Lagos SME Bootcamp set to launch pioneer edition of MSME Bootcamp initiative in Ibadan
Lagos SME Bootcamp set to launch pioneer edition of MSME Bootcamp initiative in Ibadan
In collaboration with the UI Reconnect group, the SME Bootcamp Series has announced the commencement of its first edition of the Ibadan SME Bootcamp event set to hold on September 4, 2021, designed to enhance the growth of the micro,small and medium enterprises (MSME) in the country.
This geographic spread is proof of growth. The SME Bootcamp Initiative is expanding its mission to enhance business management capabilities amongst MSMEs to increase their chances of growth and reduce their risks of failure. The initiative will support the achievement of Sustainable Development Goal 8, which is the provision of decent work and economic growth.
Founded in 2018 by Ayo Bankole Akintujoye and Oluwaseun Durojaiye, the SME Bootcamp series is an initiative that aims to develop the necessary capacity MSMEs need to survive in an ever-changing operating environment.
The camp would educate them on how to strategically position their products in the market, inform MSMEs about global trends and opportunities in entrepreneurship, equip them for future changes, networking, and cooperation that better positions them for strategic growth.
According to the convener Ayo Bankole Akintujoye, MSMEs provide almost 90% of the jobs in Nigeria. There is no way to drive sustainable development goal 8 without supporting them as they hold the key to unlocking Africa’s potential.
In its first event for the year, the initiative seeks to support MSMEs in Oyo and other southwestern states with a particular interest in student entrepreneurs. “We believe that getting them at the grassroots level and equipping them with the tools needed to run their businesses efficiently gears them to build successful companies.” said the convener of the Bootcamp.
In the Ibadan edition, the Bootcamp will host about 300 MSMEs and equip them with business management skills like financial management, business planning, people management, branding, technology, selling, taxation, etc. That would help them better manage and upscale their businesses.
The event would also be hosting an MSME business Pitch Competition endowed by PiggyVest. The organizers will give out several grants to shore up the capital base of small business owners in attendance.