Environment
SMEs: What Importance To Nigerian Economy?
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”.
The Federal Government has signed a Comprehensive Economic Partnership Agreement (CEPA) with the United Arab Emirates (UAE) to remove tariffs on selected products.
Rep. Sam Onuigbo a member of the Governing Board of the North-East Development Commission, disclosed this in an interview with newsmen in Abuja on Tuesday.
Onuigbo said that the agreement signed in Abu Dhabi from Jan. 11 to 15, marked a major breakthrough for Nigeria-UAE economic relations.
NAN reports that Onuigbo, a member of the House of Representatives of Nigeria who represented Ikwuano/Umuahia North and South Federal Constituency, served as Chairman, Committee of Climate Change during the 8th Assembly.
“Under the CEPA signed in January 2026, UAE will eliminate tariffs on 7,315 Nigerian products. This includes immediate duty-free access for 2,805 products (38.3 per cent).
” The rest will phase out over three to five years, covering agricultural and industrial goods.
“Similarly, under the Nigeria/UAE CEPA also signed in January 2026, Nigeria has eliminated tariffs on 6,243 products imported from UAE. That agreement creates these wonderful opportunities between Nigerians and the Emirates,” he said.
Onuigbo said that the agreement was massive as it would facilitate an environment for business owners in Nigeria.
He said the pact would enable verified Nigerian business owners to establish offices in UAE, operate for up to three months and return home with expanded commercial networks.
He commended President Bola Tinubu for the agreement, saying it aimed at repositioning the country while also creating an enabling environment for employment opportunities.
He reaffirmed Nigeria’s readiness for business, noting that the country also unveiled its carbon market framework policy to attract climate-focused investments
”Nigeria is a nation of nearly 250 million people and has had, over the years, the challenge of enough energy or power to be able to attain its economic and industrialisation targets.
“And because of that, Nigeria has been engaging in different activities, for instance, the Energy Transition Plan, enactment of the Climate Change Act, and the Electricity Act which the President signed barely eight days after he assumed office in 2023.
“This shows the importance of addressing the energy gap having enough energy. Electricity is a fundamental point to developing industrially which Nigeria deems necessary,” he said.
Onuigbo lauded Nigeria’s participation at the Abu Dhabi summit saying that the summit would strengthen global economic opportunity for people.
He added that the President’s collaboration would address the challenges and devastating effects of climate change as well as boost economic growth in 2026
Environment
HYPREP Completes Phase One Mangrove Restoration In Ogoniland, Warns Against Re-Pollution
The Hydrocarbon Pollution Remediation Project, HYPREP, says it has achieved a major environmental milestone in Ogoniland with the full completion of Phase One of its mangrove restoration programme, even as it warned that renewed pollution could erase years of painstaking cleanup.
“We have completed Phase One planting and restoration at 100 per cent. We are now in the monitoring stage, with some sites already observed for up to nine months,” he said.
Beyond mangroves, Aguiyi reported significant progress in soil and groundwater remediation, describing the last quarter as one of HYPREP’s most productive periods since the Ogoni cleanup commenced.
He disclosed that shoreline cleanup has reached about 77 per cent completion, while access to safe drinking water has expanded across Ogoni communities.
“We have restored 100 per cent potable water supply to Ebubu, and reconstruction work has commenced at the Gwara Waterfall,” Aguiyi stated.
On infrastructure, he said key equipment for the long-awaited Ogoni Power Project has been procured and secured at the Wiyaakara substation, signalling movement toward energy support for the restoration effort.
Despite the progress, Aguiyi warned that re-pollution remains the single greatest threat to the success of the Ogoni cleanup.
“Our major concern is waking up one day to find areas cleaned with Ogoni people’s resources re-polluted by activities beyond our control,” he said, stressing that environmental recovery must be protected as much as it is delivered.
He attributed the sharp decline in illegal artisanal refining in Ogoniland over the past two to three years to sustained community engagement and alternative livelihood programmes, which he said have reduced economic dependence on destructive practices.
“We have not recorded incidents of artisanal refining in Ogoniland in the last two to three years, and that is the result of consistent sensitisation and viable livelihood options,” he added.
Aguiyi reaffirmed HYPREP’s willingness to collaborate with companies and partners operating in Ogoniland, noting that initiatives aligned with the project’s environmental and social objectives would be reviewed and adopted where appropriate.
He also said recommendations from recent independent and internal reports are already being implemented, underscoring HYPREP’s commitment to transparency, accountability, environmental recovery, and improved livelihoods for Ogoni communities.
Environment
Over Six Million Benue Residents Exposed To Neglected Tropical Diseases – State Government
The Commissioner for Health and Human Services, Dr. Paul Ogwuche, disclosed this during a press conference to mark the 2026 World Neglected Tropical Diseases Day, organised in collaboration with Sightsavers and themed “Unite, Act, Eliminate Neglected Tropical Diseases (NTDs).”
Represented by the Permanent Secretary of the ministry, Dr. Beatrice Tsavmbu, the commissioner announced the successful elimination of blinding trachoma in Gwer East, Gwer West and Ukum Local Government Areas, attributing the feat to years of targeted interventions, strong community participation and sustained implementation of the state’s NTDs Control and Elimination Programme.
“I am proud to announce the elimination of blinding trachoma in three of our most affected areas—Gwer East, Gwer West and Ukum. No longer will these communities face the blindness that trachoma has long inflicted,” she said.
However, Dr. Tsavmbu noted that Benue State remains highly endemic for several NTDs, with all 23 local government areas experiencing overlapping disease burdens. She listed the diseases to include onchocerciasis (river blindness), lymphatic filariasis (elephantiasis), schistosomiasis (bilharziasis), soil-transmitted helminth infections (intestinal worms), leprosy, buruli ulcer and snakebite envenoming.
“These conditions collectively put over six million people in Benue State at risk,” she stated.
She revealed that the state had treated an average of more than five million people over the past five years through preventive chemotherapy, morbidity management and disability prevention, supported by Water, Sanitation and Hygiene (WASH) initiatives and integrated vector control.
Dr. Tsavmbu also announced a major breakthrough in the fight against river blindness, noting that onchocerciasis endemicity in the state had been reclassified from ongoing transmission to suspected interruption of transmission.
On lymphatic filariasis, she disclosed that 1,064 hydrocele cases had been successfully managed through free surgeries, while 442 lymphoedema patients received free management kits to prevent disease progression. She added that 44 trachoma trichiasis cases were also treated through free surgical interventions.
According to her, Ukum, Logo and Konshisha LGAs have passed Transmission Assessment Survey 1 for lymphatic filariasis, allowing for the cessation of mass drug administration in those areas. In addition, seven other LGAs—Ado, Apa, Kwande, Obi, Ohimini, Oju and Tarka—successfully passed epidemiological monitoring surveys in 2025.
She attributed the progress recorded to strong inter-sectoral collaboration involving agencies such as the Benue Rural Water Supply and Sanitation Agency (BERWASSA), the State Universal Basic Education Board, the Ministry of Education, civil society organisations and security agencies. She also cited the inauguration of the State NTDs Advisory Committee and improvements in supply chain and logistics management systems.
In a related remark, Prof. Edward Omudu of the Department of Biological Sciences, Moses Orshio Adasu University, Makurdi, revealed that the National Universities Commission had recently approved Nigerian universities to offer degree programmes in Water, Sanitation and Health, describing the move as a critical step toward strengthening disease prevention and public health capacity in the country.
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