The Major Energy Marketers Association of Nigeria (MEMAN) has emphasized that transitioning to a competitive, deregulated market is crucial for efficiency, transparency, and long-term economic growth. Speaking at its Q1 2025 press training and engage… Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader Energy marketers push for deregulated market to boost SME participation in oil and gas By sbinsights on March 27, 2025 The Major Energy Marketers Association of Nigeria (MEMAN) has emphasized that transitioning to a competitive, deregulated market is crucial for efficiency, transparency, and long-term economic growth. Speaking at its Q1 2025 press training and engagement in Lagos, MEMAN Chief Executive Clement Isong highlighted the need for patience and adaptation as Nigeria shifts away from a state-controlled system. He noted that a well-regulated, market-driven energy sector would attract investment, improve efficiency, and create new business opportunities—especially for SMEs involved in supply chain services, fuel retailing, and logistics. Read also Isong reaffirmed that the implementation of the Petroleum Industry Act (PIA) 2021 remains on track and encouraged continued discussions around Nigeria's evolving oil and gas market. He stressed the role of regulatory agencies, such as the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Federal Competition and Consumer Protection Commission (FCCPC), in ensuring market stability and consumer protection. The shift to deregulation presents significant opportunities for small businesses to participate in the energy value chain, from distribution to innovative service solutions in Nigeria's growing oil and gas sector.

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The Minister of Foreign Affairs, Yusuf Tuggar, has urged Airbus to establish a maintenance hub in Nigeria, emphasizing the need for localized investment beyond aircraft sales. Speaking during a tour of Airbus facilities in Spain, Tuggar highlighted N… Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader Nigeria seeks Airbus partnership to boost aviation SMEs, workforce development By sbinsights on March 27, 2025 The Minister of Foreign Affairs, Yusuf Tuggar, has urged Airbus to establish a maintenance hub in Nigeria, emphasizing the need for localized investment beyond aircraft sales. Speaking during a tour of Airbus facilities in Spain, Tuggar highlighted Nigeria's strategic role as a regional hub for aviation and security operations in Africa. He stressed that a maintenance hub would create business opportunities for small and medium enterprises (SMEs) in the aviation sector while fostering local workforce development. The minister also proposed training programs to equip Nigerian youth with technical skills, paving the way for future aircraft assembly and manufacturing in the country. Read also Airbus executives expressed interest in investing in Nigeria's aviation and defense sectors, with discussions focusing on partnerships that would drive local job creation and enhance the country's aviation infrastructure. This initiative aligns with Nigeria's broader goal of strengthening the aviation industry and creating new business opportunities for SMEs involved in aircraft maintenance, logistics, and support services.

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Key stakeholders from China and Nigeria have inaugurated Africa's first InfoValley Industry-Education Integration Park in Lagos, aiming to enhance skills development and industrial innovation for small and medium enterprises (SMEs). The initiative … Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader China-Nigeria partnership launches innovation hub to boost SME skills and industrial growth By sbinsights on March 27, 2025 Key stakeholders from China and Nigeria have inaugurated Africa's first InfoValley Industry-Education Integration Park in Lagos, aiming to enhance skills development and industrial innovation for small and medium enterprises (SMEs). The initiative seeks to merge vocational training with industry needs, equipping local businesses with technical expertise to compete in the evolving digital and industrial landscape. The event brought together industry leaders, educators, and government officials, emphasizing Nigeria's potential as a regional hub for industrial transformation. Read also Experts highlighted the importance of SMEs leveraging technology and vocational education to scale operations, enhance productivity, and expand trade across Africa. Deputy President of the Lagos Chamber of Commerce and Industry (LCCI), Engr. Leye Kupoluyi, stressed the need for knowledge-based economic development. "If we work together to improve skills in agriculture, infrastructure, and energy solutions, we can empower SMEs and drive sustainable growth," he said. With China's growing investment in Nigeria's industrial and educational sectors, the partnership is expected to create new opportunities for small businesses, helping them integrate into global supply chains and digital markets.

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