Investors who participated in the Afro-Austria Business Summit, which recently held in Vienna, Austria, has charged small and medium-sized enterprises in Nigeria to embrace digital solutions and opportunities to propel their growth.
The summit gathered corporate and community leaders, government representatives and key stakeholders to share ideas in response to the shifting paradigm in Africa’s economic development and global business climate. It focused on Nigeria’s real estate, finance and SME sectors with an emphasis on how to thrive in an increasingly volatile digital age and how to profit from Africa’s emerging economies and opportunities.
The summit, in a communiqué on Friday, concluded that e-commerce, digital solutions and Information Technology offered veritable growth vistas for SMEs and urged them to tap into it.
The keynote speaker, Dr. Dayo Olomu, in a presentation titled, “Staying ahead in a violate business climate & digital world,” said since there are over 17 million SMEs in Nigeria employing over 30 million people and contributing immensely to the country’s Gross Domestic Product, it was important for the SMEs to drive their next phase of growth with digital solutions and Information Technology.
He said: “SMEs are the bedrock of the Nigerian economy, having contributed immensely to the country’s GDP. This is the time to focus more on IT and digital solutions as a key growth driver.”
Similarly, the founder, Aphropean Partners based in Vienna, Rita Isiba, shared her insight in her presentation tagged, “Profiting from sustainability through technology in Africa’s emerging markets.” She encouraged SMEs to focus on emerging technology and profitable sustainability solutions to survive.
The Chairman, British African Business Alliance, Mr. David Smith, who spoke on, “Business and packaged opportunities in Nigeria,” encouraged Nigerians in the Diaspora to consider investing in their home country.