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Keystone Bank SME Business Clinic Empowers Entrepreneurs Nationwide

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Keystone Bank SME Business Clinic

Keystone Bank SME Business Clinic empowers Nigerian entrepreneurs with training, tools and insights to scale and sustain their small businesses across 10 cities

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Keystone Bank has empowered thousands of Nigerian entrepreneurs through its SME Business Clinic, held in 10 cities to mark the 2025 United Nations World SME Day.

Also read: Lagos SMEs Export Readiness Programme Empowers Businesses for Global Trade

The Keystone Bank SME Business Clinic, themed Empowering SMEs for Growth and Sustainability, ran throughout June across markets in Lagos, Port Harcourt, Aba, Asaba, Onitsha, Kano, Maiduguri, Kaduna, Abuja and Ibadan.

The programme delivered expert-led training, strategic guidance and networking opportunities tailored to small and medium-scale businesses.

Group Head of Retail and Digital Banking, Olayemi Sule, said the bank recognises the transformative role SMEs play in the country’s economy.

“At Keystone Bank, we understand the vital role SMEs play in national development. The SME Business Clinic was designed to equip business owners with practical tools and knowledge to scale their ventures, build resilience, and contribute meaningfully to Nigeria’s economic growth,” she explained.

Each session included hands-on workshops and Q&A forums, offering direct insights into the realities entrepreneurs face daily. Topics ranged from financing options to business continuity planning in volatile markets.

Participants commended Keystone Bank for extending genuine support beyond banking. Many described the event as timely and practical, noting that the initiative made them feel “seen, heard and encouraged.”

“It’s rare to see a bank come down to our level, talk to us directly, and teach us things that make sense in our business lives,” said one participant in Onitsha.

The event aligns with findings from the Moniepoint Informal Economy Report 2024, which estimates Nigeria is home to around 40 million MSMEs—over 89 per cent of them operating within the informal sector.

Also read: Wema Bank Launches Export Trade Academy to Empower Nigerian SMEs in International Markets

Keystone Bank’s initiative not only recognises their contribution but also seeks to formalise, strengthen and sustain these vital engines of the Nigerian economy.

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Empowerment

Rotary Club of Ikeja Partners Academy to Empower Youths

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Secretary, Rotary Club of Ikeja; Rotarian Ayodeji Jemilugba, beneficiaries of the free vocational training and empowerment; Ayodele Olanrewaju and Olubode Yemisi Favour, President, Rotary Club of Ikeja; Rotarian Kayode Osokomaiya, Chair, Service Project, Rotarian Gbenga Fetuga with another beneficiary, Oyebamiji Daniel at the Rotary Club of Ikeja's Free Vocational Training and Empowerment presentation which took place recently at Lagos Airport Hotel, Ikeja.

In line with Economic and Community Development being the theme of the month of October for Rotary International, foremost Rotary club in Rotary International District 9111, Rotary Club of Ikeja has teamed up with Field of Skills and Dreams Academy to empower four youths.
The beneficiaries who will be undergoing a three-month training are, Olumide Akingbohungbe, Yemisi Olubode, Ayodeji Olanrewaju and Daniel Oyebami.
They will be trained in different skills, namely, Fashion Designing, Solar panel installation, Hospitality and Catering as well as Heating, Ventilation, Air-conditioning and Refrigeration.
Speaking during the free vocational, training and empowerment presentation of the beneficiaries which took place during the meeting of the club at Lagos Airport Hotel, Ikeja, the Chair, Service Projects, Rotarian Gbenga Fetuga said the club was very meticulous in the selection of the vocational skills.

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Rotarian Fetuga added that: ‘’Being the foremost club in the District, we are expected to live up to it in all areas and we are always detailed in the selection of both the beneficiaries as well as the vocational skills.

‘’The skills we chose are very strong skills for our trainees. Nearly every home, office, hotel and shop in Lagos runs ACs and fridges. So, qualified technicians are always in demand, and graduates can start their own repair businesses.’’

The club’s President, Rotarian Kayode Osokomaiya stressed that the club was committed to making a difference in the lives of the beneficiaries of the empowerment exercise.

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Economy

FG Urges Investment in Youth, SMEs and Local Industries to Grow Economy

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Investment

Nigeria investment in youth and local industries is vital to job creation, says FG, urging public-private partnerships and regional industrialisation

The Federal Government has called for increased investment in youth development, small and medium-sized enterprises, technology and local industries to create jobs and strengthen Nigeria’s economic competitiveness.

Also read: Osun amotekun dismisses officer over gross misconduct

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The Minister of State for Foreign Affairs, Ambassador Sola Enikanolaiye, made the call during a panel discussion titled “From Trade to Value Chains: Building Regional Industries to Compete Globally” at the 32nd Nigerian Economic Summit, held under the sub-theme, “Invest Nigeria”.

In a statement issued on Tuesday and signed by his Special Assistant on Digital Media and Public Diplomacy, Raphael Oni, Enikanolaiye said Nigeria needed stronger partnerships between the public and private sectors to mobilise the capital required for sustainable economic growth.

He argued that the country must move beyond trading raw materials towards building industries that process local resources into finished products for domestic consumption and export.

According to the minister, investment from both domestic businesses and foreign sources would be necessary to expand industrial capacity, create employment opportunities and improve living standards.

“In advancing our country, we don’t talk enough to one another in terms of constructive conversation and dialogue. We believe that partnership which allows government to engage deeper and stronger with the private sector is critical. Government alone cannot alone raise the resources needed for shared prosperity,” he said.

Enikanolaiye added that domestic capital mobilisation was as important as attracting foreign investment.

He identified Nigeria’s youthful population as a major asset that could accelerate industrialisation if supported by investments in education, skills development, innovation and entrepreneurship.

“Our youth population is very critical – a vibrant population. We need to invest more in human capital, focusing on Small and Medium Scale Enterprises, technology, innovation and creativity. By so doing, we will be able to generate more employment for the youth and also raise more wealth and income,” he said.

On foreign policy, the minister said the administration had reordered its four-point 4D doctrine to place the welfare and prosperity of Nigerians at the centre of the country’s international engagements.

The framework focuses on Demography, Development, Democracy and Diaspora.

Enikanolaiye said democratic governance should produce tangible economic benefits for citizens rather than remain an end in itself.

“Democracy is good, but it is a means to an end, not an end in itself. Democracy must deliver on core priorities of economic development and economic prosperity to our people,” he said.

The minister also emphasised the importance of macroeconomic stability and reliable economic data in helping businesses assess investment opportunities and make long-term plans.

He said Nigeria had recorded improvements in macroeconomic stability and that inflation was coming down, although he did not provide supporting figures in the statement.

Enikanolaiye further called for reforms to make the Ministry of Foreign Affairs more responsive to Nigerians and strengthen its engagement with businesses.

He said cooperation between the government and private sector, alongside partnerships with neighbouring countries and other international markets, could help Nigeria expand its industrial base and improve its access to regional and global markets.

Also speaking at the summit, the President of the Economic Community of West African States Commission, General Birame Diop, called for greater emphasis on industrialisation to create jobs and strengthen regional trade.

His remarks were delivered by the ECOWAS Commissioner for Economic Affairs and Agriculture, Dehpue Yenpea Zuo.

Diop argued that trade agreements alone could not deliver widespread employment and economic growth without industries capable of processing raw materials and producing goods.

“Trade agreements do not create jobs; industries do,” he said.

He noted that intra-African trade accounted for about 15 per cent of the continent’s total trade, compared with more than 60 per cent in Europe and Asia.

He attributed the gap partly to the limited scale of regional industries.

According to Diop, the regional market, with more than 300 million consumers, provides an opportunity for West African manufacturers to expand production before competing across the continent under the African Continental Free Trade Area.

He outlined four priorities for advancing regional industrialisation: implementing existing trade agreements, including commitments on border management; developing value chains in sectors where West Africa has a competitive advantage; improving access to finance for businesses and producers; and measuring progress through jobs created and goods processed within the region.

Also read: Osun amotekun dismisses officer over gross misconduct

Diop said converting trade commitments into productive industries would be essential to expanding employment, increasing regional economic activity and strengthening West Africa’s competitiveness in global markets.

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Empowerment

GFF@25: Over 130 Ogun Residents Regain Sight Through Medical Outreach

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GFF@25

Gbenga Daniel’s GFF@25 medical mission has helped over 130 Ogun residents regain their sight while providing free specialist healthcare (more…)

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