In a recent development, the National Productivity Centre (NPC) and the Pan African Association of Small and Medium Industries (PAOSMI) have formalized their partnership by signing a Memorandum of Understanding aimed at enhancing the growth of SMEs in Nigeria.
The signing ceremony for the MoU took place in Abuja as part of efforts to create a structured collaboration between the two organizations, focusing on driving productivity improvements and providing capacity-building opportunities for SMEs nationwide.
Under this agreement, NPC and PAOSMI have identified specific areas of cooperation to work together on, including joint capacity-building initiatives, knowledge sharing, advocacy and policy dialogues, information exchange, and the provision of technical support to SMEs in key areas such as productivity enhancement and technology integration.
This strategic partnership is expected to deliver tangible benefits to small and medium enterprises in Nigeria by equipping them with essential resources, assistance, and specialized knowledge to facilitate their growth and sustainability in a competitive market landscape.
By implementing collaborative projects and sharing best practices, NPC and PAOSMI aim to make a significant impact on boosting the productivity and overall success of SMEs across the country.