About our 2022 Conference
This conference is of high strategic importance as it comes at a time when the Nigerian economy has taken a great hit from COVID-19 and subsequent economic downturn, spiraling inflation, constrained purchasing power leading to reprioritization of expenditure by individuals, families and businesses. The situation is made worse by being a largely mono-product economy, a struggling agriculture and agro-allied industry and a practically comatose manufacturing sector. Arising from the development above, the Institute is poised to bring all the identified issues and the relevant stakeholders all on the same table for a deep introspection and dissection of the issues thereof with a view of developing a comprehensive and inclusive framework for the promotion of markets within the ECOWAS region as a first start to building a strong continental market that will be competitive in the struggle for market shares. The institute in exercising their professional relevance will continue to be the mechanism and platform for MSME’s, artisans, government agencies, financial institutions to contribute to the collective economic growth of Nigeria to ensure self-reliance, regional trade integration, quality and sustainable supply. Accordingly, the Institute will be holding this annual conference to bring together all the stakeholders for regional and global policy analysis, dialogue, comparative analysis and advocacy on creating enabling environment.
The Small and Medium Scale Enterprises (SMEs) are globally recognized as engines of socio-economic transformation. In Nigeria, they are at the heart of a push for economic prosperity. According to a joint survey by Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) and the National Bureau of Statistics (NBS), SMEs together with micro-scale ventures, contribute almost half of the nation’s Gross Domestic Product (GDP), and employ 76.5 percent of the national workforce while also accounting for 7.64 percent of export receipts. They also make up more than 90 percent of the total businesses in Nigeria.
The development of small and medium sized enterprises is the heart and soul of economic growth and development of any country. Small businesses are regarded as a driver for economic growth, an economic integration tool and an excellent source of employment and revenue generation. In light of this fact and the over-riding need to encourage, foster and accelerate the economic and social development of member States, The Economic Community of West African States (ECOWAS) stipulates the removal of trade barriers and harmonization of trade policies. The ECOWAS trade liberation scheme (ETLS) with an agreement on agricultural, artisanal handicrafts, unprocessed products and industrial products has been adopted by ECOWAS states as a framework for market and trade integration as an engine of growth to allow member states to join the ranks of emerging countries.
Purpose & Objectives
The key objectives of the conference will be focused on the revitalization of Nigerian’s economy through MSME’s, Entrepreneurship, International Trade and Investment in Digital Age. Also, to identify and resolve the inhibitors to sustainable development and ease of doing business. Promoting MSME’s sized Enterprises into a common market in West Africa as a critical step towards the development of the continental market.
Furthermore, the conference will also discuss and agree on the needed policy frameworks, legal regimes, trade agreements, the role and engagement of relevant stakeholders in building a common market in our sub - region.
To have a common understanding of SMEs and entrepreneurship as a major catalyst in Nigeria’s economic development.
Get Experiences on approaches towards creating and promoting an enabling environment for SMEs.
Establish Agreement on the role of stakeholders in developing SMEs for regional trade integration.
Welcome Remarks -MC
Opening Address -The Registrar/CEO
Special Address - The President of the Institute
Presentation of conference objectives, expected outcome and agenda- The Conference Chairman
TOPIC: Revitalizing the Nigerian Economy through MSMEs, Entrepreneurship, International Trade and Investment in Digital Age.
This session will provide an introduction and overview of the Nigerian Economy, MSMEs its key issues and need
This session will provide an introduction of stakeholders in the business ecosystem and entrepreneurship. The role of regulators, the policy developers, funding agencies, support institution, institutional development partners, practitioners, informal trader groups.
Topic 1: Role of MSMEs Economic and Revenue Diversification
Topic 2: Challenges and Feasible Solutions to Growth of Nigerian Entrepreneurs in the Nigerian and African Markets
Topic 3: Ease of Doing Business in Nigeria for Nigerian MSME’s as catalyst for Foreign Direct Investment
Topic 4: Alignment of Policies and Bureaucracy for Facilitation of International Trade for Nigerian MSME’s.
Opening and Review of Day 1 Presentations
Institutional Development Partner
Informal Trader Groups
Induction of Fellows
Music and Dancing
Post Conference Activities
His Excellency Mohammadu Buhari, President and Commander In Chief of the Armed Forces Federal Republic of Nigeria
Her Excellency, Dr. Ramatu Tijjani Aliyu. Honorable Minister of State FCT.
Otunba Niyi Adebayo, Honourable Minister of Industry, Trade and Investment Federal Republic of Nigeria
His Excellency Geoffrey Onyeama, The Hon. Minister of Foreign Affairs.
Paul Ikele PhD FBDI, fnimn, FHRMI.
Dr. Yusuf. Y. Ballah
Mr. Lamin Barrow
Dr. Muda Yusuf
Dr. Samtanye Yerima Balla, FBDI