Business
Oshiomhole Pledges To Sustain Dev Projects
L-R: Representative of the Managing Director, Bank of Agriculture (BOA), Tokunbo Afolabi, Chairman, Jumil Farms, Retired Maj.-Gen. Lawrence Jokotola, Deputy Speaker, Kwara State House of Assembly, Prof. Muhammed Yisa, Father of the Day, the Aidonogie of South Ibie Kingdom, Alhaji Aliyu Danesi and founder, National Co-oporative for Commercial and Industrial Agriculture (NACCIA), Mr Felix Okonti, during the inaugural meeting of NACCIA in Lagos, yesterday.
Governor Adams Oshiomhole of Edo State, on Saturday, said his administration would sustain his people-oriented development projects till the end of his tenure.
Oshiomhole gave the assurance while speaking to newsmen shortly after inspecting the 7.3 meter-wide Afokpella Road phase one in Etsako East Local Government Area of Edo State.
“We have set a standard, and looking at what we have done over the past six and a half years, you can encapsulate what the next government will do after us.
“So, if we ask you to continue to vote APC, what we are simply saying is that you will continue to have development, and the progress we have started will be sustained”, he said.
The governor said the essence of governance was to foster development and impact on lives with people-oriented policies.
According to him, his government is a product of the people which must give its all to the people.
“Look at the population, you can see excitement on their faces, you can see women dancing, because, for years, as populated as this area is, they didn’t have good road.
“And when you now see good road like this, I feel fulfilled seeing ordinary people very happy that their government is touching their lives,” he said.
Oshiomole said that his administration had continued to embark on high quality projects in spite of limited resources available to it.
He called on the people to reflect on the fact that his administration was working, even in the grassroots, doing a standard road 7.3 meter wide with drainage at a time many states could not even pay salaries.
According to him, even states that are four times richer than Edo in both internally generated revenue and federal allocation, are not paying their workers’ salaries.
The governor, who also inspected work at the gully erosion site in Auchi, commended the company handling the project over the progress made so far in the reclamation of the land.
“It is unbelievable, people who saw this place a few months back can’t believe where we are now.
“This place used to be a very deep valley of more than 30 or 35 meters and at a point, we thought the entire Auchi was gone.
“I am very excited about this outcome, so I thank God for using us to find solution to this problem”, he said.
The Commissioner for Environment, Mr Clem Agba, promised that the project would be completed within two years as stipulated in the contract.
“The gully site is designed to take two years, but with the pace we are going, we are likely to do it under two years.
“We are working on the two sections at the moment. We have already done about 50 percent of the work”, he said.
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.
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.
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