L-R: Emmanuel Akhigbe, Manager, Merchant Channel, MoMo PSB; Chioma Nwahiri, Head, Go-To-Market & Customer Acquisition, MoMo PSB; Adejumoke Abolade, Partner, Corporate Account, MoMo PSB; Alhaji Nurudeen Buhari, President, LASCOTA; Nnebuogo Egboh, Director, Corporate Retention, Royal Certification Limited and Consultant to NASME and Solomon Aderoju, Vice President, South West, NASME at the MoMo X NASME Symposium and Exhibition, which held at Landmark Centre, Plot 3/4 Water Corporation Road, Victoria Island, Lagos Nigeria on November 17, 2023.
MoMo PSB, in collaboration with the Nigerian Association of Small and Medium Enterprises (NASME), recently organized a two-day symposium and exhibition aimed at empowering nano and small businesses in Lagos State.
The event took place on November 17 and 18, 2023, at the Landmark Center in Lagos, attracting various SMEs and trade associations, including the West African Association for Cross-Border Trade in Agroforestry-pastoral, Fisheries Products, and Food (WACTAF), Lagos State Council of Tradesmen and Artisans (LASCOTA), Nigerian Association of Small Scale Industrialists (NASSI), Coalition Network of Stakeholders in Agricultural Mechanisation (CONESAM), Small and Medium Enterprise Development Agency of Nigeria (SMEDAN), Royal Certification Limited, and the Federal Ministry of Women Affairs.
Elsa Muzzolini, Chief Commercial Officer of MoMo PSB, highlighted the importance of collaboration in accelerating SME growth in Nigeria during her opening remarks. She emphasized MoMo PSB’s commitment to co-creation and the development of solutions tailored to the needs of customers. The partnership with NASME for the symposium and exhibition reflects their dedication to empowering nano and small businesses across Nigeria through MoMo solutions for both merchants and customers.
Muzzolini shared the evolution of MoMo for merchants, starting as a simple USSD solution and transforming into a comprehensive merchant application accessible to smartphone users, facilitating transactions with or without internet connectivity.
The event featured training sessions that facilitated knowledge sharing between experienced coaches and SMEs, covering topics such as finance management, compliance, security, and controls tailored to SMEs. Additionally, businesses from diverse industries showcased their products, seeking increased visibility and sales opportunities.
Solomon Aderoju, Vice President, South West, NASME, represented the president at the event, expressing gratitude for the collaborative effort between MTN MoMo and NASME. He emphasized the mutual benefits of the exhibition, aligning with the ‘One Billion Naira Youth and Women Empowerment Fund’ to achieve the Sustainable Development Goals for 2023. Aderoju highlighted the initiative’s purpose in introducing the NASME community to the MTN MoMo wallet and products, bridging the gap between innovative financial solutions and the dynamic needs of SMEs.
The event provided valuable insights into the specific requirements of SMEs, enabling the MoMo team to better address their needs and ensure a more seamless and tailored business transaction experience through MoMo PSB.
Additionally, the event introduced SMEs to the MoMo N40 Million Grant initiative, designed to incentivize active merchants using the MoMo wallet. The grant aims to encourage increased engagement and participation among SMEs, fostering a mutually beneficial relationship between MoMo PSB and its users. This strategic effort solidifies MoMo’s commitment to supporting and empowering SMEs within the business landscape.
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