Skip to main content

OKOMU COMMISSIONS EIGHT (7) PROJECTS IN NEIGHBOURING COMMUNITIES

OKOMU COMMISSIONS EIGHT (7) PROJECTS IN NEIGHBOURING COMMUNITIES
In fulfillment of its commitment to attracting development to its neighbouring communities, Okomu Oil Palm Company Plc. has commissioned 7 projects in five (5) of its over twenty (20) neigbouring communities.

The projects which cut across communities in Uhunmwonde, Ovia South West and Ovia North East local government areas of Edo State is part of Okomu’s annual corporate social responsibilities (CSR) to its neigbhouring communities.

The projects commissioned include a Semi-Industrial Borehole at Irhue Community, and an ultra modern Town-Hall at Umokpe Community in Uhunmwonde Local Government Area.

Others are a Semi-Industrial Borehole and a block of Market Stalls at Agbanikaka Community, in Ovia North East Local Government Area, an ultra modern town-hall and an domestic Borehole at Marioghioba (AT&P) community as well as a modern community town hall at Udo community Ovia South West Local Government Area.

Speaking during the commissioning exercise, the Communication Officer, Okomu Oil Palm Company Plc., Mr Fidelis Olise who represented the Managing Director, Dr Graham Hefer, said the projects are continuation of the Company’s CSR signs her neigbhouring communities.

He opined that despite the currently economic challenges which has nosedived the revenue of most businesses across the world, Okomu did not take that as an excuse but rather it kept to its promise of providing social amenities for its neighbouring communities.

The Okomu Communication Officer however appealed to the community in which the projects are situated to ensure that they take good care of the projects as this will encourage the company to do more just as he urged them to continue to create an enabling environment for the company to operate. 

In his response, the Iyase of Udo, His Royal Highness Patrick Igbinidu, appreciated the board, management and staff of Okomu Oil Palm Company Plc. for the annual projects being executed in the various neighbouring communities, stressing that this has greatly improved the relationship between the communities and the company.

On his part the acting Odionwere of Irhue community, Pa Ogiemwonyi Aiwekhoe who spoke through his son, Lucky Ogiemwinyi appreciated the company for its contribution in attracting development to the community adding that the coming of Okomu to their communities has greatly uplifted the standard of living of residence in the area. 

It could be recalled that Okomu Oil Palm Company Plc., had in December 2019 commissioned 9 projects in its neighboring communities. 

Comments

Post a Comment

Popular posts from this blog

N-Power: FG extends Batch C enrolment Aug 8

FG extends Batch C N-Power enrollment to August 8 Add caption The Federal Government says the enrolment for Batch C scheme of the N-Power Programme which started on June 26 will now close on August 8. Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Umar-Farouq, who disclosed this via  Twitter on Sunday night, said over 5 million applications have been received for the scheme. The Federal Government plans to enrol 400,000 applicants in the Batch C scheme. Batches A and B of the programme who are about to exit the programme held a rally at the National Assembly Complex last week, requesting FG to employ them as well as pay them a grant of N600,000 each. Providing an update on the development, the minister said on Sunday, “I received the news of a protest at the National Assembly by N-Power Batch A and B beneficiaries who presented a list of demands which we are reviewing and will address as practically possible. “Let me reiterate that th...
Post a Comment
Read more

Local investors take charge as foreign investors remain cautious amid FX scarcity

Local investors take charge as foreign investors remain cautious amid FX scarcity Renewed positive sentiments in the global space dominated markets in the month of May as investors’ optimism for a speedy economic recovery continues to support appetite for risky assets. This is also coming on the heels of ease in lockdown and gradual reopening of economic activities. In Nigeria, domestic investors took the driving seat at the nation’s equities market in the month of May as they took positions in cheap and dividend-paying bellwether stocks. On the other hand, foreign investors who are unable to move their funds from the country due to FX scarcity rolled their money back into the equities market. In the month of May, total value of transactions executed by domestic Investors out performed transactions executed by Foreign Investors by 40percent. According to data released by the Nigeria Stock Exchange, total transactions executed between May and April revealed that total domest...
Post a Comment
Read more

NAIRA WEAKENS TO LOWEST IN THREE YEARS

NAIRA WEAKENS TO LOWEST IN THREE YEARS The Naira yesterday weakened to the lowest in over three years in the parallel market due to increased demand for dollars amid foreign-currency shortages. The local currency depreciated to N495 to a dollar yesterday, lowest since February 23, 2017, widening the gap with the official rate of N379.5 to over 30 per cent. The currency traded in the interbank market at 389.74 as of 4:54p.m. in Lagos. Agency reports quoted traders as alleging a groundswell of diversion of dollars, a development which heightened scarcity of the green back in the parallel market this week. There is a diversion of inflows away from official channels to the parallel market due to the gap in rates, Murega Mungai, trading desk manager for Aza Finance said in a note Thursday. The market spread has created arbitrage opportunities for recipients of remittances such as exporters and private individuals. Pent up demand in the foreign exchange market is not unprecedente...
Post a Comment
Read more