The Lagos State governor, Mr. Babajide Sanwo-Olu in collaboration with members of Lagos State Business community and Johnvents Indigenous Company has expressed the need to fix the commodity ecosystem for leading players in the agribusiness sector.
Sanwo-Olu while addressing stakeholders of Johnvents Group and members of Lagos State Business community emphasised the significant potential of Nigeria’s agricultural value chain in driving economic growth and enhancing food security in the nation’s economy.
Johnvents Indigenous Company also partnered with Lagos Rice Company (LASRICO) on the launch of the EkoRice programme to Advance Nigeria’s Commodity Exchange to enhance food security and boost Future exchange.
The partnership was announced at the official inauguration of the 5 billion series of the Eko Rice Contracts Programme on the Lagos Commodities and Futures Exchange in Lagos, where Johnvents was unveiled as a leading trading and distribution partner of Eko Rice with the initial offtake of 5,000 bags for nationwide distribution.
Speaking at the official presentation and partnership of Lagos Rice Company (LASRICO) on the launch and official inauguration of the 5 billion series of the Eko Rice Contracts Programme with members of Johnvents and Capitalsage group, Sanwo-Olu noted that the modern, interconnected global landscape is marked by complex markets, stressing that collaboration has become a vital catalyst for innovation, productivity, and competitive advantage.
Also speaking, group managing director of capital sage holdings, John Alamu said, “We are building upon our long-standing contributions to the agribusiness value chain, Johnvents Group is pleased to announce its support for the Lagos Rice Mill and Eko Rice Contract Programme by offtaking an initial 5,000 bags of Eko Rice while signing additional forward contracts through its FMCG division, Johnvents Foods Limited.”
The managing director of Johnvents Foods Limited, Febisara Hassan, expressed noting that, “Several years ago, we established Johnvents with a distinct vision: to emerge as the leading agribusiness globally for agricultural transformation and economic development.”
ENGIE Energy Access Nigeria Rewards ‘Innovation Challenge’ Winners With Prizes
By Gabriel Isaac
ENGIE Energy Access has presented cash prizes to the top three winners of the ‘Innovation Challenge,’ a technology-leveraged hackathon aimed to challenge students on innovative solutions, organised as part of this year’s annual energy event, ‘The Industry Discourse’ (TID).
‘The Industry Discourse’ is the largest student-led energy conference in the sub-Saharan Africa region, focused on bridging the gap between students and the energy industry, fostering synergy and giving young people the opportunity to contribute positively to Africa’s energy future. The conference was organised by undergraduates at the University of Lagos, recently.
As part of the company’s Corporate Social Responsibility (CSR) investment, ENGIE Energy Access supported the Industry Discourse’ and further demonstrated its commitment by providing a financial contribution of $3,000 (N2.1m) for the Innovation Challenge.
The first team, PERIHELION won a sum of $1,500; the second team, TEMT Energy won $1,000, and the third-place team AGROLL won $500.
Managing director of ENGIE Energy Access Nigeria Mangiza Phiri, emphasised the company’s commitment to addressing the energy access challenge in Nigeria and other African countries with underserved communities due to low-capacity national grids.
Onyiye Anene-Nzelu, Head of Mini Grid Energy Access Nigeria, who served as one of the speakers on the Energy Transition panel and presenter of the award, highlighted the importance of the winners’ innovative solutions for Nigeria’s energy sector, particularly in transitioning to cost-efficient off-grid power solutions and other clean energy sources. Anene-Nzelu expressed.
‘‘At ENGIE Energy Access, we believe that the outcomes of this hackathon have the potential to drive software innovation, benefitting our operational workflow and potentially saving time, cost and manpower. Also is enabling us to identify and connect with exceptional minds passionate about the energy transition, and fostering talent discovery,” she said.
Lawrence Olugbenga, Operational Marketing Manager ENGIE Energy Access and other members of the marketing team were also present at the event.
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