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NASME Calls for Greater Government Support Amid Rising Inflation Pressure on SMEs

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4 months ago

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NASME Calls for Urgent Government Action as Inflation Threatens Survival of Nigerian SMEs

The Nigeria Association of Small and Medium Enterprises (NASME) has called on both federal and state governments to intensify support for small businesses grappling with inflation, rising production costs, and weakened consumer demand—pressures that are pushing many enterprises to the brink.

During a general meeting held in Warri, Delta State, NASME Delta Chairperson, Lady Judith Nwachukwu, acknowledged ongoing government reforms but emphasized the urgent need for more targeted, transparent, and easily accessible interventions, especially for grassroots entrepreneurs.

“SMEs form the backbone of our economy, yet many are in crisis,” Nwachukwu stated. “With skyrocketing raw material costs and reduced consumer purchasing power, it’s becoming increasingly difficult for small businesses not just to grow, but to survive.”

She applauded the Tinubu administration’s recognition of SMEs’ importance in national development, particularly through policies like tax incentives, local content support under the ‘Nigeria First’ initiative, and efforts to expand access to finance. However, she stressed that these policies must go beyond paper promises and deliver real impact at the community level.

According to Nwachukwu, current financing structures remain too rigid and favor larger, more formal enterprises. “Intervention funds must be truly inclusive,” she said. “The eligibility criteria often replicate commercial banking standards, which exclude most informal and micro-scale entrepreneurs.”

She also cited economic policy shifts—such as fuel subsidy removal, exchange rate unification, and persistent insecurity in agricultural zones—as factors compounding inflationary pressures on small businesses. These challenges, she warned, are eroding the sector’s already limited capacity to absorb shocks.

To reverse the decline, NASME is calling for stronger collaboration between government and private sector actors to ensure SMEs play a central role in the Renewed Hope Agenda. “Our members are eager to contribute, create jobs, and grow the economy,” Nwachukwu added, “but they need practical, grassroots-oriented support.”

NASME commended the Delta State Government’s approval of a ₦1 billion revolving loan fund for MSMEs—administered by the Bank of Industry (BoI) at single-digit interest rates—as a step in the right direction. Nwachukwu emphasized that timely and transparent disbursement will be key to the initiative’s success.

She also thanked BoI for recently approving loans for several NASME Delta members and encouraged the bank to maintain swift disbursement processes.

A key moment during the meeting was the unveiling of the NASME Delta Multipurpose Cooperative Society, designed to enhance financial resilience among members. The cooperative will be led by NASME’s Public Relations Officer, Sir Hilary Ikem.

As economic headwinds persist, NASME’s message is clear: Nigeria’s path to economic recovery must begin with inclusive, actionable support for its small businesses—not just reforms, but real empowerment from the ground up.

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Discover Life-Changing Digital Products You Can Buy on Selar Today

Published

1 month ago

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September 24, 2025

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In today’s fast-paced world, knowledge truly is power. The people who thrive are those who continuously invest in themselves. Whether you want to learn a new skill, start a side hustle, improve your finances, or build a healthier lifestyle, the right digital product can open doors to opportunities you never imagined.

That’s why millions of smart people across Africa and beyond are choosing Selar—one of the largest digital product marketplaces. From ebooks, online courses, masterclasses, templates, business blueprints, and more, Selar gives you access to tools that can transform your life.

Why You Should Invest in Digital Products

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How to Get Started on Selar

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Recommended Digital Products You Can Buy Today

Here are some of the top digital products available now:

Final Thoughts

Investing in the right digital products can change your life, career, and finances. Instead of spending years figuring things out on your own, you can leverage the wisdom of experts and start seeing results faster.

Don’t wait—take action today. Each product listed above is designed to equip you with skills, knowledge, and opportunities that will continue to pay off for years to come.

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Discover Life-Changing Digital Products You Can Buy Today on Selar

Published

2 months ago

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September 1, 2025

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In today’s world, knowledge is power—and the people who succeed are those who invest in themselves. Whether it’s learning a new skill, starting a side hustle, improving your finances, or building a healthier lifestyle, the right digital product can open doors to opportunities you never imagined.

That’s why millions of smart people across Africa and beyond are turning to Selar, one of the biggest marketplaces for digital products—from ebooks, online courses, masterclasses, templates, to business blueprints and more.

Why You Need These Digital Products

  1. Instant Access – No waiting, no shipping. Buy now and start learning or applying immediately.
  2. Affordable Investment – Instead of spending years figuring things out, you can learn from experts who’ve already succeeded.
  3. Proven Results – These products are created by professionals who have tested strategies and methods that actually work.
  4. Lifetime Value – Once you purchase, you can always come back, re-learn, and apply the knowledge again and again.

Who Can Benefit from These Products?

  • Business owners who want to grow sales, attract more customers, and scale faster.
  • Students and young professionals looking to learn in-demand skills like digital marketing, UI/UX, forex, or freelancing.
  • Entrepreneurs searching for side hustle opportunities to increase income.
  • Anyone who wants to improve in health, wealth, and personal development.

How to Get Started

  1. Choose a Product Below – I have carefully selected high-value digital products that have helped thousands of people.
  2. Click the Link – Each product has a direct link to purchase securely through Selar.
  3. Start Learning & Applying – You’ll receive instant access so you can begin right away.

Recommended Digital Products You Should Buy Today

(This is where you will list your affiliate product links with a short description for each, for example:)

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Final Thoughts

Investing in the right digital products can transform your life, career, and finances. Instead of wasting years trying to figure things out, you can leverage the experience of experts and start seeing results immediately.

Take action today by choosing from the products above. Each one is designed to equip you with skills, knowledge, and opportunities that will pay off for years to come.

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business

We are Hiring: Social Media Growth Ambassadors (2 Positions)

Published

3 months ago

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August 18, 2025

By

Remote | Part-Time or Flexible Hours

Are you active on social media and passionate about business, jobs, and opportunities?
Do you know how to attract attention, spark engagement, and drive traffic online?
Then this opportunity is for you!

Role Overview:

We are looking for 2 dynamic individuals to serve as Social Media Growth Ambassadors for GlobabizEmpire.com — a trusted online platform for global jobs, business insights, and income opportunities.

Key Responsibilities:

  • Promote GlobabizEmpire.com consistently on Facebook, Instagram, WhatsApp, TikTok, or X

  • Share daily job updates, business news, and smart money tips from the website

  • Drive website traffic using content, trends, reels, and referral links

  • Respond to DMs/comments and convert viewers into website visitors

  • Provide weekly reports on reach, impressions, and traffic performance

What You’ll Need:

  • A strong presence on social media (min. 2,500 followers on at least one platform)

  • Great communication skills and social media creativity

  • Consistency and accountability

  • Passion for helping people grow their careers or income

What You’ll Get:

  • Monthly stipend + performance-based bonus

  • Opportunity to grow your personal brand with us

  • Free digital training + content materials

  • Certificate of Digital Advocacy (upon successful campaign)

How to Apply:

Send us a message with:

  1. Your full name

  2. Link to your active social media profiles

  3. Short message on why you are the perfect fit

  4. Screenshot of your past engaging post (if available)

Email: [email protected]
WhatsApp: +234 8153507382
Deadline: August 22, 2025

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