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Vanguard News
Major sources of funding for SMEs and large firms in a pandemic
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By Timi Olubiyi
IN the country, apart from the known business challenges such as the decrepit infrastructure, inconsistent government policies, double taxation, regulation irregularities and the COVID-19 pandemic disruptions in recent times, lack of capital or funding issues contribute majorly to business failures.
According to findings of several surveys, one of the top challenges faced by entrepreneurs and businesses in Nigeria today is access to funding. Seemingly, funding is the bloodline of any form of business, whether it is a startup, nano, micro, small or medium-sized business, or an established large firm; knowing how to raise capital can often make the difference between business success and failure.
By Joy Odigie
Benin, April 1, 2021 Atlantique Marine Engineering Services (AMES), promoter of the Edo Inland Container Dry Port, is collaborating with Manufacturers’ Associations and the Chambers of Commerce to commence export at the port.
Dr Charles Akhigbe, MD/CEO AMES-Edo Inland Container Dry Port disclosed this in an interview with newsmen in Benin on Thursday.
Akhigbe said the port has a Domestic Export Warehouse (DEW) that served as a one-stop shop for exporters and business operators.
“We are entering into contracts with Chambers of Commerce, Manufacturer Associations as well as individuals to start exportation of non-Oil products from Edo via the inland dry port.
Vanguard News
Who’ll implement the National Quality Policy?
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ON February 1, 2021 the Minister of Industry, Trade and Investment, Niyi Adebayo, announced with flourish the Federal Government’s approval of the National Quality Policy, NQP, which is primarily meant to stop the rejection of Nigerian exports to foreign countries.
Much as this measure is welcome in that it will help in solving a major impediment to our efforts to diversify our means of earning foreign exchange from dependence on crude oil sales, it is seriously bemusing that a country that gained its independence over 60 years ago and once depended on produce exports for its survival is only just now realising the need to create an NQP to promote its exports.
By Evelyn Usman
THE Calabar seaport, Cross River State, has recorded a historic 7,000 metric tonnes of cocoa export shipment to the United States of America, USA, the first time of such cargo since its concession over14 years ago. The export was handled from the Ecomarine Terminals.
Speaking at the load-out ceremony in Calabar, Governor Ben Ayade, called on the Federal Government to implement the agreement reached with the concessionaires on dredging of the Calabar port.
Boasting that the state was rich in agricultural resources, the governor asserted that the dredging of the port’s channels would be strategic in terms of employment opportunities.