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FG Moves To Fast Track MSMEs Growth, Sets Up C’ttee To Enhance Financing

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FG Moves To Fast Track MSMEs Growth, Sets Up C’ttee To Enhance Financing

** We’ll be more deliberate in supporting small business owners to grow – VP Shettima

By: Our Reporter

The Vice President, Senator Kashim Shettima, has said that the federal government, working in collaboration with other stakeholders, will be more deliberate in ensuring growth in the Micro, Small and Medium Enterprises (MSMEs) space in Nigeria.

To this end, the National Council on Micro, Small and Medium Enterprises (MSMEs) has set up a committee to interface with the Central Bank of Nigeria to enhance the financing of small businesses in the country.

This was part of decisions taken on Tuesday at the first meeting of the National Council on MSMEs for 2025 held at the Presidential Villa, Abuja.

Speaking after deliberations by members, Vice President Shettima said the federal government, through its agencies and partners, has the moral burden of supporting growth in the MSME space and facilitating job creation across different sectors for Nigerians.

Reeling out the mandate of the committee, the Vice President said the efforts of the administration of President Bola Ahmed Tinubu in supporting small businesses, evident in important policies and programmes, need to be complemented by stakeholders, especially the private sector.

The committee headed by the Minister of State for Industry, Trade and Investment, Sen. John Enoh, has Ministers of Science and Technology; Women Affairs; Minister of State for Agriculture and Food Security and the Senior Special Assistant to the President on MSMEs as members.

Others include the CEOs of Bank of Industry, Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), Bank of Agriculture (BOI), Nigeria Export-Import Bank (NEXIM Bank), Development Bank of Nigeria (DBN), Corporate Affairs Commission (CAC), Nigerian Investment Promotion Commission (NIPC), Nigerian Export Promotion Council (NEPC), and the representative of NACCIMA and the organized private sector.

In the same vein, Council also approved a loan scheme for MSMEs known as the syndicated de-risked loans for small businesses.

The scheme will be a partnership between state governments and financial institutions aimed at enhancing access to finance for MSMEs at single-digit rates across the country.

Vice President Shettima advised state governments to set up vehicles that are devoid of political interests to drive the implementation of the syndicated de-risked loans for the MSMEs scheme.

“Some of these initiatives are laudable and will need to outlive the present administrations in the States. Regardless of political affiliations, Nigerians must be seen to be the ultimate beneficiaries of these schemes that we are trying to put in place,” the VP stated.

Earlier, the Senior Special Assistant to the President on MSMEs, Mr Temitola Adekunle-Johnson, presented the ‘syndicated de-risked loans’ scheme for small businesses, seeking the cooperation of members and describing it as a game-changing programme to provide affordable and available loans for businesses.

He said the initiative is in acknowledgement of the President’s passion and commitment to the development of small businesses and aimed at providing more jobs for Nigerians.

In his presentation on the state of MSMEs in Nigeria, the DG SMEDAN, Mr Charles Odii, said the agency was proposing an initiative which was born from a 3-day MSME conference held in 2024.

He said the initiative known as the GROW Nigeria strategy is to provide guidance, resources, opportunities, and the workforce to support the about 40 million small businesses across 8 distinct sectors.

Present at the meeting were the Deputy Governor of Enugu State, Mr Ifeanyi Ossai; the representatives of the Governors of Benue and Katsina States; the Minister of State for Industry, Trade and Investment, Sen. John Enoh; Ministers of Science and Technology, Mr Uche Nnaji; Women Affairs, Hajiya Imaan Sulaiman-Ibrahim; Minister of State for Agriculture and Food Security, Sen. Aliyu Abdullahi; representative of the Governor of Central Bank of Nigeria.

Others are the CEOs of Bank of Industry (BOI), Bank of Agriculture (BOA), Nigeria Export-Import Bank (NEXIM Bank), Development Bank of Nigeria (DBN), Corporate Affairs Commission (CAC), Nigerian Investment Promotion Commission (NIPC), Nigerian Export Promotion Council (NEPC), NAFDAC, Standards Organisation of Nigeria (SON); National Bureau of Statistics (NBS); the Presidents of NACCIMA and National Association of Small and Medium Enterprises (NASME).

FG Moves To Fast Track MSMEs Growth, Sets Up C’ttee To Enhance Financing

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NAN, AWALCO Partners to Promote ECOWAS Parliament

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NAN, AWALCO Partners to Promote ECOWAS Parliament

By: Michael Mike

The News Agency of Nigeria (NAN) has pledged to partner the Association of West African Legislative Correspondents (AWALCO) to publicise the activities of the ECOWAS Parliament, particularly its 25th anniversary celebrations.

The Managing Director of the agency, Malam Ali Muhammad Ali,, made the pledge when the leadership of the association paid him a courtesy visit in his office in Abuja on Thursday.

Ali while expressing appreciation to the association’s officials for deeming it worthy to pay him a courtesy visit, said as Africa’s biggest news content provider, NAN was home to all.

He said: “For deeming it worthy to come and pay us this courtesy call, the agency is appreciative.

“We hope that it will help the Parliament achieve its goals, and raise awareness, like you said, about its activities.

“On our part, the News Agency of Nigeria, like you know, is Africa’s biggest news content provider.”

He noted that the agency is the most authentic and biggest news hub in Africa, with a domineering influence and reach within the West African subregion.

Ali said: “So, with an association like this, certainly in the News Agency of Nigeria, you find a soulmate, a fellow traveler. You are welcome. We look forward to partnering and doing more, and the News Agency of Nigeria is your home.”

Speaking earlier, AWALCO President, Mr Innocent Odoh, explained that the purpose of the visit was to seek the collaboration and support of NAN, as the indisputable leader in terms of news credibility reportage, and viability.

He said that ECOWAS Parliament would be marking its 25th anniversary on November 16 and a series of activities had been lined up for it.

Odoh said that AWALCO, being the association of the parliament’s press corps, was fully involved in it by way of planning to give the occasion a media and publicity glitz.

He said this would help to propagate the ideals of ECOWAS in general, and ECOWAS Parliament in particular, and make the objectives of ECOWAS Commission and Parliament known globally, starting from the subregion.

He said: “In terms of viability, if we talk about the repository of news in all ramifications, in all dimensions, I think the News Agency of Nigeria comes first before any other one.

“So, what we are doing is in line with the media advocacy that we are projecting for the ECOWAS Parliament at 25.

“We can see that if the collaboration with NAN takes off as we planned it, I think it will go a long way in expanding the vision of the association.”

The AWALCO president further said that the partnership would determine how the regional bloc is run, especially at a time that so many things about ECOWAS needed to be interrogated.

“That is why we’re here, to seek that collaboration, to seek that support, how we can deepen that collaboration to ensure that the citizens of the Parliament understand what is happening around them.

“ECOWAS has a vision of 2050 but many people may not be aware of it, but collaborations like this can open up an opportunity for people to understand the vision of ECOWAS,” he added

on her part, Chief Communication Officer, ECOWAS Parliament, Mrs Uche Duru,, who was part of the delegation, in a remark, extended greetings from ECOWAS Parliament Speaker and Secretary-General to Ali and NAN’s management.

The spokesperson for the parliament said the association was beyond Nigeria, as its membership encompassed the entire West Africa, including even from member states that were threatening to exit or had already exited.

NAN, AWALCO Partners to Promote ECOWAS Parliament

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Nigeria, China May Head for Diplomatic Row Over Shooting of Immigration Officer at Chinese Firm

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Nigeria, China May Head for Diplomatic Row Over Shooting of Immigration Officer at Chinese Firm

By: Michael Mike

Nigeria is not taking lightly the shooting of an immigration officer at a Chinese firm in Jos, Plateau State.

The Minister of Interior, Hon. Olubunmi Tunji-Ojo who narrated the story,
The federal government has threatened a serious diplomatic row with the Republic of China over maltreatment of a Nigerian Immigration Service officer shot by a Chinese company in Nigeria for asking for the company’s expatriate list.

Minister of Interior, Hon. Olubunmi Tunji-Ojo, who narrated the story on Thursday in Abuja at a stakeholders sensitisation workshop on the implementation of the Nigeria Visa policy 2025, said Nigeria is not handling the matter with kid gloves as it would be taken up as a diplomatic issue.

Tunji-Ojo lamented that the development alone is an attack on Nigeria. It will never be condoned.

He said the Immigration officer, who was on official duty, had visited the Chinese company in Jos, Plateau state, to check the list of the company’s expatriates, but the owner of the company ordered a security officer in the premises to shoot the government official.

Tunji-Ojo said: “I won’t go to China as a Nigerian, open a company and tell my security to shoot a government official in uniform. It’s never done anywhere in the world.

“These officers put their lives on the line. These officers serve this country with their all. And you will not come from anywhere and ask them to shoot them in their fatherland.

“It will no longer happen. We will take it up with you. Because that company, we (Nigerian government) have the power to withdraw their business permit Nigeria and declare them illegal.”

He wondered how it had become an offence for an Immigration officer to visit a foreign company and demand to see their expatriate list.

He said: “It will not happen again. So we’re going to be very hard. We will not stop your business. We will not overburden your business. But don’t make us inferior in our own land. No, please.

“And we’re going to be very tough on this. Because talking to you, I’m not just talking with passion on this topic, I’m talking with a lot of anger, because that guy that was shot is a Nigeria that we all swore to protect by virtue of the laws of Nigeria, by the constitution. That Immigration guy was not shot by a terrorist, is a father, he is a son to somebody. He is a husband to somebody. That cannot happen anywhere in the world.

“We will not tolerate it. Please, no agent, no company is above the law,” the Minister declared

Nigeria, China May Head for Diplomatic Row Over Shooting of Immigration Officer at Chinese Firm

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Nigeria Explores CNG Technology to Power Defence, Industrial Vehicle Fleets

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Nigeria Explores CNG Technology to Power Defence, Industrial Vehicle Fleets

By: Michael Mike

The Minister of Foreign Affairs, Amb. Yusuf Tuggar has led a high-level delegation on a tour of UROVESA—a renowned Spanish manufacturer of military and industrial vehicles.
The visit focused on exploring potential collaboration in Compressed Natural Gas (CNG) technology for powering Nigeria’s defence and industrial vehicle fleets.

The minister was accompanied on the visit by key figures including the Minister of State for Petroleum Resources, Ekperikpe Ekpo; Presidential CNG Initiative representative, Engr. Michael Oluwagbemi; Engr. Henry Oki; and the Special Assistant for Gas Business and Investment to the Minister of State for Petroleum Resources (Gas), where they all engaged in detailed discussions with UROVESA executives.

During the visit, Tuggar emphasized the longstanding trade ties between Nigeria and Spain, noting that Spain remains one of Nigeria’s top trading partners, with Nigerian crude oil exports reaching $3.64 billion in 2023.

He lauded UROVESA’s innovative approach to producing all-terrain, armoured, tactical, and logistical vehicles, and expressed Nigeria’s growing interest in and implementation of CNG-powered solutions.

Tuggar also highlighted Nigeria’s business-friendly economic reforms under President Bola Ahmed Tinubu’s administration, which have positioned the country as a prime destination for investment in clean energy technologies. The discussions provided a valuable platform for further exploration of future collaborations between UROVESA and Nigeria’s Ministry of State for Petroleum Resources (Gas) in CNG-powered vehicle production and supply.

According to a statement by the foreign affairs minister spokesman, Alkasim AbdulKadir, the engagement not only reinforced Nigeria’s commitment to a green energy future but also laid the groundwork for modernizing the nation’s defence and industrial fleets with environmentally friendly and cost-effective energy solutions.

He said the promising outcome of the discussions sets the stage for a strategic partnership that is expected to foster sustainable innovation and drive economic growth for both Nigeria and UROVESA.

Nigeria Explores CNG Technology to Power Defence, Industrial Vehicle Fleets

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