The diversification and development
of the Nigerian economy is very much dependent on the growth of its manufacturing
industry. When the productive sector is
vibrant and active, Nigeria and Nigerians will ultimately benefit. For example,
the employment potentialof a vibrant manufacturing sector for the country’s
citizensisenormous. It is therefore clear that stimulating the
industrialization of Nigeria will accelerate the growth of the economy and the
welfare of its people.
To achieve robust industrialization
and sustainable economic growth, it is generally acknowledged that SMEs play a critical
role. SMEs typicallyoperate with low amountsof capital and yet produce an
enormous amount of the products used within a country. Countries that successfully
support the effort of their SMEs to produce quality products are generally able
to raise the standard of living of citizens within their country. These
countries also succeed in getting their citizens to export such goods and this
results in additional income for both the country and its people.
SMEs in Nigeria face numerous
challenges. The FATE Foundation’s Research Report - Mapping Study of Nigeria’s
Entrepreneurship Ecosystem - identified and grouped the challenges into seven
main headings. These are (i) Policy & Regulation, (ii) Capacity Building, (iii)
Access to Finance, (iv) Access to Markets, (v) Access to Resources, (vi) Business
Support and (vii) Research and Development. Policy & Regulation has to do
with the myriad challenges SMES face with dealing with regulatory and statutory
bodies and government at all levels. Capacity building has to do with the
challenges of the perennial shortage of talented and motivated staff as well as
the personal limitations of the business owners themselves. Access to Finance
has to do with the challenges faced because of the limited financial resources
SMEs have and the difficulties experienced in unlocking capital from Nigerian
financial institutions. Access to Markets has to do with the challenges of
getting the SMEs’ products to customers as well as the difficulty in marketing
and expanding the customer base, particularly those that are willing to pay. Access
to Resources has to do with the challenge of knowing about and getting
available helpwithout having to reinvent the wheel and getting it cost
efficiently. Business Support has to do with the challenges of getting
professional support or advisory services to navigate the competitive landscape
as the SME tries to grow. Research and Development has to do with accessing
knowledge and resources of institutions and corporate bodies that are set up to
mentor and support the growth of SMEs and meeting their requirements.
Offshore Dimensions Limited’s
ParkerStore can become a valued partner to SMEs in handling these challenges
and growing their business. The Offshore Dimensions ParkerStore is a one-stop shop
forindustrial, hydraulic, pneumatic and filtration products made by Parker
Hannifin, the global leader in motion and control technologies and systems. Parker’s
expertise spans the core motion and control technologies – electromechanical,
hydraulic and pneumatic – as well as a full complement of fluid control
systems; software and electronic controls; filtration systems; and
refrigeration, instrumentation and sealing technologies. Parker’s nine
technologies support 1,200 markets worldwide including Air conditioning, Agriculture,
Food Processing, Factory automation, Packaging machinery, Plastics machinery, Paper
machinery, Textile, Marine Transportation, Industrial machinery, Process, Oil
& gas, Food & beverage, Bulk chemical handling, Welding, Fuel & gas
delivery, Road Transportation, Construction machinery, Truck hydraulics, Power
generation & energy andMining.
The ParkerStore provides
guaranteed access to quality and global standard equipment and components for
SMEs that require high quality equipment and components for their manufacturing
or production facilities. The ParkerStore also saves money and time as over
3000 items are available locally for immediate use, reducing the need for
expensive foreign exchange that have volatile rates as well as reducing the
expensive downtime that can result from having to wait for items to be
imported. The ParkerStore can thus become a valuable partner to SMEs who have
to grapple with limited access to finance as well as limited access to
resources.
The ParkerStore is also a boost
for SMEs when it comes to capacity building as it provides training and
workshops for building skills, for operating and maintaining equipment cheaply
and reliably as well as for improving and upgrading manufacturing and
production processes so they can operate more energy efficiently and at lower
cost.ParkerStore employees are professionals trained to attend to customers and
provide solutions to problems. They can be counted on to provide the support
that SMEs need to grow their business and accelerate the industrialization of
Nigeria.
The advantages of the Offshore
Dimensions ParkerStore to SMEs in Nigeria are numerous. It will not only
support achieving the profitability of the SMEs, it will also ensure they are
able to grow sustainably. Offshore
Dimensions looks forward to being able to provide support to Nigerian SMEs as a
committed partner to their development and thus also support the development of
the nation. You can visit us at the Offshore Dimensions ParkerStore at Plot
14a, Block 53, Adebayo Doherty Road, Lekki Phase 1 Estate Lagos. You can also contact
us at info@offshoredimensions.com or call us on +234-909-482-1641.
The Offshore Dimensions
ParkerStorelooks forward tobeing a partner to Nigerian SMEsinachieving
their growth.
Engr Seun Faluyi, FNIMechE,
FNISafetyE,
Managing Director
December 20, 2017
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