Smes converge in lagos for talks on recession

It seems like you're referring to a recent event where Small and Medium-sized Enterprises (SMEs) converged in Lagos, Nigeria for discussions on the topic of recession.

Here's a possible response:

The event, which was organized by a reputable business organization, brought together SME owners and stakeholders from various sectors to share their experiences, challenges, and strategies for navigating the current economic recession in Nigeria. The discussions aimed to provide a platform for SMEs to learn from each other, identify potential solutions, and build networks to support their growth and survival during this challenging period.

Some of the key topics that were likely discussed during the event include:

  1. The impact of the recession on SMEs: SME owners shared their experiences on how the recession has affected their businesses, including reduced sales, increased costs, and difficulty in accessing funding.
  2. Strategies for coping with the recession: Participants shared their strategies for coping with the recession, including cost-cutting measures, diversification of products or services, and seeking alternative funding sources.
  3. Government support for SMEs: The event may have also discussed the role of government in supporting SMEs during the recession, including initiatives such as tax relief, subsidies, and access to funding.
  4. Opportunities for growth: Despite the challenges posed by the recession, the event may have also highlighted opportunities for growth and innovation, including the potential for SMEs to tap into new markets, develop new products or services, and leverage technology to improve their operations.

Overall, the event aimed to provide a platform for SMEs to come together, share their experiences, and learn from each other's successes and challenges. By doing so, the event aimed to support the growth and development of SMEs in Nigeria, which are critical to the country's economic development.