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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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The Minister of Power, Adebayo Adelabu, has revealed that the federal government intends to allocate $800 million for the establishment of substations and distribution lines as part of the Presidential Power Initiative. This was disclosed in a statement released by the ministry on Sunday. The minister revealed this information while on a tour of the TBEA Southern Power Transmission and Distribution Industry in Beijing, China, as stated in the announcement. The Minister announced that funding will be assigned for the development of substations associated with Lot 2, as well as for substations and distribution lines related to Lot 3, with a total of $400 million allocated to each lot. Lot 2 encompasses the franchise regions of the Benin, Port Harcourt, and Enugu Distribution Companies (DISCOs). In contrast, Lot 3 pertains to the franchise areas of the Abuja, Kaduna, Jos, and Kano DISCOs. He said, “When this administration came in last year, we inherited around 4 gigawatts (4,000 megawatts) of power, but within a year, we achieved a milestone of 5,170 megawatts, adding about 1,000 megawatts of power within the first year. It may seem small, but compared to the country’s history, this is commendable. “Our plan is to achieve 6,000 megawatts of power by the end of the year through a combination of hydroelectric power plants and gas-fired power plants. We are also targeting 30 gigawatts of power to be generated, transmitted, and distributed by 2030, with 30 per cent of that being renewable energy.” “If we assess the strength, capacity, and age of our existing network on the national grid, it is clear that it cannot adequately support our vision for the power sector. Hence, the need for the construction of the Western and Eastern super grids. “Although we have been working on this since I assumed office, I can also confirm that the President fully supports this initiative because it will improve our transmission network, stabilise the grid, and expand the capacity and flexibility of the national grid.”

NCC Sets September 14, 2024, as Final Deadline for Compliance with NIN-SIM Linkage. In statement released by Reuben Muoka, NCC Director, Public Affairs. He stated, “The Nigerian Communications Commission (NCC) is pleased to announce significant progress in the Federal Government’s 2020 policy to link all Subscriber Identification Modules (SIMs) to National Identity Numbers (NINs). To date, over 153 million SIMs have been successfully linked to a NIN, reflecting an impressive compliance rate of 96 per cent, a substantial increase from 69.7 per cent in January 2024. “As we approach the final phase of this critical process, the NCC seeks the continued cooperation of all Nigerians to achieve 100 per cent compliance. The complete linkage of all SIM cards to NINs is essential for enhancing the trust and security of our digital economy. By verifying all mobile users, this policy strengthens confidence in digital transactions, reduces the risk of fraud and cybercrime, and supports greater participation in e-commerce, digital banking, and mobile money services. This, in turn, promotes financial inclusion and drives economic growth. “Through collaboration with the Office of the National Security Adviser (ONSA) and the National Identity Management Commission (NIMC), the NCC has uncovered alarming cases where individuals possessed an unusually high number of SIM cards—some exceeding 100,000. The Commission also remains committed to working with security agencies and other stakeholders to crack down on the sale of pre-registered SIMs, thereby safeguarding national security and ensuring the integrity of mobile numbers in Nigeria. “To ensure full compliance with the NIN-SIM linkage policy, the NCC has directed all Mobile Network Operators (MNOs) to complete the mandatory verification and linkage of SIMs to NINs by September 14, 2024. “Effective September 15, 2024, the Commission expects that no SIM operating in Nigeria will be without a valid NIN. “We urge all members of the public who have not yet completed their NIN-SIM linkage or who have faced issues due to verification mismatches to visit their service providers promptly to update their details before the deadline. Alternatively, the approved self-service portals are available for this purpose. “The NCC also reminds the public that the sale and purchase of pre-registered SIMs are criminal offences punishable by imprisonment and fines. We encourage citizens to report any such activities to the Commission via our toll-free line (622) or through our social media platforms. “The Commission thanks the general public for its continued cooperation as we work together to strengthen Nigeria’s digital ecosystem.”

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Mandate Secretary for the newly established Youth Development Secretariat in Federal Capital Territory Administration (FCTA), Mr Abdullahi Suleiman Ango has thrown his weight behind Ayema Social Media App. The Mandate Secretary, who received the Founder/CEO, Ayema Networks Ltd, Mr Yusuf Shuaib in his office was proud that a Nigerian youth could come with such innovation that benefit the teaming youths thereby creating means of livelihood for Nigerians. Highlights of the app was given to include connecting family and friends, monetization via the app for all users, SME platform, Article writing etc. Ayema social media app is a new revolution for the youths. Mr Abdullah assured his total support for the app to succeed being an initiative of a Nigerian youth and to also bring the benefits of ICT to youths. Ayema is available on the play store and www.ayema.ng

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