Business
Nigeria @ 57: What The People Say

Exactly 57 years ago, the colonial rule of the Great Britain in Nigeria came to an end after years of struggle by some of our past heroes.
As always, today October 1, the country marks the anniversary of the great event.
But how has the country fared in these past 57 years? What can the citizens say about Nigeria at 57? Our Deputy Editor (Features), Calista Ezeaku sought answers to these questions from some Port Harcourt residents.
Excerpt:
Barr Emeka Onyeka: It is really good we are celebrating. It is really good we’ve come this far, but it is not yet an Eldorado. I think it calls for more of sober reflection than bonfire in the sense that it is really a good time for us to do a stock keeping, checking ourselves from 1960 till date, so far, how far? What have we done? What have we achieved? Are we making progress? Are we actually on a steady decline?
So for me, it’s neither here nor there.
Sincerely, I don’t think this is a time to merry, given the present condition of the country. What really calls for rolling out of the drum is the happy mood of the people. When a greater number of the people are hungry, what are we rolling out the drum for? By doing so you will be irritating them. You will be angering them and if you don’t take time, the anger might translate to action. I think what we need to do is for us to check ourselves, look at our people, which is the primary responsibility of the leaders and know wether the leaders have actually been fair to the citizens.
There are so many things that we have not gotten right in the past 57 years. The first one is fairness. Sincerely, people are not treated fairly. I believe strongly that people should be treated fairly. Our resources should be distributed fairly. You know that fairness is justice. Appointment of individuals or groups to government positions should be done fairly to reflect the true federalism that we claim to have in practice. A situation where you see people in leadership acting with some sectional colouration, does not augur well for the nation.
Going forward, for me I think it is a wonderful opportunity that we are one. I strongly believe that we should remain one. Being one is of great advantage.The greater advantage is there when everybody is treated fairly.
What I recommend is this, irrespective of where the president or even the governor comes from, he should see every citizen of the nation or his state as one and the same and treat them as their children. When you start treating some of the children as outsiders, naturally, you can never be fair to them. The President and the Governors should treat their subjects better than they are doing at the moment.
The strike and agitations that have been going on in the country for sometime now are anger in action. They are anger demonstrated, animosity displayed. People are not happy for one thing or the other.
You see a situation where those at the federal level are spending money as if others simply escorted them to the nation, without having any stake in the nation called Nigeria. I mean it is annoying! Every person feels so bad. The workers are not paid adequately, and those who are elected to serve us are taking all and at the end of the day, we are all going to the same market. So how do you think the workers will feel? Naturally they will feel bad. The resources are not fairly distributed. Naturally the people, especially those from whose areas the resources are being generated, will feel bad.
So as a person, I strongly support restructuring. True federalism is what will make people sit up.
Mr Monday Johnson – Driver:
What I can say about Nigeria at 57 is that things are not moving on well in the country. There is bad leadership. Just look at the roads we ply here in Rivers State, they are bad . The East/West road is very bad. There is hardship every where.
Our hope is that with the Independence day celebration, there should be some positive changes.
We will be very happy if they can fix the roads and make life better for us. Government should invest in the education sector and also the health sector so that the poor people will have reasons to rejoice.
Miss Mercy Kaneh- Young School Leaver:
Nigeria today is a very difficult place to live in. Cost of living is so high, business is not flurishing. I help my elder sister with her business and I know how hard it is for her to sell her goods and even make profit. Look at me, I’m supposed to be in a higher institution but because of economic hardship I couldn’t go. So we want a change in this country. I want better leadership that will make things easy for the people.
Mr Franklyn Obiene – Public Servant/ Youth Leader:
There are many good reasons why we should celebrate Nigeria at 57. Because it is Nigeria’s birthday, because we are alive, because we are a united country, we should celebrate. But the growing insecurity in the country is a big concern. People are no longer free to move around because of fear of the police, militants or political party fanatics. In other parts of the country, we have the IPOB challenge, the boko haram and other agitating groups. All these create tension in the country and make people feel unsafe.
So let government think of measures to tackle the problem of insecurity and what is making people to agitate. Let our leaders lead us well and then the people will follow.
They said, they are fighting corruption abi? Let them do it without fear or favour. Any corrupt person, no matter how highly placed, should be fished out and brought to book. Let government at various levels empower the youth. It is said that the future of any country is in the youth but I don’t see any attention being given to these future leaders.
Every administration that comes on board will tell you they will do this and that for the youth but at the end of the day, nothing is done. The situation still remains the same. Let them empower the youth, please.
Mr Salisu Musa – Businessman:
We thank God for keeping us alive to celebrate Nigeria at 57. For me, l like as the country is now. The fighting has reduced. The tribalism issues are coming down. In Rivers State here, our roads are better. As Federal Government dey fight corruption, l like am. Government should create job opportunities for the people.
Many companies are laying off their staff, that is not good. Government should build industries that will employ the jobless people. They should equip public hospitals. Before now, they use to give us free drugs at the hospitals. Today, there is nothing like that anymore.
Mrs Ngozi Amadi – Teacher:
The country has come a long way. Struggling with challenges ranging from insurgency, militancy, Ebola, corruption and others.
A country where leaders have emerged with the sole motive of enriching their pockets and saving for their generations unborn. Being the most populous country in Africa coupled with the instigations from outside and within the continent, to mention but a few.
Regardless of these numerous challenges, Nigeria has remained integrated. Nigeria is a great country, I am proud to be a Nigerian. My advice to fellow Nigerians is to come together and let’s fight all appearances of corruption at all levels and make this country an envy to the rest of the world.
Business
Bank Supports Female Entrepreneurs With Grants
Kolomoni Microfinance Bank has awarded grants to five female entrepreneurs to boost their businesses as part of its commitment to promoting women in business.
The initiative, organized to mark International Women’s Day, was themed “Accelerate Her Growth.”
According to the bank, the decision to support women was inspired by World Bank data, which shows that 41 percent of Nigeria’s micro-businesses are owned by women.
Delivering the keynote address, business strategist, Ebun Akinwale, emphasized that entrepreneurship requires resilience, creativity, and passion.
She illustrated this by recounting her own business challenges and highlighting the critical role passion plays in overcoming obstacles.
The event underscored Kolomoni’s mission to empower women and support small businesses in Nigeria.
Other speakers at the occasion were Odunayo Oyebolu, a seasoned entrepreneur; Victori Ajiboye, a marketing strategist with global experience; and Simi Ojumu, a finance expert.
The beneficiaries said the financial support was a validation of their hard work and a boost of confidence towards scaling through in their businesses.
The winners were selected after sharing their entrepreneurial journeys and presenting business proposals for financial assistance from the bank.
Business
Nigerian SME Awards: Providus, Access, Others Compete For Honor
The 8th edition of the Nigeria Small and Medium Enterprises (SMEs) Summit and Awards (Nigeria SMEAwards) is set to take place in Lagos for the first time in its history, marking a significant milestone for this prestigious event.
Endorsed by the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), the annual awards celebrate the entrepreneurial spirit driving Nigeria’s economy.
The visionary convener of NigeriaSMEAwards 2025, Adedayo Olalekan, said, “Governors from Zamfara, Sokoto, Ebonyi, Borno, Enugu, Ekiti, Benue, and Kaduna States have all implemented transformative initiatives that have greatly benefitted local enterprises.
“Their contributions will serve as a beacon of inspiration for the nation.”
Speaking at a recent press conference in Lagos, Olalekan emphasised that the event would introduce a fresh and unique approach, moving away from tradition.
“Despite economic challenges, Nigerians continue to show an unwavering commitment to progress”, he said.
He noted that the awards will not only honor outstanding individuals, but also recognise the critical role state governments play in nurturing vibrant SMEs.
“State governments have been instrumental in fostering a supportive environment for SMEs, which in turn benefits both the awardees and the larger economy.
“With major banks like Providus, Access, and First Banks competing for top honors, the 8th NigeriaSMEAwards promises to be a night of celebration, recognising exceptional contributions to Nigeria’s SME landscape”, Olalekan added.
Amid global challenges such as inflation, geopolitical instability, and the ongoing conflict in Ukraine, Nigerians continue to show remarkable resilience.
Their efforts, according to reports, have contributed to job creation, economic growth, and overall prosperity, with SMEs at the forefront of this success.
This year’s awards will recognise governors who have made significant strides in advancing the SME sector within their states.
Business
SMEs Experts Urge MSMEs To Remain Focused
Small and Medium Enterprises (SMEs) consultants in Rivers State have called on entrepreneurs to be focused and avoid distractions.
The experts, who were speaking on the recent developments about the change of leadership in the state, said entrepreneurs need to put more efforts in their businesses in order to break even in the present situation in Rivers State.
Speaking in a chat with The Tide, an international SMEs consultant, Amb. Larry Goodwill Ajiola, said the political moves is capable of distracting SMEs who are not grounded in their businesses, adding that “the serious minded business men and women would utilise the opportunity to increase their revenues”.
Amb Ajiola, who is the President and Chief Executive Officer (CEO) of Rumuomasi Co-operative and Credit Society Limited, Port Harcourt, said, “Rugged entrepreneurs look out for business opportunities in situations around them, whether good or bad”.
He reiterated that the loan facility given to 3,000 SMEs in the state revived and expanded businesses, adding that the empowered businesses should continue to push, no matter the situation.
“credit is a powerful tool for achieving financial security.
“We can only keep imagin the economic value that the over 3,000 MSMEs would add to the positive economic dynamics of Rivers State and the Local Government Areas in terms of Gross Domestic Prooduct (GDP), increased tax returns, employment creation, income distribution, and production of goods and services”, he said.
Another SMEs Expert, a business consultant and SMEs trainer, Mr. Chisom Sam-Orji, in his advice, noted that every SME in the state should realize that change is the only constant thing.
He said SMEs should also know that “tough times never last, but tough people do”, adding the need for every entrepreneur to stay focused on creating value and remain resilient.
“This is not the time to be distracted by every noise around your space, but to maximize every time you have to focus on the essentials and keep creating value.
“For some people, it may just be the time to diversify, create new products and services to serve a new or existing market. But this must be based on the facts available to you via research and market surveys”, he said.
The SMEs expert also said the present time in the life of an entrepreneur is a time to cut off unnecessary excesses that surround one’s business.
“Those extra costs that may hamper your growth in this season and beyond, and focus on just essentials.
“SMEs should find certain leverages that are available to aid their business growth. This could be in form of grants, knowledge, and other leverage tools.
“Collaboration is one big way to grow in this season. Finding ways to collaborate with like minds instead of competing could enable a product or service gain advantage in the market and beyond.
“They should also find ways to sustain and grow their customer relationship as this is key to sustaining business flow. They must seek new and efficient ways to serve their customers and gain their loyalty”, he stated.
He further called on every entrepreneur to keep building capacity and never take their eyes off their visions, adding the need to muster every courage it takes to keep building and moving forward.
Lilian Peters
-
News5 days ago
Tinubu Signs S’West, S’South Dev Commission Bills Into Law
-
Sports4 days ago
EPL To Have Two Transfer Windows
-
Politics4 days ago
Bill To Upgrade Lagos LCDAs To LGAs Pass Second Reading
-
Niger Delta5 days ago
Navy Woos Youths With Career Talks In Delta
-
Rivers5 days ago
Rivers Youths Urge Sole Administrator To Convene Summit
-
News5 days ago
80 Tanker Crashes Claim 555 Lives In 5 Years – FRSC
-
Sports4 days ago
UEFA Probes Real Players Over Indecent Conduct
-
Business4 days ago
Why No Elected Official Should Enjoy Immunity – Stakeholders