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.

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President Tinubu and Xi Jinping are set to sign five Memorandums of Understanding today. President Tinubu would Participate in strategic discussions with 10 chief executives from leading Chinese companies, whose combined assets under management exceed $3 trillion. These executives represent diverse industries, including information and communication technology, oil and gas, aluminum manufacturing, port development, financial services, and satellite technology innovation. President Tinubu will receive the distinguished honor of a 21-gun salute and will review the honor guard at the Great Hall. Following detailed briefings from several of his ministers and other important government officials, President Bola Tinubu is set to meet with Chinese President Xi Jinping today at various events, where they are expected to sign approximately five Memoranda of Understanding (MOUs). This will signify the official start of Tinubu's visit to the People’s Republic of China, beginning with a trip to the Great Hall of the People in Beijing, where he will be welcomed by Jinping. The President Tinubu will arrive at the Great Hall of the People, where he will be greeted with a guard of honour. He will also pay tribute to fallen heroes by laying a wreath and will receive a ceremonial 21-gun salute. The robust bilateral agreements between the two countries aim to concentrate on crucial sectors, such as the green economy, agricultural advancement, satellite technology innovation, development and promotion of media enterprises, blue economic growth, and collaborative national planning efforts. The meeting will serve as an important opportunity for the two leaders to engage in discussions on various shared interests, including economic collaboration, security at national, regional, and international levels, and other pressing global issues. Today, President Tinubu is anticipated to host a roundtable dinner with a select group of chief executive officers from Chinese companies at the China World Hotel in Beijing. As the Chairman of the ECOWAS Authority of Heads of State and Government, President Tinubu will participate alongside fellow African leaders at the FOCAC summit. On Thursday, he is set to deliver significant remarks representing the region, focusing on issues of shared importance between China and Africa. On the same Thursday, the president is scheduled to present an eight-minute address focusing on peace and security. He will also engage in a high-level plenary session dedicated to these issues, where he will provide insights on Nigeria’s viewpoint regarding the security challenges faced both regionally and across the continent.

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On Wednesday, Bello Matawalle, the Minister of State for Defence, announced that the Armed Forces of Nigeria needs an annual supply of 200 million rounds of ammunition to effectively carry out its operations and it will cost the government almost N600 Billion. He mentioned that this expense incurred by the government amounted to no less than $2 for each round of ammunition. The minister revealed this information while formalizing a memorandum of understanding among the Ministry of Defense, the Defence Industries Corporation of Nigeria, and the National Agency for Science and Engineering to set up an ammunition manufacturing facility in Nigeria. He said m, “We have been travelling all over the world, and we see how local manufacturers are developing their countries. Unfortunately, Nigeria, for 60 years,  has failed to build the institutions, but that has changed, and it will continue changing, inshallah. “Therefore, I make a promise to Mr President that as far as MOD, before the expiration of his four years, I assure him that DICON will be exporting its military capabilities. “Therefore, all we need from all of you is prayers and your dedication. “We shall look at it as our baby, not just for me, but for all of us. Of course, if today we are doing even 60 or 70% reductions of our military hardware and ammunition, how much the ministry or the military are spending every year? “The requirement of just the military is about 200 million rounds of ammunition per annum. Just military. Put together, other paramilitaries, the police, we’re looking at about 350 million rounds of ammunition per annum”.

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