Home Infotech CWG seals deal with SMEDAN on technology for SMEs

CWG seals deal with SMEDAN on technology for SMEs

New lease of life is on the way for operators of Micro Small and Medium Enterprises (MSMEs) in Nigeria as the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has signed a Memorandum of Understanding with the Computer Warehouse Group CWG Plc.
The objective of the MOU is to provide an ICT technology platform for the use of MSMEs at very little cost; this would also avail them the services of an Enterprises Resource Planning (ERP) platform called Small & Medium Enterprise Resource Planning (SMERP).
This platform will allow the MSMEs to manage their business operations and provides functionalities such as accounting management, inventory management, sales and order tracking. The MOU’s Second objective is to provide an e-commerce platform that enables MSMEs to sell their goods and services online by creating a virtual store for each SME on the internet.
In his remark at the signing ceremony, the Director-General of SMEDAN Alhaji Bature Umar Masari listed the challenges affecting MSMEs to include access to finance and markets and lack of technology.
He said the signing of the MoU between SMEDAN and the Computer Warehouse Group will effectively ameliorate these challenges.
Masari noted that the challenges facing the country today would be a thing of the past if the potentials of the MSME sub sector of the economy is fully realised. He said the development of the MSME sector is key to poverty alleviation adding that the collaboration with CWG Plc is crucial to the development of MSMEs in the country.
Responding the Founder/Chief Executive Officer, Computer Warehouse Group (CWG) and Entrepreneur in resident at Columbia Business School (CBS) Mr. Austin Okere said the SMEDAN/CWG collaboration would boost the development of MSMEs in the country. He said the latest World Bank Doing Business Report indicated that Nigeria had moved five 5 places up, adding this is well above the average improvement of two positions by the MINT countries comprising of Mexico, Indonesia, Nigeria and Turkey. Okere added that the starting a business and getting credit pillars saw the most significant changes moving up nine and 73 places respectively, a situation he said was significantly aided by the contribution of SMEDAN.

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