NEPC says, SME’s contribute 75% of the National Employment.

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NEPC says, SME’s contribute 75% of the National Employment.

 

By:Femi Mustapha

 

The Nigerian Export Promotion Council (NEPC) has declared that small and medium scale enterprises (SMEs) currently contribute 75 percent of the national employment.

 

 

NEPC Executive Director , Olusegun Awolowo, made the declaration at the weekend while speaking at a capacity-building programme organised by the organisation for micro, small and medium scale enterprises (MSMEs) in Kaduna  on 31st August 2021.

 

 

Awolowo who was represented by Assistant Director , Exports Development and incentives Abubakar Umar said, “SMEs represent one of the most important sectors of our economy. It currently represents 96 per cent of the businesses in Nigeria and contributes 75 per cent of the national employment. Thus, he went on, growth in the economy as a whole and in the level of employment throughout Nigeria.

 

 

“The country has abundant opportunities in the non-oil export which include agricultural commodities, semi processed products, and handicrafts, solid minerals et Al, most of which are yet to be fully harnessed.

 

 

“Increases in higher level education and the existence of accessible online training initiatives are bringing digital skills to those able to access them.

 

 

“However, low enrolment in basic education and the poor quality of that education coupled with a lack of digital skills in curricula is segmenting digital skills into a slim share of the population, excluding most of the MSMEs from the benefits of the digital world.

 

 

“As the biggest economy in Africa with growing  population of young people, Nigeria is well-positioned to develop a strong digital economy, which would have a transformational impact on the country, therefore, there is need to connect tremendous economic potentials MSMEs digital platform has to offer.

 

 

Speaking at the event also, NEPC Trade promotion Advisor

Kaduna smart office Mr kassim Ahmed said there has to be increased application of information and communication technology (ICT) to revamp export supply chains in order to meet customers’ demand.

 

 

According to him, “Then new E-Commerce channels that would lead to doing business in smarter and more sustainable ways must be established among MSMEs.

 

 

“Thus, there is need for underlined reason for NEPC to teach MSMEs ways of adapting to cloud-based communications, creation and use of online collaborations, and productivity tools that induced more frequent communication, and enhanced business results.

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