VP Shettima Arrives For Day 3 Of Nigeria-Brazil Business Forum

By: Our Reporter

Vice President Kashim Shettima has arrived at the Muhammadu Buhari Conference Centre, NIA Headquarters, Abuja, for the third day of the Nigeria–Brazil Strategic Dialogue Mechanism (SDM), focusing on the Nigeria/Brazil Business Forum.

The Brazilian Vice President Geraldo Alckmin and other members of the Brazilian delegation are also participating in the business forum.

The third day of the SDM shifts focus to economic cooperation and business partnerships between the two nations, bringing together key stakeholders from both the public and private sectors.

The Business Forum is expected to explore investment opportunities, trade partnerships, and commercial collaborations that will benefit both Nigeria and Brazil’s growing economies.

VP Shettima Arrives For Day 3 Of Nigeria-Brazil Business Forum

AICIS 2025: Nigeria Says Africa Must Be Active Architect of Its Own Sustainable Development

By: Michael Mike
Nigeria has expressed its commitment to hosting the Africa Infrastructure and Climate Change Investment Summit (AICIS) between August 11 to 14, 2025.

The Nigerian government also said as the world intensifies action to tackle the twin challenges of climate change and infrastructure gaps Africa, Nigeria inclusive, must be positioned not as a passive recipient of solutions, but as an active architect of its own sustainable development.

The commitment of the government was revealed on Monday in Abuja by the Secretary to the Government of the Federation, Senator George Akume.

Akume, who was represented at the press briefing the Permanent Secretary for Political and Economic Affairs at the Office of the Secretary to the Government of the Federation (OSGF), Mr. Nadungu Gagare, reiterated the Federal Government’s commitment to hosting the summit, scheduled for Aug. 11 to 14, 2025 at NICON Luxury Hotel, Abuja.

He commended Africa Business Venture and Investment Group (ABVIG) for partnering the ministries and other stakeholders to take the bold and visionary initiative in driving Nigeria’s lead in tackling climate change issues across Africa.

According to him, government supports the initiative for the summit and encourage all stakeholders to remain steadfast in the shared mission to build a prosperous, climate-resilient Africa anchored on inclusive infrastructure.

He said: “As the world intensifies action to tackle the twin challenges of climate change and infrastructure gaps Africa must be positioned not as a passive recipient of solutions, but as an active architect of its own sustainable development.

“The forthcoming summit is, therefore, not only timely but provides a continental platform to articulate, align and activate collaborative strategies for resilient infrastructure and climate action across Africa.

“President Tinubu’s administration, under the Renewed Hope Agenda, has prioritised strategic infrastructure development, energy transition, environmental sustainability and inclusive economic growth.

“These priorities align with the goals of this summit and underscore Nigeria’s readiness to lead and collaborate on multi-stakeholder approaches toward climate resilience, and development financing.

“Today’s engagement is a clarion call to governments, private sector, development partners and diplomatic community to align efforts, pool resources, and harmonize policies,” he said.

He reiterated that such would reassert Africa’s voice and agency in the global climate discourse, ensuring our peculiar challenges and comparative advantages are well represented in shaping global solutions.

In his part, Chairman of the Africa Infrastructure and Climate Change Investment Summit (AICIS) Planning Committee, Mr Moses Owharo extolled the Nigeria’s lead towards tackling issues that border on climate change across the African continent.

Owharo explained that the event centered on the readiness to host the AICIS-2025 was put together by ABVIG in collaboration with the Office of the Secretary to the Government of the Federation, the Ministry of Foreign Affairs, the Ministry of Women Affairs and the Ministry of Environment.

Owharo said: “AICIS-2025 is a landmark gathering that affirms Africa’s unified determination to address climate change through resilient infrastructure and strategic investment.

“The summit represents a continental platform for driving Africa’s sustainable development vision through climate smart solutions.

“It will unite governments, development finance institutions, private investors, technical experts, civil society, the UN system and the diplomatic community to forge actionable partnerships around Africa’s infrastructure transformation, and climate adaptation imperatives.

“This gathering is also an opportunity to echo the vision articulated by President Bola Tinubu, at COP28that Africa must not only participate in global climate discourse, but also lead with urgency, innovation, and collaboration.”

“Strategic investment in green infrastructure is the catalyst for inclusive growth and long-term climate security. The Ministry of Foreign Affairs, under leadership of Amb. Yusuf Tuggar, continues to champion Nigeria’s diplomatic efforts to attract climate finance and foster multilateral alignment with our development goals.”

He described AICIS 2025 the culmination of sustained engagements including the 2024 International Symposium on Leveraging Green Financing in Abuja, strategic dialogues in Washington D.C. and across West Africa.

AICIS 2025: Nigeria Says Africa Must Be Active Architect of Its Own Sustainable Development

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