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Why MSMEs Remain Stagnant In Nigeria – SMEDAN Boss

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Director-General, Small and Medium- scale Enterprises Development Agency of Nigeria (SMEDAN), Dikko Radda, says micro, small and medium-scale enterprises (MSMEs) in the country will remain stagnant and may not grow with the current lack of access to affordable finance and top-notch training programmes.
The SMEDAN boss also lamented the huge capacity deficits in key institutions with direct mandate to implement the recommendations in the National Policy on MSMEs.
Radda, represented by the Director, Policy Planning, Research, Monitoring and Evaluation of the agency, Wale Fasanya, said this at the close-out meeting on the Investment Climate Reform Facility Technical Support to SMEDAN and the Abuja Chamber of Commerce and Industry on the implementation of the new National Policy on the MSMEs (2021-2025) in Abuja.
According to him, one of the major constraints to starting or growing enterprises is finance.
“Government at both national and state levels have in the time past provided some form of financial interventions but with little impact. The need to robustly address the funding challenge obviously needs special study or research to be conducted.
“The report from such study should be able to suggest more sustainable and inclusive approaches to address the funding challenge faced by the operators and SMEDAN is open to partnerships in this regard.
“Most business owners in Nigeria don’t know they need capacity. People just start without them having the capacity. Some people start business just because they see others doing it. We need to let them know that they need capacity and proper packaging for them to sell their products.
“Sometimes, it is not the absence of finance but it is accessibility that is difficult. Maybe we can reduce some of the bottlenecks with these meetings”, he said.
Radda also explained that efforts were currently on to provide needed supports to states towards activating the implementation of the various actions at the state and local government levels.

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10 Ships With PMS, LNG, Others Arrive Eastern Ports, Today …Lagos Port Hosts 5 Ships With Frozen Fish

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The Management of Nigerian Ports Authority (NPA ) says a total of ten ships laden with different cargoes will arrive three Eastern Ports today.
The Ports are Onne, Calabar and Warri Ports, all located in South-South of Nigeria.
Vessels for Warri Port as Elizabeth A Spirit, Ozuchukwu, Akor, MT Picton and ST Walga, while those due for Calabar and Onne Ports are African Marvel, Asian Pride and Maersk Cubango.
Others are LNG Rivers and LNG Enugu for Onne port respectively.
This was contained in the Authority’s weekly Shipping Position, copy of which was made available to newsmen.
Names of the shipping Agents for Warri Port are Amco, Admiral, Pinapat, Blue seas and Kach, while that of Calabar is Allray Maritime Services.
Onne Port has Samcham, Maserk Nig Limited, West Atlantic Port services Nig Limited, and Comet Shipping Services as agents.
The statement added that the ten ships are laden with Premium Motor Spirits (PMS), Crude oil, LNG, Bulk Fertilizer, Containers, Inballast, and Float Glasses.
In the same vein, Lagos Ports will receive five ships laden with Frozen Fish, while sixteen ships would discharge their bulk cargoes.
NPA said out of 21 ships expected to arrive at the ports,16  are have bulk cargoes, while five are carrying Frozen Fish.
Other cargoes in the 16 ships include general cargo, bulk sugar, container, butane gas, petrol, bulk gypsum, jet fuel and automobile gasoline.
The NPA said the ships were expected to arrive at the ports from May 14 to May 26,2022
It stated further that 12 other ships had arrived at the ports and waiting to berth with bulk sugar, bulk salt, bulk wheat, bulk fertiliser, petrol and base oil, adding that 19 other ships were at the ports discharging bulk cargoes.
The bulk cargoes include, wheat, General cargo, frozen fish, bulk salt, ethanol, bulk sugar, container and petrol.

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FG Urges IMO To Retrain Port State Control Officers

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Worried by lack of training and re training of personnel in Ports State Control in Nigeria’s maritime industry, the Federal Government has charged the International Maritime Organisation (IMO) to remain committed to the training and retraining Ports State Control Officers.
This, the Government said, is in a bid to aid effective and efficient examination of substandard ships in West and Central Africa.
Permanent Secretary, Federal Ministry of Transportation, Dr. Magdalene Ajani, stated this in Lagos during the regional workshop for Heads of maritime administrations in West and Central Africa.
She enjoined Port State Control Officers in the region to acquaint themselves with new trends, innovations, inventions, and topical issues in their field.
“One of the yardsticks for measuring an effective MoU is its ability to ensure a harmonised system of Port State Control, strengthen cooperation, as well as information exchange amongst members with the ultimate aim of preventing the operation of substandard ships within the MoU region.
“This workshop/training, which will keep participants abreast of current events, innovations, inventions, and topical issues in the industry, couldn’t have come at a better time than now when the Abuja MoU is striving to become the enviable MoU in terms of quality of service and performance amongst the nine regional MoUs. I commend the Secretary-General and secretariat of the Abuja MoU.
“The essence of port state control is to inspect foreign ships in national ports to verify the condition of the ship and its equipment and ascertain that she is manned/operated in compliance with the requirements of international conventions/regulations to ensure maritime safety and security and prevent pollution of the marine environment.
“To this end, regular training and retraining of port state control officers are key in ensuring that they display a high level of professionalism and skill in the conduct of inspections on board ships calling at their ports.
“I, therefore, wish to urge the heads of maritime administrations here present to ensure that similar training(s) as this is replicated for Port State Control Officers in your respective administrations.
“It should be noted that the Abuja MoU is not tied to one Member State alone. All Member States here present are critical stakeholders of the MoU.
“Therefore, we must all join forces and strive to ensure that we constantly uphold the ideals and objectives upon which the MoU was established. For this reason,
“I urge all member states to play their part in contributing to the growth of the Abuja MoU, so that we can constantly meet expectations and safeguard our marine domains.
“I wish to encourage every member state that has not ratified and domesticated the Abuja MoU relevant instruments, which include the IMO and ILO conventions/codes for PSC to do so promptly, so that we can move with the tide of the IMO,” Ajani noted.

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Navy Boosts NDLEA Operations With Two Speed Boats

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In a bid to check the ills of anti narcotics in Nigeria, the Nigerian Navy Service (NNS), Western Naval Command, Apapa, has donated two Epenal boats and other operational equipment to National Drugs Law Enforcement Agency (NDLEA).
Speaking at the handover ceremony, Chairman/Chief Executive of the NDLEA, Brig. Gen. Mohamed Buba Marwa (Rtd), said the ongoing  synergy between the anti-narcotic agency and other stakeholders, especially the military, will further tighten the noose on drug cartels and spell doom for their activities in the country.
The NDLEA boss, who was represented by the Director of Seaports Operations, Omolade Faboyede at the event, described the gesture as symbolic and beginning of an era of stronger ties between both institutions.
“The agency is determined to cripple the activities of drug cartels on every front.
.”We do not doubt that the combination of naval and narcotics strategies will spell doom for drug barons in the coming days. NDLEA will continue to partner with relevant stakeholders as we tighten the noose on drug criminals.
“I am particularly pleased with the prompt response to my request for materiel that could help to strengthen the Marine Unit of NDLEA as part of a sweeping effort to protect Nigerian waters from the trafficking of illicit drug substances.
“The synergy between the Navy and NDLEA, as exemplified by this ceremony, is a testament that we are winning the drug war on the waterfront within the broad goal of preventing drug cartels from smuggling narcotics into our country through airports, land borders, and seaports”, he said.
He continued that “we have come to a point where security organisations can no longer afford to work in silos. Illicit drug trafficking, as a transnational organised crime, requires the deployment of intelligence and close-knit collaboration with key stakeholders like the Nigerian Navy and other security organisations.
“In our effort to stem the tide of narcotic drugs, we have gone the extra mile and that includes the pursuit of synergy with organisations in the security sector,” Marwa said.
Citing some gains of partnership with other stakeholders in 2021, he stated that “so far, our efforts in one year showed that the strategy is effective.
“In 2021, we recorded the arrest of more than 12,300 suspected drug offenders, including seven drug barons with 1,400 drug traffickers jailed.
“We were able to also counsel and rehabilitate 8,000 drug users and in the same period, we mopped up over 3.4 million kilograms of assorted drugs. Interestingly, drugs and illicit proceeds of drug crime worth N130 billion were successfully recovered.
“This year equally started on an excellent footing. We broke our first quarter operational record with the arrest of over 3,539 suspected drug traffickers (including rogue security personnel and a well-known billionaire baron), and the seizure of more than 65,916 kilograms of drugs”, Marwa said
While thanking the Chief of Defence Staff, Gen. Lucky Irabor, and other service chiefs for supporting the nation’s drug war, Marwa expressed confidence that the partnership with the navy would produce “more outstanding result’s in the fight against narcotic drugs and psychotropic substances.”

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