Osinbajo To Launch MSME Clinic In Kwara

MSME Clinic, Yemi Osinbajo, KwaraActing President of Nigeria, Professor Yemi Osinbajo, is set to launch a three-day Micro Small and Medium Enterprises (MSME) clinic on Thursday, February 23 for viable enterprises in Ilorin, the Kwara State capital.

Recall that Acting President Osinbajo commissioned the Aba MSME clinic on January 26.

Aba is the commercial hub of Abia State in southeast Nigeria.

The Chief Operating Officer of the Kwara State MSME Bureau, Mr Segun Soewu, who made the disclosure in a statement on Monday, informed that the event would hold at the Banquet Hall, Ilorin by 10:00AM daily.

He described the clinic as an opportunity for MSME operators in the state to discuss the opportunities and challenges confronting their businesses.

The MSME Bureau boss added that business owners can also make inquiries about policies and regulations regarding their businesses from the Federal agencies that would be present at the programme.

He listed the agencies to include the Standard Organisation of Nigeria (SON), Federal Inland Revenue Services (FIRS), Corporate Affairs Commission (CAC), Nigerian Investment Promotion Commission, Nigeria Export Promotion Council, Nigerian Export-Import Bank and National Agency for Food and Drug Administration and Control (NAFDAC).

Others are Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), Industrial Training Fund (ITF), Bank of Agriculture, Bank of Industry, Federal Institute of Industrial Research, Oshodi (FIIRO), Projects Development Institute, Raw Materials Research and Development Council, and the National Agency for Science and Engineering Infrastructure.

Mr Soewu asked intending participants to contact the office of the Chief Operating Officer of the Kwara State MSME Bureau at the Ministry of Commerce and Cooperatives, Gambari Road in Ilorin.

 

Nigerian Govt. Sacks 20 More Heads Of Parastatals, Agencies

portfolioThe Nigerian government has disengaged 20 more heads of federal parastatals and agencies.

Their disengagement was contained in a statement on Monday by the Secretary to the Government of the Federation, Mr David Lawal.

Earlier, six heads of agencies and parastatals under the Ministry of Information and Culture were sacked.

The Statement read: “The President of the Federal Republic of Nigeria, Muhammadu Buhari has approved the immediate disengagement of the following Chief Executive Officers of the under-listed Parastatals, Agencies and Commissions”.

President Buhari also approved that the most senior officers in the Parastatals, Agencies and Councils oversee the activities of the organisations pending the appointment of substantive Chief Executive Officers.

According to the statement, President Buhari, however, thanked the affected government officials for their invaluable services to the Nation and wished them well in their future endeavours.

List of the 26 parastatals and agencies.

(i) Nigerian Television Authority (NTA)
(ii) Federal Radio Corporation of Nigeria (FRCN)
(iii) Voice of Nigeria (VON)
(iiii) News Agency of Nigeria (NAN)
(v) National Broadcasting Commission (NBC)
(vi) Petroleum Technology Development Fund (PTDF)
(vii) New Partnership for Africa’s Development (NEPAD)
(viii) Nigeria Social Insurance Trust Fund (NSITF)
(ix) Nigerian Content Development and Monitoring Board(NCDMB)
(x) Federal Mortgage Bank of Nigeria (FMBN)
(xi) Tertiary Education Trust Fund (TETFund)
(xii) National Information Technology Development Agency (NITDA)
(xiii) Petroleum Equalization Fund
(xiiii) Nigeria Railways Corporation (NRC)
(xv) Bureau of Public Procurements (BPP)
(xvi) Bureau of Public Enterprises (BPE)
(xvii) Petroleum Products Pricing Regulatory Agency (PPPRA)
(xviii) Standard Organization of Nigeria (SON)
(xix) National Agency for Food and Drugs Administration and Control (NAFDAC)
(xx) Nigeria Investment Promotion Council (NIPC)
(xxi) Bank of Industry (BoI)
(xxii) National Centre for Women Development (NCWD)
(xxiii) National Orientation Agency (NOA)
(xxiiii) Industrial Training Fund (ITF)
(xxv) Nigerian Export-Import Bank
(xxvi) National Agency for Prohibition of Traffic In Persons and Other Related Matters (NAPTIP).

NEXIM Bank To Create Credit Facility For Exporters

The Nigerian Export-Import (NEXIM) Bank is working to provide buyer-credit facilities to potential buyers of Nigerian non-oil products, as a way of boosting exports and deepening transactions with the nation’s trading partners, particularly those in the West- Africa region.

Nexim bank Managing Director, Roberts Orya, said the initiative is to make Nigeria’s non-oil exporters more competitive in the marketplace and enable them have an edge over their peers by 2015.

According to him, NEXIM bank is in talks with its shareholders, the Central Bank of Nigeria (CBN) and Ministry of Finance, to get them to enhance the bank’s share capital so that they can use part of it to begin to offer buyer credit facilities.

Buyers credit is a financial arrangement in which a bank or financial institution, or an export credit agency in the exporting country, extends a loan directly to a foreign buyer, or to a bank in the importing country, to pay for goods and services from the exporting country.