GIZ-SEDIN, FUT-Minna Launches SMEsabi To Boost Entrepreneurs Income Earning Potentials

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SEDIN, a programme by the German Development Cooperation, GIZ has collaborated the Federal University of Technology, Minna (FUT Minna) to launched SMEsabi to equip entrepreneurs to boost income earning potentials.

A statement signed by Jennifer Seydel, Giz's Access to Finance Advisor, disclosed on Tuesday, in Lagos. 

Seydel, in the statement said that SMEsabi is a free new e-learning platform on financial literacy and entrepreneurship designed for Micro, Small and Medium Enterprises (MSMEs) in Nigeria.  

"MSMEs are pivotal towards alleviating the rising unemployment rate in Nigeria, which has reached 35 per cent (the highest in over a decade) and projected to further escalate to 40 per cent. 

"However, business trends show that about 20 per cent of MSMEs fail in the first year, half succumb to business failure within five years and by the 10th year, only about 33 per cent survive. 

"The chances of survival of MSMes can be improved with access to comprehensive and professional business support tools for the business owner and employees.  

"Based on the above, the goal of SMEsabi is therefore to equip entrepreneurs in Nigeria with the knowledge to improve their income earning potential, business capacity, acumen, and ultimately make smart money decisions. 

"SMEsabi currently has courses on Basic Financial Literacy, Advanced Financial Literacy, Financial Literacy Trainer and Entrepreneurship Fundamentals.

"An entire course can be completed within 24 hours, after which applicants receive a certificate acknowledged by the German Development Cooperation (GIZ) and the Federal University of Technology of Minna.  

"Currently over 3,000 Nigerians have registered on SMEsabi.com with over 800 certficates awarded upon completion of a course," it read.

Seydel added in the statement that the e-learning portal is free of charge and available on desktop and mobile devices from www.smesabi.com and can also be accessed using the Moodle app available on playstore 

NAN reports that SEDIN, a Pro-Poor Growth and Promotion of Employment in Nigeria programme is part of the sustainable development cluster of Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH that promotes economic development and employment. 

The programme's overall objective is to improve the employment and income situation of MSMEs. 

Source: NAN 

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