By Busola Bamidele Small and medium businesses in Nigeria are set to benefit from deepening economic ties with the European Union as the European Bank for Reconstruction and Development (EBRD) prepares to open its first West African office in Lagos.… Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader EU partnership brings business boost to Nigerian SMEs By Busola Bamidele on April 30, 2025 By Busola Bamidele Small and medium businesses in Nigeria are set to benefit from deepening economic ties with the European Union as the European Bank for Reconstruction and Development (EBRD) prepares to open its first West African office in Lagos. During a visit from EU Ambassador Gautier Mignot, Vice President Kashim Shettima described the EU as a long-standing partner and highlighted Nigeria's push to remove economic barriers under President Bola Tinubu's administration. Key reforms like the removal of fuel subsidy and a more transparent exchange rate are paving the way for foreign investment. Read also: EU partnership brings business boost to Nigerian SMEs NITDA launches startup forum to boost innovation under startup act Abia taps Israeli expertise, offers land for agri-investment deal FG partners World Bank to tackle youth unemployment with digital jobs push Commissioner empowers over 23,000 youths, boosts SME growth With Nigeria recently joining the EBRD as its 77th shareholder, the move signals increased opportunities for trade, funding, and technical support especially for SMEs ready to scale. Shettima also called for renewed focus on youth-targeted programmes such as the Nigeria Jubilee Fellows Programme, reinforcing the government's focus on entrepreneurship and employment. The EU reaffirmed its commitment to Nigeria, emphasizing cooperation in economic development, humanitarian aid, and sustainable growth critical areas for SMEs looking to thrive in the global economy.

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The National Information Technology Development Agency (NITDA) has inaugurated the Startup Consultative Forum (SCF) to drive inclusive implementation of the Nigerian Startup Act (NSA), signed in 2022.Unveiled on Monday, the forum brings together certifi… Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader NITDA launches startup forum to boost innovation under startup act By Busola Bamidele on April 30, 2025 The National Information Technology Development Agency (NITDA) has inaugurated the Startup Consultative Forum (SCF) to drive inclusive implementation of the Nigerian Startup Act (NSA), signed in 2022. Unveiled on Monday, the forum brings together certified startups, investors, accelerators, and innovation hubs to foster strategic dialogue and policy formulation for the tech ecosystem. Representing the DG, Malam Kashifu Inuwa, Mr Emmanuel Edet stressed the government's commitment to embedding innovation in national growth. Read also: NITDA launches startup forum to boost innovation under startup act Abia taps Israeli expertise, offers land for agri-investment deal FG partners World Bank to tackle youth unemployment with digital jobs push Commissioner empowers over 23,000 youths, boosts SME growth Fire guts Jos main market, leaves traders in tears Mr Oladejo Olawunmi, also standing in for the DG, described the forum as a platform for collaboration and actionable policy exchange. Ms Victoria Fabunmi of ONDI underlined the SCF's focus on funding, innovation, and global competitiveness, with a strong feedback mechanism for impact. Mandated by Section 12 of the NSA, the SCF will offer updates on startup incentives, certification processes, and ecosystem representation on the National Startup Council. The NSA provides a legal framework for Nigeria's startup space, enabling access to seed funding, regulatory support, and other growth-enabling benefits.

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Abia State is set to collaborate with Israeli agricultural investors to boost its economy. Governor Alex Otti made this known while receiving Mr. Kidron Israel, Managing Director of ONIDA Development, and his team at Government House. Otti expressed rea… Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader Abia taps Israeli expertise, offers land for agri-investment deal By Busola Bamidele on April 30, 2025 Abia State is set to collaborate with Israeli agricultural investors to boost its economy. Governor Alex Otti made this known while receiving Mr. Kidron Israel, Managing Director of ONIDA Development, and his team at Government House. Otti expressed readiness to provide land as the state's equity contribution, calling for swift action to begin the project. The Governor emphasized starting with vegetable and fish production, while promising a business-friendly environment. Read also: Abia taps Israeli expertise, offers land for agri-investment deal FG partners World Bank to tackle youth unemployment with digital jobs push Commissioner empowers over 23,000 youths, boosts SME growth Fire guts Jos main market, leaves traders in tears FG opens creative economy fund for Nigerian talents He praised Abians for their enterprise spirit and reiterated his administration's support for private sector-driven growth. Mr. Kidron assured the state of investment financing, stating that Abia was chosen due to Otti's pro-business reforms. Mrs. Florence Osuji, National Coordinator of the Nigeria-Israel Forum, added that their mission includes introducing Israeli agricultural technology to enhance food security.

SMALL BUSINESS INSIGHTS © 2025. Manage your email settings or unsubscribe. 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