The Federal Government has announced plans to revitalize the nation's Silo Concession Programme to reduce post-harvest losses, strengthen food storage, expand opportunities for SMEs in the agricultural value chain. Minister of Agriculture and Food … Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader FG revives silo concession to boost SME agribusiness By Abimbola Akomolafe on September 19, 2025 The Federal Government has announced plans to revitalize the nation's Silo Concession Programme to reduce post-harvest losses, strengthen food storage, expand opportunities for SMEs in the agricultural value chain. Minister of Agriculture and Food Security, Abubakar Kyari, said the initiative targets Nigeria's estimated $10 billion annual post-harvest losses. He noted that improved silo storage systems will help farmers, processors, SMEs cut wastage while ensuring steady food supply. Read also, FG revives silo concession to boost SME agribusiness Nigeria's economy needs SME-driven policies, says expert Blue economy push opens fresh opportunities for Nigerian SMEs APPLY NOW: Warehouse Supervisor CNG transition opens new avenues for Nigerian SMEs Currently, only one of 17 silo complexes concessioned to private operators is fully functional, while many others face vandalism, collapsed structures, non-compliance issues. To fix this, the Ministry will work with the Infrastructure Concession Regulatory Commission (ICRC) to enforce compliance, reclaim abandoned facilities. The programme, aligned with President Bola Ahmed Tinubu's agricultural transformation agenda, is expected to improve food security, create jobs, unlock new markets for SMEs engaged in processing, logistics, input supply.

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Chief Executive Officer of CFG Advisory, Tilewa Adebajo, has warned that Nigeria's ambition to become a $1 trillion economy by 2030 is unrealistic without stronger policies, lower inflation, and targeted support for businesses. Speaking on ARISE NE… Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader Nigeria's economy needs SME-driven policies, says expert By Enitan Ajebukola Ajewumi on September 19, 2025 Chief Executive Officer of CFG Advisory, Tilewa Adebajo, has warned that Nigeria's ambition to become a $1 trillion economy by 2030 is unrealistic without stronger policies, lower inflation, and targeted support for businesses. Speaking on ARISE NEWS about Nigeria's 2025 half-year economic update, Adebajo said the country has the potential but persistent structural challenges and weak policy execution make the goal unattainable under current conditions. Read also, Nigeria's economy needs SME-driven policies, says expert Blue economy push opens fresh opportunities for Nigerian SMEs APPLY NOW: Warehouse Supervisor CNG transition opens new avenues for Nigerian SMEs NITDA trains teachers to drive Nigeria's digital literacy goal He explained that Nigeria can only achieve sustained GDP growth of 8–10% if inflation is reduced to 12% or lower, urging the Central Bank to act more aggressively to bring inflation down and cut interest rates before the end of 2025. Adebajo stressed that reforms alone are not enough, calling for microeconomic solutions such as SME-friendly policies, job creation, and social programmes to ease the burden on households. "There has to be a human face to reforms," he emphasised, noting that without policies that directly benefit citizens and small businesses, the trillion-dollar economy target will remain out of reach.

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The Federal Government has called on international investors to tap into Nigeria's marine and blue economy, describing the sector as a gateway to Africa's economic transformation and a driver of SME growth. Speaking at the Africa Maritime and Shi… Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader Blue economy push opens fresh opportunities for Nigerian SMEs By Abimbola Akomolafe on September 19, 2025 The Federal Government has called on international investors to tap into Nigeria's marine and blue economy, describing the sector as a gateway to Africa's economic transformation and a driver of SME growth. Speaking at the Africa Maritime and Shipping Assembly during London International Shipping Week 2025, the Minister of Marine and Blue Economy, Adegboyega Oyetola—represented by NIMASA Director General, Dayo Mobereola—said reforms in port modernization, maritime security, and sustainable shipping practices are creating opportunities for small businesses across logistics, trade, and services. Read also, Blue economy push opens fresh opportunities for Nigerian SMEs APPLY NOW: Warehouse Supervisor CNG transition opens new avenues for Nigerian SMEs NITDA trains teachers to drive Nigeria's digital literacy goal FG deploys ₦100bn under NG-CARES to support vulnerable Nigerians The Minister cited the success of the Deep Blue Project, which has boosted maritime security and eliminated piracy in Nigerian waters, paving the way for SMEs to participate more confidently in coastal trade, shipping services, and marine-related ventures. He urged stakeholders to look beyond short-term gains and focus on long-term investments, stressing that harmonized regulations across Africa's maritime sector would unlock seamless trade under AfCFTA while creating new markets for Nigerian SMEs.

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