The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has announced a ₦1 billion counterpart funding agreement with the Zamfara State Government to boost access to finance for small business owners in the state.According to a stateme… Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader SMEDAN, Zamfara partner on ₦1bn fund to empower small businesses By Busola Bamidele on September 19, 2025 The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has announced a ₦1 billion counterpart funding agreement with the Zamfara State Government to boost access to finance for small business owners in the state. According to a statement shared on its official X handle, SMEDAN said the partnership was sealed during a recent visit to Zamfara, where the agency reaffirmed its mission to support entrepreneurs and strengthen the growth of SMEs across Nigeria. Read also: SMEDAN, Zamfara partner on ₦1bn fund to empower small businesses Senator Binos boosts Adamawa farmers with 1,921 bags of fertilizer Nigeria's trade deficit hits N14trn as imports of manufactured goods soar Enugu targets $30bn economy, zero poverty with UK trade boost Nigeria $3.14bn agro investment portfolio boosts SMEs The funding initiative, signed with Governor Dauda Lawal, is aimed at providing financial support to small businesses, helping them expand operations, create jobs, and contribute to the state's economic development. SMEDAN added that the collaboration not only empowers existing enterprises but also reflects a shared commitment with the Zamfara State Government to drive local economic growth and open more opportunities for budding entrepreneurs.

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Rural farmers in Adamawa Southern Senatorial District have received 1,921 bags of NPK and UREA fertilizer to support late-season and dry-season farming. The intervention, sponsored by Senator Binos Yaroe in partnership with Alkaf Global Investment R… Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader Senator Binos boosts Adamawa farmers with 1,921 bags of fertilizer By Busola Bamidele on September 19, 2025 Rural farmers in Adamawa Southern Senatorial District have received 1,921 bags of NPK and UREA fertilizer to support late-season and dry-season farming. The intervention, sponsored by Senator Binos Yaroe in partnership with Alkaf Global Investment Resources Limited and the Federal Government's Border Communities' Development Agency (BCDA), was flagged off at the Binos Skills Acquisition Centre in Mayo-Belwa. Represented by Mr. Boniface Katawan, Senator Binos said the gesture was to ensure farmers feel included in his empowerment programmes. Read also: Senator Binos boosts Adamawa farmers with 1,921 bags of fertilizer Nigeria's trade deficit hits N14trn as imports of manufactured goods soar Enugu targets $30bn economy, zero poverty with UK trade boost Nigeria $3.14bn agro investment portfolio boosts SMEs Fintiri seal deal to boost agriculture, jobs CEO of Alkaf Global Investment, Madam Bilkisu Ibrahim, commended the transparent distribution process, while BCDA representative, Mr. Stephen Daniel, praised the senator's dedication to community development. The donation follows the senator's recent distribution of rice, maize, and ongoing medical outreach across the nine LGAs in the district, reinforcing his commitment to improving rural livelihoods.

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Nigeria's trade deficit has ballooned to N14 trillion in the first half of 2025, driven by a sharp rise in manufactured goods imports valued at N15.39 trillion. Exports, however, lagged far behind, deepening the nation's trade gap.Economic analysts … Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader Nigeria's trade deficit hits N14trn as imports of manufactured goods soar By Busola Bamidele on September 19, 2025 Nigeria's trade deficit has ballooned to N14 trillion in the first half of 2025, driven by a sharp rise in manufactured goods imports valued at N15.39 trillion. Exports, however, lagged far behind, deepening the nation's trade gap. Economic analysts warn the widening deficit could deplete foreign reserves and exert fresh pressure on the naira. They stress that reducing dependence on imported goods demands deliberate policies to strengthen domestic manufacturing. Despite government efforts to boost local production, Nigeria remains heavily reliant on foreign-made products. Experts recommend incentives for local manufacturers, improved infrastructure, and the removal of regulatory bottlenecks to revive the sector. Read also: Nigeria's trade deficit hits N14trn as imports of manufactured goods soar Enugu targets $30bn economy, zero poverty with UK trade boost Nigeria $3.14bn agro investment portfolio boosts SMEs Fintiri seal deal to boost agriculture, jobs FG crop investments open new opportunities for SMEs "Encouraging domestic production is not optional; it is critical for economic stability," an analyst said, urging limits on non-essential imports. Stakeholders also call for stronger collaboration between government, manufacturers, and investors to enhance competitiveness and create jobs. Analysts believe that prioritizing local content, value addition, and manufacturing innovation is key to narrowing the deficit and stabilizing the economy in the long term.

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