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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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Beyond condemnation, why Governor Kefas must act decisively to end karim lamido crisis

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Beyond condemnation, why Governor Kefas must act decisively to end karim lamido crisis

By: Zagazola Makama

The latest attack on Munga Lelau community in Karim Lamido Local Government Area of Taraba State has once again thrust the fragile security situation in the region into national focus. The attack, which reportedly occurred on Friday evening, left many dead and communities in mourning.

In response, Governor Agbu Kefas swiftly condemned the incident, describing the carnage as “horrendous and unacceptable.” In a press statement issued by his Special Adviser on Media and Digital Communications, Emmanuel Bello, the governor expressed outrage at the continuous assaults, warned of grave repercussions for the perpetrators, and reiterated his administration’s commitment to securing the state.

However, while such condemnation is commendable and necessary to signal empathy and political will, what is urgently required now is a comprehensive, transparent, and sustained response that goes beyond words. The time has come for Governor Kefas to not only condemn the attacks but also to lead a full-fledged, fact-based investigation into what truly transpired and why.

The attack in Munga Lelau is not an isolated case. It follows a recent incident in Bandawa where two farmers were reportedly killed by suspected bandits. This recurring pattern of violence often fueled by retaliatory attacks between farmers and herders points to deeper, unresolved tensions in the Karim Lamido axis. While the rainy season usually heightens competition for land and water resources, what we are seeing is the escalation of low-grade communal tension into full-blown armed conflict.

Security forces have, on several occasions, brokered peace accords between aggrieved parties. Yet, these agreements have often been short-lived. Just Yesterday, troops under Operation Lafiyan Jamaa had to intervene after youths from Badanwa reportedly attacked herders grazing near their village, sparking reprisals and further bloodshed.

This cycle of provocation and retaliation is precisely why Governor Kefas must now go beyond condemning the violence and institute a full investigation. There is a growing concern that certain individuals referred to as “conflict entrepreneurs” may be exploiting these tensions for personal or political gain. These actors must be identified and held accountable, regardless of ethnic or political affiliation.

Equally, justice must not be selective. All sides must be heard, and those found culpable, whether among farmers or herders, must face the full weight of the law. Only a fair and balanced approach can restore confidence in government intervention and prevent further descent into lawlessness.

To achieve lasting peace, the state government must adopt a three-pronged approach:

Deploy additional security personnel to flashpoints in Karim Lamido and impose necessary restrictions, including curfews, where needed to prevent reprisal attacks. Peace committees comprising community leaders, religious heads, and youth representatives should be activated or reconstituted to immediately de-escalate tensions.

Establish an independent investigative panel to ascertain the root causes of the recurring violence. This panel should be empowered to take testimonies, review previous peace accords, and recommend actionable strategies. Simultaneously, set up mobile courts to fast-track justice delivery and deter impunity.

Develop and implement a comprehensive land-use and grazing policy, supported by modern conflict resolution training and dialogue platforms across LGAs. More investments should also go into education, vocational training, and rural infrastructure to address some of the socioeconomic drivers of insecurity.

Taraba must not be allowed to slide into a theatre of unchecked violence. Now is the time for Gov. Kefas to lead boldly, ensuring not only that peace is restored but that it is sustainable, just, and inclusive.

Beyond condemnation, why Governor Kefas must act decisively to end karim lamido crisis

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NDLEA, US-DEA to strengthen collaboration on drug war

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NDLEA, US-DEA to strengthen collaboration on drug war

By: Michael Mike

The National Drug Law Enforcement Agency (NDLEA) and the Drug Enforcement Administration of the United States (DEA) have stressed the need to strengthen current collaboration between the two agencies on the fight against the menace of substance abuse and illicit drug trafficking.

This was the highpoint of discussion during a meeting between the Chairman/Chief Executive Officer of NDLEA, Brig Gen Buba Marwa (Rtd) and the Country Attache of US-DEA, Ms. Daphne Morrison on Friday at the NDLEA Headquarters in Abuja

Marwa, while appreciating the cordial
working relationship and partnership between NDLEA and DEA, Ms. Morrison who was recently posted to Nigeria said “I wanted to make this one of my priorities to come meet with you so we can continue to collaborate and work together.

“And thank you so much for your support over the years, and we’re ready to keep things going. I know you’ve been working well with the last Country Attaché, so I’m ready to get back in and collaborate and do some really great things with you.”

She said efforts are ongoing to organise more trainings for officers and men of the Special Operations Units of the afency Amwhile looking forward to a number of joint operations with NDLEA in already identified areas of interests.

In his response, the NDLEA boss acknowledged the excellent relationships with Morrison’s predecessors. He said: “They’ve been very, very supportive, and I have absolutely no doubt in my mind that it will be the same, if not better, with you.” He acknowledged the recent evolution of NDLEA in the size of its workforce, expansion of operational and administrative structures as well as remarkable successes recorded in its drug supply reduction and drug demand reduction efforts.

While acknowledging the support received from DEA over the years especially in areas of equipment, training, and joint operations, Marwa expressed hope that more of such support will continue. “I think we would welcome much more support but because this being your first visit to introduce yourself, I’m not going to bring out a long list of demands or requests, but just to acknowledge that we appreciate all the support we’ve been receiving.”

NDLEA, US-DEA to strengthen collaboration on drug war

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APC Affirms One-China Principle, Lauds Nigeria-China Partnership

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APC Affirms One-China Principle, Lauds Nigeria-China Partnership

By: Michael Mike

The ruling All Progressives Congress (APC) has affirmed its unwavering commitment to the one-China principle, recognising Taiwan as an integral part of the People’s Republic of China (PRC).

Speaking in an interview in Abuja on Wednesday, the APC National Vice-Chairman (North-East), Comrade Mustapha Salihu, said the party is in full alignment with the federal government’s diplomatic stance.

He said: “Nigeria is unequivocally committed to the One-China Principle. Consequently, the policies and principles of the APC will mirror those of our federal government in diplomatic matters.

“China is a significant partner for our nation; they regard us as equals rather than a lesser nation. This perspective fosters a relationship of mutual progress. Therefore, it is wise for the government to support the one-China principle.”

Salihu reiterated the APC’s firm support for the government’s diplomatic policies, stating, “As a party, we stand resolutely behind the one-China principle.”

He praised the positive outcomes of Nigeria-China diplomatic relations, particularly in trade, investment, and infrastructural development.

He said: “Our partnership with China has yielded substantial results. We have witnessed the construction of extensive roads, bridges, and railways by Chinese companies, with counterpart funding from the Chinese government.

“In addition, projects such as the Ajaokuta-Kaduna-Kano (AKK) natural gas pipeline and various free trade zones in Nigeria have been funded, in whole or in part, by Chinese institutions. Chinese enterprises are eager to establish factories and businesses in Nigeria, and many are already contributing to our economy,” he noted.

He attributed the influx of foreign investment in Nigeria to the APC administration’s business-friendly policies, including amendments to the Companies and Allied Matters Act, which have streamlined processes for investors.

He expressed the party’s readiness to strengthen ties with the Communist Party of China (CPC) through collaboration in cultural exchange, trade, education, and human capital development.

He said: “We are dedicated to fostering mutual growth and reinforcing our historic partnership.”

APC Affirms One-China Principle, Lauds Nigeria-China Partnership

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