eTranzact, EDC move to survey MSMEs’ readiness on AI

A fintech company, eTranzact and the Enterprise Development Centre (EDC) of the Pan Atlantic University, have entered into a partnership to carry out a survey in order to ascertain the level of knowledge and readiness of operators of Micro, Small and Medium Enterprises (MSMEs) towards Artificial Intelligence (AI). At the launch of the partnership at […]

A fintech company, eTranzact and the Enterprise Development Centre (EDC) of the Pan Atlantic University, have entered into a partnership to carry out a survey in order to ascertain the level of knowledge and readiness of operators of Micro, Small and Medium Enterprises (MSMEs) towards Artificial Intelligence (AI).

At the launch of the partnership at eTranzact’s office in Lagos, the Managing Director/CEO of eTranzact International, Mr Niyi Toluwalope, told newsmen that the partnership promised to shape the future of the Nigerian economy as the results obtained from the survey would be useful to the government at both state and federal levels; to policy makers, investors, industry watchers and other strategic stakeholders who would use the information for planning, decision making and policy design.

He said, “Today, we are igniting a movement that will prepare our Small and Medium Enterprises (SMEs) and Micro, Small and Medium Enterprises (MSMES) for the rapidly evolving world of Artificial Intelligence (Al). Our collaboration with the Enterprise Development Centre (EDC) to champion the Al Readiness Survey is a testament to our commitment to driving innovation and ensuring that no business is left behind in this digital era.

“As a catalyst for national development and an equalizer, Al represents the next frontier in this ongoing revolution. By assessing the readiness of our SMEs and MSMES for Al integration, we are laying the groundwork for a future where Nigerian businesses can compete on a global scale.”

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On his part, the Director for Programmes and Partnerships at EDC, Dr Olawale Anifowose, said that given the ever dynamic business environment with modern technology, it was imperative for Nigeria to join the rest of the world to embrace AI given the enormous benefits embedded.

Anifowose disclosed that new products would be developed, adding, “We have a pool of entrepreneurs of over 300,000 which covers all the sectors in Nigeria in this exercise. And we are very optimistic about it.”

The African Director of Global AI Council, Freda Anyanwu, assured MSMEs of boosting their knowledge in AI irrespective of their spheres of operations and the limitations they were facing.