The Federal Government has revised its 2025 Gross Domestic Product (GDP) growth projection upward to 5%, from the earlier 4.6%, citing ongoing reforms and rising investor confidence. This contrasts with the International Monetary Fund's (IMF) forecast… Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader FG raises 2025 GDP growth target to 5% as PepsiCo expands investment By Busola Bamidele on August 21, 2025 The Federal Government has revised its 2025 Gross Domestic Product (GDP) growth projection upward to 5%, from the earlier 4.6%, citing ongoing reforms and rising investor confidence. This contrasts with the International Monetary Fund's (IMF) forecast of 3.4%. Minister of Finance, Wale Edun, disclosed this during the launch of PepsiCo's Cheetos plant in Lagos, where 90% of raw materials will be sourced locally. He noted that the project reflects President Bola Tinubu's industrialisation and job creation agenda. "This investment not only creates jobs but also positions Nigeria as a regional manufacturing hub," Edun said. Lagos Governor, Babajide Sanwo-Olu, lauded PepsiCo's collaboration with DP World, describing it as a boost for jobs, supply chains, and opportunities for local entrepreneurs. PepsiCo's General Manager, Felix Enwemadu, emphasized the company's commitment to community development, while DP World's Ajit Nair highlighted Nigeria as PepsiCo's most integrated market in West Africa.

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The Katsina State government has stepped up efforts to strengthen Micro, Small and Medium Enterprises (MSMEs) with fresh initiatives targeting market access, finance, and modern facilities.Speaking in Abuja, the pioneer director-general of the Katsina S… Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader Katsina boosts MSMEs with market access, finance, industrial centres By Busola Bamidele on August 21, 2025 The Katsina State government has stepped up efforts to strengthen Micro, Small and Medium Enterprises (MSMEs) with fresh initiatives targeting market access, finance, and modern facilities. Speaking in Abuja, the pioneer director-general of the Katsina State Enterprise Development Agency (KASEDA), Hajiya Aisha Aminu, said the state, in partnership with UNDP, has aligned with the African Continental Free Trade Agreement (AfCFTA) to open new opportunities for local businesses beyond Nigeria. She disclosed that a recent MSME census mapped out business clusters across the state, helping entrepreneurs connect with wider markets across Northern Nigeria and Africa. Read also: Katsina boosts MSMEs with market access, finance, industrial centres FG launches free financial literacy training for 100,000 youths yearly APPLY NOW: XANDA TECHNOLOGIES APPLY NOW: Pharmacy Technician Building confidence as a professional asset To cut costs for small businesses, the state has established an Industrial Development Centre in Tudun Matawali, Katsina, where entrepreneurs access high-end machinery, including printing equipment worth up to N80 million, at subsidized rates. Two more centres are underway in Daura and Funtua. The facilities also house agribusiness units, enabling local products—such as ready-mix bean powder for akara—to be processed and exported to Europe and the U.S. According to Aminu, MSMEs remain central to Katsina's economic agenda as drivers of job creation, poverty reduction, and industrial growth.

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The Federal Government has kicked off registration for a free nationwide financial education programme set to train 100,000 Nigerian youths annually.The initiative, launched in partnership with Investonaire Academy, will equip young people with practica… Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader FG launches free financial literacy training for 100,000 youths yearly By Busola Bamidele on August 21, 2025 The Federal Government has kicked off registration for a free nationwide financial education programme set to train 100,000 Nigerian youths annually. The initiative, launched in partnership with Investonaire Academy, will equip young people with practical knowledge in financial literacy, global trade, entrepreneurship, and investment. According to the Ministry of Youth Development, the programme covers global asset classes such as commodities, gold, equities, and foreign exchange, alongside lessons in risk management, portfolio development, and wealth-building strategies. Read also: FG launches free financial literacy training for 100,000 youths yearly APPLY NOW: XANDA TECHNOLOGIES APPLY NOW: Pharmacy Technician Building confidence as a professional asset SMEs urge customs to prioritise clearance over auctions Participants will also benefit from an interactive Learning Management System (LMS) featuring gamified learning, simulations, and real-world trading scenarios, with in-person sessions beginning in Abuja before expanding nationwide. Graduates will receive an industry-recognized certificate to boost career opportunities and entrepreneurial growth. The programme is open to all Nigerian youths, including students, NYSC members, entrepreneurs, job seekers, and young professionals across the 36 states and the FCT.

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