Connect with us
nairametrics
UBA ads

Paid Content

Ekeh, Zinox boss, intervenes in Imo State with N1 billion

Chairman, Zinox Group, Leo Stan Ekeh has declared a three-year interest free loan of N1 billion to petty traders and small and medium businesses in Imo State.

Published

on

Ekeh and Ihedioha, Zinox

Chairman, Zinox Group, Leo Stan Ekeh has declared a three-year interest free loan of N1 billion to petty traders and small and medium businesses in Imo State. Ekeh, a native of Imo State, disclosed the intervention is to reduce hardship, stimulate business activities and give hope to the majority of the people in the state.

Further, Ekeh launched an educational support project for indigent but intelligent students of the state to enable them acquire proper university education. For this, Ekeh set up a non-interest revolving loan scheme of N500 million.

UBA ADS

He made this disclosure at the flag-off/groundbreaking of the construction/rehabilitation of rural roads by the Imo State Government. The event, which held on Tuesday, August 27th at Ubomiri, Mbaitoli Local Government, had in attendance, the Imo State Governor, Emeka Ihedioha. Also in attendance were traditional rulers and partner agencies from the World Bank and French Development Agency (AFD).

Indigent students will benefit from the revolving loan scheme to further and complete their education. Graduates from the scheme will also be exposed to employment opportunities.

Subsequently, the graduate-beneficiaries will be expected to refund the loan once they are gainfully employed at zero interest. This will ensure the sustenance of the scheme and allow others to benefit from it.

GTBank 728 x 90

[READ MORE: Aviation sector to contribute over N1.2tn to Nigeria’s GDP by 2020]

First Class graduates will be exempted from repayment of the loans as a reward for their sterling performance. Conversely, students whose grades drop to third class will be ejected from the scheme.

Ekeh believes that in the next 10 years, the interventions and the government’s commitment in these respects will reposition Imo state as the envy of all. Additionally, the serial digital entrepreneur revealed that Imo State is being used as a model. He disclosed that if it works, the efforts will be replicated in more states in Nigeria.

onebank728 x 90

The Zinox boss equally donated 20 laptops and a set of printers to the Imo State Government.

“I am very sure other well-meaning Nigerians will borrow the same strategies to replicate in their communities. This is not the age of free money and bad wastages. The 21st century is the age of privileges and opportunities.

“Nigerians must imbibe the culture of earning a living and paying back so that others can benefit. Cash is not inexhaustible. What I have done is use myself as personal collateral in addition to putting up some of my assets to try and bail out a percentage of my people.

app

“Indeed, if it works, the multiplier effects shall be far-reaching. If they fail me, it is a disaster but that is life. I have done the same in the ICT sector in the last 15 years with over N10b and it is still working. Most successful people in the world did not receive cash from their families so how did they become globally successful?”

Ekeh, a global advisor to Microsoft, revealed that he has not slept in his mansion in Owerri in the past six years.

“Each time I visit home, I often leave depressed. This is because of the state of things and the money I have to spend to help out those in dire conditions. With these interventions, I am confident that things will take a positive turn soon,” he affirmed.

In his speech at the event, Gov. Ihedioha expressed appreciation to Ekeh for the humanitarian and noble gesture, even as he expressed pride in the Zinox Boss.

“Imo State is proud to have a son like Leo Stan Ekeh. I am aware he put up some of his assets in order to raise the funds for the projects he has announced today. May God continually bless him for all that he does for humanity.  I am hopeful that other well-meaning Imo indigenes will join us to rebuild the state.”

app

Speaking at the event, Chief Victor Emeto heaped encomiums on the Zinox boss.

“Leo Stan Ekeh is the next to God not just in Imo State and our town Ubomiri in particular. He carries all our responsibilities from school and church building and maintenance to raising nursery schools in every church.

“He has an annual budget for every church in the community and does not limit it to Catholics only. Same with the education of our children and electricity. What is more disarming is his humility and quietness with which he does these things.

“In fact, he picks every phone call from anybody from this town, no matter how small. Any time he is home, he sits on the floor with us to discuss our problems.”

Also lending his voice was the oldest man in the Ubomiri community, Nze Moses Duru.

“Chief Leo Stan Ekeh is God-sent to Imo State. We are aware he supports other states in Nigeria. That is why we continue to pray for him and he does things without making a noise.”

Nze Duru ended by disclosing that Ekeh was equally responsible for facilitating the electricity in the village.

[READ ALSO: GTBank’s Segun Agbaje shares his thoughts on CBN’s loan policies]

Patricia

NM Partners represent articles published in paid partnerships with corporate organisations. They include press releases, targeted content, and other forms of corporate communications on behalf of our Paid Partners.

Click to comment

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Paid Content

Rivers, Kwara, receive 6 ambulances, food supplies and N100million each from BUA for COVID-19 intervention

BUA Foundation said the donations are intended to assist both governments in fighting the pandemic.

Published

on

Rivers, Kwara, receive 6 ambulances, food supplies and N100million each from BUA for COVID-19 intervention

The Rivers and Kwara State governments have commended BUA Group through its philanthropic arm, BUA Foundation for its support to both states in assisting in their fight against COVID-19. This came as BUA donated 6 ambulances, food supplies and 100million Naira each to both states.

 

UBA ADS

Khalifa Rabiu, Executive Director, BUA Foundation addressing Nyesome Wike, Governor Rivers State during the presentation of 3 ambulances to the state Government to help fight the Coronavirus Pandemic.

Speaking while presenting the ambulances to Nyesome Wike, the Rivers State governor in Port Harcourt and his Kwara State counterpart, AbdulRahman AbdulRazaq in Ilorin, representatives of BUA Foundation said the donations are intended to assist both governments in fighting the pandemic to a standstill as number of cases continue to rise in Nigeria.

READ ALSO: COVID19 UPDATE: Jigawa, Sokoto states receive ambulance from BUA Foundation

GTBank 728 x 90

On his part, Governor Wike praised the sustained support from BUA Foundation to the Rivers State government. He also revealed that the company has made a donation of 100million as well as 4,000 cartons of pasta for which the State remained grateful

L-R: Khalifa Rabiu, Executive Director, BUA Foundation and Nyesome Wike, Governor of Rivers state at the presentation of 3 ambulances to the Rivers Government to help fight the Coronavirus Pandemic in the state.

READ ALSO: Caverton Helicopters Ltd explains incidents that led to shutdown of its Rivers’ offices

onebank728 x 90

Also, Governor AbdulRahman thanked Abdul Samad Rabiu, the Executive Chairman of the Group for the ambulances and the 100million Naira donations to Kwara state which will further strengthen the state’s fight against the pandemic. He also added that the donations will be used judiciously.

Since the start of the pandemic, BUA has committed about 20million dollars to various efforts to tackle the virus within Nigeria.

Download the Nairametrics News App

app

 

EDITOR’S NOTE: This is a sponsored content.

Patricia
Continue Reading

Paid Content

Propertymart boosts affordable housing, allocates plots at Fairmont Hilltop Estate  

Allottees were full of commendations for the Company as they took possession of their plots.

Published

on

Leading real estate company, Propertymart Real Estate Investment Limited, has intensified its effort to provide affordable housing to Nigerians with the allocation of plots of land to subscribers at Scheme Two of its Fairmont Hilltop Estate, Alagbado, Lagos.

Subscribers to the residential scheme, an affordable housing initiative, were full of commendations for the Company as they took possession of their plots at the weekend.

UBA ADS

The subscribers, who praised both the scenic hilltop estate and infrastructure already provided by the Company, also hailed the speedy and transparent allocation process.

One of the allottees, Gibson Eze, praised the Company, saying “I’m impressed with Propertymart. I like their customer service in particular and I will be recommending this Estate to others because my experience so far has been excellent. Every one of their activities is documented, and since it’s documented, it gives you the room to have trust. Once there is documentation, trust can easily flow.”

Another allottee, Biodun Koleosho, also praised Propertymart for the excellent layout of the Estate and not using the COVID-19 lockdown to delay allocation of plots.

GTBank 728 x 90

He said, “They have done an excellent job of following up on keeping to their word and that is being able to deliver plots to customers. In terms of documentation, despite the COVID-19 lockdown, they got in touch with me and sent me an e-copy of the contract pending when I could come to the office and sign the hard copy. So, despite the challenges of COVID-19, they are still able to deliver as promised.”

Head, Marketing Services, Palton Morgan Holdings, Oluwaseyi Otulana (left), and an allottee, Bosede Otusanya, at the physical allocation of plots of land to subscribers of Fairmont Hilltop Estate, Alagbado, Lagos, at the weekend.

An elated Mrs Abiola Oni also said, “I like the speedy nature of the sale and documentation process. We paid around early February, and here we are in June with our plot. The environment is nice and cool. I am impressed with Propertymart.”

onebank728 x 90

Mrs Lynda Esohe Ugbesi, who stood in for her brother, Lucky Anthony, couldn’t contain her excitement with the serene Estate. She explained that “The environment is conducive and accessible. The terrain is excellent. I can see flooding won’t be an issue. The allocation process is transparent. I’m happy with the way everything has been done. I was even asking if they have more plots available so that I can tell others about the Estate.”

While commending the beautiful location, another allottee, Timothy Oyeniyi, said he had been on the lookout for a beautiful estate to invest in and that Fairmont Hilltop fit the bill perfectly.

He said, “It is secure from the hustle and bustle of the main Ota; it is close to Lagos. You can jump in and out without having to go through the potholes that many people experience in Ota. It’s a serene environment. That’s what I like about the location itself. And the fact that it’s a border town between Ogun and Lagos States.”

app

Speaking about the Estate and Propertymart’s resolve to provide affordable housing to Nigerians, General Manager, Sales and Marketing, Propertymart, Oluwasegun Damiro said, “We are committed to helping many Nigerians own their homes in a safe and secure environment and at pocket-friendly prices.”

He said, “we are for the grassroots and what we want to sell to people, particularly first-time homeowners, is affordability. Inside this Estate, we have some two-bedroom bungalows that we are constructing for people who won’t have time to build and want to save themselves the hassles of buying land and clearing. This is apart from the common land grabbers issue.”

Managing Director, Propertymart Real Estate Investment Limited, Abimbola Arasi (left), and an allottee, Segun Fasasi, at the physical allocation of plots of land to subscribers of Fairmont Hilltop Estate, Alagbado, Lagos, at the weekend.

Damiro added that though plots in Schemes One and Two in the Estate have been fully taken, prospective homeowners can take up the exciting promo offers in Scheme Three which run till the end of June.

“Ordinarily, our plot size is 500 Sqm, but we have 400 Sqm, 324 Sqm and 240 Sqm so that you could pay as low as N5 million. It’s all to encourage people. The promo price for 500sqm in Scheme Three is N7.8 million. That’s a discount of about N2 million from what you have in Schemes One and Two,” he said.

app

Damiro further added that Propertymart, which has been in the real estate business for over 12 years doesn’t just sell land, but a lifestyle to its customer.

He said, “We have allocated over 6,000 homes and serviced plots since inception and we are glad that our customers have faith in us. We don’t just sell land. What we sell is a lifestyle. Before people move in, infrastructure is ready. Street light, roads, electrification, which means that even before you start building, you have a planned Estate where you can start dreaming of where to keep a home—your children, where they are going to play. Where you can get your groceries. What we sell every day is a lifestyle, not just the normal Omo Onile.”

Fairmont Hilltop Estate, Alagbado, is part of the ‘The Fairmont’ serviced plots strategically located in Arepo and Lekki-Ajah. They are not only affordable but also allow clients to live in safe, beautiful environments with well-defined perimeters.

Patricia
Continue Reading

Paid Content

WAeY provides income opportunities for Nigerians amidst and beyond COVID-19

WAeY guarantees that you get your deliveries in the shortest possible time.

Published

on

The logistics industry has been one of the unsung heroes in the fight against the Coronavirus (COVID-19). This industry has been instrumental in the continuous movement of the wheels of online commerce. In fact, without the logistics companies, e-commerce would not be nearly as successful as it currently is. Since the outbreak of COVID-19, demand for last-mile logistics has increased significantly as people are more dependent on online stores and e-commerce sites to meet their urgent need for food, clothes, and other home essentials.

The importance of this industry is further evident in the numbers. According to the Global Logistics Market Report, global logistics reached a value of $4,730 billion in 2018 and is projected to reach an impressive value of $6,300 billion by 2024. Bringing it home to Nigeria, the industry has enjoyed steady growth and development and was valued at N250 billion in the 2018 Logistics and Supply Chain industry report. Early on, the sector was dominated by international courier companies until the influx of top e-commerce players who created the need for same-day delivery services at affordable rates, thereby strengthening the growth of the sector.

UBA ADS

In recent years, the logistics industry has benefitted from advancements in technology, integration and globalisation. Some of the notable advancements we have seen include GPS tracking, automated material handling, drones, internet of things, and smart logistics technology. All of these have improved efficiencies along trucking transportation, international transportation, supply chain management and shipment tracking. While not all of these technological innovations are available in Nigeria, several logistic companies have sprung up and are capitalizing on these utilities to enable them deliver superior services such as on-demand delivery.

One of the companies doing this, and expertly so, is WAeY. This platform is leading the pack in making instant deliveries of any type of parcel more convenient and accessible. What WAeY does is to match riders to requests closes to them on an app, ensuring that the often frustrating hurdles you experience with more traditional logistics companies is eliminated completely. Essentially, WAeY guarantees that you get your deliveries in the shortest possible time, a feat that would not be achievable without heavy reliance on technology.

It is also worthy of mention that the WAeY methodology has a ripple economic effect on players within the sector again through its dependency on technology. By giving the customer and business owner the ability to track orders in real-time, it becomes easier to build and renew trust between users and delivery service providers. With trust being a major currency in service delivery, this will inadvertently yield positive results with a promise of up to 80% returns for partners or bike owners according to information available on their social media accounts.

GTBank 728 x 90

What is most interesting to note at this time is that WAeY Technology – in partnership with HOR Logistics – is at the moment offering business opportunities for entrepreneurs and those who need a source of income in a time like this. With the growing demand for logistics occasioned by the new normal that the COVID-19 pandemic has introduced, on-demand logistic services are set to thrive. In response to the increased demand, WAeY is offering interested partners an opportunity to come on board. With as low as N600,000, anyone can become a business partner and enjoy access to a bike, medical insurance, training, and more.

As questions continue to swirl around opportunities for economic gain in a post-COVID era, one of the sectors that will surely experience a boom is the logistics sector. Furthermore, its low-cost entry and ability to deliver quick returns makes it a sweet spot for any interested participant. Will you consider this business opportunity with WAeY? You can reach them via email at [email protected].

onebank728 x 90
Patricia
Continue Reading