NEWS

Experts advocate value cultivation in Food, Beverage and Tobacco Manufacturing.

Innocent Adulugba

Lagos. Stakeholders in the Food, Beverage and Tobacco (FBT) Sector of the Manufacturers Association of Nigeria (MAN) are calling on all local manufacturers to sustain the culture of quality throughout the entire manufacturing process as a strategy of maintaining brand loyalty while wooing new targets and ultimately increase bottom line consistently.

This charge was made during the 2024 Annual General Meeting of the Food, Beverage and Tobacco Sector as the Manufacturers Association of Nigeria (MAN) which held recently in Lagos. Declaring the AGM open, the Director General/CEO – Manufacturers Association of Nigeria, Segun Ajayi-Kadir, mni, urged all manufacturers to remain disciplined and maintain strict adherence to quality by complying with the highest standards in the entire stages of the processing. He stressed the need for unity and collaboration throughout MAN for the overall betterment of the Nigerian economy.

To drive home the message,Cultivating Value: Employing Quality, Standards and Innovation in Strengthening Food, Beverage and Tobacco Manufacturing” was chosen as the theme of the event. Guest Speaker, Mr. Ekuma Eze, told the audience that, “The FBT sector makes up 34 percent of the entire manufacturing sector with a GDP of 5 percent in 2022 and contributed over NGN 500 billion in the last 5 years serves as a catalyst to other arms of the economy while generating an estimated 1.5 million jobs, as well as over 15million indirect jobs.

Mr. Ekuma Eze, who is the Head, Corporate Affairs & Sustainability of Rite Foods Ltd., enthused that many organisations will flourish if they astutely position themselves in the locations of the manufacturing chain where they wield competitive advantage. He said, “Apple remains a global example for quality and innovation. The company – renowned for top products such as iPhone, iPad, Mac, and Apple Watch – does not depend on its own manufacturing alone but relies on a bouquet of suppliers for procuring components for assembly. Having cultivated quality though this process, millions of customers worldwide are willing to pay top dollar for the quality, design, and features of Apple devices. To achieve this greatness, though, Apple has tentacles of partnerships and subsidiaries scattered across India, Taiwan, Bangladesh etc.”

Continuing, Mr. Ekuma Eze said, “Right culture is the key to improved manufacturing. Nigerian manufacturers must be integrous to set and maintain high industry standards and then invest in research and development to create innovative technologies and solutions that makes them unique. Adding that despite political and policy encumbrances, “The FBT companies must build strong partnerships and and effective marketing strategies to combine strength and resources to create value-adding products and then strive to optimize operations via digital transformations.”

A major highpoint of the day was the election of new officials to lead the group. Mr. Chinedu Okereke emerged as the new chairman with Mr. Fred Chiazor as Vice Chairman. Mrs. Olajumoke (Treasurer) and Mrs. Bukola Akanmu (Technical Adviser) completes the quartet.

Engr. (Dr.) Patrick Anegbe (outgoing Chairman) presenting plaque to Guest Speaker, Eze Ekuma.

The outgoing Chairman, Engr. (Dr.) Patrick Anegbe thanked everyone for their support during his tenure and called on all members to cooperate with the new team for the overall growth and progress of the FBT.




 

Integrity, innovation and doggedness key to weathering business storms. Adegunwa.

L-R: Seleem Adegunwa, Managing Director and Chief Executive Officer of Rite Foods Limited; Dr. Abdurashid Yerima, President, Nigerian Association of Small and Medium Scale Enterprises; Ziad Maalouf, Managing Director of SevenUp Bottling Company and Founder of The SME Scale-Up; and Hemant Parikh, Managing Director at the SME Scale-Up Module 2 workshop at FourPoints by Sheraton, Lagos on Saturday

In his drive to inspire future entrepreneurs that would make significant growth to the nation’s economy and improve the quality of their workforce, Seleem Adegunwa, Managing Director and Chief Executive Officer of Rite Foods Limited, a truly world-class and proudly Nigerian company, has enjoined SME owners, founders, corporate innovators, and business executives to cultivate flexibility and agility as required traits for success in scaling up their businesses.

Adegunwa stated this at The SME Scale-Up, a platform targeted at SME CEOs in Nigeria, seeking to scale up and expand their businesses. The SME Scale-Up workshop was held at the Four Points by Sheraton, Victoria Island, Lagos.

In a session facilitated by the Rite Foods’ boss, he said: “in entrepreneurship, agility is the name of the game. You can be very dogged as an entrepreneur, but be very flexible”.

He urged the participants to ignite their spark by developing their staying power to succeed in business, and also admonished them to be adaptable; say no to distractions; focus on innovation and embrace technology to overcome all challenges for exponential growth.

He further stressed the need for founders, business leaders, and executives to stay focused despite an uncertain economy, strive for excellence, and imbibe critical success traits like integrity, innovation, and accountability to weather the storms.

Seleem Adegunwa, Managing Director and Chief Executive Officer of Rite Foods Limited; (middle) with Ekuma Eze, Head, Corporate Affairs & Sustainability (right) and Innocent Adulugba, Corporate Communications Manager (left) at the event.

Ziad Maalouf, Managing Director, SevenUp Bottling Company Ltd and Founder of The SME Scale-Up reiterated the initiative’s goal of equipping SMEs with the knowledge, skills, and network they need to overcome growth barriers, scale their businesses sustainably, and create lasting employment opportunities in Nigeria.

Dr. Abdurashid Yerima, President of the Nigerian Association of Small and Medium-Scale Enterprises (NASME) commended the workshop and its facilitators for addressing critical issues affecting the development and growth of small and medium-scale businesses in Nigeria. He stressed the need for more collaboration with CEOs, founders, executives, and their teams to find and implement the best solutions to their toughest challenges for rapid acceleration and growth to bridge the unemployment gap in the country.

The SME Scale-Up Module 2 is the second in its series, tagged “Igniting The Spark – Where Talent Meets Harmony For Unstoppable Growth”. It is a workshop aimed at reducing the rate at which small businesses fail and decreasing the unemployment rate in Nigeria; with a vision to be a leading catalyst for scaling SMEs, fostering a thriving entrepreneurial ecosystem, and driving sustainable employment for 1 million Nigerians by 2035.

The event was characterized by great networking opportunities with top SME founders, aspiring SME owners, CEOs, business executives, and entrepreneurs who explored case studies, simulations, and group learning activities in topics like Leadership and Management; Business Strategy; Financial Management; Marketing and Sales; Human Resources; Operations Management and Business Ethics.

Seleem Adegunwa is a seasoned Chief Executive with diverse experience in operations, sales, and strategy. He is passionate about driving business growth and achieving exceptional results, with an ability to optimize business processes, streamline operations, and implement innovative strategies in steering Rite Foods Limited to develop leading brands and enhance overall organizational efficiency.

His entrepreneurial mindset and quest for excellence propel him to identify market trends and capitalize on emerging opportunities to drive growth consistently and increase market share in a competitive landscape.



 

Rite Foods Limited restates commitment to Ojude Oba Festival.

By Innocent Adulugba

Rite Foods Limited, Nigeria’s leading food and beverage company, has restated its commitment to preserving Nigeria’s cultural heritage through sponsorship of the 2024 edition of the Ojude Oba Festival slated for Tuesday, 18th June 2024 in Ijebu Ode, Ogun State.

At the World Press Conference unveiling the Ojude Oba Festival 2024, the Company’s Head of Marketing, Ms. Boma Harrison, affirmed that Rite Foods’ continuous sponsorship of the Ojude Oba Festival was a demonstration of its commitment to preserving and promoting the cultural values of its communities as a proudly Nigerian Company.

L-R: Ms. Boma Harrison, Head of Marketing, Rite Foods Limited; with Chief (Dr.) Fassy A.O. Yusuf (Baagbimo of Ijebu), Coordinator of Ojude Oba Festival; Hon. Sesan Fagbayi, Commissioner for Culture and Tourism, Ogun State; and Mrs. Oluwatosin Oloko, Perm. Sec., Min. of Culture and Tourism, Ogun State; during the press conference on the Ojude Oba Festival slated for 18th June 2024, and sponsored by Rite Foods Limited.

“We are deeply committed to investing time, expertise, and resources in advancing locally relevant initiatives in our communities. We view culture as a vital part of who we are as individuals and as a people. As a socially responsible corporate citizen, our loyalty to His Royal Majesty, the Awujale and Paramount Ruler of Ijebuland, Alaiyeluwa Ọba (Dr) Sikiru Kayọde Adetọna, CFR, J.P, and commitment to the Ojude Oba Festival demonstrate our belief that promoting the interest of our communities is a collective responsibility. We are excited to be in the vanguard of preserving the identity and civilization of the Ijebu societies, fostering unity, and promoting social and cultural cohesion”, she said.

In his address, the Chairman of the Ojude Oba Festival 2024 Planning Committee, Chief (Barr.) Olu B.Okuboyejo said the highlight of the event will include 90 Age Grade performances dubbed “Regberegbe,” both male and female, with the prizes for the winning team, and the first and second runners-up, and 25 families of warlords, showcasing their dexterity in a peaceful and orderly manner that depicts their past experience in warfare.

He stated that the rich cultural heritage dates back to about two centuries and is widely cherished by the indigenes at home and in the diaspora. This year’s edition themed: ”Ojude Oba: Peace, Unity and Harmony, Our Gifts”, according to him, re-echoes the pristine objective of Ojude Oba, which is to foster unity and peaceful co-existence in the community.

Chief Mrs Bisi Osibogun, the Iyalode of Ijebuland (Middle), flanked by Ms. Boma Harrison, Head of Marketing, Rite Foods Limited (left) and Head, Corporate Affairs & Sustainability. Ekuma Eze (right) at the event.

The festival will also serve as a unification of all sons and daughters of Ijebuland, and with a homage to the His Royal Majesty, Oba Sikiru Kayode Adetona, Ogbagba II, the Awujale of the Ijẹbu Kingdom, who in the past events, avowed that Ojude Oba brings about love, mutual understanding, and peaceful co-existence that defines what they stand for. Also, it enhances the area’s tourism potential, as it hosts visitors from other parts of the globe.

Rite Foods Ltd. Marketing Team

The coordinator of the annual event, Chief (Dr.) Fassy Yusuf (Baagbimo of Ijebu), applauded Rite Foods and all sponsors for their unwavering support for the upcoming festival and for previous events, that have made the Ijebu nation popular in the country and beyond.

The Commissioner for Culture and Tourism, Honourable Sesan Fagbayi, said the present administration felicitates with the Ijebu people as they celebrate the Ojude Oba Festival which serves as a unique forum for cultural and national development of the sons and daughters of the land.

As in the previous editions, Harrison restated that Rite Foods will refresh and delight participants with its quality products to make the event memorable and exciting.

With award-winning brands, Rite Foods’ consumer-centricity has been demonstrated through credible platforms and sponsorships that have earned it numerous awards which include the “Most Innovative Carbonated Soft Drink Brand of the Year” for the Bigi Brand, the “Most Outstanding Energy Drink in Consumer Engagement” for its number-one energy drink, the Fearless brand; “Best Value for Money – Carbonated Drink Brand 2023” for Bigi Cola; “Best Value for Money – Energy Drinks Brand 2023” for Fearless Energy Drink; and “Best Value for Money – Sausage Brand 2023” for Bigi Beef Sausage Roll.

Also, the premium Sosa Fruit Drink won the “Outstanding New Product of the Year – Juice” in 2023, among others.