Nestlé Nigeria Plc has reiterated its commitment to pursue an aggressive road map to increase its local content from current level of 80 per cent.
The company restated the commitment in a statement after its 2019 Suppliers’ Day event in Lagos, an annual meeting which brings together key suppliers of its raw materials, packaging materials, services and indirect services to share best practices.
It said an increased local content was expected to place the company at the forefront of supporting the growth of Small and Medium Enterprises (SMEs) in the country through its local sourcing, backward integration and supplier development initiatives.
Supply Chain Manager for Nestlé Nigeria, Mr Nestor Finalo in his presentation at the event said: “Responsible sourcing has always been at the core of Nestlé Nigeria’s operations.
“We are committed to long term partnerships with our suppliers as we sustain efforts towards increasing the percentage of raw and packaging materials sourced locally.’’
He said that quality remained non-negotiable, adding: “As a company, we prepare for the future by investing in new technologies and products, while maintaining our strong focus on quality and striving for zero impact of our operations on the environment.
“Local Sourcing is not only a smart business decision to ensure supply but also the right thing to do as it contributes to transforming small and medium scale businesses involved in Nestlé’s value chain either directly or indirectly.
“Raw materials currently sourced locally by Nestlé include maize, cassava, palm olein, sorghum, soya and salt. The company also sources over 90 per cent of its packaging materials locally.
“The company is exploring more local sourcing opportunities which still exist for various spices, vegetables and high-quality cassava flour,’’ the statement quoted Finalo as saying.
Reports say that the event focused on the Global Food Safety Initiative (GFSI), ongoing measures for continuous improvement of suppliers’ performance and on consolidation of partnerships.
One of the facilitators, Mr Joseph Tanson, Country Procurement Manager, urged suppliers to take advantage of the new opportunities while adhering to the highest ethical standards and procedures in line with Nestlé’s responsible sourcing policies.
Participants at the event expressed their satisfaction, commending Nestlé for the continued collaboration with suppliers, which had provided opportunities for their development and in turn, the creation of job opportunities, a key touch point in the journey towards a more sustainable economic system for Nigeria.
Mr Sunday Bamikole, Quality Assurance Manager, Plantation Industries Ltd said: “The Suppliers Day hosted by Nestlé Nigeria was a fantastic event.
The participants noted that every day, Nestlé touches lives across its value chain in line with the company’s business principle of ensuring that it provides value for society while delivering value to its shareholders.
This business principle is called Creating Shared Value (CSV) and is embedded in the way Nestlé does business.
In Nigeria, the company is committed to improving livelihoods in the communities connected to its operations and to its value chain, from farm to fork.
Nestle Nigeria Plc began simple trading operations in Nigeria in 1961 and has today grown into a leading manufacturing and marketing company.
Nestle Nigeria is the biggest food company in West Africa. It employs around 2,300 people and has three world-class factories.
Nestle Nigeria manufactures and markets a range of high quality brands, including NESTLE PURE LIFE, GOLDEN MORN, MILO, MAGGI AND NESCAFE. (NAN)
CNG Committee Partners UN Agency On Greener Energy
The Presidential Compressed Natural Gas Initiative (PCNGI) has partnered with the United Nations Sustainable Energy for All for the provision of greener and more sustainable energy in Nigeria.
The Programme Director/Chief Executive, PCNGI, Michael Oluwagbemi, who duclosed this at a workshop in Lagos, Friday, reiterated Nigeria’s unwavering commitment to sustainable strategies which he said would propel the nation toward a greener, more sustainable future.
In a Statement, Oluwagbemi said the workshop marked a significant milestone in the commitment of the nation to join the rest of the world in the enhancement of sustainable energy access.
While noting that the workshop was held as a follow-up to an initial meeting between SEforAll CEO, Ogunbiyi and PCNGi Chairman, Adedeji, held in Abuja, Oluwagbemi said it also showcased the progress and key initiatives contributing to Nigeria’s sustainable development agenda.
“These initiatives, presented with impact and relevance, are pivotal in steering Nigeria towards a more sustainable future, aligning with global goals and impacting the nation’s development landscape”, he said.
“The workshop aimed to identify opportunities for collaboration and outline concrete steps for forging impactful partnerships between SEforALL and FIRS/PCNGi.
“PCNGi’s active participation in the workshop underscores its dedication to fostering collaboration among key stakeholders”, Oluwagbemi said.
According to him, the committee envisions a future where sustainable practices are ingrained in Nigeria’s energy landscape, contributing to economic growth, environmental conservation, and enhanced energy access.
He reaffirmed the commitment to ongoing collaboration for all parties to drive sustainable solutions contributing to Nigeria’s broader development goals.
“As Nigeria’s sustainable development progresses, PCNGI remains a driving force, ensuring that the nation’s green growth goals are met and exceeded”, he stated.
The PCNGI boss revealed that the workshop featured presentations on critical topics including Nigeria Energy Transition Plan, Nigeria E-bus Strategy, Solar Empowerment for Micro, Small and Medium Enterprises and Nigeria Carbon Market Activation Plan.
Tinubu Approves Fresh Marginal Field Bid
In a bid to revive Nigeria’s dormant oil and gas fields, President Bola Ahmed Tinubu has given the green light for a new marginal field bid round, aiming to auction dormant oil and gas fields abandoned by international oil companies (IOCs) for over a decade.
Minister of State for Petroleum (Oil), Heineken Lokpobiri, disclosed this during a visit to Waltersmith Petroman Oil Limited’s modular refinery in Imo State.
Lokpobiri said the decision came on the heels of a strategic meeting between the Nigeria Extractive Industries Transparency Initiative (NEITI), the Oil Producers Trade Section (OPTS), oil firms and miners at the NEITI-Companies Forum.
According to him, the impending bid round follows a previous initiative in 2020, where approximately 57 marginal oilfields were put up for sale, concluding last year.
He, however, noted that challenges such as funding constraints and regulatory complexities hindered many recipients from promptly developing these assets.
Senator Lokpobiri stressed that the forthcoming bidding round, backed by presidential approval, would prioritize marginal fields located near modular refineries adding that this strategic alignment aims to expedite the production process.
Emphasizing the significance of modular refineries in addressing the country’s energy challenges, Senator Lokpobiri highlighted their role while the larger refineries undergo comprehensive rehabilitation.
The move by the Federal Government is anticipated to breathe new life into stagnant oil and gas fields, fostering economic administration’s vitalization in the sector.
We’ve Robust PMS Supply To Last Beyond Yuletide-Kyari
The Nigerian National Petroleum Company Ltd. (NNPCL) says it has made a robust plan for the supply of petroleum products sufficient to last beyond the ember months and the new year festivities.
The NNPCL said the supply of petroleum products, especially the Premium Motor Spirit (PMS), known as petrol, would last beyond the Yuletide and new year festivities.
The Group Chief Executive Officer, NNPCL, Malam Mele Kyari, said this when he led a delegation on a courtesy visit to the President of the Senate, Sen. Godswill Akpabio, last Wednesday in Abuja.
Kyari, in a statement by Olufemi Soneye, Chief Corporate Communication Officer, NNPCL said by the creation of the National Assembly, NNPCL was saddled with the responsibility of guaranteeing Nigeria’s energy security which was critical to national security.
“We have made a robust plan for the forthcoming end of the year festivities and beyond. We do not see any shortages in the petroleum products supply for the period,” the GCEO added.
While lauding the National Assembly for the critical role it played in the enactment of the Petroleum Industry Act (PIA) 2021, Kyari said this legislative endeavour gave birth to a new commercially oriented National Oil Company, governed by the Company and Allied Matters Act (CAMA) principles.
Kyari stated that with the passage of the PIA 2021, NNPCL’s profitability margins had significantly risen, growing from a loss position of N803 billion in 2018 to a profit position of N674 billion in 2021.
According to him, NNPCL is targeting a profit increase of N2 trillion when the 2022 Audited Financial Statements (AFS) are released, and since July, 2023 the Company has started paying dividends to its shareholders.
He also said the NNPCL was involved in the entire value-chain of the oil and gas business and controlled about 30 per cent of the nation’s petroleum downstream retail market.
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