An online marketplace, Jiji, is set to partner with the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) in supporting local businesses by helping them thrive despite the economic climate.
Jiji stated that the collaboration is aimed at further empowering businesses and providing them with access to valuable resources and support, which has become a focus for Jiji as the business recognises the importance of supporting small and medium-scale enterprises.
In June 2023, the headline inflation rate rose to 22.79 per cent relative to May 2023 headline inflation rate, which was 22.41 per cent. Looking at the movement, the June 2023 headline inflation rate showed an increase of 0.38 percentage points when compared to May 2023 headline inflation rate.
The platform said: “our unique features and commitment to fostering direct connections between businesses and customers, is the force behind empowering entrepreneurs to maximise their resources, increase sales, and grow their businesses.”
The company also said it has removed intermediaries or middlemen involved in its business, thereby allowing business owners to have full control over their sales process and build trust with their clientele.
“Even with the challenging economic landscape characterised by soaring inflation, we want to stand as a catalyst for small businesses by eliminating commissions, fostering direct relationships, offering affordable promotion, and equipping entrepreneurs with the tools they need to thrive,” it pointed out.
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