In commemoration of the 2019 International Volunteer Day, Oando Foundation led a team of Oando PLC employee volunteers to engage with pupils of Metropolitan Nursery and Primary School, Sari-Iganmu, Orile; an Oando Foundation adopted school. The initiative themed “Trash to Art” was aimed at refurbishing the Early Child Care classes in the school, providing age-appropriate educational materials, and increasing creativity among learners through arts and crafts using fun-based activities such as still-life drawing, class painting, creative collages, sketching and coloring, amongst others.
Mandated by the United Nations General Assembly (UNGA) in 1985, the International Volunteer Day (IVD) held annually on 5 December, is a global observance that offers organizations and individuals the opportunity to promote volunteerism; encourage Governments to support volunteer efforts and recognize volunteer contributions to the achievement of the Sustainable Development Goals (SDGs) at local, national and international levels. It is viewed as a unique opportunity for volunteers and organizations to celebrate their efforts, to share their values, and to promote their work among communities and other spheres of influence.
Oando Foundation, through its Adopt-A-School Initiative (AASI) continues to support the Federal Government’s efforts towards the actualization of the Universal Basic Education goal. However, there still exists a plethora of challenges directly impacting the quality of teaching and learning in primary schools including the absence of early childcare classes to cater to the needs of young learners aged 0-5 years in most public primary schools. Where available, these classes are mostly ill-equipped, lacking the requisite human and material resources to stimulate learning in a child-friendly and age-appropriate environment.
This year’s Volunteer Day presented a unique opportunity for Oando’s employee volunteers to make a lasting impact by working with teachers and pupils of Metropolitan Primary School to refurbish their early childcare classes for better learning outcomes, whilst also equipping them with relevant skills in arts and crafts to promote individual creativity. Pupils engaged in various activities ranging from class painting and redesign to sketching and colouring, decorative paper chain making, face painting, still-life drawing, and card making. In addition, Oando donated age-appropriate furniture and instructional materials to support the students’ learning needs. At the end of the event, pupils showed off their individual and group creations with great excitement, eager to share their newly acquired skills with others.
Speaking on the visit, the Head of Oando Foundation, Adekanla Adegoke noted, “On this year’s International Volunteer Day, we are reminded how fortunate we are as an organization to have such dedicated individuals willing and able to volunteer their time and resources in enriching the lives of others, especially those in our adopted schools. We believe in the power of collaboration through volunteerism in actualizing the Sustainable Development Goals, particularly Goal 4 which remains Oando Foundation’s key focus. We are hopeful that today’s donations and engagement with the students have positively inspired them, and more importantly will help improve their future learning experiences for better outcomes”.
It is interesting to note that research from different bodies have shown that there are tremendous benefits to corporate volunteerism such as increased self-awareness among staff, improved collaboration, impact on revenue, and an excellent way to motivate millennial talent who are eager to give back in more tangible ways.
The Chief Compliance Officer, Oando Plc, Ayotola Jagun who also volunteered for the event appreciated employees for the impressive turnout, emphasizing the relationship between this action and Oando’s core values. “With the amount of volunteers that came out today to support the Foundation’s drive, it is evident that Oando’s core values have been embedded in our DNA. As Humans of Oando, we will continue to support the Foundation’s efforts in mobilizing resources to raise the standard of basic education in Nigeria”.
Expressing gratitude for the goodwill extended to the school by the Foundation, the Head Teacher of Metropolitan Primary School, Mr. Abiodun Julius said: “We truly appreciate Oando Foundation for adopting our school. The Foundation has been our partner for many years; they have supported us in training our teachers, providing a perimeter fence for improved security, awarding scholarships to our students, and giving us teaching and learning materials to help our teachers and students perform better. We are very grateful for what they have done today for our students, especially those in the nursery classes”.
Oando Foundation, through its Adopt-A-School Initiative (AASI) is committed to designing and implementing multi-dimensional education interventions that support schools, communities, and the Nigerian Government in realizing the Sustainable Development Goal 4. To date, the Foundation has impacted over 160,000 lives across 88 schools communities in Nigeria.
About Oando Foundation
Oando Foundation is an independent Charity launched in 2011 to support the Nigerian Government to achieve its Universal Basic Education (UBE) goal. The Foundation’s vision is to create a sustainable and successful educational system in Nigeria that educates and empowers every child. Its mission is to improve learning environment in primary schools by holistically creating world-class basic education systems to the communities.
Oando Foundation is committed to transforming the educational system in Nigeria through the Adopt-A-School Initiative (AASI). AASI is a Public-Private Partnership (PPP) designed to improve the deplorable state of public schools and quality of education offered through an integrated and holistic approach aimed at upgrading adopted schools to acceptable standards. The AASI is focused on improving the overall quality of basic education in public primary schools in Nigeria. The programme seeks to create a sustainable, replicable and scalable model for effective teaching and learning in all adopted schools. AASI was initiated in 2007, in partnership with the Ministry of Education and State Universal Basic Education Boards (SUBEB) in line with Oando Foundation’s mission of transforming lives through education.
Oando Foundation has adopted 88 schools across 23 States – Adamawa, Akwa-Ibom, Bauchi, Bayelsa, Cross River, Ebonyi, Edo, Ekiti, Enugu, Kaduna, Katsina, Kwara, Lagos, Niger, Ogun, Ondo, Osun, Oyo, Plateau, Rivers, Sokoto, Taraba, and the FCT Abuja.
CHI Limited celebrates its maiden Hollandia Dairy Day
The Hollandia Dairy Day Conference is a public interest initiative created to highlight the importance of dairy in everyday nutrition and healthy living in Nigeria.
Nigeria’s leading dairy brand, Hollandia, is set to hold the maiden edition of its Hollandia Dairy Day. The event which will be celebrated on the 18th of May 2021 will provide a veritable platform to drive national discourse on the unrivaled health and nutrition benefits of dairy consumption to people of all ages.
Set to be hosted as a conference, the theme of this year’s event is “Dairy Nourishment to Support Healthy Living”, and it focuses on the vital role dairy consumption plays in our everyday nourishment, its benefit to our overall health, and why dairy products should be included in our diets every day.
This conference, which is designed as a hybrid of physical and virtual event, will feature presentations, interviews and panel discussions from health experts and nutritionists as they provide insights and share perspectives to guide informed decisions about dairy consumption as part of a daily balanced diet. The event is opened to the public through the brand’s multiple social media platforms.
According to a report by the Food and Agriculture Organization of the United Nations, 2019, Nigeria has low dairy consumption levels per head – 15 to 20 liters’ per capita consumption. This is partly attributable to low purchasing power of the average Nigerian household, who rank milk and dairy products as non-essential luxuries and prioritize other staple foods such as rice, beans, and yam.
By provoking the conversations and stimulating public action/intervention, Hollandia aims to drive consciousness for dairy consumption and its importance to achieving optimum health, and to get many more Nigerians drinking, using, and consuming dairy products.
The past year has presented unprecedented shocks and disruptions, including a global COVID-19 pandemic. As communities throughout the world look for ways to minimize the risk of COVID-19, maintaining and boosting good health is top of mind for many. Dairy foods such as milk and yogurt contain essential nutrients, including Vitamins A and D, Zinc and Protein, which support immune function.
The Hollandia Dairy Day Conference is a public interest initiative created to highlight the importance of dairy in everyday nutrition and healthy living in Nigeria.
Mastercard New Payments Index: Consumer appetite for digital payments takes off in Nigeria
78% of consumers in Nigeria say digital payments methods help them save money.
- 96% of consumers in Nigeria are considering emerging payments such as wearables, biometrics, digital wallets and currencies, and QR code, in addition to Contactless, according to the Mastercard New Payments Index
- 86% of Nigerian consumers have access to more ways to pay compared to this time last year
- 78% of consumers in Nigeria say digital payments methods help them save money
- 81% say they are more loyal to retailers who offer multiple payment options and would shop at small businesses if offered more diverse ways to pay
As the world went into pandemic lockdown in 2020, consumers shifted their spending habits to embrace contactless tap-and-go payments and online shopping. As stores closed and social distancing took hold, retailers worldwide moved their businesses online, embraced e-commerce and explored the potential of new ways to pay. More than a year later, research from Mastercard shows that the adoption of new payment technologies is rising, and consumer appetite for new, fast and flexible digital experiences continues to grow.
The Mastercard New Payments Index shows 96% of Nigerian consumers will consider using at least one emerging payment method, such as cryptocurrency, biometrics, contactless, or QR code, in the next year.
Over two-thirds of respondents (66%) agree they have tried a new payment method they would not have tried under normal circumstances, but the pandemic has galvanized people to try flexible new payment options to get what they want, when they want it. With this interest and consumer demand also comes a greater expectation for businesses to provide multiple ways to shop and pay. In fact, 81% of Nigerian consumers say they are more excited about shopping at retailers who offer the latest payment methods. Additionally, (78%) Nigerian consumers say that digital payment methods help them save money.
“The pandemic made us think differently, partly out of necessity,” said Craig Vosburg, Chief Product Officer at Mastercard. “To deliver the choice and flexibility that consumers need – and increasingly expect –retailers worldwide need to offer a range of payment solutions that are easy to access and always on. As we look ahead, we need to continue to enable all choices, both in-store and online, to shape the fabric of commerce and make the digital economy work for everyone.”
Contactless technology was the digital catalyst to explore new payment options because of its fast, secure, and touch-free experience. Between the first quarter of 2020 and the same period in 2021, more than 100 markets saw contactless as a share of total in-person transactions grow by at least 50 percent. A year into the COVID-19 pandemic, contactless is showing its staying power and dynamism – in the first quarter of 2021 alone, Mastercard saw 1 billion more contactless transactions worldwide as compared to the same period of 2020. All signs point to a continued growth path for contactless, with nearly 7 in 10 consumers globally anticipating using a contactless card this year.
“The world as we now know it has changed dramatically since the outbreak of the pandemic, accelerating long-term shifts in consumer transaction and payment methods. We continue to work with our merchants, fintechs and banking partners to rapidly innovate payment options that meet consumer needs while ensuring we drive financial and digital inclusion,” said Raghav Prasad, Division President, Mastercard, Sub-Saharan Africa.
Looking to the future, digital currencies and wallets, wearables, biometrics, contactless and QR codes are trending as emerging payments technologies as people’s comfort with them and understanding of them increases and the use of cash decreases. In fact, 86% of consumers in Nigeria have more ways to pay compared to this time last year. The exploding interest in new payment technologies may encourage businesses to expand their options at checkout. The Mastercard New Payment Index found:
- Cryptocurrency1 Gains Ground – Today consumers can buy, sell, and trade cryptocurrency as a commodity or investment. Consumers are also increasingly showing interest in being able to spend crypto assets for everyday purchases. As global interest in digital currencies continues to accelerate, 6 in 10 people (65%) in Nigeria say they plan to use cryptocurrency in the next year, with 76% noting they are more open to using it than they were a year ago. While consumer interest in cryptocurrency – especially floating digital currencies such as Bitcoin – is high, work is still required to ensure consumer choice, protection, and their regulatory compliance. Earlier this year, Mastercard announced that it will start supporting select cryptocurrencies directly on its network.
- Biometric Payments are More Trustworthy – Perceptions of safety and convenience have been front and center for people over the past year. 49% of Nigerian consumers say they plan to use biometric verification methods like gait or walk assessments and fingerprint authorization. In fact, over 6 out of 10 people (66%) feel safer using biometrics to verify a purchase than entering a pin.
- QR Codes are Cleaner and More Convenient – Growing markets are leveraging QR-based options as a clean and convenient way to interact with merchants. Consumer desire for clean and convenient ways to pay will remain post-pandemic. 54% of people in Nigeria expect to use more payment technologies like QR codes in the next year. Consumers also find that that QR codes are cleaner (75%) and more convenient (77%) for in-person payments and have a significant potential to reduce cost of payment acceptance and increase financial
- Digital Wallets Surge in Popularity – Nigeria is seeing a surge in the popularity of digital wallets. 73% of Nigerian consumers said they were likely to use digital wallets next year. 66% of shoppers even say that they feel safer storing their card information in one place such as a digital wallet.
To Meet People’s Demands, Businesses Forced to Jump into Emerging Payment Trends
With consumer interest around new payment technologies, the expectation for businesses to adapt for the long-term is here to stay. Over three in four Nigerian consumers (84%) say that they would shop at small businesses, if they offered more payment options, and 81% noted being more excited to shop at retailers that can offer the latest payment methods, and an equal proportion (81%) said they would be more loyal to retailers who offered multiple payment options.
This behaviour shift is reinforced by the desire for consumer choice – with 89% saying that they expect to make purchases when they want and how they want. The businesses that can provide multiple ways to shop and pay are best positioned to meet these expectations. As the demand for emerging payments and choice continues, it requires a wider range of payment solutions, insights, and products to meet the accelerating enthusiasm for the future state of pay.
Nairametrics | Company Earnings
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- 2021 Q1 Results: FTN Cocoa Processor Plc reports loss after tax of N162.21 million
- Tantalizers Plc reports a loss after tax of N97.75 million in FY 2020 in Q1 2021.
- Courteville Business Solutions Plc proposes final dividend of 3 kobo per share for FY 2020.
- 2020 FY Results: UPDC Real Estate Investment Trust records over 500% growth in Profit after tax.
- Sovereign Trust Insurance records a 43% surge in profit after tax to N392.1 million in Q1 2021.