FG, ACCESS BANK PROMOTE AI SOLUTIONS TO SUPPORT MSME GROWTH

The Federal Government and Access Bank have partnered to promote the use of artificial intelligence (AI) tools among micro, small, and medium-sized enterprises (MSMEs) as part of efforts to improve productivity and drive business growth.

The initiative aims to help small businesses adopt digital solutions that can enhance operations, improve decision-making, and increase competitiveness in an increasingly technology-driven economy.

Stakeholders said AI can support MSMEs through areas such as customer engagement, financial management, data analysis, and process automation. They noted that improving access to digital tools will enable small businesses to overcome operational challenges and expand their market reach.

The partnership comes as Nigeria continues to focus on strengthening the MSME sector, which remains a major contributor to employment and economic activity. Industry experts believe technology adoption will be critical in helping small businesses remain competitive and achieve sustainable growth.

The government and Access Bank reaffirmed their commitment to supporting entrepreneurs through digital innovation, capacity building, and access to resources that can help MSMEs thrive in the evolving business landscape.