Home Market Updates CWG 2.0 pitches tech solutions for SME sector

CWG 2.0 pitches tech solutions for SME sector

CWG 2.0 pitches tech solutions for SME sector
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Computer Warehouse Group, a Nigerian-based Information Technology company, is offering CWG 2.0, a subscription-based technology business solutions to help drive the growth of Small Medium Enterprises (SMEs) in Nigeria.[blockquote right=”pull-right” cite=”Austin Okere, Founder and Chief Executive Officer of CWG”]“With their own online stores and with the aid of enterprise resource planning, we will empower SMEs to be able to keep their own records. Then, they can present their records to get credits from the banks. With these loans, they can be able to expand their businesses. If they are able to expand their businesses, each of them can employ one more person. If each of them employs one more person, we will end up creating 17.7 million more jobs. The unemployment rate in Nigeria is about 23%, which amounts to about 16 million jobless youths. With this development, we will eradicate unemployment and have more jobs to spare”[/blockquote]

The business codenamed CWG 2.0 was announced by Austin Okere, Founder and Chief Executive Officer of CWG at the Annual General Meeting (AGM) of the company held recently in Lagos.

The subscription business model includes Openshopen, a website that affords shop owners open their own virtual store online and SMERP, an enterprise resource planning solution that will help business owners manage their business inventories on a subscription basis.

Openshopen will allow business owners to open their own online virtual stores which will give their businesses visibility leverages, Okere said explaining that “if a buyer searches for a shop that sells spare parts in your location online, for example, he can get to see your store address and get to buy from you without any stress, if you have registered your presence online.”

Moreover, the solution will democratize domain possession and give Micro, Small and Medium business owners the platform to compete with known online stores at cheaper rates, CWG believes.

Okere also noted that the business model will benefit the economy by creating employment generation avenues for SMEs estimated to number about 17.7 million Micro, Small and Medium Enterprises (MSME) in Nigeria.

“With their own online stores and with the aid of enterprise resource planning, we will empower SMEs to be able to keep their own records. Then, they can present their records to get credits from the banks. With these loans, they can be able to expand their businesses. If they are able to expand their businesses, each of them can employ one more person. If each of them employs one more person, we will end up creating 17.7 million more jobs. The unemployment rate in Nigeria is about 23%, which amounts to about 16 million jobless youths. With this development, we will eradicate unemployment and have more jobs to spare”, according to him.

 

 

Kayode Oladeinde Technology Journalist at Technology Times. Mobile: +234 (0) 7031526929

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