The Nigerian Customs Service has intercepted illicit imports valued at over ₦921 billion, unveiling smuggling tactics that threaten legitimate small and medium enterprises (SMEs).Speaking in Apapa, Comptroller General Bashir Adewale Adeniyi revealed d… Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader Customs intercepts N921bn illicit imports, exposes threat to genuine SMEs By Busola Bamidele on May 1, 2025 The Nigerian Customs Service has intercepted illicit imports valued at over ₦921 billion, unveiling smuggling tactics that threaten legitimate small and medium enterprises (SMEs). Speaking in Apapa, Comptroller General Bashir Adewale Adeniyi revealed disturbing patterns, including the smuggling of unregulated sexual enhancement drugs disguised as cosmetics and common medicines. "These illegal activities undermine regulatory systems and endanger public health," he said. Customs findings show a growing trend of organized contraband involving pharmaceuticals, food items, and tech devices often from countries with weak export laws. Read also: Customs intercepts N921bn illicit imports, exposes threat to genuine SMEs Osun backs youth innovation to bridge digital gap, power tech economy NITDA, Makinde laud ICT, AI hub for driving digital inclusion Kaduna sets sights on Africa trade fair to woo investors South Korea moves to empower Nigerian SMEs with solar, EV, IT tech The seizure of 113 drones without end-user certificates also signals rising security concerns. Adeniyi noted that the consistent ₦140-145 million valuation per container indicates a structured black-market operation, placing genuine importers and SMEs at a competitive disadvantage. Experts warn that unchecked smuggling harms compliant businesses by distorting market prices, creating unfair competition, and weakening consumer trust in regulated products.

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The Osun State Government has pledged strong support for youth-driven digital innovation, aiming to transform the state into a tech and innovation hub.At the launch of the 2025 Osun Challenge Initiative, Commissioner for Innovation, Science and Technolo… Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader Osun backs youth innovation to bridge digital gap, power tech economy By Busola Bamidele on May 1, 2025 The Osun State Government has pledged strong support for youth-driven digital innovation, aiming to transform the state into a tech and innovation hub. At the launch of the 2025 Osun Challenge Initiative, Commissioner for Innovation, Science and Technology, Moroof Ayofe, emphasized the government's dedication to equipping young people with tools and resources to create digital solutions. "We're embracing modern technology to drive growth, improve lives, and open opportunities for all," Ayofe stated. Read also: Osun backs youth innovation to bridge digital gap, power tech economy NITDA, Makinde laud ICT, AI hub for driving digital inclusion Kaduna sets sights on Africa trade fair to woo investors South Korea moves to empower Nigerian SMEs with solar, EV, IT tech NFIU warns businesses against fake wire transfers Special Adviser Azeez Badmus highlighted Governor Ademola Adeleke's digital push, including investments in broadband, tech education, and open governance. He noted that these efforts are laying a solid foundation for a digitally inclusive and business-friendly Osun, enabling startups and SMEs to thrive. With innovation-friendly policies and digital infrastructure in place, Osun is positioning itself as a rising force in Nigeria's digital economy.

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The Director General of NITDA, Kashifu Inuwa Abdullahi, has described a newly commissioned ICT and AI centre in Oyo State as a strong step towards a digitally inclusive Nigeria, where citizens regardless of gender or status can access 21st-century digit… Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader NITDA, Makinde laud ICT, AI hub for driving digital inclusion By Busola Bamidele on May 1, 2025 The Director General of NITDA, Kashifu Inuwa Abdullahi, has described a newly commissioned ICT and AI centre in Oyo State as a strong step towards a digitally inclusive Nigeria, where citizens regardless of gender or status can access 21st-century digital tools and skills. Governor Seyi Makinde, speaking at the event, said Nigeria must shift from its heavy reliance on crude oil and focus on technology and innovation. "Coal was once a symbol of wealth, but today it's forgotten. Oil will soon follow. We need to invest in education, entrepreneurship, and digital capacity," he said. Read also: NITDA, Makinde laud ICT, AI hub for driving digital inclusion Kaduna sets sights on Africa trade fair to woo investors South Korea moves to empower Nigerian SMEs with solar, EV, IT tech NFIU warns businesses against fake wire transfers EU partnership brings business boost to Nigerian SMEs The First Lady of Oyo State, Tamunominini Makinde, and Chief Onikepo Akande both appreciated Senator Oluremi Tinubu for donating the centre, which aims to empower women and youth with ICT skills to enhance education, support families, and participate in the global economy.

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