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CPPL, Exodus Capital to Enhance Nigerian SMEs Growth & Profitability

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Ikechukwu Kalu is the chief executive officer/lead consultant of Customer Passion Point Limited.
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Customer Passion Point Limited (CPPL) & Exodus Capital have announced plans to host 2015 SME growth seminar next month.

The Seminar with the theme, “Taking your business to the next level”, according to the organisers, is aimed at addressing SMEs’ concern over the current economic conditions in Nigeria.

SMEs in recent times are wondering if there would ever be a breather for them given the way the economy is swinging.

These are genuine concerns and help has come as Customer Passion Point Limited (CPPL) and Exodus Capital is set to hold a one day intensive seminar on how to imbibe a value creation mindset as a strategy for growth and profitability.

Speaking about the Seminar, Mr Ikechukwu Kalu, chief executive officer of CPPL said, ‘There are principles with which businesses must operate in challenging seasons. There are business practices that must function excellently for businesses to thrive in tough times. These are of utmost importance for SMEs at this time, more than ever before’.

SMEs are a very important part of the Nigerian economy. In countries at same levels of development with Nigeria, SMEs contribute a much higher proportion to GDP than currently observed in Nigeria. Compared to other emerging markets, Nigeria has historically shown lack of commitment to building a strong SME sector.

With the Nigerian economy currently threatened by the events in the oil sector, its ripple effect on foreign exchange earnings as well as the devaluation of the Naira, the SME Sector of the economy is also vulnerable

This sector, which is expected to contribute to the GDP, employment and export generation as well as increase value addition and technological advancement, may not be able to pull its weight under the current circumstances.

Commenting on the seminar, Mr. Adebiyi Fajemisin, director of Exodus Capital said that ‘Capital, particularly long term capital is required for business growth. There is a lot of capital available to small businesses but most businesses are not properly positioned to harness them. This seminar will assist participants identify how to begin the process of successfully raising capital for the next level of their businesses”

The seminar will draw the attention of participants to how to run their businesses well and plan their expansion. The seminar will cover key aspects of the capital raising process and the tools they can utilise to assess investor readiness.

‘We believe that this Seminar will expand the horizon of SMEs and accelerate their value creation ability so they can compete favorably. A seminar of this nature is long overdue and we can’t wait to see the ripple effect it will create within the sector and the economy at large’ Kalu noted.

To ensure that SMEs are able to attend at the most pocket friendly fees, we will seek for the partnership of organisations that facilitate the operations of SMEs by the very nature of their business. There will be three (3) sponsorship categories for interested partners to choose from in addition to the opportunity to exhibit their products and services at the venue.

Customer Passion Point Limited (CPPL) is a value creation consultancy.

They are committed to building capacity for businesses to enable them understand and leverage the passion points of their customers to create value and support SMEs and help them to improve productivity, increase sales and make good returns.

Exodus Capital, on the other hand, is an advisory and investment company focused on SME development, impact funding and investments across Sub-Saharan Africa.

Its purpose is to offer our strategy expertise with funding opportunities, to make a real difference in SMEs.


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Google, UpSkill Universe Relaunch Hustle Academy to Bring Free AI Skills to Africans

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Google and UpSkill Universe, Sub-Saharan Africa’s leading AI and business skills training partner, have announced a major redesign of the Google Hustle Academy programme.

For the first time, the free training initiative is open to everyone, not just business owners. The new curriculum is focused on equipping individuals and entrepreneurs with practical AI skills.

Small businesses are the engine of Africa’s economy, creating over 80% of jobs on the continent. To help them grow, the Hustle Academy was launched in 2022, providing bootcamp-style training on business strategy, digital skills, AI, and leadership. The program has since trained over 18,000 SMEs, with many reporting increased revenue and job creation.

Now, as AI reshapes the job market, the program is evolving. The 2026 edition is built for anyone in Sub-Saharan Africa, including employees, students, and jobseekers, who wants to use AI to advance their career.

To meet the needs of a diverse audience, the new format includes short, 60-minute webinars and more immersive, high-impact bootcamps. These sessions are laser-focused on putting AI to work immediately in areas like digital commerce, marketing, and growth strategy.

Speaking about the academy, Gori Yahaya, Founder & CEO UpSkill Universe said “The 2026 Hustle Academy is designed to close the AI Skills gap with hands-on training that is short, focused, and immediately useful. AI is reshaping how businesses win and how careers are built, right across this continent.

“We’re excited to renew our partnership, now in its fifth year with Google, combining their global AI leadership with our deep regional AI expertise. The next wave of AI leaders will come from this continent. We are making sure they are ready.”

The Hustle Academy initiative has strengthened digital competitiveness across emerging African economies by enabling SMEs to move beyond AI awareness to practical implementation, positioning them for sustained growth in an increasingly AI-driven business environment.

“We believe that the future of Africa’s digital economy lies in the hands of individuals and entrepreneurs alike. Our new strategy focuses on scaling reach by training individuals in the latest AI-centered tools and techniques,” said a Google representative.

 


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Lagos Govt Drags Top Firms to Court Over Billion-Naira Tax Debts

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Lagos State has dragged 45 individuals and firms, including Bi-Courtney Aviation, DAAR Communications and Leaders & Company, to revenue court for tax debts running into billions of naira.

Lagos Govt Drags Top Firms to Court Over Billion-Naira Tax Debts

Lagos Govt

Bi-Courtney, operators of Murtala Muhammed Airport Terminal Two, faces N38.7 million claim; DAAR, behind Africa Independent Television, owes N22.4 million; ThisDay publishers Leaders & Company allegedly skip N67.1 million.

GMT Energy Resources tops corporates at N145.8 million, followed by Sheriff Deputies at N132.1 million; others like Heyden Petroleum, AA Rescue, BRT operator Primero also listed.

Individuals owe N13.5 million to N35 million each.

Attorney-General Lawal Pedro said suits followed ignored notices, aiming to enforce laws and fund infrastructure.

More defendants: IENG Nigeria, James Fisher, V Care Diagnostics, Venture Garden, Saro Africa, Barry Callebaut, Native Media, First Consulting, Eyowo Payments.

Compliant taxpayers post-notice escaped prosecution; defaulters risk penalties, interest, jail.

Pedro urged prompt filings and payments.


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Beware of Fake Cerelac Products – NAFDAC

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National Agency for Food and Drug Administration and Control (NAFDAC) has alerted Nigerians on counterfeit and unregistered Cerelac Mixed Fruits and Wheat products being sold in Lagos.

Beware of Fake Cerelac Products – NAFDAC

NAFDAC said Nestle Nigeria, the genuine Marketing Authorisation Holder of the product, received a complaint of suspected counterfeit purportedly manufactured by Nestlé Spain, bearing Batch Code 308002910.

It said that Nestle Nigeria reported that the complainant described that the counterfeit product emitted an odour suggestive of possible contact with fuel.

NAFDAC said that preliminary review of the product by Nestle Nigeria indicated that it had expired, in spite of the container displaying an expiry date of 10-2026, which suggested that the date coding had been tampered with (revalidated).

Nestle Cerelac Mixed Fruits and Wheat is a nutritious infant cereal, designed to be a delicious first food for infants.

NAFDAC said that its post-marketing surveillance’s directorate officers in Lagos conducted a surveillance visit to Maxland Shopping Centre, 193 Ago Palace, Okota, where the product was purchased by the complainant.

It added that the suspected counterfeit and unregistered Cerelac were found on sale at the premises and subsequently mopped up, while Nestle assisted in identifying the distinguishing features between registered and unregistered product.

According to the regulatory agency, Nestle revealed that the unregistered product used a hyphen (-) to separate the day from the year, while the registered product used a slash (/) to separate the day from the year.

“It is important to note that Nestle Nigeria is not aware of the channels through which the products are supplied into the country.

“Healthcare professionals and consumers are advised to report any suspicion of the sale of substandard and falsified regulated products to the nearest NAFDAC office, call 0800-162-3322, or send an email to [email protected],” NAFDAC said.

The agency warned that counterfeit formula often lacked essential nutrients, vitamins and minerals, leading to stunted growth or developmental issues.

It said that such formula might also contain contaminants that might lead to severe health consequences to infants or even death.

NAFDAC reiterated its commitment to safeguarding public health adding that it would continue surveillance activities to ensure the quality, safety, and efficacy of all NAFDAC-regulated products circulating in Nigeria.

It said that all zonal directors of the agency and state coordinators had been directed to carry out surveillance and mop up the revalidated product, if found within the zones and states.

The agency urged distributors, retailers, healthcare professionals, and caregivers to exercise caution and vigilance within the supply chain, to avoid the distribution, sale, and use of fake products.


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