Business
SMEDAN Awards Licences To 116 Service Providers
Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has awarded practising licences to 116 qualified Business Development Service Providers (BDSPs).
The Director-General, SMEDAN, Dr Charles Odii, said this at the BDSPs Licencing Award ceremony organised by the agency recently in Lagos.
Odii said the practise licence would allow BDSPs to provide quality services to the Micro Small and Medium–sized Enterprises (MSMEs) in the country.
The Tide’s source reports that the BDSPs certification was in collaboration with Kaduna Business School, the Enterprise Development Centre, Pan Atlantic University
The BDSPs are Nigerians from the entrepreneurial ecosystem across the country with qualified requirements to practise their profession in a particular jurisdiction.
This typically involves completing a certain amount of education and training, passing an examination, and maintaining good moral standing.
Odii said: “Today is a very big day for us at the agency because we awarded licensces to business development service providers and this is very important, and a response to the cry of small businesses in Nigeria.
“Many of them have different problems, just like you have sick patients and you have doctors, a couple of certified individuals need to go through rudimentary process to become certified to be able to attend to sick individuals.
“We have a staggering statistics that show that 70 per cent of small businesses die in the first three years and there are many different reasons why they die.
“So, what we have done as an agency is that, we have recruited a couple of people, they have gone through a scholarly process of training from the Enterprise Development Centre and Kaduna Business School, and then they’ve gotten a certification and their licences then become our eyes and ears in all of Nigeria
“So, their job right now is to go into the market, help small businesses thrive.
“In an effort to ensure a credible access to more affordable finance for MSMEs in Nigeria, the agency is partnering with an NGO, The African Centre for Global Entrepreneurial Leadership.
“This is to implement the Leadership Entrepreneurial Game Show, where successful participants will be given N5 million worth of grants and tools.
“The game show is on-going now and all existing and potential entrepreneurs are encouraged to log into www.legs.afrca for registration”, he said.
Odii hinted that the agency was partnering with selected banks to implement the Matching Fund Programme for MSMEs toward increasing access to finance.
This intervention, he said, was delivering credit as a promotional mechanism to enhance enterprise output, competitiveness and job creation..
According to him, prospective beneficiaries can have access to loans between N2. 5 million and N500 million.
Odii urged all suitaby qualified MSEs in the agribusiness sub-sector to apply via the SMEDAN website www.smedan.gov.ng.
The Rector, Kaduna Business School, Dr Dahiru Sani, while taking them through the portal, said the primary responsibility of the BDSPs would be to support MSMEs in terms of how they would be responding to the shocks of the recent policy issues.
Sani, also a member of the National Steering Committee for the Accreditation and Certification of the BDSPs in Nigeria, said, “Our expectations now are that they are going to give us what we call a buffer or mechanical shock absorber for the MSMEs.
Business
USTR Criticises Nigeria’s Import Ban On Agriculture, Others
The United States Trade Representative (USTR) has criticised Nigeria’s import ban on 25 categories of goods, claiming that the restrictions limit market access for American exporters.
This is the effect of President Donald Trump’s tariffs introduction on goods entering the United States, with Nigeria facing a 14 per cent duty.
The USTR highlighted the impact of Nigeria’s import ban on various sectors, particularly agriculture, pharmaceuticals, beverages, and consumer goods.
The restrictions affect items such as beef, pork, poultry, fruit juices, medicaments, and alcoholic beverages, which the United States sees as significant barriers to trade.
The agency argues that these limitations reduce export opportunities for United States businesses and lead to lost revenue.
“Nigeria’s import ban on 25 different product categories impacts United States exporters, particularly in agriculture, pharmaceuticals, beverages, and consumer goods.
“Restrictions on items like beef, pork, poultry, fruit juices, medicaments, and spirits limit United States market access and reduce export opportunities.
“These policies create significant trade barriers that lead to lost revenue for United States businesses looking to expand in the Nigerian market”, the agency said .
In 2016, Nigeria implemented the ban on these 25 items as part of efforts to control imports and stimulate local production.
Some of the banned items include poultry, pork, refined vegetable oil, sugar, cocoa products, spaghetti, beer, and certain medicines.
On March 26, 2025, the Federal Government also announced plans to halt solar panel imports to encourage local manufacturing as part of its push for clean energy.
Business
Expert Seeks Cooperative-Driven Investments In Agriculture
A leading agribusiness strategist and digital agriculture expert, Ayo Oluwa Okediji, has sought cooperative-driven investments in sustaining growth of poultry industry in Nigeria.
He said the poultry industry was at a defining moment and requires urgent structural reforms to secure its future and ensure long-term sustainability.
Speaking on the theme, “Strengthening Poultry Farming Through Cooperative Synergy and Strategic Investments”, at the recently concluded Oyo Mega Poultry Workshop 2025 in Ibadan, Okediji called on poultry farmers, cooperative leaders, financial institutions and policy makers to rethink the existing structure of the poultry sector.
He stressed the need to transition from fragmented, individually-driven operations to well-structured, cooperative-led enterprises capable of attracting sustainable financing and securing long-term viability.
He said, “Our poultry sector cannot thrive on individual effort alone. We need to organise ourselves into cooperative clusters, build strong governance systems and position ourselves to attract the level of investment needed to sustain this industry beyond this generation.”
Drawing on lessons from successful global cooperative models such as Rabobank in the Netherlands and Landus Cooperative in the United States, Okediji introduced the FarmClusters Poultry Model, a locally adapted solution developed by Agribusiness Dynamics Technology Limited (AgDyna), a subsidiary of AgroInfoTech Africa.
According to him, the model is currently being piloted in Oyo State in partnership with PANOY Agribusiness Limited and local poultry cooperatives.
Business
NACCIMA Proposes Hybrid Oil Palm Seedlings For Farmers
The Rivers State Representative of the Nigeria Chambers of Commerce, Mines, Industries and Agriculture (NACCIMA), Mr. Erasmus Chukwundah, has urged palm oil farmers to consider hybrid seedlings for planting, if they must break even in palm oil business.
Chukwundah said this recently at the Free Oil Palm Business Climate Smart Best Management Practice/Assistance Training organized by Partnership Initiative In Niger Delta (PIND) for Palm Oil Farmers in Elele, Ikwerre Local Government Area.
The Rivers representative said until palm oil farmers begin to consider such hybrid oil palm seedlings, they may not meet up with the daily increasing demand of palm oil in the market.
According to him, the seedlings produce up to 30 bunches at once that ripen same time.
He said PIND decided to partner with Oil Palm Growers Association of Nigeria (OPGAN) to ensure that the message was received by the targeted audience.
According to him, palm oil remained a popular choice of industry operators as it could be converted to many other products such as vegetable cooking oil.
He also noted that products such as motor tyers, marine ropes and others are now gotten from the palm tree.
Chukwundah, who is the immediate past Director-General of Port Harcourt Chamber of Commerce, Mines, Industries, and Agriculture (PHCCIMA), further warned against use of unrecommended fertilisers in growing oil palms.
He noted that such practices could limit its export value or chances as the foreign marketers have a way of detecting such .
He reiterated the need for organic fertilizers, including poultry droppings, to enable them have a natural palm oil.
“People must reduce physical contact with palm oil production. That is why we are campaigning for hydrolic oil mills. The foreign markets are no longer interested in crude method of palm oil production”, he said.
Meanwhile, one of the farmers, Sonny Didia, who appreciated Chukwundah’s commitment towards the concern of farmers, appealed for an urgent need for loan opportunity with low interest rate in order to enable them beat the target.
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