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SMEs critical to catalysing economic growth, sustainable employment, say experts

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The Convener, Lagos SME Boot Camp, Ayo-Bankole Akintujoye has said Small and Medium Enterprises (SMEs) are capable of providing inclusive and sustainable economic growth to drive progress and generate more employment opportunities.

Speaking at the second season of the boot camp in Lagos, yesterday, he noted that small and medium businesses play critical role in revamping the nation’s economy and improving the Gross Domestic Product (GDP).

Actress Kate Henshaw spoke on the role of passion in entrepreneurship and also shared part of her career and business success story. She advised entrepreneurs to be diligent and punctual at functions. Tosin Olaseinde of Money Africa spoke on effective cashflow management techniques that SMEs can adopt for business sustainability. Brenda McWilson Okorogba @MomentswithBren also shared some effective and affordable tools for self and personal development available to SMEs

Akintujoye added that the establishment of the Lagos SME Bootcamp in 2018 as a non-profit initiative to support the achievement of the Sustainable Development Goal 8 with 12.

According to him, the Lagos SME Boot camp has established itself as the leading free youth-friendly non-profit event in Lagos and looking to expand to other parts of the country in 2020.

“In the past one year, it has helped and offered pro bono services to more than one hundred SME owners to get out there and embrace their dreams, whether that means helping them set-up their business accounting system or offering strategic advice in their market strategy plans.”

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