The Enterprise Development Centre (EDC) has joined forces with International Energy Insurance (IEI) to enhance support for small and medium enterprises (SMEs) in Nigeria through critical risk management and insurance knowledge. This strategic partnership is poised to bolster the sustainability and growth of SMEs by equipping them with essential tools and resources.
Key Components of the Partnership
Comprehensive Curriculum and Training:
– Development of a curriculum focused on risk management and insurance.
– Provision of specialized training and real-world case studies to SMEs.
Enhanced Learning Resources:
– IEI has sponsored the rebranding and upgrading of the EDC studio, transforming it into a hub for interactive learning and professional development.
– The studio will offer SMEs the necessary tools to effectively manage risks and secure their future.
Olawale Anifowoshe, Director of Programme and Partnership at EDC, Pan-Atlantic University:
– Highlighted the importance of the partnership in empowering SMEs with knowledge and tools for risk management.
– Recalled the impact of the ENDSARS protest on uninsured businesses, which underscored the need for comprehensive risk management education for SMEs.
Olasupo Sogelola, Managing Director/CEO of IEI:
– Emphasized the significance of supporting SMEs, noting that over 59.1 million Nigerians work in SMEs and more than 41 million SMEs and MSMEs have been registered.
– Mentioned that the partnership also includes Clear Pay Microfinance Bank, which will provide funding support to SMEs and MSMEs.
– Expressed excitement about the opportunity to mitigate risks for SMEs through dedicated insurance products and strategies.
The partnership between EDC and IEI represents a significant step towards fostering a robust support system for SMEs in Nigeria. By providing targeted risk management education and resources, the collaboration aims to enhance the resilience and growth potential of small businesses, ensuring they can navigate challenges and secure their future effectively.
