The Presidential Enabling Business Environment Council (PEBEC) has commenced the fourth 60-day National Action Plan (NAP 4.0) on Ease of Doing Business (EoDB), in furtherance of the federal government’s reforms plan aimed at improving the enabling environment for doing business in Nigeria through systemic interventions.

We are in the third edition of the discussions in this series on financial management for small businesses. Last week we focused on the issue of setting up a business bank account. Today we advance to creating and maintaining a business budget.

Promasidor Nigeria Limited has provided succour to more than 60 parents of children living with disabilities through its low-interest microcredit scheme christened, We Too Can Grow, in advancement of its corporate social responsibility (CSR) policy.

The GDP of Lagos State estimated at N91bn places Lagos as Africa’s 5th largest economy and the seventh fastest growing city in the world. Lagos plays host to 65 percent of Nigeria’s businesses having over 2,000 manufacturing companies, 200 financial institutions and the largest collection of SMEs in Africa. This places Lagos at a prime position in the Nigerian and indeed the African economy.

Some insurance firms have been flouting the Nigerian Insurance Industry Database, NIID, data upload requirement thereby exposing   vehicle owners to harassment from officials of Vehicle Inspection Service, VIS, in Lagos.