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Bank of Industry and Stakeholders Partner on SME Development In Nigeria

Bank of Industry and Stakeholders Partner on Small Medium Enterprises (SME) Development In Nigeria.

P&G, a consumer goods company in Nigeria, has said it is partnering with the Federal Ministry of Industry, Trade and Investment, and the Bank of Industry on small and medium-scale entrepreneurs development.

It said in a statement on Monday that it would partner to launch the 2021 P&G – BoI SME Academy, as part of efforts to enhance the capabilities of SMEs in Nigeria.

It stated that the academy, which aimed to upskill hundreds of SMEs in Nigeria, would feature a webinar in February and an eight-module business training.

According to the statement, the Vice President of Nigeria, Prof. Yemi Osinbajo, would deliver the keynote address at the programme.

Speaking on the partnership, P&G Managing Director for Nigeria, Mr Adil Farhat, said, “P&G is delighted to collaborate with the Federal Ministry of Industry, Trade & Investment and the Bank of Industry to develop the capacity of SMEs and aid their integration into the global value chain.

“We are honoured to support the government’s plan to create more jobs through SMEs and ensure that small scale businesses have the right skills set to grow, sustain their operations and contribute to the growth of Nigeria’s economy.”

According to the statement, the Minister for Industry, Trade and Investment, Otunba Adeniyi Adebayo said, “In line with the National Economic Sustainability Plan of the government, it is important that skill acquisition forms the basis of SMEs operation as they contribute immensely to the economy of the country.

“As a result, we will support their growth by upskilling and creating an enabling environment which allows them to thrive.

“The partnership with P&G is timely and we are glad that this public private partnership will support the government’s plan to train SMEs and create more jobs.”

The Managing Director/Chief Executive Officer, Bank of Industry, Mr Olukayode Pitan, said, “BoI is committed to impacting SMEs in Nigeria and we believe that this collaboration will drive growth in the nation’s economy.

“The SME academy is focused on finding a sustainable solution to unlocking the efficient performance of these enterprises through advisory and skill development.”

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