CWG Seeks Investment in Youth Entrepreneurs to Boost SMEs

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  • CWG Seeks Investment in Youth Entrepreneurs to Boost SMEs

CWG Plc has urged government at all levels in the country to invest heavily into youth entrepreneurship, saying such investment would boost the Small and Medium Enterprises segment and ultimately help to grow the economy.

The company said apart from helping to grow the economy, several jobs would be created in tandem with the President Muhammadu Buhari led federal government’s desires to create jobs for Nigerians, especially the youths.

Speaking on the sideline of a youth empowerment programme in Lagos, James Agada, Chief Executive Officer of CWG Plc, stated that any country that aspires to be great economically, must collaborate with the youth segment, which forms over 50 percent of the population most of the times.

“Information available four years ago indicates that there are over 17million SMEs in the country. Today, they are more. So, we believe there is a need for an increased investment in youth entrepreneurship as part of efforts to improve the growth of Small, Medium scale Enterprises (SME) in Nigeria,” he emphasized.

He added that empowering the SMEs is the solution to unemployment in the country because they are the backbone of the Nigerian economy, where they are taking over 42.41 million persons off the unemployment space and making a contribution of about 46.54 per cent to the nation’s Gross Domestic Product in nominal terms.

He said as part of its desires to support the federal government’s drive in the area of youth empowerment, CWG has consistently created cutting edge solutions targeted at SMEs in the country.

Agada disclosed that one of such cutting edge solutions it has deployed to empower the SMEs and make them efficient and effective is the SMERP, CWG’s Enterprise Resource Planning platform built to enable Small and Medium Enterprises (SMEs) manage their business operations in a manner that would ensure productivity and growth.

The Pan-African ICT company’s CEO disclosed that with SMERP solution, SMEs can easily setup an E-commerce website with different categories of products, adding that the solution is suitable for any business like retailing, hospital management, manufacturing and school management.

Speaking further, Agada stated that CWG’s SMERP Solution is an Enterprise Resource Planning (ERP) system, which integrates areas such as planning, purchasing, inventory, sales, marketing, finance, distribution and human resources.

About the Author

Samed Olukoya
Samed Olukoya is the CEO/Founder of investorsking.com, a digital business media, with over 10 years' experience as a foreign exchange research analyst and trader. A graduate of University of East London, U.K. and a vivid financial markets analyst.

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