CSAAE Equipped Traders at Alaba International Market Imo State with Fintech Skills and Financial Security Skills.
Artisans and small businesses are crucial drivers of Nigeria’s economy, contributing significantly to job creation and economic growth. Yet, many traders and SMEs face challenges in managing finances securely and effectively.
SMEs and artisans often struggle with financial literacy and digital services. Recognizing this, CSAAE’s DSEP focuses on closing the financial inclusion gap by offering hands-on training that empowers traders to leverage fintech solutions for their businesses.
With the Coca-Cola Foundation’s backing, CSAAE through its DSEP project, visited the Alaba International Market in Imo State,were such knowledge is critical for sustainable growth.
The training at Alaba International provided essential financial security tips, tailored to the needs of traders who handle frequent financial transactions. The sessions covered key areas such as:
Traders learned how to protect both personal and business accounts by avoiding sharing sensitive information and using strong passwords. They were introduced to mobile banking apps and digital payment platforms to simplify transactions and improve security.
Traders were educated on recognizing and preventing fraud, particularly scams like phishing, and locking their various bank accounts in the event of fraud using their phones with stickers containing the various account blocking codes of the various banks given to them to stick to their walls for reference sake.
They were also taught the importance of cash flow management,, and long-term financial planning was emphasized to support business growth.
The fintech training empowered participants to embrace safer and more efficient financial practices, with many traders excited to implement digital solutions.
CSAAE plans to expand this initiative across Nigeria, promoting financial inclusion and helping SMEs and artisans thrive in the digital economy. Through fintech education, CSAAE is building a more secure, prosperous future for Nigeria’s small businesses.
