Technology and philosophy

Wednesday, July 29, 2026

Mountain Communities' Livelihoods Collapse as Overharvesting Wears Down Himalayan Herbal Wealth

Bajhang, July 2 – Every day, a lengthy queue of women and children appears along the shores of the Bahuligad River in Chainpur, which serves as the administrative center of Bajhang. The group extends almost one and a half kilometers starting from the suspended bridge close to Khulamanch (an open-air theater) up to the cement bridge located at Chaud. They remain there for many hours, grinding rocks into sand amidst the intense summer sun.

One of them is 62-year-old Junkiri Bohara from Thakunnada in Ward 4 of Surma Rural Municipality. Weak and unwell, she can no longer lift a large hammer. Rather, she gathers tiny pebbles carried downstream by the river, transports them in a doko (a bamboo basket) using a cane for assistance, and carefully breaks them into gravel with a smaller hammer.

When I'm feeling well for a few months, I can gather enough gravel to load two truck trailers. But if I get sick, even loading one becomes hard," explained Junkiri, wiping the sweat from her forehead. "I don’t have a choice—I must keep working just to stay alive. At my age, I never thought I’d be making a living by crushing rocks.

A truckload of stones costs approximately Rs4,500 in Chainpur. Her earnings are just sufficient for Junkiri to afford renting a tiny room close to the river and manage her everyday needs.

Eight years ago, her lifestyle was completely different. She resided with her spouse, three children, their spouses, and grandkids. Their agricultural land yielded sufficient food for merely two or three months yearly; however, the household managed all other necessities through gathering yarsagumba (Ophiocordyceps sinensis) along with various herbal remedies from elevated regions. Collectively, they generated an annual income ranging from 1 million rupees to 1.2 million rupees during the three-month collection period, which provided adequate sustenance for the entire family and also allowed them to accumulate savings.

Their situation improved following her husband's diagnosis with a kidney illness. The family used up all their savings and took on significant loans for his medical care, yet he ultimately passed away. The debts stayed behind, along with the loss of the income that had previously supported them.

"If herbal remedies were as accessible now as they used to be, my sons might have been able to pay off the debts," said Junkiri. "These days, there's almost nothing left to gather. They didn’t have much choice but to go to India in search of employment. Now I’m all alone here." When sickness stops her from working, she relies on the monthly stipend given to unmarried women.

Many individuals who are chipping rocks near Bahuligad belong to the Surma Rural Municipality, and several have comparable experiences.

Not long ago, around ten years back, Surma was regarded as one of the more economically successful rural local units in Bajhang due to its abundant supply of medicinal plants. Earnings derived from yarsagumba, wild garlic (Allium ursinum), satuwa (Paris polyphylla), and various high-value herbs significantly improved living standards. Households purchased property in Chainpur, Dhangadhi, and Mahendranagar, constructed homes, and enrolled their kids into costly academic programs like engineering, nursing, and sciences at institutions located in cities such as Kathmandu, Pokhara, Butwal, and Dhangadhi.

"Previously, medicinal plants were plentiful, allowing people to make a good income," stated Jharana Bohara from Ward 4 of Surma. "Today, these plants have nearly vanished. We experience bad harvests, lack employment opportunities, and are left with no option but to accept any available job just to support our families." She mentioned that selling small stones now covers her rental costs and her children’s education fees.

Local residents mention that during the mid-2000s, individuals from the rural district nearly ceased traveling to India for employment opportunities due to the growth of the medicinal plant industry. This pattern has since changed.

Several kids had to drop out of school in the city and go back to the countryside since their families can’t cover the expenses anymore," mentioned Manisha Bohara, another local from Surma. "The medicinal plants aren't easily found like before, and there’s no alternative stable way to earn money.

The challenges go far beyond Surma. Areas including Saipal, Talkot, Masta, Chhabis Pathibhera, and Bungal rural municipalities, along with the northern parts of Jayaprithvi Municipality, where agriculture struggles due to the tough Himalayan landscape, have also experienced worsening living conditions as herbal cultivation has dropped.

Limited options available, numerous families have secured their houses and moved jointly to India for work opportunities.

Dharma Singh, who resides in Pimi village within Ward 1 of Jayaprithvi Municipality, is one of them. Six years ago, his family enjoyed a comfortable life. Each spring, Dharma gathered yarsagumba along with various medicinal plants from the high-altitude meadows of Saipal and Surma, making an annual income ranging from Rs300,000 to Rs500,000. His wife, Shanti, added to the household’s revenue by collecting herbs like satuwa and sugandhawal from surrounding woods. While their agricultural land provided enough food for just several months, the profits from these medicinal plants covered all their requirements.

Currently, their humble home remains closed and empty. The walls that were once smoothly coated with plaster have now dulled, vegetation spreads across the yard, and the family hasn't come back in six years.

In the early days, they made good money, but later faced losses for three or four years in a row since they couldn’t locate sufficient medicinal plants," said their neighbor Laldevi. "Every year, they spent several months in the mountains, took loans just to get by, and finally went to India to settle their obligations. They haven’t come back in six years.

The former ward chairman, Gagan Bahadur Singh, stated that Dharma's family is not an isolated case. Within the village, which consists of approximately 400 households, over 70 families who previously relied on medicinal plants have left their residences following the collapse of their customary means of livelihood.

The drop reflects an ongoing larger issue affecting the nation's mountainous regions. Decreased yields of yarsagumba, along with environmental changes, excessive collection, and insufficient oversight have gradually diminished the supply of valuable healing plants, weakening rural communities that had come to rely significantly on this temporary economic activity. In Bajhang, for many households, what used to be a route out of hardship has now turned into a narrative of decreasing chances, growing financial burdens, and moving away in pursuit of basic needs.

As yarsagumba disappeared, so too did the revenue

For many years, the sale of yarsagumba, commonly referred to as kira, served as the primary means of livelihood for Govinda Rokaya’s family of nine residing in Lokanda within Ward 4 of Talkot Rural Municipality. Their agricultural land yielded just sufficient sustenance for about two months, yet profits derived from this highly valued Himalayan mushroom supported their home life since the early 2000s. This revenue provided for basic necessities like food, clothes, kitchen supplies, and funded the children's schooling, with additional savings allowing the family to construct a new residence in their village.

Life maintained a regular pattern. Each year, the family spent three months gathering yarsagumba in the high-altitude meadows and used the remaining time for agricultural work. This schedule provided economic security for over 15 years. However, within the last five or six years, all of this has shifted.

Currently, the 45-year-old frequently transports large quantities of cement, iron bars, zinc plates, and pipes on his back for three or four days to isolated villages within the Saipal Rural Municipality. On different occasions, he goes to Nainital, Kharikhan, and Kedarnath in India looking for job opportunities.

When I got out of my work in India through the yarsagumba harvest, I felt relieved. But now, this very struggle has come back again," stated Govinda. He remembers gathering up to 500 to 600 units of yarsagumba each day during the years 2003 to 2008. "Whenever we discovered one, there were usually an additional 200 or 300 close by," he mentioned. "These days, once you find one, you must travel to the next hillside just to seek more. On some occasions, you keep searching till your hands and legs hurt, yet still go home without anything.

From 2007 to 2017, plentiful crops along with favorable selling prices sparked an economic upswing throughout rural Bajhang. This particular fungi, frequently referred to as "Himalayan gold," helped numerous households escape long-term hardship. However, this period of wealth was not enduring.

Another instance is Dhanya Bohara from Surma. Fifteen years back, his family of nineteen members had difficulty covering their basic expenses, with four out of his six children leaving school before finishing fifth grade due to financial constraints. However, when the yarsagumba business took off, the family's situation improved significantly. Through gathering yarsagumba, they constructed a cement house in their village, bought property in Chainpur, and within just a few years, generated up to Rs2.5 million.

Those times are over. In the last five or six years, the whole family has made just between Rs200,000 and Rs300,000 each year from yarsagumba. "We have more people to support now. The mushroom isn't as abundant anymore, and we don't have any alternative way to earn money," explained Dhanya.

Prices plunge as well

While there are no formal statistics indicating the precise amount of Bajhang's herbal medicine commerce, merchants believe the industry generated approximately Rs2 billion each year up to the financial year 2021-22. However, with decreased output, the trade has significantly shrunk, prompting numerous sellers to leave the sector completely.

Herbal merchant Basanta Khadka mentioned that only individuals with funds locked in initial payments are attempting to keep going. "Numerous traders who weren’t economically involved have already left. Just a small number of us remain hoping to get back the deposits we made to middlemen," he stated.

As per Khadka, merchants historically offered upfront payments to collectors prior to the harvest period. Previously, a collector who got an advance of Rs200,000 was able to gather herbs valued between Rs500,000 and Rs600,000. Currently, many find it difficult to gather items worth as little as Rs50,000 to Rs60,000. “If collectors fail to provide herbs matching the amount they were paid in advance, they end up in debt,” he mentioned. “Meanwhile, traders also face significant monetary setbacks.”

Dan Bahadur Surmeli, a seller of traditional herbs and head of the Bajhang Chamber of Commerce and Industry, believes that the local herbal business has dropped by approximately 70% when measured against levels from eight to ten years back.

Previously, I was trading herbs valued at approximately Rs250 million each year, with other merchants dealing in higher quantities," he stated. "Currently, my company only handles sales ranging from Rs10 million to Rs15 million per annum.

Information from the Forest Office in Bajhang indicates a significant decrease in yarsagumba output. Yearly exports, which peaked at up to 424 kilograms during 2008–2013, declined to only 136 kilograms by 2025–26. Gatherers face increased challenges since prices have also decreased along with the yield. According to Surmeli, yarsagumba was sold for as high as Rs3 million per kilogram in the area between 2009 and 2011, but last year it was valued below Rs800,000 per kilogram.

Numerous research findings highlight similar patterns. The International Union for Conservation of Nature (IUCN) noted a 30% reduction in yarsagumba numbers within the last 15 years and classified the organism as endangered. Upon the release of this evaluation on the IUCN Red List in 2021, Gregory Mueller, head of the IUCN Species Survival Commission's Fungi Conservation Committee, mentioned that overharvesting had led to the species being categorized as at risk.

Following yarsagumba, wild garlic has emerged as one of the top sources of revenue for people living in the mountains of Bajhang. It used to be sold for up to Rs40,000 per kg at the gathering site, but it has now grown harder to find.

About four or five years back, an individual was able to gather four or five kilograms in a single day," mentioned Bimala Bohara from Saipal Rural Municipality. "Today, it requires four or five days merely to collect one or two kilograms. Should this trend persist, we might soon face difficulty locating even a solitary plant.

The significant increase in the price of wild garlic led to overharvesting and premature collection, which sped up its decrease. As per records from the Division Forest Office, exports fell from 4,428 kilograms during the 2021-22 financial year to 1,800 kilograms in the previous year.

Several valuable herbs are experiencing comparable patterns. Satuwa, which was previously gathered in amounts exceeding 3,700 kilograms per year prior to harvesting limitations introduced due to excessive use, has almost vanished. According to Forest Office data, shipments dropped from 145 kilograms during the 2023–24 period to only 10 kilograms the subsequent year. The IUCN classifies this plant as endangered.

The production of various economically significant herbs, such as kutaki (Picrorhiza kurroa) and setakchini (Polygonatum verticillatum), has also seen a sharp decline. The export volume of kutaki has decreased from approximately 48,000 kg per year to only 4,500 kg, whereas setakchini exports have reduced from roughly 60,000 kg to 24,000 kg within the last decade.

Bajhang, a hilly region located within the Sudurpaschim Province, also sends out numerous other healing plants such as padamchal, bishjara, bojho, bhrigiraj, bhojpatra, sugandhawal, and resiny pine items, all used as unprocessed ingredients. The variety of herbal species being exported has decreased from approximately 40 types a ten years back to only 25 now. As per Dipesh Pakurel, an expert in traditional medicines working with the Asia Network for Sustainable Agriculture and Bioresources (ANSAB), medicinal herbs contribute about 40 percent to the yearly family earnings in several Himalayan villages. With decreasing output, households relying significantly on these commodities are encountering increasing financial difficulties.

Excessive harvesting, logging, and disposal worsen the herbal shortage

As noted by experienced collectors, the significant drop in the production of herbal medicines is mainly due to overharvesting done at inappropriate times and without proper selection.

Dil Bahadur Bohara from Surma remembers that a collector used to earn between Rs300,000 and Rs400,000 in one season just from wild garlic. Today, even those who do best can only manage around Rs15,000 to Rs20,000.

"Wild garlic and satuwa must be collected only after their seeds have fully developed and dropped to the ground near the end of June. However, individuals currently start excavating them as early as April. This practice has negatively impacted our own future. Had the plants been permitted to produce seeds initially, they could have replenished themselves. Rather than being left to multiply, they are pulled out from the soil prematurely," stated Dil Bahadur.

Collectors claim a comparable trend has severely impacted yarsagumba. A common local technique called "jhadu laune" entails removing vegetation and excavating the earth in pursuit of the fungal species. As they explain, this approach eliminates the subterranean larvae which eventually mature into yarsagumba.

When individuals eliminate all the grass coverage and excavate the soil, live larvae become visible," stated collector Jaya Bahadur Rokaya from ward 4 of Talkot Rural Municipality. "After the larvae emerge onto the surface, they are unable to mature into fungi.

Environmental researcher Uttam Babu Shrestha, who has extensively researched yarsagumba and herbs from the Himalayas, states that climate change has made matters worse.

Reduced and more unpredictable winter snowfall, along with increasing temperatures, has impacted the entire Himalayan environment," he stated. "Medicinal plants are naturally among the species facing these effects.

Collectors also point fingers at extensive deforestation occurring in regions where alpine herbs are cultivated. According to Devendra Dhami from Saipal, forests that previously blanketed whole hillside areas have nearly vanished within the last ten years. "Areas that used to be densely wooded are now practically empty. Yarsagumba flourished under bushes and trees, whereas herbs like satuwa can hardly endure without tree coverage," he mentioned.

A significant amount of firewood is harvested each season by gatherers and herders. According to a 2021 report from the International Centre for Integrated Mountain Development (ICIMOD), a typical group of six individuals consumes approximately 12 kilograms of firewood daily. As nearly 15,000 people visit the high-altitude pastures each year, overall firewood usage over the three-month gathering period becomes massive, contributing to deforestation and harming ecosystems home to plants like wild garlic, satuwa, atis, and various important medicinal herbs.

Seasonal grass fires have intensified the decrease. Rajendra Dhami, former chairman of Saipal Rural Municipality, stated that certain collectors intentionally burn grasslands to make yarsagumba more visible, whereas others start fires due to frustration following unproductive hunts. Discarded cigarette ends also lead to wildfires. "When a fire takes hold, it not only harms the yarsagumba environment but also wipes out all vegetation found in these high-altitude meadows," he mentioned.

The waste generated by numerous temporary gatherers has emerged as an additional major issue. Plastic wrappings, used garments, bottles, and various trash now pollute several alpine grasslands.

Medicinal plants do not thrive in areas with shattered glass, plastic, or other debris," stated Kalpana Bohara from Surma. "Even a small fragment of abandoned fabric can hinder the growth of yarsagumba.

A research project by ICIMOD carried out in Saipal revealed that over 40,000 quintals of debris have already gathered in collection zones, with the amount continuing to rise annually.

Dinesh Rokaya from Sahara Nepal, who worked together on the research, cautioned that should this pattern persist, besides yarsagumba, numerous medicinal plants found in the Himalayas might vanish from these grazing areas within just a few years.

Intensive seasonal lamb grazing is also thought to play a role in the decrease. Over 25,000 sheep from Bajhang and nearby areas feed in highland pastures during spring and summer, with temporary shelters staying up for long durations.

Botanical conservation specialist Reshu Basyal stated that the current situation can't be addressed merely by pointing fingers at buyers or dealers. "A significant number of those who collect plants lack knowledge about environmentally friendly gathering techniques," she mentioned. "The main focus needs to be on curbing unlawful picking, developing new sources of income, and encouraging responsible practices via education, rules, and teamwork."

Shambhu Tiwari, head of the Division Forest Office in Bajhang, stated that local administrations, revenue officials, forestry departments, and the private industry should collaborate to enhance preservation initiatives and guarantee the continued viability of the area's important medicinal plants.

Tuesday, July 28, 2026

Chukwueze Aims for Milan Comeback Under Amorim

AC Milan Wing player Samuel Chukwueze is expected to stay with the Italian team and compete for his position under new coach Ruben Amorim, according to PUNCH Sports Extra.

Chukwueze found himself at the center of discussions between Milan and Trabzonspor, yet the Nigerian player showed no interest in relocating, with the Rossoneri also turning down a €15 million offer from the Turkish team.

The forward has come back to Milan following a temporary stint at Fulham, as the Premier League club decided not to exercise the €26 million buy-out clause outlined in the contract.

While playing for Fulham, Chukwueze netted three goals and delivered four assists across 23 league matches, establishing a solid connection with Nigerian teammates Alex Iwobi and Calvin Bassey.

Even though he preferred staying in England, Fulham chose not to finalize the transfer, forcing the 26-year-old back to Milan, where he still has two more years left on his five-year deal signed when he moved from Villarreal in 2023 for €20 million.

As per Sempre Milan, Trabzonspor continue to show interest in acquiring the Super Eagles' winger even after their initial offer was turned down.

"Although there is a deadlock, the Turkish team continues to pursue Chukwueze, viewing him as one of their key targets for the upcoming season," the report stated.

Amorim needs to determine if he believes the player has a role going forward this season. It appears the Portuguese manager wants to put him through his paces on the field and monitor his performance closely during the pre-season training in July.

From the athlete's point of view, the core concept remains identical: Chukwueze aims to compete for a position, possibly playing a supporting role behind the forward.

Prior to his temporary transfer, Chukwueze found it difficult to secure a consistent starting position at Milan, even though he occasionally displayed his talent.

Although Amorim's intentions regarding the winger are still uncertain, a positive preseason might reignite his career at Milan, whereas a transfer elsewhere could offer him a new beginning as Nigeria prepares for its next set of international fixtures.

Supplied by SyndiGate Media Inc. ( Syndigate.info ).

CM Afridi Vows Support for Journalists with New Endowment Fund Launch

July 2 - In Pakistan, Khyber Pakhtunkhwa Chief Minister Muhammad Sohail Afridi declared several actions intended to reinforce media entities and enhance the well-being of reporters, such as backing for a fresh Peshawar Press Club structure and improved monetary aid schemes. This declaration occurred during a gathering with a group representing the Cabinet and Managing Committee of the Peshawar Press Club at the Chief Minister’s residence. The representatives recognized the province's latest efforts concerning journalist welfare and media progress. Throughout this discussion, the CM concurred in theory about laying the cornerstone for the upcoming Peshawar Press Club facility at an earlier opportunity and endorsed the suggestion to create an individual endowment fund dedicated to journalists within Peshawar. Speaking to the attendees, Muhammad Sohail Afridi emphasized that the administration remains devoted to encouraging open, accountable, and autonomous reporting while guaranteeing a safe and supportive setting for those involved in media work. He noted that the regional budget for 2026–27 has set aside Rupees one billion for zero-interest loans targeting active journalists, five hundred million rupees designated for designing and advancing media neighborhoods, and one hundred fifty million rupees reserved for constructing the new Press Club edifice. Additionally, the chief minister mentioned that three hundred million rupees have been assigned towards rehabilitating local press associations and one hundred million rupees meant for upgrading and expanding projects related to the communication industry. Furthermore, he revealed that the Khyber Pakhtunkhwa Journalists’ Wellbeing Trust Fund had risen from two hundred million to five hundred million rupees. He ordered that settlements of unpaid public advertising debts owed to mass communications groups must be tied up with settling salaries due to journalists along with fulfilling minimal pay requirements. The leader additionally requested officials make sure input from reporters is considered regarding the newly proposed Peshawar Valley Urban Area Media Zone initiative and encouraged arranging educational tours for members of the media profession. The head official of the Peshawar Press Club extended an invitation to the Chief Minister to come see the organization and officially start off the process of erecting their brand-new premises.

Diomande Joins Oliseh in World Cup Lore

Ivory Coast Young star Yan Diomande has made his mark on African soccer history during the 2026 FIFA World Cup, entering an elite group once led by Nigerian icon Sunday Oliseh, as he became just the second African male player to feature in four World Cup games before reaching adulthood.

A 19-year-old winger for RB Leipzig reached this achievement even as Ivory Coast faced a disappointing end to the competition, after Erling Haaland scored an incredible last-minute goal to secure Norway a 2-1 win in the Round of 32—marking the conclusion of the Elephants' most successful World Cup run in the elimination phase.

Another African player to achieve this milestone was Oliseh, who featured in all four games for the Super Eagles during the 1994 World Cup held in the U.S. At just 19 years old, he emerged as one of the standout youthful midfielders of the competition, as Nigeria marked their significant entry onto the international football scene.

Oliseh was an essential part of that legendary Super Eagles team, playing as a defensive midfielder and almost never skipping a single minute during the four games.

He recorded more than five tackles and nine ball possessions each match, passed with an accuracy exceeding 80 percent, and was instrumental in setting Nigeria's pace during a tournament that concluded with a penalty shootout loss against Italy in the Round of 16.

His appearances during the competition, which took place prior to his 20th year, introduced him to the global stage and set the groundwork for an accomplished professional journey throughout Europe.

After more than three decades, Diomande has become part of this elite group — although his departure was just as difficult for the African champions.

Côte d'Ivoire, entering the elimination rounds with high confidence following a strong performance in the group phase, held their own against Norway for much of their Round of 32 clash, ending the game with 14 shots compared to Norway's nine and earning 14 set pieces. Diomande, who impressed during the group stage with his bold ball control and composure well beyond his age, showed moments of brilliance throughout the match—such as a promising pass that led to one of Côte d'Ivoire's best chances in the first half—but Norway's solid defense restricted his influence.

Norway took the lead when Antonio Nusa scored, but Manchester United forward Amad Diallo shifted the momentum shortly afterward. Coming on as a substitute, he maneuvered past multiple defenders and netted an extraordinary equalizer that quickly became a contender for the best goal of the competition. This goal also placed Diallo among an elite group, becoming just the third African player to score twice as a sub in a single World Cup, following Cameroon's Roger Milla and Senegal's Pape Gueye.

Nevertheless, the festivities didn't last long. Just moments after Ivory Coast equalized, Haaland once more proved why he is considered among the most lethal strikers globally, reaching the far post to score from Patrick Berg's low pass and secure a 2-1 triumph. This outcome secured Norway's first World Cup knockout stage win since 1998 and set up a Round of 16 clash with Brazil.

Although the loss ended Ivory Coast's journey, Diomande's reputation has greatly improved through this experience. The young player scored 12 goals and provided nine assists in 33 Bundesliga matches with RB Leipzig during the previous season, aiding their qualification for the UEFA Champions League, and has drawn interest from some of Europe's top teams.

Supplied by SyndiGate Media Inc. ( Syndigate.info ).

Monday, July 27, 2026

PwC Nigeria Welcomes Four New Partners

PwC Nigeria has confirmed the addition of four new partners starting from 1 July 2026, as part of PwC Africa's selection of 20 new partners throughout the region.

The latest additions include Adesola Abiodun (Advisory Services), Oluwadamilola Dada (Assurance Services), Ugochi Ndebbio (Tax & Regulatory Services), and Emeka Chime (Tax & Regulatory Services).

As stated by PwC, their acceptance marks a critical time for organizations dealing with fast-paced technology changes, changing expectations from stakeholders, and moving regulations and economic conditions. The newly appointed partners offer the knowledge and guidance required to help businesses succeed in this ever-changing landscape.

The current year's partnership admissions further demonstrate PwC Africa's ongoing dedication to diversity and inclusion, as women make up 55 percent of the entire group.

Speaking about the appointments, Sam Abu, the Country Senior Partner at PwC Nigeria, stated: "I am pleased to welcome four additional partners into our firm in Nigeria. This appointment acknowledges many years of outstanding work and signifies their advancement to the top tier of the industry."

For many years, they have assisted our customers and contributed to shaping both our team members and the company itself. In today’s rapidly changing business environment, companies require reliable advisors who can guide them with assurance. The addition of these new partners offers valuable insights and guidance to enable clients to establish trust, transform their operations, and discover fresh avenues for expansion.

Abiodun works with PwC Nigeria's Deals Advisory division, leading the company's efforts in securing private capital through areas such as private credit, private equity, green finance, and both operational improvement and turnaround initiatives. Additionally, he assists with full-cycle merger and acquisition consulting services. His expertise includes guiding clients on direct investment financing, temporary financial support, corporate funding, short-term liquidity options, and mergers and acquisitions within various industries.

Having over 20 years of industry expertise, Abiodun has established and maintained connections with global, regional, and local financial organizations, such as development banks, state-owned investment funds, retirement funds, insurance entities, and various institutional backers. He has spearheaded financing deals surpassing $10 billion within different industries.

Before joining PwC, he was employed with Infrastructure Credit Guarantee Company Limited, where he oversaw strategic planning and implementation of new business initiatives, along with handling investor communications, building client partnerships, and promoting market growth. Additionally, he held a position at Vetiva Capital Management Limited, providing guidance to both government and corporate clients regarding fundraising through debt and equity instruments, project financing, merger and acquisition strategies, as well as asset disposals.

He earned a first-class qualification in accounting from the University of Lagos and obtained a master's degree in accounting and finance with high honors from Alliance Manchester Business School at the University of Manchester, United Kingdom. He is recognized as a Fellow of the Institute of Chartered Accountants of Nigeria.

As a collaborator, Abiodun will remain dedicated to assisting clients in obtaining funding, spearheading intricate deals throughout the transaction process, and identifying avenues for growth. Additionally, he will aid in broadening PwC’s Deals Advisory offerings within Nigeria and the Western market region.

Dada works alongside PwC Nigeria's Assurance team, providing services to prominent organizations within the energy, utilities, and resource industries both in Nigeria and globally. Her expertise spans audit and assurance, internal control systems, financial reporting, and risk management. Before becoming part of PwC Nigeria, she was employed at PwC USA, where she offered guidance to large utility and energy firms adhering to U.S. GAAP, SEC regulations, and the Sarbanes-Oxley Act. Over the course of her professional journey, she has taken on various leadership positions, such as acting as Chief of Staff to the head of PwC Africa's Assurance division.

Dada earned her MBA at the Imperial College Business School in London and is recognized as an Associate Chartered Accountant, a Certified Public Accountant (in Texas, United States), and possesses the ACCA Diploma in International Financial Reporting Standards. She has provided guidance to board members, senior management teams, regulatory bodies, and global companies regarding compliance, financial disclosure, control enhancement, and organizational development efforts.

Her fields of specialization encompass auditing and assurance, internal controls over financial reporting, risk management, Sarbanes-Oxley compliance, and financial reporting according to IFRS Accounting Standards as well as US GAAP. She is known for assisting organizations in improving their internal control frameworks, elevating the accuracy of financial reports, and fostering trust among stakeholders within intricate and heavily regulated sectors.

As a collaborator, Dada will concentrate on assisting clients in establishing confidence via top-notch quality assurance, robust internal control systems, and creative approaches to managing risks. Additionally, she will contribute to the ongoing expansion of PwC Nigeria's Assurance services within the Energy, Utilities, and Natural Resources sectors, emphasizing the advancement of tech-driven assurance methods and enhancing client interactions throughout the industry.

Ndebbio works with PwC Nigeria's Tax and Regulatory Services division as a collaborator and is the key person responsible for the company's Regulatory Business Solutions offering. Having dual qualifications in both law and accounting, she provides thorough regulatory and taxation compliance services to customers from various sectors including legal guidance, investigative reviews, health assessments, deal setup, and obtaining tax and financial benefits.

Ndebbio leads PwC Nigeria's conflict resolution division, advising clients at the Tax Appeal Tribunal, and promotes the company's policy advocacy initiatives, collaborating with customers to develop evidence-based analyses and interact with governmental bodies along with sector representatives to achieve practical outcomes.

In her role as General Counsel at PwC Nigeria, she offers comprehensive legal direction throughout all aspects of the company's business interactions, guiding the internal legal department to maintain robust legal compliance at each stage.

Ndebbio is affiliated with the Nigerian Bar Association, the Association of Chartered Certified Accountants UK, the Institute of Chartered Accountants of Nigeria, the Institute of Chartered Secretaries and Administrators of Nigeria, and the Chartered Institute of Taxation of Nigeria—a broad-based organization that enables her to provide cohesive, business-savvy guidance where legal, taxation, and regulatory matters converge.

As a collaborator, Ndebbio will remain at the forefront of the Regulatory Business Solutions initiative, act as General Counsel for PwC Nigeria, and offer expertise in intricate tax issues.

Chime works alongside PwC Nigeria's Tax and Regulatory Services team, bringing over 16 years of expertise in guiding both local and international companies on taxation, regulation, and business strategy. Since becoming part of PwC in 2010, Chime has provided guidance to clients spanning various sectors such as consumer goods, finance, energy, and technology.

He worked for three years at PwC in Houston, Texas, offering tax consulting to privately owned companies and acquiring substantial expertise in international taxation.

His fields of specialization encompass tax planning and guidance, global tax consultancy, tax investigation and merger & acquisition advice, corporate and indirect taxation consultation, company restructuring, and corporate compliance solutions within multiple industries. He has overseen many projects related to investment setup, assistance with transactions, tax inspections, and strategies for entering new markets.

Chime is a Fellow of the Association of Chartered Certified Accountants, a member of the Chartered Institute of Taxation of Nigeria, and has earned an Executive Certificate from the University of Southern California.

As a collaborator, he will remain committed to assisting both local and global companies with intricate tax and compliance issues, enabling entities to handle risks, adapt to changes, and seize expansion prospects confidently.

Supplied by SyndiGate Media Inc. ( Syndigate.info ).

Sunday, July 26, 2026

Why SME Growth Needs More Than Just Capital

For many years, conversations regarding small and medium enterprises in Nigeria have centered around access to financial resources. Although financing is still crucial, simply having capital will not propel the next phase of SME development. We must consider factors outside of just funding.

Business owners throughout Nigeria encounter significant expenses, evolving consumer demands, fast technological changes, and increased rivalry. Meanwhile, digital platforms, local commerce, and emerging innovations provide fresh avenues for expansion. Due to these obstacles and possibilities, establishing a more robust business environment has become increasingly crucial.

The central issue is no longer whether Nigerian small and medium enterprises can endure. Numerous ones have demonstrated their ability to manage challenging periods and shifts in the marketplace. Today, the true challenge lies in whether they can expand responsibly and stand up to competition in an increasingly interconnected global environment.

The main focus should be on developing more robust business environments that aid small and medium enterprises.

Throughout the globe, the most effective methods for supporting small and medium enterprises extend past simply providing financial loans. These approaches emphasize developing frameworks that link companies with infrastructure, technology, marketplaces, expertise, connections, and capital sources. Enterprises thrive not only due to access to funds but also because of the supportive ecosystems that enhance their efficiency and expansion. Nigeria ought to adopt and expand upon this approach.

The development of such an ecosystem for Nigerian small and medium enterprises involves four key focuses.

One of the major obstacles hindering business expansion in Nigeria remains infrastructure development. Access to consistent power supply, efficient transportation systems, and robust connectivity are crucial elements that companies require to remain competitive.

Many small and medium enterprises face high energy expenditures, which negatively impact their profitability and hinder expansion. This is why cost-effective and dependable energy has become essential for business operations, rather than merely a concern related to sustainability.

As an increasing number of private enterprises focus on renewable energy initiatives. For instance, our collaboration with the Rural Electrification Agency facilitates the establishment of microgrids, providing businesses and localities improved electricity availability. Utilizing cheaper diesel allows companies to operate more effectively, reduce costs, and achieve greater sustainability. Sustainable infrastructure goes beyond just energy supply. Enhanced transportation systems, broader internet connectivity, and robust digital links will determine which businesses can serve larger customer bases and participate in the digital market. These combined elements enhance business competitiveness.

The advancement of technology is transforming how companies operate, vie for market share, and achieve growth. Today, even a small enterprise located in Aba, Kano, or Lagos has the ability to offer goods throughout Nigeria and beyond through online platforms. However, numerous micro, small, and medium enterprises face challenges due to labor-intensive processes, fragmented financial systems, and restricted availability of digital resources. As a result, not all individuals have the means to benefit from these possibilities.

The top-performing small and medium enterprises of tomorrow will be those that leverage technology not only for managing operations, but also as a central element of their expansion strategies.

Digital transactions, e-commerce platforms, cloud-based business solutions, data analytics, and machine learning technologies are enabling companies to operate more effectively, gain deeper insights into customer behavior, and expand at an accelerated pace.

Due to these developments, banks must go beyond providing services — they ought to assist businesses in leveraging technology. For instance, FCMB Collect integrates payments, collection processes, and inventory control to enable businesses to operate more efficiently and monitor their finances more effectively. Through collaborations with various firms and commitment to robust digital infrastructure, we are enabling businesses to engage within the digital economy.

Possessing the correct abilities and understanding can hold equal significance to having sufficient financial resources.

Numerous small and medium enterprises possess promising business concepts and recognize potential market prospects, yet frequently face challenges due to insufficient managerial, financial, and technological expertise required for sustained expansion. In today's environment, competition hinges more than ever on how effectively entrepreneurs make informed decisions, leverage technology, and respond swiftly. This underscores the significance of possessing the correct skills, which is equally vital as having adequate capital.

Entrepreneurs must enhance their ability to handle finances, lead groups, sell products online, make choices based on data, get ready for international trade, and adopt emerging tools like artificial intelligence. Mastering these competencies can distinguish companies that remain limited in size from those that achieve sustainable growth.

This is why training initiatives remain essential for supporting the growth of small and medium enterprises. By offering seminars, advanced classes, and access to our Business Zone e-learning system, FCMB equips business owners with hands-on expertise to develop more robust and adaptable companies. With continuous advancements in technology and evolving market conditions, consistent education will offer significant benefits, increasing the importance of these programs.

Money remains highly significant, yet the method of its delivery is evolving.

Traditional methods of lending frequently exclude companies without official documentation or conventional assets. However, modern technologies like data analytics, online systems, and alternative approaches to assessing creditworthiness are enabling more enterprises to obtain financial support. This shift is enhancing the inclusivity of financial services.

Additionally, collaborating with development financial institutions and distributing risks is facilitating better access to cost-effective funding for companies operating in critical areas like farming, medical services, schooling, sustainable power, and ventures led by women.

The success of small and medium enterprise financing will rely not only on the amount of capital accessible, but also on the prudent manner in which it is utilized. Funding must align with the requirements of various industries, company phases, and operational structures. In this manner, financial support can create greater value.

The small and medium-sized enterprise segment in Nigeria remains among the nation's most significant contributors to the economy.

Its ability to generate employment, foster innovation, and promote development for all will determine the nation's destiny.

However, the subsequent phase of small and medium enterprise development will not focus on which entity offers the highest number of loans. Instead, it will center around establishing the most effective assistance network for business owners. This shift is currently underway.

Companies require entry into markets, technological resources, infrastructure, information, connections, and financial support, which must function collectively as an integrated system. When these elements combine, small and medium enterprises can not only endure challenging periods but also expand, introduce innovations, and rival global competitors. To put it simply, the environment should operate cohesively.

At FCMB, our history of collaborating with companies in various industries has strengthened our conviction that long-term development goes beyond just financial support. It involves providing businesses with chances to obtain information, innovation, customer bases, collaborations, and cost-effective strategies that enhance their ability to compete effectively.

The success of Nigeria's economic outlook hinges on our ability to support entrepreneurs efficiently. Reaching this objective demands a shared dedication to developing an environment where companies receive both financial backing and the tools necessary for expansion, creativity, and long-term impact. As small and medium enterprises thrive, local areas flourish, employment opportunities increase, and overall economic growth accelerates. Creating such a future should continue to be a top national focus.

George Ogbonnaya serves as the Senior Vice President and Head of the Business Banking Group at First City Monument Bank.

Supplied by SyndiGate Media Inc. ( Syndigate.info ).

Oborevwori Approves 13th Month Salary for Delta Workers

The head of security for Delta State, Sheriff Oborevwori, has declared that government workers in the region will receive an additional month’s salary as a bonus.

The leader made this statement on Tuesday at the Dinner and Awards Evening organized in Asaba as part of events celebrating the 2026 Public Service Week.

The declaration generated enthusiasm among government employees and additional attendees, who cheered the choice.

Oborevwori stated that the incentive was awarded as acknowledgment for the employees' dedication, efforts, and roles in advancing and promoting the state's progress.

He mentioned that the authorization is anticipated to enhance employees' well-being and raise spirits throughout the state government workforce.

By making this choice, Oborevwori marks history as the first leader of Delta State to grant a 13th-month salary incentive to government workers.

The event of Public Service Week was held to recognize public officials and emphasize their contribution to executing governmental plans and providing vital services to citizens.

Supplied by SyndiGate Media Inc. ( Syndigate.info ).