In a strategic bid to enhance the growth of small businesses in Nigeria, Bujeti, a financial operations platform designed for African enterprises, has entered into a groundbreaking partnership with the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN). Together, they aim to revolutionize how Nigerian SMEs manage their finances and access funding.
This collaboration is set to arm small and medium-sized enterprises with essential digital tools for budgeting, expense tracking, and financial planning—helping to build structured and transparent operations that appeal to funders and scale effectively.
A Digital Transformation for Nigeria’s Business Backbone
Despite contributing over 46% of the country’s GDP and accounting for more than 84% of employment, many Nigerian SMEs still rely on informal and manual financial processes. This lack of structure severely limits their access to loans, investment, and long-term growth opportunities.
“Capital alone isn’t enough. SMEs need control,” said Cossi Achille Arouko, CEO and Founder of Bujeti. “With this partnership, we’re giving small businesses the digital framework they need to function efficiently, earn trust, and unlock growth.”
Tools to Build Accountability and Access Funding
The partnership introduces a range of user-friendly financial tools tailored to SME needs, including:
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Real-time tracking and approval of business expenses
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Automated staff reimbursements
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Smart corporate cards with spend limits
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Payroll and invoicing solutions
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Comprehensive dashboards for cash flow and audit reporting
These tools are designed to curb mismanagement, enforce budget discipline, and boost business credibility—factors critical to securing institutional financing.
SMEDAN to Lead SME Onboarding Nationwide
SMEDAN will oversee national outreach and onboarding of businesses through its grassroots network. SMEs registered on the platform will gain access to personalized training sessions showcasing how to integrate these tools into their operations.
“This partnership delivers more than funding—it embeds discipline and accountability in how SMEs operate,” said Ado Bello, Director of Enterprise Development and Partnerships at SMEDAN. “Financial literacy and structure are the keys to long-term sustainability.”
Virtual Launch Event: Operational Excellence for Growth
To celebrate the initiative, Bujeti and SMEDAN will co-host a virtual session titled “How SMEs Can Grow Their Businesses with Structure.” The event will feature:
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SMEDAN policymakers
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Bujeti training and product specialists
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SME founders and industry experts
Attendees will explore actionable strategies for building operational discipline, attracting funding, and leveraging digital tools to scale their ventures.
About Bujeti
Bujeti is a centralized financial operations hub for African businesses, offering full visibility into how money moves across teams and departments. The platform enables smarter, faster decision-making through real-time expense tracking, vendor payments, smart corporate cards, payroll solutions, and financial reporting.
Visit: www.bujeti.com
About SMEDAN
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) supports Nigeria’s MSME sector through policy advocacy, capacity development, and strategic partnerships. The agency is dedicated to empowering entrepreneurs with tools and access to finance, technology, and markets.
