Business Hilights

Tracking Nigeria's Headline Business News Online


CWG’ll continue to support SMEs with relevant technologies—Adewipo

Ad 2
Ad 3

Business Director for Telecoms at Computer Warehouse Group (CWG) Plc, Mr. Adewale Adewipo has restated the resolve of the company to continue to delivery of tailor-made applications that will drive business activities of Small and Medium Enterprises (SMEs) in the country.

Addressing newsmen in Lagos, he said the company has recognized the fact that SMEs segment is the backbone of the Nigerian economy, as it accounts for 50 per cent of employment drive in the country.

He said there is a need to build technology platforms that enable them to manage their business operations efficiently and ultimately, create more jobs.

According to him, “At CWG, we are passionate about the progress of the SMEs segment. That’s why we provide solutions that can boost their operations. We have solutions that we are using to contribute to their inclusiveness and the growth of the economy”.

He further noted that “what is more instructive is that CWG has a cloud e-commerce product, tagged ‘OpenMall’, which can support SMEs with online sales with integrated logistics and payment systems.

The idea is that with this empowerment, if the over 34 million SMEs in the country, according to the Federal Ministry of Industry, Trade & Investment, grow to the extent where they employ one more person each, that translates to 34 million additional jobs.

However, Adewipo observed that the key challenge for SMEs in Nigeria is that they don’t have the book-keeping records that the banks will ask for to assess their credit-worthiness in order to give them access to facilities.

He CWG will continue to build on its achievements in driving the growth and consolidation of SMEs in Nigeria.


Business Hilights is an online news channel conceptualized and structured to report and track on a daily basis; latest developments in critical business sectors to serve as a one stop news gateway for governments, foreign and indigenous investors.