CSR Archives — Business Bells

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Tag: CSR

  • SIFAX Group Spends N250m on CSR in 2021

    SIFAX Group Spends N250m on CSR in 2021

     

    SIFAX Group, a conglomerate with investment in Maritime, Aviation, Logistics, Oil & Gas, Financial Services and Hospitality, has spent over N250 million on corporate social responsibility (CSR) programmes across Nigeria in 2021.

     

    The company’s CSR is focused primarily on education, health, economic empowerment (youth and women) and the physically-challenged.

     

    On education and health, hundreds of indigent students enjoyed full scholarship while equipment and facilities were donated to public educational and health institutions. Individuals with medical emergencies also received financial support.

     

    Youth and women economic empowerment also took a large chunk of the budget with skill acquisition trainings organized for unemployed youths and women across the country.

     

    Business grants were also extended to those who completed the training programmes. Some targeted and disadvantaged poor households were also catered to as food items were donated to them on a monthly basis.

     

    Various initiatives targeted at the physically-challenged children living with conditions like autism, down syndrome and the blind were also supported by the company in the course of the year.

     

    Most of these projects were executed through its philanthropic arm, Ajoke Ayisat Afolabi Foundation (AAAF) which has offices in Lagos, Zaria and Umuahia.

     

    Speaking on the 2021 CSR projects, Dr. Taiwo Afolabi, Group Executive Vice Chairman, SIFAX Group, said one of the key pillars of the company’s business philosophy is to positively impact humanity and the society in any economy where the company carries out its operations.

     

    According to him: “Right from the inception of our company in 1988, we have integrated social impact into our business strategy. Our businesses are not designed for profit making alone. We see ourselves as a platform that support social causes that provide access to opportunities, engender social stability and economic prosperity. We are motivated to do more when we see the physical impact of these CSR projects on the beneficiaries who today run into thousands.”

     

    Foluke Ademokun, Executive Coordinator, AAAF, on her own part, noted that the beneficiaries of the various programmes are making a judicious use of the opportunities, adding that the Foundation seeks to partner with more sponsors, both domestic and international, as well as other stakeholders, in order to touch more lives.

  • CSR: X3M Ideas Refurbishes Oregun Junior High School’s Science Laboratory

    CSR: X3M Ideas Refurbishes Oregun Junior High School’s Science Laboratory

     

    In a bid to continue in its Corporate Social Responsibilities (CSR) and development of public schools over the years, X3M Ideas, a foremost marketing communications agency has shown support to students and teachers of Oregun Junior High School as it recently refurbished a science laboratory in the school.

     

    Making this known, Steve Babaeko, President of the Association of Advertising Agencies of Nigeria (AAAN) and CEO of X3M Ideas, posted on his social media handles how the school’s science lab has been transformed through his agency’s CSR intervention.

     

    The post read: “Here’s how Oregun Junior High School’s Science lab went from before to after. We renovated the school’s science lab and gave it some life for our 2021 Corporate Social Responsibility.”

     

    At the commissioning of the Lab, the Governor of Lagos state Babajide Sanwo was represented by the Hon. Commissioner for Education, Folasade Adefisayo.

     

    The post continued: “The Governor of Lagos state @jidesanwoolu ably represented by the Hon. Commissioner of @lasgeducation, joined us at the commissioning of the science laboratory facility for Oregun Junior High school, Lagos.”

     

     Speaking in an interview, the agency boss said: “We recognise the importance of the youth in the future of our great nation and empowering them has become a goal for us at X3M Ideas. As a product of the public school system in Nigeria, I recognise the importance in empowering students, enabling their dreams, bolstering their confidence and giving them renewed hope for a better tomorrow.”

     

    He added: “Over 40% of the roughly 200 million residents in Nigeria, Africa’s most-populous country, are youths. Confident, fervid and enterprising, they want to chart their own course and are hopeful for the future of the nation. Considering how important STEM is to the growth and development of Nigeria, the number of graduates in scientific disciplines is horribly low. We’re aiming to drive a change in this regard by enabling the science-related dreams of the students in Oregun Junior High.

     

    “Our business is 9 years old and every year since inception, we have renovated a school; it’s our modest way of supporting the community.”

     

    He concluded: “Finally, to the best team on this side of the continent, TeamX3M, thank you for everything.”

     

    Recall that in 2015 X3M Ideas touched lives at the Lagos State Boys Reform home where it donated brand new toilets and bath facilities with complete lighting system while in last year, Ikeja Senior High School got a brand new library courtesy X3M Ideas’ CSR project 2016.