Startup - January 19, 2021

200 Nigerian MSMEs Selected to Participate in MTN’s Accelerator Programme

January 19, 2021

3 min read

MTN Nigeria Communications Plc has unveiled 200 Micro, Small and Medium Enterprises (MSMEs) as the participants in its accelerator programme tagged Y’ello 200.

A statement seen by Business Elites Africa noted that the 200 MSMEs were selected from participants in the telco’s Revv Programme which was launched last year and aimed at helping MSMEs to overcome some of the challenges posed by the COVID-19 pandemic, whilst addressing other needs.

The Y’ello 200 participants were unveiled during the recently-held closing ceremony for the Revv Programme participants. They will now undergo further upskilling to be tutored by a select group of industry experts, including MTN executives. A total nine masterclasses will be delivered, even as the participants will be availed access to a broad range of tech-driven tools and services.

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While congratulating the selected 200 participants of the accelerator programme, MTN Nigeria’s Chief Eterprise Business Officer, Lyda Saint-Nwafor, said:

“These 200 MSMEs were selected based on their performance and polls during the masterclasses. With MSMEs accounting for 94% of all businesses in Nigeria and 84% of employment, it is a known fact that when MSMEs thrive, the economy thrives. Our goal is to empower MSMEs with the tools to make them thrive in today’s digital economy. The Revv Programme has not ended but enters into its next phase.”

The Chairman of the Small and Medium Enterprise Development Agency of Nigeria (SMEDAN), Otunba Femi Pedro, also congratulated the MSMEs that were selected to participate in the accelerator. He also noted that “it is our desire that the knowledge gained will position your business to be stronger and better in the coming years. Once again, I thank MTN for this laudable initiative. We also use this opportunity to charge this great company that much more is expected to thoroughly empower the millions of MSMEs in Nigeria”