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MoMo Organises Symposium and Exhibition to Accelerate SME Growth in Nigeria

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MoMO PSB
L-R: Emmanuel Akhigbe, Manager, Merchant Channel, MoMo PSB; Chioma Nwahiri, Head, Go-To-Market & Customer Acquisition, MoMo PSB; Adejumoke Abolade, Partner, Corporate Account, MoMo PSB; Alhaji Nurudeen Buhari, President, LASCOTA; Nnebuogo Egboh, Director, Corporate Retention, Royal Certification Limited and Consultant to NASME and Solomon Aderoju, Vice President, South West, NASME at the MoMo X NASME Symposium and Exhibition, which held at Landmark Centre, Plot 3/4 Water Corporation Road, Victoria Island, Lagos Nigeria on November 17, 2023.
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MoMo PSB in partnership with the Nigerian Association of Small and Medium Enterprises (NASME) hosted a two-day symposium and exhibition on empowering nano and small businesses in Lagos State.

MoMO PSB

The event which was held on November 17 and 18 2023 at the Landmark Center Lagos, hosted a myriad of SME and trade Associations in Nigeria, including, the West African Association for Cross-Border Trade, in Agroforestry-pastoral, Fisheries Products and Food (WACTAF), Lagos State Council of Tradesmen and Artisans (LASCOTA), Nigerian Association of Small Scale Industrialists (NASSI), Coalition Network of Stakeholders in Agricultural Mechanisation (CONESAM), Small and Medium Enterprise Development Agency of Nigeria (SMEDAN), Royal Certification Limited and the Federal Ministry of Women Affairs.

In her opening remark, Elsa Muzzolini, Chief Commercial Officer, MoMo PSB, emphasised the significance of collaboration in expediting SME growth in Nigeria. “At MoMo PSB, we believe in co-creation and designing solutions that directly address the needs of our customers. Our partnership with NASME on the symposium and exhibition underscores our dedication to empowering nano and small businesses across Nigeria with MoMo solutions for merchants and customers.

MoMo for merchants started as a simple USSD solution for transactions and has evolved to a merchant application that caters to smartphone users, enabling transactions with or without internet connectivity.”

The event included training sessions fostering knowledge sharing between experienced coaches and SMEs. The topics covered a range of subjects such as finance management, compliance, security, and controls tailored to SMEs, along with discussions on harnessing digital tools for business expansion. Additionally, businesses from diverse industries showcased their products, aiming to gain more visibility and boost sales during the event.

“I am honoured to be part of this collaborative effort between MTN MoMo and NASME, symbolising a commitment to fostering growth, innovation, and connectivity within Small and Medium Enterprises”, said, Solomon Aderoju, Vice President, South West, NASME, who represented the president at the event.

He further spoke to the mutually beneficial nature of the exhibition saying, ‘This initiative aligns with the ‘One Billion Naira Youth and Women Empowerment Fund’ in achieving the Sustainable Development Goals for 2023. The overarching purpose of this event is to introduce and familiarise the NASME community with the MTN MoMo wallet and products, bridging the gap between innovative financial solutions and the dynamic needs of the SMEs.”

The event provided a comprehensive assessment, enabling the MoMo team to gain deeper insights into the specific requirements of SMEs. This analytical approach is expected to aid the fintech in addressing the needs of SMEs, ensuring a more seamless and tailored business transaction experience through the MoMo PSB.

Furthermore, the event was instrumental in introducing SMEs to the MoMo N40 Million Grant initiative. This program is designed to incentivise active merchants who actively transact on their MoMo wallet. The grant will encourage increased engagement and participation among SMEs while fostering a mutually beneficial relationship between MoMo PSB and its users. This strategic effort solidifies MoMo’s commitment to supporting and empowering SMEs within the business landscape.

 


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Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

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FG Expands 3MTT Programme Across the Country

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Dr Bosun Tijani, Nigeria’s minister of communications, innovation, and digital economy, has revealed that the federal government’s 3 Million Technical Talent (3MTT) programme has trained over 135,000 citizens as it moves from pilot to national level.

Tijani announced this in an update on the program’s success, stating that the beneficiaries were trained in three batches.

He also stated that the initiative’s community-based learning tools had provided over 300,000 extra learners with access to digital skills training across the country.

According to the minister, the program has also enabled the creation of about 15,000 job, entrepreneurship, and career development in Nigeria’s developing digital economy.

He further revealed that more than 1.8 million Nigerians are currently in the 3MTT pipeline, as the government works toward its target of equipping three million citizens with in-demand digital skills aligned with local and global labour market needs.

As the programme enters its scale-up phase, Tijani said the government’s focus will shift toward deepening impact rather than just expanding numbers.

Key priorities, he explained, include strengthening the 3MTT alumni community, widening access to economic opportunities and ensuring that skills acquired through the programme translate into measurable outcomes such as jobs, business creation and innovation.

To support this phase, the federal government has introduced the #3MTTImpactChallenge, an initiative aimed at assessing the programme’s real-world impact

Through the challenge, fellows and partners are invited to share personal stories on how 3MTT has shaped their professional journeys as part of a National Impact Reflection exercise.

Participants are expected to share their experiences across social media platforms, with selected winners set to receive prizes including laptops, e-tablets, data bundles and other incentives.


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MTN Foundation Trains 2,000+ Young Nigerians in ICT for SME Growth

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MTN Foundation has kicked off the seventh phase of its ICT business skills training programme, targeting more than 2,000 entrepreneurs, mostly from Nigeria’s small and medium-scale enterprises (SMEs), in support of the Federal Government’s National Digital Economy and SME Development agenda.

MTN Foundation Trains 2,000+ Young Nigerians in ICT for SME Growth

MTN Foundation

The virtual training’s first week ran from Monday, January 5, to Friday, January 9, 2026. It equips small business owners and aspiring entrepreneurs with simple digital tools to shift from paper-based operations to efficient, productivity-boosting systems.

Business analyst Babajide Jolaolu-Kehinde, moderated by Temiloluwa Oyekanmi, programme and partnerships lead, introduced the SWOT framework—Strengths, Weaknesses, Opportunities, and Threats—to guide participants in assessing and improving their businesses.

Jolaolu-Kehinde stressed digital record-keeping, online payments, and customer data tracking for measurable growth, aligning with government efforts to formalise SMEs. “Hope is good, but action and systems make growth happen,” he said.

Trainers showcased real-world examples: traders using handwritten ledgers expanded reach via WhatsApp Business, online marketplaces, and spreadsheets; others grew by accepting mobile transfers over cash and digital orders to tap distant markets.

Manual operations limit sales visibility and customer insights, experts noted, while digital tools deliver real-time data, cut errors, and unlock broader markets.

Participants must adopt at least one digital tool post-onboarding, with organisers promising follow-up workshops and mentorship. The four-week programme aims to bolster SME growth and Nigeria’s economic goals.


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Spacecoin Secures Licenses to Roll Out Satellite Connectivity in Nigeria, Kenya

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Spacecoin, US-based, has announced the signing of recent agreements with local authorities and operators to launch satellite connectivity pilot projects in Africa.

Spacecoin Secures Licenses to Roll Out Satellite Connectivity in Nigeria, Kenya

The initiatives, focused on Kenya and Nigeria, aim to serve areas where terrestrial networks remain limited or unavailable.

n Kenya, Spacecoin has obtained a transmission license from the Communications Authority, allowing it to test satellite-based solutions for connectivity and Internet of Things (IoT) monitoring, particularly in rural and peri-urban areas with limited internet access.

According to the Kenyan regulator, internet penetration remains below 50% of the population, despite mobile penetration exceeding 130%.

In parallel, the company is continuing operations in Nigeria under an existing license issued by the Nigerian Communications Commission (NCC).

This authorization supports initiatives aimed at delivering affordable broadband connectivity to isolated and underserved communities.

Spacecoin’s approach is based on a decentralized satellite network using nanosatellites in low Earth orbit (LEO).

Combined with blockchain-based protocols, this architecture is intended to offer more flexible and cost-effective connectivity services than traditional networks, while also enabling the integration of IoT solutions for a range of uses, from smart agriculture to infrastructure monitoring.

These projects are part of a broader strategy to help narrow Africa’s digital divide, where a significant share of the population still lacks access to reliable internet services.

Satellite technology is increasingly viewed as a complement to terrestrial infrastructure, particularly in hard-to-reach areas where deployment costs and geographic constraints remain high.

Beyond Africa, Spacecoin is also running pilot projects in Asia, working with local partners to test the viability of its model across different regulatory and geographic environments.

According to the company’s management, growing interest from regulators reflects a shift toward solutions capable of reaching populations that have long been excluded from internet access.


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