Business development advocate Aduloju has urged Micro Small And Medium Enterprises MSMEs to capitalize on export opportunities as a strategy to strengthen Nigeria economy. Micro Small And Medium Enterprises MSMEs represent small scale businesses that contribute significantly to employment and national output.
Speaking at a trade development forum, Aduloju emphasized that diversification into international markets can reduce reliance on domestic demand fluctuations.
Export promotion agencies have identified agriculture, processed foods, textiles, and digital services as high potential sectors. Analysts argue that targeted support can enhance competitiveness and foreign exchange earnings.
Aduloju noted that compliance with international quality standards is essential for successful market entry.
Limited access to finance, inadequate infrastructure, and bureaucratic bottlenecks remain obstacles. Trade experts recommend capacity building programs to equip entrepreneurs with export documentation knowledge and logistics planning skills.
Strengthening MSME participation in global trade could help stabilize Nigeria balance of payments and create employment opportunities.
Policy makers are encouraged to simplify export procedures and provide incentives for innovation driven enterprises.
As Nigeria seeks sustainable economic growth, expanding export capacity among MSMEs is increasingly viewed as a strategic priority.
