Trade Lenda Fair, Nigeria’s most important gathering for small and medium-sized enterprises (SMEs), is ecstatic to announce the presence of two highly regarded industry figures as guest speakers for the forthcoming event.
At the highly anticipated Trade Lenda Fair, former President Olusegun Obasanjo and the Deputy Governor of Kwara State, His Excellency, Mr Kayode Alabi, will share their ideas and areas of expertise with attendees.
The Trade Lenda Fair is going to take place on August 19 at the Landmark Event Centre in Lagos. Its primary goals are to empower and connect Small and Medium-sized Enterprises (SMEs), as well as to stimulate economic growth and innovation across Nigeria.
“We are humbled and privileged to have former President Olusegun Obasanjo and Deputy Governor Kayode as our esteemed guest speakers at the Trade Lenda Fair. Their participation highlights the significance of this event in driving economic development and empowering SMEs across Nigeria” stated Oyindamola Olaniyan, Acting COO at Trade Lenda.
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The Trade Lenda SME Fair will also feature presentations from industry professionals, thought leaders within the SME sector, and successful business owners.
A dynamic roster of fascinating speakers and panel sessions, masterclasses, a pitch competition, opportunities for networking, an expo exhibiting new products, and even an after party are all things that attendees can anticipate seeing at the event. In addition to this, customers are eligible to receive free products as well as exclusive discounts on other products.
There is still time to register for the Trade Lenda Fair 2023, and those interested are strongly encouraged to do so as soon as possible in order to get their FREE tickets.
Tickets can be purchased by visiting this link: https://tix.africa/discover/tradelenda.
Redcloud, Eazipay Providus Bank, and Paystack are delighted to be the event’s proud sponsors. The Trade Lenda SME Fair also receives assistance from Kwara State, LSETF, Lagos Business School, Money Africa, Changera, TechPoint, Tech Cabal, Tech Economy, and Tech Next!
About Trade Lenda
Trade Lenda is a leading digital bank in Nigeria that is committed to enhancing the competitiveness of small and medium-sized businesses (SMEs). Trade Lenda’s mission is to foster economic expansion, individual financial autonomy, and the development of a thriving ecosystem that is conducive to the success of small and medium-sized enterprises (SMEs) by offering a comprehensive suite of financial services, which includes loans, savings, and insurance.
Impact of SMEs on the economy of Nigeria
Small and medium-sized enterprises (SMEs) are vital to the economies of both Nigeria and the world. The employment rates of micro, small and medium-sized enterprises (MSMEs) greatly exceed those of major corporations. Because of the people they employ, SMEs are crucial to the health of our economy and society.
Innovative and competitive growth is often fueled by SMEs. Most small enterprises in Nigeria are run by their owners on their own. The importance of small and medium-sized enterprises (SMEs) to Nigeria’s economy was briefly covered here.
The distinction between micro, small, and medium-sized firms is not universally agreed upon. Up to 250 people work for MSMEs in Nigeria.
Small and medium-sized enterprise can be classified as follows:
- Organisations with 10 or fewer workers are considered micro businesses.
- Companies with 10 to 49 workers are considered small.
- Companies with 50-249 workers are considered medium-sized.
Small and medium-sized businesses (SMBs) are the backbone of most economies. This is especially true in developing countries like Nigeria. Mini and micro enterprises (MSMEs) are fast-moving, creative, resourceful, and nimble.
The economic benefits of MSMEs are evident:
GDP growth; low-capital-cost employment creation, notably in the booming service industry;
Close the wage gap;
Create a capable and semi-skilled labour force for increased manufacturing;
Develop better local, national, and global networks;
Permit technical progress and change;
provide an ideal environment for the development of entrepreneurial and management talent, the lack of which might impede economic growth.
Small and medium-sized enterprises (SMEs) are the backbone of an expanding economy like Nigeria’s.