Procter & Gamble Nigeria has launched an academy to train entrepreneurs in the country.
The company said it is working with the Federal Ministry of Trade and Investment and the Bank of Industry to upskill entrepreneurs through its annual Small Medium Enterprises academy.
In a statement, the company said that the programme is an extension of the agreement made with the Federal Government of Nigeria in 2019.
It said the edition themed, ‘SMEs – The drivers of post-COVID economic recovery & growth’, would train SMEs on essential business skills.
The statement read in part, “This year’s session will see hundreds of small and medium-sized enterprises trained on essential business skills aimed at improving the standard of the goods and services they provide.”
The statement further said that the programme aims to ensure sustainability and integration of these SMEs into the global value chain.
It stated, “The programme aims to ensure longevity and facilitate the integration of these SMEs into global value chains.”
Commenting on the programme, P&G Nigeria’s Managing Director, Mokutima Ajileye, said, “As we move into a post-pandemic world, we have seen the needs of businesses – both big and small – change drastically and it’s important that we all take the time to adjust our skills accordingly. Organisations like P&G have the opportunity to provide key insights to local SMEs into what bigger corporations are looking for in a post-pandemic, allowing for smoother integration into the global value chain.”
The statement quoted a Bank of Industry (BOI) representative saying, “While the pandemic was a time of economic struggle, the potential for SMEs to play a crucial role in economic recovery in Nigeria cannot be ignored. There are many opportunities that we encourage local SMEs to take advantage of – for their benefit but for the greater economy as whole.”