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Buhari Names Dangote Chairman of National End Malaria Council

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Buhari Names Dangote Chairman of National End Malaria Council

Chairman of Aliko Dangote Foundation and Africa’s richest man, Aliko Dangote has been named the pioneer Chair of the National End Malaria Council (NMEC), a body established by President Muhammadu Buhari to eliminate the scourge of malaria in the country. The National End Malaria Council (NMEC) was inaugurated by the President at a well-attended event in the Presidential Banquet Hall, Aso-Rock Villa, Abuja yesterday.

Dangote, who accepted the responsibility of chairing the Council, said the new function was in tandem with his current roles as the Nigerian Ambassador for Malaria, his role on the Global End Malaria Council, and with the work that his Foundation, Aliko Dangote Foundation is doing to mobilise the private sector to support malaria control in Nigeria in particular, and Africa at large.

While inaugurating the 16-member Council, President Buhari projected that the successful implementation of the Council’s agenda and savings from the estimated economic burden of the disease would save Nigeria about N687 billion in 2022 and N2 trillion by 2030.

The President told the Council that beyond improving the quality of life, health and well-being of Nigerians, the concerted strategy to tackle malaria had both public health as well as socio-economic benefits for Nigeria.

“Our inauguration today will therefore ensure that malaria elimination remains a priority on our agenda, with strong political commitment from leaders at all levels. Additionally, the End Malaria Council will provide a platform to advocate for more funding to protect and sustain progress made so far by our country, and put us on a pathway to ending malaria for good,” the President said.

Expressing concern that the age-long disease had remained a major public health challenge in Nigeria, the President cited the World Health Organisation (WHO) report of 2021, showing that Nigeria alone accounts for 27 per cent of all cases of malaria and 32 per cent of deaths globally.

On his choice of Dangote to chair the Council, Buhari explained that it was in recognition of the track record and passion of Africa’s richest man in supporting initiatives on various health issues such as polio and primary health care system strengthening.

He expressed confidence that Dangote would bring his outstanding achievements to help the country achieve its goal of malaria elimination, adding that a group of eminent personalities, who have also made their mark across all walks of life, have been selected to work in the Council. He added that the membership of the Council reflects Government’s commitment to significantly reducing the malaria burden in Nigeria, to a level where it is no longer a public health issue.

President Buhari also thanked the Chairman of the African Leaders Malaria Alliance (ALMA), President Uhuru Kenyatta of Kenya, the Executive Secretary of ALMA, RBM Partnership in Nigeria for their continuous support to the Federal Ministry of Health and the malaria programme, in particular. He also acknowledged the contributions of the Global Fund, the United States Agency for International Development (USAID), the President’s Malaria Initiative, Bill and Melinda Gates Foundation, WHO, UNICEF, UK Foreign and Commonwealth Development Office, other implementing partners, and the private sector.

In his acceptance speech, Dangote thanked the President and all members of the Council for entrusting him with the enormous responsibility, pledging to work hard to achieve the mandate.

“I must confess that this resonates with my current role as the Nigerian Ambassador for Malaria, my role on the Global End Malaria Council and with the work that my Foundation is doing to mobilise the private sector to support malaria control in Nigeria and Africa at large,” he said.

“It is with humility that I today accept the responsibility to be the Chair of the National Malaria Elimination Council. I am also grateful to the Minister, Federal Ministry of Health for nominating me to serve in this capacity. I would also like to express my gratitude to all the members of the Council for entrusting me with an enormous responsibility which I pledge to fulfil.

“In 2016, Aliko Dangote Foundation supported the development of a Private Sector Engagement Strategy for Malaria Elimination in Nigeria. The document highlighted private sector support in the fight against malaria as well as a strategy for private sector engagement and steps for implementation. In fulfilling our longstanding commitment/investment to end malaria, my Foundation will continue to support all efforts at mobilising all sectors to end malaria in Nigeria and Africa at large”, Dangote added.

Speaking on behalf of the Council members, Dangote said, “Together we will work hard to ensure that malaria elimination remains high on Nigeria’s agenda with strong political commitment from leaders at all levels. We will advocate at the National and State levels to ensure sufficient funding for malaria elimination. The Council under my watch will drive progress toward malaria elimination by focusing on two key areas: Ensure that malaria elimination remains high on Nigeria agenda with strong political commitment from leaders at all levels; and advocate at all levels to ensure sufficient funding to protect the progress made so far, sustain the progress, and be on an irreversible pathway to ending malaria for good.”

In separate remarks, the Minister of Health, Osagie Ehanire, and the Minister of State for Health, Joseph Ekumankama Nkama, said since 2010, Nigeria has been recording a continuous decline in malaria from 42 per cent in 2010, 27 per cent in 2015 to 23 per cent in 2018.

Quoting figures from the 2010 Nigeria Malaria Indicator Survey and the 2018 Nigeria Demographic and Health Survey, they attributed the decline to the thorough implementation of the National Malaria Strategic Plan (NMSP). Both ministers, however, admitted that funding gap has impacted the implementation of the malaria programmes in Nigeria, adding that the country needs N1.89 trillion to reduce malaria prevalence and mortality by 2025.

The Council members are: Shehu Ibrahim, Permanent Secretary, Office of the Vice President on Political and Economic Affairs, Governor Kayode Fayemi of Ekiti State and Chairman of the Nigeria Governors’ Forum (NGF), Sen. Yahaya Oloriegbe, Chairman, Senate Committee on Health, Hon. Abubakar Dahiru, Chairman, House Committee on AIDS, TB and Malaria, Dr. Ehanire, Hon. Ekumankama, Mahmuda Mamman, Permanent Secretary, Federal Minister of Health.

Others include, Tony Elumelu, Chairman, Board of Directors, UBA, Folorunsho Alakija, CEO, Rose of Sharon Group, Herbert Wigwe, CEO, Access Bank, Femi Otedola, CEO Forte Oil, Hajiya Lami Lau, President, National Council of Women Societies, John Cardinal Onaiyekan, Emeritus Archbishop of Abuja Catholic Archdiocese, Alhaja Rafiyat Sanni, National Amira, Federation of Muslim Women Nigeria (FOWAN) and Dr. Perpetua Uhomoibhi, NEMC Secretariat/National Coordinator, National Malaria Elimination Programme (NMEP). Malaria is a life-threatening disease caused by parasites that are transmitted to people through the bites of infected female Anopheles mosquitoes. It is preventable and curable. In 2020, there were an estimated 241 million cases of malaria worldwide. The estimated number of malaria deaths stood at 627,000 in 2020.

The WHO African Region continues to carry a disproportionately high share of the global malaria burden. In 2020 the Region was home to 95% of all malaria cases and 96% of deaths. Children under 5 years of age accounted for about 80% of all malaria deaths in the Region.

Four African countries accounted for just over half of all malaria deaths worldwide: Nigeria (31.9%), the Democratic Republic of the Congo (13.2%), United Republic of Tanzania (4.1%) and Mozambique (3.8%).

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51st AGM: GSK Consumer Nigeria PLC Grows Revenue By 5.42% Amid Tough Operating Environment

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GSK

GlaxoSmithKline Consumer Nigeria Plc, a leading research-based pharmaceutical, and healthcare company has declared a dividend of N538.14 million for the year ended December 2021. The declaration follows an impressive 5.42% growth in revenue of N22.445 billion amidst a very challenging operating environment compared to N21.30 billion recorded in 2020.

During the Company’s 51st Annual General Meeting, which was held in Lagos, shareholders approved the dividend at 45kobo per share, representing a 11.11% increase from the 40kobo declared in 2020. The shareholders appreciated this growth and reaffirmed their belief in the leadership of the company to grow the business into the next year.

According to the financial statement of the Company, profit after tax for the year under review grew by 5.88% to N658.81 million from N622.23 million in 2020. Speaking at the AGM, the Chairman of the Board of Directors at GlaxoSmithKline Consumer Nigeria Plc, Mr Edmund Onuzo thanked the shareholders for their support throughout the year and promised that the Board and Management will continue to explore opportunities for the growth, profitability and sustainability of the Company.

Onuzo commended the Nigerian government’s efforts to achieve economic stability in the system and stated that the country will remain on the path of growth and development if the several economic reforms of the government are diligently implemented.

“It is encouraging to note that the Nigerian government is constantly adopting different mechanisms to diversify the Nigerian economy from the single-minded posture that largely depends on oil revenue for foreign exchange. Whilst we appreciate the efforts of the Government, it is important to enjoin them to maintain the focus on improving the operating environment with more policies aimed at providing a more conducive environment for businesses to thrive”, he said.

Regarding the Company’s social support activities particularly during the Covid-19 pandemic, Onuzo said GSK’s special purpose is to improve the quality of human life by helping people do more, feel better and live longer. “In 2021, through GSK’s partnership with Save the Children International (SCI) (INSPIRING project) GSK donated medical equipment, instruments, and consumables worth over N100 million to 30 health facilities in Lagos and Jigawa States in Nigeria.

Additionally, we made a direct donation of Personal Protective Equipment (PPE) to the Nigeria Association of Resident Doctors (NARD) and Medical Guild, Lagos to provide much-needed protection to our frontline health workers”, Onuzo explained. In his remarks, the Managing Director of GlaxoSmithKline Consumer Plc, Mr Kunle Oyelana said the achievement in the year under review is reflective of a collaborative effort from all key stakeholders of the healthcare delivery subsector.

According to Oyelana, GSK is committed to remaining Nigeria’s leading healthcare company, with its pharmaceuticals, vaccines, and consumer healthcare products allowing Nigerians to do more, feel better, and live longer. “We are pleased with the results for 2021, it spoke to our dedication and partnership with stakeholders in ensuring growth in the business and the resilient spirit of the GSK team. We will continue to evolve to ensure sustained growth in our business operations bordered around our three business areas of pharmaceuticals, vaccines, and consumer healthcare”, he said.

About GSK
GSK Consumer Nigeria Plc – one of the world’s leading research-based pharmaceutical and healthcare companies – is committed to improving the quality of human life by enabling people to do more, feel better and live longer. Our Head Office is located at 1, Industrial Avenue, Ilupeju. We own some of the world’s best-loved healthcare brands including Sensodyne, Macleans, Panadol, and Andrews Liver Salt. For further information please visit www.gsk.com.ng

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Sterling Bank Set To Change Name, Read Why

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Sterling Bank To Change Name, Read Why

Nigeria commercial bank, Sterling Bank Plc has moved to change its name after getting stakeholders’ consent of converting to a holding company.

This was disclosed by the board, as it will create a chance for the bank to have a controlling stake in companies where it currently holds a substantial interest.

Recall, a few days back, the bank convened a meeting of shareholders at the order of a court as part of the last key stages of the corporate reformation.

READ ALSO: CBN Increases Interest Rate For 3rd Time This Year

According to a report seen on the Nigerian Exchange Limited’s website, the bank will become known as Sterling Financial Holdings Company when the transition is delivered.

Becoming a Holding Company will see the bank have the leverage to make inroads into other sectors within financial services apart from commercial banking which its current license and those of many lenders in Nigeria do not allow.

Such sectors, comprising pension; asset management; payments, and fintech, are gaining appeal among banks and provide chances for diversification as competition for interest income, which accounts for the bulk of the revenue of the banking industry turns increasingly fierce.

Stanbic IBTC Holdings, one of the early birds that adopted the Holdco structure, is a testament that the Holdco structure is a model that works. Its pension unit controls around one-third of the N14.2 trillion assets under management as the market leader in the Nigerian pension industry.

READ ALSO: BUA Cement Investors Record N112bn Loss In 24 Hours

With the key resolutions for the scheme of arrangement now approved, the transition will proceed to its final phase where regulators including the Central Bank of Nigeria are to sanction the new entity into existence.

“The bank will transfer all the assets, liabilities, and undertakings related to the non-interest banking business to The Alternative Bank Limited,” the statement said in reference to its newest subsidiary that received in approval-in-principle in December.

Sterling Bank’s issued and paid-up share capital valued at 28.8 billion outstanding shares will passé to the holding company in exchange for the allotment of those same units to shareholders on completion.

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Victor Ikpeba Endorses Moores Energy

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Victor Ikpeba Endorses Moores Energy

Super Eagles legend, Victor Ikpeba has endorsed Moores Energy, as he encouraged residents of the Ikorodu area of Lagos State, and its environs to patronise the brand at its retailing station.

At a media launch where Ikpeba was unveiled as Moores Energy brand ambassador, the Nigerian football legend expressed confidence in the newly-established company floated by Bola Tom-Jones.

Referring to the Chief Executive Officer (CEO) of Moores Energy, Ikpeba stated: “I have no Bola now for over a decade and I have strong confidence in her offerings. She’s someone very passionate about people, especially as it relates to their well-being. With her establishing this energy company, I believe it’s her way of contributing to Nigeria’s green energy drive.

Victor Ikpeba Endorses Moores Energy
Victor Ikpeba joins Bola Tom-Jones to unveil the newly-purchased bobtail truck of Moores Energy

The gas retailing facility of Moores Energy is fully-automated, and it is a proven solution to reduce exposure to household air pollution and disease.”

On her part, Tom-Jones expressed gratitude to Ikpeba, saying she couldn’t think of any other celebrity that carries the dignity her brand represents.

Tom-Jones further explained the unique selling proposition of her brand, as she unveiled her newly-purchased bobtail truck.

What we are doing differently at Moores Energy, is that we give our customers the assurance of getting the right quantity, and quality. So, if you are coming for your 12.5kg, you are sure to get the exact thing, and that can take you several weeks. We have as well subsidised our rates for senior citizens to encourage them to make use of cooking gas in their homes. Our products are affordable and accessible to everyone,” she added.

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