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Downsizing Hits Nigerian Small Businesses – Report

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3 years ago

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Within the last six months, five per cent of small business (SMB) owners in Nigeria have been forced by economic realities to reduce the size of their workforce by five per cent while in Ghana, the figure is 16 per cent, according to Meta’s latest Global State of Small Business Report released yesterday.
Meta, which is Facebook’s parent company, said as the pains of COVID-19 pandemic wanes, the most significant challenges SMBs are facing now is the current state of the economy, supply chain disruption, inflation, fear of economic recession as well as skyrocketing production costs.
According to the report, due to the state of the economy, within the past six months, five per cent of SMB owners in Nigeria have been forced to reduce the size of their workforce while in Ghana, the figure is 16 per cent.
Meta, however, said the festive season is a critical period for small businesses as the Report showed that 25 per cent of SMB owners expect to make more than half of their annual revenue in the final months of the year.
While SMBs fight to find their footing during this post-COVID era and navigate the current economic situation, Meta technologies have been instrumental in helping local businesses thrive and have their good ideas discovered.
In the lead up to the festive season, Meta had launched the ‘Good Ideas Deserve to Be Found’ campaign to further build on the success of the campaign first launched last year. The campaign is aimed at spotlighting and celebrating local businesses with unique gifting ideas while encouraging holiday shoppers to support local businesses during this festive trading window.
Speaking on the report, Corporate Communications Manager for Anglophone West Africa at Meta, Oluwasola Obagbemi, said:  “At Meta, we are committed to empowering SMBs with free skills and resources to help them build thriving businesses, develop meaningful connections, and unlock economic potentials so they can continue making a positive impact across the world.
“This festive season, we seek to spotlight and tell the stories of SMBs with unique gifting ideas and provide SMBs with access to tools, support, and solutions needed to grow thriving businesses while reinforcing our continued support of small businesses to ensure they have a voice and ensure the right customers find their good ideas.”
According to Meta, when surveyed, 49 per cent of SMBs in Ghana reported using digital tools for advertising and 59 per cent of SMBs in Nigeria reported generating at least 25 per cent of their sales through digital channels in the past 30 days.
It was also revealed that 46per cent of operational SMBs in Nigeria on the Facebook app reported having sold their goods or services to customers in other countries in the past five years. This compares to the global average of 30per cent.
These discoveries have been made possible through the provision of digital tools for SMBs to ensure they are found by the right customers.

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Agriculture

KWASANGLaunches Cassava Processing Factory To Boost Value Chain In Kwara

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2 months ago

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January 2, 2026

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The Kwara State Government has inaugurated the Kwara State Association of Nigerians in UK (KWASANG) APEX CO-OP Cassava Value-Addition Factory in Osin Pakate, Ilorin East Local Government Area, to boost cassava value addition and agro-processing in the State.
Speaking at the event, Alabi, Commissioner for Agriculture and Rural Development, Afees Abolore Alabi, described the initiative as a cooperative-led programme that aligns with the State’s agricultural development priorities.
He noted with satisfaction that the project demonstrates how farmer organisations, supported by the right policies and partnerships, can drive sustainable agribusiness growth.
Alabi explained that cassava value addition plays a critical role in reducing post-harvest losses, improving product quality, and increasing farmers’ incomes, while also creating employment opportunities for youths and women.
He added that initiatives such as the KWASANG factory contribute to food security, supply of industrial raw materials, and rural economic development.
Alabi acknowledged the partnership of the leadership of KWASANG with diaspora partners, describing their collective investment as a strong signal of confidence in cassava production and processing opportunities within the state.
The Commissioner further noted that cooperative organisation remains a key pillar in the Government’s approach to inclusive agricultural development.
Alabi stated that the role of the Kwara State Government is to provide an enabling environment through supportive policies, infrastructure development, capacity building, and strategic collaboration with cooperatives and the private sector.
He added that the progress being recorded across the cassava value chain reflects the development direction of Governor Abdulrahman Abdulrazaq, whose administration continues to prioritise agricultural transformation through strategic partnerships and investor-friendly policies.
The factory, according to the Commissioner, is expected to process cassava into products such as Gari, high-quality cassava flour, starch, and other value-added derivatives for household consumption and industrial use.
Alabi stated “The initiative also complements ongoing efforts to strengthen the cassava value chain through improved access to inputs, extension support, and market linkages aimed at increasing productivity and profitability for farmers across the State”.
Earlier, the Chairman of KWASANG Farmers, Mustapha Tunde Salawu, appreciated the Kwara State Government for creating a supportive environment that made the project possible.
He encouraged Nigerians in the diaspora, particularly Kwarans, to look back home and invest as a way of contributing to the development of their communities, Kwara State, and the country at large.
Salawu noted that Kwara State’s vast arable farmland and its strategic location as a gateway between the northern and southern parts of the country made it a highly attractive destination for agricultural and agribusiness investment.
“The KWASANG APEX CO-OP Cassava Value-Adding Factory, is expected to reduce post-harvest losses, improve market access for cassava farmers, and stimulate economic activities within Osin Pakate and surrounding communities”, he said.
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Agriculture

Livestock Ministry Empowers Women, Youths For Sustainable Growth

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2 months ago

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January 2, 2026

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The Federal Ministry of Livestock Development has reaffirmed its commitment to empowering women and youths as key drivers of a sustainable, innovative, and competitive livestock sector in Nigeria.
The Director, Technical, Office of the Permanent Secretary, Dr. Peter Alike, stated this at a Capacity Building Workshop for Women and Youths in the Livestock Value Chain, held in Abuja from Monday, 29th – Tuesday 30th December, 2025.
Alike emphasised that integrating sustainability and innovation across the entire livestock value chain, from feed production and animal husbandry to processing and marketing, is critical to transforming the sector and unlocking its economic potential.
He noted that building the capacity of women and youths remains central to the Ministry’s mandate to reposition livestock as a viable contributor to food security, employment, and national growth.
According to him, the capacity-building initiative is designed as a continuous and transformative programme, equipping participants with practical, hands-on skills that can be directly applied to their farms and enterprises.
He stressed that the training goes beyond theory, focusing on actionable knowledge, mindset change, and long-term competency development to promote sustainable livestock practices.
Alike further explained that the strategic importance of women and youths informed their inclusion as a priority group within the ten pillars of the National Livestock Growth Acceleration Strategy (NL-GAS), the Ministry’s flagship framework for sectoral reform.
In his presentation, an Animal Scientist, Ifeanyi Harry Njoagwuani, described sustainability as a continuous journey driven by science and effective management highlighting the adoption of climate-resilient breeds, improved genetics, precision nutrition through optimized feed formulations, and climate-smart housing systems as critical pathways to sustainable livestock production.
Speaking during a session on biogas production for sustainable livestock development, Ayoade Akande, underscored the need to strengthen extension services and promote private sector investment in modern feed technologies.
He advocated for expanded forage seed distribution networks, support for research and innovation hubs, and enabling policies that promote sustainable ruminant nutrition.
In his closing remarks, the Director of Livestock Extension and Business Development, Joseph Ako Eleojo, urged participants to form cooperative alliances and serve as advocates for change within their communities.
He noted that women and youths were deliberately targeted for the programme due to their strategic role in driving innovation, productivity, and sustainability in the livestock sector.
A major highlight of the two-day workshop was a study visit to De-Dre Solution Poultry Farm, located at Pasali 2, Kuje Area Council of the FCT. The farm, with a capacity of 24,800 birds, produces approximately 650 crates of eggs daily, providing participants with practical insights into efficient and sustainable poultry operations.
Participants at the workshop were drawn from poultry and ruminant farming enterprises across several states of the Federation.
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Agriculture

FG, Ogun Distribute Inputs To 2,400 Farmers

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1 year ago

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October 4, 2024

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Federal Government and the Ogun State Government, on Wednesday, distributed farm inputs to farmers as part of effort to address food security challenge.
The State Director, Federal Ministry of Agriculture and Food Security, Dr. Toyin Ayo-Ajayi, during the flag-off ceremony of Inputs Redemption Under The National Agricultural Growth Scheme-Agro Pocket (NAGS-AP), in Ogun State, disclosed that beneficiaries of the gesture were primarily rice, maize and cassava farmers across the State.
Ayo-Ajayi commended the Ogun State Government for partnering with the government at the centre for the effort in supporting farmers with inputs that would bring about yieldings for local consumption and likely exportation.
She noted that government is supporting rice, cassava and maize farmers with inputs worth N212,000; N189,000 and N186,000 respectively.
The Permanent Secretary in the State Ministry of Agriculture, Mrs Kehinde Jokotoye, who represented the  Commissioner in the Ministry, Bolu Owotomo, stated that traditional farmers are critical in food production, hence the need to encourage and support them with inputs that would bring about desired results during harvesting.
Owotomo said: “Let us make good use of this opportunity, so that the success of this phase will make farmers benefit more from the state and federal governments of Nigeria.”
Earlier, State Coordinator, Federal Ministry of Agriculture and Food Security, Dr. Oluwatoyin Ayo-Ajayi, appreciated the present administration for partnering with the federal government for the initiative, adding that the programme is designed to support farmers at the grassroots level in cassava, rice and maize with inputs such as, seeds, pesticides, herbicides and fertilizers, to boost their production and enhance their livelihood.

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