News
NBS, SMEDAN Begin Assessment of Govt Policies on MSMEs

National Bureau of Statistics(NBS) in collaboration with the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) yesterday began another round of survey on the impact of government policies on the Micro, Small and Medium Enterprises sector.
The survey which would cover the 36 states of the federation and the Federal Capital Territory would enable the federal government determine the exact contribution of the sector to Gross Domestic Product, employment and the level of their access to the service of the SMEDAN.
Other objectives of the survey are to determine the growth rate of MSMEs, determine the level of access to finance by MSMEs, identify the skill gaps within that sub-sector of the economy, determine the number of MSMEs in the country as well as their challenges and constraints.
The last time such exercise was carried out by the bureau was in 2010 and that survey had revealed that there were 17.28 million MSMEs in Nigeria employing 32.41 million people.
Addressing journalists during the field exercise in Abuja, Tunde Oladokun, NBS State Officer for FCT, said the survey would also help to furnish the government and other stakeholders with useful information with which to make appropriate policies toward promoting and developing MSMEs going forward.
He said since MSMEs are vital to the development of any country, particularly as they promote inclusive growth in any economy by providing employment to a large number of people, there is need to address the dearth of information about their number, people they employ and sectors they operate in Nigeria.
He said, “The exercise we are carrying out is for the MSME and it is in collaboration with SMEDAN which is an agency in charge of MSME in Nigeria.
“We want to collect data to help us know what are the challenges facing this MSME. The data at the end of the day will also assist us determine the contribution of this sector to GDP growth in Nigeria
It will also help us on the jobs available in this enterprise and assist government to get information on number of jobs available in this MSME sector.”
He said the exercise will last for 12 days adding that the survey was conceived as part of concerted response to the challenges of building a credible and reliable MSME database required to strategically reposition the sector.
News
EFCC Witness Admits Writing Off Arik Air’s $2.3M Debt Amid N76Bn Fraud Trial


News
Anambra Shines in 2025 E-Governance Rankings, Setting National Standards

Anambra State has once again demonstrated its leadership in digital transformation, emerging as one of Nigeria’s top three states in the 2025 e-Governance Report published by the Panorama CIAPS Governance Performance Index (CGPI).
According to the report — a collaborative effort between Nigerian Panorama and the Commonwealth Institute of Advanced Professional Studies (CIAPS) — Anambra ranks alongside Lagos and Enugu as the leading states in adopting and implementing e-governance practices that foster accountability, transparency, and improved service delivery.
In his remarks, Professor Anthony Kila, Director of CIAPS, emphasized the importance of e-governance in shaping how governments interact with citizens. “The centrality of e-governance allows us to assess the performance of state governments in the country. How the government treats the digital world says a lot about them,” he said.
The report evaluated states based on a comprehensive set of criteria, including website security, up-to-date content, public engagement, availability of online services, policy updates, and user accessibility. Anambra’s performance reflects the state’s deliberate investment in digital infrastructure and its commitment to leveraging technology as a tool for inclusive governance.
Reacting to the recognition, the Managing Director/CEO of the Anambra State ICT Agency, Chukwuemeka Fred Agbata, CFA, described the report as a welcome validation of the efforts being made under the leadership of Prof. Charles Chukwuma Soludo, CFR, to reposition Anambra as a liveable and prosperous smart mega-city.
“This is not just about being tech-savvy,” Agbata said. “It’s about using digital tools to create real impact — making the government more accessible, responsive, and transparent. Anambra is building a digital future that works for everyone.”
The CGPI Report recommended that all states intensify efforts to train public servants, maintain digital platforms effectively, and build user-friendly systems that keep citizens informed and empowered. For Anambra, this recognition serves both as a milestone and a motivation to scale new heights.
As the journey continues, Anambra remains focused on setting the pace for e-governance in Nigeria in line with the Governor’s mantra of Everything Technology & Technology Everywhere.
News
SERAP Urges National Assembly to Reject Tinubu’s $24Bn Loan Request Over Debt Concerns

Socio-Economic Rights and Accountability Project (SERAP) has urged the National Assembly to reject the Tinubu administration’s request to borrow $24 billion, warning that the move would significantly deepen Nigeria’s debt crisis.
In a statement posted on its official X account, the advocacy group warned that the proposed borrowing would raise Nigeria’s total debt stock to an estimated ₦183 trillion—an amount it described as “clearly not sustainable and not in the public interest.”
“The National Assembly must immediately refuse to approve the Tinubu administration’s request to borrow $24 billion,” the group said. “The growing national debt is not sustainable and not in the public interest.”
SERAP expressed concern over the heavy burden of debt servicing, which it said is already consuming a substantial portion of government revenue, leaving little room for critical public investment.
Nigeria’s total public debt is projected to surpass ₦180 trillion following the president’s latest loan request. The borrowing plan includes a proposal for over $21.5 billion in external loans, which equates to ₦33.39 trillion at the official exchange rate of ₦1,590 per dollar. The administration is also seeking approval for a domestic bond issuance worth ₦757.9 billion to settle outstanding pension liabilities.
President Tinubu said the 2025–2026 borrowing plan targets key sectors such as infrastructure, healthcare, education, water supply, security, and employment generation. He noted that the plan is also intended to cushion the economic impact of fuel subsidy removal.
The total loan request comprises $21.5 billion, €2.19 billion, and 15 billion Japanese Yen, alongside a €65 million grant. Tinubu assured lawmakers that the funds would be directed toward development projects across all 36 states and the Federal Capital Territory, with emphasis on rail networks, healthcare infrastructure, and poverty alleviation programs.
On pension-related borrowing, the president explained that the proposed bond issuance is aimed at clearing backlogs under the Contributory Pension Scheme. The measure, he added, has already received approval from the Federal Executive Council and is expected to improve retirees’ welfare, restore trust in the pension system, and inject liquidity into the economy.
Nigeria’s public debt has surged in recent years, rising by 48.6% in 2024 to ₦144.66 trillion—up from ₦97.34 trillion in 2023. The Federal Government accounts for 95% of that total.
- E-Financial2 days ago
EFCC Recovers over N20Bn Stolen by Hackers from 6 Banks in Nigeria
- Telecom2 days ago
Engr. Ikechukwu Nnamani Receives Two Prestigious @ABoICT Awards
- Telecom2 days ago
FG to Deploy 80 Percent of 7000 Telecom Towers to North
- E-Financial2 days ago
UBA Launches *919# Advance Top-Up Feature for Instant Access to Customers
- E-Financial2 days ago
Ponzi Scheme Operators Risk N10m Penalty, Others- IST Chair
- News2 days ago
EFCC Recovers Funds, Arrests Suspects in N1.3 Trillion CBEX Crypto Fraud
- E-Financial2 days ago
Court to Deliver Judgment in NIBSS’ Suit against CBN, Others over BVN Database Management
- Telecom2 days ago
SBTS Group CEO Evelyn Lewis Named Among Nigeria’s Top 50 Digital Economy Leaders for Youth-Focused Tech Initiatives