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5th WenA Conference: Women Entrepreneurs, SMEs Keeping Nigeria’s Economy Alive — Presidency

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• Many women still lack access to information, capital, and markets — Aisha Babangida
• FG pledges reforms to boost women-owned businesses, inclusive growth

The Presidency has lauded the invaluable contributions of Nigerian women and Small and Medium Enterprises (SMEs) to national development, describing them as the lifeblood of the country’s economy.

Speaking at the 5th Women Enterprise Alliance (WenA) Conference held in Abuja, the Senior Special Assistant to the President on Entrepreneurship Development and Innovation in the Digital Economy, Ms. Chayla Shagaya, reaffirmed the Federal Government’s commitment to strengthening the ecosystem for women entrepreneurs through targeted reforms that reduce the cost of doing business, expand access to finance, and promote gender-responsive policies for inclusive economic growth.

Themed “Policy Reforms and Resilience Strategies for Small and Medium Enterprises in a New Economy,” the conference brought together key policymakers, development partners, financiers, and entrepreneurs from across Nigeria.

Women: The Quiet Economists of Every Household

Ms Shagaya noted that under President Bola Ahmed Tinubu’s Renewed Hope Agenda, women-led SMEs remain “the quiet economists of every household” and a central pillar of Nigeria’s economic resilience.

“Across Nigeria, women entrepreneurs are doing the hard work of keeping our economy alive — innovating, employing, and solving local problems with global relevance. About 70 per cent of public submissions on SME policy reforms came from women,” she stated.

Shagaya highlighted ongoing government reforms such as the Presidential Power Initiative, digital financing pathways, and tax harmonisation frameworks aimed at lowering operational costs for SMEs, most of which are women-led.

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She further revealed partnerships between the Bank of Industry and other financial institutions aimed at improving access to affordable credit for female entrepreneurs, who often face challenges related to collateral.

“You no longer need to bring your grandmother’s land title to secure a loan,” she added humorously.

According to her, a digital feedback call recently hosted by her office received over 100,000 submissions, with more than 70 per cent coming from women business owners.

“This is no longer a time for policy on paper; it is time for policy that reaches people where they are — especially the women at the heart of our enterprise sector,” she affirmed.

Aisha Babangida: From Policy Talk to Practical Tools

In her address, Her Excellency Aisha Babangida, Founder of WenA, described the conference as a platform to accelerate the translation of national and global policy commitments into measurable outcomes for women-led enterprises.

She underscored the need for continuous advocacy, lamenting that many women still lack access to information, capital, and markets, and are often constrained by rigid and complex regulatory frameworks.

“When I founded WenA, I thought passion was enough. But it wasn’t. The paperwork, the tax codes, the licensing rules — these were heavy even for those of us with networks. Imagine what it’s like for a woman starting a micro-business in a rural town with little support,” she said.

Aisha Babangida commended UN Women Nigeria for its Affirmative Action Procurement Reform Initiative in Kaduna State, which has introduced female representation on procurement boards, waived registration fees, and reserved a portion of public contracts for women-led enterprises.

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“Inclusive procurement is not a concession to women; it is an economic strategy,” she emphasised.

She announced that WenA will soon launch a National Certification Programme to help women entrepreneurs qualify for public contracts through enhanced documentation, compliance, and capacity building.

“Our goal is not to highlight problems but to unlock solutions. Today, we move from policy talk to practical tools — from exclusion to empowerment,” Babangida declared.

UN Women, AfDB Push for Care-Responsive Policies

During the pre-conference policy workshop, Ms Aisha Bendo-Alkali of UN Women Nigeria highlighted the urgent need to address unpaid care work, a significant barrier limiting women’s participation in the economy.

Supported by the African Development Bank (AfDB) and Women Entrepreneurs Finance Initiative (We-Fi), the initiative promotes care-responsive policies and the integration of women’s economic empowerment into national planning.

“Reducing the burden of unpaid care is not just a gender equality goal — it is essential to unlocking national productivity,” she said, calling for the scale-up of inclusive procurement policies nationwide.

FIRS Announces ₦100 Million Tax Exemption Threshold for SMEs

In his goodwill address, the Executive Chairman of the Federal Inland Revenue Service (FIRS), Dr Zacch Adedeji, unveiled key fiscal reforms designed to ease tax burdens on small businesses, especially those run by women.

He announced that, effective January 2026, businesses earning not more than ₦100 million in annual turnover will be exempted from corporate income tax — a measure he described as “a deliberate strategy to incentivise growth, not penalise enterprise.”

“Taxation should support the formalisation and scaling of small businesses — not stifle them,” he stated.

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Dr Adedeji also revealed the introduction of a Unified Tax Identification Number (UTIN), integrated across the Corporate Affairs Commission (CAC), FIRS, and other agencies to simplify compliance for SMEs.

He added that the FIRS is transitioning to fully digital tax filing and correspondence systems, eliminating paper-based bureaucracy.

Building a Resilient and Inclusive Economy

The 5th WenA Conference attracted participation from senior government officials, development agencies, private sector leaders, and entrepreneurs — all reaffirming the central role of women in driving inclusive growth, job creation, and national resilience
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In her closing remarks, Aisha Babangida emphasised that real reform must be measured by tangible impact, not policy statements.

“A real reform is when a woman in Kaduna, Aba, or Makurdi feels the change in her daily hustle — when she can register her business in minutes, access capital without fear, and supply to the government without discrimination,” she said.

The event, supported by FIRS, FCMB, and UN Women, concluded with a collective pledge to advance a gender-inclusive economic framework that leaves no woman behind.

“Empowering women entrepreneurs is not charity,” Ms Shagaya asserted. “It is a national strategy — and the path to building a resilient and inclusive Nigerian economy.”

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NMCA 2025 Shines Spotlight on Investigative Journalism as Hybrid News NG’s Hyacinth Nwafor Clinches Crime Reporting Award

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The Managing Editor of Hybrid News Nigeria, Mr. Hyacinth Nwafor, has been conferred with the Award of Excellence in Crime Reporting at the National Media Community Award (NMCA) 2025, held at the NERDC Conference Centre, Agidingbi, Ikeja, Lagos.

The prestigious award ceremony, organized by the Media Community Network Africa in collaboration with Daily Pride Communications, brought together an assemblage of distinguished personalities and thought leaders from the media, government, business, and public relations sectors.

According to the organisers, this year’s edition of NMCA is designed to celebrate excellence, integrity, and innovation within the Nigerian media landscape, while promoting responsible journalism as a vital tool for national unity, security consciousness, and socio-economic progress.

In a letter addressed to Mr. Nwafor, the NMCA Award Screening Committee noted: “With profound respect and professional admiration, the Governing Council, Advisory Board, and Award Screening Committee of the Media Community Network Africa are delighted to honour Mr. Hyacinth Nwafor with the Award of Excellence in Crime Reporting. His contributions to investigative journalism and public-interest reporting exemplify the courage, integrity, and professionalism that the NMCA seeks to celebrate.”

In his remarks after receiving the award, Mr. Hyacinth Nwafor expressed deep gratitude to the organizers for the recognition, describing it as both humbling and inspiring.

“I am deeply honoured and profoundly humbled to receive this award. This recognition is not just a personal achievement, but a reflection of the collective support, trust, and encouragement I have received from so many remarkable individuals along the way,” he said.

Mr. Nwafor extended special appreciation to the Assistant Inspector General of Police, Zone 2 Command, AIG Fayoade Adegoke, for his exemplary leadership and encouragement, which he described as a source of inspiration for excellence, discipline, and dedication to duty.

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Reflecting on the significance of being honoured during his lifetime, he said: “It is truly a thing of great joy to be celebrated and recognized while still alive. Too often, we wait until people are gone before acknowledging their impact. Honouring people in their lifetime when they can feel and share in that joy is one of the purest forms of gratitude. It reminds us that our efforts are not in vain, that our voices matter, and that our labour of love for our nation and humanity is seen.”

Mr. Nwafor also used the occasion to draw attention to the plight of journalists across the country, emphasizing the urgent need for government intervention to improve their welfare and safety.

“Journalists are the conscience of society. They tell the stories that shape nations, hold power accountable, and give voice to the voiceless. Yet, many suffer in silence, dying in poverty, battling health challenges without support, and working without safety nets or shelter. It is therefore imperative that the Federal Government and relevant authorities create stronger structures of protection, welfare, and empowerment for journalists,” he said.

He further called for policy reforms that guarantee safety, healthcare, housing, and dignity for media professionals, adding that a society that neglects its storytellers risks losing its moral compass.

“Journalists should not only be remembered in times of crisis or celebrated posthumously. They deserve to live honourably, work safely, and age gracefully. Recognition should translate into real-life impact,” Nwafor emphasized.

Concluding his speech, Mr. Nwafor expressed renewed commitment to the ideals of truth, fairness, and justice that underpin the journalism profession.

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“As we celebrate today, let this award serve as a call to action, a reminder that recognition is not just about applause or trophies, but about building a system that values human lives, integrity, and service. This honour renews my dedication to the truth, to humanity, and to the noble calling of journalism. Together, we can build a better, fairer, and more compassionate society.”

The National Media Community Award (NMCA) has, over the years, evolved into one of the most respected platforms for recognizing excellence in Nigerian media. Its mission remains to encourage responsible communication and celebrate individuals and institutions making remarkable impact through journalism and public service.

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SDNON Set for Annual Media Summit 2025

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Preparations for the Society of Digital Newspaper Owners of Nigeria (SDNON) Summit 2025 have reached their peak as the association finalizes arrangements for the highly anticipated event.

With the theme “Policy Shifts in Cyber Law and Taxation: What They Mean for the Media and Nigeria’s Economy,” the summit promises to be an engaging and insightful gathering. It will feature seasoned experts in finance, cybercrime, taxation, and public relations, who will provide in-depth analysis and practical perspectives on the evolving policy environment and its implications for the media landscape and the nation’s economy.

According to Mr. Wale Onifade, Chairman of the Organizing Committee, the event, scheduled for November 13, 2025, at the LCCI Business District, Alausa, Lagos, will commence at 10:00 a.m.

Dr. Adeniyi Ifeatayo, President of SDNON, described the association as a collective of forward-thinking media professionals committed to shaping the future of journalism in Nigeria.

Dr. Ifetayo said “Together, we promote credibility, innovation, and collaboration in Nigeria’s digital media landscape,”.

He further noted that SDNON’s mission is to empower and unify digital newspaper owners in Nigeria by fostering ethical journalism, promoting innovation, and advocating for the rights and sustainability of digital media practitioners.

Also “Our vision is to be the leading voice and authority for digital news media in Nigeria—driving credibility, professionalism, and progressive impact in the digital journalism space, he added.

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Niger Delta Youths Urged to Tap into Federal Empowerment Opportunities

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By Mercy Enoch | Asaba

The Niger Delta Progressives Alliance (NDPA) has launched a sensitization campaign to educate young people across the region on how to access federal government programmes and policies designed to improve their lives.

Speaking during a one-day sensitization forum held at Bon Hotel, Asaba, over the weekend, with the theme “Empirical Perspective on President Tinubu’s Offers in Two Years: A Strategic Engagement of Niger Deltans on Accessibility”, the Convener of NDPA, Victor Udoh, said the initiative was driven by the realization that many people in the region are not benefiting from federal interventions—not because they are excluded, but because they lack the right information.

“For instance, in the 2024/2025 NELFUND student loan programme, 65 percent of beneficiaries are from the North, while 35 percent are from the South—and most of that 35 percent are from the South-West,” Udoh explained. “It’s not that our people were denied; they simply didn’t apply. Many don’t even believe these opportunities are real.”

He said the group aims to equip citizens with the knowledge to access government programmes directly, without middlemen or illegal charges. Udoh added that increased participation in initiatives such as the National Directorate of Employment (NDE) and the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) would strengthen the region’s economic base and foster peace.

“When people are economically empowered, communities become more secure and stable,” he noted. “That’s why we’re taking this message from state to state across the Niger Delta.”

Also speaking, Engr. Jator Abido, National Coordinator of the Niger Delta Youth Council Worldwide and Paramount Ruler of Niger Delta Communities in the North, said the gap in access between northern and southern youths remains concerning.

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“More northerners are taking advantage of these programmes than southerners,” he said. “That’s why we’ve taken it upon ourselves to educate our people about these initiatives—NELFUND, SMEDAN, and other presidential projects—and how they can change lives.”

Abido highlighted federal efforts to support the region’s growth, including the award of pipeline surveillance contracts to companies such as Pipeline Infrastructure Nigeria Limited (PINL), which he described as deeply committed to the development of the Niger Delta.

“PINL has played a major role in ending pipeline vandalism and oil theft,” he said. “Their operations have helped increase oil production from under one million barrels per day to nearly two million, while creating thousands of jobs for youths and funding scholarships, training, and skills acquisition programmes.”

He emphasized that these initiatives align with President Bola Tinubu’s Renewed Hope Agenda, calling on Niger Delta youths to embrace the opportunities available.

“The President means well for the Niger Delta,” Abido said. “Students can benefit from NELFUND loans, entrepreneurs can access SMEDAN funds, and even small producers in rural areas can get help to process and export their goods.”

The Secretary-General of NDPA and host of the event, Felix Ejenavi, said the sensitization drive—which began in Rivers State—will extend to all nine states of the Niger Delta.

In his remarks, ThankGod Trakiriowei, Delta State Commissioner for Youth Development, commended President Tinubu and Governor Sheriff Oborevwori for implementing programmes that have had tangible impact on citizens’ lives. He urged young people in the region to seize the opportunities available through federal and state platforms to empower themselves and build sustainable livelihoods.

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