Ecobank Nigeria, a subsidiary of the leading pan-African banking group, has entered into a strategic partnership with the Lagos State Employment Trust Fund (LSETF) to empower Micro, Small, and Medium Enterprises (MSMEs) across Lagos through capacity building, market access, and enterprise development initiatives. The collaboration is designed to strengthen small businesses, promote entrepreneurship, and READ MORE
Category: SME
FG Vows to Transform Katsina into Industrial Hub Through Innovation
The Federal Government has pledged to transform Katsina State into a thriving industrial hub by harnessing innovation, technology, and the resilience of its people. Vice-President Kashim Shettima made this commitment on Monday at the maiden Katsina State Micro, Small and Medium Enterprises (MSMEs) Awards Dinner and the Dikko Social Innovation Academy graduation ceremony in READ MORE
Nigeria: MoniePoint, trade ministry, CAC partner to strengthen SME businesses
MoniePoint Inc. says it is collaborating with the Ministry of Industry, Trade and Investment and the Corporate Affairs Commission (CAC) to make it easier for informal businesses to formalise their dealings. Mr Tosin Eniolorunda, the Group Chief Executive Officer (CEO) and co-founder, Moniepoint Incorporated, said this in the company’s Informal Economy Report, 2025, unveiled READ MORE
Gov Adeleke expands start-up grants to 2000 Youth/Women
Governor Ademola Adeleke of Osun State has expanded the administration’s start-up grant programme with 2000 new beneficiaries inclusive of women and youth. The Governor who also flaunted his government records in cooperative financing for small businesses said the event is not just another ceremony; it is a bold statement of his commitment to people-centered READ MORE
Lagos govt unveils N500bn MSME fund for women traders
The Lagos State Government has unveiled a N500bn fund for Micro, Small and Medium Enterprises, with a special focus on women. The announcement was made during the Lagos leg and grand finale of the ECOWAS Caravan 2025, a regional campaign aimed at supporting women in cross-border trade across West Africa. A Tuesday statement READ MORE
SMEDAN’s targeted empowerment programmes, strategic collaborations lift job creation by 90,000 Q1 2025
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) says it created more than 90,160 jobs and empowered 116,661 entrepreneurs across the country in the first quarter (Q1) of 2025. Mr Charles Odii, Director-General of SMEDAN, made this known in a statement on Tuesday in Abuja, noting that the figures were contained in READ MORE
Nigeria: SMEDAN boosts NMSMEs with packaging, branding skills to leverage AfCFTA opportunities
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has equipped several Nano, Micro, Small and Medium Enterprises (NMSMEs) in Lagos State with cutting-edge skills in packaging and branding. SMEDAN’s Chief Executive Officer/ Director General, Mr Charles Odii, on Wednesday in Lagos, said the ongoing training would enable NMSMEs unlock the vast opportunities READ MORE
SMEs, vendors commend LASG for success of Lagos Tourism NBC Trade Fair
* Say 2025 edition records surpass last year’s N1.3 billion generated income *Over 100,000 people attended, creative economy boosted sales generation for participating brands – Aregbe As the three-day Lagos Tourism NBC Trade Fair ended on Sunday, the Lagos State Government has been commended for supporting Small and Medium Enterprises (SMEs) and entrepreneurs READ MORE
Tony Elumelu Foundation grants $15m to 3,000 African entrepreneurs for 2025 programme
The Tony Elumelu Foundation (TEF) has announced a $15 million grant to support 3,000 budding entrepreneurs from 52 African countries. TEF Founder, Mr Tony Elumelu, made this known on Sunday in Abuja during the unveiling of the 2025 cohort of the foundation’s Entrepreneurship Programme. He stated that each beneficiary would receive a $5,000 READ MORE
Gov Sanwo-Olu empowers 1,500 youth, women with working equipment
…Says his government is empowering Lagosians to build resilient economy Lagos State Governor, Mr. Babajide Sanwo-Olu, on Wednesday empowered the 1,500 fresh beneficiaries of Micro Enterprise Support Initiative (MESI) programme across the various 20 Local Government Areas and 37 Local Council Development Areas (LCDAs) in State with working equipment through the Ministry of Women Affairs READ MORE
Skills Acquisition Programme: NASENI Trains Osun Youths on Modern Shoemaking and Tailoring
The National Agency for Science and Engineering Infrastructure (NASENI), has launched a skill acquisition training programme on modern shoemaking and tailoring for youths in Ife, Osun State. The three-day intensive training which began Monday, July 8, 2024 and would end on Wednesday, July 10, 2024, is taking place at the NASENI Skill Acquisition Centre READ MORE
We’ve financed 500,000 entrepreneurs with N10b business grant since inception – LSETF
Lagos Employment Summit holds Wednesday …Agency set to launch Labour Market Information System No fewer than 500,000 private business enterprises operating in Lagos State have been successfully supported and stabilised through a tenure-bound credit programme and seed capital by the Lagos State Employment Trust Fund (LSETF), it was revealed on Monday. The State Government’s employment READ MORE
Tony Elumelu Foundation announces 10th cohort of entrepreneurship programme
The Tony Elumelu Foundation (TEF), the leading philanthropy empowering young African entrepreneurs from all 54 African countries, has announced the successful entrepreneurs in its tenth selection for the TEF Entrepreneurship Programme. This new cohort brings to 20,000, the number of young African entrepreneurs who have received funding, mentoring, and capacity-building support from the Foundation, double READ MORE
Expert makes case for eCommerce to grow small businesses at Ecobank MySME Growth Webinar Series
Operators of small and medium enterprises (SMEs) in the country have been advised to leverage on eCommerce to boost sales and grow their business. This view was canvassed by Chief Commercial Officer, Jumia Nigeria, Ijeoma Arum, in her presentation titled: Growing your business, presented at the maiden edition of Ecobank Nigeria’s MySME Growth Series. The READ MORE
Nigeria govt commits to resolving bottlenecks affecting MSMEs
The Federal Government has disclosed its readiness to address the barriers affecting Micro Small and Medium Enterprises (MSMEs) in Nigeria. The Vice President, Senator Kashim Shettima GCON, disclosed this recently at the launch of the Expanded National MSME Clinics in Makurdi, Benue State. It marked the first stop of a planned nationwide journey to empower READ MORE