The Ekiti State Government is intensifying efforts to grow the local economy and support small businesses through a ₦1 billion Cooperative Fund designed to provide affordable financing to cooperative societies and small-scale entrepreneurs. Commis… Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader Ekiti Govt unveils ₦1b to boost small businesses, drive economic growth By Busola Bamidele on July 3, 2025 The Ekiti State Government is intensifying efforts to grow the local economy and support small businesses through a ₦1 billion Cooperative Fund designed to provide affordable financing to cooperative societies and small-scale entrepreneurs. Commissioner for Finance and Economic Development, Mr. Akintunde Oyebode, announced the plan, stating that the fund will complement ongoing collaborations with financial institutions like Bosak Microfinance Bank and Access Bank, which are already aiding small business owners and women entrepreneurs across the state. Oyebode also highlighted a successful $1 million partnership with the U.S. African Development Foundation, which has supported 10 agricultural cooperatives. Notably, the Ode-Ekiti Cooperative has begun producing locally milled rice as a result. Read also: Ekiti Govt unveils ₦1b to boost small businesses, drive economic growth Oyo, MAN partner to improve haulage compliance, support small manufacturers Tems launches platform to empower young women in Africa's music industry Kogi State unveils ₦3.2 billion fertilizer initiative to boost productivity for  smallholder farmers Rising U.S. debt, falling dollar trigger global market concerns He emphasized the government's role in enabling value creators, stating that business growth leads to job creation, increased productivity, and higher revenue. Over ₦193 billion has been invested by the Oyebanji administration in infrastructure—including roads, healthcare, schools, and agriculture—to improve business efficiency. Speaking on recent engagements like the PEBEC Stakeholders' Forum, he praised EKDIPA for streamlining business processes and urged residents to stay hopeful and supportive, noting the administration's steady progress and future potential under Governor Oyebanji.

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The Oyo State Government has partnered with the Manufacturers Association of Nigeria (MAN) to sensitise members on proper haulage fee payments and strengthen support for small-scale manufacturers.The initiative, led by the Ministry for Investment, Trade… Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader Oyo, MAN partner to improve haulage compliance, support small manufacturers By Busola Bamidele on July 3, 2025 The Oyo State Government has partnered with the Manufacturers Association of Nigeria (MAN) to sensitise members on proper haulage fee payments and strengthen support for small-scale manufacturers. The initiative, led by the Ministry for Investment, Trade, Cooperatives, and Industry, was announced during a visit to MAN's Secretariat in Jericho, Ibadan. Commissioner Adeniyi Adebisi, represented by Permanent Secretary Olajide Okesade, said the partnership aims to drive sustainable industrial growth and fair revenue practices. Adebisi highlighted infrastructure upgrades—including improved roads and ongoing work at Ibadan Airport designed to make Oyo more attractive to investors. He also stressed the state's commitment to developing small-scale industries like Gari Oyo and turmeric processing for export, inviting MAN's support in identifying capable producers. Read also: Oyo, MAN partner to improve haulage compliance, support small manufacturers Tems launches platform to empower young women in Africa's music industry Kogi State unveils ₦3.2 billion fertilizer initiative to boost productivity for  smallholder farmers Rising U.S. debt, falling dollar trigger global market concerns Adamawa launches 300-hectare cluster farming pilot to drive agribusiness growth The state is working with the Nigerian Export Promotion Council (NEPC) and encourages MAN to join in promoting local products globally. Adebisi also assured manufacturers of fair tax policies and urged better data sharing for effective engagement. MAN representative Sebastine Shuiabu appreciated the government's industrial efforts, while Executive Secretary Nanzing Rimdan pledged collaboration to tackle infrastructure, financing, and regulatory issues. This partnership underscores a shared vision to support MSMEs and build a stronger industrial base in Oyo State. -

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