Sage Grey Technologies Limited has launched three initiatives to boost small and medium-scale businesses in Nigeria: TradePlus Marketplace, TradePlus Vendor Loan Scheme, and the Isolo Tech Facility. The launch event was held in Lagos, where the Managing Director, Temitope Runsewe, explained that the goal was to provide practical solutions through technology to create an immediate impact. He highlighted the benefits of the TradePlus platform, including increased visibility, bulk sales, and export opportunities for SMEs.
The initiatives aim to bridge the gap between trading and financing, streamlining retail digital lending and inventory monitoring. Investment and Technology Promotion Associate, Hyeladzira Battah-Mhya, commended the launch, encouraging Sage Grey to continue developing sustainable ideas. Deputy Executive of the Nigerian Association of Small and Medium Enterprises, Samson Gbadamosi, praised the timely initiatives, noting that they would alleviate financial difficulties faced by SMEs. Non-Executive Director, Adejumo Atiba, emphasized the importance of SMEs for economic growth and Sage Grey’s commitment to supporting them.
According to the Small and Medium Enterprises Development Agency of Nigeria, there were 39,654,385 micro, small, and medium enterprises (MSMEs) in Nigeria as of December 2021, highlighting the significance of these initiatives for the country’s economic growth.
