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Made-in-Plateau Carnival Debuts as GIZ Pushes Green, Circular Economy for 6,000 MSMEs

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The Made-in-Plateau Business Carnival entered its second day on Wednesday with massive turnout at the Solomon Lar Amusement Park, Jos, as thousands of residents trooped in to patronize locally made products sold at highly subsidised festive-season prices.
The five-day event, which runs from December 2–6, is themed “Strengthening the Plateau MSMEs Ecosystem through Synergies and Eco-smart Entrepreneurship.”

Organised in partnership with the Plateau State Government, GIZ, SMEDAN, PLASMIDA, the University of Jos, Plateau State Polytechnic, and several regulatory and financial institutions, the carnival features a one-stop marketplace, exhibitions, trainings, and—for the first time ever on the Plateau—a Made-in-Plateau Deal Room where MSMEs pitch directly to investors.

GIZ: ‘We Have Trained 6,000 MSMEs on Green and Circular Economy’

Speaking at the carnival, Manbyen Daki, Business Development Service Expert for GIZ Plateau State, said the initiative marks a new phase in the state’s MSME development.

“We have trained over 6,000 MSMEs in Plateau to change their mindset from the traditional way of doing business to incorporating the green and circular economy,” she said.

Daki explained that the carnival brings together entrepreneurs, financial institutions and regulatory agencies such as NAFDAC, SON and CAC to create seamless access to markets, business registration and funding at subsidised rates.

She described the newly introduced Deal Room as a major innovation:

“This has never happened before—a deal room where angel investors, impact investors and MSMEs sit together. Entrepreneurs pitch, investors feel the fabrics, taste the coffee, see prototypes, and decide on-the-spot who to support. This is Made-in-Plateau 1.0.”

 

She added that GIZ’s core work is capacity building, job creation and ensuring that the MSME ecosystem on the Plateau becomes strong enough to scale beyond state borders.

Entrepreneurs Showcase Innovation, Culture and Circular Creativity

The carnival also featured a rich display of products, including food items, skincare, organic products, indigenous fabrics, small chops, artworks, and crafts made from everyday waste.

Kim’s Coffee — Pitching for Scale-Up

Dung Davidai, Co-founder of Kim’s Coffee Nigeria Ltd, said the event provides a rare opportunity for small businesses to access real investors.

“It’s my first pitching experience, but it’s a learning curve. Opportunities like these don’t come every day, so I’m here to showcase what we do and how we plan to scale,” he said.

Atili Crafts — Turning a Plateau Treasure Into Wealth

Mrs. Kunna Eframe showcased her unique line of crafts made from Atili seeds, which are commonly found across Plateau communities.

She explained that her team converts the seeds—often left to waste on the ground—into jewelry, jackets symbolizing bravery, cultural instruments, and key holders, representing multiple Plateau tribes.

“Every Plateau tribe uses this instrument. We added colour and design to make it more attractive and culturally expressive,” she said.

Agro-Processing and Natural Products

Agro-processor Alan Prince displayed food products such as amora, sesame, honey, and other processed foods, alongside natural skincare and cleaning products produced by his partner.

He commended the turnout and the support from government and partners.

“Sales have been encouraging for the season. We thank the governor and all agencies that made this program possible,” he said.

Waste-to-Wealth Arts by Enara Works

Stella Enara-Joseph, a lawyer and founder of Enara Works and Designs, showcased a wide range of recycled art pieces.

From photo frames made of broken necklaces, to masks made from raffia, wood scraps, kitchen waste, and bottle covers, her work highlights environmental sustainability.

“Everything we make is from waste. Instead of burning waste and harming the environment, we upgrade it into beautiful home items and artwork,” she explained.

A One-Stop Festival of Creativity and Affordable Shopping

Visitors at the carnival enjoyed access to diverse indigenous products at discounted prices, making shopping easier ahead of the December festivities.

Financial institutions offered MSME-friendly loan packages, while regulators provided on-site business registration and certification at subsidised rates.

The carnival continues until December 6, with organisers assuring the public that even bigger exhibitions, pitching sessions and sales await.

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Business

Sovereign Trust, Guinea Insurance, 5 Others Join Verified List in Final Recapitalization Clearance

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BY NKECHI NAECHE-ESEZOBOR—Sovereign Trust Insurance Plc and Guinea Insurance Plc are among seven additional underwriting firms officially cleared and verified by the National Insurance Commission (NAICOM) as compliant with the Minimum Capital Requirements stipulated under the Nigerian Insurance Industry Reform Act (NIIRA) 2025.

This final batch of approvals formally completes the nation’s insurance recapitalization exercise, bringing the total roster of fully capitalized operators in Nigeria to 48 insurance companies and two reinsurance companies.

See details below:

List of Additional Insurance Companies that Complied with the MCR Prescribed by NIIRA 2025

The post Sovereign Trust, Guinea Insurance, 5 Others Join Verified List in Final Recapitalization Clearance appeared first on Business Today NG.

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Deep offshore incentive order will accelerate investment, production growth — NNPC

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The Nigerian National Petroleum Company Limited (NNPC Ltd) has applauded the Federal Government’s signing of the Deep Offshore Oil and Gas Projects Incentives (Tax Remission) Order, 2026, describing it as a landmark reform that will enhance Nigeria’s competitiveness for deep offshore investment.

President Bola Tinubu approved the order on Tuesday as part of efforts to attract large-scale investments into Nigeria’s deep offshore oil and gas sector.

In a statement issued on Thursday, NNPC said the new order establishes a transparent, predictable, and globally competitive fiscal framework for qualifying greenfield deep-offshore developments.

The company said the framework would provide the certainty required to unlock long-term capital, accelerate Final Investment Decisions (FIDs) and maximise value from Nigeria’s offshore resources.

The order is expected to support Nigeria’s ambition of increasing crude oil production to 3 million barrels per day (MMbopd) by 2030.

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Framework to unlock offshore investments

President Tinubu, while announcing the approval on Tuesday, said the new incentive framework could unlock up to $50 billion in deep offshore investments, beginning with the approximately $10 billion Bonga South West project.

“I have signed the Deep Offshore Oil and Gas Projects Incentives (Tax Remission) Order, 2026, creating a clear and predictable framework capable of unlocking up to $50 billion in deep offshore investment, beginning with the approximately $10 billion Bonga South West project,” Mr Tinubu said.

The policy aims to make previously stalled offshore projects commercially viable by providing investors with tax incentives and greater certainty regarding the fiscal terms governing their investments.

According to NNPC, the framework is expected to reinforce Nigeria’s position as an attractive destination for deep-offshore oil and gas development and unlock more than $50 billion in new investment.

It said the expected investments include major projects such as Bonga South West, Zabazaba and Owowo Deep Offshore developments.

Bonga South West, which was approved in March 2026, is expected to be the first Final Investment Decision on a Nigerian deepwater Production Sharing Contract asset since 2008.

‘Transformative reform’

The Group Chief Executive Officer of NNPC Ltd., Bashir Ojulari, described the order as one of the most significant policy interventions in Nigeria’s upstream sector in recent years.

“This is a transformative reform that sends a strong signal to global investors that Nigeria is committed to providing a stable, competitive and investment-friendly environment for deep offshore development,” Mr Ojulari said.

“Fiscal certainty is a critical driver of investment decisions, and this framework provides the additional clarity the industry has long sought,” he added.

Mr Ojulari said the order aligns with NNPC’s strategy of protecting existing production, accelerating near-term growth and attracting new investments into high-value assets.

“For NNPC Ltd., the Order aligns directly with our strategy of protecting our existing production base, accelerating near-term growth, and attracting new investment into high-value assets,” he said.

He said the reform strengthens the company’s confidence in achieving its 3 MMbopd production ambition while creating greater value for its shareholders and the Nigerian economy.

Mr Ojulari said recent reforms across Nigeria’s petroleum sector had already stimulated more than $34 billion in new investment commitments.

READ ALSO: NNPC posts ₦535 billion profit, records 1.72 million barrels daily oil output in June

He said the Deep Offshore Incentives Order would build on the momentum by enabling timely FIDs on strategic offshore developments.

The NNPC chief executive commended President Tinubu for his commitment to creating an enabling environment for investment and sustainable growth in Nigeria’s energy sector through a series of presidential executive orders.

The company said the latest reform reinforces its commitment to driving sustainable production growth, attracting responsible investment, strengthening Nigeria’s energy security and delivering long-term value to the Federation.


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