During his two-day operational visit to the region, Defense Minister Mohammed Badaru praised the dedication of the military personnel in protecting Kaduna State, especially along the Kaduna/Birnin Gwari road.

He said, “In the last six months, we haven’t recorded any cases of kidnappings or civilian ambushes, aside from a few engagements with bandits,” He commended the troops for their unwavering commitment and resilience, which have contributed to significant enhancements in security within Birnin Gwari.

The minister highlighted that the purpose of his visit was to uplift the spirits of the troops, evaluate their operational capabilities, and reinforce ongoing strategic collaboration to support peace and stability.

He added, “Security is the foundation of growth, and your efforts are vital to Nigeria’s future. We must secure a peaceful nation for future generations.”

The National Council for Traditional Rulers (Establishment) Bill, 2024 (SB 546) has passed for its first reading. This was introduced by Senator Simon Bako Lalong from Plateau South.

The council shall perform the following functions:
1.Designate as Advisers to Federal Government/State Government
•traditional land disputes/ownership
•Federal Government/State Government on proposed development plans for Nigeria/State on security matters as they see them from grassroot perspectives;
2.Undertake an evaluation of traditional customs and usages with advising on and enhancement on our cultural heritage;
3.Advising on religious matters;
4.Promoting/involve on issues of Arts and culture;
5.Promoting and expressing opinions on any matter which it deems
6.Be and integral part of boundary disputes as may be required of the council;
7.Assisting in the mobilization of human and material resources towards self-reliance and welfare of the people of Nigeria; and Carrying out such other functions as the President of the Federal

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The Agriculture Minister predicts a significant decrease in food prices within the next 6 months.

FG announces a 150-day duty-free import window for food commodities.

The Minister of Agriculture and Food Security, Sen Abubakar Kyari, revealed on Wednesday that there is anticipation for a substantial decrease in food prices over the next 180 days.

He said: “Our administration has unveiled a series of strategic measures aimed at addressing the high food prices currently affecting our nation. These measures will be implemented over the next 180 days;

“150-Day Duty-Free Import Window for Food Commodities

“Suspension of duties, tariffs, and taxes for the importation of certain food commodities through land and sea borders. These commodities include maize, husked brown rice, wheat, and cowpeas.

“Imported food commodities will be subjected to a Recommended Retail Price (RRP). We understand concerns about the quality of these imports, especially regarding their genetic composition. The government assures that all standards will be maintained to ensure the safety and quality of food items for consumption.

“The Federal Government will import 250,000 metric tons of wheat and 250,000 metric tons of maize. These semi-processed commodities will be supplied to small-scale processors and millers across the country.

“Engagement with relevant stakeholders to set a GMP and purchase surplus food commodities to restock the National Strategic Food Reserve.

“Ramp-Up of Production for the 2024/2025 Farming Cycle

“Continued support to smallholder farmers during the ongoing wet season farming through existing government initiatives; Strengthening and accelerating dry season farming nationwide;

“Embarking on aggressive agricultural mechanization to reduce drudgery, lower production costs, and boost productivity.

“Collaborating with sub-national entities to identify irrigable lands and increase land under cultivation; Working closely with the Federal Ministry of Water Resources and Sanitation to rehabilitate and maintain irrigation facilities under river basin authorities across the federation.

“Enhancement of Nutrition Security.
Promoting the production of fortified food commodities.

“Supporting the scale-up of the Home Garden Initiative by the Office of the First Lady of the Federal Republic of Nigeria.

“Over the next 14 days, in close collaboration with the Presidential Food Systems Coordinating Unit (PFSCU) and the Economic Management Team (EMT), we will convene with respective agencies to finalize the implementation frameworks. We will ensure that information is publicly available to facilitate the participation of all relevant stakeholders across the country.”

“Developing strategic engagement for youth and women for immediate greenhouse cultivation of horticultural crops such as tomatoes and pepper to increase production volume, stabilize prices, and address food shortages; Fast-tracking ongoing engagements with the Nigerian Military to rapidly cultivate arable lands under the Defence Farms Scheme and encouraging other para-military establishments to utilize available arable lands for cultivation.

“Renewed Hope National Livestock Transformation Implementation Committee; This committee has been inaugurated on Tuesday, July 9, 2024, to develop and implement policies prioritizing livestock development in alignment with the National Livestock Transformation Plan, and a ministry of Livestock Development has been created.”

The Agriculture Minister predicts a significant decrease in food prices within the next 6 months.

FG announces a 150-day duty-free import window for food commodities.

The Minister of Agriculture and Food Security, Sen Abubakar Kyari, revealed on Wednesday that there is anticipation for a substantial decrease in food prices over the next 180 days.

He said: “Our administration has unveiled a series of strategic measures aimed at addressing the high food prices currently affecting our nation. These measures will be implemented over the next 180 days;

“150-Day Duty-Free Import Window for Food Commodities

“Suspension of duties, tariffs, and taxes for the importation of certain food commodities through land and sea borders. These commodities include maize, husked brown rice, wheat, and cowpeas.

“Imported food commodities will be subjected to a Recommended Retail Price (RRP). We understand concerns about the quality of these imports, especially regarding their genetic composition. The government assures that all standards will be maintained to ensure the safety and quality of food items for consumption.

“The Federal Government will import 250,000 metric tons of wheat and 250,000 metric tons of maize. These semi-processed commodities will be supplied to small-scale processors and millers across the country.

“Engagement with relevant stakeholders to set a GMP and purchase surplus food commodities to restock the National Strategic Food Reserve.

“Ramp-Up of Production for the 2024/2025 Farming Cycle

“Continued support to smallholder farmers during the ongoing wet season farming through existing government initiatives; Strengthening and accelerating dry season farming nationwide;

“Embarking on aggressive agricultural mechanization to reduce drudgery, lower production costs, and boost productivity.

“Collaborating with sub-national entities to identify irrigable lands and increase land under cultivation; Working closely with the Federal Ministry of Water Resources and Sanitation to rehabilitate and maintain irrigation facilities under river basin authorities across the federation.

“Enhancement of Nutrition Security.
Promoting the production of fortified food commodities.

“Supporting the scale-up of the Home Garden Initiative by the Office of the First Lady of the Federal Republic of Nigeria.

“Over the next 14 days, in close collaboration with the Presidential Food Systems Coordinating Unit (PFSCU) and the Economic Management Team (EMT), we will convene with respective agencies to finalize the implementation frameworks. We will ensure that information is publicly available to facilitate the participation of all relevant stakeholders across the country.”

“Developing strategic engagement for youth and women for immediate greenhouse cultivation of horticultural crops such as tomatoes and pepper to increase production volume, stabilize prices, and address food shortages; Fast-tracking ongoing engagements with the Nigerian Military to rapidly cultivate arable lands under the Defence Farms Scheme and encouraging other para-military establishments to utilize available arable lands for cultivation.

“Renewed Hope National Livestock Transformation Implementation Committee; This committee has been inaugurated on Tuesday, July 9, 2024, to develop and implement policies prioritizing livestock development in alignment with the National Livestock Transformation Plan, and a ministry of Livestock Development has been created.”

Display optical films Market Key Players Analysis, Opportunities and Growth Forecast to 2031

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The segment-based research aims to provide customers with an in-depth examination of the opportunities and challenges facing businesses in the Display optical films market. It provides precise future estimates together with a thorough coverage of the major issues affecting the organization. Based on objective market situation coverage, investors may make well-informed selections.

The Display optical films market research study guides organizations on market economics by identifying market size, revenue potential, and total market share. The company needs to comprehend its clientele and the demand it creates to focus on a smaller selection of items. Through this chapter, market size assists businesses in estimating demand in specific marketplaces and comprehending projected patterns for the future.

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A Comprehensive Dive into Display optical films Market Dynamics: In Display optical films market analysis, The Insight Partners team of seasoned experts conducts an exhaustive analysis of the current state of the Display optical films market. The report delves into key trends, challenges, and growth prospects, providing stakeholders with a 360-degree view of the market dynamics. By focusing on the broader market landscape, the report equips businesses with the knowledge needed to make informed decisions in an increasingly complex environment.

Pioneering Insights and Future Trends: What sets our research report apart is its commitment to delivering pioneering insights. The report goes beyond traditional market analyses, providing a forward-looking perspective on emerging Display optical films market trends that are poised to shape the future of the Display optical films market. By anticipating shifts and innovations, businesses can proactively position themselves to capitalize on new opportunities and navigate potential challenges.

Unraveling the Competitive Landscape: One of the key strengths of our report lies in its detailed assessment of the competitive landscape. The report identifies and analyzes key players in the Display optical films market, offering valuable insights into their strategies, Display optical films market size, and potential areas for differentiation. This comprehensive understanding enables businesses to benchmark their performance, identify strategic partnerships, and stay ahead in a competitive marketplace.

Consumer-Centric Analysis: Understanding consumer behavior is a cornerstone of successful business strategies. Display optical films Market forecast incorporates a detailed analysis of consumer trends, preferences, and purchasing patterns. By unraveling the intricacies of consumer behavior, businesses can tailor their offerings to meet evolving customer needs, enhancing customer satisfaction and loyalty.

On the Basis of type this market is categorized further into-
Polarizing Film
Backlight Unit Film (BLU)
ITO Film
On the Basis of function this market is categorized further into-
Display Surface Films
Brightness enhancement films (BEF)
Reflective polarizer films (DBEF)
Backlight reflector films (ESR)
Light control/privacy films (ACLF)
On the Basis of application this market is categorized further into-
Televisions
Desktop Monitors and Laptops
Smartphones and Tablets
Signage/Large Format Display
Automotive Display
Others
Key regions Display optical films Market Research Report:

North America (U.S., Canada, Mexico)
Europe (U.K., France, Germany, Spain, Italy, Central & Eastern Europe, CIS)
Asia Pacific (China, Japan, South Korea, ASEAN, India, Rest of Asia Pacific)
Latin America (Brazil, Rest of Latin America)
The Middle East and Africa (Turkey, GCC, Rest of the Middle East and Africa)
Rest of the World

Author’s Bio:
Mahesh Lature
Senior Market Research Expert at The Insight Partners

4 Interventions to fire up Nigeria’s MSMEs by SMEDAN

Small And Medium Enterprises Development Agency of Nigeria (SMEDAN) is putting up four major programmes in efforts to grow the sector into global competitiveness.

A first is to commission five Common Facility Centres for garment making, furniture making, autotech and packaging.

The centres are meant to bring together workers involved in similar sectors to share facilities at subsidized costs.

According to SMEDAN Director-General and chief executive officer Dr.Olawale Fasanya, the centres remove the burden of processing machines, workspace, skilled manpower and electricity, which account for very high operating costs for MSMEs.

He announced the efforts at a press conference to mark the UN World MSME Day in Abuja.

Pilots of the centres are in Abuja, Lagos, Kaduna, Nnewi and Katsina.

“The Agency is seeking partnerships with both the public and private sectors to provide the needed enabling environment for our 39.6 million MSMEs to become globally competitive,” said Fasanya.

An ongoing partnership with commercial banks targets Sterling Bank, First Bank and Jaiz Bank as well as the Nigerian Incentive Risk-Based Agricultural Lending (NIRSAL).

The partnership is implement measures to reduce the bottlenecks associated with accessing funding windows that is critical to business growth.

“The partnership seeks to deepen the reach of the Agency’s Matching Fund initiative,” explained Fasanya.

An initiative to establish a microfinance bank has been concluded. The bank is to attend to the peculiar funding demands of “nano and micro entrepreneurs” that account for more than 90% of MSMEs in Nigeria.

“These huge number of practicing MSMEs are largely informal requiring tailored services that can transit them from their informal status to becoming formal and structured,” said Fasanya.

“We are also deepening our interventions and supports towards the sustainable development of MSMEs across the States.

“I am glad to report that more than 250,000 direct and indirect beneficiaries have been impacted through some of our flagship programs such as the One-Local-Government-One-Product, Conditional Grant Scheme and National Business Skills Development Initiative.

“The latest Annual Impact Assessment report showed that more than 46% of beneficiaries of the Agency’s programs have been able to generate extra employments, had access to more funding opportunities and have shown verifiable evidence of increased turnover and markets.

The agency has secured key details of more than 3 million MSMEs in its MSME mass registration database. It will continue to update the database and ensure up to 50% of the total MSMEs in Nigeria are fully captured by the end of 2023 in conformity with the Data Compliance Standards.

“Other programs of the Agency that have made significant contributions to the inclusive development of the MSME sector include the Accreditation of the Business Development Service Providers, MSMEs Export Facilitation program in partnership with NEPC and Business Development Service Providers.

“All these interventions have increased the capacities of various categories of MSMEs by more than 30% within the first two years of benefitting from the programme.

Why the interest in MSMEs?

The United Nations recgonises the significant role that MSMEs play globally to national socio-economic wellbeing, so much so it declared June 27 the World MSME Day.

MSME community have helped in realizing the Sustainable Development Goals (SDGs) objectives by being responsible for up to 90% of businesses, 60% to 70% of employments and contributing up to half of the global GDP.

Specifically in Nigeria, MSMEs contribute over 59 million jobs as at 2021 (over 84% of the total labour force in Nigeria) and more than 48% to the country’s nominal GDP, according to a report by SMEDAN and the National Bureau of Statistics in 2021.

Programmes to grow MSMEs

The Talent Hunt, with special focus on identifying special skills and converting talents into enterprise lines.

“We are very aware of the creative minds of Nigeria’s young populace that account for about 68% of our population,” said Fasanya.

“We have over the years been able to nudge creative entrepreneurs in the areas of ICT, Fashion, Movie production and metal fabrication.”

Each participant gets their capacities built in enterprise management and intellectual property laws while the first 3 winners in each states gets varying degrees of grants.

The agency is levering on key and active business membership organisations to build their capacities and support them in achieving their objectives.

Several BMOs cut across sectors, gender and regions—and provide advocacy channel for members.

SMEDAN has over time supported over 200 BMOs with tailored capacity building, funds and linkages to several interventions of Government.

SMEDAN has charge for 23 industrial development centres, but is repurposing them into Common Facility Centres, workspace, innovation hubs and cluster parks.

“The IDCs provide an unexploited opportunity for addressing the key challenges that have over time limited the development of the MSME sub-sector,” said Fasanya.

“The Agency is willing and ready to enter into partnership to repurpose some of the IDCs.”

Opportunity Fairs and International Fairs is the agency’s route to open more competitive local and global markets.

Nigeria’s MSMEs contribute only 6.2% of its export.

The fairs are a means to strategically dominate huge market opportunities that exist within the West African corridors while also connecting to the AfCFTA initiative,” said Fasanya.

“I can clearly report that more than 160 MSMEs have benefitted from the Agency’s sponsored trade fair visits to the Gambia, Uganda and other West African nations.

“Also, more than 120 MSMEs have benefitted from the Agency facilitated trade visits to China and other emerging economies in Asia.

Mindshift and Tertiary Institutions Entrepreneurship Development Programs aims to create young entrepreneurs right from school, both secondary and tertiary.

It aims to address high unemployment rate in Nigeria, put at 41%.

More than 5,000 teachers have participated in the Training of Trainers organized across the country.

Women In Self Employment program (WISEP) focuses on reducing the drudgery associated with agribusiness. SMEDAN run the programme in line with the global efforts to ensure gender balance and to maximize the entrepreneurship abilities of the female gender.

The program is essentially delivered through Cooperatives.

Said Fasanya: “There are several other programs and initiatives of the Agency put in place not just to generate income for the owners but also to make significant contributions to our national GDP, create employments, reduce social vices and reduce poverty. Some of these other programs include Agribusiness Development and Empowerment Program, Products and Marketing Enhancement Schemes, Textile and Garment Supports.”

There is need for emerging economies such as Nigeria to attach importance to the wholesome development of the most important sector of the economy.

“The resources required to achieve this feat I believe is largely available,” said Fasanya.

“In line with the theme of this year’s celebration, ‘Building a Stronger Future Together’, now is the best time for every stakeholder within the MSME space to be deliberate in helping to create the much-needed enabling environment to allow our MSMEs to be more competitive.

APAC Is the Dominating Smart Light Fixture and Control Market


The smart light fixture and control market was valued at $52,047 million in 2021, and it is set to reach $152,029 million by 2030, growing at a CAGR of 12.6% between 2021 and 2030, according to a research report by a market research company P&S Intelligence. This growth can be ascribed to the dropping of average retailing price of LED bulbs credited to the growing production efficiency and reduced material prices.

Furthermore, the emerging problem of the energy crisis is forcing governments and people to shift toward smart lights, which can reduce the consumption of electricity.

The smart lighting industry is already popular in developed countries and is projected to grow significantly in developing countries also in the years to come. As the government has taken several initiatives to encourage the use of smart lights to reduce energy consumption.

LED lights will dominate the smart light fixture market in the future. This can be credited to the several benefits of this technology, including its low costs and better illumination effectiveness than traditional lights.

The smart light control is a network of numerous lighting fixtures linked together to control smart systems. The industry is growing mainly because of the increased pace of technological enhancement and continuous development in smart controls.

With the usage of dependable procedures and distributed control systems, controllers provide significant lighting functionality and customer value, performance, and energy effectiveness.

In 2021, the offline channel category held the larger share, mainly because instructions for installations for light fixtures are offered in detail by the salesman, helps in choosing high-quality items.

APAC held the largest share of approximately 40% in the past. This can be ascribed to the increasing initiatives by the governments of developing economies to encourage the usage of energy-efficient lights.

In addition, to draw customers' attention, key players are spending heavily on advertising their products in hospitals, schools, malls, salons, and other public places, also the rising acceptance of smart cities is contributing to the growth of the demand for energy-saving products like LED lights.

Moreover, the per-capita income of people is on the rise, which encourages them to switch to high-tech systems, propelling the demand in the region.

North America held a significant revenue share in the past, in which the U.S. dominated the region, due to the growing requirement for wireless lighting fixtures. The major benefits of these products include programming flexibility, energy efficiency, extended lifespan, and long-distance control are motivating the leading companies in the region to produce wireless lighting fixtures.

The dropping average retailing price of LED bulbs and several government initiatives to encourage the use of these lights will drive the demand for smart light fixture and control systems.

Read More: https://www.psmarketresearch.com/market-analysis/smart-light-fixture-and-control-market