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GoOnline Nigeria to Empower SMEs for Digital Age

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GoOnline Nigeria has announced the roll-out of its business growth programme for Small and Medium Enterprises (SMEs) across Nigeria to equip the ecosystem lead competitiveness in the Digital Age.

GoOnline Nigeria is a business growth programme for SMEs in Nigeria delivered by an alliance of Programme Partners and SME Growth Drivers across the technology, Internet, payments, financial services, media and allied industries.

Mr Foluso Busari, executive director of GoOnline Nigeria announced at a stakeholders’ retreat held in Lagos recently that the programme will aggregate Nigerian entrepreneurs and SMEs to lead and unlock business innovation, efficiency, competitiveness and profitability in the Digital Age.

GoOnline Nigeria is a 360-degree programme delivered in three key modules: Get Online, Grow Online and Succeed Online for SMEs across Nigeria to sell profitably on the Internet, while the official portal on www.goonline.ng has also been opened to the Internet community.

According to him, GoOnline Nigeria Programme Partners representing SME Growth Drivers in the technology, banking and financial services, media and other sectors have partnered with a shared vision to unlock entrepreneurial possibilities that foster innovation, job creation and overall economic growth across the SME ecosystem in Nigeria.

He said, “SMEs are a very important component of the Nigerian economy and are regarded as engine of sustainable growth. SMEs also hold potentials to contribute higher proportion to GDP in Nigeria with targeted initiatives like GoOnline Nigeria to unlock potentials in the sector and build a stronger SME sector. Consistent commitment to the development of strong SMEs sector can be unlocked by implementing initiatives like access to finance and financial incentives; basic and technological infrastructure and a commitment to building domestic expertise and knowledge.”

The GoOnline Programme Director also identified that the Nigerian SME ecosystem is very well positioned today with increasing telephony subscriptions and penetration across the country, which is also driving Internet access among a growing population of Connected Nigerians.

Official market information by the Nigerian Communications Commission (NCC) puts the telephony connections at 153,514,107 lines and Internet subscribers at 93,176,061 as at October 2016, “a trend that has enabled easier access to the Internet and social media services, he added.

Mr Busari also said that “the growing access is enabling easier channels for customer acquisition and retention as the Internet marketplace offers services that connect SMEs directly with customers.”

He stressed further that, “within the Nigerian macroeconomic environment, several initiative like the Local Content Policy, “Buy Nigeria” will further help SMEs harness compelling growth potential and like other emerging economies, are likely to constitute a significant portion of GDP in the near future.”

According to the Programme Director of GoOnline Nigeria, “our vision is to provide 21st Century IT and business resources for Nigerian entrepreneurs and SMEs to lead business innovation, business competitiveness and profitability in the Digital Age. GoOnline Nigeria will be sustainable into the foreseeable future by evolving SMEs that will be agile, sustainable, efficient, innovative and profitable by embracing the Internet for business.”

Under the plan, Mr Busari said that the GoOnline Business Growth Programme will be delivered for the following demographics:

SMEs that have no Internet presence at all and wish to start selling their goods and services online; SMEs that already have a website but are not recording online sales;

SMEs that sell online on third-party Markeplaces but do not have their own websites;

Market clusters across Nigeria with identified opportunities to embrace Internet to achieve business scale, operational efficiency and profitability;

Small businesses planning to open their own micro-enterprise or already run their own small business; Entrepreneurs interested in business but may or may not be familiar with basic business concepts;

Entrepreneurs that use some technology in their business or for personal purposes but do not maximize the use of technology in managing their business;

Entrepreneurs interested in learning how Internet and ICT tools can help them run their business.

Entrepreneurs interested in brief, practical and relevant hands-on training on Internet for Business.

Entrepreneurs interested in learning, exchanging ideas and networking with other entrepreneurs.

According to the GoOnline Programmes Director, the first phase will involve provision of affordable web presence bundling free Nigeria .ng Internet domain name, website, web hosting, telecoms starter kits for SMEs, e-commerce, CRM and other business management tools.

“This phase will demystify the Internet and other online business platforms for small business and provide affordable and effective websites to gain and retain new customers and also target online communities, demographics and market opportunities across the local Internet community”, Mr Busari explained.

Stage Two on Grow Online will provide SMEs across Nigeria with 21st Century IT and business skills for entrepreneurs to lead business innovation, operational efficiency, business competitiveness and profitability in the Digital Age.

This phase of the programme will incorporate targeted trainings, workshops and seminars spread over a one year cycle of monthly learning experiences to offer partner SMEs the needed skills and competence to gain and retain customers by leveraging the Internet.

According to Mr Busari, “more importantly, this phase also enable partner SMEs and merchants to unlock value propositions available from GoOnline Programme Partners and SMEs Growth Drivers to grow their businesses.”

This phased programme will feature online business communities, Monthly Learning & Networking Experiences, Quarterly and Annual Online as well as Physical Showcase Events, according to the GoOnline Nigeria Programmes Director.

“We are positive that GoOnline Nigeria will be the next wave for SMEs in Nigeria by creating a sustainable path to accelerate online revenue growth and profitability. The Programme will enable SMEs across Nigeria generate higher percentage of revenues from Internet storefronts to complement their physical storefronts”, Mr Busari added.

 

 


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Confronting the Google Monolith: Survival Strategies for Online Businesses

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By Reuben Kalu.

In the vast expanse of the digital realm, Google looms large, an omnipresent force shaping the way we navigate, search, and conduct business online.

From its humble beginnings as a search engine to its current status as a multifaceted tech behemoth, Google has entrenched itself deeply into the fabric of the internet.

Its influence is undeniable, its reach unparalleled, and its ubiquity seemingly inescapable. But can you truly run an online business without Google?

The answer, in today’s digital landscape, is a resounding no. You have no choice.

Google’s dominance extends across multiple facets of the online world, making it virtually impossible for businesses to thrive without engaging with its ecosystem.

From search engine optimization (SEO) to online advertising, email services to analytics, Google’s suite of products and services permeates every aspect of the online business landscape.

Attempting to operate without Google is akin to swimming against a relentless tide, fighting an uphill battle fraught with obstacles and limitations.

At the heart of Google’s influence lies its search engine, the gateway through which billions of internet users navigate the vast expanse of online content. .

Google’s search algorithms wield immense power, determining which websites rank prominently in search results and which languish in obscurity.

For businesses seeking to attract organic traffic and expand their online presence, optimizing for Google’s search algorithms is not merely advisable—it’s imperative.

But Google’s influence extends far beyond search. Consider Google Ads, the company’s advertising platform that enables businesses to reach targeted audiences through paid search, display, and video advertising.

With billions of searches conducted on Google each day, Google Ads provides unparalleled reach and visibility, allowing businesses to target potential customers with pinpoint accuracy.

Attempting to compete in the online advertising arena without leveraging Google Ads is akin to entering a battle unarmed—a futile endeavor destined for failure.

 

Moreover, Google’s suite of productivity tools, including Gmail, Google Drive, and Google Workspace, has become indispensable for businesses seeking to streamline their operations and enhance collaboration.

With seamless integration across devices and platforms, Google’s productivity tools offer unparalleled convenience and efficiency, empowering businesses to work smarter, not harder.

Attempting to eschew Google’s productivity suite in favor of alternative solutions is not only impractical but also unwise, depriving businesses of the tools they need to succeed in today’s fast-paced digital landscape.

Furthermore, Google Analytics stands as the gold standard for web analytics, providing businesses with invaluable insights into their online performance and audience behavior.

From tracking website traffic and user engagement to analyzing conversion metrics and customer demographics, Google Analytics offers a comprehensive toolkit for optimizing online marketing strategies and driving business growth.

Attempting to gauge online performance without leveraging Google Analytics is akin to flying blind, devoid of the critical data needed to make informed decisions and drive meaningful results.

But perhaps the most formidable aspect of Google’s influence lies in its role as a gatekeeper of information and access.

With billions of users relying on Google’s platforms and services each day, the company wields immense control over the flow of online traffic and the dissemination of information.

For businesses seeking to connect with customers and expand their reach, Google’s dominance presents both a tremendous opportunity and a formidable challenge.

Attempting to circumvent Google’s influence and establish an online presence independent of its ecosystem is a Herculean task, fraught with uncertainty and risk.

In essence, attempting to run an online business without engaging with Google is akin to swimming against a relentless tide, fighting an uphill battle fraught with obstacles and limitations.

While alternative platforms and solutions exist, none possess the ubiquity, reach, and influence of Google’s ecosystem.

To thrive in today’s digital landscape, businesses must embrace Google’s dominance and leverage its suite of products and services to their advantage. You have no choice.

In conclusion, Google’s pervasive influence permeates every aspect of the online business landscape, making it virtually impossible to escape its grasp.

From search engine optimization to online advertising, productivity tools to web analytics, Google’s ecosystem encompasses a vast array of products and services that have become indispensable for businesses seeking to succeed in the digital age.

While alternative solutions may exist, none possess the ubiquity, reach, and influence of Google’s ecosystem.

To thrive in today’s digital landscape, businesses must embrace Google’s dominance and leverage its suite of products and services to their advantage.

You have no choice.


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Hydrogen Hosts Catalyst Workshop, Highlights Resilient Business Models for Fintech Startups

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As part of its mission to empower African businesses with tools needed to thrive, garner admiration, and foster global acclaim, leading payment solution company, Hydrogen Payment Services Company Limited (Hydrogen), recently partnered with the Co Creation Hub (CcHub), to host the latest edition of the Catalyst workshop in Lagos.

The discourse addressed the potential risks and opportunities for startups and saw experts advise participants on the need to develop resilient business models that would scale across different economic climes.

Moderated by Miracle Ezechi, Digital Marketing Manager, Hydrogen, the panel session addressed dominant issues about the theme: ‘Adapting Fintech Business Models to Economic Climes: Flexibility, Agility and Customer-centricity’.

Mr. Emeka Awagu, Chief Technology Officer, Hydrogen, who spoke as a panellist, addressed the issue of customer-centricity, which according to him, is key to Fintech growth.

He advised startups to listen to customer demands and understand their needs in order to develop the right solutions that will lead to long term market viability.

“Innovation is key for startup growth. However, understanding customers’ needs and change in behaviour will help any startup to innovate better.

“Startups must be flexible and agile to develop solutions with high interoperability and processing speed, and they must be ready to learn from startups that have failed,” Awagu said.

With an estimated 61.07 percent of startups failing, the participants stressed the need for prudence.

“Statistically, a staggering number of startups fail, often due to financial mismanagement. Hence, founders must prioritise understanding and maintaining a healthy the Cost-to-Earnings ratio.

“It is not just a number, but a pivotal indicator of a company’s financial health as well as being a key attractiveness determinant for investors,” Awagu added.

On his part, Ina Alogwu, the Group Director, Digital Transformation, ARM HOLDCO, who also spoke as a panellist at the session, stressed the need for startups to develop sustainable products and solutions that will help them remain competitive in an environment that is faced with harsh economic realities.

“Many startup businesses fail within their first five years, however upcoming startups should not be discouraged, rather develop a culture that will encourage them to understand the reasons for failure and learn from mistakes.

“Startups should not be too rigid with their solutions and should be ready to accept changes that will drive innovation,” Alogwu stated.

Hydrogen will be deepening its economic impact series with a webinar planned for Thursday, April 25, even as businesses across Africa continue to face an array of challenges, ranging from inflation and currency fluctuations to rising operating costs.

Themed ‘Navigating Economic Challenges: Strategies for Sustainable Growth,’ the webinar will delve into key areas critical for businesses to not only survive but thrive in the face of economic adversity. Register using this link – https://bit.ly/Hydrogenwebinar.

Esteemed panellists for this event include Taofik Odukoya, CEO, Vanguard Pharmacy, and Okechukwu Odimgbe, Chief Financial Officer, Hydrogen. The session will be moderated by Nnenna Sam-Obioha, Ecosystem Orchestrator, Hydrogen.

 


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Dexude Secures Funding to Revolutionize Education in Nigeria, Beyond

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Dexude, a leading edtech platform with operations in Nigeria, has announced that it has been awarded the prestigious Business Finland TEMPO funding.

Dexude Secures Funding to Revolutionize Education in Nigeria, Beyond

Charles Emembolu, founder of Dexude,

This significant funding injection marks a pivotal moment in Dexude’s journey towards transforming education through its AI-powered, live-first, expert-led, and community-driven platform.

The Business Finland TEMPO funding is specifically designed to support startups and SMEs aiming for international growth by building their expertise and solutions into international success stories in innovative ways.

Dexude’s commitment to innovation, coupled with its vision to enable a billion learners worldwide, aligns perfectly with the objectives of the TEMPO funding.

Commenting on this milestone achievement, Charles Emembolu, founder of Dexude, remarked, “We are incredibly honored and excited to receive the Business Finland TEMPO funding. This funding is not only a validation of Dexude’s mission to reinvent education but also a testament to the hard work and dedication of our team. With this support, we are poised to accelerate our efforts in democratizing access to quality education and empowering learners across Nigeria and beyond.”

L-r; Kelvin Chikezie, co-founder of Dexude; Kashifu Inuwa Abdullahi, Director-General/CEO of the National Information Technology Development Agency (NITDA); and Charles Emembolu, founder of Dexude

Kelvin Chikezie, co-founder of Dexude, added, “Securing the Business Finland TEMPO funding is a significant milestone for Dexude. It underscores our commitment to leveraging technology and innovation to revolutionize the way people learn and grow. We are grateful to Business Finland for believing in our vision, and we are excited to embark on this next chapter of Dexude’s journey.”

Dexude is on a mission to redefine education by providing learners with access to influential experts and thought leaders, live interactions, and a vibrant community-driven learning experience.

Through its platform, Dexude aims to break down barriers to learning and empower individuals to pursue their passions and unlock their full potential.

 

 

 

 


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