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Osun State strengthens partnership with SMEDAN on MSME development The Executive Governor of Osun State, His Excellency, Sen. Dr. Nurudeen Jackson Ademola Adeleke has made a commitment to deepen the existing relationship with SMEDAN under the leadership of @the_c.o.o. This was made known during the 4 day Opportunity Fair which held in the Oshogbo, the State Capital. Dr. Adeleke commended the numerous innovations introduced by Mr Charles Odii in boosting the global competitiveness of MSMEs in Nigeria. The Governor further expressed his commitment to enter into an MOU with SMEDAN to birth a single digit interest funding facility for MSMEs in the State. This he said, will go a long way in accelerating economic growth in the state. The Director General @the_c.o.o while speakkng about the G.R.O.W. strategy of SMEDAN, appreciated the Executive Governor for his several exploits in urban renewal. He informed the good people of the state that "poverty has no political affiliation, hence the need to collaborate across all divisive lines to support the growth of MSMEs". The event was attended by numerous members of the state cabinet led by the Deputy Governor as well as the Commissioner for Commerce and Industries. #hereforprosperity #GROWNigerian #SMEDAN

CNMFRS.com (www.cnmfrs.com) is your ultimate one-stop platform for discovering Chinese manufacturers, suppliers, products, services, and directories. The website offers a comprehensive search experience, designed to help you find exactly what you're looking for in one place. Key Features of CNMFRS: Powerful Search Functions: Easily navigate through thousands of manufacturers and suppliers. Detailed Page Classification: Products and services are organized into clear categories for efficient browsing. Efficient Content Updates: Stay up-to-date with the latest offerings and company news. The primary goal of CNMFRS is to promote international trade by providing a convenient and high-quality platform that connects global customers with reliable Chinese suppliers. Industries Covered: Electrical Equipment Lighting & Construction Electronics Tools Industrial Parts Machinery and more. Benefits for Manufacturers and Suppliers: Corporate Image Building: Showcase your products and company information to attract international buyers. Product Display and Promotion: Help manufacturers establish a strong presence online. Support for SMEs: CNMFRS supports the online promotion efforts of small and medium-sized enterprises (SMEs) in China, enabling them to reach global markets. Whether you're looking for innovative products, reliable suppliers, or seeking to expand your business internationally, CNMFRS.com is your go-to platform for all things related to Chinese manufacturing and supply.

***We are converting 1 million vehicles Free of Charge*** The EVC Presidential Initiative on CNG, Chief Toyin Subair announced that the President of the Federal Republic of Nigeria, Asiwaju Bola Ahmed Tinubu GCFR has graciously approved the conversion of one million commercial vehicles to CNG powered vehicles. He stated this at the commissioning of the Compressed Natural Gas (CNG) facility at SMEDAN CorporateHeadquarters in Abuja. Mr Subair informed the gathering that the Pi-CNG is already working with Transport Unions and Associations to compile data of commercial vehicles who are to benefit. This is a welcome news to MSMES who are into transportation as the conversion of their vehicles will lead to over 200% slash in cost of refueling their vehicles. The invited guests were later presented with Grow Nigerian Gift Boxes, an Initiative of Mr Charles Odii @the_c.o.o to promote the culture of patronizing Made in Nigeria products. Think Big Start Small...Prosper

The Small and Medium Enterprises Development Agency of Nigeria is poised to commission a cutting-edge facility for converting petroleum-powered vehicles to Compressed Natural Gas (CNG) within its Industrial Complex in Idu Layout, Abuja. CNG is emerging as a preferred option for MSMEs focused on reducing operational expenditures. Under the stewardship of Mr CharlesOdii, , SMEDAN is dedicated to providing MSMEs with expert guidance, resources, opportunities, and workplace support to enhance their global competitiveness. Interested parties are invited to reach out and initiate the vehicle conversion process. SMEDAN remains steadfast in its commitment to fostering prosperity. Credit: Corporate Affairs Unit, SMEDAN

https://medium.com/@silverskills89/the-impact-of-loan-securitization-on-small-and-medium-enterprises-smes-b58d13fd03a4

President Bola Ahmed Tinubu has instructed the allocation of a federal government grant of N150,000 to each business owner in Enugu State. Vice President Kashim Shettima has inaugurated Nigeria's largest state-of-the-art Fashion Hub for MSMEs in Enugu State. He emphasized that President Tinubu remains steadfast in his dedication to fostering a business climate that offers incentives and opportunities to elevate MSMEs into powerful enterprises. On Thursday, Senator Shettima announced the distribution of the federal government grant during the launch of the 5th Expanded National MSME Clinic in Enugu State. He said, "Distinguished ladies and gentlemen, I am pleased to announce that His Excellency, President Bola Ahmed Tinubu, has mandated a grant of N150,000 each to be awarded to outstanding exhibiting MSMEs at today’s event. "Let me assure you that this is an outright grant, with no requirement for repayment, reflecting our commitment to nurturing MSMEs and fostering economic growth.”

SMEDAN set to host 2024 National MSME Conference The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has announced the 2024 edition of the National MSME Conference, themed “GROW NIGERIAN: Sustaining an Innovation and Digital-Driven Economy.” The event, the nation’s leading annual development conference, will be opened by the President, His Excellency President Bola Ahmed Tinubu GCFR. It will take place from October 3rd to 5th, 2024, at the Banquet Hall, Presidential Villa, Abuja, with support from the German International Agency (GIZ) and Mastercard. Mr. Charles Odii, Director-General/CEO of SMEDAN, described the event as the most significant convergence of entrepreneurs, policymakers, enablers, public-private sector stakeholders, and supporting institutions in Nigeria’s SME ecosystem. The conference will focus on driving development in the MSME sector within the eight key sectors identified in the GROW Nigerian strategy introduced by Director-General Charles Odii to strengthen Nigeria’s local production potential and raise export revenue. This will be achieved through the provision of Guidance, Opportunities, Resources, and Workforce Support to SMEs by SMEDAN. The sectors include agriculture, light manufacturing, fashion, creative and entertainment, digital and innovation, tourism, and education. Nigeria’s most successful entrepreneurs and renowned experts have confirmed their attendance at the event. They include Tony Elumelu, Chairman of Heirs Holdings; Hakeem Belo-Osagie, Chairman of Metis Capital Partners; and Jonathan Ortmans, Founder and President of the Global Entrepreneurship Network (GEN). A key highlight of the event is the planned premiere of the second season of the popular drama series The Smart Money Woman by Arese Ugwu, who will attend the conference with co-stars such as Timini Egbuson and Osas Ighodaro. The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has announced the 2024 edition of the National MSME Conference, themed “GROW NIGERIAN: Sustaining an Innovation and Digital-Driven Economy.” The event, the nation’s leading annual development conference, will be opened by the President, His Excellency President Bola Ahmed Tinubu GCFR. It will take place from October 3rd to 5th, 2024, at the Banquet Hall, Presidential Villa, Abuja, with support from the German International Agency (GIZ) and Mastercard. Mr. Charles Odii, Director-General/CEO of SMEDAN, described the event as the most significant convergence of entrepreneurs, policymakers, enablers, public-private sector stakeholders, and supporting institutions in Nigeria’s SME ecosystem. The conference will focus on driving development in the MSME sector within the eight key sectors identified in the GROW Nigerian strategy introduced by Director-General Charles Odii to strengthen Nigeria’s local production potential and raise export revenue. This will be achieved through the provision of Guidance, Opportunities, Resources, and Workforce Support to SMEs by SMEDAN. The sectors include agriculture, light manufacturing, fashion, creative and entertainment, digital and innovation, tourism, and education. Conference activities will include one-stop shops featuring heads of government agencies and financial and compliance organizations, such as NAFDAC, CAC, SON, Nigeria Customs, BOI, NEXIM, NEPC, NIPC, FIRS, and more. There will also be an exhibition showcasing innovative products and services from SMEs across the country. Participating businesses will receive expert advice and guidance at a Business Clinic, interacting with agencies and institutions to address structural issues and challenges. Prominent thought leaders, including Chude Jideonwo, the Co-founder of Red Media and Joy Inc., will lead masterclasses focused on digital skills development, accessing finance, business scaling, and leveraging trade agreements such as AGOA and AfCFTA. Additional activities will include a deals room where scalable businesses will obtain investments from venture capital firms; a pitch competition for entrepreneurs to showcase their ideas and receive funding; and networking events to facilitate connections and partnerships. The conference will conclude with an award ceremony led by the Vice President, His Excellency Senator Kashim Shettima, on the final day. Government actors from across the six regions will be recognized for their contributions to SME development through reforms, financial investments, targeted infrastructure, and other developmental contributions. Interested participants can register to attend the event at https://www.smedan.gov.ng/msmeconference.

Summary of President Tinubu's Nationwide Address: * Fuel subsidy removal is necessary. *Commiserates with victims' families over the death of their loved ones. * Urge protesters to stop the protest. * Economy remains anemic. * Bulk stops with him. * Aggregate revenue has doubled to N9.1trn in H1 2024. * Productivity gradually increasing in the non-oil sector. * Revenue to debt-service reduced to 68% in the last 13months from 97%. * Cleared legitimate $5bn forex backlogs. * Moves resulted in spending more money on Nigerians. *States are receiving record high monies ever. * Increased oil production to 1.6mbpd * Investors are coming back. * $500m foreign investment signed. * CNG launched, to reduce transport cost by 60%. * 1million conversion kits to be distributed at little or no cost. *To date, N45.6bn student loan processed to students and schools. * Established N200bn consumer credit scheme. * Ordered the release of N50bn each for NELFUND, Consumer credit from crime proceeds from EFCC. * Secured $620m for I-DICE for digital skills. * Introduced Skill-Up program * N570bn released to States for livelihoods support. * 600,000 nano businesses have benefitted from nano grants, additional 400k businesses to benefit. * 10 MSMEs built so far, more hubs to be built, 240,000 jobs. * N1bn each made to big manufacturers at single digit interest rate. * To launch renewed hope housing estates, to create jobs and stimulate the economy. * Directed tariffs be removed on rice, other foods and medicines. * Distributed fertilizers. * To cultivate more than 10m hectares of land to raise food production. * Mechanized equipment on the way * A lot of work has gone on to stabilize the economy. * The Govt is working to improve National infrastructure. * Let nobody misinform you that the Govt does not care about you. * We are in a new era of renewed hope * The results will soon be feasible to see and feel and enjoy * The economy is recovering * Don't shut out the oxygen * Security agencies should continue to maintain peace and order within the human rights convention * Let's choose hope over fear, unity over division, progress over stagnation * Let no one use you to set us back