MoMo PSB in partnership with the
Nigerian Association of Small and Medium Enterprises (NASME) hosted a two-day
symposium and exhibition on empowering nano and small businesses in Lagos
State.
The event which was held on
November 17 and 18 2023 at the Landmark Center Lagos, hosted a myriad of SME
and trade Associations in Nigeria, including, the West African Association for
Cross-Border Trade, in Agroforestry-pastoral, Fisheries Products and Food
(WACTAF), Lagos State Council of
Tradesmen and Artisans (LASCOTA), Nigerian Association of Small Scale
Industrialists (NASSI), Coalition Network of Stakeholders in Agricultural
Mechanisation (CONESAM), Small and Medium Enterprise Development Agency of Nigeria
(SMEDAN), Royal Certification Limited and the Federal Ministry of Women
Affairs.
In her opening remark, Elsa
Muzzolini, Chief Commercial Officer, MoMo PSB, emphasised the significance of
collaboration in expediting SME growth in Nigeria. “At MoMo PSB, we believe in
co-creation and designing solutions that directly address the needs of our
customers. Our partnership with NASME on
the symposium and exhibition underscores our dedication to empowering nano and
small businesses across Nigeria with MoMo solutions for merchants and
customers.
MoMo for merchants started as a
simple USSD solution for transactions and has evolved to a merchant application
that caters to smartphone users, enabling transactions with or without internet
connectivity."
The event included training
sessions fostering knowledge sharing between experienced coaches and SMEs. The
topics covered a range of subjects such as finance management, compliance,
security, and controls tailored to SMEs, along with discussions on harnessing
digital tools for business expansion. Additionally, businesses from diverse
industries showcased their products, aiming to gain more visibility and boost
sales during the event.
“I am honoured to be part of this
collaborative effort between MTN MoMo and NASME, symbolising a commitment to
fostering growth, innovation, and connectivity within Small and Medium
Enterprises”, said, Solomon Aderoju, Vice President, South West, NASME, who
represented the president at the event.
He further spoke to the mutually
beneficial nature of the exhibition saying, ‘This initiative aligns with the
‘One Billion Naira Youth and Women Empowerment Fund’ in achieving the
Sustainable Development Goals for 2023. The overarching purpose of this event
is to introduce and familiarise the NASME community with the MTN MoMo wallet
and products, bridging the gap between innovative financial solutions and the
dynamic needs of the SMEs.”
The event provided a comprehensive
assessment, enabling the MoMo team to gain deeper insights into the specific
requirements of SMEs. This analytical approach is expected to aid the fintech
in addressing the needs of SMEs, ensuring a more seamless and tailored business
transaction experience through the MoMo PSB.
Furthermore, the event was
instrumental in introducing SMEs to the MoMo N40 Million Grant initiative. This
program is designed to incentivise active merchants who actively transact on
their MoMo wallet. The grant will encourage increased engagement and
participation among SMEs while fostering a mutually beneficial relationship
between MoMo PSB and its users. This strategic effort solidifies MoMo's
commitment to supporting and empowering SMEs within the business landscape.
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