The Raw Materials Research and Development Council (RMRDC) has unveiled a new policy framework aimed at achieving a minimum of 30% value addition on all exports of local raw materials. The initiative is designed to boost the competitiveness of Nigeria’s Small and Medium Enterprises (SMEs) and enhance the nation’s...
SMEs
Of all the contenders for the Osun governorship seat in the upcoming off-cycle election, slated for August 8, 2026, Asiwaju Munirudeen Bola Oyebamiji (AMBO) stands out as a model of good governance, having been tested and trusted over time. The Ìkirè, Osun State-born finance-expert-turned-politician is a technocrat of no...
First Bank of Nigeria Ltd has pledged multi-trillion Naira investments in small businesses by 2025 to harness entrepreneurs’ potential in boosting Nigeria’s Gross Domestic Product. The bank’s Managing Director, Mr Olusegun Alebiosu, confirmed this during an SME Scale Up workshop, sponsored by First Bank and Seven-Up Bottling Company on...
By PATRICK ABANG, Calabar – In a strategic move to expand export opportunities for products made in Cross River State, the Cross River Microfinance and Enterprise Development Center (MEDA) recently conducted a high-level meeting with the Nigerian Export-Import Bank (NEXIM) in Calabar. The visit follows NEXIM’s significant participation in...
Borno State Governor, Professor Babagana Umara Zulum, has reaffirmed his commitment to supporting small and medium enterprises (SMEs) in Borno State. Zulum gave the assurance on Tuesday when he visited Coplad Nigeria Ltd., a rice milling factory on the Maiduguri-Bama highway. The governor noted that his administration is mindful...
Gov. Godwin Obaseki of Edo on Tuesday announced one billion naira traders’ grant for the support of market women in the state. Obaseki made the announcement during the annual get-together of Edo market women in honour of the governor in Benin. The governor said the grant would be distributed...
With a population of over 200 million people, Nigeria is considered one of the most viable investment destinations in the world. Many economic experts believe that this robust population should translate to economic benefits that would propel the country to growth and prosperity. However, past administrations have failed...
Small and Medium Enterprises (SMEs) are now struggling to make sales and profit due to the spike in the prices of commodities in various markets across Kaduna State. Some small business owners who spoke to the News Agency of Nigeria (NAN) on Sunday said that they fear being...
The Federal Government on Friday inaugurated the National Council on Micro, Small and Medium Enterprises (MSMEs) to ease ways of doing small businesses across the country. Director-General of Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), Mr Charles Odii, made this known while briefing newsmen at...
The Lagos State Government has described its yearly ‘Food Fest’ as a formidable platform that will continue to showcase and expand farmers and Small and Medium Enterprises (SMEs) to the world. The State Commissioner for Agriculture, Ms Abisola Olusanya, stated this at a news conference to commemorate...
The Nigerian Communications Commission (NCC) has said Small and Medium Enterprises (SMEs) and Start-ups are catalyst for promoting wealth creation, employment generation and economic prosperity. NCC’s Executive Commissioner, Technical Services, Ubale Maska, said this at the inauguration of the National SMEs/Entrepreneurship Forum for Start-ups in Emerging Technologies organised...
Google has empowered 15 Small and Medium Businesses (SMBs) under its Hustle Academy with the sum of N75 million. The country Director, Google West Africa, Mr Olumide Balogun, said this at the Google Hustle Academy graduation on Thursday in Abuja. Balogun said the event was also to celebrate...
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) and Sterling Bank have set aside N5 billion loan for small businesses. The Director-General of SMEDAN, Mr Charles Odii, said this during the signing of a Memorandum of Understanding (MoU) between the parties on Wednesday in Abuja. Odii...
The First Lady, Sen. Oluremi Tinubu has flagged off Market-Moni, the expanded Government Enterprise and Empowerment Programme (GEEP), with initial phase of 1.5 million recipients getting N50,00 each across the country. At the launching held at the State House Banquet Hall, Abuja on Wednesday, the first lady advised...
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) on Wednesday in Abuja enjoined the Federal Government to award 25 per cent of its contracts to Small and Medium Enterprises (SMEs). This is desirable as SMES contribute about 50 per cent of the country’s GDP and employ...
MTN Nigeria, on Thursday enlightened Small Medium Enterprises (SMEs), Brand and Marketing executives on the benefits of digital advertising as cost effective and wider reach. The Senior Manager, Campaign Management, Mr Eyitayo Amusan, said at the first edition of the Mobile-Ads Fusion Forum that businesses should be able...
The U.S. Deputy Treasury Secretary, Wally Adeyemo, says the U.S. government will be investing in small, medium, and large enterprises to boost Nigeria’s economy. Adeyemo disclosed this on Tuesday while speaking to the media during his visit to some tech founders at the Vibranium Tech City, Ikeja. According...
The presidential candidate of Labour Party in the 2023 elections, Mr Peter Obi, has urged the Commonwealth nations to pay special attention to small businesses. This, he said, will enable them to achieve sustainable growth and development across its countries. Obi, the former governor of Anambra, underscored...
While demographics and capital can fuel a Nigerian economic boom, small and medium sized enterprises will sustain its growth, says Wally Adeyemo, U.S. Deputy Secretary of Treasury. Adeyemo, the highest-ranking member of African diaspora in the Biden led administration, who is on a trip to Nigeria, said this...
Small and Medium Enterprises (SMEs) in Nigeria can maximize their business potential by effectively leveraging a digital business model. Here are some key strategies for SMEs to consider: Online Presence: Establish a strong online presence by creating a professional website that showcases products, services, and relevant information about the...