Connect with us

Business

Aviation Unions Kick Against Airports Concession

Published

on

Aviation workers unions have threatened to resist the directive by the Minister of Aviation, Hadi Sirika, to demolish offices of the Federal Airports Authority of Nigeria (FAAN), and other agencies in the aviation sector, as part of moves to implement the concessioning of the four major airports in Nigeria.
The unions are also questioning the Minister’s decision to proceed with the concession of the four  major international airports amid various labour issues that were yet to be resolved.
The unions, comprising Air Transport Senior Staff Association of Nigeria,  National Union of Air Transport Employees (NUATE), and the Association of Nigeria Aviation Professionals (ANAP), after an emergency joint congress meeting, at the headquarters, vowed to resist the Minister’s directive for the offices of the agencies to be demolished to give room for an aerotropolis project.
Secretary General of NUATE, Ocheme Abah, in a press release on Friday, said for various reasons unknown to them, none of the Minister’s projects had been delivered to date.
They expressed worry that he was in a hurry to deliver the projects for an administration at its twilight.
According to him, the rush to deliver at all costs had caused suspicion and a plethora of missteps which, if not corrected, would spell doom for the aviation industry.
“We place on record our recognition of the large footprints of the Muhammadu Buhari administration on the aviation industry in Nigeria. The progress registered through the efforts of Sirika and the CEOs of the agencies in the past seven years are indelible.
“Though not visible to the larger public, huge modernisation programmes and projects have been achieved in the Nigeria Metrological Agency, Accident Investigation Bureau, Nigerian Air Space Management Agency, Nigerian College of Aviation Technology, Federal Airports Authority of Nigeria, and the Nigerian Civil Aviation Authority.
“These achievements have not only significantly improved flying experience in the Nigerian air space, but have had big impact on human capacity development and safety.
“However, our hearts are now greatly troubled to be witnesses to the ongoing bastardisation of the lofty objectives of the Aviation Road Map.
“Activities around the implementation of the roadmap tend to suggest that a ploy is afoot to deny Nigeria the benefits of its labour and natural endowments, or to divert such to private ends”, he stated.
Further on the concessioning of airports, the NUATE scribe said ever since the decision to concession the four major airports was taken, the unions had remained strongly opposed to the idea, noting that the unions had been firm and vehement in their opposition to the type of concession envisioned by the transaction adviser.
He noted that the unions unearthed several booby traps, outright falsehoods and deliberate manipulation of facts to skew the transaction against the interest of Nigeria, which we communicated to the Minister and other arms of government.

By: Corlins Walter

Continue Reading

Business

Bank Supports Female Entrepreneurs With Grants

Published

on

Kolomoni Microfinance Bank has awarded grants to five female entrepreneurs to boost their businesses as part of its commitment to promoting women in business.
The initiative, organized to mark International Women’s Day, was themed “Accelerate Her Growth.”
According to the bank, the decision to support women was inspired by World Bank data, which shows that 41 percent of Nigeria’s micro-businesses are owned by women.
Delivering the keynote address, business strategist, Ebun Akinwale, emphasized that entrepreneurship requires resilience, creativity, and passion.
She illustrated this by recounting her own business challenges and highlighting the critical role passion plays in overcoming obstacles.
The event underscored Kolomoni’s mission to empower women and support small businesses in Nigeria.
Other speakers at the occasion were Odunayo Oyebolu, a seasoned entrepreneur; Victori Ajiboye, a marketing strategist with global experience; and Simi Ojumu, a finance expert.
The beneficiaries said the financial support was a validation of their hard work and a boost of confidence towards scaling through in their businesses.
The winners were selected after sharing their entrepreneurial journeys and presenting business proposals for financial assistance from the bank.

Continue Reading

Business

Nigerian SME Awards: Providus, Access, Others Compete For Honor

Published

on

The 8th edition of the Nigeria Small and Medium Enterprises (SMEs) Summit and Awards (Nigeria SMEAwards) is set to take place in Lagos for the first time in its history, marking a significant milestone for this prestigious event.
Endorsed by the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), the annual awards celebrate the entrepreneurial spirit driving Nigeria’s economy.
The visionary convener of NigeriaSMEAwards 2025, Adedayo Olalekan, said, “Governors from Zamfara, Sokoto, Ebonyi, Borno, Enugu, Ekiti, Benue, and Kaduna States have all implemented transformative initiatives that have greatly benefitted local enterprises.
“Their contributions will serve as a beacon of inspiration for the nation.”
Speaking at a recent press conference in Lagos, Olalekan emphasised that the event would introduce a fresh and unique approach, moving away from tradition.
“Despite economic challenges, Nigerians continue to show an unwavering commitment to progress”, he said.
He noted that the awards will not only honor outstanding individuals, but also recognise the critical role state governments play in nurturing vibrant SMEs.
“State governments have been instrumental in fostering a supportive environment for SMEs, which in turn benefits both the awardees and the larger economy.
“With major banks like Providus, Access, and First Banks competing for top honors, the 8th NigeriaSMEAwards promises to be a night of celebration, recognising exceptional contributions to Nigeria’s SME landscape”, Olalekan added.
Amid global challenges such as inflation, geopolitical instability, and the ongoing conflict in Ukraine, Nigerians continue to show remarkable resilience.
Their efforts, according to reports, have contributed to job creation, economic growth, and overall prosperity, with SMEs at the forefront of this success.
This year’s awards will recognise governors who have made significant strides in advancing the SME sector within their states.

Continue Reading

Business

SMEs Experts Urge MSMEs To Remain Focused

Published

on

Small and Medium Enterprises (SMEs) consultants in Rivers State have called on entrepreneurs to be focused and avoid distractions.
The experts, who were speaking on the recent developments about the change of leadership in the state, said entrepreneurs need to put more efforts in their businesses in order to break even in the present situation in Rivers State.
Speaking in a chat with The Tide, an international SMEs consultant, Amb. Larry Goodwill Ajiola, said the political moves is capable of distracting SMEs who are not grounded in their businesses, adding that “the serious minded business men and women would utilise the opportunity to increase their revenues”.
Amb Ajiola, who is the President and Chief Executive Officer (CEO) of Rumuomasi Co-operative and Credit Society Limited, Port Harcourt, said, “Rugged entrepreneurs look out for business opportunities in situations around them, whether good or bad”.
He reiterated that the loan facility given to 3,000 SMEs in the state revived and expanded businesses, adding that the empowered businesses should continue to push, no matter the situation.
“credit is a powerful tool for achieving financial security.
“We can only keep imagin the economic value that the over 3,000 MSMEs would add to the positive economic dynamics of Rivers State and the Local Government Areas in terms of Gross Domestic Prooduct (GDP), increased tax returns, employment creation, income distribution, and production of goods and services”, he said.
Another SMEs Expert, a business consultant and SMEs trainer, Mr. Chisom Sam-Orji, in his advice, noted that every SME in the state should realize that change is the only constant thing.
He said SMEs should also know that “tough times never last, but tough people do”, adding the need for every entrepreneur to stay focused on creating value and remain resilient.
“This is not the time to be distracted by every noise around your space, but to maximize every time you have to focus on the essentials and keep creating value.
“For some people, it may just be the time to diversify, create new products and services to serve a new or existing market. But this must be based on the facts available to you via research and market surveys”, he said.
The SMEs expert also said the present time in the life of an entrepreneur is a time to cut off unnecessary excesses that surround one’s business.
“Those extra costs that may hamper your growth in this season and beyond, and focus on just essentials.
“SMEs should find certain leverages that are available to aid their business growth. This could be in form of grants, knowledge, and other leverage tools.
“Collaboration is one big way to grow in this season. Finding ways to collaborate with like minds instead of competing could enable a product or service gain advantage in the market and beyond.
“They should also find ways to sustain and grow their customer relationship as this is key to sustaining business flow. They must seek new and efficient ways to serve their customers and gain their loyalty”, he stated.
He further called on every entrepreneur to keep building capacity and never take their eyes off their visions, adding the need to muster every courage it takes to keep building and moving forward.

Lilian Peters

Continue Reading

Trending