MTN, NASME partner, introduces mobile money platform for start-ups, SMES
The Nigeria Association of Small and Medium Enterprises (NASME) in partnership with the MTN MoMo has introduced a mobile money platform for start-ups and Small and Medium Enterprises (SMEs) to grow their businesses.
The product was unveiled at the MTN MoMo and NASME Symposium and Exhibition recently held Lagos.
The National President of NASME, Dr. Abdulrashid Yerima, said familiarising the NASME community with the MTN MoMo wallet and MTN products would play a significant role in supporting the growth and development of SMEs in Nigeria.
According to him, by providing NASME members with the tools and resources they need to succeed, MTN has helped to create a more inclusive and prosperous economy for all Nigerians.
“As the President of the Nigeria Association of Small and Medium Enterprises, I am honoured to be part of this collaborative effort between MTN MoMo and NASME that symbolises a commitment to fostering growth, innovation, and connectivity within our vibrant small and medium-sized enterprise community.
“This initiative aligns with the one-billion-naira youth and women empowerment fund and the overarching vision of the Sustainable Development Goals (SDGs) for 2030.
“It also marks the commencement of a transformative experience designed to introduce the MTN MoMo Wallet and MTN products to NASME.
Yerima was represented at the event by Mr Solomon Aderoju, the National Vice President of NASME, said the initiative serves as a conduit for networking, expert-led workshops, and seminars aimed at equipping SMEs with the tools and knowledge necessary for sustainable growth.
The Chief Commercial Officer, MoMo, Elsa Muzzolini, who thanked NASME for the collaboration, said that MoMo was willing to engage them and address their specific challenges and requirements.
“We want to listen to your needs and what you want MoMo and MTN to do to help you in your business daily.
“I want you to share with us what you want MoMo to do for you; my team will collate all your submissions and make sure that we integrate them because we believe in co-design and collaboration to serve the needs of our customer,’’ she said.
Dr. Femi Egbesola, President of the Association of Small Business Owners of Nigeria (ASBON), congratulated NASME and MoMo for the partnership and for identifying with the SMEs.
Egbesola, however, provided specific recommendations on how MTN MoMo could better support small and medium-sized enterprises.
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Group backs TCN on procurement, says company conforms with Act
Accountability for Good Ethics and Accountability for Development in conjunction with Allied Society, have come together to debunk reports that the procurement processes at the Transmission Company of Nigeria (TCN) was fraught with irregularities.
Addressing journalists, a consultant with TCN Oyofo Sule, Sunday in Abuja, said the company had always adhered to Nigeria’s procurement act in contract awards.
He said section 43 of the public procurement act 2003 was cited, allowing emergency procurement under conditions of imminent disaster, war, or significant deterioration of public assets.
TCN highlighted the challenging terrains and security threats faced by over 1800KM of transmission lines, emphasizing the critical need for swift emergency procurement to address damages caused by natural disasters, vandalism, and insurgencies.
Sule stated the Bureau for Public Procurement (BPP) rigorously reviewed and approved the contracts in question after thorough scrutiny and negotiation for fair pricing.
The transmission company refuted claims of inflated prices, asserting that negotiations with contractors resulted in cost-saving measures while ensuring reasonable rates considering the urgency of the projects and prevailing market conditions.
“Highlighting compliance with Section 42 of the Public Procurement Act 2007, TCN emphasised its commitment to transparency, accountability, and the uninterrupted delivery of essential services to citizens,” he said
