The African Development Bank, the Nigerian Export-Import Bank and the Bank of Industry are expected to support a convention of the Small and Medium Enterprises in Lagos.
The programme, convened by the African Sustainable SME Export Trade Solutions, lists as its collaborators the Institute of Packaging Nigeria, Connect Nigeria, Pact Universal, Atlantic Exhibition, Bell Africana and 3T Export.
The Chief Executive Officer, ASSETS, Ms. Shade Bembatoum-Young, in a statement, noted that there was a growing consensus that the best way for Nigeria to make a rapid transition from constantly hovering on the brink of recession to achieving sustainable, inclusive economic growth, is by taking advantage of the weak naira and developing the non-oil export sector.
Bembatoum-Young, who is also the event coordinator, added, “The question, however, is what sustainable, consistent, tested and proven approaches can we employ to make our products and services more competitive in the domestic, regional and global markets, develop our non-oil export value chains and earn so much more than what we are currently earning from export?
“How can we create the necessary synergy to integrate and magnify the efforts of federal and state governments?”
The convener explained that an ‘all-hands-on-deck approach’ was needed, which she said would involve the Federal Government, state governments, funding institutions and banks, the private sector and international development partners.
Other stakeholders, according to her, include the SME facilitators and consultants, working together to ensure that the Nigerian economy can leapfrog from the fringes of recession to export-led, inclusive, sustainable growth.
She added, “That is why we have decided to create a platform to continue and follow through on these conversations. This high-profile event endorsed by African Development Bank, NEXIM and Bank of Industry will take place at Landmark Event Centre, Lagos from September 12 to 14, 2018.