The transformative journey to prepare Nigerian SMEs for the Artificial Intelligence (AI) revolution continues with the fourth edition of the AI Readiness Roundtable, tagged the “AI SME Summit”, scheduled to hold in Lagos on January 24, 2025.
This groundbreaking initiative, spearheaded by Credo by eTranzact, in partnership with the Enterprise Development Centre (EDC) of Pan-Atlantic University and the Global AI Council of Nigeria, is designed to empower Small and Medium Enterprises (SMEs) with tools, insights, and strategies to integrate AI into their operations.
Since its launch in 2024, the roundtable has reached SMEs in three geo-political zones, with the debut session in Kano, followed by Port-Harcourt, and most recently, Enugu in December 2024.
These sessions have witnessed strong participation from business owners, who have lauded the initiative as a timely and impactful response to the challenges of the digital age.
Speaking on the significance of the project, Niyi Toluwalope, managing director/CEO of eTranzact, stated:
“At eTranzact, we are committed to driving an all-inclusive economy powered by technology. Through this roundtable, we are equipping SMEs—the backbone of Nigeria’s economy—with the knowledge and tools they need to remain competitive in a rapidly evolving global market. AI is no longer a luxury; it’s a necessity, and we are proud to champion this cause.”
Dr. Olawale Anifowose, the country director of the Enterprise Development Centre, of the Pan Atlantic University, highlighted the program’s alignment with national development goals:
“This initiative represents a unique collaboration between academia, technology, and business. By reaching SMEs in every geo-political zone, we are addressing the needs of businesses at the grassroots level and ensuring they are not left behind in the AI revolution.”
Participants from previous sessions have shared glowing feedback about the program’s impact. Halima Yusuf, a retail business owner from Kano, remarked:
“Before attending the session, AI felt like a foreign concept. Now, I understand how it can help me manage inventory and improve customer experience. This is a game-changer for my business.”
Similarly, Chibuzor Okeke, a fashion entrepreneur from Enugu who spoke about the Credo by eTranzact initiative, noted:
“The roundtable opened my eyes to AI tools that can enhance creativity and streamline production. I am grateful to eTranzact and their partners for bringing this opportunity to us.”
As the Lagos edition approaches, expectations are high for another robust session with SME stakeholders eager to explore the practical applications of AI.
The initiative will continue across Nigeria’s six geo-political zones throughout 2025, ensuring that every region benefits from this transformative program.
