The welcome event of the National SME Conference last night celebrated the talent and innovation of Nigeria’s fashion and foodpreneurs, featuring a vibrant fashion show that captured the creativity of small and medium-sized enterprises (SMEs) across the country. The event provided a platform to showcase the depth of entrepreneurial talent within the NSE ecosystem, while also emphasizing the broader economic significance of these sectors.
Fashion and SMEs: Driving Employment and GDP Growth
The fashion industry in Nigeria is not only a cultural expression but also a major contributor to the national economy and labour market. According to recent estimates, the fashion sector contributes significantly to Nigeria’s GDP, generating employment opportunities for thousands of artisans, designers, tailors, and logistics providers. By showcasing the work of talented fashion entrepreneurs, the conference highlights the role of SMEs in job creation, skill development, and wealth generation across the country.
The foodpreneur segment of the event also underscores the importance of the culinary and agribusiness sectors in employment creation and value chain development, offering opportunities for small-scale producers, suppliers, and service providers to participate in national and regional markets.
Government Support and Strategic Initiatives
At the event, Dr. Jumoke Oduwole, Honorable Minister of the Federal Ministry of Industry, Trade and Investment (FMITI), reaffirmed the Ministry’s commitment to boosting initiatives like “Made in Naija” and “Wear Naija.” These platforms aim to expand market access for MSMEs, attract investment, and enhance Nigeria’s visibility as a hub for high-quality, locally produced goods in West Africa and beyond.
By connecting entrepreneurs with investors, policymakers, and industry stakeholders, the National SME Conference serves as a catalyst for economic growth, helping small businesses scale operations, create more jobs, and contribute meaningfully to Nigeria’s GDP.
Looking Ahead
The conference reinforces the importance of supporting SMEs, particularly in creative industries like fashion and food, which have immense potential to transform the labour market and strengthen Nigeria’s economy. As government, private sector, and entrepreneurs continue to collaborate, these industries are poised to play an even greater role in sustainable development, export growth, and employment generation.
📸 Photo credit: @okeoluwasegun
