A workshop in Lagos highlights the role of fashion in Africa's creative economy, investment, and growth, with designers actively engaged in their craft. The scene captures the early morning efforts of a designer adjusting seams on fabric adorned with intricate patterns, emphasizing the significance of fashion in the continent's economic landscape.

According to Techpoint Africa, the Lagos State Employment Trust Fund (LSETF) has reported that over the past 10 years, it has disbursed more than 15 billion naira in loans to over 20,000 micro, small, and medium enterprises. Additionally, LSETF claims to have supported more than 82,000 small businesses through various capacity-building programmes.

Fidelity Bank Plc has reiterated its dedication to Nigeria's economic diversification by focusing on capacity building and export development. The bank hosted the 19th edition of its Export event to empower exporters and help them take advantage of opportunities presented by the African Continental Free Trade Area (AfCFTA).

Discussions about small and medium-sized enterprises (SMEs) in Nigeria have traditionally centered on access to finance. However, according to Nairametrics, funding alone is insufficient for driving the next phase of SME growth. Entrepreneurs are confronted with challenges such as high operational costs, evolving customer preferences, rapid technological advancements, and increased competition, indicating a need for a broader approach beyond just financial support.

The article from Nairametrics highlights ten tech brands developed in Nigeria that have successfully expanded their reach beyond the country, impacting markets across Africa and globally. It showcases the growth and influence of these locally built products and services.

The NCGC and SMEDAN have signed a Memorandum of Understanding (MoU) aimed at enhancing access to affordable loans and financing for Micro, Small, and Medium Enterprises (MSMEs) in Nigeria. This partnership is expected to contribute to economic growth and job creation in the country.