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Ngba Digital Time

NGBA workshop training for SMEs kicks off to a fine start

NGBA workshop training for SMEs kicks off to a fine start

The Nigerian-German Business Association (NGBA), a not-for-profit organisation comprising of over 400 Nigerian and German owned business enterprises, recently commenced a four-week workshop training series for Small and Medium Enterprises (SMEs) tagged “B.L.A.S.T. (Business Leadership and Strategy Training)- Business Growth Opportunity and Access to Finance for SMEs.“

The workshop which has been designed to cover core business areas that pose a challenge to existing SMEs and start-ups to enable participants update and enhance their legal, financial, management and marketing skills, held at the NGBA Secretariat in Victoria Island, Lagos. Several SME operators from different sectors of the economy attended the event.

Declaring the workshop open, the President, NGBA, Mr. Folabi Esan, said the workshop was the perfect opportunity for SMEs to acquire the rudiments pertinent for the establishment and survival of a business entity. He also urged the entrepreneurs to seriously uphold the messages passed onto them during the workshop and use it to the betterment of their businesses and the nation’s economy.

Mr. Dayo Adu, a legal practitioner who kicked off the workshop series with its first module presentation which focused on the Nigerian legal and business environment delivered a keynote paper entitled; “Doing business in Nigeria- legal perspective.” During his presentation, Adu explained to the participants the procedures and need for SMEs to follow up on the post-incorporation compliance requirements, the functions of the relevant regulatory bodies they will deal with, and the various types of tax to be paid both to the Federal and State Governments.

Furthermore, the legal practitioner identified the challenges faced by SMEs operating in Nigeria, the efforts made by government to tackle these problems, and the proper channels through which they can resolve disputes pertaining to their business.

Meanwhile, a former President of the NGBA and member, National Council of the Manufacturing Association of Nigeria (MAN), Chief (Dr) D.V.C. Obi, while addressing the participants and sharing his practical experiences during his active working years thanked the NGBA for putting together the workshop because for him, the SMEs “are being presented with the rare opportunity” to transcend their business beyond the height of their imagination. Chief Obi handed out certificates of participation to attendees as the session was

At the end of the day’s session, there was positive feedback from attendees. Speaking excitedly, a participant said that he registered for the workshop with “high expectations” and was not disappointed. ‘The interactions made’ he continued, ‘and opportunities presented are highly commendable.’ Another participant said that she has ‘increased her knowledge base’ and will tap into the rich resources made available during the presentation and looks forward to upcoming modules which she plans to attend.

The NGBA B.L.A.S.T. programme, a four-week capacity-building workshop series for SMEs operating in Nigeria would continue on August 20 with the second module focusing on the managerial importance of an efficient SME business while on August 27 and September 3 respectively, the financial and marketing needs of SMEs completing modules three and four would be discussed.

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