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FG Restates Commitment to Position Aba-Made Products on Global Standards

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Dr. Dikko Umaru Radda, the Director General, Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), has said that the federal government is committed to assisting entrepreneurs from the Aba business cluster to further develop and standardize their products to meet national and international markets requirements.

Speaking at a media briefing in Abuja on the 2021 Made-in-Aba Trade Fair, Radda said the exhibition had become an important annual feature in the Federal Capital Territory (FCT) business promotion calendar in the country.

According to him, the ‘Made in Aba Trade Fair’ remains a flagship trade promotion activity between the National Assembly and SMEDAN through the Zonal Intervention Programmes.

He said part of the objective were to bring to limelight the challenges and prospects of MSMEs, increase public awareness among the target participants on the strategic benefit of taking part in the fair as well as other SMEDAN programmes and achievements within the year under reference.

The SMEDAN boss also explained that the initiate sought to create public awareness about the agency activities and programmes.

He said as the agency responsible for the development and promotion of MSMEs in the country, SMEDAN would be marking the event annually, ensuring that the fair is a major tool for promotion, communication, marketing, networking and strong platform for cross fertilization of ideas.

He said the event would be implemented in three phases including the pre-exhibition, exhibition, and post-exhibition.

He said considering the ripple effects of the COVID-19 pandemic on businesses, individual income, GDP and the economy as a whole, the theme of the fair would center around ‘’Harnessing Business Opportunities Beyond COCID-19 Drawbacks” as well as sub-theme as “MSMEs: the Bedrock for Nation Building and Inclusive Recovery’’.

He said: “There is no better time than now for the indigenes of Abia State to leverage on government intervention programmes to enhance their products and services especially in the areas where they have comparative and competitive advantages.”

He further explained that the event is tagged “Made in Aba” “because it is a rare opportunity for clusters in Aba to interact with the agency one-on-one, acquire business information, make general enquiries and access to free business counselling,

interface with business and other agencies for enquiries, access to relevant information peculiar to their various businesses well as appreciate and promote locally made goods and services.

On the supply side, he said the fair also gives the agency the opportunity to assess the capabilities of MSMEs to enable it design need-based intervention programmes for the sector.

He added that SMEDAN’s assistance and support for MSMEs is not limited to local fairs, pointing out that there are many other platforms that the agency is using to enhance the competitiveness of operators including regional and international exhibitions.

He listed other support programmes to include the One Local Government One Product (OLOP), Mind shift, Conditional Grant Scheme (CGS), MSME Digital Academy, Micro Small and Medium Enterprises Registration Programme (MMRP) and Advancement for women in Agriculture, Agro-Allied(AWAKE).


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General News

World Bank Blocks Social Media Comments from Nigerians over Loan Backlash

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World Bank has restricted comments on its Instagram page after thousands of Nigerians flooded the platform begging them to stop lending money to Nigeria.

World Bank Blocks Social Media Comments from Nigerians over Loan Backlash

The protest erupted after reports that President Bola Ahmed Tinubu is seeking a fresh $1.25 billion dollar loan for approval on June 26.

Some Nigerians asked the World Bank to provide more details about the purpose of the loan and how the funds would be managed.

Others said the country should reduce dependence on foreign loans and focus on improving local revenue.

The federal government has continued to defend its borrowing plans.

Officials say the funds will support economic reforms, development projects and efforts to strengthen the economy.

Nigeria remains one of the major borrowers from the World Bank in Africa, with different administrations securing loans over the years for infrastructure, social programmes and economic support.


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Lagos Plans New Cybersecurity Centre

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The Lagos State Government plans to establish a Cybersecurity Operations Centre to strengthen protection of government systems, digital services and citizen data amid rising cyber threats linked to the city’s expanding digital economy.

Tunbosun Alake, Lagos commissioner for innovation, science and technology, said the centre would help secure the infrastructure supporting online payments, e-government services, cloud platforms and technology-driven business operations across the state.

According to Alake, the facility will monitor, detect and respond to cyber threats targeting government networks, digital transactions and sensitive public data.

The move comes as Lagos accelerates its smart city agenda through investments in broadband infrastructure, digital identity systems and automated public services.

Alake said Lagos had already deployed 109 Data Protection Officers across Ministries, Departments and Agencies, which he described as the highest number among Nigerian states, to strengthen compliance with data protection regulations.

Alongside the proposed cybersecurity centre, the state also launched the Lagos Campus Network Upgrade project aimed at improving digital infrastructure within the public sector.

The upgrade is expected to improve network performance, automate internal government processes and enhance digital engagement with residents. The cybersecurity initiative follows the release of Lagos State’s cybersecurity guidelines in April.

The framework recommends measures including multi-factor authentication, vulnerability testing, encrypted backups and tighter endpoint security controls.

The guidelines align with Nigeria’s Cybercrime Act 2024, the Nigeria Data Protection Act 2023 and the National Cybersecurity Policy and Strategy 2021.

 


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LG Electronics Strengthens Household Energy Efficiency in Nigeria with Advanced Inverter Refrigerator Solutions

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LG Electronics (LG) is reinforcing its commitment to smarter and more energy‑efficient living by spotlighting its range of inverter‑powered refrigerators designed to meet the evolving needs of Nigerian households.

As electricity costs continue to rise and inflationary pressures shape consumer spending, LG’s refrigerator portfolio is positioned as a practical solution that combines dependable performance with responsible energy consumption.

Refrigerators are among the most frequently used appliances in Nigerian homes, operating 24 hours a day and accounting for a significant share of household electricity usage. LG addresses this challenge through its proprietary Inverter Compressor technology, which intelligently adjusts cooling power based on actual usage conditions.

By reducing unnecessary energy draw, the system delivers stable temperature control while helping households lower energy consumption and manage monthly utility costs more effectively.

Beyond energy savings, LG refrigerators are designed to support food security and reduce waste, an increasingly important consideration for families navigating rising food prices. The inverter system enables faster cooling recovery after power interruptions and helps maintain consistent internal temperatures, preserving food freshness for longer periods. With fewer friction points in the compressor design, LG refrigerators also offer enhanced durability and long‑term reliability, minimizing maintenance costs over time.

LG’s energy‑saving refrigerator lineup includes Top Mount, Side‑by‑Side, and Door‑in‑Door models, each tailored to different household sizes, storage needs, and lifestyle preferences. The Top Mount refrigerators offer practical, space‑efficient designs ideal for everyday family use, delivering reliable cooling with optimized energy efficiency.

The LG GN-F452PFAQ model keeps food perfectly fresh with FRESH Converter+ that optimizes temperature as per food items and never runs out of ice with the Auto Ice Maker.

For households that require larger storage capacity and improved organization, Side‑by‑Side models provide generous interior space, improved visibility, and consistent cooling across compartments.

For more design‑conscious consumers, LG’s Door‑in‑Door refrigerators reduce cold air loss by allowing quick access to frequently used items, supporting both energy efficiency and long‑lasting freshness.

At the premium end, LG continues to innovate with advanced models such as the MoodUP™ refrigerator, which combines customizable aesthetics with functional energy‑saving features like the InstaView panel, allowing users to view contents without opening the door and reducing unnecessary cold air loss. This refrigerator comes with a washing machine as a bundle promotion.

According to LG, this range‑based approach reflects a deep understanding of how Nigerian households differ in size, consumption habits, and lifestyle needs.

“Nigerian consumers are becoming more intentional about how they use energy and manage household costs,” said Mr. Oktai Kim, General Manager, Home Appliance Solutions, LG Electronics Nigeria. “By offering a diverse range of inverter‑powered refrigerators, we are giving families the flexibility to choose solutions that suit their homes while delivering long‑term value through energy efficiency and dependable performance.”

Rather than focusing on technology alone, LG’s energy‑saving refrigerator portfolio emphasizes everyday benefits, efficient operation, reliable cooling, and designs that adapt to real living conditions. Available nationwide, LG refrigerators continue to support smarter living and economic resilience, reinforcing the company’s commitment to delivering durable, consumer‑focused home solutions for Nigerian households.


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