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SMEDAN advocates digital literacy for nano businesses



Mr Olawale Fasanya smedan

Last Updated on July 28, 2023 by Fellow Press

Mr Olawale Fasanya, Director-General, Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), said that the agency would be focusing on developing digital literacy capacity of nano business owners as they sustain the economy.

Fasanya said this on Friday on the sidelines of the launch of the National Digital Literacy Framework (NDLF) championed by the National Information Technology Development Agency (NITDA) in Abuja.

He also said that leveraging the potential of digital literacy would boost the Gross Domestic Product (GDP) of the country.

The director-general said that a nano business was a one-man business that employs just the owner and maybe one more person.

He said: “We don’t want to mix them up with the micro businesses, because micro businesses are those employing up to nine people and with a turn over of about N25 million and there are less people in this divide.

“More people are in nano because the nano business by our definition are people turning over up to 3million, so most of this nano businesses have a capital base of not even up to N100,000.

“If we subsume them with somebody whose turn over is N25 million and employing up to nine people, then we won’t be able to give them the right attention.”

“Virtually every house you will see a shop outside and with somebody selling beans cake ‘kose’ on the road and these are the nano businesses and they are the ones sustaining the economy.”

Fasanya also said that with digital literacy, the output of MSMEs would be enhanced.

“With digital literacy,a lot of youths will be able to be in business without necessarily owning an office or a workshop.

“It means you can run business from your bedroom, so this is something that in the next one or two years would definitely increase the GDP.

“We have large population of youth,so it’s an advantage and if you don’t take advantage of this,the world will leave us behind and for any economy to develop, we have to take advantage of digital literacy,” he said.

Fasanya further said that they were engaging in advocacies to ensure that people got digitally enlightened.

He added: “Digital literacy will also feature in our curriculum to ensure an inclusive digital education of the masses.”


AMCOSS, PEDI partner for 3-day management training



A leading personnel consultancy, AMCOSS, is organizing “a 3-day leadership and management development retreat” for PEDI management staff.

The retreat which is scheduled to hold between Thursday 20th June and Saturday 22nd June 2024, will feature trending, emerging and solution-focused presentations, as well as interactive sessions by the participants.

The programmes of the event lined up are as follows:

Opening day, June 20 will start by 9:00am, and by 10:00am, the Managing Director/CEO will give a welcome address, which will be followed by a brief remark from the Managing Director of PEDI, Ilesa. An highlight of the event is a guided tour of places of historical importance in Ilorin.

By 2:30pm, there will be a presentations titled “Effective Leadership and Leadership Skills”, followed by the interactive session of questions and answers.

There will be three presentations on the second day June 21, tagged: “Managerial Skills and Personal Effectiveness”; Performance Management System” and “Health and Well-being”.

Likewise on the last day of the programmes, there will be two presentations: “Team Building and Effective Communication” and “Organisational Continuity, Sustainability and Succession Planning”.

The training starts each day by 9am, with provision for interactive sessions after each presentation and lecture, tea break/lunch, and ends approximately 4:30pm.

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Dangote to venture into steel production



Last Updated on June 14, 2024 by Fellow Press

Africa’s richest man, Alhaji Aliko Dangote has mooted plans to delve into steel production in the near future stating that he wants to ensure that every steel used in West Africa comes from Nigeria.

The industrial mogul stated this during an interview at the ongoing Afreximbank Afro-Caribbean Trade & Investment Forum in Nassau, The Bahamas.

When asked if he is taking a break after the refinery, he noted that the next venture after the refinery project would be in Steel manufacturing and ensure that all Steel products used in West Africa comes from Nigeria.

He also encouraged African leaders to take agriculture and solid mineral development seriously lamenting the fact that food imports cost the continent dearly by increasing unemployment and poverty.

He said, “What we need to do that is missing is actually to concentrate and pay more attention to agriculture and solid minerals.
I don’t like people coming to take our solid minerals to process and bring the finished product.
We should try and industrialise our continent and take it to the next level.”

“I told somebody we are not going to take any break. What we are trying to do is to make sure at least in West Africa, we want to make sure that every single steel that we use will come from Nigeria”

Nigeria has tried unsuccessfully to become a leader in the steel manufacturing industry with a handful of failed projects like the Ajaokuta steel plant, Delta Steel Company, Osogbo and Jos rolling mills even under government and private ownership.

Like the oil refineries, the federal government under different administrations has spent billions trying to put the local steel plants to work but has been unsuccessful.
The administration of President Bola Tinubu had promised during the campaigns to ensure steel production starts in the multi-billion-dollar Ajaokuta steel complex.

The federal government in the 2024 appropriation act budgeted around N4.45 billion for the plant but hopes to raise around N35 billion from private investors to bring the plant to life for the first time in its history.

However, the Minister of Steel Development, Shuaibu Audu has also stated that reviving the plant could cost around $2 billion to $5 billion.

According to the National Steel Raw Materials Exploration Agency (NSRMEA), total steel consumption in the country averages around 10 million metric tonnes of which 70% is imported.
The current Minister of Steel Development had earlier stated that Nigeria spends around $4 billion on steel imports annually despite having around 74 steel plants and fabricators across the country.

Nigeria is home to significant iron-ore deposit- a critical raw material in steel production found in Kogi state.

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