MTN-backed superapp Ayoba has teamed up with Adanian Labs to launch an accelerator program for Nigerian SMEs. The program aims to address the challenges faced by small businesses, including limited access to capital, technology infrastructure, market access, and mentorship.
Nigerian SMEs will have two weeks to apply for the program, which offers resources such as mentorship, networking opportunities, technological support, and funding partnerships. Small businesses play a crucial role in driving economic growth and job creation in Nigeria, contributing 48% to the national GDP and accounting for 96% of businesses and 84% of employment.
Empowering Nigerian SMEs can lead to accelerated economic growth, increased job opportunities, and enhanced competitiveness globally. Ayoba’s head of ecosystem development, Shiela Yabo, highlights the potential impact of supporting small businesses on Nigeria’s socio-economic landscape.
Adanian Labs, a pan-African technology studio, is dedicated to providing technology solutions for SMEs in key growth sectors. The joint effort between Ayoba and Adanian Labs aims to support SME growth, enhance economic resilience, and contribute to the overall development of the sector.
The program holds great promise for Nigerian small businesses and their digital transformation. By strengthening the SME sector, Nigeria can experience accelerated economic growth, increased job opportunities, and enhanced competitiveness on the global stage.
Supporting small businesses fosters entrepreneurship, drives innovation, and contributes to wealth creation, ultimately improving the overall socio-economic landscape of Nigeria. Killian Mayua, country manager for Adanian Labs in Nigeria, expressed optimism about the program’s potential to benefit Nigerian small businesses.
The collaboration between Ayoba and Adanian Labs aligns with their shared goal of empowering SMEs and contributing to the growth and development of this vital sector in Nigeria.