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The Small and Medium Enterprises Growth Company of Nigeria (SMEDAN) has mentioned it’s partnering with the Nigeria Postal Service (NIPOST) to convey down the price of logistics for SMEs within the nation.
The Director Basic of SMEDAN, Mr. Charles Odii, disclosed this by way of a put up on his X deal with after a gathering with the Postmaster Basic and CEO of NIPOST, Mrs. Tola Odeyemi.
In line with Odii, the price of logistics has been a significant problem for a lot of SMEs in Nigeria as the prices of products supply, in some circumstances, are greater than the prices of the products. He mentioned this knowledgeable the assembly with NIPOST to unravel the issue.
Whereas the small print of the collaboration and the way the SMEs will partake in it are but to be launched, the SMEDAN DG mentioned he would announce “the result of this partnership within the coming days, which can profit small companies.”
SMEs logistics problem
Emphasizing the necessity to convey down the price of supply for companies in Nigeria, the SMEDAN DG famous that the logistics downside has been affecting buying and selling volumes within the SME business.
“Our interactions with small companies throughout numerous platforms, together with city halls and cooperative conferences, have persistently recognized logistics as a significant bottleneck hindering commerce volumes and revenue.
“In some circumstances, the price of supply exceeds the worth of the products, discouraging shoppers and limiting the expansion potential of those companies.
“To sort out this problem, I met right this moment with Tola Odeyemi the Postmaster Basic and CEO of NIPOST, to debate how we will leverage the group’s intensive attain and infrastructure, together with in rural areas, to offer small companies with an reasonably priced, environment friendly, and dependable logistics resolution.
“Encouragingly, we share a standard understanding of the vital function logistics performs in driving inclusive financial development and prosperity, each as an employment generator and commerce enabler,” he mentioned.
Odii added that each events agreed to collaboratively deal with trust-related points and provide small companies nationwide a compelling resolution via a partnership that can broaden their gross sales attain, guarantee buyer satisfaction, and improve their income potential.
What it is best to know
In line with a 2017 examine by the Nationwide Bureau of Statistics, there have been 41.5 million MSMEs in Nigeria using virtually sixty million folks. These companies represent round 46.31% of GDP and about 96% of whole companies in Nigeria.
Nonetheless, the SMEDAN DG lately disclosed that about three million SMEs have been misplaced to a number of challenges together with flooding in the previous couple of years. He, nonetheless, mentioned the Company was engaged on completely different initiatives to drive sustainability within the Nigerian SME business.
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