Unexpected disruptions—whether economic, technological, or natural—can cripple a business. In Nigeria, SMEs face unique challenges such as unstable power supply, regulatory shifts, and market volatility. A well-designed business continuity strategy ensures organisations remain resilient in the face of these risks.

1. Conduct a Risk Assessment

Begin by identifying potential threats: supply chain interruptions, IT breakdowns, regulatory changes, and economic downturns. Risk assessment helps prioritise which threats require immediate planning.

2. Define Critical Business Functions

Determine which operations are mission-critical—such as finance, communications, and customer service. Protecting these functions ensures your SME can continue operating even during a disruption.

3. Develop Recovery Strategies

Create step-by-step recovery plans for each critical function. This may include alternative suppliers, remote work arrangements, or backup IT systems. SMEs in Nigeria should also factor in infrastructural risks like internet and power supply.

4. Build a Communication Plan

During a crisis, clear communication with employees, clients, and stakeholders is essential. Assign communication leads and establish channels (phone, email, social media) for consistent messaging.

5. Test & Update Regularly

A plan is only as good as its implementation. Regularly test your business continuity strategy through simulations and drills, updating as market conditions change.

Conclusion

Every Nigerian SME can benefit from a structured business continuity strategy. With risk assessments, recovery plans, communication frameworks, and regular testing, businesses stay resilient no matter the challenge.

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