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Technology platform targets 3m MSMEs for growth, profitability

By Adeyemi Adepetun
03 December 2020   |   4:08 am
In recognition of the immense importance of the Micro, Small and Medium Enterprises (MSMEs) to economic growth, Excite Enterprise, a fully digital Business Development, and Enterprise solutions provider, is hoping to help about three million small businesses scale up.

Micro, Small and Medium Enterprises (MSMEs)

In recognition of the immense importance of the Micro, Small and Medium Enterprises (MSMEs) to economic growth, Excite Enterprise, a fully digital Business Development, and Enterprise solutions provider, is hoping to help about three million small businesses scale up.
  
Excite Enterprise is designed to facilitate solutions to the many problems faced by SMEs in terms of low productivity, inability to access funds, legal difficulties involved in business registration and reaching the right customers through influencer marketing.
  
According to a Director at Excite Enterprise, Bolaji Okusaga, SMEs have faced a lot of problems in Nigeria especially in the area of funding and other logistics because the government cannot reach out to all of them, hence the urgent need for Excite Enterprise to lead the way to the development of the country’s economy through the proliferation of viable SMEs.
 

 
Okusaga, who is the CEO of Precise Platforms, noted that about 20 million small businesses are registered with the Corporate Affairs Commission (CAC), said Excite will deliver on its promise to revamp the MSME sector through its partnership with organisations across countries that are willing to support entrepreneurs in the country.
  
Excite Enterprise, he explained, provides innovative services to develop and deepen markets for MSMEs, thus providing entrepreneurs across the business space an opportunity to reach consumers; boost brand names, sales as well as competitiveness and improve services. These businesses will not only be able to access funding to scale up but they will also have entry to a bigger market.
  
A director at Excise Enterprise and CEO of Mobinet, Hong Kong, Andrew Otiko, asserted that the platform’s sole aim is to make life easy for SMEs through technology usage as he is of the firm belief that if the sector is well organised, there will be massive employment in the country.
 
He said, “Excite platform has the sole aim of using technology to make life easy for SMEs. It will also facilitate funding from some of our partners that are involved in providing grants and also facilitate other services that will mitigate challenges faced by MSME.
 
“The only way the economy can grow is by providing jobs to the citizenry which can only happen if we change the narrative for SMEs, if processes are in a place where things are simple, there will be massive employment opportunities for everyone if each SME can sustain its growth and recruit just one person.’”

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