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WHAT WE KNOW ABOUT THE NEW SMEDAN DG: CHARLES ODII

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Last week, President Bola Ahmed Tinubu approved the appointment of Charles Odii as the Director General of Small and Medium Enterprises Development Agency of Nigeria (SMEDAN).

SMEDAN was established to promote and facilitate the development of micro, small and medium enterprises (MSMEs) in Nigeria.

Who is Charles Odii
Charles Odii, 35, is a highly respected entrepreneur and advocate for small businesses. He describes himself as someone on a mission to empower entrepreneurs and startups in Africa to create jobs, drive economic growth, and build a better future for all.

He has over a decade’s experience in senior management roles in the technology and business development sectors. He has a proven track record of success in leading and growing teams, developing and executing strategies, and building partnerships.

Academic Background
In 2009, Charles Odii earned his Bachelor of Science degree in Management Information Systems from Covenant University. He then pursued Project Management Certification (Prince 2, Foundation and Practitioner) in 2011, at the same university.
He also has a Master’s Degree in Marketing and Communications and a PhD in Media and Communications from Pan Atlantic University in Lagos, Nigeria.

Work Experience

In his most recent role as Country Manager at Elephant Healthcare, United Kingdom (Sept 2021 – Sept 2023), he was responsible for overseeing all aspects of the company’s operations in Nigeria. Prior to that, he was the Senior Vice President, Marketing at Softcom (Sept 2020 – Sept 2021) and Executive Director at SME100Africa (July 2014 – Sep 2020).

He was the Chief Operating Officer at The Future Project (December 2013 – July 2014), Projects Team Lead, Bilateral Data & Communications (April 2012 – October 2013) and started out as Account Manager, Dimension Data (NTT Group) (December 2009 – April 2012)

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Small Business Initiatives
Mr. Odii has for over the past decade exuded a unrivalled passion for the development of small and medium businesses in Nigeria. It is in this spirt and enthusiasm that he has founded several initiatives to promote the cause of small and medium scale enterprises. Some of these initiatives include:
100talks (Radio/Tv/Magazine )- A media organization set up to tell the stories of young entrepreneurs impacting their communities
International women’s day summit – The summit is now in its 8th year, and it features a pitch competition and digital marketing training for women.

Nigeria’s Youth entrepreneurship leadership Program a.k.a 25 under 25. Now in its 8th year, every year, we go around Nigeria looking for young people under the age of 25 who are doing amazing things and contributing to socio- economic development in Nigeria.

The Nigeria Small Business Summit – a yearly event that brings together government, academia, SMEs, and the private sector to discuss the challenges and opportunities of doing business in Nigeria.
100ClubAfrica -A teenage entrepreneur club, teaching young Nigeria about the importance of starting early

Awards
Charles was listed as one of the top 100 innovative entrepreneurs in Nigeria, according to YTech 100. He has been selected for the United States Young African Leaders Initiative twice (2017, 2018), as both a leader and a mentor.

In 2019, he was named on the Forbes’ list of 30 under 30. He has also won the Future Awards Africa Prize in advocacy for his work promoting small businesses.

Fellowship

Charles Odii is a Fellow of the United States International Visitors Leadership Program (IVLP). He is also a founding member and the first Chair of the SME100Africa Global Youth Council. He is a member of the Advertising Practitioners Council of Nigeria, the Nigerian Institute of Management, and the Nigerian Small Business Council.

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He is also an advisor to the Lagos State Domestic and Sexual Violence Agency.

As the new Director General of SMEDAN, Mr. Odii is expected to use his skills and experience to help the agency achieve its mandate of promoting and facilitating the development of MSMEs in Nigeria.

He is expected to focus on the following areas: Improving access to finance and markets for MSMEs, providing training and support to MSMEs, advocating for policies and reforms that support MSMEs,
Overall, Mr. Odii is expected to play a key role in helping MSMEs in Nigeria to grow and succeed and create millions of jobs. He has the skills, experience, and passion to make a real difference.

Mr. Charles Odii’s experience as a social entrepreneur will be valuable in this new role. He is expected to bring a fresh perspective and innovative solutions to challenges of the SME community.

The SMEDAN DG resumed office on Monday 16th October 2023, he was received by the former DG, Dr. Tunde Fasanya.

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Tinubu approves N20bn take-off fund for NASRDA’s project

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The National Space Research and Development Agency (NASRDA) is set to commence the implementation of its space regulation and licensing mandate with N20 billion take-off fund approved by President Bola Tinubu.

The Director-General of NASRDA, Dr Matthew Adepoju, said this on Thursday in an interview with the News Agency of Nigeria (NAN) in Abuja.

Adepoju said the regulatory function of the agency as encapsulated in NASDRA Act (2010) had remained unfulfilled since its establishment in 1999.

He spoke against the background of NASRDA stakeholders’ workshop on space regulation scheduled for April 8.

He said on assumption of office he raised a memo to President Bola Tinubu on the need to enforce the regulatory functions of NASDRA.

According to him, this is in line with the provisions of Section 6 and 9 of the laws establishing it, adding that Tinubu eventually approved the take-off fund.

“When I raised that memo stating that our space can no longer be unregulated, Mr President graciously approved the take-off fund of N20 billion few months ago.

“This is to enable us to commence the space regulation and spectrum management in Nigeria.

“Although times and lots of activities happen that have security implications but if we don’t take charge of our space sector, it will continue to be misused,’’ Adepoju said.

Adepoju said the agency was yet to access the N20 billion, adding that release of funds was always subject to its availability.

“Within the framework of what is possible for us to do now, we’ve set up the platform and we are commencing our regulatory and licensing functions,” he told NAN.

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He explained that the space sector had three segments, the upstream, midstream and downstream.

“We have the upstream, which is deep space, the midstream, which is in between the space objects, such as satellites and the planet Earth.

“We have the downstream, which has to do with ground stations, activities and people who are utilising space products and services.
“In between these three sectors, there are activities that must be regulated otherwise Nigerians will be short-changed.

“People have to be licensed and issued guidelines, the spectrum within Nigeria has to be monitored and the agency has been granted this power since 2010 and this has lots of benefits,’’ he said.

Adepoju said the platform for the licensing was ready and open to both public and private sector operators in the space arena.

The licensing, he said, was available for people using and providing space products and services.

He emphasised the need for strict oversight of satellite image providers, geographic information system operators, satellite-based telecommunication and broadcasting services, among others.

He also said that if unregulated, geographical data intelligence could be exploited by non-state actors for illicit activities.

The Director-General further told NAN that the initiative would enhance national security, economic diversification and local content development.

He said it would also generate revenue from sub-sectors such as oil and gas, shipping and telecommunications relied on space products for their operations. (NAN)

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Myanmar earthquake: Rescue efforts ongoing amidst increasing fatalities

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The death toll from a 7.9-magnitude earthquake in Myanmar has risen to 3,085, with 4,715 people injured and 341 reported missing.

This is according to the Information Team of the State Administration Council on Thursday.

Chinese rescuers are continuing search and rescue operations in hard-hit Mandalay, central Myanmar, following the deadly earthquake last week, and have so far rescued nine survivors from the rubble.

On Thursday afternoon, the second batch of emergency humanitarian aid supplies dispatched by the Chinese government arrived in Myanmar.

The second batch of aid supplies include 800 tents, 2,000 blankets, 3,000 boxes of biscuits, 2,000 boxes of mineral water and other urgently needed supplies.

The first batch of emergency humanitarian aid supplies dispatched by the Chinese government for earthquake disaster relief arrived in Myanmar on March 31. (Xinhua/NAN)

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China threatens retaliation in response to new US tariffs

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Beijing on Thursday threatened countermeasures after U.S. President Donald Trump announced new tariffs on Chinese goods, further escalating trade tensions between the world’s two largest economies.

The U.S. has already imposed 20 per cent tariffs on Chinese imports, prompting retaliation from Beijing.

The latest round, which Trump had announced on Wednesday, adds a 34 per cent tariff hike, raising total duties on many Chinese products to over 50 per cent.

China’s Ministry of Commerce said that the tariffs violated international trade rules and were based on subjective and unilateral assessments by the U.S., calling them a typical act of bullying.

The ministry urged Washington to remove the measures and resolve disputes through dialogue, or it would take countermeasures to protect its rights and interests.

Trump on Wednesday announced new blanket tariffs of 10 per cent on most U.S. imports, with higher penalties based on trade deficits. (dpa/NAN)

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