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At 4th AU Forum, VP Shettima Urges Integration Of Informal Economy Into Formal Intra-African Trade Framework

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At 4th AU Forum, VP Shettima Urges Integration Of Informal Economy Into Formal Intra-African Trade Framework

** Demands strong MSME ecosystem for Africa’s prosperity

** Says Nigeria is deepening investments to expand capacity of small businesses

By: Our Reporter

The Vice President, Senator Kashim Shettima, has said Africa’s future economic success depends on its ability to integrate the informal sector into the formal intra-African trade framework, particularly through the African Continental Free Trade Area (AfCFTA).

According to him, the promise of a better future for Africa does not depend on the skyscrapers being constructed in capitals of nations or the transactions in stock exchanges but lies in the reality that the “potential of the informal sector, which accounts for nearly 90 percent” of the continent’s workforce, must be harnessed.

Senator Shettima, who stated this on Monday when he declared open the 4th African Union Micro, Small and Medium Enterprises (MSMEs) Forum in Abuja, warned that if Africa fails to harness the potential in the informal sector for small businesses to grow, the continent would “keep going round the same cycle of despair.”

To achieve this, he demanded the integration of the informal economy into the fabric of formal intra-African trade, noting that this is the reason why small businesses have remained at the heart of policy formulation in Nigeria.

“Your Excellencies, distinguished delegates, there can be no African prosperity without a strong MSME ecosystem. This forum is a continental call to action. We owe it to ourselves, to our children, and to generations unborn, to integrate our informal economy into the framework of formal intra-African trade.

“I am confident that through our collaborative efforts, this forum will mark a turning point. We hope to see our shared aspirations translated into concrete actions that empower our MSMEs and propel Africa towards a brighter, more sustainable future,” VP Shettima told delegates and other participants at the forum.

Welcoming the delegates and participants to the forum, the Vice President conveyed President Bola Ahmed Tinubu’s message of assurance, of Nigeria’s hospitality, and the nation’s readiness to join other countries on the continent in learning from one another, as well as the determination to agree on the direction taken to effectively compete with the rest of the world.

He underscored the crucial role MSMEs play in the development and growth of Africa, observing that beyond employing millions of Africans, “they are engines of inclusive growth and effective tools for poverty alleviation.

“In Nigeria alone, MSMEs contribute a staggering 48 per cent to our national GDP and employ over 84 per cent of our workforce. They are a mirror to our future, and they explain why we are deepening our investments to expand the capacity of this sector,” Senator Shettima said.

Beyond building local infrastructure for entrepreneurial expansion, the Vice President implored African countries to entrench cross-border cooperation since their destinies are bound together as a continent.

He identified some of the obstacles confronting MSMEs in Africa to include limited access to affordable finance, describing this particular challenge as a recurring nightmare, just as he noted that with the African Continental Free Trade Area (AfCFTA), there is still hope.

“It costs our continent not just money—it costs us momentum. But we must find hope in the promise of the African Continental Free Trade Area (AfCFTA). This is why I am particularly excited about the theme of this forum—“Building Resilient MSMEs through Digital Innovation, Market Access & Affordable Financing for Africa.” The timing is perfect. The vision is clear,” he declared.

VP Shettima acknowledged what he termed a remarkable surge in digital adoption across Africa, saying technology is achieving what politics has struggled to actualise over the years.

He noted, however, that for the momentum to be sustained, policymakers must live up to their duties by “investing in robust digital infrastructure, bridging the digital literacy gap, and establishing regulatory frameworks that do not stifle innovation,” he said.

Regretting the continued dependence of MSMEs on traditional financial institutions, Shettima, however, expressed hope that change is unfolding, with fintech firms across Africa now using alternative data to assess creditworthiness and extend microloans to the previously excluded.

Earlier, the Deputy Chief of Staff to the President/Chairman of the Host Country Committee, Senator Ibrahim Hassan Hadejia, reiterated Nigeria’s commitment to a future where MSMEs are empowered to thrive.

“The forum signifies our shared commitment to a prosperous and inclusive future for Africa, a future where MSMEs have the opportunity not just to survive but to thrive. We gather here today under the theme of the Africa we want.

“It is our continental imperative and road map for unlocking the immense potential of our continent’s most vital engine—our MSMEs. An investment in our MSMEs is a direct investment in a prosperous, inclusive and self-reliant Africa,” he said.

In setting the tone for discussions at the forum, the Special Adviser to the President on Job Creation and MSME, Mr Temitola Adekunle-Johnson, highlighted the significance of the forum, particularly in addressing challenges faced by budding entrepreneurs across the continent.

He underscored the need for stakeholders across the continent to collaborate and capitalise on the potential of Africa’s youthful and energetic population to transform the region’s economic landscape.

In his remarks, Director General of the Small and Medium Enterprises Development Agency (SMEDAN), Mr Charles Odii, applauded the support and commitment of Vice President Shettima and Chairman of the National Council for MSME to the transformation and growth of the MSME sector in Nigeria, highlighting key initiatives supervised by his office since the inception of the current administration.

He emphasised the need for Nigerians to always patronise home-grown products as part of the concerted efforts to support local manufacturers and MSMEs.

On his part, the Managing Director of the Bank of Industry, Dr. Olasupo Olusi, said interventions and targeted engagements through the bank have, over the years, helped in knowledge growth and adoption of digital tools by MSMEs, noting that the initiatives have impacted growth in the sector.

Also speaking, the Head of Cooperation at the Delegation of the European Union to Nigeria and ECOWAS, Mr. Massimo De Luca, stated that access to finance remains a pressing challenge for businesses in the region, especially MSMEs.

He disclosed that the European Union has committed about €1.1 billion in support of the African Union’s implementation of AfCFTA.

“Our EU initiative in support of the African Union in the implementation of the AfCFTA hovers around 1.1 billion euros. The African Continental Free Trade Area represents an unprecedented achievement towards realising Africa’s full economic potential and integration. The EU remains firmly committed to our partnership with Africa and ECOWAS for inclusive and sustainable industrial development across the continent,” he said.

Also, United Nations Development Programme (UNDP) Resident Representative in Nigeria, Ms. Elsie Attafuah, emphasised the need for enabling ecosystems to help MSMEs move from resilience to scalable impact.

She said, “Across our continent, MSMEs are the builders of local prosperity. They employ, they innovate, and they adapt, but they cannot thrive on resilience alone. They need ecosystems that work for them, platforms to commercialise innovation, access to working capital and markets both domestic and continental that recognise their value.”

On his part, Permanent Representative of the African Union Sixth Region Global (AU6RG) to Nigeria and ECOWAS, Ambassador Afolabi Oke, announced the appointment of Mr. Temitola Adekunle-Johnson, Special Adviser to the Nigerian President on Job Creation and MSMEs, as the Special Adviser to the AU 6th Region on Job Creation and MSME Development.

“The African Union Sixth Region Global is dedicated to representing and advocating for the African diaspora worldwide. As an extension of the African Union, we serve as the ‘Sixth Region,’ uniting people of African descent living outside the African continent and Friends of Africa,” Oke said.

On Nigeria’s export and industrialisation, the Managing Director of the Nigerian Export-Import Bank (NEXIM), Mr. Abubakar Abba Bello, reiterated the bank’s commitment to MSME financing as a strategic pathway to value chain development and AfCFTA success.

“There’s a need for Africa to look inward to develop its value chain. We need to facilitate the success of the AfCFTA, and this is dependent on boosting production,” he said.

At 4th AU Forum, VP Shettima Urges Integration Of Informal Economy Into Formal Intra-African Trade Framework

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Tegbe Woos Investors to Power 35,000 Health Facilities, Says Healthcare Electrification Biggest Energy Opportunity in Africa

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Tegbe Woos Investors to Power 35,000 Health Facilities, Says Healthcare Electrification Biggest Energy Opportunity in Africa

By: Michael Mike

The Federal Government has intensified efforts to attract local and international capital into Nigeria’s healthcare sector, with Minister of Power, Joseph Tegbe declaring the electrification of over 35,000 health facilities nationwide as one of Africa’s most attractive investment opportunities.

Speaking at the National Healthcare Electrification Investor Matchmaking Forum held in Lagos under the Nigeria Power for Health Initiative (NPHI), Tegbe urged investors to embrace innovative and sustainable financing models capable of ending the chronic energy deficits that continue to undermine healthcare delivery across the country.

The forum, organised by the Federal Ministry of Health and Social Welfare in partnership with UK PACT, brought together government officials, development partners, hospital administrators and private sector leaders to explore pathways for mobilising private capital into healthcare electrification.

Tegbe said reliable electricity had become indispensable to modern healthcare delivery, stressing that access to power was no longer merely an infrastructure issue but a critical determinant of patient outcomes, emergency response capabilities and the overall effectiveness of health institutions.

Describing himself as an early stakeholder in the initiative before assuming office as Minister of Power, he reaffirmed his commitment to driving its implementation, noting that the programme aligns with the power sector reform agenda of President Bola Ahmed Tinubu and the administration’s Renewed Hope Agenda.

According to the minister, the country’s more than 35,000 registered primary, secondary and tertiary healthcare facilities represent a vast pipeline of commercially viable projects capable of attracting investment into solar mini-grids, hybrid energy systems, battery storage technologies, smart metering, energy management platforms and climate-resilient infrastructure.

“The opportunity before investors is significant and scalable,” Tegbe said, adding that healthcare electrification offers long-term prospects for sustainable returns while addressing a critical social need.

He assured prospective investors that the Federal Government would provide the policy support, regulatory certainty and inter-ministerial coordination required to de-risk investments and ensure successful project delivery.

Tegbe disclosed that the Ministry of Power is already implementing similar interventions through the World Bank-supported Nigeria Electrification Project, under which solar mini-grids and hybrid energy solutions have been deployed in healthcare facilities across the country.

He also pointed to the provisions of the Electricity Act as a robust regulatory framework that supports power purchase agreements, mini-grid licensing and increased participation by state governments in electricity projects.

The minister maintained that the ultimate goal of the initiative is to strengthen healthcare infrastructure and position Nigeria as a preferred destination for quality healthcare services in Africa.

Also speaking at the forum, Minister of State for Health and Social Welfare, Iziaq Adekunle Salako, described the NPHI as a strategic departure from traditional donor-dependent interventions towards a commercially sustainable Energy-as-a-Service model.

Under the framework, he explained, specialised energy providers would finance, install and maintain power systems for healthcare facilities, thereby eliminating one of the most persistent obstacles to effective healthcare delivery.

Salako noted that unreliable power supply continues to threaten the operation of theatres, diagnostic equipment, vaccine cold-chain systems and emergency services across many health institutions.

He said the initiative is built on blended financing mechanisms, institutional preparedness and national scalability, with the first phase targeting federal tertiary hospitals before expanding to primary and secondary healthcare facilities nationwide.

According to him, a new governance structure has already been established to drive implementation, strengthen investor confidence and unlock private-sector participation in the healthcare energy market.

The renewed push by government signals a major attempt to leverage private investment to solve one of the healthcare sector’s most enduring challenges, while simultaneously opening a potentially multi-billion-dollar market for clean energy developers and infrastructure financiers.

Tegbe Woos Investors to Power 35,000 Health Facilities, Says Healthcare Electrification Biggest Energy Opportunity in Africa

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Muslim Media Practitioners Demand Public Holiday for Islamic New Year

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Muslim Media Practitioners Demand Public Holiday for Islamic New Year

By: Michael Mike

The Muslim Media Practitioners of Nigeria (MMPN) has renewed its call on the federal and state governments to declare the first day of the Islamic calendar, Muharram 1, a public holiday, arguing that millions of Muslims deserve the same recognition accorded Christians on January 1 of the Gregorian calendar.

The group made the demand as Muslims across Nigeria and the world marked the commencement of Hijrah 1448 A.H on Tuesday.

In a statement signed by its National President, Alhaji Abdur-Rahman Balogun, MMPN said the declaration of a public holiday for the Islamic New Year would reflect fairness, justice, and adherence to the rule of law while strengthening religious harmony in the country.

“Muharram 1 is our own January 1. We want both the Federal and state governments alike to declare it as such in the interest of religious harmony in the country,” Balogun stated.

The association argued that official recognition of the Islamic New Year would give Muslims a greater sense of belonging and further reinforce national unity in Nigeria’s multi-religious society.

MMPN also urged governments at all levels to formally recognize and use the Islamic calendar alongside the Gregorian calendar in official engagements.

The group called on the Nigerian Supreme Council for Islamic Affairs (NSCIA) to engage government authorities on the issue and other matters affecting the Muslim community.

While congratulating Muslims and non-Muslims on the new Islamic year, Balogun urged adherents of Islam to use the occasion for self-reflection, moral renewal, and prayers for the success of President Bola Ahmed Tinubu’s administration.

He also commended governors in several northern states as well as Oyo and Osun states for declaring public holidays to mark the Islamic New Year and urged other state governments to emulate the gesture.

On security, Balogun condemned ongoing attacks and killings by insurgent groups, describing them as un-Islamic, and appealed to perpetrators to embrace peace and end violence.

He further advocated tougher legislation against rape, kidnapping, and terrorism, lamenting what he described as a culture of impunity that allows many offenders to evade justice.

The MMPN president urged Nigerians to celebrate the Islamic New Year in moderation and pray for peace, stability, and progress in the country.

Muslim Media Practitioners Demand Public Holiday for Islamic New Year

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FG To Roll Out 10,000 Electric Tricycles To Nigerian Market In August, Says VP Shettima

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FG To Roll Out 10,000 Electric Tricycles To Nigerian Market In August, Says VP Shettima

Adds: President Tinubu’s priority is to move Nigeria from fragmented transport system to integrated logistics chain

By: Our Reporter

The Federal Government is set to roll out 10,000 electric tricycles for use as part of a broad plan to ease public transportation across Nigeria.

The tricycles will be distributed by the North East Development Commission (NEDC) in August, 2026 for use across the northeast region and beyond.

The Vice President, Senator Kashim Shettima, who disclosed this during a courtesy call by The Transporters For Tinubu / Shettima 2027, said the President “has approved the replication of the initiative in other parts of the country by the various regional development commissions.”

He noted that the priority of the administration of President Asiwaju Bola Ahmed Tinubu is to move Nigeria from a fragmented transport system to an integrated logistics chain where ports, rail lines, CNG-powered trucks, inland waterways, airports and local feeder roads work together to support commerce, agriculture, industry and national integration.

Senator Shettima explained that the federal government’s transport reform agenda is anchored on the nationwide rollout of Compressed Natural Gas, major port upgrades and a stronger logistics chain.

This, he said, is aimed at improving working conditions for transport workers across road, rail, maritime, aviation and pipeline operations.

VP Shettima maintained that the Tinubu administration is determined to build a transport economy that lowers the cost of movement, reduces delays at ports, connects farms to markets, strengthens national productivity and gives transporters a more dignified place in the country’s development process.

“Our vision is an unbroken logistics chain, where a container moves from a deep-sea port to a rail wagon, then to a CNG-powered truck, then to a trader in Ariaria Market or Maiduguri, without delay or policy failure,” he said.

He said the Presidential Compressed Natural Gas Initiative has begun to prove that Nigeria can use its domestic gas resources to reduce the cost of transportation, especially for heavy-duty vehicles, while government continues to address the technical and infrastructure concerns affecting smaller vehicles.

“We said CNG could cut fuel costs by over 60 per cent, and many called it fantasy. Today, heavy-duty trucks run on Nigerian gas, proving sceptics wrong and returning money to your pockets,” he stated.

Senator Shettima added that the administration is also pushing reforms in the maritime sector through the operationalisation of Lekki Deep Sea Port, the development of the National Single Window and renewed attention to inland waterways, saying the objective is to make Nigerian ports more efficient and globally competitive.

“Before this administration, clearing a container could become an encounter with frustration, corruption, and decay. We promised to unlock the blue economy. Today, with Lekki Deep Sea Port operational, the National Single Window taking shape, and inland waterways receiving attention, our ports are preparing to compete with the world’s best,” he said.

The Vice President also assured transporters that the Federal Government would continue to support policies that promote affordable fuel, insurable fleets, bankable contracts and dignified working conditions.

“This administration shall continue to stand with the Nigerian transporter. We shall continue to fight for affordable fuel, insurable fleets, bankable contracts, and dignified working conditions. We shall build roads that last, rails that stretch across this great nation, ports that breathe, and airports that reflect our pride,” he said.

Earlier in his remarks, the Technical Adviser to the Vice President on Transportation, Logistics and Innovation, Prince Segun Obayendo, said the group, which constitutes a critical engine of Nigeria’s socio-economic survival, was unanimous in its endorsement and support for the Tinubu/Shettima presidency in the 2027 presidential election.

He said the executives of all the groups in the nation’s transport sector comprising air, maritime, rail and road unions, had consulted widely and were emphatic about their conviction and support for the Tinubu administration based on its achievements across different sectors.

Prince Obayendo said the group is convinced that the administration of President Tinubu has set the country on the path of positive growth hence they are prepared to mobilise the support of members of the various unions in the transport sector to ensure Mr President’s re-election in 2027.

For his part, Secretary-General of the Maritime Workers Union of Nigeria (MWUN), Comrade Oniha Erazua, expressed gratitude to the Tinubu administration for the recognition given to unions in the transport sector in his government.

He said transporters and other stakeholders are convinced that the reforms of the Tinubu administration in the sector would yield greater dividends if sustained, hence their resolve to support the Tinubu/Shettima ticket in the 2027 election.

FG To Roll Out 10,000 Electric Tricycles To Nigerian Market In August, Says VP Shettima

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