In a strategic move aimed at revolutionizing Nigeria’s small business sector, nairaCompare, the nation’s leading digital financial marketplace, has joined forces with the Association of Small Businesses of Nigeria (ASBON) to provide unparalleled support to entrepreneurs across the country.
Through this groundbreaking partnership, ASBON’s extensive network of over 40,000 small business owners will gain access to nairaCompare’s innovative fintech solutions, paving the way for unprecedented growth and prosperity in Nigeria’s entrepreneurial ecosystem.
Achia Tor-Agbidye, Head of Growth and Customer Experience at Suretree Connect, expressed enthusiasm for the collaboration, stating, “We are thrilled to partner with ASBON in our shared mission of driving financial inclusion and economic empowerment for Nigeria’s small business community. This alliance underscores our commitment to providing seamless access to financial tools and resources, unlocking limitless opportunities for entrepreneurs nationwide.”
Dr. Femi Egbesola, National Chairman of ASBON, echoed this sentiment, emphasizing the alignment between the partnership’s objectives and ASBON’s mission. “Our collaboration with nairaCompare aligns perfectly with our goal of empowering members with the resources needed to succeed in business,” he said. “By leveraging nairaCompare’s expertise and solutions, we can equip our members with the financial literacy and access to products necessary to thrive in today’s dynamic business landscape.”
Access to finance remains a significant challenge for ASBON members, with many facing obstacles in securing funding from traditional financial institutions. Dr. Femi highlighted this issue, stating, “Most financial institutions are hesitant to support micro and small businesses, citing concerns over collateral and repayment risk. Through our partnership with nairaCompare, we aim to overcome these barriers and provide our members with accessible financing options tailored to their unique needs.”
ASBON, known for its advocacy and support for Nigeria’s MSMEs, has a track record of driving positive change in the small business sector. The association’s efforts have led to policy reforms, tax exemptions, and discounts for members at critical government agencies, easing the burden on small businesses and fostering a conducive environment for growth and development.
The partnership between nairaCompare and ASBON represents a significant milestone in Nigeria’s financial landscape, promising to empower entrepreneurs, drive innovation, and spur economic growth. Leveraging nairaCompare’s platform, ASBON members will gain insights into funding opportunities, enabling them to make informed decisions for their businesses’ success and sustainability.
“Small businesses are the backbone of Nigeria’s economy,” Achia emphasized. “By supporting these enterprises, we are not only driving economic growth but also creating opportunities for individuals to improve their livelihoods and pursue their entrepreneurial dreams. Together with ASBON, we can unleash the full potential of Nigeria’s small business community, driving innovation, job creation, and economic prosperity for all.”
As nairaCompare and ASBON embark on this transformative journey, both organizations remain committed to driving positive change and creating a better future for Nigeria’s small business sector. Through their partnership, they aim to empower entrepreneurs, fuel innovation, and contribute to the nation’s overall economic prosperity, shaping a brighter and more inclusive tomorrow for all Nigerians.
