Business Management

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The National Productivity Centre and the Pan African Association of Small and Medium Industries have signed a Memorandum of Understanding to boost SMEs in Nigeria.

According to a statement, the official signing ceremony of the Memorandum of Understanding took place recently in Abuja.

“The primary aim of this MoU is to create a structured collaboration between NPC and PAOSMI, with a focus on promoting productivity enhancement and capacity building for SMEs across Nigeria,” the centre stated.

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It noted that both organisations had outlined specific areas of cooperation to be targeted under the partnership.

“These include joint capacity-building programmes, sharing of knowledge, advocacy and policy discussions, information exchange, and the provision of technical assistance to SMEs in critical areas such as productivity enhancement and technology implementation,” it explained.

It further stated that the strategic alliance was expected to bring about concrete benefits for small and medium-sized enterprises in the country by offering them valuable resources, support, and expertise to help them grow and thrive in a competitive business environment.

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“The implementation of joint initiatives and the exchange of best practices between NPC and PAOSMI are set to make a significant impact on the productivity and overall success of SMEs in Nigeria,” it added.

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