Afreximbank and Lagos State Empower 253 SMEs

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By Paulinus Sunday

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Afreximbank (Africa Export Import Bank) and the Lagos State Government have officially celebrated the Graduation and Closing Ceremony of the Afreximbank / Lagos State Export Readiness Training Programme.

The event marked a key milestone for 253 small and medium enterprises (SMEs) in Lagos, now equipped with knowledge and tools to expand into regional and global markets.

The ceremony was attended by representatives from Afreximbank, including Mr. Alain-Thierry Mbongue Ebollo, Regional Chief Operating Officer, and Mr. Ody Akhanoba, Director of SME Development, alongside Hon. Folashade Bada Ambrose-Medebem, Honourable Commissioner for Commerce, Cooperatives, Trade and Investment, Lagos State. The partnership reaffirmed the shared goal of empowering African businesses with finance, skills, and market access.

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Speaking at the event, Mr. Mbongue called on the graduates to embrace opportunities presented by the African Continental Free Trade Area (AfCFTA). He stated, “You are more than just graduates today. You are ambassadors of African enterprise. You are job creators. You are innovators. You are the industrial champions who will help move our continent from an exporter of raw materials to a producer of finished goods and world-class brands.”

He encouraged the SMEs to carry confidence and responsibility into their journey, saying, “Made in Africa must become a global mark of quality and pride.”

In addition to the graduation, Lagos State announced that 20 outstanding SMEs will be showcased at the upcoming Intra-African Trade Fair (IATF 2025) in Algiers. This initiative underscores the importance of connecting businesses to international trade opportunities.

Afreximbank emphasized its long-term support for entrepreneurs, noting that SMEs remain the backbone of Africa’s economic growth. “At Afreximbank, we stand firmly with SMEs, the engine of Africa’s future growth and will continue to provide the platforms, tools, and financing they need to thrive,” the bank stated.

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