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iProduce Africa to improve SMEs export capabilities in Nigeria

Islamic Development Bank sponsored iProduce Africa, an agribusiness center is striving to boost the operations and export capabilities of Small and Medium Enterprises (SMEs) in Nigeria.

iProduce Africa also seeks to take advantage of the government’s Zero-Oil Plan to build a blueprint for a strategic non-oil export-led economic diversification agenda.

According to a statement by Aisha Waziri-Umar, iProduce Africa will train Nigerian-owned agribusinesses and SMEs, especially young Agri-Entrepreneurs on the requisite technical skills on how to export their produce thereby integrating them into global food value chains.

“iProduce will also train the SMEs and Agri-Entrepreneurs on how to access finance, including non-interest funding, for their export activities”.“Agribusiness exports present a significant opportunity for job creation to absorb the youth bulge and improve the livelihoods of young people who make up the majority of the population.

“We are forming partnerships with the relevant government ministries and agencies and I’m confident that iProduce will play a vital role in the diversification of the Nigerian economy,” she said.

As part of an ongoing effort to make agribusiness export simpler and increase awareness of the available opportunities in the various global food value chains, iProduce Africa will on November 20, 2021, hold a training workshop for SMEs on the theme: *Accessing Non-Interest Finance For Agribusiness Exports*.

Experts will be engaged by iProduce to train and advise Agri-Entrepreneurs on how to take advantage of Nigeria’s non-interest banking windows to secure financing for the export of high-quality agric commodities, the statement noted.

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