Nigeria's House Committee on Banking Regulations held a public hearing on two critical bills, the Factoring Regulation Bill and the BOFIA Amendment Bill both designed to strengthen SME access to finance and protect bank customers. The Factoring Bil… Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader Reps move to boost SME financing, protect bank customers By Abimbola Akomolafe on October 24, 2025 Nigeria's House Committee on Banking Regulations held a public hearing on two critical bills, the Factoring Regulation Bill and the BOFIA Amendment Bill both designed to strengthen SME access to finance and protect bank customers. The Factoring Bill will allow small businesses to get quick cash by selling unpaid invoices, a move expected to free up over ₦2.7 trillion into the economy and support traders, artisans, and manufacturers. Read also, Reps move to boost SME financing, protect bank customers FG invests 5% of education budget to grow SME skills FG expands irrigation to boost strengthen MSME agribusiness MSME leaders advocate value-driven entrepreneurship among Nigerian youth Rwanda launches solar-powered DigiTruck to train citizens in digital skills The BOFIA Amendment Bill, sponsored by Hon. Moses Oluwatoyin Fayinka, seeks to curb fraudulent withdrawals and improve accountability across financial institutions. Institutions such as the CBN, NEXIM Bank, Afreximbank, NACCIMA, and NASSI participated in the session, as lawmakers reaffirmed their resolve to drive reforms that empower SMEs and strengthen consumer protection.

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The Federal Government has allocated 5% of Nigeria's education budget to expand Technical and Vocational Education and Training (TVET), a move designed to strengthen the nation's SME sector through practical skill development. Education Minister … Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader FG invests 5% of education budget to grow SME skills By Abimbola Akomolafe on October 24, 2025 The Federal Government has allocated 5% of Nigeria's education budget to expand Technical and Vocational Education and Training (TVET), a move designed to strengthen the nation's SME sector through practical skill development. Education Minister Dr. Tunji Alausa said the programme focuses on empowering young Nigerians with hands-on, income-generating abilities that drive entrepreneurship and small business growth. Read also, FG invests 5% of education budget to grow SME skills FG expands irrigation to boost strengthen MSME agribusiness MSME leaders advocate value-driven entrepreneurship among Nigerian youth Rwanda launches solar-powered DigiTruck to train citizens in digital skills FG sets uniform prices for renewed hope housing units nationwide Over 250,000 trainees have already been engaged across 2,600 centres, with a target to train 960,000 more in 28 trades such as solar installation, fashion design, plumbing, and GSM repair. Participants will undergo intensive practical training and receive starter packs and business grants upon completion, enabling them to establish or scale their small enterprises.

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The Federal Government is expanding irrigation facilities nationwide under President Bola Ahmed Tinubu's Renewed Hope Agenda to boost food security and reduce reliance on imports. Through the Federal Ministry of Water Resources and Sanitation, the … Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader FG expands irrigation to boost strengthen MSME agribusiness By Abimbola Akomolafe on October 24, 2025 The Federal Government is expanding irrigation facilities nationwide under President Bola Ahmed Tinubu's Renewed Hope Agenda to boost food security and reduce reliance on imports. Through the Federal Ministry of Water Resources and Sanitation, the initiative will enable year-round farming, helping smallholder farmers and agri-MSMEs increase productivity and income. Read also, FG expands irrigation to boost strengthen MSME agribusiness MSME leaders advocate value-driven entrepreneurship among Nigerian youth Rwanda launches solar-powered DigiTruck to train citizens in digital skills FG sets uniform prices for renewed hope housing units nationwide UNDP launches mine-tech to drive innovation in Nigeria's solid minerals sector The project also creates opportunities for local cooperatives in processing and storage, supported by partnerships with the World Bank, AfDB, and state governments. By promoting modern irrigation practices, the initiative empowers small farmers to scale production, enhance exports, and strengthen Nigeria's agricultural economy.

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