An e-learning platform on financial literacy and entrepreneurship for Entrepreneurs and MSMEs unveiled

SMEsabi Press Release

[Abuja, Nigeria]: SMEsabi (www.smesabi.com) is a new e-learning platform on financial literacy and entrepreneurship designed by the The Pro-Poor Growth and Promotion of Employment in Nigeria programme- SEDIN (a programme by the German Development Cooperation, GIZ) in collaboration with the Federal University of Technology, Minna (FUT Minna) for entrepreneurs and MSMEs (Medium, Small and Micro-sized Enterprises) in Nigeria.

MSMEs are pivotal towards alleviating the rising unemployment rate in Nigeria, which has reached 35% (the highest in over a decade) and projected to further escalate to 40%. However, business trends show that about 20% of MSMEs fail in the first year, half succumb to business failure within five years and by the 10th year, only about 33% survive. The chances of survival of MSMes can be improved with access to comprehensive and professional business support tools for the business owner and employees.

Based on the above, the goal of SMEsabi is therefore to equip entrepreneurs in Nigeria with the knowledge to improve their income earning potential, business capacity, acumen, and ultimately make smart money decisions.
SMEsabi currently has the following courses available:

  1. Basic Financial Literacy
  2. Advanced Financial Literacy
  3. Financial Literacy Trainer
  4. Entrepreneurship Fundamentals

An entire course can be completed within 24 hours, after which applicants receive a certificate acknowledged by the German Development Cooperation (GIZ) and the Federal University of Technology of Minna.

Currently over 3,000 Nigerians have registered on SMEsabi.com with over 800 certificates awared upon completion of a course.

The e-learning portal is free of charge and available on desktop and mobile devices from www.smesabi.com and can also be accessed using the Moodle app. This can be done in Six (6) simple steps as follow:

  1. Go to playstore
  2. Search for moodle app
  3. Download and install app
  4. Launch app
  5. Input URL www.smesabi.com/lms
  6. Access courses

About GIZ-SEDIN: The Pro-Poor Growth and Promotion of Employment in Nigeria programme- SEDIN is part of the sustainable development cluster of Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH that promotes economic development and employment.

The programme’s overall objective is to improve the employment and income situation of micro, small and medium-sized enterprises (MSMEs). To achieve its overall objective, SEDIN is working with private and public institutions to improve the framework conditions, business enabling environment and promote policies favouring MSMEs, employment, and local economic development. In addition, the programme is facilitating local economic development, strengthening selected value chains, fostering economic literacy and entrepreneurship competencies for start-ups and existing businesses, and improving the employment situation of returning and potential migrants. The specific needs of women are considered in all fields of action. The target groups of SEDIN are the owners and employees of MSMEs and members of other economically active low-income households.

One of the ways SEDIN is achieving this is by improving financial literacy through the SME sabi e-learning platform.

About the Federal University of Technology, Minna: The Federal University of Technology, Minna is a Federal Government owned University in Nigeria. It was established on 1st February 1983 to give effect to the Nation’s drive for the much-needed self-reliance in Science, Engineering and especially Technology.

As its mission, the university remains committed to training a skilled, innovative work-force that would transform Nigeria’s natural resources into goods and services driven by entrepreneurship and Information and Communication Technology (ICT), and to positively affect the economy and thus the quality of life of her people.

Contact us at:
SMEsabi Secretariat, Entrepreneurship Centre, Gidan Kwanu Campus FUTMINNA
smesabi@futminna.edu.ng
+234 703 562 1550
+234 813 336 2116

Jennifer Seydel
German Development Cooperation, GIZ
Jennifer.seydel@giz.de

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