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10 Nigerian Startups Set for Singapore Summit as NIMENA Targets Asian Market
🇳🇬 Nigeria · Technology · Singapore, Singapore · 6 h ago
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25.10 16:34 UTC
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The initiative is being driven through the NSIA Prize for Innovation, which provides promising entrepreneurs with access to equity investment, business acceleration, education and strategic partnerships to help them scale their operations and compete in larger markets.
Speaking at the Demo Day of the fourth edition of the NSIA Prize for Innovation, themed “Building for Impact,” on Saturday in Abuja, the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, said the ability of small businesses to innovate, expand production and reach new mark
He said achieving the $1tn economy target would depend significantly on the ability of small businesses to grow into medium-sized enterprises, medium-sized businesses to become large companies, and Nigerian firms to emerge as competitive players across Africa and the global economy.
According to him, while the government has a responsibility to create an enabling business environment, entrepreneurs must convert available opportunities into sustainable businesses, employment and lasting prosperity.
To address these constraints, the minister highlighted government interventions, including the Development Bank of Nigeria, the National Credit Guarantee Company and the Nigerian Consumer Credit Corporation, which are designed to improve access to finance, reduce lending risks and strengthen domesti
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