Infor Discusses Digital Transformation in China in Newly-Launched IDC Talk Podcast

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Deep insights and rich exchange by industry experts; current environment to pave the way for growth of contactless business

 

BEIJING,
CHINA – Media OutReach – 8 July 2020 – Infor, a global leader in
business cloud software specialized by industry, today announced that it took part
in the pilot episodes of IDC Talk in China, an all-new
podcast of the International Data Corporation (IDC), bringing together the
exchange of deep industry insights and the sharing of successful enterprise
application of ICT technology. A recurring theme is leveraging innovative
technologies and exploring unique business models in a post-pandemic
environment.

 

During the first three episodes
of IDC’s new podcast, which went online on June 22, Infor executives – managing
director of Greater China and Korea region, Boon Khoo; vice president of sales
for Greater China and Korea, Becky Xie and director of business consulting for
Greater China and Korea, Chong Lu shared tips and insights on the state of digital
transformation of Chinese enterprises.

 

The coronavirus pandemic has
stimulated demand for digital transformation among small- and medium-sized
enterprises. This is coupled with a strong desire to turn crisis into
opportunity by leveraging innovation and technology to find new ways to empower
a safer, stronger and more integrated business.

 

Wu Lianfeng, vice president
and chief research analyst of IDC China explained, “This pandemic has caused
people’s work, lives, and consumption habits to go digital, driving the growth
of contactless business. This is on track to becoming a long-term and
far-reaching trend. IT technology is invaluable in response to the pandemic.
What technology transforms is not the power of the present, but the future.”

 

Over the past two decades, Infor
has provided digital transformation solutions to manufacturing enterprises spanning
the logistics, distribution, automotive, healthcare, food and beverage, hi-tech
and electronics fields. In this, Infor has implemented plans of action aimed at
key application scenarios in specific industries.

 

During the podcast, Infor
executives noted that Chinese equipment manufacturing company, Equipment
Company of Dongfeng Motor implemented Infor LN, Infor ERP and CloudSuite EAM systems to standardize its business, processes
and data management. The company was also able to establish a real-time
production system, business and financial integration, full-spectrum quality
control, and comprehensive traceability. During the pandemic, they were able to
quickly transition to producing protective masks.

 

“We feel fortunate to have Infor as our
partner in digital transformation,” said Fang Mingqiang, chief engineer of information systems
planning at Equipment Company of
Dongfeng Motor Co., Ltd. “We sought to streamline our workflows and get rid of
any obstacles that had arisen to enable us to better keep up with the latest
industry trends. With Infor ERP and EAM, now we can manage end-to-end business processes,
standardize all data, as well as ensure real-time visibility of production,
finance, and quality control. As a result, Dongfeng Motors has greatly
increased our performance while lowering costs, and customer satisfaction is up
11.45%.
Now we are able to provide clients with digitalized products and expand our
scope of operations.”

 

By working together with Infor, another pharmaceutical
company was able to integrate its global supply chain and service departments.
It also moved its logistics and customs businesses to a single platform and
deployed a centralized supply chain control hub aligning its manufacturing
network across its technological platforms. In this way it is now able to
flexibly respond to black swan events such as this pandemic, and increase its
market share while boosting sales growth through daily operations.

 

In 2020, China is making a
national effort to develop what has been dubbed “new infrastructure”, which
includes new and emerging technologies such as 5G, the industrial internet and
cloud computing. At the same time, data is becoming a key factor of production
and is being marketized. Given these trends, companies will be focusing more on
the aggregation of their own data resources and strengthening the establishment
of data management capabilities, which will spur business innovation.

 

Infor managing director of
Greater China and Korea region, Boon Khoo, said, “As enterprises work to catch
up to the fast-paced development of new infrastructure, they not only need to
build a multi-level supply chain network, but also to better integrate and
utilize human resources, data and machines, while fortifying their hardware
with the proper software to achieve better flexibility and resilience.”

Media contact:

Phyllis Tan

Infor Asia Pacific

+65 9799 9133

Phyllis.tan@infor.com

About Infor

Infor is a global leader in
business cloud software specialized by industry. With 17,300 employees and over
68,000 customers in more than 170 countries, Infor software is designed for
progress. To learn more, please visit www.infor.com.

Infor customers include:

  • The top 20 aerospace companies
  • 9 of the top 10 high tech companies
  • 14 of the 25 largest U.S. healthcare
    delivery networks
  • 19 of the 20 largest U.S. cities
  • 18 of the top 20 automotive suppliers
  • 14 of the top 20 industrial distributors
  • 13 of the top 20 global retailers
  • 4 of the top 5 brewers
  • 17 of the top 20 global banks
  • 9 of the 10 largest global hotel brands
  • 7 of the top 10 global luxury brands

Lagos to Establish Arts, Crafts Villages in Badagry, Epe (Photos)

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Lagos to Establish Arts, Crafts Villages in Badagry, Epe (Photos)
The Lagos State Government said that it has identified Badagry and Epe as the proposed locations for the establishment of craft villages designed to provide stakeholders within the creative sector an avenue for ease of doing business and the opportunity to train new talents.
Speaking during a courtesy visit to Nike Art Gallery in Lagos recently, the Special Adviser to Lagos State Governor on Tourism, Art and Culture, Mr Solomon Bonu said that Governor Sanwo-Olu has mandated the Ministry to create craft villages in both Badagry and Epe in order to boost tourism in the State.
He explained that due to the contributions of both Badagry and Epe to the historical growth of Lagos, the State Government has already commenced consultations and discussions on how to create jobs, showcase talents and train aspiring students in both communities.
While noting that Badagry would serve as the pilot phase for the project, the Special Adviser disclosed that the State government’s aim was to create a platform that would help attract foreign investors, promote its creative market and give operators in the industry opportunities to showcase their works.
He said that the plan of the State government was not just to create craft communities, but build a market where creativity would be valued.
“The creation of craft villages is long overdue for the protection of people in the sector, this informed the approval by Governor Sanwo-Olu for the establishment of a unifying market for the sector in these two strategic locations”, Bonu reiterated.
The Special Adviser expressed the readiness of the State government to put into consideration the interest of all relevant stakeholders in the creative arts business with a promise to seek their buy-in from the inception of the project.
Bonu equally appealed to the Federal Government to pay attention to the dilapidated state of the Okoko-Badagry Expressway as a way of boosting tourism businesses along that corridor.

Moody’s announces completion of a periodic review of ratings of Access Bank Plc

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Moody’s announces completion of a periodic review of ratings of Access Bank Plc

London, 08 July 2020 – Moody’s Investors Service has completed a periodic review of the ratings of Access Bank Plc and other ratings that are associated with the same analytical unit.

The review was conducted through a portfolio review in which Moody’s reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.

The review did not involve a rating committee. Since 1 January 2019, Moody’s practice has been to issue a press release following each periodic review to announce its completion.

This publication does not announce a credit rating action and is not an indication of whether or not a  credit rating action is likely in the near future.

Credit ratings and outlook/review status cannot be changed in a portfolio review and hence are not impacted by this announcement.

For any credit ratings referenced in this publication, please see the rating tab on the issuer/entity page on www.moodys.com for the most updated credit rating action information and the rating history.

Key rating considerations are summarized below.

Access Bank Plc’s B2 long-term local currency deposit rating incorporates one notch of government support from the bank’s b3 baseline credit assessment (BCA).

Access’ b3 BCA reflects the bank’s high asset risks, although improving, and higher leverage than peers in a challenging operating environment that is worsened by the depressed oil prices and ongoing coronavirus pandemic.

These challenges are balanced against Access’ resilient profitability, a deposit-based funding structure and good local currency liquidity buffers.

This document summarizes Moody’s view as of the publication date and will not be updated until the next periodic review announcement, which will incorporate material changes in credit circumstances (if any) during the intervening period.

The principal methodology used for this review was the Banks Methodology published in November 2019.  Please see the Rating Methodologies page on www.moodys.com for a copy of this methodology.

This announcement applies only to EU rated and EU endorsed ratings. Non-EU rated and non-EU endorsed ratings may be referenced above to the extent necessary if they are part of the same analytical unit.

This publication does not announce a credit rating action. For any credit ratings referenced in this publication, please see the rating tab on the issuer/entity page on www.moodys.com for the most updated credit rating action information and the rating history.

Global Financial Market in H2-2020: Taking a Vshaped recovery?

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Global Financial Market in H2-2020: Taking a Vshaped recovery?

At the height of the pandemic in Mar-2020, stock markets crashed to the levels not seen since the Global Financial Crisis 2008/9 as investors took a flight to relatively safer U S treasuries or maintained cash positions. Interestingly, while the performance of gold has been deemed to be positive in times of economic downturn, 2020 was different, as gold prices dropped significantly to a year low of $1,477.9/ozt in Mar-2020.

However, we saw a quick rebound through Apr2020 and May-2020, as investors took advantage of the cheap valuation and became optimistic of a gradual economic recovery, especially as monetary and fiscal authorities rolled out varying expansionary policies. In addition, the yields in the U.S. treasuries increased slightly, as investors’ appetite for riskier assets became stronger.

Looking ahead, we believe that the renewed interests in equities and fixed income might be sustained to pre-COVID levels. The expansionary monetary policy, low rates and recovery in commodity prices will see funds flow back into emerging economies as we approach the end of the year. However, the downside risks to our expectation include a possible second wave of infection, as well as potential for liquidity crunches, insolvency, and subdued demand, as unemployment levels take time to be restored to pre-COVID-19 levels.

United Capital Research

Mercedes-Benz Cars & Vans delivers more than a million vehicles worldwide in first half of 2020

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Mercedes-Benz Cars & Vans delivers more than a million vehicles worldwide in first half of 2020
  • Since the beginning of the year, Mercedes-Benz Cars & Vans sold 1,071,136 cars and commercial vans.
  • Mercedes-Benz achieved its best-ever Q2 car sales in China (+21.6%). Mercedes-Benz Vans also increased its Q2 sales of commercially used vans in China by 35%.
  • Britta Seeger: “Mercedes-Benz’s best second quarter to date in China shows the impressive speed at which demand is currently recovering in our largest market.”
  • Mercedes-Benz further intensifies its focus on digitization and electrification.

Mercedes-Benz has further intensified its customer contact in the second quarter using numerous digital services and tools. The high flexibility of its global dealers, the attractive product portfolio and the strength of the Mercedes-Benz brand were reflected in its car sales: in June, global deliveries were again slightly above the previous year’s level (+0.6%).

Since the beginning of the year, Mercedes-Benz achieved a better development than the overall luxury car market in some European markets and in its domestic market in Germany.

In the USA, the company took the leading position among luxury car brands in terms of unit sales in the first half of the year. In the Asia-Pacific region, the Stuttgart-based brand with the three-pointed star achieved a new sales record from April to June.

“Mercedes-Benz’s best second quarter to date in China shows the impressive speed at which demand is currently recovering in our largest market. From April to June, the effects of coronavirus had a strong impact on our deliveries in Europe and North America. By now nearly all of our worldwide dealerships have reopened.

Our customers’ interest in buying is high and we have been receiving very positive feedback on the numerous online activities of our global dealers. That is giving us grounds for optimism with regard to the sales trend in the third quarter,” stated Britta Seeger, Member of the Boards of Management of Daimler AG and Mercedes-Benz AG responsible for Marketing & Sales.

“In Europe, deliveries of our plug-in hybrids have more than quadrupled since the beginning of the year compared with the previous year period. The current number of xEV orders received by Mercedes-Benz Cars is also a positive sign for the second half of the year: in the next six months, we anticipate a significant sales effect from our ongoing electric offensive.”

Mercedes-Benz Cars & Vans unit sales

Mercedes-Benz sold 935,089 cars with the three-pointed star in the first half of the year (-17.6%). With the smart brand, the switch to a purely battery-electric drive had a significant impact on previous year comparison in sales: worldwide, 10,101 two-door and four-door urban microcars were handed over to customers since the beginning of the year (-83.3%).

Mercedes-Benz Cars thus sold a total of 945,190 cars from the Mercedes-Benz and smart brands in the first half of the year (-20.9%). At Mercedes-Benz Vans with regard to vehicles for commercial use, the global COVID-19 pandemic was clearly impacting the first half of 2020.

Especially because of the lockdown measures in April and May, this led to a 25.6% decrease in unit sales in the first half of the year compared with the previous year period. A total of 125,946 units of the Sprinter, Vito, Vito Tourer and Citan were sold in the first half of the year.

“The lockdown was not without impact for us. But we have do have a very strong product portfolio. The Mercedes-Benz vans have been quite noticeable on the road in these challenging times – because of numerous delivery services or as transporters in the health care sector among others.

It is particularly pleasing that the market in China has recovered so quickly and that we were able to increase unit sales of our commercial vans there by 35%,” said Marcus Breitschwerdt, Head of Mercedes-Benz Vans. “We are continuing to push ahead with the electrification of our products.

In the second quarter, the eSprinter and the EQV became available for order and will trigger additional demand. We are thus further strengthening our leading position in this segment. We are also optimistic that our Marco Polo models will win new customers in the motorhome segment.”

Mercedes-Benz car unit sales by region and market

In the Europe region, Mercedes-Benz delivered 313,490 cars in the period from January to June (-31.5%). In Germany, Mercedes-Benz sold 106,167 units in the first half of the year (-27.9%).

In its domestic market, Mercedes-Benz again had the most new-car registrations among the luxury car brands in the first six months of the year. In the Asia-Pacific region, the Stuttgart-based brand with the star had its best second quarter to date with unit sales of 259,404 passenger cars (+8.9%).

This milestone was reached primarily due to the positive development in the biggest market, China: there, sales of 207,107 units were more than 35,000 units above the previous record for a second-quarter (+21.6%). Sales from January to June were in China also above the previous year (+0.4%).

Deliveries in the North America region totalled 146,538 units since the beginning of the year (-16.0%). In the region’s core market, the USA, Mercedes-Benz delivered 127,207 passenger cars in the first half of 2020 (-13.7%).

Overview of Mercedes-Benz Cars & Vans retail unit sales

Q2 2020 Change in % H1 2020 Change in %
Mercedes-Benz* 457,711 -20.2 935,089 -17.6
Smart 4,238 -87.3 10,101 -83.3
Mercedes-Benz Cars 461,949 -23.9 945,190 -20.9
Mercedes-Benz Vans (commercial models) 61,358 -34.3 125,946 -25.6
Mercedes-Benz Cars & Vans** 523,307 /// 1,071,136 ///
Car unit sales by the Mercedes-Benz brand by region/market
Europe 124,527 -46.5 313,490 -31.5
– thereof Germany 41,835 -45.5 106,167 -27.9
Asia-Pacific 259,404 +8.9 458,253 -4.2
– thereof China 207,107 +21.6 346,067 +0.4
North America 68,037 -24.7 146,538 -16.0
– the thereof USA 59,461 -22.0 127,207 -13.7

* Including the V-Class and the X-Class

**The retail unit sales of the Mercedes-Benz Cars & Vans divisions were presented together for the first time in the press release on unit sales in the first quarter of 2020, so there is no comparative period.

Access Bank Subsidiary seeks to buy Zambian bank

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Access Bank Subsidiary seeks to buy Zambian bank

Access Bank Plc announces today that its wholly-owned subsidiary in Zambia, Access Bank Zambia Limited has entered into exclusive discussions with Cavmont Capital Holdings Zambia Plc regarding a potential transaction between Access Bank Zambia and Cavmont Bank Limited, a wholly-owned subsidiary of Cavmont Capital.

The potential transaction relates to the sale of 100% of Cavmont Capital’s interest in Cavmont Bank to Access Bank Zambia.

There can be no certainty that a transaction will be agreed, nor as to the terms of any such agreement. The completion of a transaction would be subject to formal regulatory approvals.

Access Bank will update the market as appropriate and in accordance with its’ disclosure obligations.

Accordingly, shareholders are advised to exercise caution when dealing in Access Banks securities until a full announcement is made.

Do you read food labels at all? Or is it just another “Terms and Conditions”?

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Do you read food labels at all? Or is it just another “Terms and Conditions”?

Many of us are guilty of quickly checking the “Yes, I Agree” button when we install software on our devices without reading the Terms and Conditions (T & Cs). Some people have argued that those T & Cs are often made lengthy deliberately to frustrate users from reading them. Whether this is true or not, we accept T & Cs with the hope that there is no apparent harm.

When it comes to food labelling for our packaged foods, we need to take extra caution to know what we are eating. Beyond checking for production and expiry dates to determine the shelf lives of our foods, we need to check if these foods are suitable for us based on our health needs and possible allergies.

Recently, someone I know complained of dizziness and fatigue for several days. She did medical tests and took drugs, but her condition did not improve significantly. Later on, she realized that her condition could be linked to a brand of green tea which she consumed daily. On checking the label of the green tea, she discovered that it was meant for people with high blood sugar.

In a nutshell, It is good one checks labels for other relevant information apart from expiry dates. Please share your thoughts.

Written by: Anifat Ibrahim, Research Associate | Project Management Professional (PMP).

Lagos State to Renovate, Upgrade its Housing Estates

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Lagos State to Renovate, Upgrade its Housing Estates

The Lagos State Government, through the Ministry of Housing, is set to renovate, beautify and upgrade its existing Estates to meet 21st Century standards.

The Permanent Secretary, Ministry of Housing, Mr. Wasiu Akewusola, who disclosed this at a virtual meeting with the Residents Associations and Facility Managers of various State-owned Estates on Wednesday, decried the present state of some of the Estates, saying that the faded externals do not befit the Greater Lagos image.

Akewusola, represented at the virtual meeting by the State Director of Estates, Mrs. Olayinka Patunola-Ajayi, revealed that the State Government is considering the systematic upgrade of the aesthetics of existing estates in order to enhance the quality of life of the residents.

“The Lagos State Government is committed to making the environment livable for all the residents of the State-owned estates. We are working out a plan through which a sinking fund comprising of contributions by residents is made available for the upgrade”, he said.

He appealed to the Residents’ Associations and the Facility Managers assigned to work in each Estate to do so harmoniously in order to achieve the set goals and objectives of the exercise, noting that, henceforth, both the Residents’ Associations and Facility Managers will be signatories to the bank accounts meant for the maintenance of the joint facilities in the Estates.

While seizing the opportunity of the online forum to appeal to residents who are in default of their payments to the State Government to pay up, Akewusola hinted that a Taskforce will soon be empowered to commence enforcement on outstanding payments.

“I am aware of the economic situation of the country and the setback the pandemic has caused various businesses but l wish to solicit that those with outstanding payments should strive to pay up. Very soon, a Taskforce will visit the Estates to enforce payments and or penalise defaulters”, the Permanent Secretary said.

Konga to employ over 100,000 Nigerians through Konga Affiliate project

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Konga to employ over 100,000 Nigerians through Konga Affiliate project

Composite e-Commerce giant, Konga has revived YUBOSS, a stellar reseller scheme now re-christened as Konga Affiliate through which it is offering millions of smart unemployed and under-employed Nigerians an opportunity to earn unlimited income and ultimately achieve economic freedom by partnering with the company.

Equally important, the Konga Affiliate programme which grants successful applicants instant sign-up at affiliate.konga.com offers a comprehensive partnership to affiliates.

Built upon the very popular YUBOSS scheme which the company floated under Yudala, the central idea behind the revamped Konga Affiliate programme is Konga’s burning ambition to reach the unreached and under-served Nigerians in the hinterlands and other parts of the country through the affiliates whom it has identified as critical partners in this initiative.

This is in addition to the desire to reach more of the growing band of savvy, quality-minded Nigerians in search of a reliable channel for their purchases.

Specifically, the programme affords affiliates who sign up a chance to earn unrestricted income through mouth-watering commissions on every successful sale of products on the Konga platform. Most importantly, hardworking and successful affiliates can grow through the ranks to ultimately become the owner of a Konga franchise store.

Further setting apart the Konga Affiliate programme is the immense benefits it offers affiliates. These include access to Konga’s world-class assets including its global supply chain, massive warehousing facilities for bulk deals, swift delivery of orders through Kxpress, it’s an in-house logistics company which boasts advanced delivery capabilities, digital payments through KongaPay, a Central Bank of Nigeria-licensed e-wallet as well as round-the-clock customer service support.

Affiliates can also enjoy access to credit facilities and training resources, mentorship opportunities with renowned entrepreneurs and global business leaders as well as sponsorship of mega deals and contracts.

In addition, the programme which has a structured progression path has been touted as a useful way out of the current harsh economic crunch and rising unemployment which has hindered the ambitions of millions of smart Nigerians in search of opportunities to make an honest living.

The dire situation is further compounded by the rampaging COVID-19 pandemic which has hobbled businesses the world over and in Nigeria.

Prince Nnamdi Ekeh, Co-Chief Executive Officer, Konga Group, says the company is looking for hardworking, determined Nigerians it can empower and invest in to create wealth through the programme.

‘‘The Konga Affiliate programme which we have relaunched online at affiliate.konga.com is one of the strategies we are deploying in providing creative employment opportunities for millions of Nigerian youths. Our target remains unemployed and under-employed. In fact, we are looking for partners that we can invest in through the programme.

‘‘As it stands, one of our ambitions at Konga is to ensure we reach more of the unreached and under-served Nigerians in the majority of the 774 local governments across Nigeria.

‘‘There is no doubt that unemployment is on the rise. However, the efforts of the government in creating jobs cannot cater to the army of unemployed and under-employed which is rising by the day. Through the Konga Affiliate programme, we are giving many Nigerians a way out of their current difficult circumstances into ultimate economic freedom.

‘‘Our goal is to see each successful affiliate, in turn, become an employer of labour. This is one of the fastest ways of reducing the spiralling unemployment and under-employment rates in Nigeria and giving hope to many,’’ he concluded.

Intending affiliates can register for a chance to join the programme at affiliate.konga.com

Sanwo-Olu: “Security Remains our Priority” as NNPC, SNEPCO Donate 16 Vehicles to LSSTF (Photos)

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Sanwo-Olu: “Security Remains our Priority” as NNPC, SNEPCO Donate 16 Vehicles to LSSTF (Photos)

Lagos State Governor, Mr. Babajide Sanwo-Olu on Wednesday restated his administration’s commitment to the continued provision of adequate security of lives and properties of Lagosians, saying it remains a major priority of his government.

The Governor stated this at the State House, Marina when he received 16 security operations vehicles donated to the Lagos State Security Trust Fund by the Nigerian National Petroleum Corporation (NNPC) and Shell Nigeria Exploration and Production Company (SNEPCo) to enhance policing and facilitate quick response time to distress calls in the State.’
Speaking during the handing over of the security operations vehicles to LSSTF, Governor Sanwo-Olu assured SNEPCo that the vehicles would be put to good use.
He said the presentation of the 16 vehicles was in fulfilment of the promise SNEPCo made to Lagos State Security Trust Fund during a dinner held a few months ago by Lagos State Government to seek support from the private sector.
He said: “We are excited because this is another confirmation of collaboration, another promise kept and another public-private partnership that is working for us in Lagos State.
“A couple of months back, even way before COVID-19, we had met at a dinner where we asked and solicited for support from our private sector operators in Lagos and SNEPCo was present at that dinner and they humbly committed to providing something for the state.
“So this was a commitment that was made to us months back but we are indeed happy that despite the very difficult terrain all of us have gone through, they have been able to make it, together with their joint partners – NNPC, Exxon Mobil and other partners.
“They are doing this because we as a government have shown consistent transparency in how we deal with them. We have shown that each time they support us, the support gets to the people and we get to use it for what the support is meant for.
Sanwo-Olu further assured the oil conglomerates that the State Government will continue to see them as development partners in the project of Lagos.
“We have different roles to play but we will continue to collaborate.
“We can assure you that the men that continue to keep us save will get these vehicles. We will determine how they go round. But you can be assured that none of them will be kept in governor’s residence. It will go to the people that truly require them and they will be used for the reason for which they were given.” Sanwo-Olu said.
Speaking on behalf of NNPC, the Group General Manager of National Petroleum Investment Management Services (NAPIMS), Mr. Bala Wunti, said the presentation of the operations vehicles is to support the unrelenting effort of Governor Sanwo-Olu in keeping over 20 million residents of Lagos State and their properties safe.
Wunti, who was represented by Mrs. Clementina Arubi, also commended Governor Sanwo-Olu and his team for their commitment in the fight against COVID-19 in Lagos State, the epicentre of coronavirus in Nigeria.
“Today in line with our GMD’s principles of Transparency, Accountability and Performance Excellence (TAPE), which are to be delivered in a safe and secure environment, leveraging technology and innovation, we are very proud to handover 16 security operations vehicles to Lagos State Security Trust Fund (LSSTF) to support the unrelenting effort of the Governor in keeping over 20 million residents of Lagos State and their properties safe,” she said.
In his remarks, the Managing Director of Shell Nigeria Exploration and Production Company Limited (SNEPCo), Mr Bayo Ojulari, said the presentation of the 16 security vehicles to Lagos State Security Trust Fund is to enhance policing and facilitate quick response time to distress calls, which are considered to be critical to crime prevention.
His words: “SNEPCo and indeed Shell Companies in Nigeria (SCiN) recognise the tremendous work the Lagos State government is doing to strengthen security in the state amidst limited resources. Our keen and constant evaluation of the state of our community always helps to identify gaps where we believe we can intervene to make a difference.
“In this instance, we recognise the need to support the government’s efforts in keeping the state safe, just as we have continued to support the state in two other areas- education and health. This, to a large extent, aligns with our priority of safety, health and development of our people and communities where we operate.
“Therefore, the 16 units of security vehicles being presented to the state’s security trust fund is to enhance policing and facilitate quick response time to distress calls which are considered to be critical to crime prevention.
Ojulari added that his company will continue to work with the state to seek other areas of collaboration and partnership.
Also speaking, the representative of one of the co-venture partners, Exxon Mobil, the Senior Manager, Security External Relations of Exxon Mobil, Ide Owodiong-Idemeko, urged Governor Sanwo-Olu to continue to do the good work he is doing to ensure that the people of Lagos State are secured and safe.
Other members of the executive at the event include the Secretary to the Lagos State Government (SSG), Mrs. Folasade Jaji and the Executive Secretary of LSSTF, Abdulrazaq Balogun, among others.
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