Siemens boosts anti-graft war with $1.29m

By Kelvin Osa Okunbor

 

Siemens Nigeria has restated its commitment to supporting sustainable development in the country through its Business to Society (B2S) initiative.

The B2S report stated that Siemens Integrity Initiative (SII) has invested about $1.29million  in Nigeria to promote anti-corruption practices through capacity building and training.

Siemens said its support for sustainable development of the country was driven by their widely acclaimed model Business to Society initiative which is focused on achieving  societal, economic and environmental advancements in the following areas: economic development, environmental sustainability, developing local jobs and skills, providing value-adding innovation, improving quality of life and positive societal transformation.

CEO, Siemens Nigeria, said: “Our ‘Business to Society’ initiative represents the multidimensional ways we approach creating real value in the lives of Nigerians and Nigerian communities.”

“At Siemens, we appreciate how critical it is for businesses to impact on their stakeholders and society in a positive and sustainable manner. We are proud of our heritage and business in Nigeria, but beyond profits, we measure our success in the broader context of the significant value we have added over the last 50 years.”

According to the latest B2S report prepared by Pricewaterhouse Coopers (PwC), in 2019 alone, Siemens contributed a total of $562.5mn in Gross Value add (directly and indirectly) to Nigeria’s GDP through  constructive engagement with industries especially in the  Oil & Gas, Manufacturing and utilities sectors.

The B2S report also showed that Siemens technology has contributed nine percent to Nigeria’s operational power generation installed capacity.

Furthermore, the widely acclaimed partnership agreement between Siemens and the Federal Government for the Presidential Power Initiative (PPI) is set to upgrade the electricity grid network and increase operational capacity from 4,500megawatt (Mw) on an average currently, to 25,000 megawatts (Mw).

“This is a demonstration of our commitment at Siemens to make significant investments in providing value-adding initiatives to address challenges in Nigeria’s power sector,” the firm said.

Siemens Nigeria remains a strong partner to the government in developing local jobs and skills. The company has positively impacted employment with an estimated number of 48,000 jobs linked to Siemens’ business operations in Nigeria.

Furthermore, as part of their commitment to shaping societal transformation, Siemens is taking a leading role in supporting the government’s commitment to fight corruption and improve transparency in the public and private sector.

In addition to these initiatives, Siemens is ideally positioned to meet their goals of improving the quality of life for Nigerians and ensuring environmental sustainability through their partnerships and active participation in initiatives that will provide access to quality healthcare for up to 100,000 Nigerians and achieve a net-zero carbon footprint by 2030.

As an international company present in Nigeria over the last 50 years, Siemens has played a vital role in addressing Nigeria’s socio-economic challenges to ensure an ever-improving society for Nigerians today and future generations. “Siemens is fully aware of the imperative for businesses to impact positively on society and we remain passionately committed to the socio-economic development of Nigeria” Tifase concluded.

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