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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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Interior Minister Signs Performance Contracts, Urges Agencies to Boost Service Delivery

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Interior Minister Signs Performance Contracts, Urges Agencies to Boost Service Delivery

By: Michael Mike

In a significant move to bolster public service efficiency, Nigeria’s Interior Minister, Hon. Olubunmi Tunji-Ojo has formalized performance contracts with heads of agencies under the Ministry of Interior. This initiative aims to strengthen institutional legacy and ensure measurable improvements in service delivery.

Speaking in Abuja on Saturday at the conclusion of the 2025 retreat of the Ministry of Interior, the minister highlighted the event, which also featured the signing of performance contracts by all board members.

He said: “This initiative is about the effect on Nigerians and on Nigeria as a whole.”

Tunji-Ojo during the signing ceremony, said: “Our Ministry signed a performance contract with Mr. President last year, and after executing that for a year, it is time to extend this level of accountability to each agency.”

The performance contracts, which include measurable timelines for delivery, are designed to improve services to Nigerians and align with President Bola Tinubu’s Renewed Hope Agenda, he noted.

The Minister also emphasized that this exercise is not merely symbolic but is intended to have a meaningful impact on Nigeria’s security landscape.

Challenging common stereotypes, Tunji-Ojo commended the ministry’s staff for their commitment and hard work. He said: “Some people often say civil servants are ‘evil servants.’ Personally, I do not share that view. I have had the privilege of working with some of the best people God has created here in the Ministry of Interior.”

The Minister paid tribute to M.T. Umar, who retired after 35 years of service, describing him as central to Nigeria’s passport reforms. “The story of our passport revolution cannot be told without his name,”

He further stated that retirement does not depriving your nation of your knowledge, your character, or your service.

He urged staff to emulate Umar’s loyalty and integrity, stressing that “talent and brilliance are important, but it is loyalty and integrity that sustain a career.”

Addressing the agencies under the ministry the Nigeria Immigration Service, NSCDC, NCoS, FFS, and NIMC the minister commended their achievements but called for greater efforts in immigration reforms, protection of critical assets, correctional transformation, emergency response, and data security.

He said: “Our task is to ensure Nigerians feel our impact in their daily lives through safer communities, efficient services, and systems that inspire trust,” while further reminding the agencies that their collective output contributes directly to President Bola Tinubu’s Renewed Hope Agenda.

Meanwhile, heads of key agencies pledged to scale up performance following the retreat.

Commandant-General of the Nigeria Security and Civil Defence Corps (NSCDC), Ahmed Audi, said the exercise offered a chance to review past achievements and correct lapses. “From the contracts we signed last year, we have fared very well. But of course, there are areas for correction, and that is the essence of this retreat,” he said.

Acting Controller-General of the Nigerian Correctional Service (NCoS), Sylvester Nwakuche, described the retreat as timely. “Sometimes when you are busy trying to improve performance, you need to take time to measure yourself. By the first part of next year, we should be able to appraise our progress,” he said.

For his part, Controller-General of the Federal Fire Service, Samuel Olumode, said the exercise was an “eye-opener” for his agency. “By the next retreat, there will be positive impact, and Nigerians will know there is a new fire service in place,” he assured.

Olumode stressed that the performance contracts were a pledge of accountability. “It’s all about signing a bond to let the Nigerian public know it’s not business as usual. We must strengthen mechanisms that make us perform and give real value to our jobs.”

Interior Minister Signs Performance Contracts, Urges Agencies to Boost Service Delivery

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Kaduna police rescue kidnapped woman, arrest two suspects

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Kaduna police rescue kidnapped woman, arrest two suspects

By: Zagazola Makama

The Kaduna State Police Command has rescued a kidnapped woman and arrested two suspects in connection with the crime in Kachia Local Government Area of the state.

Sources said the incident followed a report by one Williams Ayuba of Azara village, who disclosed that his wife, Theresa Williams, was abducted while working on their farm at Bishini village on Aug. 27.

Zagazola learnt that the operatives from Katari Division, in collaboration with sister security agencies, launched a search operation in the surrounding forests.

Sources added that on Aug. 29, acting on credible information, the Assistant Commissioner of Police in charge of Jere mobilised a rescue team which successfully rescued the victim unhurt.

The sources saod two suspects, Ibrahim Abdullahi, of Nasarawa Toto, and Kabiru Abdullahi, of Mallam Tanko village, were arrested.

“The suspects have confessed to the crime and provided useful information to the police. Efforts are ongoing to arrest other fleeing members of the gang,” it added.

The victim, the sources said, was taken to Abaku Hospital for medical attention and has since been reunited with her family.

Kaduna police rescue kidnapped woman, arrest two suspects

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Four Soldiers Injured in Vehicle Accident on Mambilla Plateau

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Four Soldiers Injured in Vehicle Accident on Mambilla Plateau

By: Zagazola Makama

Four Nigerian soldiers have sustained injuries in a vehicle accident on the Mambilla Plateau in Taraba State.

The accident occurred on Thursday while the troops were moving across the mountainous terrain of the area, Zagazola reports.

The Emir of Mambilla, Dr. Shehu Audu Baju, was said to have personally joined in the rescue operation to ensure that the soldiers received prompt assistance.

Following the rescue, the injured personnel were evacuated to the 20 Battalion Barracks in Serti for urgent medical care.

Community members and traditional leaders in the area have expressed sympathy and prayed for the speedy recovery of the soldiers, while also calling for the safety of other security operatives on duty.

Four Soldiers Injured in Vehicle Accident on Mambilla Plateau

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