Reps seeks N350m allocation to revive ailing SMEs

The House of Representatives has called on the Federal Government to allocate N350 million in the 2026 budget to revive moribund industries and support small and medium-sized enterprises (SMEs) across Nigeria.

The resolution followed the adoption of a motion moved by Hon. Akarachi Amadi, who represents the Mbaitoli/Ikeduru Federal Constituency of Imo State.

Amadi noted that several formerly thriving industries across the country have collapsed or become inactive due to poor power supply, high interest rates, and weak infrastructure, leading to job losses and economic decline.

Citing data from the National Bureau of Statistics (NBS), he said Nigeria’s unemployment rate has risen from 25 percent in 2022 to over 40 percent in 2025, largely due to the closure of key manufacturing industries.

“The moribund state of local industries has led to an increase in the importation of goods previously produced in Nigeria, causing capital flight, worsening exchange rates, and fueling inflation, especially in sectors where we were once self-reliant,” Amadi said.

He added that the collapse of local industries has also contributed to rising insecurity, kidnapping, and other social vices, as many unemployed youths turn to crime out of frustration.

The lawmaker highlighted that several industries across the six geopolitical zones remain inactive, including the Katsina Steel Rolling Mill in Katsina State, the National Paper Manufacturing Company in Ogun State, and the Standard Shoe Industry Limited in Imo State. Others include the Taraba Tomato Processing Company, the Idah Glass Company in Kogi State, and the Cross River Wood Processing Plant.

Amadi warned that some Nigerian manufacturers are already relocating to neighbouring countries such as Ghana due to Nigeria’s poor infrastructure and high operating costs.

He stressed that reviving industries like the Osogbo Steel Rolling Mill, Osogbo Machine Tools, and Ceramic Industry, Umuahia would strengthen Nigeria’s economy, reduce reliance on imports, and create more jobs.

Following the motion’s adoption, the House urged the Federal Ministry of Industry, Trade, and Investment to include the N350 million allocation in the 2026 budget to kick-start the revival of these industries.

An 18-year-old rejected by Ivy Leagues, now the founder of a million dollar AI empire

 Zach Yadegari is 18 years old and has already built a technology business that generates millions in revenue annually. His story challenges traditional ideas about college, career success, and what it takes to achieve them.

He demonstrates that self-driven learning, consistent persistence, and hands-on practical experience can open doors—often without following the usual academic or professional paths. Zach’s journey highlights how unconventional approaches and a strong entrepreneurial mindset can lead to remarkable achievements at a young age.

Cal AI's users upload a photo of their food, and the app's artificial intelligence-based software gives them an estimate of the total calories. The app, which Yadegari says has a 90% accuracy rate, was launched in May 2024.

Learning to code early

Yadegari started coding at seven. By ten, he was teaching others how to code and charging $30 per hour.

He launched it in May 2024 with partners Henry Langmack, Blake Anderson, and Jake Castillo. The app grew quickly, reaching $30 million in annual revenue. Yadegari created it after realizing how difficult it was to track calories accurately during his own fitness routine. The app focuses on usability, allowing people to log meals by taking a picture rather than manually entering every item.

Cal AI’s growth shows how young developers can spot problems in daily life and build solutions that many people find useful.

Yadegari and his team handled coding, design, and marketing themselves, gaining practical experience that few classroom settings can provide.

Facing Ivy League rejections

Even with a 4.0 GPA and a 34 ACT score, Yadegari was rejected by Stanford, MIT, Harvard, Yale, Columbia, and Princeton. He received offers from Georgia Tech, University of Miami, and University of Texas. He chose the University of Miami for its social environment, preferring opportunities to meet people and learn outside the classroom rather than focusing on prestige.

College as a learning experience

Yadegari initially enrolled in the business school at Miami. Later, he switched to philosophy and continues with one entrepreneurship course. He has said that most of what he learns in class is less valuable than running a business himself. College is important to him for the social experience and the chance to explore different ideas, but he views it as a supplement to practical learning rather than the main path to success.

Lessons from Yadegari’s path

Yadegari’s story reflects a broader trend among young innovators. Many are questioning whether elite colleges are necessary for building careers. Instead, they are focusing on skills, entrepreneurship, and technology projects. Yadegari’s journey shows that results, impact, and problem-solving ability can matter more than a degree from a top university.

From teaching himself to code at seven to co-founding a company generating millions at 18, Yadegari offers a model for young people who want to explore alternatives to traditional education.

His experience shows that it is possible to build a career through creativity, learning by doing, and persistence. It also demonstrates that education can take many forms, and success is increasingly measured by what people can create and accomplish rather than where they went to school.

The takeaway

Yadegari continues to explore business ideas and technology projects. He still attends some classes but spends most of his time on ventures that interest him. His approach suggests that college can be one part of a larger learning journey rather than the only route to achievement.

Zach Yadegari’s journey highlights that today’s youth can shape success on their own terms, demonstrating how determination, hands-on experience, and curiosity can open doors that conventional paths may not.

Investing in Nigerian Stock

 

Investing in stocks can be a profitable venture. Yet, it requires knowledge, strategy, and an understanding of the market.

Nigeria’s stock market offers a unique opportunity for investors. It’s a vibrant and dynamic market with a diverse range of stocks.

Before diving in, it’s crucial to understand the economic landscape of Nigeria. This includes key sectors showing promising growth and investment opportunities.

This article aims to guide you through the process of investing in Nigeria stocks. It provides actionable tips and insights to help you make informed decisions.

Whether you’re a beginner or have some experience, this guide will be beneficial. It covers everything from setting up an account to choosing stock picks.

So, let’s embark on this journey to explore the potential of Nigeria stocks investment.

Understanding the Nigerian Stock Market

The Nigerian Stock Exchange (NSE) is the heart of the country’s stock market. It’s where companies list their shares for investors to buy and sell.

The NSE operates under a well-regulated environment. This ensures transparency and protection for investors.

Investing in Nigeria stocks involves understanding the economic landscape. This includes the key sectors that drive the economy.

Political stability also plays a significant role. It can impact the performance of stocks and the overall market.

In essence, a deep understanding of the Nigerian stock market is crucial. It forms the foundation for successful investing.

Setting Up for Investment Success

To start investing in Nigeria stocks, you need to set up an account. This involves choosing a brokerage firm.

The brokerage firm will act as your intermediary in the stock market. They will execute your buy and sell orders.

It’s important to choose a reputable brokerage. They should have a good track record and offer excellent customer service.

Consider the brokerage’s trading platform too. It should be user-friendly and offer useful tools for investors.

Here are some factors to consider when choosing a brokerage:

• Reputation and track record
• Customer service
• Trading platform and tools
• Fees and charges

Choosing the Right Brokerage

Choosing the right brokerage is a crucial step. It can significantly impact your investing experience.

Ensure the brokerage is registered with the Nigerian Stock Exchange. They should also be a member of the Central Securities Clearing System (CSCS).

Consider the brokerage’s fees and charges. These can eat into your investment returns if they are too high.

Lastly, check the brokerage’s customer reviews. They can give you insights into the brokerage’s service quality.

Account Setup and CSCS Registration

Once you’ve chosen a brokerage, you’ll need to set up an account. This involves providing your personal details and bank information.

You’ll also need to register with the CSCS. This is a mandatory step for all investors in the Nigerian stock market.

The CSCS is responsible for the clearing and settlement of trades. They also handle the custody of securities.

Remember to keep your CSCS number safe. You’ll need it for all your transactions in the stock market.

Crafting a Solid Investment Strategy

Investing in Nigeria stocks requires a solid strategy. This strategy should align with your financial goals and risk tolerance.

Your strategy should also consider the economic landscape of Nigeria. This includes the political stability and key growth sectors.

It’s important to stay updated with market news. This can help you make informed investment decisions.

Remember, investing is not a get-rich-quick scheme. It requires patience and discipline.

Lastly, don’t forget to review and adjust your strategy periodically. This can help you stay on track with your financial goals.

Diversification and Risk Management

Diversification is a key risk management strategy. It involves spreading your investments across different assets.

In the context of Nigeria stocks, this means investing in different sectors. This can help mitigate the risk of a single sector performing poorly.

You can also diversify by investing in different types of stocks. This includes large-cap, mid-cap, and small-cap stocks.

Remember, the goal of diversification is not to maximize returns. It’s to spread the risk and increase the chances of achieving consistent returns.

Fundamental vs Technical Analysis

Fundamental and technical analysis are two key methods for picking stocks. Fundamental analysis involves evaluating a company’s financial health.

This includes analyzing the company’s financial statements. It also involves assessing the company’s management and competitive position.

Technical analysis, on the other hand, involves studying price patterns. This can help predict future price movements.

Both methods have their strengths and weaknesses. It’s important to understand these before deciding which method to use.

Remember, no method can guarantee success in the stock market. It’s all about making informed decisions and managing risk.

Key Sectors and Stock Picks

Investing in Nigeria stocks involves picking the right sectors. Some sectors show promising growth and investment opportunities.

These include the financial sector, consumer goods sector, and the oil and gas sector. Each sector has its unique risks and rewards.

When picking stocks, it’s important to do your research. Look for undervalued stocks with growth potential.

Here are some tips for identifying such stocks:

• Look at the company’s earnings growth.
• Check the company’s debt levels.
• Assess the company’s competitive position.
• Consider the company’s dividend policy.

Remember, picking the right stocks requires patience and discipline. It’s not about timing the market, but time in the market.

Monitoring and Adjusting Your Portfolio

Once you’ve invested in Nigeria stocks, the work doesn’t stop. It’s crucial to monitor your portfolio regularly.

This involves reviewing your investment performance. You should also adjust your strategy as needed.

Remember, the stock market is dynamic. Your investment strategy should be too.

Staying Informed: Market News and Trends

Staying updated with market news is key. It can affect stock performance significantly.

Also, understanding market trends can guide your investment decisions. For instance, demographic trends can shape investment opportunities.

Keep an eye on global economic events too. They can influence the Nigerian stock market.

The Role of Professional Advisors

Professional financial advisors can be helpful. They can guide your Nigeria stocks investment.

However, it’s important to choose the right advisor. Look for those with a solid track record.

Remember, the final investment decision always rests with you.

Common Pitfalls to Avoid

Investing in Nigeria stocks comes with potential pitfalls. One common mistake is not diversifying your portfolio.

Another pitfall is making impulsive investment decisions. It’s important to keep emotions in check.

Also, avoid timing the market. It’s a risky strategy that often fails.

Lastly, beware of investment scams. Always verify the legitimacy of investment schemes.

The Future of Nigeria Stocks Investment

The future of Nigeria stocks investment looks promising. Technology and fintech are transforming the landscape.

Investors can now trade stocks with mobile apps and online platforms. This makes investing more accessible.

However, it’s important to stay informed. Continuous learning and staying updated with investment strategies is key.

Conclusion: Building Wealth through Nigeria Stocks

Investing in Nigeria stocks can be a path to wealth. It requires patience, discipline, and a well-thought-out strategy.

Understanding the market and making informed decisions is crucial. It’s not just about picking stocks, but about building a diversified portfolio.

In conclusion, with the right approach, Nigeria stocks investment can be a rewarding venture.

The Right Nigerian stocks to Pick in 2025

As Nigeria’s economy cools and equities surge, investors face a new question: where to find value next.

After two years of high inflation and tight monetary policy, Nigeria’s economy is now in a disinflationary phase.

The Central Bank of Nigeria (CBN) has begun to ease the Monetary Policy Rate (MPR), triggering expectations of lower fixed-income yields.

For many investors, this signals a gradual shift away from high-yield government securities and back toward equities, where opportunities are emerging.

The ongoing bank recapitalization exercise is reshaping investor sentiment, with Nigerian banks expected to inject over N4 trillion into the financial system.

This move is not only strengthening the capital base of the banks but also boosting market liquidity and deepening investor confidence.

In addition, the planned recapitalization of the insurance sector and relative stability in the foreign exchange market have further brightened the outlook.

The moderation in FX volatility has reduced the foreign exchange losses that weighed heavily on the profits of consumer goods, industrial, and ICT companies between 2023 and 2024.

As a result, many listed firms are now reporting improved margins and stronger bottom lines.

The Nigerian Exchange (NGX) has reflected this investor confidence. As of October 14, 2025, the All-Share Index (ASI) has gained 43.60% year-to-date, while market capitalization stood at an impressive N93.77 trillion.

In this evolving landscape, the key question for investors is: How do you pick the right Nigerian stocks in 2025?

Liquidity first 

Liquidity determines whether you can buy or sell shares easily without triggering large price swings or experiencing long delays.

It is generally safer to invest in companies with strong trading liquidity, as this ensures easier entry and exit positions.

• As a practical guide, investors should focus on companies that have recorded an average monthly trading volume of around 20 million shares consistently for at least three consecutive months.
• While firms with lower volumes say around five million shares per month may still be considered, higher trading volumes provide greater flexibility and confidence.

For instance, FCMB, Universal Insurance, Linkage Assurance, Fidelity Bank, Access Holdings, AIICO Insurance, Zenith Bank, and UBA are among the most actively traded stocks on the NGX, each recording an average of over 500 million shares traded monthly in the past three months.

Define your investment objective 

Once liquidity is established, investors must define their investment objective, the “why” behind every stock choice.

Your goal determines whether you focus on companies that are growing, pay dividends, or are undervalued.

Growth 

If you’re looking for growth, focus on companies with a proven record of strong earnings and profit expansion.

True growth stocks are those that have demonstrated consistent performance even through Nigeria’s volatile economic cycles, from currency devaluations to inflationary and disinflationary phases.

A good benchmark is to identify firms that have achieved a compound annual growth rate (CAGR) of at least 30% in profit over the past five years.

This level of sustained growth indicates operational strengths, consistency, and resilience.

• Banking sector: On average, banks have delivered a five-year profit CAGR of about 63%. Wema Bank, for instance, has grown its profit by over 100% annually.

• Agricultural sectors: Okomu Oil and Presco Plc have demonstrated strong performance, each recording an average profit growth of over 64% per year over the past five years. Though not as heavily traded as the major banks, both companies maintain healthy trading liquidity, averaging over five million shares per month in the last three months, meeting the combined criteria of growth and tradability.

Income Investors 

If your investment objective is income, prioritize regular dividend payouts over aggressive growth.

Focus on mature, cash-rich firms with a track record of paying consistent dividends, ideally maintained over the past several years.

Examples include Seplat Energy, Okomu, Presco, Dangote Cement, Aradel, and BUA Foods. These companies combine stable earnings with predictable dividend payments.

It is crucial to assess the actual dividend yield relative to the share price, as this determines the income efficiency of your investment.

The higher the yield, the better. Many banking stocks are also known for high dividend yields, offering both liquidity and income stability.

Value Investors 

Chasing value is about identifying a stock’s real worth, not just its market price. The key question is whether the market value reflects the company’s intrinsic value. If the market price is below what the stock is actually worth, you’re getting true value.

Target solid companies trading below their intrinsic worth, offering upside potential.

Look for low earnings multiples combined with strong profit growth. Even companies with higher multiples may still represent value if earnings are growing rapidly.

For example, BUA Foods trades at 28x earnings, which may appear high at first glance. However, it has delivered a compound annual profit growth of over 70%, and coupled with double-digit dividends, it remains an attractive investment.

Overall, at first glance, navigating liquidity, growth, income, and value criteria may seem complicated or stressful.

Investors can either engage a trusted financial adviser or painstakingly adopt these measures themselves.

That said, there are several stocks on the NGX that fit neatly into these combined criteria.

• Banking stocks such as FCMB, Zenith Bank, GTCO, UBA, Access Holdings, and Fidelity Bank offer strong liquidity and sustained profit growth, often coupled with attractive dividends.
• In the agricultural sector, Okomu Oil and Presco Plc deliver robust profit growth with sufficient tradability.
• In other sectors, companies like Seplat Energy, BUA Foods, and Dangote Cement combine consistent earnings, dividends, and market presence, making them suitable candidates for investors seeking a balance of growth, income, and value.

By focusing on stocks that meet these practical benchmarks, investors can increase the likelihood of both smooth trading and strong long-term returns, while reducing the risk of being trapped in thinly traded or fundamentally weak stocks.