The Presidential Compressed Natural Gas Initiative (PCNGI) has signed a memorandum of understanding with LNG Arete Ltd to boost the use of compressed natural gas (CNG) in Nigeria's transport sector.Michael Olowagbemi, Program Director of PCNGI, said t… Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader Presidential CNG Initiative signs MoU with firm to expand gas-powered transport By sbinsights on April 6, 2025 The Presidential Compressed Natural Gas Initiative (PCNGI) has signed a memorandum of understanding with LNG Arete Ltd to boost the use of compressed natural gas (CNG) in Nigeria's transport sector. Michael Olowagbemi, Program Director of PCNGI, said the agreement aligns with President Bola Tinubu's push to make transportation more affordable by tapping into the country's abundant gas reserves. He noted that while Nigeria has substantial gas deposits in 30 states, a key challenge remains the effective distribution of gas to end users across the country. Read also Presidential CNG Initiative signs MoU with firm to expand gas-powered transport FG to establish more jewelry training centres to boost mining entrepreneurship NDDC releases N10bn to boost small business growth IMF endorses Nigeria's bold move to revolutionize trade Nigeria's private sector records fastest Job growth in even months Presidential CNG Initiative signs MoU with LNG Arete to expand gas-powered transport Olowagbemi said the partnership will help address this gap and extend access to cleaner, cheaper fuel for transport and industry, particularly in the northern region. The project, backed by a $12 million investment from LNG Arete, is expected to unlock additional funding and drive economic growth in sectors such as manufacturing, agriculture, and logistics. LNG Arete's Project Director, Hajara Pitan, thanked President Tinubu and other stakeholders for supporting the initiative and making the MoU possible.

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The Federal Government has pledged to establish more gemstone and jewelry-making centres across Nigeria to support small businesses in the mining sector and promote local value addition.Special Assistant to the Minister of Solid Minerals Development, Se… Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader FG to establish more jewelry training centres to boost mining entrepreneurship By sbinsights on April 6, 2025 The Federal Government has pledged to establish more gemstone and jewelry-making centres across Nigeria to support small businesses in the mining sector and promote local value addition. Special Assistant to the Minister of Solid Minerals Development, Segun Tomori, said the initiative is designed to enhance entrepreneurship and unlock export opportunities within the jewelry industry. During a visit to the Laurel School of Mining in Abuja, Minister Dr. Dele Alake praised the centre for its role in training artisans and producing high-quality jewelry that rivals international standards. Read also FG to establish more jewelry training centres to boost mining entrepreneurship NDDC releases N10bn to boost small business growth IMF endorses Nigeria's bold move to revolutionize trade Nigeria's private sector records fastest Job growth in even months Nigeria signs $175M deal with UNIDO to supercharge industrial growth, economic reforms He affirmed that more centres will be launched across the country once the 2025 budget is implemented, adding that value-added products like finished jewelry could become a key source of foreign exchange for the country. The school's Managing Director, Tope Adebanjo, thanked the ministry for its support and called for continued collaboration to fully equip mining entrepreneurs with the skills and tools needed to thrive. Dr. Alake welcomed the proposals and urged the centre to submit a detailed plan for further action.

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The Niger Delta Development Commission (NDDC) has disbursed N10 billion to the Niger Delta Chamber of Commerce, Industry, Trade, Mines and Agriculture (NDCCITMA) to kick-start an enterprise development initiative aimed at supporting small businesses acr… Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader NDDC releases N10bn to boost small business growth By sbinsights on April 6, 2025 The Niger Delta Development Commission (NDDC) has disbursed N10 billion to the Niger Delta Chamber of Commerce, Industry, Trade, Mines and Agriculture (NDCCITMA) to kick-start an enterprise development initiative aimed at supporting small businesses across the region. NDDC Managing Director, Dr. Samuel Ogbuku, made this known during the inauguration of NDCCITMA's board of directors in Port Harcourt, stating that the fund is part of a N30 billion commitment to promote entrepreneurship and economic development in the Niger Delta. Read also NDDC releases N10bn to boost small business growth IMF endorses Nigeria's bold move to revolutionize trade Nigeria's private sector records fastest Job growth in even months Nigeria signs $175M deal with UNIDO to supercharge industrial growth, economic reforms Empowering nigerians with digital skills for career success "We have approved 5,000 businesses to begin this initiative, and we're committed to growing the region through commerce and trade," Ogbuku said. He added that all NDDC contractors and vendors must register with NDCCITMA by July 31 to be considered for future opportunities. NDCCITMA Board Chairman, Mr. Idaere Ogan, pledged the chamber's full support, noting that the initiative would drive job creation, innovation, export growth, and sustainable partnerships within the regional economy.

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