Business
Excite Enterprise launches in Nigeria to scale MSMEs to profitability
Lagos, Nigeria Excite Enterprise, a fully digital Business Development, and Enterprise solutions provider, has made its way into the Nigerian market with various simplified innovations, designed to lead Micro, Small, and Medium Enterprises (MSMEs) on the pathway to success and sustainability.
It is designed to facilitate solutions to the many problems faced by SMEs in terms of low productivity, inability to access funds, legal difficulties involved in business registration, and reaching the right customers through influencer marketing.
According to a Director at Excite Enterprise, Bolaji Okusaga, SMEs have faced a lot of problems in Nigeria especially in the area of funding and other logistics because the government cannot reach out to all of them, hence the urgent need for Excite Enterprise to lead the way to the development of the country’s economy through the proliferation of viable SMEs.
Okusaga, the CEO of Precise Platforms, said Excite will deliver on its promise to revamp the MSME sector through its partnership with organizations across countries that are willing to support entrepreneurs in the country.
Excite Enterprise, he explained, provides innovative services to develop and deepen markets for MSMEs, thus providing entrepreneurs across the business space an opportunity to reach consumers; boost brand names; sales; competitiveness; and improve rendered services. These businesses will not only be able to access funding to scale up their potentials, they will also have entry to a bigger market.
A director at Excise Enterprise and CEO of Mobinet, Hong Kong, Mr. Andrew Otiko asserted that the platform’s sole aim is to make life easy for SMEs through technology usage as he is of the firm belief that if the sector is well organized, there will be massive employment in the country.
He said, “Excite platform has the sole aim of using technology to make life easy for SMEs. It will also facilitate funding from some of our partners that are involved in providing grants and also facilitate other services that will mitigate challenges faced by MSME.
‘’The only way the economy can grow is by providing jobs to the citizenry which can only happen if we change the narrative for SMEs, if processes are in a place where things are simple, there will be massive employment opportunities for everyone if each SME can sustain its growth and recruit just one person.’’
On how the features can spread across the country, especially for those in the rural areas to be able to access the platform, Okusaga said those within that category will be able to pick the language they want when on the platform, which will make the communication easy to use for them.
Furthermore, Mr. Chinonso Ukwandu, the Chief Technology Officer said the platform has every feature needed for every SMEs to succeed as through navigating the website, each business owner can be able to meet agencies that can facilitate fund for it, do bookkeeping, build personal websites and engage influencers in marketing its products.
He said there is also a recruitment and training tool on the platform, where prospective employers can meet the right fit, and also facilitate training for the small business owners. He said the first edition of the training has been held and many more will happen before the end of the year.
About Excite Enterprise
Excite Enterprise came into being based on the need to leapfrog Africa’s development using Technology and Trade. The goal is to create Africa’s largest virtual market and help to actualize the potential of Africa’s vast informal sector. Excite Enterprise’s major focus is on providing business services for Micro, Small, and Medium businesses.
The Platform is a product of Excite Africa a partner business of Excite Incorporated which is a business facilitation platform that helps to optimize business performance by providing access to awareness campaigns, business finance, marketing channels, value creation, and process improvements.
In collaboration with a wide array of third party organisations and individuals, Excite Enterprise provides business management solutions. These services include the provision of a free e-commerce space for trading purposes, marketing services, business registration, and compliance services, training and recruitment as well as access to funding opportunities.
Additional information is available on https://www.exciteenterprise.com/.
*Day Two of Decentralized Intelligence 2024 V2: A Deep Dive into Blockchain, Web3, and AI
The second and final day of the Decentralized Intelligence 2024 V2, a Blockchain, Web3, and AI Summit, concluded with a workshop at the Civic Center, Victoria Island, Lagos. The two-day event, organized by the Blockchain Nigeria Users Group (BNUG) and sponsored by the Afriq Group of Companies, brought together leading minds in the tech, cryptocurrency, and artificial intelligence sectors.
Day two focused on a series of in-depth workshops that provided delegates with practical knowledge and insights into blockchain technology, cryptocurrency, artificial intelligence, and cybersecurity. Participants had the chance to engage directly with some of the industry’s most respected figures. Among them were Jesam Michael, CEO of Afriq Group of Companies; John Orakwe, an AI specialist; Dr. Paul Chima, a chiropractor with interests in tech and innovation; Ladi Willie, a business journalist at Channels TV; and Chimezie Chuta, Founder of BNUG and Chairman of the Nigeria Blockchain Payment Systems Council (NBPSC).
Each expert contributed to discussions that ranged from the future of blockchain in Africa to the intersection of AI and Web3 technologies. The sessions offered valuable opportunities for attendees to deepen their understanding of the rapidly evolving tech landscape, with a particular focus on the practical applications and implications of these technologies for the Nigerian market.
The Afriq Group of Companies, as the major sponsor, made a lasting impression during the summit. Jesam Michael, CEO of Afriq Group, delivered a thought-provoking speech that resonated with the audience. He began by expressing his appreciation to BNUG for creating a platform that fostered learning and collaboration within the tech community.
“I celebrate ideas,” Jesam Michael remarked, acknowledging the vision and effort behind the summit. “Let’s thank Mr. Chimezie Chuta and his team for putting up this wonderful idea, allowing crypto and tech lovers to come and learn for free. If this event had been organized by a foreign counterpart, this hall would have been overflowing with people because they support each other. Yet here in Nigeria, we find ourselves caught up in internal conflicts, cyberbullying, and character attacks.”
His address highlighted the importance of unity and support within Nigeria’s tech community, emphasizing the potential for growth if individuals could rally behind one another. Jesam Michael also underscored the role of technology in creating positive social impact, saying, “My thoughts are to see you stand tall, helping the less privileged, the widows, the aged men and women, and contributing to the economy of our country.” He reiterated his commitment to supporting initiatives that promote progress and development.
The second day concluded with an atmosphere of optimism and excitement about the future of blockchain, Web3, and AI in Nigeria. Participants left the summit with fresh insights and new connections, poised to apply what they had learned to their respective fields.
Chimezie Chuta, reflecting on the event’s success, thanked all partners, speakers, and participants for their active involvement. He emphasized that the mission of BNUG is to continue to create platforms for knowledge-sharing and collaboration, ensuring that Nigeria remains at the forefront of the digital revolution.
The Decentralized Intelligence 2024 V2 Summit not only showcased the depth of talent and expertise within the Nigerian tech community but also underscored the importance of fostering collaboration for the growth of blockchain and AI technologies. The Afriq Group of Companies’ involvement, especially, served as a testament to the power of strategic partnerships in driving the country’s digital transformation forward.
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