Business

Araoyinbo Scores Another goal, Emerges 21st Ondo Commerce Chamber president

Published

2 years ago

July 16, 2022

Adebayo

It was yet another beautiful milestone for Irun-Akoko. Ondo State-born entrepreneur and philanthropist,

Honourable Olugbenga Araoyinbo, on Friday, when he emerged the President, Ondo State Chambers of Commerce, Industry,Mines and Agriculture (ONDOCCIMA).

Araoyinbo, a former Majority Leader of the Ondo State House of Assembly, was elected president at the chanber’s Annual General Meeting, held in Akure, the Ondo State capital.

Araoyinbo is also incumbent President of Akoko Chamber of Commerce, Industry,Mines and Agriculture, AKOCCIMA.

All elective positions were filled by respective candidates from the different Chambers under ONDOCCIMA

In his acceptance speech, Araoyinbo promised to build on the legacies of the founding fathers as bequeathed to their generation for onward delivery to the next generations.

Excerpts of his acceptance speech:

ACCEPTANCE SPEECH OF OTUNBA HON.OLUGBEMIGA ARAOYINBO, AS PRESIDENT-ELECT OF ONDO STATE CHAMBERS OF COMMERCE, INDUSTRY, MINING AND AGRICULTURE [ONDOCCIMA] ON THURSDAY,14TH JULY,2022.

I would like to begin my acceptance speech as the 21st President of this great Association by giving thanks first to Almighty God the Author and Captain of our Souls for making us realised the dream of this day and to renewed my covenant with God before the public to use all my God-given potentials to serve this great Association.

I wish to extend my deepest respect and appreciation to all the leaders and members for their strong support most especially the founding fathers of ONDOCCIMA who through their sweat and dedication build this enduring legacy bequeathed unto us and the incoming generation to benefit.

I wish to start my appreciation by thanking the immediate Past President and the executives whose tenure ends this moment that paved way for my emergence and my executives for her tireless leadership of this great Association.

It will be an honor and a great privilege to follow her footsteps and to build upon the tremendous progress and legacies of her accomplishments recorded during her tenure as President.

She has been a champion for OSCCIMA leading an executives sailing the ship of this association to a peaceful harbor not that they simply weather some stormy seas during the ravaging Covid–Pandemic but led the Association to emerge stronger and united every time in those critical moments.

I am confident that the out-going executives will not abandon my executives as we will be in need of your experience to navigate this Association throughout our tenure.

In the spirit of sportsmanship, I wish to extend my hands of fellowship to every member regardless of their tendencies during the election.

I greatly look forward to your support in taking ONDOCCIMA to a greater level and I wish to say Big Thank You to the Adhoc Committee that supervised this free and fair election that graciously prepared and guided our members to mid-wife this smooth transition and change of baton.

I stand before you and deeply touched and inspired by your generosity to me in terms of the massive votes freely given to me and your words of congratulations and encouragement is an elixir propelling us to hit the ground running..

With boundless gratitude for the confidence reposed on me and the new executives by the members of this great association and with an unwavering resolve to honor that trust, I humbly accept my victory as the President-Elect of this great Organization, ONDOCCIMA.

I am deeply honored to become the new President of this great association and with God on my side I wish to also reassured our members that I will try as much as possible to lead a high performing Team of executives and we shall delivered on the mandates of our respective offices by fulfill all our election campaign promises and even do more.

Distinguished Members, I promise to play by the rules and at all time will be fair and extend equitable distributions of all opportunity to all members without discrimination.To those concerned about the strength of ONDOCCIMA.

I promise that with my Executives we are going to restore those great values by partnering with those who beliefs in the progress of our Association as we will fight to preserve and sustain ONDOCCIMA.

I will lead a team that will sustain the vision of our founding fathers by building a very strong and united ONDOCCIMA through an open door policy in my tenure. Distinguished Members, I wish to state on record here that My tenure will be build on the following cardinal principles and this is Our Future Outlook:

[1] I will work towards securing a land to build for our Association a befitting secretariat that will be ICT driven with global standard.

[2] Create opportunity for Local and International Conferences, Workshops and Exhibitions for All our Members

[3] Open our doors for positive collaborations and networking with Organisations and individuals to cross pollinate new and modern ideas and strategies to the benefits of our members.

[4] Prompt dissemination of up-to-date information to All our members to ginger their exposure to global best practices.

I will not conclude this address without thanking my immediate family and friends for their unflinching support allowing me to take up this uphill task to serve humanity in this regard-I love you and will remain grateful for ever.

Wishing you all the very best as we begin another historic chapter in the life of our great Association under my Watch….God bless you All.

Your Sincerely,

OTUNBA.HON.OLUGBEMIGA ARAOYINBO, Fmr,MHA

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Business

It’s A Done Deal! Wale Tinubu Shines like a new Penny as he Acquires NAOC

Published

1 day ago

July 25, 2024

Adebayo

As an entrepreneur par excellence, Jubril Adewale Tinubu, CON, the Group Chief Executive, Oando Group, has an uncanny ability to spot new business opportunities and create fruitful partnerships.

His visionary mindset and astute business acumen have allowed him to navigate the complexities of the Nigerian market and foster collaborations with leading international companies.

This, not only speaks to his own success, but also showcases the immense potential and possibilities that lie within Nigeria’s business landscape.

The world-class businessman is once again making waves in Africa’s economic landscape with his visionary leadership and strategic acquisitions, shining once again like a new penny.

Tinubu’s latest move – the historic acquisition of 100 percent stake in Nigerian Agip Oil Company Limited (NAOC Ltd) – is set to reshape Nigeria’s oil and gas industry.

The deal, that has been in incubation since last year September, has finally hatched.

This final acquisition was announced on Wednesday by the Italian oil and gas giant. It was disclosed that it had received regulatory approval from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).

Confirming this in the statement, the Italian oil company said it had obtained all other relevant local and regulatory authorities’ authorisations.

“Having already obtained all other relevant local and regulatory authorities’ authorisations, this achievement will allow Eni to proceed to the completion of the transaction for the sale of Nigerian Agip Oil Company Ltd (NAOC), Eni’s wholly owned subsidiary focusing on onshore oil & gas exploration and production as well as power generation in Nigeria, to Oando PLC, Nigeria’s leading national energy solutions provider, listed on both the Nigerian and Johannesburg Stock Exchange.

“NAOC Ltd participating interest in SPDC JV (Shell Production Development Company Joint Venture – operator Shell 30 per cent, TotalEnergies 10 per cent, NAOC 5 per cent, NNPC 55 per cent) is not included in the perimeter of the transaction and will be retained in Eni’s portfolio.

“Eni remains committed to the country through investments in deepwater projects and Nigeria LNG,” the company stated in a statement.

The company also said it was developing plans for economic diversification in the country.

Eni said this includes assessing the potential production of agri-feedstock for Enilive bio-refineries and various nature- and technology-based projects, such as clean cooking initiatives to offset emissions.

Eni has been operating in Nigeria since 1962, actively engaging in hydrocarbon exploration and production, as well as power generation.

Currently, Eni has a substantial portfolio of assets in exploration and production, with an equity production of approximately 40,000 barrels of oil equivalent per day net of NAOC contribution. Eni also holds a 10.4 per cent interest in Nigeria LNG.

NAOC focuses on onshore oil & gas exploration and production as well as power generation, Eni said in the statement.

With this landmark acquisition Oando will leapfrog from its current oil equivalent output from 25,000 barrels per day to 50,000 barrels per day.

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Business

Jambo Expands to Solana with Tether to Bring Blockchain Mobile Technology to Emerging Markets

Published

1 week ago

July 17, 2024

Adebayo

Jambo, the largest web3 mobile infrastructure bringing emerging markets

on-chain, announced that it’s expanding to the Solana blockchain along with Tether to offer

blockchain-enabled financial and educational technologies that cater to emerging markets.

Central to this is the JamboPhone, a $99 web3 smartphone that has been powerful in onboarding all

types of users on-chain in a mobile-first way. Combined with the Solana blockchain’s high throughput

capabilities and Tether’s dominant stablecoin, USDT, access to web3 financial and educational products

will be democratized to those who need them most in Southeast Asia, Africa, and Latin America.

Priced at $99 and already sold in over 120 countries, the JamboPhone is targeted towards Gen Z

consumers in emerging markets as their portal to the best digital products and opportunities globally.

Users can engage with the global economy by utilizing the preloaded Jambo Ecosystem applications

featuring DeFi, gaming, and web3 infrastructure applications. The JamboPhone aims to address some of

the most challenging issues faced by emerging markets, such as a large unbanked population and limited

access to smartphones. Users can purchase the JamboPhone with Solana Pay on JamboPhone.xyz.

The Jambo App: Empowering Users

The smartphone is equipped with the JamboApp, a comprehensive web3 platform that offers users a

range of services including decentralized finance, gaming, and educational content, all designed with the

emerging market user in mind. The JamboApp includes the JamboWallet, a non-custodial multichain

wallet which includes support for Solana tokens and USDT. Jambo will be giving out rewards primarily in

USDT, leveraging its broad acceptance and stability in emerging markets. Users will be able to complete

quests sponsored by Jambo and Jambo ecosystem partners, ranging from educational initiatives to

promotional tasks, with rewards now distributed primarily using SPL USDT. This initiative underscores

Jambo, Solana, and Tether’s role as pioneers in bridging the digital divide, aiming to democratize access

to digital financial tools and providing users with earning opportunities in emerging markets.

Leveraging Local Solana Communities

Additionally, Jambo will engage local Superteams to accelerate web3 adoption. Superteam is a global

community of web3 builders who are passionate about Solana. Their mission is to help web3 talent learn,

earn and connect with the Solana ecosystem. These teams, composed of local experts and enthusiasts,

will play a pivotal role in educating communities, fostering local development, and driving grassroots

initiatives that ensure sustainable growth within the web3 ecosystem.

“Back when I was building earn.com in 2017, our vision was to build a product ‘where there’s a phone,

there’s a job.’ Alice, James, and the Jambo team have realized that vision by developing web3 mobile

infrastructure bringing financial access to emerging markets,” said Lily Liu, President of the Solana

Foundation. “Jambo offers a gateway to web3 that is accessible to nearly anyone in the world, while

Solana enables financial access for nearly anyone with an internet connection. Together, we are

committed to making self-custody, financial opportunity, and educational resources accessible to millions.”

Why Emerging Markets

Emerging markets face their own unique set of economic challenges that Solana and Tether can address

with their blockchain and stablecoin solutions. In emerging markets, the use of USDT (Tether) significantly

surpasses that of other stablecoins, with over 34.2 million unique wallets utilizing USDT as of April 2024.

This broad user base highlights the widespread trust and adoption of Tether in these regions. With

Jambo’s game-changing smartphone, Solana’s fast transaction processing, low transaction fees, and

Tether’s robust and widely-used stablecoin, users now have access to stablecoin and crypto payment

rails, alternative banking access, and global earnings opportunities.

“We want to bring emerging markets on-chain,” said James Zhang, Co-founder of Jambo. “Bringing

Jambo to Solana and Tether allows us to provide a comprehensive solution that addresses the unique

needs of these regions.”

“Emerging markets stand out as promising grounds for financial inclusion. Their demand for tools like

USDT fuels our dedication to shaping a brighter financial future for users in these regions.” said Paolo

Arodino, CEO, Tether. “By providing affordable access to web3 technologies through the JamboPhone

and leveraging the power of the Solana blockchain, Jambo is empowering users in these regions with the

tools they need to participate in the global digital economy. The integration of SPL USDT as a reward

mechanism further strengthens this initiative, offering users a stable and secure digital asset.”

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Business

Galaxy Backbone Limited Strengthens Partnership with Enugu State Government

Published

3 weeks ago

July 4, 2024

Adebayo

In a significant move to enhance digital infrastructure in Enugu State, Nigeria, executives from Galaxy Backbone Limited, led by Hon. Olusegun Olulade, Executive Director of Customer Centricity and Marketing, paid a partnership visit to the state government.

The delegation was warmly received by His Excellency, Governor Peter Mbah, at the Governor’s Office in Lion Building, Enugu.

Galaxy Backbone Limited, a premier ICT services provider in Nigeria, aims to foster connectivity and digital transformation across various sectors within the state.

The collaboration encompasses several critical areas, including the provision of connectivity in all 265 Smart Schools across 260 wards, 160 primary health centers, the Enugu State Secretariat, and the Lion Building.

Additionally, Galaxy Backbone will offer data center and cloud services, alongside other ICT-related services as required by the state government.

Governor Peter Mbah expressed his gratitude and optimism regarding the partnership, stating, “It was indeed my pleasure to meet you and your team this evening at my office. Thank you most sincerely for your kind words and expression of support. I look forward to collaborating with Galaxy Backbone in areas that are necessary to achieve our common goals.”

The meeting was attended by key officials from both the Enugu State Government and Galaxy Backbone Limited. Present from the state government were Secretary to the State Government (SSG) Prof. Chidiebere Onyia, Special Adviser on Governor’s Delivery Unit Mr. Ozurumba Afigbo, and Special Adviser on ICT Mr. Nnaemeka Ani.

Representing Galaxy Backbone were Mr. Henry Akubue, Acting Regional Coordinator for South East and South South, Engr Udochi Ododo, Head of Solution Design, and Mr. Obinna Ifenze, Admin for South East and South South.

Hon. Segun Olulade commended Governor Peter Mbah for his hospitality and the productive discussions that promise to drive significant advancements in the state’s ICT landscape.

According to Hon. Olulade, “This partnership is poised to play a crucial role in the digital transformation of Enugu State, ensuring enhanced connectivity and improved services across various sectors.

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