Technical experts have been called upon to develop sustainable solutions that will serve different economic sectors in the country.

The call was made in Lagos at the fourth anniversary of Walure Capital, themed, Walure Tech Connect 23.

Managing Director, Walure Capital, Samuel Adeleye, speaking on the importance of leveraging technology for business growth, advised SMEs to adopt sustainable strategies and leverage technology for operational efficiency in their businesses.

He stated that technology-driven products, like IPOS, offer retail and SMEs businesses benefits, especially in terms of operational efficiency and scalable opportunities to grow their businesses.

“With IPOS, which we recently launched, retail and SMEs can take stock level, automatically apply tax to taxable goods, track products, product history, top performing products, customer’s purchase history, generate invoices, and store all information for future purpose, using a cloud-based technology.”

President, Association of Senior Staff of Banks, Insurance and Financial Institutions (ASSBIFI), Olusoji Oluwole, called on technology experts to adopt problem-solving strategies to build sustainable programmes.

Head of Product and Tech Innovation, ALAT, Solomon Ayodele, emphasised the need for developers to show integrity and be able to prove the worthiness of what is being developed.

Speaking on challenges faced by innovative companies, CEO, AFEN Blockchain group, Deborah Ojengbede, stated that a lot of innovative start-ups face regulatory and resource limitations.

“The regulatory clime is not usually in favour of startups; policies and policy implementers. There is also the problem of resources, which is not majorly finance but having the required skill sets,” she said.

General Manager, Walure Capital, Obafemi Okubanjo, said that to ensure survival of retail and small business owners in Nigeria, the firm plans to support 200 SMEs with ₦100,000 each.

“We will support 200 businesses that consistently use IPOS for six months with the sum of ₦100,000. IPOS is completely free with no charges or subscription fees. Also, businesses that consistently use IPOS for six months will have their businesses displayed for free on our LED billboard,” he added.

As part of their Corporate Social Responsibility (CSR), he said the firm presented a Tech Lab to Community Primary School, Magodo and would on November 18, hold Walure Fit, whicj focises on the well being and lifestyle of technology ecosystem.

Speaking on the challenges faced by innovative companies, CEO, AFEN Blockchain group, Deborah Ojengbede stated that a lot of innovative start-ups face regulatory and resource limitations.

“The regulatory clime is not usually in favour of startups; policies and policy implementers. There is also the problem of resource, which is not majorly finance but having the required skill sets,” she said.