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SBC’s Ziad Maalouf equips 80 business owners with strategic guidelines for positioning, growth

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Leading beverage giant, Seven-Up Bottling Company (SBC), recently convened the first edition of its SME Scale-Up Bootcamp, in partnership with Zenith Bank and United Nations Industrial Development Organisation (UNIDO), to empower 80 Small and Medium Enterprises (SMEs) in Nigeria.The bootcamp, themed “Dream Big, Scale Bigger” was a 2-day workshop designed to empower chief executive officers of fast-rising Small Medium Enterprises (SMEs) on the intricacies of scaling businesses in the Nigerian ecosystem. The event took place at the SBC’s Head Office in Ijora, Lagos State.Addressing the participants, the Managing Director of the Seven-Up Bottling Company (SBC), Mr Ziad Maalouf, emphasised the significant contributions of SMEs to Nigeria’s GDP. He commended the enterprising spirit of Nigerians and stated that the bootcamp was conceived to ensure more entrepreneurs are empowered to scale up their businesses.“I have lived in Nigeria for 17 years, this Scale-Up Bootcamp is a way to give back to the economy in a way that has an impact. If we empower all the SMEs present here to scale up and grow to become billion-dollar enterprises, within ten years, they will employ millions of Nigerians, and that way we can say we have paid back,” Maalouf said.

Maalouf, who is also the Chairman of the Food and Beverage Recycling Alliance, outlined ten prerequisites for scaling SMEs. “Companies that must grow must pay attention to these 10 things; the big idea, passion, cash, value, teamwork, strong business acumen, purpose, network, artificial intelligence and business transformation advice,” he said. Providing participants with business loan consideration tips, DGM Head of Retail Banking at Zenith Bank, Lare Oladimeji, said business owners must have a good grasp of a loan product before opting for it. “Know the type of loan, pattern of payment, cost of borrowing and payment period. Also endeavour to know the business impact of the loan you are taking on your business. Banks always want to know the purpose of you taking the loan, payment ability/cash flow and your existing obligation”, Oladimeji said. While reeling out the different SMEs offerings of the bank, he highlighted key steps to boost their chances of accessing the funding. “Be conversant with the five Cs of credit- and know that character is key. Have a business continuity and succession plan. Know the type of funding available to businesses in your sector. Help your banker understand your business and explore the options they provide to support your business. Make every effort to service existing loan obligations. If loans go bad, stick with your bank and work out a remediation plan. In this digital era, there is no running away when a loan goes bad,” he said. In his presentation, the National Director, UNIDO, Oluyomi Banjo, who commended SBC for convening the workshop, stressed the need for Nigeria to embrace and encourage sustainable innovation by investing in the growth of SMEs. “Nigeria must promote innovation. The difference between developed and developing economies is innovation. Investing in SMEs will drive sustainable growth,” he said.

He assured participants that UNIDO is committed to advancing Sustainable Development Goal Number 9, which advocates industry, innovation and infrastructure in Nigeria through its various initiatives such as the Global Cleantech Innovation Programme.“The Global Cleantech Innovation Program is a Global Environment Facility and UNIDO programme that supports entrepreneurs with innovative ideas to transform their cleantech start-ups and SMEs into investment-ready, market-ready, and scalable ventures,” Banjo disclosed.Banjo urged participants who own waste recycling businesses, to take advantage of the GCIP, to access business support for scale-up.Some of the other facilitators present at the workshop include former Chief Executive Officer, the Federal Competition and Consumer Protection Agency, Babatunde Irukera, the Founder, Thrive HR, Adeshola Aliogo and GM Marketing (SBC), Segun Ogunleye

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MultiChoice Talent Factory West Africa Celebrates the Next Generation of Storytellers at the 2024 Graduation Ceremony.

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MultiChoice Talent Factory (MTF) West Africa, the pioneering initiative established to nurture emerging African filmmakers and storytellers celebrated the achievements of its 2024 cohort at its graduation ceremony on December 6 in Lagos. This is the fifth graduation ceremony by the MTF. The occasion signposts another successful year of empowering young filmmakers in Africa. Each year, the MTF programme trains 60 young filmmakers across its various academies through a comprehensive, fully funded cinematography course. The programme equips participants with the technical and creative skills necessary to craft compelling stories that highlight Africa’s cultural wealth to worldwide audiences.During her congratulatory message, Executive Head of Content and Channels, West Africa, MultiChoice, Dr Busola Tejumola stated that the graduation ceremony is a time of celebrate creativity, dedication and the exceptional achievements of the grandaunts.“This ceremony is more than just an acknowledgment of academic journey; it is a physical mark of the graduation into an elite class of the MTF Alumni Network, a family whose contributions continue to shape the narrative of African storytelling globally.”Dr Tejumola also stated that in just one year, the students have made great strides including the selection of Non Cras by Elma Baisie at the Life-Off Global Network and Get Out of Your head by Oluwayanmife Arogundade and Winner Achimugu at the Afropolis Lagos 2024.Atinuke Babatunde, Academy Director of MultiChoice Talent Factory (MTF) West Africa, noted that the sub-region is crucial to the continent’s film and television industry.”West Africa is a hub of cultural richness and vibrant storytelling, which has been the foundation of its thriving film and TV industry. Through the MultiChoice Talent Factory, we have consistently supported the development of exceptional talents, who are capable of elevating this heritage to global standards. The 2024 cohort has been phenomenal, and we are excited to celebrate their achievements as they graduate,” Babatunde said.During the event, the three best graduating students won one-year scholarships to international film schools. Winner Achimugu and Anjoluwa Aluko won scholarships to the New York Film Academy and Zee World, India respectively while Adejo Edebo Emmanuel won a scholarship to learn at MNET Production in South AfricaThis year, MTF West Africa collaborated with the Earthshot Prize initiative, producing projects focused on environmental sustainability. Among these are “Revive the Ocean,” which explores innovative solutions for ocean preservation; “Racing Against Time,” a mini documentary addressing the dangers of plastic waste; and “2070,” a thought-provoking short film envisioning future environmental challenges. Students of the Academy fully conceptualised, shot, and produced these projects, demonstrating their ability to create compelling stories. Additionally, Rekiya, a short film by the class of 2023 has been selected at AFRIFF 2024 and Poached, directed Adeola Andrea Peregrino, earned accolades including 1st Prize in the LEAP Africa USAID Film Contest, 2nd Prize at the IOM Film Contest and was an official selection at AFRIFF 2024 and at Edo State Festival. Love from Bayelsa, written by alumnus Gabrie Odigiri won Best Short Film of the Year at the Imo International Film Festival. The graduation of the 2024 cohort represents yet another milestone in MTF’s ongoing commitment to upskilling exceptional storytellers, who continue to redefine the African narrative on a global stage.

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Tourism Drive: Governor AbdulRazaq intensifies efforts to rebuild Patigi Regatta Motel

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•eyes global recognition for Patigi Regatta Kwara State Governor Abdulrahman Abdulrazaq is intensifying efforts to rebuild the long-abandoned Patigi Regatta Motel located in Patigi local government area of the state.The reconstruction of the Patigi Regatta Motel was started few months ago and will be delivered with classic rooms, VIP suites, a conference hall, a restaurant, courtyards, shopping areas, expansive parking space and more.Located along Kpada Road (Federal Road) and 1500m from Kusogi Park in Patigi town, the completion of the iconic Motel will help solve the problem of accommodation during the historical Patigi Regatta Festival in the town.Founded in 1949, the Patigi Regatta Festival is a boating event featuring boating races, fishing and swimming. The festival is attended by tourism enthusiasts within and outside the State and country. However, the issue of accommodation during the festivity calls for concern. With the ongoing efforts to rebuild the Motel, Governor Abdulrazaq aims to provide quality accommodation for visitors, enhance the overall tourist experience, create jobs and boost the State’s internally generated revenue.Additionally, the Governor aims to restore a sense of pride and heritage in the State and put the Patigi Regatta Festival on the global map just like other cultural and traditional festivals in the state.

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Development Bank of Nigeria Plc Wins Financial Inclusion Leadership Award

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The Development Bank of Nigeria Plc (DBN) has emerged winner of the Financial Inclusion Leadership Award. This is in recognition of the Bank’s unwavering commitment to fostering access to financing for the Nigerian micro, small and medium enterprises (MSMEs). The award was bestowed on DBN at the “Champions of Inclusion Nigeria Financial Inclusion Awards” during the recently-concluded International Financial Inclusion Conference (IFIC) 2024, organised by the Central Bank of Nigeria (CBN) in collaboration with the World Bank and other stakeholders. Commenting on the prestigious award, DBN’s Managing Director/CEO, Dr Tony Okpanachi, said winning the Financial Inclusion Leadership Award was a testament to the Bank’s unrelenting efforts in expanding access to financial services for MSMEs in Nigeria. “We are honoured to receive the Financial Inclusion Leadership Award, which is a testament to our bank’s commitment to expanding access to financial services for all Nigerians. This award recognises our efforts to bridge the financial inclusion gap, particularly for a priority sector like the MSMEs,” he stated. Dr Okpanachi added: “Additionally, this award is a validation of our strategic focus on driving financial inclusion for small businesses, and we are proud to be at the forefront of this initiative that drives that. We will continue to innovate and expand our financial inclusion programmes, ensuring that more Nigerian small and startup businesses have access to services.”The Chief Operating Officer of the Bank, Mr Bonaventure Okhaimo, while receiving the award on behalf of DBN, expressed gratitude to the organisers for the recognition, describing it as a significant milestone. “The Financial Inclusion Leadership Award is a significant milestone for our Bank, demonstrating our dedication to driving financial inclusion and economic growth in Nigeria. This award acknowledges our Bank’s innovative approach to widening opportunities for MSMEs in Nigeria to grow and scale their businesses,” he said. The COO stated further, “This award will motivate us to continue pushing the boundaries of financial inclusion, exploring more innovative solutions and partnerships to expand our reach and impact. We are committed to ensuring that more small businesses and startup enterprises in Nigeria have access to financial services, this award will further inspire us to accelerate our efforts in this regard.” He emphasized. The Financial Inclusion Leadership Award is a key highlight of the International Financial Inclusion Conference (IFIC) and celebrates exceptional contributions to actions aimed at achieving the goals outlined in Nigeria’s National Financial Inclusion Strategy 3.0.The awards recognize organizations and individuals across various sectors who are driving meaningful dialogue, and broadening access to financial services for low-income excluded priority segments, including the MSMES sector, with inadequate funding being one of the challenges that inhibit the growth of small businesses in the country.

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