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CWG Guarantees Technology Support for SMEs

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CWG Plc has pledged its commitment to providing cutting edge technology solutions that are helping the Small & Medium Enterprises (SMEs) in Nigeria to grow.

The company said the SMEs segment is the backbone of the Nigerian economy, as it accounts for 50 per cent of employment drive in the country, and so there is a need to build technology platforms that enable them to manage their business operations efficiently and ultimately, create more jobs.

Adewale Adewipo, CWG’s Business Director for Telco in an interaction with some ICT Editors at the company’s corporate headquarters in Lagos disclosed that “At CWG, we are passionate about the progress of the SMEs segment. That’s why we provide solutions that can boost their operations. We have solutions that we are using to contribute to their inclusiveness and the growth of the economy”.

Adewale further explained that what is more instructive is that CWG has a cloud e-commerce product, tagged ‘OpenMall’, which can support SMEs with online sales with integrated logistics and payment systems. “The idea is that with this empowerment, if the over 34 million SMEs in the country, according to the Federal Ministry of Industry, Trade & Investment, grow to the extent where they employ one more person each that translates to 34 million additional jobs” he noted.

He said the challenge for the majority of the SMEs in Nigeria, is that they don’t have the bookkeeping records that the banks will ask for to assess their credit-worthiness, but with CWG’s accounting software in the cloud that tracks their inventory, sales and balances their books at the end of every day, the SMEs can easily boast of an accounting records that the banks can use to advance them capital for growth.

The Pan-African IT Company with operations in four countries added that, if for instance, any of the SMEs has five shops, he can be monitoring the five shops from a mobile device, without having to physically visit each shop to know how they are doing.

Adewale believes that, for Nigeria is to reach its full potential in terms of economic and social development, it cannot afford to ignore the importance of its indigenous small and medium enterprises (SMEs), and the contributions that they make to the country’s economy.

He stressed that technology, which is presently an enabler must be deployed for the SMEs to have a compelling growth potentials.

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