The Enterprise Development Centre (EDC) has teamed up with International Energy Insurance (IEI) to boost risk management capabilities for small and medium enterprises (SMEs).
This partnership is poised to equip SMEs with vital knowledge and tools, enhancing their ability to manage risks effectively and ensuring their growth in Nigeria’s competitive market.
As part of this collaboration, EDC and IEI will develop a tailored curriculum, offer specialized training, and create practical case studies.
IEI’s sponsorship of the EDC studio rebranding will transform it into a dynamic hub for interactive learning and professional development, providing SMEs with the essential resources to safeguard their operations.
Olawale Anifowoshe, Director of Programme and Partnership at EDC, emphasized the importance of this initiative. “Our collaboration with IEI represents a crucial step in empowering SMEs with the knowledge and strategies needed for effective risk management,” Anifowoshe said.
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He reflected on past challenges, such as the destruction of uninsured businesses during the ENDSARS protests, underscoring the need for this enhanced support.
Olasupo Sogelola, Managing Director/CEO of IEI, highlighted the significance of this partnership for Nigeria’s vast SME sector.
“With over 59 million Nigerians working in SMEs and more than 41 million registered enterprises, this initiative will provide crucial insurance products and risk management strategies, alongside support from our sister organization, Clear Pay Microfinance Bank,” he noted. Sogelola expressed enthusiasm about the partnership’s potential to alleviate risk concerns for SMEs.
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