SMEDAN and BoI Partner with ICLED Business School to Host MSME Business Summit

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The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) and the Bank of Industry (BoI) have joined forces with the Innovation Centre for Leadership and Entrepreneurship Development (ICLED) Business School, Lekki, Lagos, to present the upcoming Micro and Small and Medium Enterprises (MSME) Business Summit. This event aims to rejuvenate the economy and expedite the nation’s economic progress.

Themed ‘Renewing MSMEs in Nigeria: Navigating Disruption and Embracing Change in the New Digital World,’ the summit is scheduled to take place from September 27 to 28 at the Radisson Blu Hotel, Victoria Island, Lagos State.

Key stakeholders, including the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA), the Nigerian Association of Small and Medium Enterprises (NASME), the Nigerian Association of Small Scale Industrialists, and others, will be in attendance. The event will be inaugurated by Governor Babajide Sanwo-Olu, with the presence of the Minister of Trade and Industry, as well as Commissioners for Commerce.

Prof. Olajumoke Familoni, Founder of ICLED Business School, explained that the summit’s primary objective is to devise a deliberate strategy to support the growth of MSMEs in the digital age, particularly in the wake of the COVID-19 pandemic. This strategic move is anticipated to contribute significantly to the nation’s economic advancement.

Familoni highlighted the establishment of SMEDAN with the mandate to develop and promote MSMEs in Nigeria. While acknowledging its potential, he emphasized that certain factors have hindered the realization of its full benefits. The summit will serve as a platform to address these challenges and pave the way for a brighter future for entrepreneurs, business managers, and SMEs alike.


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