General
Lagos Partners AfreximBank, ImpactHER on Export Readiness Programme for SMEs
By Modupe Gbadeyanka
In an effort to transform Lagos-based businesses into globally competitive exporters, the state government has launched the Lagos SMEs Export Readiness Programme (LASERP) for Small and Medium Enterprises (SMEs).
The initiative is in partnership with AfreximBank and ImpactHER. The aim is to build wealth, create jobs, and amplify Lagos State and Nigeria’s economic prosperity.
Already, a total of 253 Micro, Small and Medium Enterprises (MSMEs) have been shortlisted for the programme, enabling them to scale their businesses beyond national borders under the African Continental Free Trade Area (AfCFTA).
At the unveiling of the scheme in Lagos on Wednesday, the Commissioner for Commerce, Cooperatives, Trade and Investment in Lagos, Mrs Folashade Bada Ambrose, said, “The concept of export readiness is not just a trending term but an economic imperative.
“In an era marked by regional integration and AfCFTA operationalisation, we cannot afford to keep our vibrant enterprises confined to domestic markets.
“Our MSMEs must evolve from local champions to continental contenders. Nigeria, and Lagos State, in particular, has long been regarded as the economic engine of West Africa.
“But, being an engine is not enough if we are not propelling forward. This programme is the vehicle that will drive us into new markets, beyond borders, and into the centre of intra-African commerce.”
Expressing appreciation to Afreximbank and ImpactHER for their collaboration, commitment to facilitating trade and industrialisation across Africa, and empowerment of women-led businesses on the continent, the Commissioner noted that the week-long training has been meticulously designed to demystify the export process, build practical skills, and create a clear pathway to cross-border trade participation.
She stated that the training starting from Friday, July 4, 2025, will offer participants the opportunity to be immersed in high-value sessions covering export documentation and regulatory compliance, product packaging and labelling standards for international markets, trade finance and export credit guarantees, understanding logistics, customs, and border procedures, market entry strategies, especially under the AfCFTA, digital trade and e-commerce opportunities and gender-responsive exporting for women-led MSMEs.
“At the end of this training, 20 outstanding participants will be selected to represent Lagos at the Intra-African Trade Fair (IATF) scheduled to hold in Algiers, Algeria, in September 2025.
“The Fair is a gateway to over 1.3 billion consumers and provides a chance to engage buyers, investors, partners, and policy influencers from across the continent. Our selected trainees will become Lagos’ Export Ambassadors,” she said.
In his remarks, the Director for SME Development at AfreximBank, Mr Ody Akhanoba, explained that empowering SMEs with the resources they need via capacity training presents a significant opportunity to increase Africa’s share of exports.
“We are at the edge of turning on the SME’s capacity to be more competitive in the market. With that in mind, we have taken concrete steps to promote the participation of SMEs in the African landscape through strategic interventions, such as facilitating trade and finance, capacity building, and market access,” he added.
He disclosed that the bank has contributed significantly to providing training capacity to over 3,000 African SMEs through tailored incubator and accelerator programmes similar to the newly launched Lagos State/AfreximBank Accelerator Programme.
Also, the Permanent Secretary, Lagos State Ministry of Commerce, Cooperatives, Trade and Investment, Dr Olugbenga Aina, described the Accelerator Programme for SMEs as another first that would help to equip Lagos-based SMEs with the necessary technical tools they desire to scale them up to the next level.
Also speaking, the representative of ImpactHER’s founder, Clementina Uzogor, explained that the six-week training programme, comprising four weeks of training and two weeks of mentorship, is meant to enhance and scale participants’ export businesses and provide a platform to network with trade experts and other Nigerian WSMEs.
General
IFC, Norfund Back Nigeria’s Mini-Grid Expansion with $83.2m Funding
By Adedapo Adesanya
The World Bank’s financing arm, the International Finance Corporation (IFC), and the Norwegian investment fund (Norfund) have committed up to $83.2 million to expand solar hybrid mini-grids across Nigeria, in a move expected to connect nearly half a million new users to electricity.
The funding will support five renewable energy companies, Darway Coast Nigeria Limited, GVE Projects Limited, Prado Power Limited, PriVida Power Limited and StarTimes Energy, to build 315 mini-grid sites across underserved communities.
The projects are projected to deliver about 494,189 new electricity connections. Renewable energy solutions
IFC says the intervention is aimed at closing Nigeria’s massive electricity gap, noting that more than 85 million people in the country still live without access to power.
The institution said expanding distributed renewable energy will not only improve electricity access but also cut energy costs and support small businesses in rural areas.
According to IFC, “By supporting distributed renewable energy solutions, this initiative will help expand access to reliable electricity while reducing energy costs, strengthening local economies, and enabling income-generating activities.”
For operators already working in the sector, the new funding is expected to speed up expansion plans.
The chief executive of Darway Coast Nigeria Limited, Mr Henry Ureh, said the support will allow companies to scale faster and reach more communities that have remained off the national grid for years.
“Access to reliable electricity allows us to expand our operations, support local businesses, and create jobs in the communities we serve,” he said.
Nigeria’s off-grid power space has been growing steadily, but access remains uneven. Data from the Africa Solar Industry Association shows that the country currently has over 4.8 gigawatts of installed solar capacity, but only about 115 megawatts come from mini-grids serving rural communities.
The IFC has been one of the biggest institutional backers of this segment. Last year, it announced a separate $16 million financing package for Nigerian developer Virtuitis to build 97 mini-grids expected to serve over 140,000 off-grid consumers by 2027, showing a steady increase in international interest in decentralised power solutions.
With grid supply still unreliable in many parts of the country, mini-grids are increasingly becoming the most practical solution for rural electrification as they supply adequate but limited power for limited power consumption.
For many communities, the impact goes beyond electricity. Reliable power is expected to support trading activities, agro-processing, small manufacturing and education, all of which have struggled under years of unstable supply. But operators also warn that sustained policy support and stable regulation will be key to scaling beyond pilot-level projects.
As deployment begins across the 315 sites, observers are keen on understanding how quickly these projects can move from funding to actual connections to where they are needed.
General
Oyo Introduces Daily Environmental Sanitation
By Aduragbemi Omiyale
As part of efforts to ensure a cleaner and healthier environment, a daily environmental sanitation monitoring and enforcement system has been introduced by the Oyo State government.
At a press briefing to mark his first 100 days in office, the Commissioner for Environment and Natural Resources, Mr Ademola Aderinto, explained that the government has shifted from the traditional monthly environmental sanitation exercise to a more proactive system that encourages residents to take responsibility for maintaining cleanliness on a daily basis.
He noted that this approach is being reinforced by continuous monitoring and enforcement by environmental health officers
“We are now enforcing daily environmental sanitation. Our officers are on the field every day to ensure compliance, and cleanliness must become a daily responsibility,” he stated.
According to him, to strengthen operations, the government has re-engaged 930 Environmental Vanguards, sweepers, and waste packers, while also procuring two brand new compactor trucks with the support of Governor Seyi Makinde to enhance waste evacuation.
Highlighting the ministry’s achievements, the Commissioner said the ministry has expanded its impact through strategic workforce deployment and innovation, adding that the 930 Environmental Personnel has been structured to improve enforcement and sanitation coverage.
Mr Aderinto hinted that with sweepers now operating twice daily to ensure cleaner roads across the state, while also benefiting from enrolment in the Oyo State Health Insurance Scheme.
The ministry also launched the Oyo Soro Soke (Oyo SSS) Environmental Whistleblower platform accessible via mobile applications and WhatsApp, empowering residents to report environmental violations and promote community participation in environmental governance.
In addition, the ministry strengthened operational capacity by introducing a first-of-its-kind waste segregation system across government offices, and initiated Public-Private Partnerships for the construction of modern public toilets.
The Commissioner expressed gratitude to the Governor for the opportunity to serve, assuring that the confidence reposed in him will not be misplaced, also appreciating members of the Executive Council for their strong inter-ministerial collaboration, as well as the Permanent Secretary, Dr Sunday Ojelabi, for his support.
Highlighting other achievements, he noted improved media engagement by the Ministry, with regular press briefings and public advisories on issues such as flooding, heat waves, cholera, and Lassa fever.
The Commissioner added that the Ministry has regulated charcoal production through a structured framework, commemorated World Earth Day with tree planting, intensified efforts to end open defecation, and strengthened interventions against diseases through inspections and environmental monitoring.
Reaffirming his commitment, Mr Aderinto assured residents that the Ministry will sustain and build on these gains, saying, “The future of our environment in Oyo State is bright. What we have achieved in 100 days is only the beginning.”
General
Petrol Station Owners Urge Domestic Gas Utilisation
By Adedapo Adesanya
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has urged the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to prioritise policies that promote domestic gas utilisation.
The association recommended that NUPRC strengthen measures to ensure price stability and long-term energy security for Nigerians, as indicated in a statement by its national public relations officer, Mr Joseph Obele.
The call comes alongside PETROAN’s commendation of the choice of Mr Magnus Abe as NUPRC Board chairman.
PETROAN national president, Dr Billy Gillis-Harry, cited Mr Abe’s prior roles as a National Assembly lawmaker, Secretary to the Rivers State Government, and former board member of the Nigerian National Petroleum Company (NNPC) Limited, meaning he has extensive knowledge of Nigeria’s oil and gas sector and its operational dynamics.
PETROAN also lauded NUPRC’s collaboration with the Nigeria LNG Limited (NLNG), which has committed 100 per cent of its LPG production to the domestic market.
Mr Gillis-Harry projected that this would reduce cooking gas prices and other gas-based products soon.
The association highlighted NUPRC’s efforts to remove regulatory bottlenecks, improve ease of doing business, and sustain stakeholder engagement to meet rising domestic gas demand and shield the market from global volatility.
PETROAN emphasises that a stable upstream sector will have far-reaching benefits across the petroleum value chain, including enhanced product availability, reduced energy costs, job creation, and overall economic growth, stating it would support policies and reforms in Nigeria’s petroleum industry.
Other PETROAN recommendations included sustaining regulatory reforms, accelerating gas infrastructure and distribution networks to ensure efficient delivery of gas to end-users nationwide; continuous and structured stakeholder engagement to promote transparency, policy consistency, and industry-wide collaboration; and maintaining structured stakeholder engagement.
It also urged collaborating with the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to activate government-owned refineries, expressing confidence in Abe’s leadership and reiterated its support for policies fostering a competitive and transparent petroleum industry.
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