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Corporate Press Releases

AXA Mansard promotes SMEs in Nigeria, lauches business insurance plan

The Business Insurance Plan (BIP) is a one-stop insurance solution that addresses the business risk exposures of small and medium enterprises.

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In line with the company’s strategy to grow Small and Medium Enterprises (SMEs) in the country, AXA Mansard Insurance PLC, a member of the AXA Group and global leader in insurance and asset management, has unveiled its ‘Business Insurance Plan in Lagos to serve Nigerians better.’.

The Business Insurance Plan (BIP) is a one-stop insurance solution that addresses the business risk exposures of small and medium enterprises. It is a potpourri of highly beneficial insurance risks management solutions bundled together. These solutions include Business Content, Group Personal Accident, SME Life, Health Care, Public Liability, Optional Covers, Professional Indemnity, Comprehensive Motor, Stock and General Conditions.

Every business comes with a certain amount of risk. Although pitfalls and challenges cannot be avoided, but they can be mitigated with the proper precautions, planning, and Insurance coverage. These risks and pitfalls are what the Business Insurance Plan seeks to address.

The BIP is available for purchase seamlessly on the company’s transaction website: www.axamansard.com. Purchases can also be made through sales agents and at any of our offices nationwide.

Speaking at the event, the Chief Executive Officer of the company, Kunle Ahmed stated, “Our aim is to deliver the appropriate solutions for small to medium enterprises at a competitive price. It is our expectation that this product will enable the SMEs to hedge the risks they face and focus on strategizing and growing their businesses knowing that they are protected.”

With 17.4 million SMEs in Nigeria, the role they play in the growth & development cannot be overemphasized. They are a significant force in reducing unemployment and accelerating GDP growth. We are therefore very excited to be able to provide this innovative solution that ensures they continue to thrive.

The Chief Client Officer, Mrs Rashidat Adebisi stated that “the driving force behind the development of this product is AXA’s purpose which is to “Act for human progress by protecting what matters”. At AXA Mansard, we care about people and their businesses, therefore we constantly listen, think and innovate.”

AXA Mansard is registered as a composite company with the National Insurance Commission of Nigeria (NAICOM). The Company offers life and non-life insurance products and services to individuals and institutions across Nigeria whilst also offering asset/investment management services and health insurance solutions through- AXA Mansard Investments Limited and AXA Mansard Health Limited respectively. The parent company was listed on the Nigeria Stock Exchange in November 2009.

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Corporate Press Releases

Syngenta, WACOT partner to boost Nigeria’s food security

WACOT and Syngenta would collaborate with farmers and others to sustainably improve the most important factor in agriculture – yield.

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feeding Nigeria’s current and future population

Leading food and agro-processing company in West Africa, WACOT Limited, and leading global agritech company Syngenta Crop Protection are partnering for impact to further boost Nigeria’s food security and ensure sustainable development of the agriculture sector.

This would see Syngenta Crop Protection working closely with WACOT over the next five years to help improve the sustainability, quality and safety of Nigeria’s agriculture with world-class science and innovative crop solutions.

Although Nigeria’s agriculture sector is the country’s highest employer of labour, accounting for 70 per cent, it has suffered low output resulting in poor returns for farmers and massive food import.

The partnership agreement with WACOT Limited, which operates in all 36 states in Nigeria and supports production of crops including rice, maize, sorghum, soybean, cotton and vegetables, will therefore help further Nigeria’s drive towards attaining self-sufficiency in food.

Through this partnership with WACOT, Syngenta would collaborate with farmers and others to sustainably improve the most important factor in agriculture – yield. This will take the form of WACOT supporting the Nigerian farmer on cost-effective agronomic practices, advanced crop protection methods through the usage of yield enhancement products and biological compounds to consolidate the growth of the agriculture sector in the country.

Commenting on the partnership, CEO of the Agri division of TGI Group, the parent company of WACOT Limited, Ramesh Moochikal stated that it desired for Nigeria to attain self-sufficiency in crop production and would look to enter into strategic partnerships to achieve this goal.

Moochikal said: “We are most pleased with this partnership that would further help us achieve our dream for Nigeria – food security and self-sufficiency. Nigerian farmers are hardworking, and we know that if we can make them aware of better crop production practices and make results of our research and development efforts available to them, things will improve, and the agri sector as a whole would benefit.”

Also speaking, Syngenta Crop Protection West Africa Head, Franck Tokore said the company was proud of its relationship with WACOT and would continue supporting Nigerian farmers.

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He said: “We are delighted to be renewing our partnership with WACOT. Through this partnership, we provide quality solutions to farmers in Nigeria and help support food security and livelihoods in Africa’s most populous country. By supporting farmers in Nigeria to sustainably increase their yields, we are also helping them be more competitive globally, hence reducing the need for imports. Nigeria has huge potential, which we strive to unlock sustainably through this partnership”.

Syngenta is one of the world’s leading agriculture companies, comprising Syngenta Crop Protection and Syngenta Seeds. It aspires to help safely feed the world while taking care of the planet. Its technologies enable millions of farmers around the world to make better use of limited agricultural resources responsibly.

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Over the years, WACOT has consistently focused on contributing to food security in Nigeria. It has developed a strong portfolio of Agri inputs to fuel the country’s self-sufficiency in agriculture.

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Corporate Press Releases

Edo, emerging role model for digital economy – Ekeh, Zinox boss

The serial digital entrepreneur declared that Edo boasts ready whiz kids who can defend the state and Nigeria in the 21st Century.

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Africa’s foremost digital disruptor and founder, Zinox Group, Leo Stan Ekeh, has disclosed that Edo State has the requisite attributes to become a model for digital economy in Nigeria.

Ekeh made this known on Monday, April 12, 2021.

The Zinox boss was speaking during a smart exploratory visit to Benin, the Edo State capital for likely expansion and investment purposes. The serial digital entrepreneur, who seized the opportunity to pay a courtesy call on the Edo State Governor, Godwin Obaseki, expressed his surprise at the massive rate of digital adoption in the state, even as he declared that Edo boasts ready whiz kids who can defend the state and Nigeria in the 21st Century.

‘‘The wealth of Edo State lies not in its current Internally Generated Revenue (IGR) profile, its population or level of infrastructural development in the state but in its growing army of digitally ready youths, many of whom will become certified and sustained billionaires in the nearest future,’’ Ekeh stated.

The Zinox boss, who was conducted round some of the tech hubs in the state in company of some of his Management staff, expressed amazement at the brilliance of the youths he encountered at the centres, among whom are software developers and coders, digital graphic artists, social media creatives, fashion designers and automobile technicians, among others.

Ekeh, who also addressed specifically the young girls in the hubs, encouraged them to keep up building up their capacities, even as he assured them that they are bound to become global leaders soon as it is now more an extra blessing to have girls than boys in this century, noting that by the second quarter of the century, billionaires would no longer be assessed by their monetary values or gender, but by their future earnings and family values.

The Zinox Chairman hailed the cultured disposition of the young ladies, jokingly noting that if he were to marry today, he will go for a tech-savvy Edo girl already prepared to rule the world.

‘‘This was how I took a decision those old days when I married my wife as a knowledge star with a First Class in Mathematics, a UK-certified accountant with an MBA. Be proud of your state and country of birth and the knowledge privileges you are enjoying under Governor Obaseki and continue to pray for good leadership. Your Governor has made all of you global citizens because you have great value to add to the society as wealth creators and not a burden to the society,’’ he counselled the youths.

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He affirmed that the coronavirus pandemic has turned out to be a blessing in disguise, stating that a state like Edo, for instance, has taken advantage of it to double down on its embrace of technology, while some states may not have been conscious of using digital tools to upgrade the knowledge of their citizens.

‘‘I felt the power of enforced digital knowledge in February when I celebrated my birthday. I received over 12,000 messages through texts, WhatsApp, Facebook, emails, etc. It was impossible to reply all well-wishers. After a few days, I woke up one morning to pray for all persons and organisations that wished me well including Mr. President. It was unprecedented but that reassured me that I did not waste my 36 years of preaching digital democracy and doing IT evangelism.

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‘‘It is obvious that the COVID-19 pandemic and its encumbrances has helped Edo State turn more attention to transforming the state into a digital economy. This is highly commendable. Although the current wave of digital revolution was birthed by the administration of former President Olusegun Obasanjo, the current administration of President Muhammadu Buhari has also dedicated huge attention to the importance of building a digital economy in Nigeria, especially with the renaming of the Ministry of Communications and the appointment of Dr. Ali Isa Pantami, a digitally-savvy professional to man it.’’

Ekeh commended Obaseki for bringing his exposure to bear in building a knowledge base in the state, adding that the state has gone about the initiative without making a noise about it. Further, the Zinox boss disclosed that the benefits of leveraging technology in all facets of human endeavour cannot be over-emphasised in the 21st Century, even as he reiterated that it is the only resource today that can bridge the gap between the haves and the have-nots.

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Also speaking at the event, Obaseki emphasised the determination of his administration to leave a lasting legacy in the state through a deliberate focus on technology.

‘‘While receiving the Founder Zinox Group, Mr. Leo Ekeh, I reassured that my administration will continue to pursue policies and programmes to enhance digital transformation for businesses in the state, so as to increase their competitive advantage, improve performance and boost growth.

‘‘For us as government, our role is to create an enabling environment; an environ for people to be successful. It is evident, over the last four years, how we have focused on the electrification of Edo state, human capacity building and other notable projects to drive the state’s economy,’’ Obaseki stated.

Meanwhile, Zinox, one of the Infrastructure Companies (Infracos) licensed by the Federal Government, is expected to roll out a multi-billion-naira broadband deployment in the entire 95 local government areas in the South East, a project which analysts believe will unleash the sheer human capital potential of the region and transform it into an investors’ delight.

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