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The Need for Nano: Revealing a Hidden Dimension of Small Business in Nigeria

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Timi Olubiyi Circular Economy

By Timi Olubiyi, PhD

It is my prayer for this new year to be prosperous, irrespective of the experiences and disruptions we have had in 2020 a different year by any definition, strange and challenging especially for businesses and economies throughout.

Consequently, for a hopeful 2021 and to accelerate economic growth in Nigeria the Micro Small Medium Enterprises (MSMEs) which is the lifeblood of most economies in the world needs to be given more attention and further recognition.

No doubt, MSMEs support wealth creation, employment creation, standard of living, and in poverty reduction, amongst others.

However, with my observation so far in Nigeria, particularly in Lagos State the economic hub of the country, the most significant of all the benefits of MSMEs is that it reduces poverty but this can majorly be said to be from an informal and unrecognized category that I refer to as the Nano businesses within the MSME or small business space.

These Nano businesses are the various “solopreneurs” and home-based businesses such as make-up artists, event planners, battery chargers, independent dispatch riders, vendors, call centre agents, fashion designer, vulcanizers, drycleaners, corner shop owners, single retail marketers, repairers, painters, business centre operators, market women and men in the various open markets, among others.

They play an unrecognized but important role all across the country but by classification, they are not likely to meet the Small and Medium Enterprises Development Agency (SMEDAN) micro-business criteria, which is the least classification. So invariably they appear unaccounted for and in my view, these informal business settings constitute a large portion of our economy according to an investigation.

As the economy continues to shrink with less formal employment opportunities and with significant loss of jobs due to the novel coronavirus (COVID19) pandemic and possibly with the economic recession, a big reason to stop waiting around for jobs and simply create own employment is Nano business.

Nano-business is usually made up of 1-3 people, with even less than N50,000 initial capital outlay, however, with a target of daily income for the sustenance of the operator.

More importantly, this form of business does not necessarily target long-term capital growth. The most essential benefit is that the Nano business provides employment opportunity that guarantee’s the operator a stable daily income.

Even though it supports independence, entrepreneurial skills, self-reliance, and poverty reduction it is largely unrecognized in the country by ruling class. Likewise, amongst the employed class in Nigeria, it is now a common phenomenon to hear about running a side hustle.

Many are developing Nano businesses as side hustles to support monthly salary income. This is an indication of how the business population is growing and the formal working environment changing to make Nano businesses viable as an economic driver in Nigeria. Therefore, it is crucial for the government to pay attention to this identified business class.

Even though the Small and Medium Enterprises Development Agency (SMEDAN) the organ of the government responsible to promote the development of the MSME sector in Nigeria, their most recent survey report, captured the number of micro-enterprises in the whole country as 41,469,947. This number appears not to have taken into consideration these important informal Nano businesses in the country, which are labour intensive and exist in most homes and neighbourhoods.

Undoubtedly, the Nano businesses are currently seen as micro-businesses by regulators in the country but by definition and context observation, they are clearly not. They are simply different in all ramifications because the business size and scale are different from micro-businesses.

Furthermore, many research outcomes in the country over the years suggest that micro businesses are more in the retail sector with more women and youth participation in the country, this can also be said of Nano businesses but with fewer assets and capital requirements.

Therefore, due to the importance of this set of businesses a subcategory of small businesses, with sales turnover and assets values that are lesser than that of micro businesses should be classified and recognized as the Nano businesses because they operate with less capital. In addition, they should be accounted for going forward in the country and the government should encourage their business registrations with incentives.

Since they enjoy a closer relationship with customers than other forms of businesses and some are even generational. In fact, this form of business is the lifeblood of most homes in Nigeria currently according to the survey, because it is a breeding ground for entrepreneurial development.

For the sake of clarity, the use of the term-Nano has nothing to do with nanotechnology. It is only to adjudge that nano is smaller than micro and such level exist within the small business ecosystem. If put into the right context, Nano businesses should exist as the largest segment within SMEs in Nigeria because of their economic relevance, coverage, and spread.

Simply, it is a form of business without a fancy business plan or a five-year projection to expand and all. Most times Nano businesses are with no employees, lack structure, or even the least a business registration and frequently they lack bank accounts.

Therefore, a national survey is suggested to capture those that have been existing and stable for a certain number of years. So that a database can be created for analysis, support, policy formulations and necessary interventions by government.

What must be observed in the country with key interest is that the Nano-business ecosystem continues to grow without adequate recognition and attention from the government. Some even run business associations willingly due to the important role they play politically and economically but without the Corporate Affairs Commission (CAC) registration.

If federal and states governments including other policymakers recognize their significance and offer interventions and business support services such as capacity building, networking, technology usage, access to resources, funding, and counselling to these Nano businesses, they will become more structured and the rate of failure of such businesses will decline and they will further impact the economy positively.

Besides, a national business database is vital, it would provide insights into the business population, demographics, age distributions, mortality, and help with infrastructure gaps. It can also help in developing the right targeted policies to fix or alleviate, social issues and it can also be used for so many verifiable and evidence-based statistics, evaluations, and a lot of inferences can be derived from it.

On a positive note, a small business can be a great tool to reduce the increasing unemployment rate in the country and bridge the financial gap for citizens trying to be independent and be self-employed. In the end, it will contribute to the total Gross Domestic Product (GDP) generated in the nation, and will be captured in real terms. It can expand the tax-base and also tax revenue from business income taxes, sales taxes, and other required State and Federal taxes and levies.

It is significant to mention that Nano businesses are just as viable as micro, small, or midsize businesses but largely with informal orientation.

Consequently, the government needs to recognize the Nano business and the important role they play in the economy. More attention is therefore required on small businesses and policy interventions to tackle the obstacles to ease of setting up and doing business in the country are suggested. Once a business-friendly environment that makes business excel easily, is provided by the government – infrastructure, regulatory, national policy interventions, in particular, a business can strive and scale up quickly to deliver and create jobs to support economic growth.

In conclusion, to have a better result going forward, government, policymakers, banks, and SMEDAN need to intensify their efforts to disseminate information on financing, capacity development, technology, and other needs. SMEDAN can launch a mass registration program for Nano businesses nationwide for a database setup. More importantly, uncertainties and multiple taxations in the system, regulatory reforms, and macroeconomic environment need more government attention. Good luck!

How may you obtain advice or further information on the article? 

Dr Timi Olubiyi, an Entrepreneurship & Business Management expert with a PhD in Business Administration from Babcock University Nigeria. A prolific investment coach, seasoned scholar, Chartered Member of the Chartered Institute for Securities & Investment (CISI), and Securities & Exchange Commission (SEC) registered capital market operator. He can be reached on the Twitter handle @drtimiolubiyi and via email: drtimiolubiyi@gmail.com, for any questions, reactions, and comments.

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Piracy in Africa’s Creative Sector: How Creators Can Protect Their Content

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Creators Can Protect Their Content

Africa’s creative industries, from music and film to fashion, writing, and branding, are experiencing remarkable growth. However, as the sector flourishes, so do the threats posed by piracy and copyright infringement. Without proper protection, creators risk losing the value and recognition they deserve for their original work.

Copyright remains the first and most important line of defence. In many African countries, copyright protection begins automatically once a creative work, such as a song, logo, film, or design, is fixed in a tangible form. This protection can last for the creator’s lifetime, and in most cases, up to 70 years after. Yet, while automatic copyright provides a foundation, official registration strengthens legal standing and can be critical in resolving disputes.

When a creator’s work is used without permission, the violation must be addressed swiftly. Experts advise that the first step is to gather evidence—screenshots, URLS, timestamps, user details, and even data showing engagement or financial gain from the misused content. Proof of ownership, such as original files with timestamps, draft versions, or social media records of earlier uploads, is equally vital.

“Creators should always have proof of ownership ready,” says Frikkie Jonker, Director of Anti-Piracy at MultiChoice. “That could be anything from original project files to old emails or posts. It’s one of the most effective tools in enforcing your rights.”

Once evidence is collected, creators can issue takedown requests through social platforms or send formal cease-and-desist letters to website owners or hosts. Although enforcement processes differ by country, most African nations have copyright laws aligned with global standards like the U.S. DMCA. In many cases, showing credible ownership is enough to have infringing content removed.

If infringement continues or is being done at scale, such as by piracy rings or repeat offenders, creators may need to escalate the issue by reporting it to national copyright commissions or law enforcement. Efforts are also being bolstered across the continent through cooperation under agreements like the African Continental Free Trade Area (AfCFTA), with international bodies like Interpol, Afripol, and WIPO supporting cross-border enforcement.

Preventative measures are just as important. Creators are encouraged to use tools like digital watermarking and content fingerprinting to protect their work from unauthorised use online. Furthermore, smart monetisation strategies, such as YouTube’s Content ID syste,m can allow creators to earn revenue even when their content is reused without prior permission.

By understanding their rights, taking proactive steps to protect their creations, and using available technologies, African creatives can safeguard their work while continuing to build sustainable, long-term careers.

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A Journey Through Policy: My Personal Experience

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policymaking

By Saifullahi Attahir

If there was ever anything that gave me goosebumps and immense pleasure, it was being surrounded by intellectuals and mature minds absorbing facts and figures about governance, economics, public health, policymaking, national security, and international relations. In such situations I easily lose myself, forgetting almost all other things.

Even at medical school, my best lectures were those with frequent digressions, whereby the lecturer would discuss the pathogenesis of diseases for 30 minutes and later sidetrack into discussing politics, governance, or other life issues. I always enjoyed classes led by Prof. Sagir Gumel, Dr. Murtala Abubakar, Dr. Rasheed Wemimo, Dr. Aliyu Mai Goro, and co.

During such lectures, I often observed some of my colleagues disappointment for such deviation. I rather casually show indifference, for I was eternally grateful for such discussions due to the stimulatory effect they had on my mind.

After such classes, I sometimes followed up with the lecturer, not to ask about a medical concept I did not grasp, but to ask for further explanation on policy making, project execution, budgetary expenditures, why African countries are left behind, and similar pressing issues.

In situations where I can’t catch up with the lecturer, I jotted down the questions for further deliberation.

One of the manifest feature I know about my greediness was at reading books. I can open five different books in a day. I lack such discipline to finish up one before another. I can start reading ‘Mein Kampf’ by Adolf Hitler, and halfway through 300 pages, I would pick up ‘My Life’ by Sir Ahmadu Bello, and would have to concurrently read both until the end.

I often scolded myself for such an attitude, but I can’t help myself. The only way to practice such discipline was to at least read two different books in a day. Such was a triumph in my practice of self-discipline. This was apart from my conventional medical textbooks.

To some of my friends, I was called an accidental medical doctor, but actually it was a perfect fate guided by the merciful Lord that I’m studying medicine.

 For it was only medicine that makes reading books easier for you. Although time is precious in this profession, but  one finds it easier to do anything you are passionate about. The daily  interaction we have  with people at their most vulnerable state was another psychostimulant. Seeing humans suffering from disease conditions is heartache. Some of the causes are mere ignorance, poverty, superstitions, and limited resources.

The contribution one can give couldn’t be limited to just prescribing drugs or surgical procedures that end up affecting one person. It’s much better to involve one self in to position that may bring possible change to the whole society even in form of orientation.

What also motivated me more was how I wasn’t the first to traverse this similar path. Bibliophiles were common among medical students and medical professionals.

At  international level, the former Prime Minister of Malaysia, Dr. Mahathir Muhammad, was a physician.

Most of the current economic development of Malaysia was attributed to him. The South American revolutionary figure Che Guevara was a physician. Atul Gawande was an endocrinologist, health policy analyst, adviser to former President Obama, campaign volunteer to former President Bill Clinton, and adviser to USAID/WHO on health policies.

Frantz Fanon was another physician, psychiatrist, racial discrimination activist, and political writer. Dr. Zakir Naik was a renowned Islamic scholar, comparative religion expert, and physician.

At the national level, Prof. Usman Yusuf is a haematologist, former NHIS DG, and currently a political activist. Dr. Aminu Abdullahi Taura was a psychiatrist and former SSG to the Jigawa state government. Dr. Nuraddeen Muhammad was a psychiatrist and former cabinet minister to President Goodluck Jonathan.

During ward rounds and clinics, my mind often wanders to enquire not just  about the diagnosis but the actual cause of the disease condition; why would a 17-year-old multiparous young lady develop peripartum cardiomyopathy (PPCM)? Why would a 5-year-old child develop severe anaemia from a mosquito bite? Why would a 25-year-old friend of mine develop chronic kidney disease, and his family would have to sell all their belongings for his treatment? Why are our Accident and Emergency units filled with road traffic accident cases? Was it bad road conditions or lack of adherence to traffic laws and orders?

Why are African countries still battling with 19th century diseases like Tuberculosis, filariasis, and malarial infections? Why issues of fighting cervical cancer and vaccination campaigns are treated with contempt in our societies? Why access to basic primary healthcare in Nigeria was still a luxury 50 years after Alma Ata declaration?

The questions are never-ending…

Answers to these questions could be found not in the conventional medical textbooks like Robbins/Cotrand, Davidson, or Sabiston. Answers to these questions are there on our faces. Answers to these questions are tied to the very fabric of our social life, our public institutions, our culture, and our life perspectives.

In order to make any significant contribution towards the betterment of this kind of society, it would be quite easier as an insider rather than an outsider. You can’t bring any positive outcome by just talking or commenting. It was rightly stated that a cat in gloves catches no mice.

The real players in a game are always better than the spectators. A player deserves accolades despite his shortcomings, frequent falls, and inability to deliver as planned theoretically. For the player has seen it all, because so many things in public life are not as they appear. It’s only when you are there that the reality becomes visible. This is the reason why many leaders who have goodwill and enjoy public support appear to have lost track or contributed insignificantly when elected or appointed into office.

But despite all these challenges, one can’t decline to do something good just because something bad might happen. The risk is worth it….

Attahir wrote from Federal University Dutse

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A Healthier Future: President Tinubu’s Drive to Improve Nigerian Healthcare

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Letter to President Tinubu

By Victor Benjamin

Health is wealth,” a common adage echoing through Nigerian communities, encapsulates the fundamental importance of well-being. President Bola Tinubu’s administration appears to have taken this sentiment to heart, demonstrating a bold commitment to revolutionising Nigeria’s health sector.

Through a multi-pronged approach focused on strengthening infrastructure, upskilling manpower, and ensuring efficient healthcare delivery, the administration is signaling a new era for healthcare in Nigeria. This ambitious agenda, backed by tangible initiatives and achievements, holds the promise of a healthier and more prosperous nation.

President Bola Ahmed Tinubu’s administration has launched a comprehensive and ambitious agenda to transform Nigeria’s healthcare sector, signaling a new era of progress and commitment to the well-being of the Nigerian people. This multi-pronged approach focuses on strengthening infrastructure, upskilling the healthcare workforce, enhancing system efficiency, and addressing critical public health challenges. The administration’s actions are demonstrably moving towards a more robust and accessible healthcare system.

A cornerstone of this transformation is the aggressive expansion and upgrade of healthcare infrastructure. The federal government’s decisive action to convert the General Hospital Kumo in Gombe State into a Federal Medical Centre (FMC) is a prime example. This strategic upgrade, the second federal medical institution in Gombe, will significantly improve healthcare delivery in the Northeast region. Moreover, the upgraded Kumo FMC will serve as a teaching hospital for the Federal University of Kashere and Lincoln University, Kumo, contributing to the crucial training of future medical practitioners.

Furthermore, the administration is committed to dramatically increasing the number of functional Primary Healthcare Centres (PHCs) from 8,809 to over 17,600 by 2027. This expansion aims to bring quality healthcare closer to communities, particularly in underserved areas. To support this, the Basic Health Care Provision Fund (BHCPF) is being redesigned to provide more Direct Facility Funding to healthcare facilities, increasing from N300,000 to N600,000-N800,000 per quarter. The federal government has also identified 577 primary healthcare centres for immediate revitalization, indicating a focused and actionable plan.

Recognising that a strong healthcare system relies on a skilled workforce, President Tinubu has prioritised investment in human resources for health. The approval of 774 National Health Fellows, selected from each local council, aims to foster sustained improvements and cultivate future healthcare leaders. The administration has also set out to train 120,000 frontline health workers over 16 months, with 40,240 already trained, addressing critical manpower gaps in PHCs.

Additionally, the enrolment capacity of accredited nursing and midwifery institutions is being increased to meet the growing demand for healthcare professionals. A community health programme is being redesigned to create 126,000 jobs for community health workers, extending essential health services to remote and underserved communities.

Strengthening healthcare systems and efficiency is another critical aspect of the administration’s agenda. The Nigeria Health Sector Renewal Investment Initiative (NHSRII), launched in December 2023, serves as a strategic blueprint to improve population health outcomes through primary healthcare and enhance reproductive, maternal, and child health services.

The National Primary Health Care Development Agency (NPHCDA) is developing a three-year digitalisation agenda, encompassing facility functionality, supply chain management, financial management, and the community health information system.

This initiative promises improved efficiency and data-driven decision-making. Nigeria’s active participation in the Collaborative Active Strategy (CAS) further streamlines health campaigns and strengthens the overall health system.

Addressing critical health challenges is also a priority. First Lady Senator Oluremi Tinubu’s strong advocacy campaign against tuberculosis (TB), declaring it a health emergency and committing an additional N1 billion through the Renewed Hope Initiative, highlights the administration’s focus on tackling significant public health issues. The nationwide rollout of HPV vaccination, with over 12 million girls vaccinated, demonstrates a proactive approach to preventive healthcare.

The international community has recognised the administration’s commitment. The World Bank has approved $1.57 billion to support the health sector in Nigeria, focusing on strengthening human capital through better health for women, children, and adolescents. This significant financial support underscores the global confidence in the administration’s vision and execution.

President Tinubu’s comprehensive health agenda promises substantial benefits for the Nigerian populace. Foremost, it aims to drastically improve access to quality healthcare, particularly at the primary level, ensuring that even remote communities receive essential medical services.

This is complemented by a concerted effort to build a more robust and better-trained healthcare workforce, effectively addressing critical manpower shortages and ensuring adequate staffing across facilities. Simultaneously, the administration is focusing on strengthening healthcare infrastructure and equipment, upgrading existing facilities and constructing new ones to provide healthcare providers with necessary resources.

Furthermore, the agenda prioritises the creation of more efficient and transparent healthcare systems through digitalisation and improved financial management, streamlining processes and optimising resource allocation. Crucially, it demonstrates a strong commitment to tackling critical public health issues, such as tuberculosis and immunisation, through focused attention and targeted interventions. These multifaceted efforts collectively pave the way for a healthier nation, enhancing the overall well-being of the Nigerian people.

This comprehensive approach underscores President Tinubu’s understanding of the critical role of a strong healthcare system in national development. By prioritizing infrastructure, workforce development, system efficiency, and targeted interventions, the administration is laying the foundation for a healthier and more prosperous Nigeria. This narrative presents a compelling story of progress and commitment in the Nigerian health sector, marking a significant step towards a brighter future for the nation’s healthcare.

Victor Benjamin is the West/South South Director for Young Professionals for Tinubu (YP4T)

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