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No More Excuses, Osinbajo Tells Non-Performing Ministers

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Acting President Yemi Osinbajo has said the Muhammadu Buhari administration will no longer accept excuses that suggest that delivering sustainable socio-economic development to Nigerians is not attainable.

He spoke yesterday at the Cabinet Retreat on the Economic Recovery Growth Plan (ERGP) and the 2018 Budget preparation at the State House, Abuja.

In a statement by Laolu Akande, Senior Special Assistant on Media and Publicity, Osinbajo said: “After listening to Dr. Idris Jala all I can say is as the opposition leader in Malaysia said, this is what I have been saying for the past 50 years!

“But seriously he is so right; the challenge is this, the discipline to be unreasonable in our targets and objectives. The discipline of attending the labs diligently and accepting to be locked in a room for as long as it takes to iron out what it is that needs to be done.

“I like the point also that Dr Jala made that the excuse that it won’t work here, the Nigerian factor, or some say exceptionalism, or the acceptance of failure before you even start is certainly not tenable any more.”

Osinbajo went on: “We simply have to accept that there is nothing Nigerian about failure, because as we know in our personal lives, failure and success are commodities on offer to everyone all over the world and every individual and every country makes a choice of which to buy and I will say on our behalf that we will choose success.

“Dr Jala, I have heard motivational speeches, but this is one I think that challenges our whole legitimacy as persons entrusted with leadership.

“I think it goes beyond motivational speech. I think it really challenges the core of our relevance as leaders and I am challenged and I know that many of us here are and I think that we will do what we need to do to make sure that we see through the labs that we have to identify specific areas where we will do this labs. We must see to it that this works.

“I want to thank you again for this exceptional moment you have taken us through and to thank all of you also for taking the time to come. So the work has just begun.”

Permanent Secretaries and heads of Ministries Departments and Agents (MDAs attended the retreat at the old Banquet Hall of the State House, Abuja.

The retreat, which is on the Implementation of the Economic Recovery and Growth Plan (ERGP) and the 2018 budget preparation. It was with the theme:  “Building Synergy For Effective ERPG Implementation”.

The Federal Executive Council (FEC) on Wednesday approved the 2018-2020 Medium Term Expenditure Framework (MTEF).

At the end of the retreat, Udoma Udo Udoma, Minister of Budget and National Planning told reporters: “It was basically about the ERGP and preparations for the 2018 budget and linking the plan with the budget and we will be briefing cabinet members about the linkages between the plan and the budget.

“Basically, we have to keep on reviewing at every stage. So, this is review about where we are, what needs to be done and what steps we need to take in areas that we need to fast track.

“We are moving ahead in terms of the modalities that have been defined. This is not the time to actually say what stage and so on. We will be giving briefings.”

On when the MTEFF will be sent to the National Assembly, Udoma said: “National Assembly is on break, so, nearer the time they will resume in September but ours is to follow the Fiscal Responsibility Act which has some timelines and we are trying to keep strictly by those timelines.”


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Adeleke Describes Adenuga’s Contribution to African Economy as Unquantifiable

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Senator Ademola Adeleke, the Osun State Governor, has described the Chairman of Globacom, Dr. Mike Adenuga, Jr., as an icon who has made enormous contributions to the development of Nigeria and Africa.

Speaking when he received the Public Sector team from Globacom in his office at Osogbo recently, the governor also commended the positive impact the company has made in the telecoms industry in terms of innovation and pricing.

He described Dr Adenuga as a great believer in Nigeria “whose impact on the Nigerian and the African economy cannot be quantified”.

Adeleke assured the Globacom team led by Niyi Odejobi of his government’s readiness to explore areas of business partnership with the company. “Be rest assured that this partnership is already a reality. We just need to work out the details”, Senator Adeleke noted.

He urged telecommunications companies to strengthen ties with the state government, adding that “the subnational entities are where your market is. Even though the regulatory body is national, your market base remains the states and the local governments. You must deliberately prioritize partnership with the state government.

“The telecom community must understand that giving full support to the states in terms of payment of right taxes and corporate social responsibility is an investment in your market. The more robust the state governments are, the more buoyant your market will be,” the governor said.

In his own remarks, Odejobi pledged Globacom’s support for the growth and development of Osun State, adding that it would deploy various internet and digital infrastructure to promote governance and businesses in the state.


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Foodstuff Store introduces Innovative Recycling Program

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Foodstuff Store, an AgriTech company on Wednesday announced the introduction of its innovative recycling program. The expansion of the corporate mission to include waste management and recycling solutions underlines the company’s commitment to sustainability and environmental responsibility.

Foodstuff Store is providing a way by which their customers who are provided with wholesome and fresh food products directly from farmers can now dispose of their plastic wastes as an added service, thereby reducing their ecological footprint.

For every waste item delivered for recycling by customers, they’ll receive a credit that can be used for a next purchase at the Foodstuff Store.

Not only will this ensure a contribution to a cleaner environment, but it will also provide a way to incentivise their efforts towards adopting sustainability practices.

“We are thrilled to offer our customers a convenient way to recycle and contribute to a cleaner Nigeria and a cleaner planet,” says Diana Tenabe, Chief Operating Officer at Foodstuff Store. “By offering rewards for recycling, we hope to incentivize eco-conscious behavior within our communities in Nigeria.”

Nigeria faces a significant challenge with plastic pollution. The prevalence of single-use plastics, which is caused by widespread use of sachet water pouches, plastic shopping bags, and take-away containers, leads to massive waste generation. There are also recycling capacity challenges in Nigeria, where only a small percentage of plastic waste gets recycled.

Additionally, indiscriminate disposal of plastics and other waste materials contributes to overflowing landfills with plastics, clogged drainages that lead to flooding, and harming marine life.

Foodstuff Store believes that by working together with its customers, it can create a positive impact on the environment. This new program allows customers to enjoy the quality products and services they expect from Foodstuff Store, while also contributing to a more sustainable future.


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Edenlife Opens the first Homemade Outlet Store in Oniru, to open 49 more Across the Country 

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Homemade by Eden, the food retail business of Nigerian home concierge startup, Edenlife has marked a significant step towards National expansion with the launch of its first Outlet store in Oniru, Lagos State. This move signals the company’s commitment to bringing its signature homemade meals directly to consumers across the country.

Commenting on the launch of the Oniru Outlet, Nadayar Enegesi, CEO of Edenliife stated, ‘’At Eden Life, it’s in our DNA to adapt and meet the evolving needs of our consumers.

The new outlet store by Homemade exemplifies this commitment. These outlet stores will deliver delicious, home-cooked meals to its customers and create job opportunities in logistics and tech support, driving local economic growth.

By sourcing fresh ingredients from smaller Nigerian farms, we strengthen the agricultural sector and ensure a reliable supply chain. And there’s more to come we have plans to launch mobile kitchens in other strategic locations across the nation.

It’s a win-win situation – our customers enjoy a taste of home, we create jobs, empower local businesses, and contribute to a stronger Nigerian economy.’’

The establishment of these outlet stores translates to new job opportunities in logistics and potentially tech support for the mobile units. Additionally, the focus on fresh, local ingredients could encourage partnerships with smaller Nigerian farms, strengthening the agricultural sector and supporting local food production.

This localized approach to food delivery keeps money circulating within communities and fosters a more sustainable economic ecosystem.

Speaking at the launch event on Friday, May 10, 2024, Orafiri Adoki, Business Lead of Homemade stated that some of Nigeria’s food culture has not been fully explored.

She stated, “Nigeria has such a rich culture around food, which has not been explored to its maximum. So, with the launch of the Homemade outlet, we hope to introduce some of the meals Nigerians are used to at home while providing creative and innovative ways to enjoy these meals,” .

As Nigeria’s e-commerce sector continues to evolve, Eden Life’s innovative approach positions the company as a frontrunner in driving industry growth and reshaping consumer expectations. By providing a seamless omnichannel shopping experience, Edenliife not only captures market share but also cultivates meaningful connections with Nigerian consumers.

Nigeria’s e-commerce industry has been experiencing a boom in recent years, driven by factors like increasing internet penetration, smartphone adoption, and a growing young population. The e-commerce market in Nigeria is estimated to be around USD 8.53 billion in 2024.

It is expected to grow at a compound annual growth rate (CAGR) of 11.82% during the forecast period (2024-2029), reaching approximately USD 14.92 billion by 2029. E-commerce is expected to continue its strong growth trajectory in Nigeria, presenting immense potential for e-commerce platforms like Edenlife to capitalize on the rising demand for convenient and affordable food options.


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