Ict/Telecom
Network Provider Tasks SMEs On Data Usage
The Chief Executive Officer, MTN Nigeria, Mr Olutokun Toriola, has urged Small and Medium Enterprises (SMEs) to use the data presented to them through telecommunication companies and financial systems to access capital.
Toriola gave the advice at a recent sparkle’s webinar for SMEs with the theme: ’’Simplifying Support for ‘Small Businesses’ in Abuja.
According to him, data was abundant in both the telecommunications and financial system.
“The person to make magic out of this is the person that can turn data into wisdom because the data is out there and not many people have successfully been able to transform and beneficially structure this data”, he said.
Noting that more than 95 per cent of registered businesses around the world are SMEs, he said”, Africa is no different, according to the World Bank. They provide for more than half of all jobs and account for more than a third of the combined GDP of emerging market economies.
“Getting access to credit, however, is an uphill task for most of these SMEs,’’ he said.
According to him, it is widely established that lack of access to finance was the most significant constraint on the growth of small enterprises, saying that in developing economies, the estimated annual credit gap could be as much as $5.2 trillion dollars.
MTN Nigeria, he stated further, is committed to enabling the growth of small businesses by offering solutions to improve organisational effectiveness and productivity.
Toriola also said MTN Nigeria provided access to knowledge and information through easily affordable, sometimes free tools and learning programmes through SMS automated port training programmes.
”In addition, we also try to provide access to infrastructure with specifically designed packages for SMEs, such as cost-effective voice and data solutions as well as collaborations with global ICT partners”, he said.
The Tide’s source reports that those at the webinar included CEO, Flour Mills of Nigeria Group, Boye Olusanya; and CEO, Access Bank Plc, Herbert Wigwe.
Ict/Telecom
Konga Launches Tech Sales Drive In Nigeria
Ict/Telecom
Telcos Explain Service Disruptions ……As Nigerians Consume 4m Terabytes Data
Ict/Telecom
Platform Petroleum Unveils ICT Hub For Niger Delta Youths
-
Rivers1 day ago
Rivers Police Uncovers Firearm Concealed In Loaf Of Bread
-
Niger Delta24 hours agoPro-Chancellor Hands Over Okey Onuchuku Peace, Conflict Institute Building
-
News1 day agoFubara Reaffirms Commitment To Blue Economy, Private Sector Growth …Calls For Protection Of Marine Resources
-
Sports1 day ago
Six Nigerians To Play For NBA Teams
-
Business1 day ago
Gas Economy: Decade of Gas, Pi-CNG/ EV Deepen Media Engagement
-
Business1 day ago
Navy Nabs 13 Black Sand Miners In Bayelsa –Impound Two Boats
-
Business1 day agoIPMAN Raises Concern Over Delay In Chinese Refinery Deal …Predicts Lower Fuel Prices Through Competition
-
Sports1 day ago
NPFL Warns Newly Promoted Clubs
