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Dangote, banks, Sundry Foods commit to economic growth, food Security

Nigerian economy

Dangote Group, Sundry Food Limited, Access Bank Corporation and United Bank for Africa (UBA), have reiterated their commitment to continue to grow Nigeria’s economy through various initiatives, while creating job opportunities.

The companies made the pledge during the Association of Business Editors of Nigeria (ABEN) annual workshop, themed: “Infrastructure Financing as Pathway to Sustainable Economic Development,” in Ikeja, Lagos.

The companies also promised to continue to devote resources to impact their host communities and the Nigerian society through job creation and citizens’ wellbeing.

The Dangote Group, represented by a three-man team, including, Okey Nwankwo, Francis Awowole Brown, and Sunday Esan of the Corporate Communications Department, showcased the company‘s imprints in manufacturing, cash crop production, foods processing and lately Oil and Gas businesses.

The Group said its investments in the Nigerian economy have created jobs in its host communities and beyond, thereby enhancing the social and economic living standards of its workforce, all of which have contributed to the nation’s Gross Domestic Product (GDP).

Through the exportation of its cement products, the company said it is helping the country to generate more foreign exchange.

It also assured that its expansion drive will further enhance its profitability, and through its activities will continue to reward shareholders handsomely through improved dividend pay-out, and good return on investments.

Earlier, the Managing Director, Sundry Foods Limited, Ebele Enunwa, represented by the General Manager, Lagos Region, Jubril Shoaga, reassured that despite the harsh operating environment that is affecting business growth nationwide, Sundry Foods will continue to pursue its growth trajectory to become a major player in the food and service industry.

The companies also promised to continue to devote resources to impact their host communities and the Nigerian society through job creation and citizens’ wellbeing.

He equally called on the government to address the challenge of multiple taxes currently crippling the Small and Medium Enterprises’ (SMEs) activities across Nigeria, stressing that this remains a disincentive to entrepreneurs, who are already struggling to source funding to expand and grow their businesses.

Similarly, the Group Head, Media and External Relations at UBA, Nasir Ramon, said the pan-African bank has enhanced delivery touch points in line with developments in the global economy with its services now driven by technology and branch expansion.

Through its services, he said, UBA is able to incorporate the financially-excluded into the banking system, thereby enhancing financial inclusion.

He equally stressed that the bank has supported many Micro, Small and Medium Enterprises (MSMEs) financially so that they could either start their dream businesses or expand the existing ones, promising to continue in this trajectory.

Also speaking, the Head, Media and External Relations at Access Bank Corporation, Abdul Imoyo, said the bank’s recent adoption of a Holding company structure has made it a financial hub, where customers can have access to banking services and other financial support services like insurance, pension, asset management, trustee services, among others.

He said the bank will continue to intensify its aggressive move to cover more grounds through its products and service delivery in Africa as well as on the global stage.

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