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Katsina govt to create Ministry of MSMEs

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Governor Dikko Umaru Radda of Katsina State has revealed the plan by his administration to create a Ministry for Micro, Small and Medium Scale Enterprises, MSMEs.

Radda made this known in a statement by his Chief Press Secretary, CPS, Ibrahim Kaula Mohammed.

The Governor, in the statement to commemorate the ‘2023 World Micro, Small and Medium Enterprises Day’, asserted that SMEs play a vital role in the economic growth of any nation.

Celebrated on the 27th of June every year, the MSME Day is aimed at honouring SMEs’ role in achieving the Sustainable Development Goals (SDGs).

According to Dikko Radda, the Nigeria economy would have since gone comatose if not for the efforts of thousands of SMEs in the country.

Even though the enabling environment for several MSMEs to thrive in the country is absent, the Katsina State Chief Executive, argued that many small business ventures have been helping to create massive jobs, while also tackling youth unemployment, in recent years.

He said: “Small and medium-sized enterprises (SMEs) account for up to 90% of businesses, 60% to 70% of employment, and they account for half of global GDP, according to the United Nations (UN).

“That is why I am of the conviction that the theme of this year’s celebration, which is “Building a Stronger Future Together,” is apt. The contributions of MSMEs are invaluable. They have boosted the growth of many world economies.

“Here in Nigeria, the feats performed by many SMEs cannot be enumerated. But that is not to say that everything is now Uhuru for many small business enterprises in the country. They still need government support in many ways, even though the Small and Medium Enterprise Development Agency, SMEDAN, has been coming to their aid”.

Governor Radda, who explained that having a Ministry of MSMEs in Katsina is one sure way to help nurture, grow and ensure the survival of businesses with little capital in the state, assured that the proposed Ministry will be given maximum support to actualize its intended objectives.

“The MSMEs Ministry we are planning to establish will be under my personal watch. I will ensure it gets the necessary supervision it needs, administratively.

“The template I used in repositioning SMEDAN, between 2016 and 2022, when I was the Agency’s Director General, will be adopted for our proposed Ministry. I still recall, with fond nostalgia, how our team in SMEDAN unveiled and implemented several reform policies that aided the growth of Nigerian SMEs,” he said.

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2027: ACF urges northerners to shun selfish politicians

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As time ticks father towards the 2037:general election, Arewa Consultative Forum, ACF, have advised northerners to shun politicians who are desperately seeking power to advance their selfish interest, at the detriment of the welfare of the people.

Chairman of ACF, Mamman Mike Osuman stated this in his opening remarks at the 79th National Executive Officer Council, NEC, Meeting held on Wednesday at the Forum’s Secretariat, Kaduna.

He said evidence abounds that many current elected and appointed leaders remain disconnected from ACF’s aspirations and programmes.

However, the ACF acknowledged that some have been supportive and have assisted financially.

According to him; “Since our last meeting on 21 August 2025, our Region has continued to face grave difficulties natural disasters, tragic loss of lives, and the harsh vicissitudes of daily existence. Terrorism, armed banditry, insurgency, and kidnapping are on the rise, as witnessed in Kwara, Southern Kaduna, Katsina, Benue, and other locations.

The consequences have been devastating, with families and communities violently uprooted and displaced.”

The Chairman stated that these displacements have resulted in overcrowded camps and informal settlements with limited access to basic services, increasing the risks of malnutrition and mortality among survivors.

He added that, repeated attacks and the climate of fear have disrupted education, leading to school closures across affected areas. Rural economies have been severely strained, travel has become unsafe, and access to farming, schooling, and healthcare has been discouraged.

“Insecurity has deepened to such an extent that external military assistance has been required.”

Osuman reiterated that the existence of ACF as a socio-cultural organization must not be merely ceremonial or rhetorical.

“it must be principled, sincere sacrificial, and action-driven. It must engage constructively with governments at national and subnational levels in the pursuit of peace, stability, and the civil rehabilitation of its people.”

He explained that the grim situation has further heightens ACF’s concern and underscores the urgent need our State Chapters to be proactive.

“As our Region approaches a national election cycle, ACF must cooperate with relevant authorities to ensure peaceful and credible elections. We must educate and enlighten our people on their civic responsibilities and the necessity of abiding by the laws of our fatherland,” he stressed.

He announced the constitution of a 9-man Code of Conduct and Ethics Committee, headed by Professor Nuhu Mohammed Jamo, former Dean of the Faculty of Law Ahmadu Bello University, Zaria and former Special Adviser to the Senate President on Constitutional and Comparative Law and Legal Drafting.

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Breaking: Nigeria to hold presidential election February 20 next year

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Nigeria will hold presidential election about one year from now, on February 20, 2027.

The Independent National Electoral Commission (INEC) announced this on Friday and said the National Assembly elections will also hold the same day.

INEC said governorship and State Houses of Assembly polls scheduled has been scheduled for March 6, 2027.

The INEC Chairman, Prof. Joash Amupitan, disclosed the election timetable at a news conference in Abuja today.

INEC had on February 4 indicated that it had completed work on the election timetable and schedule of activities despite the delay.

The commission noted that it had submitted its timetable to lawmakers but cautioned that some items in the schedule of activities could be affected depending on when the amended Electoral Act is eventually passed.

 

 

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Otedola hails Dangote refinery, says Dollar could exchange below N1,0000 in few months

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Nigerian billionaire businessman, Femi Otedola has hailed Dangote refinery for its massive impact in the nation’s oil industry, saying due to huge foreign exchange saved as a result of the milestone achieved by the refinery, the naira could trade below ₦1,000 to the dollar before the end of the year.

Otedola made this known on his X platform, while congratulating President of Dangote Group, Aliko Dangote, on the refinery’s attainment of its full production capacity of 650,000 barrels per day.

According to him, the refinery’s capacity to supply up to 75 million litres of Premium Motor Spirit (PMS) daily marks a transformative moment for Nigeria and the African continent, significantly altering the country’s energy landscape.

He noted that with domestic refining now in full swing after decades of reliance on fuel imports, pressure on the foreign exchange market is expected to ease considerably.

“With domestic refining now firmly underway after decades of reliance on imports, pressure on the foreign exchange market should ease significantly. I am optimistic that the naira will strengthen meaningfully, and trading below ₦1,000/$1 before year-end is increasingly within reach,” Otedola stated.

He further revealed that Dangote has commenced an additional $12 billion expansion project aimed at increasing refining capacity to 1.4 million barrels per day.

The expansion will also include the production of 2.4 million tonnes of no polypropylene and 400,000 metric tonnes of Linear Alkyl Benzene for detergent manufacturing.

Otedola described the development as a milestone for Nigeria’s economic growth, congratulating Dangote on what he called a historic achievement for the country.

 

 

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