Formal SMEs number 40 million in Nigeria, contribute 84% of total employment, 45% of GDP but just 8% of exports and tax collections by the Federal Inland Revenue Service (FIRS) according to a recent joint report by the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) and the National Bureau of Statistics (NBS).
However, the process of obtaining such loans is stringent and the requirements are herculean, but, not with VULTe.
Shehu Abdulkadir, Managing Director, Abuja Enterprise Agency, said this at the Grand Finale of the 2022 Ugwumba Enterprise Challenge in Abuja.
National Chairman, ACPN, Pharm. Adewale Oladigbolu gave this commendation at the closing ceremony of the just-concluded 41st Annual ACPN National Conference held in Lagos.
A press release by the Bank Friday indicated that the event is organized in partnership with Nigeria’s foremost event management company, EVENTFUL Limited.
This was disclosed by Demola Igbalajobi, Managing Director of SystemSpecs Technology, a SystemSpecs subsidiary.
Google has also partnered with Coursera, a well-known open online course provider, to develop an online career certificate course in digital marketing and e-commerce for small and medium-sized enterprises (SMEs), and is offering 1000 scholarships to Africans who wish to attend. The certificate course is the latest in a series of initiatives aimed at preparing participants for entry-level jobs.
Vice President, Prof. Yemi Osinbajo, disclosed Tuesday in Abuja, a two-day National Conference on Non-oil Export organised by the Nigerian Export Promotion Council (NEPC).
The online account opening platform is a paperless and seamless digital process which allows customers to register their business account within five minutes without visiting a branch. And it is available for anyone above 18 years across Nigeria and the Diaspora.
Perhaps, there is no indicator that lays this bare as effectively as the GDP per capita of the country. According to the latest figures released by the International Monetary Fund (IMF), Nigeria’s nominal GDP per capita – which measures the economic output of each individual in the country – hovers around $2,273.
Bolt Business offers fast, convenient, and affordable business rides. Since its launch in 2019, the platform has recorded significant traction from top corporate offices and other private businesses in Nigeria. With this service, corporate offices and businesses can manage and pay for corporate trips via a single and easy-to-use portal. The business management can manage how team members commute for business trips.
The Executive Secretary, Lagos State Employment Trust Fund, Teju Abisoye, announced this in a statement issued Wednesday, saying that the training would help the participants to thrive in their businesses.
The top financial institution delivered its digitization projection in a recent article monitored in the media. First, it identified trade financing as critical financial issue as it has the capacity to deliver higher impact in Africa in particular. The bank advocates for increased value proposition around trade financing and likened it to the oil that greases supply chains and ensures that buyers are sellers fulfil their obligations.
The event themed ‘Leveraging Exports for Business Growth: Strategy and Resources for Small Businesses will have key industry experts in banking, international trade and finance and business ethics as panelists. This is the fourth edition of the webinar.
Ade Ayeyemi, Chief Executive Officer, Ecobank Group, said: “At Ecobank we are fully committed to providing a range of initiatives that support the growth and success of Africa’s Small and Medium-sized Enterprises and create employment opportunities. This informed the credit facility that we have just secured from the EIB which we believe will deliver real impact in our joint mission to develop SMEs across Africa. The €100 million facility will support the recovery of African SMEs from the COVID-19 pandemic while also helping to provide them with the impetus to grasp the immense growth opportunities from the African Continental Free Trade Area vast single market. We thank the EIB for its focus and commitment to the continent.”
He disclosed this at the Abuja Enterprise Agency Entrepreneurial Complex, where he delivered a keynote address titled; ‘Leveraging on Technology and Innovation for Enterprise Productivity’ at the 8th edition of Business 360 Clinics by the Abuja Enterprise Agency (AEA).
This was disclosed by the Chief Executive Officer of the bank, Tony Okpanachi, at the second DBN annual virtual lecture series themed: ‘Resilient Innovation: MSMEs’ adaptability in Uncertain Times,”
The occupant of that office is the immediate recipient of blame for an economy gone wrong; and with the current economic challenges, the seat must be hot enough to leave traces on her.
Osita Nwanisobi, Acting Director, Corporate Communications Department, CBN, made the call at a one-day interactive and enlightenment session with Organised Labour and Civil Society in the South on Saturday in Lagos.
Alhaji Adamu Fanini, Secretary to Jigawa State Government (SSG), made this known in a statement in Dutse on Wednesday.