This collaboration seeks to leverage the expertise of well-known business leaders to offer deep insights into Africa’s dynamic market.

The announcement follows the official launch of the Africa Leaders Business Council by the Milken Institute on July 2, an initiative designed to strengthen the institute’s engagement across the continent by bringing together influential figures from diverse sectors such as technology, finance, sustainability, and innovation.

Olugbenga “GB” Agboola, Founder and CEO of Flutterwave, noted that Flutterwave’s role in facilitating market entry for global businesses into Africa aligns perfectly with the Milken Institute’s mission to drive sustainable economic growth.

Agboola emphasised Flutterwave’s mission to empower local businesses and facilitate innovation.

“Flutterwave’s ability to enable seamless expansion for global multinationals, along with our support for local enterprises, mirrors the Milken Institute’s objectives of leveraging technology to enhance economic development in Africa,” Agboola said. “We are thrilled to collaborate with the Milken Institute to further these goals.”

The involvement of Dangote Group, outstanding in manufacturing, emphasises the council’s focus on leveraging industrial and economic expertise to address Africa’s business challenges.

The group’s wide experience in sectors like cement, oil and gas, and consumer goods is expected to provide invaluable insights.

Laura Deal Lacey, Executive Vice President at the Milken Institute, highlighted the timing of the council’s formation amidst global economic shifts. She pointed out that Africa’s demographic potential and innovative expertise make the continent a key player in the global economy.

“Africa is on the cusp of significant economic transformation,” Lacey said. “The Africa Leaders Business Council will guide our stakeholders through the complexities of the African market, offering new perspectives on issues like climate change, health, capital access, and energy transition.”

The Milken Institute, known for its work in promoting financial and social progress, has a history of engaging with Africa through various initiatives.

These include the Global Financial Scholars Program, the Milken–Motsepe Innovation Prize Program, and efforts to improve pandemic preparedness and health innovation in countries like Kenya and Nigeria.

The Africa Leaders Business Council aims to capitalise on these initiatives by enabling deeper connections and facilitating high-impact projects across the continent.

Upcoming events to engage the council include a private investor dialogue alongside the United Nations General Assembly, a policy roundtable in Nigeria focused on debt sustainability, and the Milken Institute Middle East and Africa Summit scheduled for December.

Integrating the strengths of its diverse members, including other notable organisations such as Africa Investment Forum, BES, CrossBoundary Group, and Women’s World Banking, will enable the council to bolster Africa’s business industry and drive sustainable growth.

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The development came as the falling naira exchange rate, rising inflation and other economic headwinds have continued to worsen the cost of living crisis.

An insight into what the advisory committee said set the pace or direction for Nigeria’s Economy. According to Dangote, who was part of the private sector delegation on the committee, Sunday’s gathering gave stakeholders the opportunity to clarify the specifics of their roles in President Tinubu’s Renewed Hope Agenda.

According to him, “I think we had a very good meeting. What we discussed is generally about the economy, food security and security of the nation. We discussed everything in detail.

“The economic presidential advisory committee which has been set up. will look at all the issues and address them, coming from job creation and food security.

“So, all these things have been discussed in detail. I can’t give you all the details right now, but we are hopeful and we’re a great nation. We have what it takes to turn around the economy and we’re going to do that.”

Meanwhile, his counterpart, Elumelu noted  that implementing the decisions made that the gathering “will have propelled our economy and help alleviate the poverty in the land, help create employment and help put food on the table of Nigerians.” But Abdul Samad Rabiu, the Chairman of the BUA Group, revealed that the committee held frank and exhaustive discussions with the President on the foreign exchange rate.

Rabiu said,

“We discussed how to bring the foreign exchange rate down because we all know that what is happening as regards the foreign exchange is artificial. It is manipulative and thank God the CBN is doing quite a lot.”

Meanwhile, states have expressed readiness to partner with the federal government’s welfare interventions to alleviate the hardship on Nigerians. They said the advisory committee’s decision would only yield results when execution is prioritised.

Governor Dapo Abiodun of Ogun State said,

“As a governor, I can assure you that all hands are on deck. All governors have resolved to join hands with Mr President to ensure that he provides the necessary intervention to cushion the effect of what we’re going through while we are waiting for the implementation and the evidence of the fiscal and monetary policies already in place.

“In my state and other states, we are bringing in rice, we’re bringing food items and selling at rates that can be obtained before the downslide of the naira. So we are going to be doing all these to bring succour to the common man until we begin to see the evidence of the fiscal and monetary policies.”

On his part, Governor Charles Soludo of Anambra State said the tripartite committee “will be meeting from time to time to evaluate how things are going and make recommendations to Mr. President and the nation as well.”

The Director-General of the Manufacturers Association of Nigeria, Mr Segun Ajayi-Kadir, affirmed that the private sector “will play a very significant role” in promulgating workable recommendations to the President on economic matte

President Bola Tinubu, on Sunday created an economic advisory committee comprising the federal government, sub-nationals and the private sector.

This resulted from talks between the President and key stakeholders at the State House, Abuja, on Sunday evening.

The development came as the falling naira exchange rate, rising inflation and other economic headwinds have continued to worsen the cost of living crisis. Some of the prominent members of the private sector that made the list include the Chairman of United Bank for Africa, Mr. Tony Elumelu, and Aliko Dangote, the chairman of Dangote Group.

Speaking at the meeting on behalf of the federal government, Tinubu said the goal “is to provide additional efforts” in stabilising the economy and ensuring the “best economic future” for Nigerians.

He said,

“Let’s look at what we’re doing right and what we’re doing wrong to bring life back to the economy. As I have said many times, the people of this country are only the people we have to please.

“And we are very much concerned from students to mothers and fathers, farmers, the traders and realising that everyone of us will have to fetch water from the same well. We’re looking for additional efforts that might help the downtrodden Nigerians and we will provide hope and reassurance that economic recovery is on its way.

“We are not saying that we have all the answers. But we will not be blamed for not trying. We assure Nigerians that we will do our best to get our marshall plan in place and fashion out the best economic future for this country.”

At the meeting, Tinubu discussed food security, job creation and the exchange rate.

The post What Soludo, Dangote, Elumelu Said After Meeting Tinubu appeared first on Tech | Business | Economy.

The promo is expected to offer life-changing prizes, which will have immense economic value to loyal consumers.

The company said every single bag of Dangote Cement to be produced daily through the promo period would contain scratch cards for various gifts to be won by consumers.

The Dangote Promo Season 3, which runs from July 5 to October 31, 2022, will provide customers the chance to win prizes like television sets, refrigerators, rechargeable fans, 2KVA generators, and millions of airtime gifts from major networks in Nigeria.

At launch, Michel Puchercos, Group Managing Director, Dangote Cement Plc, said the Bag of Goodies Promo series was designed to continuously reward loyal consumers who have stayed faithful and remained the backbone of the cement business.

He said these consumers have contributed in no small measure to making the Dangote range of cement products the first choice for construction purposes across the country.

Puchercos explained, “We are offering life-changing prizes, which have immense economic values as they can be used to kick-start small-scale businesses.

These prizes are targeted to help many families recover from the impact of the COVID-19 global pandemic, which adversely affected their sources of livelihoods.”

How to Win

• Buy any “bag of Goodies” 3- Dangote Cement -42.5R, 42.5N, Falcon or BlocMaster
• Pick out the scratch card inside the bag

Instant Win

• Scratch and stand a chance of winning instant prizes as revealed on the card
• Instant win prize items to include
  Airtime (N100, N200, N500 worth), Dangote food packs, Refrigerators, TV sets, Motorcycles, Tricycles
• Keep your scratch card for Spell and Win Star Prize

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