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Our Resolve To Protect SMEs Remain Unshaken – VP Shettima
Our Resolve To Protect SMEs Remain Unshaken – VP Shettima
Commissions SMEDAN headquarters in Abuja
By: Our Reporter
Vice President Kashim Shettima has said the federal government under President Bola Ahmed Tinubu’s watch will never shift ground in its determination to protect businesses in Nigeria.
According to him, enterprises are not only the very bedrock of a society but also reflect the direction the government is heading to and the speed with which it is doing so.
The VP who stated this on Wednesday while commissioning the corporate headquarters of the Small and Medium Enterprise Development Agency of Nigeria (SMEDAN) in Abuja noted that the Tinubu administration is strategically focusing on job creation, capital accessibility, economic growth, and poverty eradication to revamp the economy.
Shettima said, “Allow me to emphasise the importance of this moment: there is no more fitting time than now to reinforce the protection of enterprises in Nigeria. These enterprises not only stand as the very bedrock of our society but also reflect the direction the government is headed and the velocity with which we do so.
“This moment solidifies His Excellency President Bola Ahmed Tinubu’s assurance to protect our enterprises. It resonates deeply within our economic revitalisation plan. His focus on job creation, capital accessibility, economic growth, and poverty eradication forms the very skeleton of our strategy to invigorate the economy. Inevitably, this path demands tough decisions, yet ones essential to our success.”
The VP also recalled that he had inaugurated the National MSME Council ten days ago, saying it was just the beginning that sets the stage for what is up ahead.
Explaining how President Tinubu intends to make sure businesses and other economic enterprises prosper in the country, VP Shettima said, “Notably, our partnership with the Bank of Industry to unveil a N75 billion, 9% interest loan accessible to Nigerian MSMEs as of January 2024 is a pivotal stride. This initiative is geared towards fostering a more conducive and enabling business environment.
“This government doesn’t just boast some of the nation’s finest talents; it champions those invested in ensuring our business owners have front-row seats in our journey towards progress. Our goal is to cultivate an ecosystem where Nigerian businesses become regular features in globally recognized publications such as Forbes, Bloomberg, and the Financial Times for the right reasons.
“We are all well aware that Mr. President’s readiness to take action has never faltered, and what we are witnessing here is just a component of the strategies in place to create a future brimming with endless opportunities”.
The Vice President congratulated the Minister of Industry, Trade, and Investment, Dr. Doris Uzoka-Anite, and the leadership of SMEDAN, saying they have proven that they are ready to transform “concepts into tangible actions.
“This initiative renews hope for a critical segment of our entrepreneurial community, and highlights our sensitivity to the economic clock of the nation,” he added.
Earlier in her remarks, Minister of Industry, Trade and Investment, Dr Uzoka-Anite, thanked Vice President Shettima for his unwavering support to MSMEs in the country.
She said the completion and commissioning of the new SMEDAN Complex is a clear demonstration of the commitment of the Tinubu administration to the development of the MSME space.
She also outlined other initiatives of the federal government targeted at building capacity and linking MSMEs to markets at home and abroad.
For his part, the Director General of SMEDAN, Mr Charles Odii, thanked the Vice President for his support and guidance in the actualisation of the project and leadership in the MSME space.
He said the agency and the entire MSME community in Nigeria have recorded significant achievements within a short period of time under the leadership of the VP.
He assured that the agency will continue to collaborate with sister organisations to ensure sustainable growth in the sector.
Other dignitaries at the event were the Chairman of the Senate Committee on Industry, Trade and Investment, Sen. Fadahunsi Anthony; Chairman of the Senate Committee on Niger Delta, Sen. Asuquo Ekpenyong; Chairman of the House Committee on Small and Medium Enterprises, Hon. Mansur Manu Soro; Minister of State for Youth Development, Mr Ayodele Olawande; Permanent Secretary in the Ministry of Industry, Trade and Investment, Dr Evelyn Ngige, as well as heads of government agencies and parastatals.
Our Resolve To Protect SMEs Remain Unshaken – VP Shettima
News
Unlocking the Benefits of Zero-Tariff Measures to Elevate the China–Africa Community with a Shared Future to a New Level
Unlocking the Benefits of Zero-Tariff Measures to Elevate the China–Africa Community with a Shared Future to a New Level
By Yu Dunhai,
On May 1 this year, China will fully implement zero-tariff measures for 53 African countries that have diplomatic relations with China. This represents a concrete step by China to expand high-level opening up and deepen China–Africa cooperation. As the policy enters its implementation phase, China–Nigeria cooperation is also reaching a critical juncture, transitioning from an “opportunity window” to the delivery of tangible outcomes.
This measure is characterized by comprehensive coverage. Previously, China had already granted zero-tariff treatment on 100 percent of tariff lines to 33 least developed African countries. Starting May 1, China will further extend zero-tariff arrangements, through preferential tariff rates, to 20 non-least developed African countries, including Nigeria, thereby achieving full coverage of all African countries with diplomatic relations with China. As a result, China has become the first major economy in the world to unilaterally implement comprehensive zero-tariff treatment for all such countries, demonstrating through concrete actions its commitment to providing market opportunities to African partners.
Zero tariffs measures directly reduce the cost of Nigerian products entering the Chinese market. From sesame, ginger, and cashews to cocoa and other specialty agricultural products, as long as they meet rules of origin as well as inspection and quarantine requirements, they can access the Chinese market more smoothly. This “channel effect” helps translate potential demand into stable orders and convert market opportunities into tangible benefits.
Beyond enabling products to be “sold,” this measure will also help them be “sold better.” The removal of tariffs will both encourage and incentivize enterprises to improve quality standards, optimize product structures, and strengthen brand development, thereby supporting sustainable growth in China’s high-standard market. As export volumes expand and quality improves, the international reputation of “Made in Nigeria” will be further enhanced.
From a broader perspective, the measure will promote localized value addition, inject new momentum into Nigeria’s industrialization and agricultural modernization, create employment opportunities, and improve livelihoods. Clear and stable expectations for exports to China will attract increased domestic and foreign investment into sectors such as agriculture, food processing, mineral processing, and manufacturing. Value addition through local processing prior to export will help extend industrial chains and stimulate the development of supporting industries, including R&D, quality inspection, packaging, warehousing, and logistics. In this way, Nigeria will be better positioned to transition from primary commodity exports to more diversified, higher value-added exports, enhancing the resilience and dynamism of its economy.
Whether the benefits of zero-tariff measures can be fully realized ultimately depends on effective implementation. African producers and exporters, including those in Nigeria, are encouraged to proactively align with Chinese market requirements in terms of product quality, supply reliability, and brand promotion. China will work closely with Nigeria and other African countries to create an even more enabling environment for expanding exports to China. This includes providing technical support through capacity-building programs, enhancing trade facilitation through “green channels” for agricultural products, and welcoming Nigerian enterprises to actively participate in major platforms such as the China International Import Expo, the Canton Fair, and the China–Africa Economic and Trade Expo to connect with buyers and promote their products. We also look forward to close coordination with relevant Nigerian authorities to ensure that products meet applicable origin rules, inspection and quarantine standards, and other regulatory requirements.
The zero-tariff arrangement is an innovative, phased, and pioneering measure in the ongoing negotiations on the Agreement on Economic Partnership for Shared Development between China and African countries. This agreement will more comprehensively reduce both tariff and non-tariff barriers, enhance trade and investment facilitation, and deepen cooperation across a range of development areas, thereby providing long-term, stable, and predictable institutional support for mutually beneficial cooperation between China and Nigeria.
Against the backdrop of persistent geopolitical tensions, global economic headwinds, and rising unilateralism and protectionism, China’s commitment to expanding opening up, while focusing on Africa’s development priorities and sharing the opportunities of its vast market and modernization, demonstrates both responsibility and strategic foresight. China stands ready to work with Nigeria to ensure that zero-tariff measures take root and deliver real results, advancing Africa’s modernization and elevating the China–Africa community with a shared future to a new level.
Yu Dunhai, is Chinese Ambassador to Nigeria
Unlocking the Benefits of Zero-Tariff Measures to Elevate the China–Africa Community with a Shared Future to a New Level
News
Fuel Hike Crisis: NHRC Warns Nigerian Workers at Breaking Point, Demands Urgent Government Action
Fuel Hike Crisis: NHRC Warns Nigerian Workers at Breaking Point, Demands Urgent Government Action
By: Michael Mike
Nigeria’s worsening cost-of-living crisis came under sharp scrutiny on Thursday as the National Human Rights Commission (NHRC) issued a strong warning that rising fuel prices and systemic economic pressures are pushing workers deeper into hardship, urging immediate government intervention to avert further deterioration.
In a statement marking International Workers’ Day 2026, the Commission’s Executive Secretary, Tony Ojukwu, said the recent petrol price hikes have triggered a chain reaction of economic strain, with transportation costs soaring beyond the reach of average Nigerians and severely eroding workers’ incomes.
He warned that the daily reality for millions of workers—particularly those dependent on commuting—has become increasingly unsustainable, with productivity declining as basic mobility becomes a luxury rather than a necessity. According to him, the situation is steadily undermining not just economic stability but also the dignity of labour in the country.
While acknowledging federal efforts to mitigate the effects of global inflation and economic reforms, the NHRC stressed that such measures have yet to translate into meaningful relief for citizens facing immediate and severe financial pressure. The Commission argued that the gap between policy intentions and lived realities continues to widen.
The NHRC identified transportation as a critical pressure point, noting that the absence of a functional and affordable public transport system has amplified the impact of fuel price increases. It cautioned that without urgent corrective measures, a significant portion of the workforce risks sliding further into economic vulnerability.
Beyond fuel and transport costs, Ojukwu drew attention to entrenched structural challenges worsening the crisis. These include controversial estimated electricity billing practices, persistent metering gaps, rising housing costs, and limited access to quality healthcare under the National Health Insurance framework. He also flagged recurring industrial actions in the health sector, attributing them to poor welfare conditions that ultimately affect both workers and the broader population.
The Commission further raised concerns over wage disparities among workers performing similar roles, calling for transparent and equitable salary harmonisation across sectors. It described delays in the payment of retirement benefits as a grave injustice, warning that such practices strip retirees of dignity and financial security after years of service.
Although the NHRC acknowledged ongoing investments in the railway sector, it insisted that broader and more inclusive transport solutions are urgently needed nationwide to ease the burden on workers.
Framing the crisis in rights-based terms, Ojukwu emphasized that the current economic hardship is not merely a fiscal issue but a human rights concern requiring immediate, people-centered responses. He called on all levels of government to adopt practical policies that directly improve living standards and safeguard workers’ welfare.
As Nigeria joins the rest of the world to mark Workers’ Day, the Commission delivered a blunt message: economic reforms must not come at the expense of citizens’ dignity. Without deliberate protections, it warned, Nigerian workers will continue to shoulder disproportionate hardship in a system that offers little relief.
Fuel Hike Crisis: NHRC Warns Nigerian Workers at Breaking Point, Demands Urgent Government Action
News
Troops Recover Rifle, Ammunition During Clearance Operation in Borno
Troops Recover Rifle, Ammunition During Clearance Operation in Borno
By: Zagazola Makama
Troops of 403 Amphibious Brigade, in collaboration with members of the Civilian Joint Task Force (CJTF), have recovered arms and ammunition during a clearance operation along a major supply route in Borno State.
Security sources told Zagazola that the recovery was made at about 12:00 p.m. on April 29 during a shoulder clearance operation along the Baga–Cross Kauwa road in Kukawa Local Government Area.

The sources said the operation, conducted by troops alongside Explosive Ordnance Disposal (EOD) personnel and civilian volunteers, was part of ongoing efforts to secure the main supply route and prevent insurgent activities.
According to the sources, items recovered include one AK-47 rifle, one magazine and 30 rounds of 7.62mm special ammunition.

They added that no contact was made with any suspected terrorists during the operation, which was carried out successfully without incident.
The sources said troops would continue clearance and surveillance operations to ensure sustained security along key routes in the area.
Troops Recover Rifle, Ammunition During Clearance Operation in Borno
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