Business
Expert Tasks SMEs On Business Growth
The Small and Medium Scale Enterprises (SMEs), operators, have been advised to develop internal capacity to expand their business horizon ahead of the reform in the power sector.
The Chief Executive Officer of Quest Advisory Services Ltd., Mr Bayo Rotimi, made this known to newsmen in Lagos, recently.
“SMEs owners can have business ideas through the internet and research materials,’’ he said.
He said that the reform in the power sector would open windows of business opportunities and those with creative ideas would benefit optimally from the transformation.
Rotimi said that the power sector would contribute over 20 per cent of what the telecommunication was currently contributing to the nation’s economy.
“We should expect a rapid transformation in the economy and those with good business ideas and plan will grow faster,” he said.
Rotimi said that cottage businesses were the drivers of any viable economy in the world, adding that power was critical to its sustenance.
“No doubt that the SMEs operators are the major drivers of any economy in the world, ultimately with the reform of power sector, SMEs operators should improve on their creativity.
“This can be achieved through in-depth researches, the use of internet applications and seeking information from experts.
“There are avalanche of business ideas over the internet that are yet to be tapped by entrepreneurs, good research will enable them to discover these opportunities,” he said.
He identified innovations, market intelligence, capital and technological skill as key to SMEs success.
Rotimi also urged the operators to develop good business plan and to have good understanding of their business environment.
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Blue Economy: Minister Seeks Lifeline In Blue Bond Amid Budget Squeeze

Ministry of Marine and Blue Economy is seeking new funding to implement its ambitious 10-year policy, with officials acknowledging that public funding is insufficient for the scale of transformation envisioned.
Adegboyega Oyetola, said finance is the “lever that will attract long-term and progressive capital critical” and determine whether the ministry’s goals take off.
“Resources we currently receive from the national budget are grossly inadequate compared to the enormous responsibility before the ministry and sector,” he warned.
He described public funding not as charity but as “seed capital” that would unlock private investment adding that without it, Nigeria risks falling behind its neighbours while billions of naira continue to leak abroad through freight payments on foreign vessels.
He said “We have N24.6 trillion in pension assets, with 5 percent set aside for sustainability, including blue and green bonds,” he told stakeholders. “Each time green bonds have been issued, they have been oversubscribed. The money is there. The question is, how do you then get this money?”
The NGX reckons that once incorporated into the national budget, the Debt Management Office could issue the bonds, attracting both domestic pension funds and international investors.
Yet even as officials push for creative financing, Oloruntola stressed that the first step remains legislative.
“Even the most innovative financial tools and private investments require a solid public funding base to thrive.
It would be noted that with government funding inadequate, the ministry and capital market operators see bonds as alternative financing.
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