In a bold move to strengthen youth-led enterprises, Bumpa, a leading digital business management platform, has teamed up with the Bank of Industry (BoI) to empower 200 Micro, Small, and Medium Enterprises (MSMEs) across Nigeria. The joint initiative aims to provide young entrepreneurs with six months of free access to business management tools, training, and hands-on digital support to help them scale sustainably.
This partnership aligns with BoI’s broader mission to drive inclusive economic growth and support the Federal Government’s ambition of building a $1 trillion economy. By focusing on digital adoption and business modernization, the program directly addresses the barriers that have long limited the growth of MSMEs — particularly restricted market access and inadequate digital infrastructure.
According to data from the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), MSMEs account for 48% of Nigeria’s GDP and employ 84% of its workforce, yet they still face challenges in accessing finance and competitive markets. The BoI–Bumpa collaboration seeks to change that narrative by equipping youth-owned enterprises with digital tools to manage sales, inventory, and customer relationships seamlessly from their mobile devices.
“Many young entrepreneurs in Nigeria are not lacking in creativity or drive — they simply lack access to the right technology,” said Kelvin Umechukwu, CEO of Bumpa. “Through this partnership with the Bank of Industry, we’re giving 200 business owners the same professional-grade tools used by global brands, all accessible via a smartphone.”
Bumpa’s platform is designed to help businesses launch and manage online stores, accept digital payments, track stock in real-time, and analyse performance through business insights. It also supports multi-currency transactions, bulk messaging, and email marketing — features that are essential for expanding both local and international reach.
Beyond digital access, the six-month initiative will include personalized support to help participants integrate these technologies effectively. BoI and Bumpa will jointly track measurable outcomes such as job creation, revenue growth, and business expansion to assess the program’s impact and guide future initiatives.
“Digital transformation is the key to unlocking Nigeria’s entrepreneurial potential,” Umechukwu added. “When small businesses gain access to modern tools and open markets, innovation thrives, livelihoods improve, and communities grow stronger. That’s the impact we aim to achieve with this partnership.”
The initiative supports BoI’s 2025–2027 Corporate Strategy, particularly its focus on Youth and Skills Development, and reinforces its ongoing commitment to reducing structural barriers that hinder MSME growth.
Official details on the application process and eligibility criteria for the 200 available slots will be released soon through BoI and Bumpa’s communication channels.
