The initiative developed by Alerzo, in partnership with Mastercard and USAID, to carry out a digital transformation program aimed at empowering over 10,000 micro, small and medium enterprises in Southwest Nigeria, represents a major turning point in the region’s economic and entrepreneurial landscape.
Despite Nigeria’s progress in adopting digital technologies, MSMEs continue to face significant challenges, including complex supply chains, error-prone manual inventory management, and limited access to essential financial services. This collaboration aims to address these barriers by providing MSMEs with cutting-edge digital and financial solutions tailored to the local context, such as the B2B digital commerce platform Alerzoshop and the comprehensive digital payment and business management tool Veedez.
Beyond just digitalization, this collective effort also addresses critical challenges faced by MSMEs in Nigeria, such as low financial literacy and lack of awareness of the opportunities offered by technology to grow their businesses. With a focus on digital literacy training, with hands-on sessions and interactive activities, the program has equipped business leaders with the skills to leverage digital tools and innovative financing options, thereby improving operational efficiency and fostering sustainable growth.
Adewale Opaleye, CEO of Alerzo Limited, emphasizes the company’s commitment to both developing digital solutions and supporting MSMEs to acquire the digital skills essential to transform their businesses. This collaboration with major players such as Mastercard, USAID and the e-Trade Alliance reflects Alerzo’s commitment to connecting Nigeria’s MSMEs to a world where digital connectivity is integrated into their businesses, making them more sustainable and profitable.
Ultimately, this digital transformation program represents a significant step towards a more inclusive economy, where MSMEs have the tools and knowledge to thrive in an increasingly digitalized environment. It is an exemplary approach that illustrates the importance of innovation and collaboration in driving the economic and social development of businesses around the world.