Thursday, February 9, 2023
  • Login
No Result
View All Result
The News Beam
  • Home
  • News
    • Politics
    • Business & Economy
    • Sports
    • Entertainment
    • Global
  • Development
    • Health
    • Education
    • MGDs
    • Development Agencies
  • Your Community
    • CDAs
    • LGAs
    • Projects
    • Community Champions
  • The Entrepreneur
    • Street Money
    • SMEs
    • Youthprenuers
    • Agriprenuers
    • Capacity Building
  • Specials
    • Lifestyle
    • Relationships
    • Books & Arts
    • Faith
    • Teens World
    • Guest Columnists
The News Beam
  • Home
  • News
    • Politics
    • Business & Economy
    • Sports
    • Entertainment
    • Global
  • Development
    • Health
    • Education
    • MGDs
    • Development Agencies
  • Your Community
    • CDAs
    • LGAs
    • Projects
    • Community Champions
  • The Entrepreneur
    • Street Money
    • SMEs
    • Youthprenuers
    • Agriprenuers
    • Capacity Building
  • Specials
    • Lifestyle
    • Relationships
    • Books & Arts
    • Faith
    • Teens World
    • Guest Columnists
No Result
View All Result
The News Beam
Home DEVELOPMENT

SIFAX Group Dishes Out Over N250M To Corporate Social Responsibility

January 27, 2022
in DEVELOPMENT, Economy
Reading Time: 3 mins read
0
A A
0
SIFAX Group Dishes Out Over N250M To Corporate Social Responsibility
Share on FacebookShare on Twitter

SIFAX Group has spent over N250 million through its philanthropic arm, Ajoke Ayisat Afolabi Foundation (AAAF) on corporate social responsibility (CSR) programmes across Nigeria in 2021.

This was disclosed in a statement signed by Muyiwa Akande, Corporate Affairs Manager.

SIFAX Group is a conglomerate with investment in Maritime, Aviation, Logistics, Oil & Gas, Financial Services, and Hospitality.

YOU MAY ALSO LIKE: SIFAX Group Expands Ijora Terminal After Customer Base Soars

SIFAX Group Dishes Out Over N250M To Corporate Social Responsibility
 L-R: Sunday Dare, Honourable Minister of Youth and Sports Development with Dr. Taiwo Afolabi, Group Executive Vice Chairman, SIFAX Group during the announcement of SIFAX Group’s financial support for Aruna Quadri and Olufunke Oshonaike to aid their preparations for the summer Olympics games under the Ministry’s #AdoptAnAthlete Programme in Lagos. SIFAX Group supported each of the athletes with a sum of $10,000.

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

SIFAX Group Dishes Out Over N250M To Corporate Social Responsibility
Cross-section of beneficiaries and doctors at the 2021 Taiwo Afolabi Rural Dental Outreach held at Gbagi Market, Ibadan.

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

Youth and women’s economic empowerment also took a huge chunk of the budget with skill acquisition training 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.

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.

SIFAX Group Dishes Out Over N250M To Corporate Social Responsibility
The company refurbished an operational vehicle for the Federal Road Safety Corps.

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 supports 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.”

SIFAX Group Dishes Out Over N250M To Corporate Social Responsibility
SIFAX Group sponsored the South West Para-Athletics Competition held at the Teslim Balogun Stadium, Lagos.

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.

Executive Coordinator, AAAF, Foluke Ademokun, also explained that the beneficiaries of the various programmes are making judicious use of the opportunities.

Ademokun further explained that the Foundation seeks to partner with more sponsors, both domestic and international, as well as other stakeholders, in order to touch more lives.    

ShareTweetSend
Previous Post

Valentine Is coming: 10 Biggest Lies Men Tell On First Dates

Next Post

‘I Will Kill Anyone That Talks About Bishop Oyedepo Harshly’ – Pastor Ibiyeomie Threatens

Related Posts

New Naira Notes: Emefiele blames banks for scarcity, abuse at parties
Finance

New Naira Notes: Emefiele blames  banks for scarcity, abuse at parties

January 31, 2023
37
Business Risks Forecasts
Business & Economy

How to Protect Your Business from Top Risks in 2023

November 15, 2022
50
Mohammad Mahmood Abubakar, Minister of Agriculture and Rural Development
News

N18bn Bush Clearing saga: Agric ministry refutes allegation, says N2.5bn spent for land preparation

August 18, 2022
14
Bello-Koko Appointed As New NPA Boss
Business & Economy

Worsening Finances: FG, NPA struggle to recover $753m debt from 18 terminal operators

August 15, 2022
9
BudgIT berates Abia, Ondo, 10 states
News

BudgIT berates Abia, Ondo, 10 states over unpaid salaries to civil servants

August 11, 2022
43
Senate President
News

Senate probes Shell over Joint Venture breach, seeks $200m refund to FG

June 22, 2022
11
Next Post
‘I Will Kill Anyone That Talks About Bishop Oyedepo Harshly’ – Pastor Ibiyeomie Threatens

‘I Will Kill Anyone That Talks About Bishop Oyedepo Harshly’ – Pastor Ibiyeomie Threatens

mtn

5G To Help Nigeria’s Internet Rank Amongst World’s Fastest - FBN Quest

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

  • Trending
  • Comments
  • Latest
How to Apply for the N25 Billion Youth Investment Fund of the Federal Govt

How to Apply for the N25 Billion Youth Investment Fund of the Federal Govt

October 16, 2020
Covid-19: See List of Vaccination Centers in Lagos State

Covid-19: See List of Vaccination Centers in Lagos State

August 19, 2021
Banks suffer 11% reduction in new loans as customers resist interest rate hike

CBN reveals 9 Business Categories that recorded Increased Activity This Month

9
BREAKING ! How Hurriedly installed Application Saved Central Bank of Nigeria website from 'Anonymous' hack

BREAKING ! How Hurriedly installed Application Saved Central Bank of Nigeria website from ‘Anonymous’ hack

7
REVEALED! Bank officials hiding new notes behind old notes

REVEALED! Bank officials hiding new notes behind old notes

February 4, 2023
Banks suffer 11% reduction in new loans as customers resist interest rate hike

Shortage of New Naira notes: Emefiele begs Nigerians, says CBN addressing supply hiccups

February 3, 2023

Categories

  • Agriprenuers (12)
  • Books & Arts (7)
  • Business & Economy (436)
  • Capacity Building (25)
  • CDAs (2)
  • Community Champions (1)
  • Crime (196)
  • DEVELOPMENT (74)
  • Development Agencies (109)
  • Economy (318)
  • Education (192)
  • Entertainment (405)
  • Faith (55)
  • Finance (339)
  • Global (103)
  • Guest Columnists (17)
  • Health (56)
  • Health (242)
  • Industry (149)
  • LGAs (1)
  • Lifestyle (98)
  • MGDs (10)
  • News (2,298)
  • Politics (374)
  • Projects (2)
  • Relationships (70)
  • Security (164)
  • SMEs (15)
  • SPECIALS (87)
  • Sports (311)
  • Street Money (9)
  • Tech (138)
  • Teens World (3)
  • The Entrepreneur (26)
  • Uncategorized (70)
  • Your Community (33)
  • Youthprenuers (14)
No Result
View All Result
News
Politics
Business & Economy
Sports
Entertainment
Global

Development

Health
Education
MGDs
Development Agencies

Your Community

CDAs
LGAs
Projects
Community Champions

The Entrepreneur

Street Money
SMEs
Youthprenuers
Agriprenuers
Capacity Building

Specials

Lifestyle
Relationships
Books & Arts
Faith
Teens World
Guest Columnists

Follow Us

  • About Us
  • Contact Us
  • Terms of Usage
  • Privacy Policy
  • Advert Rates
  • Newsletters
  • Resources
  • Submit a Story
No Result
View All Result
  • Home
  • News
    • Politics
    • Business & Economy
    • Sports
    • Entertainment
    • Global
  • Development
    • Health
    • Education
    • MGDs
    • Development Agencies
  • Your Community
    • CDAs
    • LGAs
    • Projects
    • Community Champions
  • The Entrepreneur
    • Street Money
    • SMEs
    • Youthprenuers
    • Agriprenuers
    • Capacity Building
  • Specials
    • Lifestyle
    • Relationships
    • Books & Arts
    • Faith
    • Teens World
    • Guest Columnists
  • Login

© 2020 The News Beam is the highest circulated and most read newspaper in Nigeria. The online portal of The News Beam is the most visited website in the world.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.

Subscribe With The News Beam