Paragraph 1: Celebrating Excellence in Enterprise and Investment Promotion
Ogun State Governor, Prince Dapo Abiodun, has been bestowed with the distinguished accolade of 2025 Best Governor in Enterprise and Investment Promotion at the 5th SME Business Awards. This prestigious recognition acknowledges Governor Abiodun’s unwavering dedication to fostering a thriving entrepreneurial ecosystem within Ogun State. His administration’s proactive approach to supporting small and medium-sized enterprises (SMEs) and driving inclusive economic growth has garnered significant acclaim. The award ceremony, organized by the Association of Small Business Owners of Nigeria (ASBON) and held in Lagos, served as a platform to celebrate the remarkable achievements of individuals and institutions committed to empowering SMEs.
Paragraph 2: A Multifaceted Recognition of Ogun State’s Commitment to SMEs
The accolades bestowed upon Ogun State extended beyond the Governor’s individual achievement. The Ogun State Investment Promotion and Facilitation Agency (OgunInvest) was concurrently recognized as the Most Vibrant State Investment Promotion Agency, highlighting the state’s strategic efforts to attract investment and stimulate economic activity. Ms. Sola Arobieke, Special Adviser to the Governor on Investment and Deputy Director General of OgunInvest, was also honored as the SME Hero in Public Service. This recognition underscores Arobieke’s instrumental role in empowering small businesses, fostering innovation within the public sector, and championing strategic initiatives to support entrepreneurship. The collective recognition of the Governor, OgunInvest, and Ms. Arobieke signifies Ogun State’s comprehensive and impactful approach to nurturing a dynamic SME landscape.
Paragraph 3: Championing Sustainable Business Practices for Long-Term Growth
Ms. Arobieke’s contributions to the SME sector extended beyond her role in Ogun State’s government. During the awards ceremony, she actively participated in a panel discussion focused on sustainable business practices, emphasizing their crucial role in the long-term success of SMEs. Moderating a session titled “Building Resilient and Sustainable SMEs: Strategies for Long-Term Growth and Global Competitiveness,” Arobieke advocated for adaptability, digital adoption, and strategic planning as essential tools for navigating the rapidly evolving business environment. She highlighted the importance of microinsurance and risk management in mitigating unforeseen challenges, underscoring the significance of a robust and supportive ecosystem for SMEs.
Paragraph 4: Empowering SMEs through Technology, Access to Finance, and Strategic Communication
Arobieke’s insights emphasized the transformative power of digital infrastructure and e-commerce in enabling SMEs to scale efficiently, access broader markets, and maintain agility in the face of disruptions. She stressed the vital role of governments in creating a conducive business environment through enabling policies, improved access to finance, and the development of critical infrastructure. Furthermore, Arobieke underscored the importance of strategic communication and business media in equipping entrepreneurs with market intelligence and policy insights, enabling them to make informed decisions and thrive in a competitive landscape. Access to affordable capital, risk mitigation tools, and expert advisory services provided by SME finance and development banking institutions were highlighted as crucial pillars of support for small businesses.
Paragraph 5: Ogun State’s Continued Commitment to SME Development
Reaffirming Ogun State’s unwavering commitment to the growth and prosperity of SMEs, Arobieke emphasized the ongoing implementation of initiatives designed to improve access to funding, promote digital adoption, and bolster enterprise development. These initiatives align seamlessly with Governor Abiodun’s vision for inclusive and sustainable economic growth, further solidifying Ogun State’s reputation as a champion of entrepreneurship. By fostering a supportive environment for SMEs, the state is laying the groundwork for a vibrant and resilient economy driven by innovation and entrepreneurial spirit.
Paragraph 6: The Importance of Supporting Nano Enterprises and Microinsurance
Dr. Femi Egbesola, President of ASBON, highlighted the significant contribution of small businesses to the Nigerian economy, emphasizing the need for greater governmental focus on nano enterprises—the smallest segment of the SME sector. He advocated for targeted identification, recognition, and support for these ultra-small businesses, recognizing their potential for driving economic growth and job creation. Dr. Egbesola also highlighted the importance of microinsurance as a critical tool for safeguarding the sustainability of nano and small enterprises, particularly in navigating economic uncertainties. He expressed his appreciation for the continued support provided by both public and private sector stakeholders in fostering the growth and resilience of Nigeria’s small business community.
