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FG Reaffirms Global Leadership In Entrepreneurship At 2025 GEC

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FG Reaffirms Global Leadership In Entrepreneurship At 2025 GEC

The federal government has reaffirmed its commitment to entrepreneurship-driven industrial transformation. Nigeria made a commitment at the 2025 Global Entrepreneurship Congress (GEC) and the high-level Startup Nations Ministerial in Indianapolis, United States.

Representing the federal government at the event, Minister of State for Industry, Trade and Investment, John Owan Enoh conveyed the excitement of Nigeria to the international audience of ministers, policymakers, and innovation leaders.

In his address at the Ministerial plenary, the minister emphasised Nigeria’s resolve to position Micro, Small, and Medium Enterprises (MSMEs) as the foundation for economic diversification, job creation, and inclusive growth.

“With over 39 million MSMEs contributing 84 per cent of Nigeria’s total employment, we are not merely supporting small businesses — we are investing in national resilience and the architects of our economic future,” Senator Enoh said.

Senator Enoh highlighted the major reforms and initiatives undertaken by the Nigerian government to support the MSME sector. These include the implementation of the Nigeria Startup Act, the establishment of Industrial Hubs across various states, and strategic financing mechanisms like the Syndicated De-risked Loan Scheme.

He also noted that over ₦1.3 trillion has been disbursed to MSMEs through the Bank of Industry (BOI), while SMEDAN (Small and Medium Enterprises Development Agency of Nigeria) continues to drive ecosystem development through solar-powered innovation centres and digital enterprise programs.

The Minister further cited the international success of Nigerian fintech giant Flutterwave, now valued at over $3 billion, as evidence of the country’s growing global stature in the digital innovation space. “This is what becomes possible when entrepreneurship meets enabling regulation and forward-looking innovation,” he said.

On the sidelines of the congress, Senator Enoh led Nigeria’s delegation in a series of strategic bilateral meetings with global institutions and country counterparts. Discussions focused on enhancing MSME competitiveness, innovation partnerships, and developing measurable benchmarks for Nigeria’s industrial ecosystem.

In a significant development, the Ministers of Industry and Trade from Algeria, Brazil, and Indonesia committed to strengthening South-South cooperation and working with Nigeria on joint SME development frameworks. These engagements, Senator Enoh noted, are vital in accessing technical support, capacity-building opportunities, and cross-border investments.

“Nigeria is not only contributing to global conversations on entrepreneurship — we are helping shape the narrative from an African perspective,” he said.

The Federal Ministry of Industry, Trade and Investment has reiterated its dedication to advancing President Bola Ahmed Tinubu’s vision of an inclusive and innovation-led economy. With entrepreneurship placed at the heart of national industrial strategy, the Ministry says it remains open to global partnerships that empower small businesses, unlock digital trade, and spur sustainable economic advancement.

“Nigeria is ready to scale new heights,” Senator Enoh declared. “Our entrepreneurs are ready. Our policies are bold. And our ambition is clear — to make Nigeria a global model for entrepreneurship-led development.”

The 2025 Global Entrepreneurship Congress provided a strategic platform for Nigeria to project its leadership, deepen international cooperation, and attract meaningful collaboration in driving the MSME sector as a pillar of economic renewal.

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Dangote Refinery Fixes Petrol Price in New Pricing Template 

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Dangote Refinery Slashes Ex-Depot Price By N40

Dangote Petroleum Refinery has fixed the ex-depot price of Premium Motor Spirit (PMS), also known as petrol, at $0.779 per litre as it officially transitioned to a dollar-denominated pricing system for refined petroleum products.

The new pricing template, which took effect on Monday, July 13, 2026, also pegs Automotive Gas Oil (diesel) at $1.087 per litre and aviation fuel at $0.942 per litre, while coastal deliveries of petrol have been priced at $1,044.62 per metric tonne.

The move effectively ends naira payments for petrol, diesel and aviation fuel purchased from the refinery, marking a significant shift from the naira-based transactions introduced under the Federal Government’s naira-for-crude policy, which commenced on October 1, 2024.

In a notice to petroleum marketers and customers, the refinery said all previously issued naira-denominated Proforma Invoices (PFIs) and Deal Recaps for both gantry and coastal transactions had become invalid.

The notice, signed by the refinery’s Group Commercial Operations, stated: “Following our email of July 9, 2026, regarding the transition from naira to United States dollars (USD), please note that all issued naira coastal and gantry PFIs/Deal Recaps are now invalid, and no payments should be made against them.

“The applicable USD prices for each product, effective today, July 13, 2026, are provided below.”

Under the revised pricing template, petrol sold through the gantry will cost $0.779 per litre, diesel $1.087 per litre, aviation fuel $0.942 per litre, while coastal PMS supplies will sell for $1,044.62 per metric tonne.

The refinery, however, clarified that the transition does not affect Liquefied Petroleum Gas (LPG) transactions.

“Also note that this transition to USD does not apply to LPG transactions,” the notice added.

Industry sources said the change was necessitated by an increasing mismatch between the currency used to purchase crude oil and the currency in which refined products were being sold.

According to one source familiar with the development, Dangote Refinery now receives a significant portion of its crude oil from the Nigerian National Petroleum Company Limited (NNPCL) under dollar-denominated supply arrangements, while a large volume of refined products has continued to be sold domestically in naira.

The source said the imbalance had heightened the refinery’s exposure to foreign exchange risks.

Another industry official explained that the refinery had received fewer crude cargoes under the naira-for-crude arrangement in recent months, making it commercially necessary to align product sales with the currency used for crude procurement.

“Dangote Refinery is receiving fewer naira-denominated crude cargoes from NNPCL than dollar-denominated cargoes, while a larger volume of its petroleum products has been sold in naira.

“The resulting currency mismatch, combined with volatility in international crude oil prices and continued exchange-rate uncertainty, made it necessary to migrate product sales to dollars,” the source said.

The development is expected to have far-reaching implications for petroleum marketers, many of whom source products directly from the refinery for nationwide distribution.

It also raises fresh questions about the future of the Federal Government’s naira-for-crude initiative, which was introduced to strengthen domestic refining, reduce pressure on foreign exchange demand and help stabilise fuel prices.

Although the refinery has fixed a dollar benchmark for product sales, the retail pump price of petrol across the country will continue to depend on several factors, including the prevailing naira-dollar exchange rate, international crude oil prices, transportation and logistics costs, regulatory charges and marketers’ margins.

With Dangote Refinery now accounting for a substantial share of Nigeria’s refined petroleum supply, industry stakeholders are expected to closely monitor how the new pricing regime influences fuel prices and competition in the deregulated downstream petroleum market.

 

Source: Tribune

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Nigeria Strengthens Maritime Leadership as Fadahunsi Emerges Vice Chairman of Eastern Atlantic Hydrographic Commission

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The Hydrographer of the Federation and Chief Executive Officer of the National Hydrographic Agency (NHA), Rear Admiral OO Fadahunsi, has been elected Vice Chairman of the Eastern Atlantic Hydrographic Commission (EAtHC) for the 2026–2028 term, further reinforcing Nigeria’s growing influence in regional and global maritime governance.

Rear Admiral Fadahunsi’s election was confirmed on Friday, 3 July 2026, during the ongoing EAtHC Conference in Abidjan, Côte d’Ivoire, where member states endorsed his emergence to one of the commission’s most strategic leadership positions.

Established on 26 November 1984 under the auspices of the International Hydrographic Organization (IHO), the Eastern Atlantic Hydrographic Commission was founded by France, Nigeria, Portugal and Spain. Over the past four decades, the commission has expanded significantly, comprising 11 member states, 10 associate members and six observers committed to promoting hydrographic excellence across the Eastern Atlantic region.

The commission plays a pivotal role in advancing hydrography, nautical cartography and maritime safety through capacity-building initiatives, the development and implementation of International (INT) Charts and Electronic Navigational Chart (ENC) schemes, improved hydrographic surveys, enhanced charting standards, effective dissemination of nautical information and sustained advocacy on the importance of hydrography to regional maritime development.

Since its inaugural conference in Paris, France, in April 1986, the EAtHC has convened biennially to strengthen collaboration among member states and chart the future of hydrographic development.

In another significant endorsement of Nigeria’s expanding maritime profile, the country has been selected to host the next EAtHC Conference in June 2028. Nigeria will also host the 25th Meeting of the Capacity Building Sub-Committee (CBSC25) and the 19th Meeting of the Inter-Regional Coordination Committee (IRCC19) in June 2027, positioning the country at the centre of major international hydrographic engagements.

Rear Admiral Fadahunsi’s election is widely regarded as a testament to Nigeria’s sustained investment in hydrographic development, maritime safety and regional cooperation. It also reflects growing international confidence in the National Hydrographic Agency’s contributions to safer navigation, marine resource management and the blue economy.

As Nigeria prepares to welcome leading hydrographers, maritime regulators and technical experts from across the world over the next two years, the country is poised to consolidate its reputation as a key driver of hydrographic innovation and maritime security in the Eastern Atlantic region.

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Canada Publishes 2 Official Websites to Find Jobs, Says Over 2,000 Vacancies Are Posted Daily 

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Canada has made it easier for unemployed individuals and foreigners who wish to live and work in the country to find jobs that can help them live comfortably and meet their basic responsibilities.

On the official Canadian government website, two links are provided to websites where job seekers can find available jobs in Canada

According to the Canadian government website, applicants who apply for jobs through these platforms can get hired by different companies, as more than 2,000 jobs are posted every day.

Aside from these two websites, the Canadian government explains that individuals can also use employment agencies to help them find jobs that match their skills.

A job seeker can also ask friends or family members if there are job openings or vacancies, as not all positions are advertised on these websites.

1. Job Bank

The Canadian government explains that thousands of jobs are advertised on this platform every day by organisations and companies. The link to access the website can be found in the detailed post published on the Canadian government website.

2. Jobs GC

Another website where foreigners who wish to work in Canada or Canadian citizens can find government jobs is the Jobs GC website. Federal public service jobs are advertised on the website, alongside several other opportunities that may match an applicant’s skills.

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