FG Identifies Funding, Skills Gaps as Barriers to SME Growth
By Oluwakemi Kindness The Federal Government says limited access to finance, business skills and investor support is preventing many Nigerian small businesses from expanding, warning that addressing these challenges will be critical to achieving the country’s one-trillion-dollar economy target. The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, stated this at the […]
FG Moves to End Multiple Fees, Overlapping Regulations
By Oluwakemi Kindness The Federal Government is moving to eliminate duplicate regulatory requirements, multiple fees and unnecessary procedures imposed on businesses by government agencies in a bid to reduce operating costs and attract investment. Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, announced the plan during a meeting with heads of agencies […]
SMEDAN Warns of Startup Investment Gap in Nigeria
By Oluwakemi Kindness The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has raised concerns over the shortage of investment-ready startups in the country, despite the availability of significant funding opportunities for entrepreneurs. Director-General of SMEDAN, Charles Odii, made the observation at the opening of the Abuja Centre for Entrepreneurship (ACE) Project’s Training of […]
Reps Move to Reform Laws on Ease of Doing Business
By Oluwakemi Kindness The House of Representatives has pledged to strengthen Nigeria’s commercial laws to improve the ease of doing business, remove regulatory barriers and attract more local and foreign investment into the country. Speaker of the House of Representatives, Abbas Tajudeen, made the commitment on Monday while declaring open a public hearing organised by […]
High Production Costs Threaten AfCFTA Gains – NSDC
By Oluwakemi Kindness The Executive Secretary of the National Sugar Development Council (NSDC), Kamar Bakrin, has warned that Nigeria risks losing the vast opportunities offered by the African Continental Free Trade Area (AfCFTA) unless it urgently lowers the cost of production for manufacturers. Speaking at the technical session of the 17th National Council on Industry, […]
Ebonyi Open to Foreign, Local Investors, Says Nwifuru
By Mardiyyah Abubakar Ebonyi State Governor Francis Nwifuru says his administration is ready to welcome both foreign and local investors, describing the state as one of the safest and most attractive investment destinations in the South East region. The governor made the statement on Sunday at the Government House Chapel in Abakaliki while briefing residents […]
India Approves $13bn Chip Plan to Boost Semiconductor Industry
By Oluwakemi Kindness India has approved a new $13 billion semiconductor programme aimed at expanding local chip production and strengthening its position in the global electronics industry. The Union Cabinet approved the “Semicon 2.0” initiative on Wednesday, building on an earlier 2021 programme designed to reduce dependence on imported chips and attract foreign investment. The […]
Finance Minister Seeks Commercial Tribunal for Investors
By Oluwakemi Kindness, Mardiyyah Abubakar The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has proposed the establishment of a specialised Commercial Dispute Resolution Tribunal to speed up the resolution of business disputes and boost investor confidence in Nigeria. Speaking at the Second Biennial Conference of the Capital Market Academics of Nigeria […]
Nigeria Credit Rating Upgrade Boosts Reform Debate
By Oluwakemi Kindness Nigeria’s recent sovereign credit rating upgrade from B- to B has renewed discussions on the country’s economic direction and what it means for ordinary citizens. The upgrade reflects growing confidence in Nigeria’s ongoing economic reforms, although the country still remains below investment-grade status. To address these critical milestones, DataPro Limited, Africa’s fastest-growing […]
SpaceX Stock Market Debut To Make Musk a Trillionaire
By Anayo Akwitti The space company is gearing up for what is expected to be the largest-ever stock market debut. SpaceX plans to raise up to $75bn (£56bn) when it goes public this month – putting Elon Musk on course to become the world’s first trillionaire. The space company is gearing up for what is […]