Connect with us

News

Vice President Shettima Urges Stakeholders To Expand Scope Of Support For MSMEs

Published

on

Vice President Shettima Urges Stakeholders To Expand Scope Of Support For MSMEs

Says govt. agencies, private sector partners must harness Nigeria’s potential in digital space, agriculture

By: Our Reporter

The Vice President, Senator Kashim Shettima, has implored stakeholders, including financial institutions, government agencies, and the private sector, to expand their scope of support for Micro, Small, and Medium Enterprises (MSMEs) in Nigeria.

Emphasizing their critical role in economic growth, job creation, and poverty reduction, he urged them to leverage technology to enhance the MSMEs sector, particularly for young Nigerians in the digital world.

Senator Shettima stated this on Tuesday when he received the 2025-2026 MSME report during the Nigerian MSMEs stakeholders meeting at the Presidential Villa, Abuja.

“We have our jobs cut out for us. SMEDAN is doing an awesome job, so also is ITF. Every stakeholder here, from NAFDAC, to CAC, NITDA, Export Promotion Council, and NIPC, is putting in their best, and we are mightily proud of all of you,” he told the stakeholders at the meeting.

Urging government agencies and private sector partners to harness the nation’s potential in the digital space, agriculture, and other key areas that can benefit MSMEs, VP Shettima asked them to take a cue from India, which generated $130 billion in 2025 from business process outsourcing alone, noting that the potentials in that outsourcing space are tremendous.

“So, we need to really harness our potential in the digital space, in agriculture,” he added.

The Vice President thanked the stakeholders for doing a great job in advancing MSMEs in Nigeria, assuring that the administration of President Bola Ahmed Tinubu will do all it can to ensure the growth of small businesses in the country.

Speaking earlier, the Minister of Information and National Orientation, Mohammed Idris, commended the Vice President, describing the meeting as an overview of what has been done by MSMEs over a period of time.

He noted that all the participants and stakeholders facilitating the success of the MSMEs programme were in attendance to appraise the achievements of the programme, even as he revealed that over 250,000 jobs were created and more are on the way.

The Minister also commended the Special Adviser to the President on MSMEs and Job Creation (Office of the Vice President), Mr. Temitola Adekunle-Johnson, for bringing all stakeholders in MSMEs in Africa to converge on Abuja to showcase Nigeria and chat the way forward in enhancing the development of the sector on the continent.

Presenting the MSME report to the Vice President, the Special Adviser to the President on Job Creation and MSMEs, Adekunle-Johnson, gave a brief rundown of how the Renewed Hope Agenda, under President Tinubu, has repositioned MSMEs as a central pillar of national economic transformation and job creation.

He noted that the core focus over the past year had been on improving access to affordable financing, reducing operational constraints through shared infrastructure, strengthening market linkages, and institutionalising recognition frameworks that promote excellence and competitiveness.

On the MSME space in 2025, he noted that access to funding had been expanded through MSME Clinics, which serve as a bridge between the federal government, state governments, and small businesses, thereby creating market visibility, business formalisation opportunities, and access to instant on-site grants for outstanding businesses at each clinic.

Speaking on job creation, the presidential aide disclosed that in the past year, over 11 shared hubs have been deployed, creating more than 250,000 jobs across the country.

On his office’s roadmap for 2026, he said the focus will be on strengthening coordination with partner agencies and state governments, targeting the de-risking of funds, the National MSME Awards, sustainable job creation programmes, capacity development, and improved access to funding.

In his Goodwill message, the Director General of Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), Charles Odii, commended President Tinubu and Vice President Shettima for “setting the blueprint for Small and Medium Enterprises growth in Nigeria.”

He said the shared facilities created by the MSMEs by the office of the Vice President have engaged the people, even in late hours of the day, creating more jobs, just as he noted that “this is the first time the people have been been so fascinated about the policy of government.”

The Managing Directors of Corporate Affairs Commission, National Agency for Food and Drug Administration and Control (NAFDAC), and Nigerian Export Promotion Council (NEPC) also outlined how their respective agencies had benefitted thousands of MSMEs in the past year.

Representatives of Access Bank, Zenith Bank, and Wema Bank all committed to partnering with the Office of the Vice President to ensure that MSMEs get the support they need, even as all stakeholders play their respective roles in moving the Nigerian economy forward.

Vice President Shettima Urges Stakeholders To Expand Scope Of Support For MSMEs

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

FG Targets Cross-Border Mobile Connectivity to Boost Security, Cut Internet Costs

Published

on

FG Targets Cross-Border Mobile Connectivity to Boost Security, Cut Internet Costs

By: Michael Mike

The Federal Government has unveiled plans to expand Nigeria’s mobile and digital connectivity beyond its borders as part of a broader strategy to strengthen national security and lower the cost of internet services across the region.

The initiative was disclosed on Monday during the second edition of the Nigerian Satellite Week 2026 held in Abuja and organised by Nigerian Communications Satellite Limited.

Speaking at the event, the Minister of Communications, Innovation and Digital Economy, Dr Bosun Tijani, said the Federal Government plans to extend Nigeria’s fibre-optic network into neighbouring countries as part of efforts to modernise digital infrastructure and tackle security challenges.

According to him, the administration of Bola Ahmed Tinubu is investing in about ninety thousand kilometres of fibre-optic infrastructure that will connect Nigeria with neighbouring countries including Cameroon, Niger, Burkina Faso and Chad.

Tijani explained that the regional connectivity project would help reduce the cost of internet capacity in neighbouring countries, where the price of connectivity is significantly higher than in Nigeria.

He noted that while the project would improve digital access and affordability, it would also support national security operations along the country’s borders.

“This fibre network will also provide opportunities for the military because it will run across our borders, which means we will have stronger capabilities for fibre sensing and surveillance,” the minister said.

He also highlighted Nigeria’s strategic advantage as the only country in West Africa operating its own communications satellite through Nigerian Communications Satellite Limited, noting that the platform plays a critical role in providing connectivity to remote and underserved communities.

According to Tijani, satellite infrastructure supports sectors such as agriculture, education, business and security, especially in areas where terrestrial networks are limited.

He commended President Tinubu for approving the acquisition of additional satellites, describing the move as a strong demonstration of the government’s commitment to building future-ready digital infrastructure.

The minister added that investments in infrastructure must be accompanied by practical applications capable of driving real development outcomes.

“Satellite technology is a powerful enabler, particularly in the area of security,” he said.

In her welcome remarks, the Managing Director of Nigerian Communications Satellite Limited, Jane Nkechi Egerton-Idehen, said the event reflects Nigeria’s growing commitment to harnessing space technology for national development.

She highlighted initiatives such as Project 774, which aims to provide satellite-enabled connectivity to all local government areas in Nigeria, ensuring that rural and underserved communities are not left behind in the country’s digital transformation.

Egerton-Idehen also noted that the agency is strengthening its global partnerships, including collaborations with Eutelsat and the Kenya Space Agency, while Nigeria currently serves as Vice Chair of the Global Satellite Operators Association.

She explained that the role allows Nigeria to participate actively in shaping international satellite policy and spectrum management discussions.

Also speaking at the event, the Executive Vice Chairman of the Nigerian Communications Commission, Dr Aminu Maida, emphasised the importance of satellite technology in strengthening communication systems and supporting critical services.

According to him, satellite infrastructure has become vital for communication, emergency response, education, security and broader technological advancement.

The Nigerian Satellite Week 2026 brings together policymakers, industry leaders, researchers and innovators to explore opportunities within the satellite and digital infrastructure ecosystem.

Participants say the event provides a platform for collaboration aimed at positioning Nigeria as a leading force in Africa’s rapidly expanding digital and satellite economy.

FG Targets Cross-Border Mobile Connectivity to Boost Security, Cut Internet Costs

Continue Reading

News

VP Shettima Visits El-Rufai, Consoles Ex-Kaduna Gov Over Mother’s Demise

Published

on

VP Shettima Visits El-Rufai, Consoles Ex-Kaduna Gov Over Mother’s Demise

By: Our Reporter

Vice President Kashim Shettima has commiserated with former Governor of Kaduna State, Mallam Nasir El-Rufai, over the death of his mother, late Hajiya Fatima Umma.

The Vice President who paid the El-Rufai family at their Abuja residence called for collective effort in uniting the nation aside political differences.

Senator Shettima prayed for the repose of the soul of the late matriarch of the El-Rufai family.

The late Hajiya Fatima Umma El-Rufai passed away on Friday, March 27, 2026 in Cairo, Egypt, at the age of 96.

The Vice President was received by former Governor of Bauchi State, Ahmad Adamu Muazu; former Chief of Army Staff, General Abdurrahman Dambazau; Abdullahi Sarkin Gobir Adiya, and the member Representing Kaduna North, Bello El-Rufai, Bashir El-Rufai.

VP Shettima Visits El-Rufai, Consoles Ex-Kaduna Gov Over Mother’s Demise

Continue Reading

News

Stakeholders Push for Scaled-Up Energy Efficiency in Nigeria’s Industrial Sector

Published

on

Stakeholders Push for Scaled-Up Energy Efficiency in Nigeria’s Industrial Sector

By: Michael Mike

Stakeholders from government, the organised private sector, development agencies, and civil society have called for stronger collaboration and expanded financing to accelerate the adoption of energy-efficient and cleaner production practices in Nigeria’s industrial sector.

The call was made on Monday during a special project-specific interactive session and Efficiency Champions Competition organised under the Global Environment Facility and United Nations Industrial Development Organization Industrial Energy Efficiency and Resource Efficient and Cleaner Production project in Abuja.

The event brought together representatives of industries, non-governmental organisations, financial institutions, policy makers, and members of the media to review the progress of the initiative and explore opportunities for expanding sustainable industrial practices across the country.

Speakers at the session emphasised that improving energy efficiency and reducing waste in industrial operations are essential for lowering production costs, boosting competitiveness and promoting environmentally responsible manufacturing.

Opening the session, the project leadership said the initiative had recorded significant progress in promoting industrial energy efficiency and resource-efficient production methods within Nigeria’s manufacturing sector.

According to the National Project Coordinator, GEF-UNIDO IEE and RECP Project, Jacob Oladipo revealed that the project has supported capacity building programmes, cleaner production assessments, policy engagement and innovative financing mechanisms designed to help industries reduce energy consumption while improving productivity.

He explained that the project had demonstrated that sustainable industrial practices are not only environmentally responsible but also economically beneficial to businesses.

The session also provided an opportunity for stakeholders to review the outcomes of the project and identify lessons that could support the wider adoption of energy-efficient technologies and cleaner production systems across industries.

In a goodwill message delivered on behalf of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture, Mr. Kunle Fadare said the initiative was both timely and strategic for Nigeria’s industrial growth.

He noted that the industrial sector accounts for more than thirty per cent of the country’s total energy consumption but still operates far below optimal efficiency levels.

Fadare said studies have shown that improvements in energy efficiency within Nigerian industries could lead to savings of between twenty and forty per cent in energy use.

He added that such gains would translate into reduced production costs, improved competitiveness and lower greenhouse gas emissions.

He also highlighted the environmental implications of industrial waste, noting that Nigeria generates more than thirty-two million tonnes of solid waste annually, a significant portion of which originates from industrial activities.

According to him, adopting resource-efficient and cleaner production practices would not only reduce waste but also strengthen long-term business sustainability.

Fadare further praised the Efficiency Champions Competition, describing it as an important platform for recognising businesses that are taking concrete steps toward sustainable production.

He said the initiative would help showcase best practices and encourage other companies to adopt energy-efficient technologies.

Global trends, he added, show that markets increasingly favour environmentally responsible production systems, particularly as access to international markets becomes tied to sustainability and environmental compliance.

He therefore urged Nigerian businesses to proactively embrace energy efficiency and cleaner production practices to remain competitive in regional and global markets.

Also speaking, the Global Environment Facility desk officer commended the collaboration among stakeholders involved in implementing the project.

The official expressed appreciation to the United Nations Industrial Development Organization for providing technical guidance and to the Manufacturers Association of Nigeria for supporting the implementation of the initiative.

The desk officer also acknowledged the role played by various government ministries, departments and agencies, as well as the Department of Pollution Control and Environmental Health, in advancing the project’s objectives.

According to the official, the interactive session was designed to allow stakeholders to examine emerging issues related to energy use in industries, share experiences, address challenges and identify opportunities for improvement.

The official stressed that sustainable economic growth requires strong collaboration among government, industry, development partners and civil society.

Participants were therefore encouraged to actively contribute ideas and insights that could help strengthen the implementation of energy-efficient industrial practices in Nigeria.

Representatives of the organised private sector also highlighted the need to scale up financing mechanisms that support industries seeking to adopt energy-efficient technologies.

They noted that while progress had been made through innovative financing models and technical support programmes, wider adoption would require increased investment, stronger policy support and continued capacity building for industries, particularly small and medium enterprises.

Stakeholders agreed that the engagement of the organised private sector, non-governmental organisations and the media would be critical in sustaining the momentum generated by the project.

They emphasised that awareness creation, knowledge sharing and policy advocacy would play key roles in expanding the adoption of energy-efficient and cleaner production practices across Nigeria’s industrial landscape.

Participants expressed optimism that stronger collaboration among stakeholders would help accelerate the transition toward a more efficient, competitive and environmentally sustainable industrial sector in Nigeria.

Stakeholders Push for Scaled-Up Energy Efficiency in Nigeria’s Industrial Sector

Continue Reading

Trending

Verified by MonsterInsights