Introduction
The Small and Medium Enterprises Development Agency of Nigeria has announced a new partnership with Payxy to help small businesses in Nigeria grow through e-commerce.
The partnership was announced during the official launch of Oloja by Payxy in Lagos on Tuesday, May 12, 2026.
The initiative is aimed at helping Nigerian small and medium-sized businesses sell products online more easily and reach more customers.
What the Partnership Means
According to SMEDAN Deputy Director, Bunmi Kole-Dawodu, the agency plans to sign a Memorandum of Understanding with Payxy to support SMEs across Nigeria.
He explained that many small businesses struggle with market access and visibility. The new platform is expected to solve this challenge by giving businesses virtual online shops where they can display and sell their products.
Kole-Dawodu said the platform also provides additional business tools that can help entrepreneurs manage their operations better.
Features of Oloja by Payxy
The Oloja by Payxy platform is designed to support small business owners with several important tools in one place.
Some of the features include:
- Online shop creation
- Inventory management
- Record keeping
- Digital payment solutions
- Customer access tools
Business owners can create their own online storefronts and share product links with customers easily.
According to SMEDAN, the platform will help businesses improve their digital presence and increase sales opportunities.
Payxy Speaks on the Innovation
Speaking during the launch event, Damilola Adeniji, the Marketing Manager of Proximaforte Ltd, described the platform as a major innovation for Nigeria’s e-commerce sector.
He said the goal is to make online selling easier for businesses while helping brands gain more visibility online.
“We are giving brands a platform to drive visibility and the ease of selling online with just a link,” Adeniji said.
He also stated that the platform focuses on secure payments and data protection for users.
Why This Matters for Nigerian SMEs
Small and medium-sized businesses play a major role in Nigeria’s economy, but many still face challenges with online sales and digital tools.
The partnership between SMEDAN and Payxy is expected to help more entrepreneurs move into the digital economy and compete in the growing online marketplace.
Experts believe platforms like Oloja by Payxy could help Nigerian businesses:
- Reach more customers
- Increase sales
- Improve business management
- Expand beyond physical locations
- Compete in global markets
Conclusion
As digital commerce continues to grow in Nigeria, partnerships like this may create more opportunities for entrepreneurs and small business owners.
With support from SMEDAN and innovations from Payxy, Nigerian SMEs could gain better access to online markets and modern business tools needed for long-term growth.