Thursday, 10 December 2015

First Shopping Mall In Anambra State Opening Soon

Anambra State Gov. Willie Obaino
Onitsha, the largest commercial and trading centre in South East Nigeria, is set to witness increased tempo of activities as the first shopping mall in the area opens for business in the first quarter of 2016.
Onitsha Mall, a joint venture project by African Capital Alliance and the Anambra State Government, is located off Awka Road in the GRA part of the city. The mall has over 60 shops and is easily accessible from all parts of Onitsha and surrounding towns such as Obosi, Oba, Ogbaru, Nsugbe, Nkwelle, Nkpor, Ogidi and Aguleri, to name a few.
Ngonyama Okpanum Associates “NOA”, an international architectural firm with offices in Abuja, Cape Town and Saigon Vietnam are the designers of the Mall. The debt funding for the project was provided by Diamond Bank.
The facility, the first of its kind in Anambra State, is at about 95% completion and will open for business in February 2016. Shoprite and a number of big retailers offering fashion accessories, sports equipment, banking services, telecom and ICT software and hardware services have secured space in the mall. These retailers are busy fitting out their shops in preparation for the February 2016 opening.
The developers of the project, African Capital Alliance (ACA) said the new mall facility will signal a new dawn in the life of the city that has grappled with a dearth of quality recreational and modern lifestyle-enhancing amenities.
ACA’s real estate fund manager, Obiora Nwogugu, stated: “the mall will provide ample social, life-style and entertainment facilities for all categories of people. It boasts of adequate security and parking space, thereby making it an ideal place to shop, entertain and meet up with friends and family. We have also placed a premium on the use of modern equipment and methods to ensure the safety of our shoppers”. 

Wednesday, 2 December 2015

BUA Works Against FG's Drive for Investment into Local Vegetable Oil Cultivation

Alhaji Abdulsamad Rabiu, Chairman Bua Group
The federal government's drive to reduce pressure on the nations foreign exchange reserves and promote large scale creation of farming jobs in local communities in the country is being seriously set back by some companies it has been learnt.

According to investigations, BUA group, a Nigerian conglomerate, which has benefitted from federal government preferential trade incentives under the Backward Integration Policy has refused to join others in the same category to invest in real agricultural production and manufacturing.

In the vegetable oil sector, it was gathered that while other vegetable oil producers are investing in massive cultivation of oil palm plantations, BUA has done virtually nothing in terms of farming, instead it fully depends on importation of Crude Palm Oil (CPO) from Asia for refining in Nigeria with only very little value addition and economic activities created.

This business strategy said to be championed by BUA is blamed by experts for the continuous exportation of job opportunities that could have bailed a lot of Nigerians out of unemployment and poverty to other countries in Asia.

A market watcher noted: "It is disgraceful that BUA group that has received all sorts of incentives from the federal government, from hugely subsidised tariff and concessionary importation quotas over the years will not deem it necessary to begin to engage in actual production within the country. Mere importation of crude palm oil for packaging and distribution will never bring the needed economic advancement to this country."

According to investigations, PZ Wilmar which had been earlier criticised for the same issue has been seen to have acquired nearly 50,000 hectares of oil palm plantation from the Cross River State government and Obasanjo farms and they are currently rehabilitating the palm trees in this plantation, creating jobs for thousands of local people across the country.

"Unfortunately, till date, it remains to be seen if BUA with all its claim to be a foremost and major manufacturer in Nigeria, has really injected significant investment in real productive agriculture and manufacturing.

"Rather, it is said to have just been a company that imports bulk of its raw materials, many of which can be produced locally, little value addition and a lot of smile to the bank with huge margins, shipping most of the jobs and economic activities that should have been created to Asia and South America from where the significantly processed raw materials are mainly imported.

"Certainly, with Nigeria's economy now the way it is, this is not the time to encourage the kind of quasi-manufacturing operation which BUA has been accused of championing. Forex supply has reduced by almost 60 per cent, revenue to the federal government has dipped by almost the same percentage and the situation is forecast to remain gloomy for a long time to come. So, for operators who are not ready to get their hands dirty in actual farming and manufacturing, Nigeria certainly is no more the ideal market for their operations," a source stressed.

Monday, 23 November 2015

How Jumia Nigeria has been Maltreating Their Nigerian Staff

+ Real Reason Their Nigerian Staffs are Leaving En-mass 

Nigerians are being exposed to all sort of hardship in the form of work, it has over the years become norms for foreign employers to be treating their Nigerian staffs as if they are slaves, this has been going on now for sometimes and the governments seems unperturbed. It is based on the conviction of the government not doing anything that organisations like Jumia, an online based store owned by the Internet Rocket Group has been treating their staff in ways closely related to the slave trade era.

Investigation revealed that Jumia, which entered into the Nigerian market some 3 years ago has been treating their Nigerian Staffs with disdain, an example is their scheme whereby their packers are mandated to work for 12 hours on their feet with not break on the pretense that they may steal products.

Sources revealed that Jumia has been paying police heavily to subvert any form of hope to bring unionism into the company, as whoever they sees as championing anything relating to the workers joining labour union are dealt with first by getting such person arrested on flimsy allegation after which such person's appointment will be terminated.

There is even a new trend in Jumia, whereby staffs who decided they are no longer working for the company and are therefore going are forced to sign that they are sacked just to taint their records. Some of their former staffs who Spoke with Society Gazette revealed that refusal to sign the documents are met with a lot of aggression which also involves using the police to lock you up.

Another of the Jumia staff who will not want to be mentioned revealed that things are so bad with working with Jumia now as the company is also hacking into staffs email accounts just to know who is sending applications out to other companies, a situation that has seen them loose many of their staffs to their competitors. Their staffs now are living in the fear that the insecure approach of the company management may see some of them in the police net should they make any attempt at bettering their own life outside the company.