Across Africa, there are many economic perturbations. In Nigeria, recently, we have seen how rising energy costs, forex paralysis, and other vectors, are affecting the abilities of small and medium scale enterprises (SMEs) to pursue their strategic missions in the market.
According to the nation’s tax agency, FIRS, more than N1.7 trillion revenue disappeared in 2023, and thousands of companies faded in the broad manufacturing industry. It goes beyond Nigeria as there are pockets of “turbulence” everywhere, for SMEs, fuelled by wars, insecurity or even technology.
The implications of these economic turbulence are huge, not just to the state’s revenue, but also to the companies. Today, at Tekedia Mini-MBA, our Faculty, Dr Abel Osuji, from Afreximbank, Africa’s bank of this decade, in our opinion, will be teaching on “Sustainability Strategies for SMEs During Economic Challenges”. Zoom in the class board.
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