Politics
What a Harris Presidency Could Mean for Small-Business Owners
Vice President and Democratic presidential nominee Kamala Harris recently unveiled her economic plan. While there are few specific details regarding small-business owners, her past stance on the issue might provide a glimpse into what she intends to do to help them if she wins.
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On August 14, Harris said in a statement that small businesses are “the backbone of our communities.”
“They strengthen the middle class by creating jobs, advancing opportunity, and establishing pathways for Americans to build intergenerational wealth,” she said in the statement posted on the White House website.
In turn, she also announced that day that a record 19 million new small business applications had been filed under the Biden-Harris administration.
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She Will Continue to Support Minority-Owned Small Businesses
Under the current administration, the Small Business Administration (SBA) “has backed $35 billion in loans to over 68,000 minority-owned small businesses, an increase of more than 13% compared to the entirety of the prior administration,” according to a White House Fact sheet.
In turn, Rohit Arora, CEO of Biz2Credit, said that Harris has focused on expanding access to capital to people who have traditionally been excluded from economic prosperity — something she might continue doing if she wins.
“The agency has tripled SBA lending to Black-owned businesses and doubled small-dollar lending and lending to Latino and women-owned small businesses,” said Arora. “There is no reason to believe that policy would veer away from this path in a Harris-Walz administration if they win in November.”
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Continue Funding for Underbanked Small Businesses
During her time in the Senate and as part of the current administration, Vice President Harris led efforts to invest billions in community development financial institutions (CDFIs), which are mission-driven lenders that specialize in delivering capital to underbanked small businesses, explained Carolina Martinez, CEO of CAMEO Network, California’s statewide micro-business network.
“Those of us in the small business advocacy community expect she will continue this commitment, and we are excited to see how these investments support and sustain the current small business boom,” she added.
While Well-Intentioned, Her Policies Might Hurt Small Businesses
Dave Hebert, economist at the American Institute for Economic Research, argued that while Harris’ previous policy proposals “sound lovely,” unfortunately they would be difficult for small businesses to absorb.
For example, she has advocated for increasing the mandated amount of paid family and medical leave from six weeks to six months.
“While this sounds great, both for mothers and fathers who typically must return to work shortly after the birth of a child, it would be an economic nightmare,” he said. “Someone has to pay for the paid leave and increasing the cost of labor for a small business that is already struggling to stay in the black would force many to close.”
In that same vein, Harris has supported raising the federal minimum wage to $15 an hour.
And according to Arora, this policy would disproportionately hurt businesses that are struggling to pay higher wages during inflationary times.
Finally, Arora added that Harris supports stronger environmental and labor regulations, which hinder small businesses and increase their cost structures.
Widening the “Huge Disconnect”
Meanwhile, other experts are less enthusiastic about what a Harris win could mean for small businesses. For instance, Joe Camberato, CEO of National Business Capital, said that he’s not optimistic about the future for small businesses if Harris wins.
“Right now, small businesses aren’t in growth mode because the economy itself isn’t growing,” he said, adding that small business owners are hesitant to make decisions because they’re worried about what’s coming next.
According to him, there’s “a huge disconnect” between what’s happening on Wall Street and what’s really going on Main Street.
“Small businesses are just getting by, and it wouldn’t take much — a small setback could be enough — to push them out of business,” he said. “We’ve already seen bankruptcy filings double in the last two years, but that’s not getting the attention it deserves.”
Editor’s note on election coverage: GOBankingRates is nonpartisan and strives to cover all aspects of the economy objectively and present balanced reports on politically focused finance stories. For more coverage on this topic, please check out Millennial Entrepreneurs: 4 Financial Policies We Want Under a Trump Administration.
Politics
Ndigbo are no longer spectators in the Nigerian project- Minister Dave Umahi dismisses calls for Biafra under Tinubu’s administration
The Minister of Works, David Umahi, says the all-inclusive style of governance being practiced by President Bola Tinubu has made the agitation for Biafra an unnecessary clamour.
While speaking at the inspection of the Enugu-Anambra road last Saturday, December 13, Umahi said the Tinubu administration had given Ndigbo what they had sought for decades, not through secession, but through what he described as unprecedented inclusion in national governance and development.
He explained that the agitation for Biafra was historically driven by neglect, exclusion and underrepresentation at the federal level, but insisted that the situation had changed under the current administration.
“When a people are fully integrated, respected and empowered within the structure of the nation, the dream they once chased through agitation has already been achieved through cooperation.
The push for Biafran secession over the years was borne out of neglect, exclusion and underrepresentation but today the narrative has changed dramatically under President Bola Tinubu.
The President has deliberately opened the doors of national development to the South-East. Appointments, policy inputs and infrastructure priorities now reflect true federal balance.
Every sector now bears visible Igbo footprints. The emergence of Igbo sons and daughters in strategic positions is a testament to this inclusion.
Biafra was never about breaking Nigeria; it was about being counted in Nigeria. Through inclusion, equity and concrete development, Ndigbo are no longer spectators in the Nigerian project; they are co-authors of its future. When justice finds a people, agitation loses its voice.”he said
Politics
ADC Launches 90-Day Membership Drive, Fixes Dates For Congresses, National Convention
The African Democratic Congress (ADC) has announced a 90-day nationwide membership mobilisation, revalidation, and registration exercise as part of preparations for its internal party activities ahead of 2026.
The party also approved provisional dates for its congresses and the election of delegates at the polling unit, ward, and local government levels across the country.
In circulars issued by its national secretary, Rauf Aregbesola, the ADC said the congresses are expected to hold between January 20 and January 27, 2026.
The process, the party said, will lead to the emergence of delegates who will participate in its non-elective national convention scheduled for February 2026 in Abuja.
A statement by Bolaji Abdullahi, national publicity secretary of the party, said the decisions were reached at a meeting of the national working committee (NWC) held on November 27, 2025.
Abdullahi said the timetable and activities were approved in line with the resolutions of the NWC and in accordance with relevant provisions of the party’s constitution.
The ADC said further details on the membership exercise, congresses, and convention will be communicated to party members and stakeholders in due course.
Politics
INVESTIGATION: Why No Imo Governor Ever Controls Succession- The Untold Story
Imo State’s inability to sustain political succession from one elected governor to another is not accidental. It is the consequence of recurring structural failures rooted in elite conspiracy, federal power realignments, internal party implosions, zoning sensitivities, and the perennial arrogance of incumbency. From Achike Udenwa to Ikedi Ohakim and Rochas Okorocha, each administration fell victim to a combination of these forces, leaving behind a state where power is never inherited, only contested.
Achike Udenwa’s experience remains the most instructive example of how federal might and elite scheming can dismantle a governor’s succession plan. Governing between 1999 and 2007 under the PDP, Udenwa assumed that the party’s national dominance would guarantee internal cohesion in Imo. Instead, his tenure coincided with one of the most vicious intra-party wars the state has ever witnessed.
The Imo PDP split into two irreconcilable blocs. On one side was Udenwa’s grassroots-driven Onongono Group, powered by loyalists such as Alex Obi and anchored on local structures. On the other was a formidable Abuja faction populated by heavyweight figures including Kema Chikwe, Ifeanyi Araraume, Hope Uzodimma, Tony Ezenna, and others with direct access to federal influence. This was not a clash of personalities alone; it was a struggle over who controlled the levers of power beyond Owerri.
The conflict worsened when Udenwa openly aligned with then Vice President Atiku Abubakar during his bitter feud with President Olusegun Obasanjo. That alignment proved politically fatal. Obasanjo, determined to weaken Atiku’s network nationwide, withdrew federal support from governors perceived as loyal to the vice president. In Imo, the effect was immediate and devastating.
Federal agencies, party organs, and influence channels tilted decisively toward the Kema Chikwe-led Abuja faction. Udenwa lost effective control of the PDP structure, security leverage, and strategic influence. His foot soldiers in the Onongono Group could mobilise locally, but they could not withstand a coordinated assault backed by the centre.
His preferred successor, Charles Ugwu, never gained political altitude. By the time succession became imminent, Udenwa was already a governor without power. Even his later recalculations failed to reverse the tide. The party had slipped beyond his grasp.
The eventual outcome was politically ironic. Ikedi Ohakim emerged governor, backed by forces aligned with the federal establishment, notably Maurice Iwu—his kinsman and then Chairman of the Independent National Electoral Commission (INEC). Another Udenwa ally, Martin Agbaso, briefly tasted victory, only for his election to be cancelled. The lesson was brutal and unmistakable: without federal alignment, succession in Imo is almost impossible.
Notably, Udenwa’s record in office did not rescue him. Infrastructure development, relative stability, and administrative competence counted for little in the face of elite conspiracy operating simultaneously at state and federal levels. In Imo politics, performance is secondary to power alignment.
Ikedi Ohakim’s tenure presents a different dimension of failure. Unlike Udenwa, he never reached the point of succession planning. His administration was consumed by political survival. From 2007 to 2011, Ohakim governed amid persistent hostility from elites and a rapidly deteriorating public image.
Ohakim has consistently maintained that his downfall was orchestrated. Central to his claim is the allegation that he was blackmailed with a scandal involving the alleged assault of a Catholic priest, Reverend Father Eustace Eke. In a deeply religious state like Imo, the allegation was politically lethal.
Whether the claims were factual or exaggerated mattered less than their impact. The narrative overwhelmed governance, drowned out policy achievements, and turned public opinion sharply against him. Political elites who had midwifed his emergence quickly distanced themselves, sensing vulnerability.
By the 2011 election, Ohakim stood isolated. Party loyalty evaporated, elite cover disappeared, and voter sympathy collapsed. His re-election bid failed decisively. With that loss, any discussion of succession became irrelevant. His experience reinforces a core principle: a governor rejected by the electorate cannot dictate continuity.

*Uzodimma*
Rochas Okorocha’s rise in 2011 appeared to signal a break from Imo’s succession curse. Charismatic, populist, and financially powerful, he commanded party structures and grassroots loyalty. By his second term, he seemed politically unassailable.
Yet Okorocha committed the most consequential succession error in the state’s history. By attempting to impose his son-in-law, Uche Nwosu, as successor, he crossed from political strategy into dynastic ambition. That decision detonated his massive support base in the State overnight.
Imo’s political elites revolted almost unanimously. Party affiliation became secondary to a shared determination to stop what was widely perceived as an attempt to privatise public office. The revolt was elite-driven, strategic, and ruthless.
The zoning factor compounded the crisis. Okorocha hailed from Orlu zone; so did Nwosu. For many Imo voters, the prospect of Orlu retaining power through familial succession was unacceptable. What might have been tolerated as ambition became framed as entitlement.
This time, elite resistance aligned with popular sentiment. The electorate queued behind alternatives not necessarily out of conviction, but out of rejection. Crucially, Emeka Ihedioha emerged governor because Okorocha fatally miscalculated—splitting his base, provoking elite rebellion, and underestimating voter resentment. Okorocha’s formidable structure collapsed under internal rebellion and voter backlash, sealing his failure to produce a successor.
Hope Uzodimma’s current position must be assessed against this turbulent history. At present, the structural indicators are in his favour. He enjoys firm federal backing, controls the APC machinery in the state, and commands the support—or at least the compliance—of most major political elites.
Unlike Udenwa, Uzodimma is aligned with the centre. Unlike Ohakim, he has survived electoral tests. Unlike Okorocha, he has not openly flirted with dynastic politics. On the surface, the succession equation appears favorable.

*Udenwa*
However, Imo’s history cautions against certainty. Elite loyalty in the state is conditional and transactional. It endures only where interests are balanced, ambitions managed, and inclusion sustained. A wrong choice of successor could still provoke elite conspiracy, even if it emerges from within the ruling party.
The opposition remains weak and fragmented, with limited capacity to mobilize mass resistance. Yet voter apathy, now more pronounced than during the Udenwa and Okorocha eras, introduces a new risk. Disengaged electorates are unpredictable and often disruptive.

“Ohakim*
Ultimately, Uzodimma’s challenge is not opposition strength but elite psychology. Suppressed ambitions, if mishandled, can erupt. Succession in Imo has never been about coronation; it is about negotiation.

*Okorocha*
History is unforgiving to governors who confuse incumbency with ownership. Power in Imo is never transferred by decree. As 2027 approaches, the same forces that toppled past succession plans remain alive. Whether Uzodimma avoids their trap will depend not on power alone, but on restraint, balance, and political wisdom.
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