Today, we are flying the Nigerian flag on the global stage. We are now a territory of reckon and relevance in the global PR space.”
It seems winning awards is just a Chain Reactions thing, chuckled Arun Sudhaman CEO and Editor-in-Chief of Provoke Media, organizers of the SABRE Awards as Opayemi rose up seven times to receive the awards. The PR consultancy also picked up four Certificates of Excellence in recognition of its work launching the Nigerian Youth Trend Report 2024 known as ‘ARAMANDA’, ‘Next Era of Happiness’, ‘Lagos Blue Rail’, ‘The Hack – Expand Your Hustle’, and ‘Taming the Bull’.
In his reaction, President and Chairman of Council of the Nigerian Institute of Public Relations (NIPR) described the awards by Chain Reactions Africa as “a harvest of honours for Nigeria”. He thanked the Chain Reactions Africa team for their outstanding works saying, “thank you for making us proud.”
Chain Reactions Africa has over the years won several prestigious SABRE awards and has been awarded more than 15 Certificates of Excellence. At last year’s award, the company won CEO of the Year category for the Lagos State Governor, Babajide Sanwo-Olu for use of public relations to tell the story of his administration’s achievements and scooped two Certificates of Excellence in the Corporate Image category for the ‘Momentum Campaign’ for Cellulant, a flagship payment solution provider; and ‘Marketing to Consumers’ category for ‘The #NaijaHighlandah Campaign’ for William Lawson’s, Scotch Whiskey brand.
The 2024 Africa SABRE Awards shortlist included more than 120 campaigns, selected from over 500 entries in this year’s competition, which recognises Superior Achievement in Branding, Reputation and Engagement. The campaigns were evaluated by a jury of industry leaders.


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Abuja Investments Company Limited Launches Automated System

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In a significant stride toward modernization and efficiency, Ambassador Maureen P. Tamuno, Group Managing Director and CEO of Abuja Investments Company Limited (AICL) has unveiled an Automated Tollgate System for streamlining access control, security enhancement, and facilitation of smoother operations in Garki Ultra -Modern Market in the Federal Capital Territory.

According to Fatima Nadada, Head of Communications, AICL, the automated system will among other things provide: Smart Access Control; also, the new system employs cutting-edge technology to regulate entry and exit at the market gates by ensuring that only authorized individuals can access the premises.

“In addition, there is room for real-time monitoring of activities as market administrators can monitor activities at the gates in real time, allowing for prompt responses to any anomalies or security breaches.

 “Also, the system collects data on foot traffic, peak hours, and patterns. Thus, enabling informed decision-making by the management of the market, as well as efficient revenue collection, since it will improve automated payment processing, simplifies fee collection, reduce paperwork and enhance transparency.”

In her remarks at the event, Ambassador Tamuno expressed enthusiasm on the milestone and was optimistic that the automated system would not only empower market stakeholders but contribute to the growth of FCT’s economy.


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Bigi Carbonated Soft Drinks Treats 40 Consumers to an Epic Easter Movie Hangout

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Reinforcing her commitment to a delightful consumer experience, Bigi Carbonated Soft Drinks, a leading brand from Rite Foods Limited, hosted 40 lucky fans to an impressive Easter celebration. This exciting Easter movie hangout took place at Silverbird Cinemas, Ikeja City Mall, Lagos, and featured a screening of the movie, “Beast of Two Worlds (Ajakaju)”.

The movie’s portrayal of traditional Nigerian society alongside its thrilling plot left the Bigi consumers thoroughly entertained. After the movie, the fans received exciting freebies and expressed their gratitude to the Bigi brand for this special Easter treat.

Biola Aransiola, Assistant Brand Manager, Bigi, commented on the event, highlighting Bigi’s dedication to showing appreciation to their consumers. “This movie hangout served as a way to celebrate Easter with our loyal fans and provide them with a truly extraordinary experience, all while enjoying the refreshing and diverse range of 13 Bigi flavours,” Aransiola stated.

Bigi Carbonated Soft Drinks has consistently demonstrated a strong commitment to consumer well-being. The brand actively connects with its audience by creating opportunities to fulfill their dreams and offering refreshment throughout their journeys. Bigi’s dedication to its consumers is further solidified through sponsorships of various initiatives, earning them prestigious awards such as the “Most Innovative Carbonated Soft Drink Brand of the Year” (2023), “Friendly Brand of the Year” (2023), and “Best Value for Money-Carbonated Soft Drink Brand” (2023), among others


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