Tag: project

  • AfDB approves $20m for project finance

    AfDB approves $20m for project finance

    The African Development Bank (AfDB) is granting $20 million soft commodity finance facility  for the development of Malawi, Zimbabwe and Mozambique.

    Specifically, the facility will be used to provide funding to purchase farm inputs (mainly fertilizer) to be supplied to farmers so as to ensure consistency and quality of the commodities being supplied to Meridian; purchase of soft commodities from over 10,000 farmers in Malawi, Zimbabwe and Mozambique; and, upon purchase of the soft commodities, provide working capital to Meridian to enable the company engage in basic processing of the soft commodities prior to export.

    It will enable the bank to reach small-scale farmers indirectly through a regional aggregator (Meridian) that understands the market in which it has accumulated a 40-year track record; understands the operational risks and is able to mitigate and manage them.

    Established in 1970 to assist the small scale farmer, Meridian focuses on production and supply of various agricultural inputs/outputs through a chain of vertically integrated subsidiaries in Malawi, Mozambique, South Africa, Zambia and Zimbabwe.

    The company currently employs over 4,200 employees and is one of Southern African Development Community (SADC)’s largest commodity aggregators, distributing over 250,000 metric tons of goods per annum throughout the region. Meridian is also a major buyer of soft commodities from small-scale farmers using its retail network of over 120 shops spread across rural areas. Among its shareholders is African Agriculture Fund (AAF), in which AfDB owns a 20 per cent stake.

    Also, as one of the largest commodity aggregators in Southern Africa, the Meridian group plays a significant role in the promotion of agribu-siness in five countries where its operations are in line with four of the Bank’s High five development priorities (Light up and power Africa, Feed Africa, Industrialise Africa, Integrate Africa, and Improve the quality of life for the people of Africa).

    Meridian’s key markets in Africa are Malawi, Mozambique, Zambia and Zimbabwe. Agriculture in these four countries accounts for approximately 32 per cent of GDP and provides a livelihood to 81 per cent of the population in the form of smallholder subsistence farming (56 million people).

  • NCDMB, Agip to partner on project

    NCDMB, Agip to partner on project

    The Nigerian Content Development and Monitoring Board (NCDMB) and Nigerian Agip Oil Company (NAOC) have agreed to work together to ensure the speedy completion of the Zabazaba and Etan deep water project.

    At a meeting on the project at the agency’s headquarters in Yenagoa, the Bayelsa State capital, NCDMB Executive Secretary Simbi Wabote said the project would utilise capacities and facilities developed on past projects. He charged the promoters to exceed the Nigerian Content performance achieved on the Egina deep water project, including the partial integration and fabrication of the Floating Production, Storage and Offloading (FPSO) platform.

    NAOC Managing Director Mr. Massimo Insulla pledged the company’s commitment to developing the project to create jobs.

    He underscored the support of NCDMB since the conception of the project, noting that a speedy development would benefit all.

    According to him, the promoters of the deep water project are keen on taking the Final Investment Decision (FID) and determined to make it profitable, despite the sustained low price of crude oil.

    Insulla confirmed that the project would generate about $8 billion for the Federal Government, adding that the company has been engaging local and international contractors in the past four months.

    The General Manager, Nigerian Content, NAOC, Mr. Barry Nwibani, said the company organised six workshops in August and September for local and international contractors enlightening them on the Nigerian Content opportunities on various packages of the project.

    He said the workshops afforded contractors the opportunity to showcase their capacities and form alliances to enable them to deliver on the project in compliance with the Nigerian Content Act.

    Nwibani noted that the feedback from the workshops confirmed that there were scopes of the project where local capacity exceeded the percentages prescribed in the Nigerian Content Act, while there were also scopes where local capacity was short of the targets set in the Act.

    He said the areas of significant capacity limitations would require the Board’s review to enable it to decide the capacity development initiatives to be developed in place of waivers.

    NCDMB General Manager, Projects and Operations Division,  Paul Zuhumben, urged NAOC to ensure that the Engineering, Procurement and Construction (EPC) contractors sign Memoranda of Agreements (MOA) with local contractors to firm up the execution of the job.

    NAOC is developing the Zabazaba and Etan deep water integrated project in Oil Prospecting Licence (OPL) 245 with Shell Nigeria Exploration Company (SNEPCO).

  • Oil firm begins $250m flagship project

    A foremost indigenous oil and gas company, Southfield Petroleum Limited, has commenced the development of its $250Million Flagship Project, the Utorogu Project.
    This is a follow-up to the November 16, 2016, signing of a turnkey $198Million Equipment, Procurement and Construction (EPC) contract to construct a 250MMScfd Gas Processing Facility with China Machinery Engineering Corporation (CMEC). The company is engaged mainly in Gas Processing.
    Southfield Petroleum Limited received an approval from the Federal Government to construct Gas Processing Plants on a Build, Own and Operate Basis in April 2009, after which it executed a Gas Processing Agreement with the Nigerian Petroleum Development Company Limited (NPDC)/ ND Western Limited for the Utorogu Gas fields in April 2014.
    The contract was executed during the visit by China Machinery Engineering Corporation (CMEC) to Southfield Petroleum Limited in Abuja.
    The China Machinery Engineering Corporation team was led by their Group Vice President, Mr Jin Chunsheng. China Machinery Engineering Corporation was received in Abuja by the Southfield Petroleum team led by the Managing Director, Dr Patrick Ndiomu.
    The CMEC team also used the opportunity of their meeting with Southfield Petroleum to pay courtesy visits to the Honourable Minister of Petroleum Dr Ibe Kachikwu and the Group Executive Director, Upstream of NNPC, Alh Bello B. Rabiu.
    The  EPC contract, which was executed, also provided for the construction of facilities, such as a captive Jetty, 24MW Captive Power, a 14,000MT LPG Storage, 3,000MT LPG Barge, Office Buildings, infrastructure ,the construction of an Amine Unit to extract the Carbon Dioxide from the gas and a robust training programme for Nigerians.
    The project will be funded by long term export finance provided by the Industrial and Commercial Bank of China (ICBC), the bankers of CMEC.
    CMEC is a Chinese Engineering Company which has extensive competency in Engineering, Procurement and Construction services.
    The company is listed on the Hong Kong Stock Exchange and has executed several contracts in Africa, including the construction of the Phase 1&2 of the Olorunsogo Power Plant in Ondo State, Nigeria.
    It is a wholly owned subsidiary of China National Machinery Industry Corporation (Sinomach) group of companies. Sinomach is owned by the Chinese government and is one of the largest engineering construction companies in the world.
    The facilities will be operational at the Utorogu Gas Field by Q2 2018 and will have an annual production of 200,000MT of LPG.
    The facility will be initially operated by CMEC, while Nigerians would be trained to ensure technology transfer and capacity development.

    According to Dr Patrick Ndiomu, the Southfield Utorogu Project has great national benefits, which include the “local production of 200,000MT of LPG (Cooking Gas) to meet local LPG production demand for Nigeria, Reduced flaring which impacts the host communities, increased Gas supply to the Power Generating Stations through lean gas supply and by making additional gas available from new wells, creation of over 500 direct jobs and 2,000 indirect jobs for Nigerians and the reduction in vandalisation of the pipelines as the pipes now will no longer have liquids which have mostly been the basis for vandals to break the pipelines.”

  • Light up project in Kwara

    The Kwara State government is embarking on a N6 billion Light Up Kwara project, it was learnt yesterday.

    A statement by Governor AbdulFatah Ahmed’s Chief Press Secretary, Abdulwahab Oba, said the Commissioner for Energy Idris Abubakar spoke when he addressed a news conference in Ilorin, the state capital.

    The project, which is expected to cost about N6 billion, will light up every street at night to prevent hoodlums operating in the dark.

    According to the commissioner, the project will be in two phases; the first will cover 78 kilometres within Ilorin, and phase II is to cover councils, such as Offa, Omu-Aran, Moro and Edu.

    Abubakar said the project would be financed through Private Public Partnership (PPP) for 10 years, with the  partners to design, build, finance, operate and maintain the project for the period before handing over to the government.

    “Repayment will start when the government is sure all is well; the project is tested, reliable and efficiently serving its purpose”, Abubakar said.

    Commissioner for Information Muhammad Ajeigbe hinted that the council approved the construction of Kwara State University (KWASU) campuses at Ilesha Baruba and Osi.

    He said the contract was awarded at N2.8 billion on private public partnership to be repaid on agreed terms through IFK funding window.

  • Oil firm begins $250m flagship project

    Aforemost indigenous oil and gas company, Southfield Petroleum Limited, has begun the development of its $250 million flagship project, the Utorogu Project.

    This is a follow-up to the November 16 signing of a turnkey $198 million equipment, procurement and construction (EPC) contract to build a 250 MMS cfd gas processing facility with China Machinery Engineering Corporation (CMEC).

    The company is engaged mainly in gas processing.

    Southfield Petroleum Limited received an approval from the Federal Government to build gas processing plants on a Build, Own and Operate Basis (BOOB) in April, 2009.

    It later executed a gas processing agreement with the Nigerian Petroleum Development Company Limited (NPDC) with ND Western Limited for the Utorogu gas fields in April, 2014.

    The contract was executed during the visit of China Machinery Engineering Corporation (CMEC) to Southfield Petroleum Limited in Abuja.

    The CMEC team was led by its Group Vice President Jin Chunsheng.

    CMEC was received in Abuja by the Southfield Petroleum team, led by the Managing Director, Dr Patrick Ndiomu.

    The CMEC team also met with Southfield Petroleum during visits to the Minister of State for Petroleum, Dr Ibe Kachikwu, as well as the Group Executive Director of Upstream of the Nigerian National Petroleum Corporation (NNPC), Alhaji Bello B. Rabiu.

    The EPC contract also provided for the construction of facilities, such as a captive Jetty, 24 megawatts (MW) captive power, a 14,000 metric tonnes (MT) LPG storage, 3,000MT LPG barge, office buildings, infrastructure, the construction of an Amine Unit to extract the carbon dioxide from the gas and a robust training programme for Nigerians.

    The project will be funded by long-term export finance provided by the Industrial and Commercial Bank of China (ICBC), the bankers to CMEC.

    CMEC has extensive competency in engineering, procurement and construction services.

    The company is listed on the Hong Kong Stock Exchange and has executed several contracts in Africa, including the construction of the Phase I and II of the Olorunsogo power plant in Ondo State.

    It is a wholly owned subsidiary of China National Machinery Industry Corporation (Sinomach) Group of Companies.

    Sinomach is owned by the Chinese Government and is one of the largest engineering construction companies in the world.

    The facilities will be operational at the Utorogu Gas Field by the second quarter of 2018 and will have an annual production of 200,000 MT of LPG.

  • Firm powers $300m Imperial City project

    Firm powers $300m Imperial City project

    •Offers promo plots for N500 

    Property ownership in Lekki may after all not be an exclusive preserve of the  rich.

    With N500, many including the poor, can now own property in Lekki courtesy of ChannelDrill Resources, promoters of the $300 million Imperial City project.

    The firm’s Managing Director/Chief Executive Officer, Mr. Femi Akioye, said the “Imperial City Promo” is a “special Corporate Social Responsibility” initiative for the public.

    For seven weeks, the promoters will give out seven plots of 650 square metres worth N42 million each in the low density residential inner city area for seven people; N1 million for 19; N500,000 for 40; N100,000 for 135 and N50, 000 for 210 winners.

    “The would-be winners would simply purchase a N500 raffle draw ticket for the special draws which has been approved by the Lagos State Lottery Board. The draws will commence from November 17 and end on December 29. This promo is borne out of the vision to make the IIBC an all-inclusive project where those we refer to as the average Nigerian can aspire to and obtain a piece of the future. We want those on minimum wage, the working class men and women, your hard working social worker, the civil servant, the teacher and all other citizens who have been putting in their fair share into the commonwealth to be part of this future we talk about,’’ Akioye said.

    The project is being developed as a new community and will be known as Imperial International Business City (IIBC). It is touted as the first self-sustaining eco-friendly smart business city that will be built in Africa.

    It is bound on the West by Lekki Phase 1 and Lekki Beach Resort on the Eastern axis. Three roads- Freedom Road. Lekki Phase 1; Kunsenla Road, by Fourth Roundabout and Oba Saheed Elegushi Road, with another proposed road through Femi Okunnu by Jakande Estate.

    The city, being planned to be a smart city, is being driven on the basis of two factors that will define the future of modern cities in the world – Smart and Green.

    Akioye explained that the Lekki axis remains one of areas that will sustain Lagos. In this axis is the ancient Ikate-Elegushi Kingdom, which sits at the centre. It has been projected to generate over $50billion Foreign Direct Investment (FDI) in the next four years.

    The city will be divided into residential, mixed and commercial areas, with each designed to have low, medium and high density areas.

    To ensure that the area does not experience flooding like others on the Lekki peninsula, Akioye said there would be land reclamation of about two metres above sea level; a well-constructed drainage and functional sewage system and shoreline protection that will be built by a German-based contractor-Messrs BAUER Spezialtiefbau GmbH.

    These, Akioye argued, would make IIBC the first eco-friendly smart business city in Africa.

    Other infrastructure to be put in place by Channeldrill include a 250-metre entrance road. The road network will include walkway and bicycle way; waterway and lakes; underground drainage, sewage treatment, potable water and water treatment plant, independent gas fired electricity and cooking gas piped to every house, including fibre optics cable.

    Others are cloud enabled communication network and smart city/house infrastructure for willing subscribers; mini-marina and water park, Mini Gulf course; Perimeter fencing, First Smary shopping Mall in Africa; cloud enabled 24-hour spy eyed security connected to a central security center; private data centre and a world-class hospital and recovery resort within a dedicated health care zone.

    The project offers various sizes of plots. The minimum is 650 sqm. Other include: 800sqm, 1000sqm and 1200sqm, 2000sqm, 3000sqm & 5000sqm.

    Akioye said the initiative was a reflection of the vision of Oba Elegushi, Saheed Ademola Elegushi, a joint developer with Channedrill Resources Limited.

    “This vision by the Oba Elegushi is a clear demonstration of love for the masses. He believed that those who may never think that they can own a home in Lagos, not to talk of Lekki, now have ample opportunity to do so by participate in the promo. With N500 lottery ticket, they would be a proud owner of home or money,” the Group Managing Director, Winners Gold Bet, Mr. Banji Sulaiman, said.

    The project consultants and contractors are: Messrs Dredging International Limited, Belgium; Royal Haskoning DHV, Netherlands, marine engineer and reclamation consultants; Mott Macdonald, a United Kingdom-based Infrastructure engineering consultants and Gensler Associates, also a United Kingdom-based Master and Town Planner.

  • Bello’s wife launches pet project

    Wife of the Kogi State Governor, Hajia Rashidat Bello, at the weekend, launched her Direct Reach out Project (DROP) to cater for the vulnerable. The project, which aims to empower 10,000 persons in its first phase under the Kogi Women and Youth Advancement Foundation (KOWYAF), is geared towards reaching out and touching the lives of the people at the grassroots.

    According to Hajia Bello, looking into the innocent faces of children, the downtrodden and the less-privileged, ignites in her the desire to reach out and bring joy to them.

  • Buhari committed to Ogoni project, Niger Delta devt

    Buhari committed to Ogoni project, Niger Delta devt

    Fyneface Dumnamene Fyneface is an Environmental Activist and was the youth representative of Ogoni /Niger Delta at the just concluded 71st Session of United Nations General Assembly on Climate Change in New York. In this interview with Precious Dikewoha, he reviewed his experience and what he discussed with   President Muhammandu Buhari over there. He also spoke on other issues.   

    How were you selected to represent Ogoni/ Niger Delta youth during the United Nation General Assembly on climate change?  

    Sometime in early September, the Federal Government through the Ministry of Environment contacted the leadership of the Movement for the Survival of Ogoni People (MOSOP) and other leaders in Niger Delta that a youth’s name be submitted to them to be part of the United Nations General Assembly on Climate Change  which took place in New York. So, the leadership started searching for the youths within the Ogoni axis. One person was nominated but later they discovered that the person does not have international passport.  Eventually, when the person got international passport they discovered that he does not have a visa. But I have a visa and international passport because I just returned from United States in May. So that gave me an edge over him.  Another criteria for travelling was that the person must have aired his view on the international stage before; now, for me I have featured on Al jazeera, and radio France before returning to Nigeria.  That was how I travelled to represent Ogoni youth at the assembly.  And I used that opportunity to talk to some world leaders, including my President, Muhammadu Bahari. I made a presentation at the meeting in Germany, which touched many world leaders. This is because some of them believe that when you are talking about Niger Delta youth, it is about militant and uneducated youths. When they saw that I properly articulated my views and spoke extensively on the issue concerning my region, they were surprised.

    How did you approach the presidential protocol that gave you a chance to see President Buhari?

    President Buhari was appreciating my presentation on how to solve the Niger Delta issue and other problem facing the region. While my presentation lasted at the event at the UN Headquarters on

    September 22, 2016, President Buhari joined other leaders, members of the National Assembly, etc. to nod his head, an indication that he was taking notes of the demands on him and his government. At the end, he joined other world leaders to applaud my presentation. It was obvious from the programme of event that when the President finished speaking; there will be no room for him to respond to anybody. Thus, I concluded in my mind before I was given the floor to speak that I was going to meet with Mr. President and get response from him for the demands in my speech. It was against these backgrounds that, at the end of the event, I walked up to the presidential security/protocol team and demanded to meet with Mr. President. Without hesitation or second thoughts, they threw their doors open for me to meet with the President. President Buhari then received me with a smile on his face, had handshake with me, congratulated me on my presentation and told me that he had taken notes of my demands on him and his government and that step would be taken to address them. There is indeed no one that would get these assurances, directly from the President of the Federal Republic of Nigeria himself that would not conclude that he is determined and committed to clean-up Ogoni, and   the Niger Delta.  President Buhari deserves to be given the benefit of doubt, by way of support and cooperation to enable him address the challenges in the Niger delta region. While we continue monitoring and playing oversight functions to be sure that they are being done. We cannot forget in a hurry that we had a son of the region that became a President who could not take the step President Buhari  is taking today to address the problem in the region. But within one year of President Buhari, he launched the implementation of UNEP Report and the Minister for Environment has been working hard to ensure progress. On August 4th 2016, the President inaugurated the governing council on Ogoni clean up. I want the youths of the region to give Mr. President a chance to develop the region. Today the Chibok community is celebrating over the release of some of the abducted girls. That means the President is working. So, in the region here, there is need to stop bombing the pipeline and destroying other national assets.

    Some of the youths in the region have insisted that they are not going to give Mr. President a chance, why?

    It is ignorance; they are not aware of what the President had in mind for Niger Delta people.  Nobody can say that the President does not have the capacity to deliver.  All we need in the Niger Delta is to give Mr President a chance. Don’t forget that during President Buhari’s election campaign he visited Rivers State and he identified with Ogoni and ensure that his campaign train got to Ogoni land. The Chairman of Ogoni Council of Traditional Rulers, HRM Chief Giniwa presented the President with Ogoni map and also handed over to the President some of the problems facing the area which he (President Buhari) Promised he was going to do if elected. And within 360 days in office President Buhari did not disappoint us but started doing those things he promised to do in Ogoni land. I want the Niger Delta youths to give peace a chance and forget about restiveness. The youths should not give the impression that the security of the region is being threatened. Because their attitudes are bringing setback and creating bad image to the region, there is no meaningful development that can take place in the atmosphere of rancor and acrimony. Apart from Ogoni land the President will also develop other area in the Niger Delta if giving a chance to do so.

    A lot of people have actually seen Ogoni as volatile. What are you doing to change the mindset of restive youth in the area?

    The issue of threat to peace and security is not only peculiar to Ogoni, we have it in other part  of the region and Nigeria.  I know quite well that we have had some threat to security  in the area like I told Mr. President that what he needs  to  develop Ogoni and to enable the Federal government have access to Ogoni land is to create job for the youths.  Many youths of Ogoni are jobless they have nothing doing.  The President must constitute environmental monitory team that was recommended by UNEP Report so that the youths can engage in the monitoring of UNEP Report. If the youths are engaged, they will not engage in any criminality. If we have the youths working with us as part of the clean-up process, their names will be on data base, then it would be easy to know which youth is causing problem in the area. As long as the youths remain idle, the challenges of insecurity will persist.

    What is the benefit of an average Ogoni man in the clean-up?

    The Ogoni people have so much to benefit from the clean- up, the clean-up process is like an elephant meat, and nobody can eat elephant meat at a go. We have $1billion  and the clean-up is going to last for 30 years; that means we are going to have 1b dollars  each in every  five years of the 30 years that the clean-up is going to last. Which means it is going to turn around the economy of Ogoni and some of us are not going to work directly in the clean-up process.  But the effect of the money in the Ogoni economy will attract development. If you are doing the business of hotel, you will be seeing more customers; if you are a market woman, your business will flourish likewise a driver and the rest of them. So, money is going to flow. That is why there is need to fix a regular power supply and maintain roads in the area so that as the money is coming everything will stimulate.

  • Lagos kicks off literacy project

    Lagos State has launched the Kick Illiteracy out of Lagos Eko N Ke KO (Lagos is Learning). The literacy project aims at increasing literacy rate in the state by 95 per cent.

    It was launched a week ago at the Police College, Ikeja, by Lagos State Governor Akinwunmi Ambode, who was represented by his Deputy, Dr Oluranti Adebule, who also supervises the Ministry of Education in the state.

    The Governor said the initiative targets illiterate Lagosians in every age group.

    Ambode said the project entailed spreading literacy centres across the state in order  to increase access for Lagosians as well as multiply and diversify delivery channels for literacy content.

    He said various centres have been located across the state in such a way that would make it most accessible to people.

    Ambode said the state already has 532 centres, adding that government plans additional 100 basic and post literacy centres in due course.

    The programme, the governor explained, is for nine-month duration for each applicant, with a certificate equivalent to that of Primary Three.

    He said: “We will aggressively promote radio literacy programmes, mobile literacy centres, and other innovative channels would be used as well as the social media.

    “Upon resumption, I promised and assured Lagosians of our avowed commitment to the vision of providing equitable, functional, effective and quality education for all the citizens. This is a long term project.”

    He added that the project will partner other stakeholders who are involved in adult and mass literacy programmes.

    The Governor’s Special Adviser on Education, Mr Olufela Bank-Olemoh, said the project was to ensure that illiteracy is kicked out of the state.

    “Those who benefit from this training will no longer lack basic literacy, numeracy and essential life skills, which make them more efficient and capable to resist criminal and anti social groups,” Olemoh added.

    He said textbooks, exercise books, erasers and pencils would be given to the beneficiaries of this project.

  • Students win N6m for biogas project

    Students win N6m for biogas project

    For their efforts, two students of the Lagos State College of Health Technology (LACOHET) in Yaba, Oluwafemi Sarumi and Samuel Dada, have won N6million for the development of their biogas renewable energy project. OLUWATOYIN ADELEYE reports on how they achieved the feat.

    By winning the entrepreneurship challenge of the Ready.Set.Work (RSW) project of the Lagos State Government, Oluwafemi Sarumi and Samuel Dada have put their school on the map.

    The Lagos State College of Health Technology (LACOHET) in Yaba was little known before last Thursday when Sarumi’s and Dada’s biogas renewable energy project won the grand prize of N1million and another N5million announced by Governor Akinwunmi Ambode at the event held at Landmark Event Centre on Victoria Island.

    The event marked the end of the 13-week employability and entrepreneurship training project, which exposed 500 final year students of the Lagos State University (LASU), Lagos State Polytechnic (LASPOTECH), and LACOHET to soft skills and business modules intended to enhance their chances in the labour market.

    The audience voted the biogas project as the winner. Before the result was announced, rather than remain silent in anticipation of the winner, the students were heard chanting “Biogas”in hushed tones.  It was deemed better than the other two final projects, Onebox, a social media platform for graduates to discuss topical issues, and Artisans on campus, a website designed as a hub for student artisans to showcase their expertise so that those in need of their services could reach them easily.

    Biogas beat 24 projects to clinch the crown

    Sarumi and Dada, who call themselves the Biogas team, said they would be in the business of converting animal waste, using a bio digester, into biogas, which is useful for cooking and electricity.

    Sarumi said their project was borne out of their desire to solve environmental problems in the country.

    “Our business would solve two major problems. First is to solve an environmental problem, that is the problem of proper management of animal waste at our abattoirs. And to provide the potential substitute in form of biogas that can provide necessary energy value that can be used for cooking at affordable rates by Nigerians. It can also be used for production of electricity.”

    The duo, who studied Environmental Health Technology, said paying attention in class helped them come up with the project.

    “Biogas contains methane, a combustible gas, which is present in  normal liquefied petroleum gas. We are environmental officers now, because we are now graduates so we have done our research and we know that our business was going to be the first of its kind in Nigeria. The bio digester, is what the waste passes through before producing a biogas, we have created one in our school for demonstration. There is  bio digester in a few other institutions like the Ogun State College of Health Technology, but it is not being used for commercial purpose, rather for laboratory experiment. But as a result of our work, waste is going to turn to wealth.”

    In addition to the prize money, Sarumi and Dada would get N100,000 upkeep allowance monthly for six months, so that they would not spend their seed capital.

    First runners-up for the competition, the One box team, got N500,000 seed capital; while the Artisans on Campus group got N250,000 for coming third.

    Of the 500 students that registered for the programme, 468 graduated, having met the requirements for conclusion of the programme – namely punctuality, 80 per cent attendance, and completion of all assignments.

    They were exposed to soft skills training and benefited from talks delivered by CEOs of blue chip companies.

    While the students that underwent the entrepreneurship stream of the project would undergo three-month apprenticeship with established entrepreneurs, 95 of those who passed through the employability stream and scaled interviews by employers would undergo six-month paid internships in various organisations.

    The students would work in firms, such as Total, Price Water Coopers (PwC), Access Bank, Gtbank Plc, Systemspecs, FCMB, Etisalat, KPMG, Nestle Plc, and Stutam.

    Governor Ambode’s joy at the success of the scheme was the reason he gave an additional N500,000 to the winners.

    He urged the participants to continue in the fervor of the programme to improve their skills.

    He said: “This initiative will enable many of you seated here today to get internship placements in high ranking corporate organisations, and also provide a platform for those with viable business ideas to benefit from angel investors and the Lagos State Employment Trust Fund.

    “Ready, Set, Work has been a journey requiring passion, diligence, discipline and perseverance. I say big congratulations to those of you who made it to this stage. I must emphasise, however, that this is only the beginning. In the face of ongoing economic challenges, this is a time to push ahead with the same strength and focus that brought you to this point, and to pursue with vigour the knowledge, skills, and ideas formed in you over the last three months. The private sector would benefit from your passion and professionalism, while the entrepreneurial world awaits your vision- driven ideas.”

    Special Adviser to Governor Ambode on Education Mr Obafela Bank-Olemoh and the brain behind the scheme, said RSW was initiated to bridge skills gap in the labour market.

    “The RSW was a response by the government to the challenge of the private sector that the quality of graduates being produced was not capable of driving the economy.  The key thing here is that we want Lagos to continue to prosper, and the only way to do that is by growing our people. We want our graduates to be one of the first people that the corporate organisations want to employ,” Bank-Olemoh noted.

    Commissioner on Economic Planning and Budget, Akinyemi Ashade, added: “We have a lot of skills to fix. The scheme is meant to fix  specific problems. We focused on making them more employable than they have been trained at school and we tried to hone their vocational skills.”

    It is not only the government that is celebrating the success of the RSW, the private sector has also lauded the initiative.

    Chief Executive Officer (CEO) of Etisalat Nigeria, Mr Matthew Wilshere, who volunteered as a brands training facilitator during the project, said: “We partnered with Lagos State on this scheme because we are a youthful brand. ‘Ready Set Work’ is a fine initiative. The periods of transition between school and work and even during work, between positions, for every person is very important. It is impressive for Lagos State to help people in this transition.”

    Mr Uyi Akpata of PricewaterCoopers (PwC) said his organisation invested resources into the vision of the government on RSW because it was in line with the organisation’s vision, and promised to continue with the partnership as long as the scheme continues.

    PwC employed 10 interns and  Akpata promised them jobs based on their performance during their internship.

    Founder of Career Times, one of the facilitators of RSW, Kumbi Lawoyin, said: “Many young graduates have the potential to develop all their skills but don’t have the platform. Many of them displayed knowledge of their school work but lacked soft skills. RSW provides the platform to gain all this knowledge and understand its application.”

    For the students, the programme has given them a head start in their careers.

    Olatunji Salau said it exposed him to skills he did not know were important.

    “Initially, I thought it was a vocational course but I was exposed to skills I did not even know were important; for example, soft skills. I learnt how to take initiative, how to realise that if an environment is not convenient for me, I can rise to the occasion and make it convenient for me.”

    Loveth Igbokwe said she was graduating from school as a more confident person.

    “RSW helped me develop my self confidence and to focus on my future. I realised that my future starts now and I have to invest in my future from today. It changed my orientation about life. I used to think getting a job would be difficult but now I know I can harness my skills and I can achieve anything I want,” she said.

    Oluwatobi Damilare appreciated the government, advising his peers to do more with what they have learnt.

    “The SA has always told us, it is not enough that we have been given this platform but for us to take initiative. It is not the knowledge that matters but what we do with the knowledge. We must be good representatives and ambassadors of the RSW initiative,” he said.