Harnessing Green Technology: Innovative Solutions for Sustainable Growth in Nigeria’s SMEs
As Nigeria approaches 2025, there's a growing emphasis on sustainable business practices. Small and medium-sized enterprises (SMEs) are encouraged to embrace green technology, which includes renewable resources and processes to reduce environmental impact. Benefits for SMEs adopting green solutions include significant cost savings, a competitive edge, and access to eco-friendly funding. Implementing strategies like solar energy, biodegradable packaging, and energy-efficient machinery can enhance sustainability. Challenges such as initial costs and infrastructure issues can be addressed through phased implementation and collaboration with experts. Ultimately, adopting green technology is vital for the sustainable growth of Nigerian SMEs.