A Lagos summit threw industry players and government types together to figure out why small businesses keep getting wrecked instead of actually growing into real competitors. The SMEDAN manager for Lagos said shoppers voting with their wallets for foreign stuff basically murders any chance the currency has at staying stable, and central bank moves alone do nothing without people buying what gets made locally.
Panels covered how heritage products could scale up without losing their vibe and why logistics plus energy costs keep choking out manufacturers. Winners walked away with a million naira prize for running the only fully integrated garment operation in the country. Everybody agreed producers have the creative juice to compete abroad, but lack the infrastructure and predictable conditions to make it happen.
Panels covered how heritage products could scale up without losing their vibe and why logistics plus energy costs keep choking out manufacturers. Winners walked away with a million naira prize for running the only fully integrated garment operation in the country. Everybody agreed producers have the creative juice to compete abroad, but lack the infrastructure and predictable conditions to make it happen.
