The National Chairman of the Nigerian Institute of Mining, Metallurgy and Materials Engineers (NI3ME), Abdulrahman Salawu, has called for urgent action to reduce Nigeria's overreliance on oil by harnessing the untapped potential of the solid minerals … Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader NI3ME urges shift from oil dependence to solid minerals for sustainable growth By Busola Bamidele on July 2, 2025 The National Chairman of the Nigerian Institute of Mining, Metallurgy and Materials Engineers (NI3ME), Abdulrahman Salawu, has called for urgent action to reduce Nigeria's overreliance on oil by harnessing the untapped potential of the solid minerals and metals sectors. Speaking at a recent conference, Salawu emphasised that Nigeria's long-term economic prosperity depends on bold moves to diversify its economy. "By developing the metals and solid minerals sectors, we can boost employment, improve living standards, and create opportunities in other critical industries such as agriculture, manufacturing, and tourism," he said. Read also: NI3ME urges shift from oil dependence to solid minerals for sustainable growth NFIB pushes for permanent 20% tax deduction to secure growth for U.S. small businesses FG backs 2025 West Africa Industrial summit set to hold in Lagos Widows empowered with agribusiness skills as part of UN International Widows' Day Ekiti state pushes investment reforms to attract more small businesses He noted that the goal of the conference was to map out a sustainable path to achieving this transformation. The event had in attendance representatives of key stakeholders, including the Minister of Solid Minerals Development, Oladele Alake, who was represented by Olusegun Ige, Director-General of the Nigerian Geological Agency, and the National President of the Nigerian Society of Engineers (NSE), Margaret Oguntala, represented by Oluwatoyin Ashiru. Salawu's call aligns with growing advocacy for inclusive industrial development that benefits small businesses and reduces the nation's vulnerability to oil price shocks.

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The National Federation of Independent Business (NFIB) is making a strong push in the 119th Congress for the One Big Beautiful Bill Act, a vital piece of legislation that could deliver long-term tax relief for over 33 million small businesses across the… Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader NFIB pushes for permanent 20% tax deduction to secure growth for U.S. small businesses By Abimbola Akomolafe on July 2, 2025 The National Federation of Independent Business (NFIB) is making a strong push in the 119th Congress for the One Big Beautiful Bill Act, a vital piece of legislation that could deliver long-term tax relief for over 33 million small businesses across the United States. At the heart of this bill is the permanent extension of the 20% Small Business Deduction, originally introduced in the 2017 tax reform. This deduction is currently set to expire at the end of 2025, and without legislative action, many small business owners could face significant tax hikes—directly impacting their ability to reinvest, hire, or expand. According to Adam Temple, NFIB's Senior Vice President for Advocacy, making this deduction permanent is essential for protecting Main Street businesses from rising tax burdens and economic uncertainty. "It's a major win for small business owners who are working hard to grow their operations and support their communities," he said. For SMEs, the benefits of this legislation are clear: Greater financial predictability for planning and investment More resources to hire staff, upgrade infrastructure, and scale services Support for long-term sustainability in an evolving economic environment Read also, NFIB pushes for permanent 20% tax deduction to secure growth for U.S. small businesses FG backs 2025 West Africa Industrial summit set to hold in Lagos Widows empowered with agribusiness skills as part of UN International Widows' Day Ekiti state pushes investment reforms to attract more small businesses Nigeria shifts gears as new EV bill powers up local business opportunities If passed, the Act would create a more stable tax landscape for small businesses, enabling them to focus on growth instead of navigating uncertain financial terrain. However, the road to passage may be challenging. The bill must move through a divided Congress where political gridlock could stall or dilute its impact. Small business owners are encouraged to stay informed and engaged. The NFIB is urging business owners to reach out to lawmakers, showing support not just for the main bill, but also for related amendments such as the Graham substitute to H.R. 1, which reinforces small business tax protections. With over 30 million businesses at risk of increased tax obligations, the stakes are high. For SMEs, now is the time to advocate for policies that protect their growth potential, ensure fair taxation, and promote economic resilience. In summary, the One Big Beautiful Bill Act offers a critical opportunity for America's small businesses to secure lasting tax relief and long-term growth. By staying informed and active in the conversation, SMEs can help shape a more supportive legislative environment that works for entrepreneurs and job creators across the country.

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The Federal Ministry of Industry, Trade and Investment has officially endorsed the 2025 edition of the West Africa Industrialisation, Manufacturing and Trade (IMT) Summit, scheduled to take place from Tuesday, October 21 to Thursday, October 23 in Lagos… Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader FG backs 2025 West Africa Industrial summit set to hold in Lagos By Busola Bamidele on July 2, 2025 The Federal Ministry of Industry, Trade and Investment has officially endorsed the 2025 edition of the West Africa Industrialisation, Manufacturing and Trade (IMT) Summit, scheduled to take place from Tuesday, October 21 to Thursday, October 23 in Lagos. Themed "accelerating west africa's sustainable industrial revolution for economic prosperity," the summit aims to drive conversations and collaboration around strengthening the region's manufacturing base and boosting trade. Minister of State for Industry, Trade and Investment, Senator John Owan Enoh, confirmed the ministry's full support for the summit, describing it as a timely initiative to advance regional economic development. "The ministry formally endorses and consents to collaborate with dmg Nigeria events in the successful organisation of the summit and exhibition," he said, adding that the government appreciates efforts geared towards promoting industrial growth across West Africa. In response, Wemimo Oyelana, Country Director – Nigeria & Portfolio Director – Energy for dmg Nigeria events, said the endorsement represents a key milestone for the summit and for the region. "It validates the strategic importance of this maiden edition and reinforces our joint commitment to boosting local manufacturing, increasing trade, and attracting investment into West Africa," she said. The summit is expected to bring together industry leaders, policymakers, SMEs, and investors to explore pathways for sustainable industrial growth and trade expansion across the region.

SMALL BUSINESS INSIGHTS © 2025. Unsubscribe or manage your email subscriptions. 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