A partnership has been formed between the Pan Atlantic University’s Enterprise Development Centre (EDC) and eTranzact, a fintech company, to conduct a survey aimed at determining the degree of awareness and preparedness of Micro, Small, and Medium Enterprises (MSMEs) operators regarding Artificial Intelligence (AI).
The Managing Director/CEO of eTranzact International, Mr. Niyi Toluwalope, told BrandSpur national news desk that the partnership’s launch at eTranzact’s office in Lagos that the partnership promised to influence the course of the Nigerian economy because the survey’s results would be helpful to both state and federal governments, as well as to investors, policymakers, industry observers, and other strategic stakeholders who would use the data for planning, decision-making, and policy design.
Toluwalope had this to say: “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,” he added.
Dr. Olawale Anifowose, the Director of Programs and Partnerships at EDC, stated that Nigeria must adopt AI along with the rest of the globe due to its many advantages in the ever-evolving commercial landscape of contemporary technology.
“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,” said Anifowose, revealing that new products will be created.
However, regardless of their fields of business or the obstacles they face, MSMEs may increase their AI knowledge, according to Freda Anyanwu, the African Director of the Global AI Council.
