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Bangladesh seeks collaboration with SMEDAN for SME development

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 Mr Masudur Rahman the Bangladesh High Commissioner to Nigeria has solicited the collaboration of the Small and Medium Enterprise Development Agency of Nigeria SMEDAN to explore opportunities in the nation s various sectors Rahman said this during a visit to the Director General of SMEDAN Mr Olawale Fasanya in his office on Monday in Abuja He said that the collaboration would help to grow the economies of both countries Rahman said that Nigeria and Bangladesh could collaborate in the textile pharmaceutical energy and Information Communication Technology ICT industries He said that Bangladesh had comparative advantage in most of the sectors while entrepreneurs in Nigeria could tap into experiences of their contemporaries in the country Rahman said the partnership would also improve the intra trade volume of both countries He noted that his country has experienced progress in micro economic growth Nigeria will be holding an SME multilateral platform event in October We look forward to enhancing the intra trade between the countries because there will be huge opportunities from the event As a diplomat bureaucrat I am convinced that entrepreneurs will find their way out to do meaningful businesses that can help the two economies and bring about growth Rahman said Responding Fasanya said that Nigeria s economy was similar to Bangladeshi economy The director general said that SMEs in the country had a lot to learn from their Bangladesh counterpart He said that the country would be hosting SME summit in October to facilitate exchange of ideas Fasanya said that both countries could collaborate in various areas to explore the benefits to the Micro Small and Medium Enterprises MSMEs The director general said that the proposed SME centre would help coordinate activities for exchange of ideas innovative technology and markets We have a lot to learn from you because you have been able to develop faster and in terms of economic variables in Bangladesh We will look at all areas that we can collaborate he said NewsSourceCredit NAN
Bangladesh seeks collaboration with SMEDAN for SME development

1 Mr Masudur Rahman, the Bangladesh High Commissioner to Nigeria, has solicited the collaboration of the Small and Medium Enterprise Development Agency of Nigeria (SMEDAN) to explore opportunities in the nation’s various sectors.

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2 Rahman said this during a visit to the Director-General of SMEDAN, Mr Olawale Fasanya, in his office on Monday in Abuja.

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3 He said that the collaboration would help to grow the economies of both countries.

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4 Rahman said that Nigeria and Bangladesh could collaborate in the textile, pharmaceutical, , energy and Information Communication Technology (ICT) industries.

5 He said that Bangladesh had comparative advantage in most of the sectors, while entrepreneurs in Nigeria could tap into experiences of their contemporaries in the country.

6 Rahman said the partnership would also improve the intra-trade volume of both countries.

7 He noted that his country has experienced progress in micro-economic growth.

8 ”Nigeria will be holding an SME multilateral platform event in October.

9 ”We look forward to enhancing the intra-trade between the countries because there will be huge opportunities from the event.

10 ”As a diplomat, bureaucrat, I am convinced that entrepreneurs will find their way out to do meaningful businesses that can help the two economies and bring about growth,” Rahman said.

11 Responding, Fasanya said that Nigeria’s economy was similar to Bangladeshi economy.

12 The director-general said that SMEs in the country had a lot to learn from their Bangladesh counterpart.

13 He said that the country would be hosting SME summit in October to facilitate exchange of ideas.

14 Fasanya said that both countries could collaborate in various areas to explore the benefits to the Micro, Small and Medium Enterprises (MSMEs).

15 The director-general said that the proposed SME centre would help coordinate activities for exchange of ideas, innovative technology and markets.

16 ”We have a lot to learn from you because you have been able to develop faster and in terms of economic variables in Bangladesh.

17 ”We will look at all areas that we can collaborate,” he said.

18 NewsSourceCredit: NAN

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