General
Taking Nigerian Small Businesses to Paradise

In the last 40 years, small business owners and entrepreneurs have been receiving greater recognition as drivers of economic growth all over the word. It has become a given that, to achieve long-term economic growth and prosperity, participation from entrepreneurs is very important. Small businesses have contributed to job creation, economic growth and poverty reduction.
As we have seen in Nigeria in the last two decades, entrepreneurship is a driving force within the economy because of entrepreneurs’ innovative nature, among other factors. In developed economies, corporations and large capital significantly determine the extent of scientific, technical and production potential.
In third world countries with a market economy system, small enterprises are the most common, dynamic and flexible form of business life. In Nigeria, they contribute in stabilising the political climate. Yet not every small business will flourish
Why Small Businesses Fail in Nigeria, a seven-chapter book written by Ayodele Ajayi, provides sufficient facts why entrepreneurs in the country pack up after a while. In knowing the hidden pitfalls, as outlined by the author, the writer creates a veritable platform for small businesses to reinvent themselves and blossom.
Ajayi educates all that there is a probabilistic indicator to show that not all businesses in Nigeria surpass their first anniversary. This sounds like a spoiler alert, but the author links this to the inability to overcome teething problems and other avoidable mistakes.
Talking from experience, Ajayi, whose entrepreneurial journey has been like a yo-yo experience, says his substantial investment and unwavering effort in the paint business didn’t yield the much-expected dividends when he set out. Why Small Businesses Fall in Nigeria, therefore, seeks to empower the reader and the entrepreneur with a weapon to navigate the intricacies of Nigeria’s business environment. It is also beneficial for big businesses.
In the first chapter, Ajayi paints a realistic picture of Nigerian entrepreneurship beyond the hype on some success stories. “When considering starting a small business, one of the first decisions you must make is whether to operate online, offline, or a combination of both,” writes Ajayi.
He points out that the reality of entrepreneurship is far less glamorous than many anticipate, part of which includes supporting the lives of team members and other partners involved in the business. He recommends that, before setting out, you must study the business environment of the country, because the reality of doing business in Nigeria differs with many factors he outlined in the book (read the book).
Part of the reasons for business failures include inappropriate location, hence: “A solution to that problem may be to change the location to a more strategic area with a higher demand for the business’s products or services. The structure of the business can also make or mar it.” Another reason is faulty operation. Ajayi stresses the importance of learning from others, for nobody knows it all.
The author zeroes in on the pitfalls that crumble businesses in Nigeria. Understanding and answering the purpose of your business, he says, will help the entrepreneur navigate and avoid the landmine. Expertise is also important. The author makes a case for implementing effective corporate governance.
Explaining in detail the common reasons for small business failures in Nigeria, the author highlights inadequate market research, poor management of business resources, poor cash flow management, wrong expansion, poor marketing and sales skills.
Offering practical steps to follow to navigate these pitfalls, the author advises business owners to be disciplined, detach themselves from the businesses, plan and execute well, learn continuously, build a strong network and stay financially savvy. He encourages entrepreneurs to guide against having a single product or service in Nigeria, develop excellent customer service, and adapt to market trends. Unlike Easy Taxi that crumbled in Nigeria, the author cites Mega Chicken as one that has successfully stood out in a competitive food market.
The fourth chapter of the book emphasises on financial management. “Financial management is a necessary skill for every business, because it deals with how you account for your money,” says the author. who goes on to furnish us with basic financial concepts that relate to small business in Nigeria.
These include budgeting, cash flow management, investment management, debt management, financial planning, risk management, bookkeeping. The book furnishes the reader with strategies for securing funding and managing debts effectively. It arms us with the right resources for maintaining financial support, literacy and mentorship in Nigeria.
Ajayi, in the fifth chapter, teaches the power of marketing and sales. This is very important. You may have a good product yet it is not selling. Like he has done throughout the book, he offers practical steps for creating a customer-centric approach and building brand loyalty, including but not limited to personal service, reward system and getting feedback from customers.
The concluding part of the book x-rays the demands of leadership. Without reading this book, you may not appreciate the gems in the publication. I recommend this book to not only businessmen anywhere in the world but those aspiring to have multiple streams of income in Nigeria.
General
USA SMS Number Rental: Everything You Need to Know

The interconnected world benefits from USA phone numbers because these numbers allow users to access specific American services, perform privacy protection, and manage accounts. With the capacity to receive SMS online through a USA phone number, you open opportunities in multiple areas.
This tutorial will reveal every aspect of USA SMS number rentals, including an overview of the advantages, the best providers, and step-by-step setup details.
Why Rent a USA SMS Number?
There are numerous reasons why someone might need a USA phone number. Here are just a few:
- Accessing US-Based Services: Most US-based online platforms and their promotions and services operate within a US-specific region. A phone number in the USA lets you overcome such geographical limitations to access restricted content.
- Business Purposes: If your business has small operations, it can use USA numbers to support customer relations and marketing processes without maintaining physical locations.
- Travel: American travelers benefit from US numbers because these numbers enable access to local facilities and restaurant reservations, keeping US family members connected without creating financial burdens due to roaming expenses.
- Dating Apps: Online dating requires users to consider privacy safeguards when dealing with dating applications. The USA number is an account verification tool that allows secret contact without exposing your original telephone details.
How Does USA SMS Number Rental Work?
Obtaining a USA SMS number for rental remains a straightforward process. You join an SMS service provider that lets you select the number you want, followed by a monthly rental fee payment, to access their services. You obtain your number from the service, which you can use to get SMS messages that might be accessed through their platform or application. The service allows you to access SMS messages from any location worldwide.
Choosing a USA SMS Number Provider
Selecting the right provider is crucial for a smooth and reliable experience. Consider the following factors:
- Reliability: Choose a provider who demonstrates excellence in delivering SMS messages through a reliable service.
- Number Selection: Verify that the provider will provide numbers that match the specific area code or geographical region you need.
- Pricing: Select a price plan that meets your spending needs and covers your message requirements.
- User Interface: Select a vendor with a simple application for handling your phone number and reading messages.
- Privacy and Security: Review the provided privacy policy to understand how personal data is handled and to determine the security measures in place.
Who Can Benefit from Renting a USA SMS Number?
The benefits of renting a USA SMS number extend to a diverse range of users:
- Privacy Seekers: Individuals who value privacy can use a USA number to protect their personal information online.
- Small Businesses: Startups and small businesses can establish a US presence without the overhead of traditional phone lines.
- Frequent Travelers: Travelers can stay connected and access local services without roaming fees.
- Dating App Users: Users of dating apps can maintain anonymity and control their personal information.
Getting Started with a USA SMS Number
The process of renting a USA SMS number usually involves these steps:
- Research Providers: Explore different providers and compare their features, pricing, and reputation.
- Sign Up: Create an account with your chosen provider.
- Select a Number: Choose a USA number that meets your needs.
- Verify Your Account: You may need to verify your identity with the provider.
- Start Receiving SMS: Once your number is activated, you can begin receiving SMS messages.
SMS-MAN is one such service that provides virtual numbers for various purposes. It offers numbers from many countries, including the USA, and provides a platform for managing these numbers and receiving SMS messages. Its services can benefit those seeking privacy or needing a number for verification purposes.
Tips for Using Your USA SMS Number
- Protect Your Account: To secure your account, implement a strong password and activate the two-factor authentication provided by the service.
- Be Mindful of Usage: Check your received texts regularly to remove all unwanted messages with spam content.
- Manage Your Messages: SMS-MAN and other comparable providers developed simple methods to obtain and manage US smartphone messaging numbers. Following the advice presented in this article will help you identify the best service for your unique needs.
SMS-MAN, alongside similar providers, makes obtaining and managing a US number for SMS much more straightforward than it used to be. Considering the factors in this article, you can find the perfect service to meet your needs.
Conclusion
The rental of SMS numbers from the USA serves many functions that benefit users who require US-based access or need to preserve their privacy. The combination of selecting an established provider with knowledge of how their services function enables users to gain US phone number benefits with no need for regular phone line expenses.
General
NICA Advocates Wider Acceptance of Buy Now, Pay Later

By Adedapo Adesanya
The National Institute of Credit Administration (NICA) has urged Nigerians to support the Buy Now, Pay Later (BNPL) model.
BNPL is a short-term financing option, common in e-commerce and retail, that allows consumers to make purchases and pay for them in installments, usually without interest if paid on time.
According to the Registrar and chief executive of NICA, Mr Chris Onalo, in a statement, the ‘cash and carry’ approach slows economic growth, adding that in contrast, buy now, pay later creates opportunities for small businesses to thrive and expand.
He also explained that the government’s ongoing loan schemes, saying the initiatives would bring prosperity to small businesses and citizens
He highlighted that President Bola Tinubu’s credit policy addresses micro, small and medium enterprises (MSMEs) key challenges, adding that establishing a guarantee system helps absorb bankable risks and enhances financial inclusion.
Mr Onalo emphasised that the National Credit Guarantee Company (NCGC) will resolve the long-standing issue of collateral.
“Lack of security has historically hindered MSMEs’ access to bank financing.
“Tinubu is quietly and carefully laying a cornerstone for economic stability. A credit economy is essential for sustainable growth and development,” he said.
He explained that no developed economy thrives without credit, stressing that access to credit is crucial for resilience and long-term economic sustainability.
Mr Onalo noted that the consumer credit initiative led by the Nigerian Consumer Credit Corporation (CREDICORP) will boost the economy. It will also improve Nigerians’ living standards.
According to him, NICA is committed to educating Nigerians on the benefits of credit. Credit access is vital for citizens’ well-being and overall economic growth.
“This government is restructuring Nigeria’s economy. It aims to create a well-shaped, sustainable system that supports hardworking and creative Nigerian entrepreneurs.
“When fully implemented, Nigeria will become a thriving economy. It will attract Nigerians in the diaspora and black people worldwide,” he said.
He stressed the importance of an economic stabilisation system, adding that wealth should be concentrated in citizens’ hands to enhance economic resilience.
He noted that Tinubu identified “consumer credit culture” as a key pillar of his economic growth strategy upon assuming office.
He attributed current economic hardships to past governments’ failures.
“A lack of people-centred policies hindered productivity, entrepreneurship, job creation, and industrialisation.
“NICA, as an independent professional entity, recognises Tinubu’s economic reforms. Though slow, they are laying the foundation for a resilient economy.
“A nation with strong credit access, particularly for MSMEs, will experience exponential economic growth,” Mr Onalo stated.
He said prioritising people’s empowerment would drive industrialisation.
According to him, this will create jobs, improve living standards, and increase government revenue streams.
Mr Onalo also emphasised that MSMEs drive national prosperity, as indigenous business owners would evolve into conglomerates, blue-chip companies, and multinational corporations.
General
Obasa Missing at Lagos Assembly Plenary Weeks After Removal as Speaker

By Adedapo Adesanya
The embattled former Speaker of the Lagos State House of Assembly, Mr Mudashiru Obasa, was absent when the chamber resumed plenary on Thursday, almost a month after his ouster by his colleagues while he was out of the country.
Mr Obasa was impeached on January 13 over allegations bordering on financial misconduct and abuse of office.
Many also believed that the Agege-based politician’s ambition to be Lagos State governor come 2027 was an unspoken factor, a move he said in December 2024 was well within his rights.
Although he won’t lead the house as the Speaker following his impeachment, he remains a member of the legislature until 2027.
The Lagos Assembly comprises 40 lawmakers of the ruling All Progressives Congress (APC), representing the 20 Local Government Areas of the state. At the plenary today, only 36 lawmakers were present.
Business Post reports that issues surrounding the former speaker were not raised on the floor of the House on Thursday, indicating that lawmakers may have moved on from the matter.
On issues discussed, the lawmaker representing Epe Constituency I, Mr Abiodun Tobun, commended the economic policy of the federal government, saying insecurity in Lagos has been curbed to the barest minimum.
Mr Tobun also moved a motion, asking the House to write a letter of commendation to the presidency for all the impactful initiatives introduced by the federal government.
On his part, the lawmaker representing Eti-Osa constituency II, Mr Gbolahan Yishawu, also reeled out various initiatives introduced by the Federal Government, alongside other lawmakers.
The Speaker of the House, Mrs Mojisola Meranda, joined in applauding President Bola Tinubu, expressing confidence in his leadership.
According to her, the President has approved loan access for small-scale businesses, and the stock market capitalisation is growing. She noted that these were signs that Nigeria was on the right track.
She noted that Mr Tinubu is also making significant investments in security to ensure the safety of Nigerians and also praised First Lady, Mrs Remi Tinubu, for her dedication to national development.
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