The number of Nigerians benefiting from the Federal Government's cash transfer programme under the National Social Safety Net Programme-Scale Up has reached 32.21 million as of January 2025, according to a World Bank report.The programme, aimed at pro… Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader FG's cash transfer beneficiaries rise to 32.21 million – Word Bank By Busola Bamidele on February 2, 2025 The number of Nigerians benefiting from the Federal Government's cash transfer programme under the National Social Safety Net Programme-Scale Up has reached 32.21 million as of January 2025, according to a World Bank report. The programme, aimed at providing financial relief to low-income households, saw an increase from 30.35 million beneficiaries in June 2024. Women make up a significant portion, with 28.55 million female recipients. Read also: FG's cash transfer beneficiaries rise to 32.21 million – Word Bank P-CNGI, private firms to boost local business with CNG kit  Farmers seek support as rising transport costs worsen food inflation SMEDAN empowers SMEs for export growth through national single window reform Lagos backs 150 agropreneurs with Fish farming support Additionally, the Economic Shock Responsive Cash Transfer now supports 5.39 million households, while 1.51 million households benefit from the Extended Regular Cash Transfer. To enhance security and transparency, the CBN mandated NIN or BVN verification for all beneficiaries since March 2024. The National Social Safety Net Coordinating Office (NASSCO) partnered with the National Identity Management Commission to validate identities and strengthen the social register. Despite progress, the World Bank rated the programme's implementation as "moderately satisfactory," citing challenges such as policy shifts, leadership changes, and macroeconomic risks.

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The Presidential Compressed Natural Gas Initiative (P-CNGI) has announced plans to collaborate with private firms to establish a manufacturing park for Compressed Natural Gas (CNG) kits in Ajaokuta, Kogi State. This initiative aims to boost local conten… Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader P‑CNGI, private firms to boost local business with CNG kit  By Busola Bamidele on February 2, 2025 The Presidential Compressed Natural Gas Initiative (P-CNGI) has announced plans to collaborate with private firms to establish a manufacturing park for Compressed Natural Gas (CNG) kits in Ajaokuta, Kogi State. This initiative aims to boost local content and enhance Nigeria's gas sector. P-CNGI Programme Director, Michael Oluwagbemi, revealed this at the inauguration of five mini Liquefied Natural Gas (LNG) plants in Ajaokuta. The plants, spearheaded by the Nigerian National Petroleum Company Limited (NNPC Ltd.) and its private partners, will produce a combined 97 million standard cubic feet of gas per day, advancing the Federal Government's Gas Revolution Agenda (GRA). Read also: P-CNGI, private firms to boost local business with CNG kit  Farmers seek support as rising transport costs worsen food inflation SMEDAN empowers SMEs for export growth through national single window reform Lagos backs 150 agropreneurs with Fish farming support Nigeria's Agriculture Minister calls for shift from food production to wealth creation Oluwagbemi highlighted Kogi State's strategic position, bordering 10 states, as an advantage for efficient gas distribution. He also noted that P-CNGI has established over 190 CNG conversion centres and 56 retail outlets, with plans to increase these figures to 500 and 150, respectively, by year-end. The newly launched LNG plants—NNPC Prime LNG, NGML/Gasnexus LNG, BUA LNG, Highland LNG, and LNG Arete—will produce Condensate, LNG, Liquefied Petroleum Gas (LPG), and CNG, leveraging Kogi's natural gas resources and the Ajaokuta-Obajana pipeline.

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Despite efforts to boost agricultural productivity, Nigeria's food inflation remains high at 39.93%. Rising transportation costs, largely due to fuel subsidy removal, have driven up food prices, further straining consumers.The President of the All Farme… Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader Farmers seek support as rising transport costs worsen food inflation By Busola Bamidele on February 2, 2025 Despite efforts to boost agricultural productivity, Nigeria's food inflation remains high at 39.93%. Rising transportation costs, largely due to fuel subsidy removal, have driven up food prices, further straining consumers. The President of the All Farmers Association of Nigeria (AFAN), Ibrahim, emphasized that high transport costs force farmers to raise prices to cover expenses. Read also: Farmers seek support as rising transport costs worsen food inflation SMEDAN empowers SMEs for export growth through national single window reform Lagos backs 150 agropreneurs with Fish farming support Nigeria's Agriculture Minister calls for shift from food production to wealth creation EU supports Eurocham Nigeria with €300,000 grant for growth He urged the government to address fuel costs and invest in infrastructure to ease logistics. The government's initiatives to equip farmers with essential tools are expected to improve rice production, potentially lowering prices and easing financial pressure on consumers. Stakeholders hope that with sustained support, the agricultural sector will stabilize food prices and enhance national food security.

SMALL BUSINESS INSIGHTS © 2025. Manage your email settings or unsubscribe. Get the Jetpack app Subscribe, bookmark, and get real‑time notifications - all from one app! Automattic, Inc. 60 29th St. #343, San Francisco, CA 94110