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SMEs: What Importance To Nigerian Economy?

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The Small and Medium Enterprises (SMEs) sector, in recent times, has suffered many setbacks due to the COVID-19 pandemic and the #EndSARS protests that are currently rocking the country.
This week, The Tide’s Business Unit takes a look at the importance of the SMEs to the Nigerian economy and why the sector should be given proper attention by the government.
Our senior correspondent, Lilian Peters, went to town to have a chat with some entrepreneurs in Port Harcourt and here is what she came back with.
Chief Executive Officer of BenFather Enterprises, Rev. John Benneth, believes that without the SMEs, the demand and supply of the masses in any society cannot be met.
“The SMEs are the economic hub of the country and play a very important role in revenue generation.
“It is unfortunate that the same sector has not been given the required attention to thrive which will in turn benefit the society.
“Government should provide conducive environment for the SMEs and checkmate the excesses of touts and police who take undue advantage of the sector”, he said.
Rev. Bennett noted that many investors had left the country due to insecurity and lack of conducive business environment.
According to him, the harsh economic reality in the country has negatively affected the SMEs. He said the sector required urgent attention of the government to bounce back.
On the ongoing #EndSARS protests in the country, he said, “the youths are fighting a just cause, but unpatriotic Nigerians have hijacked the protests which resulted in the destruction of lives, property and even the business of SMEs”.
Chief Executive Officer/Managing Director of GEEPICS International Limited, Mr Gideon Emeh, says SMEs play a major role in the nation’s economy.
“The only way a nation can boast of a sustainable economic growth is by having a stabilised SME which is the backbone of any economy.
“Growth of SMEs is a sign of a good economy because they pay taxes, provide jobs for others and are also responsible for currency flow”, he said.
Emeh who deals on system softwares, security and engineering programming said the Federal Government has not done enough to help the growth of SMEs in the area of stable power supply, good infrastructure and harmonised taxation.
He urged small and medium entrepreneurs to always invest in self development and acquisition of current skills.
“When you do trial and error in business, chances are that you may succeed out of perseverance or fail out of frustration”, he said.

Managing Director of Ogbom Welding & Fabrication Works, Mr Christopher Ogbonna Nduka, says the importance of SMEs cannot be over-emphasised in the society.
SMEs, he noted, play an important role in reducing crime rate, providing services to the masses and also maintaining the systems put in place by the government.
According to him, “just as welding works provide security to properties, so do SMEs secure economic growth for the country”.
Nduka noted in strong terms that any country that wants a sustainable economy does not play with the entrepreneurs who drive its economy.
“Nigeria should make more moves to help the SMEs in the country to develop like other countries.
“Here, government is only interested in collecting one revenue or the other. Nobody cares for our welfare. Whether we make gain or not, we must generate revenue to all the three tiers of government in addition to contending with the touts who are ready to fight and destroy our working tools.
“This is the reason why we have many businesses closed down after the COVID-19 pandemic and now EndSARS”, he said.

Managing Director of DIDI Concepts, Mrs Lilian Ndidi Onuoha, says the SMEs play a very important role in the development of any nation.
Mrs Onuoha who deals on wares said, “the SMEs do not depend on government for employment, but rather create jobs for themselves and even employ people to reduce the level of unemployment that increases the crime rate in the society”.
She however, observed that the SMEs in Nigeria today “are below average compared to those of other countries.
“Government needs to do more in terms of financial support, encouragement and infrastructural development,”
She added that “the #EndSARS protests have also impacted negatively on the SMEs. The initial motive of the protesters was good but hoodlums hijacked it and damaged, looted and burnt businesses that SMEs built, nurtured and grew for many years”.

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WDC: Rivers State Deputy Governor, Prof. Odu  Call Inclusion Of Woman And Girls Decision Making 

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The Deputy Governor of Rivers State, Ngozi Nma Odu, has called for greater inclusion of women and girls in decision-making processes across all sectors, stressing that amplifying their voices is critical to national development.
Rivers State Deputy Governor, Prof. (Mrs.) Ngozi Nma Odu (Right), Launching the CIFAL Nigeria’s Voices of Experiences during the Mentoring the Next Generation and Joint Commemoration of UN International Women’s Day and World Water Day at the Rivers State University Complex,
She made the call during the launch of the “Voices of Experience” mentorship programme and the joint commemoration of the International Women’s Day and World Water Day at Rivers State University on Tuesday.
Odu underscored the burdens borne by women, particularly in rural communities, where they play central roles in water sourcing and food production. She reaffirmed support for initiatives that promote gender advocacy, noting that women’s lived realities must inform policies.
She also stressed the need to sustain the 30 per cent affirmative action for women’s inclusion, urging women to emulate pioneers such as Margaret Ekpo and Funmilayo Ransome-Kuti, who championed women’s rights in Nigeria’s past.
Drawing from local experience, Odu recounted how women in Egi community mobilised to demand change by peacefully protesting at an oil facility, demonstrating the power of collective action.
She further advocated partnerships with CIFAL Nigeria and UNITAR to deepen mentorship for young people, noting that such collaborations are essential for building inclusive governance and transferring values to future generations.
The Vice-Chancellor of the university, Isaac Zeb-Obipi, emphasised the need to recognise women’s contributions globally, particularly in water management. He called for increased investment in women’s education and empowerment to ensure access to clean water.
Zeb-Obipi also pledged to align the institution’s academic and research activities with the United Nations Sustainable Development Goals, while commending CIFAL Nigeria for its innovative programmes.
In her keynote address titled Inclusive Leadership: Building Institutions that Reflect All Voices, former Commissioner for Information, Ibim Semenitari, lamented declining female political representation. She noted that women’s participation, which rose from 1.8 per cent in 1999 to about 8 per cent in 2007, has dropped to roughly 4 per cent.
According to her, the issue is not participation but systemic exclusion, describing it as “a justice problem.” She also decried barriers facing youths and persons with disabilities, including limited access to leadership opportunities and inclusive education systems.
Director of CIFAL Nigeria, Ihuoma Njemanze, said the centre aims to bridge generational gaps by engaging young people—particularly digital natives—in conversations on women’s empowerment and sustainable development.
She disclosed plans to create platforms for dialogue, global exchanges and capacity-building initiatives aligned with UN goals.
Also speaking, Herritta Ogan identified cultural and institutional barriers as persistent obstacles to women’s advancement, while highlighting weak mentorship among women as a critical gap.
The event featured mentorship sessions, panel discussions and award presentations, reinforcing calls for inclusive leadership and sustained advocacy for gender equality.
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FG Alls For stronger Partnerships, Women Inclusion In Water Governance

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The Federal Government has called for stronger collaborations and increased participation of women in water governance to ensure equitable access to water and sanitation nationwide.
The Minister of Water Resources and Sanitation, Prof. Joseph Utsev, made the call at a news conference to commemorate the 2026 World Water Day.
He said the day, instituted by the United Nations, highlights the importance of freshwater and promotes sustainable management of water resources globally.
Utsev noted that the theme, “Water and Gender: Where Water Flows, Equality Grows,” underscores the link between water access, sanitation and gender equality, aligning with Sustainable Development Goals (SDGs) 5 and 6.
The minister stressed that inclusive governance and women’s participation are essential for sustainable development and national growth.
Utsev said the ministry had constructed and rehabilitated over 6,700 water schemes, providing safe drinking water to more than 32 million Nigerians.
“Rural interventions have benefited over two million people, while about 500 additional projects were implemented across Benue, Jigawa, Gombe, Nasarawa, Bauchi, Borno, Yobe, Ogun, and Niger states.
According to the minister, the ministry has completed two National Water Quality Reference Laboratories in Asaba and Umuahia to enhance monitoring and protect public health.
“The Dadin Kowa irrigation scheme delivered 2,000 hectares of land to farmers, including women, while micro-irrigation projects were completed in Jigawa, Oyo, and Kwara, with additional schemes underway in Kebbi,” Utsev said.
“Other dams recording progress include Mangu, Adada, and Ogbesse, while Alau Dam in Borno is being strengthened to improve flood control and water supply to Maiduguri,” he added.
The minister said the National Water Resources Institute had trained over 1,500 youths in plumbing, drilling, and water technology, while 24 water-use licences were issued to ensure equitable allocation of resources.
He noted that River Basin Development Authorities had developed over 154,000 hectares of irrigable land, benefiting more than 1.6 million farmers.
Utsev reaffirmed government’s commitment to inclusive water access and dignified sanitation, urging all stakeholders to collaborate to ensure no one is left behind.
“Water must become a force for equality, empowerment, and sustainable development,” he said, commending development partners, state governments, civil society organisations, and traditional institutions for their support.
He stressed that sustained investment, stronger coordination across federal, state, and local levels, and political will are key priorities, with women’s meaningful participation in planning and decision-making central to success.
The ministry’s Permanent Secretary, Dr Emanso Umobong, said World Water Day highlights the critical link between water and gender, noting that access to safe water directly affects women’s health, education, and economic empowerment.
Umobong was represented by Dr Adebiyi Tajudeen, Director, Finance and Accounts Department in the ministry.
She said gender-responsive water systems are essential to equitable and inclusive societies, and thanked development partners, civil society, and the diplomatic community for their support.
Umobong added that advancing water and sanitation is a direct pathway to achieving SDG 6 and SDG 5, emphasising that gender-inclusive governance strengthens system sustainability and resilience.
She outlined strategies including gender-responsive planning, targeted financing for schools and health facilities, robust data systems, and partnerships promoting women’s leadership at all levels.
“World Water Day is not merely ceremonial; it is a global call to action,” she said, urging stakeholders to amplify the message: “When water flows, equality grows”.
She added that tangible projects demonstrate the impact of gender-responsive water governance, citing functioning schools, operational clinics, thriving markets, and resilient communities.
Highlights of the event included the presentation of the 2026 UN World Water Development Report, Water for All People: Equal Rights and Opportunities, by Dr Enang Momah from UNESCO.
The report said gender inequalities undermine global water security, disproportionately affecting women and girls, who, in spite of managing household water, remain underrepresented in governance and technical roles.
“Unequal access also affects health, education, livelihoods, and safety, currently, 2.1 billion people lack safely managed drinking water, with women and girls spending 250 million hours daily collecting it”.
The report warned that climate change, water scarcity, and disasters worsen these inequalities, calling for stronger action to ensure equal rights, participation, and opportunities in water management.
The Tide source reports that a sensitisation and awareness campaign was held at the Lugbe axis to promote safe water use, especially among vulnerable populations.
The event also featured the distribution of sanitary products to women and girls, as well as the presentation of trophies to winners of the hygiene video skit competition.
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Environmentalists Raise Alarm As World Loses 10m

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Vice-Chancellor of Igbinedion University, Okada, Prof. Lawrence Ezemonye, on Thursday raised concerns over accelerating global deforestation, revealing that an estimated 10 million hectares of forests are lost every year.
Ezemonye raised the concern during activities marking the International Day of Forests at the university in Edo.
According to him, the level of deforestation poses far-reaching environmental and socio-economic threats.
Ezemonye said that Nigeria was not insulated from the trend, citing data from the Food and Agriculture Organisation which ranked the country among those with the highest deforestation rates in Africa.
“The consequences of this loss are grave,” he said, pointing to rising cases of flooding, desertification, ecosystem collapse, displacement of communities and the worsening impacts of climate change.
Describing the annual observance as more than ceremonial, Ezemonye said it should serve as a rallying point for urgent action.
He added that universities must play a central role as “custodians of knowledge and incubators of solutions.”
The V-C reaffirmed the institution’s commitment to environmental sustainability, emphasising that it remained a core institutional value beyond academic discourse.
The commissioner, who was represented by the Permanent Secretary, Mr Victor Otamere, said “protecting the forests is protecting our lives.”
Adams said that the state government had taken steps to safeguard forest resources, including the establishment of the Edo Forestry Commission.
The Chairman of the Forestry Commission, Mr Valentine Asuen, represented by Area Forest Officer for Ovia North East, Mrs Joan Omosigho, acknowledged the mounting pressure on forest resources and urged Nigerians to take responsibility for its protection.
Nwangwu listed the activities to include agricultural expansion, urbanisation and illegal logging.
He urged participants to move beyond rhetoric and commit to practical actions that would reverse environmental degradation.
The Tide reports that event, themed “Forests and Economies”, drew attention to the critical role forests play in sustaining livelihoods and supporting global economic systems.
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