Connect with us

Olawale Fasanya

  •  The Small and Medium Enterprises Development Agency of Nigeria SMEDAN is holding an opportunity fair for Micro Small and Medium Enterprises MSMEs in Plateau to explore untapped opportunities in the non oil sector Speaking at the event on Tuesday in Jos Mr Olawale Fasanya the Director General of SMEDAN said that the fair was aimed at showcasing the products of MSMEs in the state The opportunity fair is organised annually to explore the untapped opportunities in the non oil sector in order to boost the nation s economy Fasanya said that the fair was to further create opportunities for MSMEs in the state to thrive particularly in the post COVID 19 era The opportunity fair which is an annual event usually implemented in the North and South Geo political zones of the country is to further enhance Nigeria MSMEs prominence competitiveness and development The decision to have the second leg of the 2022 edition of the opportunity fair in Jos is therefore not only deliberate but also very auspicious most especially in this post COVID19 pandemic era Also the dwindling resources from oil and the need to explore several economic opportunities that have largely remained untapped necessitated the need for the agency to use the fair to deepen the MSME scope in the state Essentially the opportunity fair is initiated to provide opportunities that the fair usually open up for them as it presents platform for business to business and business to public sector enabling institutions networking he said Fasanya said that the fair was purposely designed to create access to market linkages networking and access to critical business information required for MSMEs growth and development As important as this sub sector is to the overall wellbeing of our national economy it is bedevilled by some challenges that does not allow for some of the new enterprises to survive their third year anniversary Understanding that access to market is one of such challenges SMEDAN has over the years assiduously worked to ensure that this issue is gradually addressed through the MSME opportunity fairs Essentially the fair is designed to provide opportunities for exhibition of goods and products by participating MSMEs he added Fasanya said that the fair would also provide opportunities for critical MDAs that are MSMEs enablers or regulators to freely interact with MSMEs operators The D G thanked Plateau government for its support to the agency toward the growth of MSMEs in the state Declaring the event open Gov Simon Lalong thanked SMEDAN for organising the event and all it had been doing toward supporting young entrepreneurs in the state The governor represented by the Prof Danladi Atu the Secretary to the State Government further commended the agency for the efforts and modalities put in place in creating job opportunities in the non oil sector Lalong promised to support and cooperate with the agency in toward boosting the economy of the state and the country in general NewsSourceCredit NAN
    SMEDAN holds MSMEs opportunity fair in Jos 
     The Small and Medium Enterprises Development Agency of Nigeria SMEDAN is holding an opportunity fair for Micro Small and Medium Enterprises MSMEs in Plateau to explore untapped opportunities in the non oil sector Speaking at the event on Tuesday in Jos Mr Olawale Fasanya the Director General of SMEDAN said that the fair was aimed at showcasing the products of MSMEs in the state The opportunity fair is organised annually to explore the untapped opportunities in the non oil sector in order to boost the nation s economy Fasanya said that the fair was to further create opportunities for MSMEs in the state to thrive particularly in the post COVID 19 era The opportunity fair which is an annual event usually implemented in the North and South Geo political zones of the country is to further enhance Nigeria MSMEs prominence competitiveness and development The decision to have the second leg of the 2022 edition of the opportunity fair in Jos is therefore not only deliberate but also very auspicious most especially in this post COVID19 pandemic era Also the dwindling resources from oil and the need to explore several economic opportunities that have largely remained untapped necessitated the need for the agency to use the fair to deepen the MSME scope in the state Essentially the opportunity fair is initiated to provide opportunities that the fair usually open up for them as it presents platform for business to business and business to public sector enabling institutions networking he said Fasanya said that the fair was purposely designed to create access to market linkages networking and access to critical business information required for MSMEs growth and development As important as this sub sector is to the overall wellbeing of our national economy it is bedevilled by some challenges that does not allow for some of the new enterprises to survive their third year anniversary Understanding that access to market is one of such challenges SMEDAN has over the years assiduously worked to ensure that this issue is gradually addressed through the MSME opportunity fairs Essentially the fair is designed to provide opportunities for exhibition of goods and products by participating MSMEs he added Fasanya said that the fair would also provide opportunities for critical MDAs that are MSMEs enablers or regulators to freely interact with MSMEs operators The D G thanked Plateau government for its support to the agency toward the growth of MSMEs in the state Declaring the event open Gov Simon Lalong thanked SMEDAN for organising the event and all it had been doing toward supporting young entrepreneurs in the state The governor represented by the Prof Danladi Atu the Secretary to the State Government further commended the agency for the efforts and modalities put in place in creating job opportunities in the non oil sector Lalong promised to support and cooperate with the agency in toward boosting the economy of the state and the country in general NewsSourceCredit NAN
    SMEDAN holds MSMEs opportunity fair in Jos 
    General news3 days ago

    SMEDAN holds MSMEs opportunity fair in Jos 

    The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) is holding an opportunity fair for Micro Small and Medium Enterprises (MSMEs) in Plateau, to explore untapped opportunities in the non-oil sector.

    Speaking at the event on Tuesday in Jos, Mr Olawale Fasanya, the Director-General of SMEDAN said that the fair was aimed at showcasing the products of MSMEs in the state.

    “The opportunity fair is organised annually to explore the untapped opportunities in the non-oil sector in order to boost the nation’s economy.

    ’’ Fasanya said that the fair was to further create opportunities for MSMEs in the state to thrive, particularly in the post COVID-19 era.

    ”The opportunity fair, which is an annual event usually implemented in the North and South Geo-political zones of the country is to further enhance Nigeria MSMEs prominence, competitiveness and development.

    ”The decision to have the second leg of the 2022 edition of the opportunity fair in Jos is therefore not only deliberate but also very auspicious most especially in this post-COVID19 pandemic era.

    ”Also, the dwindling resources from oil and the need to explore several economic opportunities that have largely remained untapped necessitated the need for the agency to use the fair to deepen the MSME scope in the state.

    ”Essentially, the opportunity fair is initiated to provide opportunities that the fair usually open up for them as it presents platform for business to business and business to public sector enabling institutions networking,” he said.

    Fasanya said that the fair was purposely designed to create access to market linkages, networking, and access to critical business information required for MSMEs growth and development.

    ”As important as this sub-sector is to the overall wellbeing of our national economy, it is bedevilled by some challenges that does not allow for some of the new enterprises to survive their third year anniversary.

    ”Understanding that access to market is one of such challenges; SMEDAN has over the years assiduously worked to ensure that this issue is gradually addressed through the MSME opportunity fairs.

    ”Essentially, the fair is designed to provide opportunities for exhibition of goods and products by participating MSMEs,” he added.

    Fasanya said that the fair would also provide opportunities for critical MDAs “that are MSMEs enablers or regulators to freely interact with MSMEs operators.

    ’’ The D-G thanked Plateau government for its support to the agency toward the growth of MSMEs in the state.

    Declaring the event open, Gov. Simon Lalong, thanked SMEDAN for organising the event and all it had been doing toward supporting young entrepreneurs in the state.

    The governor, represented by the Prof. Danladi Atu, the Secretary to the State Government, further commended the agency for the efforts and modalities put in place in creating job opportunities in the non-oil sector.

    Lalong promised to support and cooperate with the agency in toward boosting the economy of the state and the country in general.


    NewsSourceCredit: NAN

  •  The Abuja Chamber of Commerce and Industry ACCI has called on President Muhammadu Buhari to declare a state of emergency in Nigeria s export sector The ACCI President Dr Al Mujtaba Abubakar made the appeal on Monday at the 2nd Abuja SME Conference and Exhibition organised via webinar by the National Chamber Policy Centre NCPC of ACCI The News Agency of Nigeria reports that the event had as its theme SMEs as agent of Export Trade Abubakar also called for a state of emergency in the Small and Medium scale Enterprises SMEs in view of many bottlenecks hindering the prospect of the sector in Nigeria especially access to export markets According to him our goal is to among other things remove all bottlenecks in the export process Represented by the Executive Director NCPC Mr Olawale Rasheed Abubakar who saluted the efforts of regulatory agencies in the sector said that the state of emergency would speed the operation of domestic warehouses He also said that it would fast track the opening of special export terminals at various ports across the country and streamline export procedures for reduced hindrances for exporters Also speaking the Director General Small and Medium Enterprises Development Agency of Nigeria SMEDAN Mr Olawale Fasanya highlighted the need to support the development of SMEs in Nigeria Represented by Mr Onesi Lawani the Deputy Director Policy Planning Monitoring and Evaluation SMEDAN Lawani said that Nigeria s non oil export must be competitive According to Fasanya Nigeria s non oil export earnings are insignificant when compared with other emerging economies as the total value of the non oil exports in 2021 was 10 083 billion dollars The export market is all about competitiveness and this borders on price and quality Bangladesh a country once touted as poor exported knit and woven garments alone estimated at 30 billion dollars in the first seven months of 2021 India another emerging market exported textiles and apparel worth 29 8 billion dollars between April and December 2021 according to the ministry of textiles in the country Vietnam another emerging market earned 57 54 billion dollars from export of phones and accessories in 2021 according to the General Department of Vietnam Customs in the country Argentina earned nearly 21 billion dollars from export of delivery trucks soybean oil meal according to the Organisation for Economic Co operation and Development Fasanya said While urging the Central Bank of Nigeria CBN and other development institutions to creatively support the MSMEs to access financial resources Fasanya said that adequate power supply and friendly ports operations were critical in increasing exports in Nigeria More so friendly regulations are instrumental to increasing MSMEs exports in Nigeria Quick wins for MSMEs exports is deliberate efforts of state governments to ease access to land provision of common processing facility in clusters and improvement in security According to him strengthening export processing zones and creating awareness on export standards and potential are also quick wins for MSMES Similarly the Managing Director and Chief Executive Officer Abuja Enterprise Agency AEA Mr Shehu Abdulkadir said that improved access to financial incentives and provision of basic and technological infrastructure were essential in the growth of MSMEs in Nigeria Abdulkadir represented by the Senior Manager Research Statistics and Development in AEA Usman Usman also estressed the need for adequate legal and regulatory framework as well as improved commitment to building domestic expertise and knowledge In his presentation titled The Role of Abuja Enterprise Agency in Promoting SMEs as Agent of Export Trade said that enhancing the capabilities of MSMEs export potential remained critical to diversifying Nigeria s economy According to him AEA will not relent in strengthening institutional synergy and building the capacities of local industries and MSMEs to produce and export their products to the international market This in our view will lead to the attainment of our goal to expand our non oil exports and address the myriad of challenges we face as a country Abdulkadir said Earlier the Executive Secretary Nigeria Export Promotion Council NEPC Dr Ezra Yakusak pledged the council s commitment to curb the rejection of non oil exports Represented by Mrs Ukoanam Gertrude the Director Export Development and Incentive Department NEPC Yakusak urged Nigerians to leverage on the export trade houses to ensure their products conform to the acceptable standard NAN recalls that NEPC on Aug 25 announced that Nigeria exported 4 146 534 metric tonnes of non oil products valued at 2 593 billion dollars between January and June 2022 According to Yakusak the development represents an increase of 62 37 per cent when compared to 1 59 billion dollars recorded in the first half of 2021 NewsSourceCredit NAN
    ACCI urges FG to declare state of emergency in export sector
     The Abuja Chamber of Commerce and Industry ACCI has called on President Muhammadu Buhari to declare a state of emergency in Nigeria s export sector The ACCI President Dr Al Mujtaba Abubakar made the appeal on Monday at the 2nd Abuja SME Conference and Exhibition organised via webinar by the National Chamber Policy Centre NCPC of ACCI The News Agency of Nigeria reports that the event had as its theme SMEs as agent of Export Trade Abubakar also called for a state of emergency in the Small and Medium scale Enterprises SMEs in view of many bottlenecks hindering the prospect of the sector in Nigeria especially access to export markets According to him our goal is to among other things remove all bottlenecks in the export process Represented by the Executive Director NCPC Mr Olawale Rasheed Abubakar who saluted the efforts of regulatory agencies in the sector said that the state of emergency would speed the operation of domestic warehouses He also said that it would fast track the opening of special export terminals at various ports across the country and streamline export procedures for reduced hindrances for exporters Also speaking the Director General Small and Medium Enterprises Development Agency of Nigeria SMEDAN Mr Olawale Fasanya highlighted the need to support the development of SMEs in Nigeria Represented by Mr Onesi Lawani the Deputy Director Policy Planning Monitoring and Evaluation SMEDAN Lawani said that Nigeria s non oil export must be competitive According to Fasanya Nigeria s non oil export earnings are insignificant when compared with other emerging economies as the total value of the non oil exports in 2021 was 10 083 billion dollars The export market is all about competitiveness and this borders on price and quality Bangladesh a country once touted as poor exported knit and woven garments alone estimated at 30 billion dollars in the first seven months of 2021 India another emerging market exported textiles and apparel worth 29 8 billion dollars between April and December 2021 according to the ministry of textiles in the country Vietnam another emerging market earned 57 54 billion dollars from export of phones and accessories in 2021 according to the General Department of Vietnam Customs in the country Argentina earned nearly 21 billion dollars from export of delivery trucks soybean oil meal according to the Organisation for Economic Co operation and Development Fasanya said While urging the Central Bank of Nigeria CBN and other development institutions to creatively support the MSMEs to access financial resources Fasanya said that adequate power supply and friendly ports operations were critical in increasing exports in Nigeria More so friendly regulations are instrumental to increasing MSMEs exports in Nigeria Quick wins for MSMEs exports is deliberate efforts of state governments to ease access to land provision of common processing facility in clusters and improvement in security According to him strengthening export processing zones and creating awareness on export standards and potential are also quick wins for MSMES Similarly the Managing Director and Chief Executive Officer Abuja Enterprise Agency AEA Mr Shehu Abdulkadir said that improved access to financial incentives and provision of basic and technological infrastructure were essential in the growth of MSMEs in Nigeria Abdulkadir represented by the Senior Manager Research Statistics and Development in AEA Usman Usman also estressed the need for adequate legal and regulatory framework as well as improved commitment to building domestic expertise and knowledge In his presentation titled The Role of Abuja Enterprise Agency in Promoting SMEs as Agent of Export Trade said that enhancing the capabilities of MSMEs export potential remained critical to diversifying Nigeria s economy According to him AEA will not relent in strengthening institutional synergy and building the capacities of local industries and MSMEs to produce and export their products to the international market This in our view will lead to the attainment of our goal to expand our non oil exports and address the myriad of challenges we face as a country Abdulkadir said Earlier the Executive Secretary Nigeria Export Promotion Council NEPC Dr Ezra Yakusak pledged the council s commitment to curb the rejection of non oil exports Represented by Mrs Ukoanam Gertrude the Director Export Development and Incentive Department NEPC Yakusak urged Nigerians to leverage on the export trade houses to ensure their products conform to the acceptable standard NAN recalls that NEPC on Aug 25 announced that Nigeria exported 4 146 534 metric tonnes of non oil products valued at 2 593 billion dollars between January and June 2022 According to Yakusak the development represents an increase of 62 37 per cent when compared to 1 59 billion dollars recorded in the first half of 2021 NewsSourceCredit NAN
    ACCI urges FG to declare state of emergency in export sector
    Economy4 days ago

    ACCI urges FG to declare state of emergency in export sector

    The Abuja Chamber of Commerce and Industry (ACCI), has called on President Muhammadu Buhari to declare a state of emergency in Nigeria’s export sector.

    The ACCI President, Dr Al-Mujtaba Abubakar made the appeal on Monday at the 2nd Abuja SME Conference and Exhibition organised via webinar by the National Chamber Policy Centre (NCPC) of ACCI.

    The News Agency of Nigeria reports that the event had as its  theme: “SMEs as agent of Export Trade’’.

    Abubakar also called for a state of emergency in the Small and Medium-scale Enterprises (SMEs) in view of many bottlenecks hindering the prospect of the sector in Nigeria, especially access to export markets.

    According to him, our goal is to among other things remove all bottlenecks in the export process.

    Represented by the Executive Director, NCPC, Mr Olawale Rasheed, Abubakar who saluted the efforts of regulatory agencies in the sector, said that the state of emergency would speed the operation of domestic warehouses.

    He also said that it would fast-track the opening of special export terminals at various ports across the country and streamline export procedures for reduced hindrances for exporters.

    Also speaking, the Director-General, Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), Mr Olawale Fasanya highlighted the need to support the development of SMEs in Nigeria.

    Represented by Mr Onesi Lawani, the Deputy Director, Policy, Planning, Monitoring and Evaluation, SMEDAN, Lawani said that Nigeria’s non-oil export must be competitive.

    According to Fasanya, Nigeria’s non-oil export earnings are insignificant when compared with other emerging economies as the total value of the non-oil exports in 2021 was 10.083 billion dollars.

    “The export market is all about competitiveness and this borders on price and quality.

    “Bangladesh a country once touted as poor exported knit and woven garments alone estimated at 30 billion dollars in the first seven months of 2021. “India, another emerging market, exported textiles and apparel worth 29.8 billion dollars between April and December 2021, according to the ministry of textiles in the country.

    “Vietnam, another emerging market earned 57.54 billion dollars from export of phones and accessories in 2021 according to the General Department of Vietnam Customs in the country.

    “Argentina earned nearly 21 billion dollars from export of delivery trucks, soybean oil, meal, according to the Organisation for Economic Co-operation and Development,’’ Fasanya said.

    While urging the Central Bank of Nigeria (CBN) and other development institutions to creatively support the MSMEs to access financial resources, Fasanya said that adequate power supply and friendly ports operations were critical in increasing exports in Nigeria.

    “More so, friendly regulations are instrumental to increasing MSMEs exports in Nigeria.

    “`Quick wins for MSMEs exports is deliberate efforts of state governments to ease access to land, provision of common processing facility in clusters, and improvement in security.

    ” According to him, strengthening export processing zones and creating awareness on export standards and potential, are also quick wins for MSMES.

    Similarly, the Managing Director and Chief Executive Officer, Abuja Enterprise Agency (AEA), Mr Shehu Abdulkadir said that improved access to financial incentives and provision of basic and technological infrastructure were essential in the growth of MSMEs in Nigeria.

    Abdulkadir,  represented by the Senior Manager, Research, Statistics and Development in AEA, Usman Usman, also estressed the need for adequate legal and regulatory framework as well as improved commitment to building domestic expertise and knowledge.

    In his presentation titled, “The Role of Abuja Enterprise Agency in Promoting SMEs as Agent of Export Trade’’, said that enhancing the capabilities of MSMEs export potential remained critical to diversifying Nigeria’s economy.

    According to him, AEA will not relent in strengthening institutional synergy and building the capacities of local industries and MSMEs to produce and export their products to the international market.

    “This in our view will lead to the attainment of our goal to expand our non–oil exports and address the myriad of challenges we face as a country,” Abdulkadir said.

    Earlier, the Executive Secretary, Nigeria Export Promotion Council (NEPC) Dr Ezra Yakusak, pledged the council’s commitment to curb the rejection of non-oil exports.

    Represented by Mrs Ukoanam Gertrude, the Director, Export Development and Incentive Department, NEPC, Yakusak urged Nigerians to leverage on the export trade houses to ensure their products conform to the acceptable standard.

    NAN recalls that NEPC on Aug. 25 announced that Nigeria exported 4,146,534 metric tonnes of non-oil products valued at 2.593 billion dollars between January and June 2022. According to Yakusak, the development represents an increase of 62.37 per cent when compared to 1.59 billion dollars recorded in the first half of 2021.
    NewsSourceCredit: NAN

  •  The Small and Medium Enterprises Development Agency of Nigeria SMEDAN on Thursday equipped 90 entrepreneurs with Information and Communication Technology ICT skills to drive technology adoption for businesses in the country The beneficiaries were presented with equipment for digital marketing phone repairs and computers at the official closing ceremony of the first phase of the National Vocational Training and Entrepreneurial Scheme on ICT on Thursday in Lagos Director General SMEDAN Mr Olawale Fasanya said the scheme was to equip entrepreneurs with e commerce skills to shore up their contribution to the country s Gross Domestic Product GDP He stated that the commitment of the participants would motivate government to do more after an impact assessment He encouraged the beneficiaries to maximise the opportunities availed them by the training programme and assured of support for MSMEs to help them grow ICT skill development is one of the priority areas identified by the agency to facilitate and sustain a vibrant MSME sub sector that will be the major driver of national economic growth and development The objective of the programme is to develop participants and train the network of businesses while promoting computer literacy as ICT is a means of granting access to the world market he said He said online applications could be used for accounting and downloadable softwares which were available for business communication and documents sharing for small scale businesses It is key to note that some of the business challenges like cybercrime phishing online theft would be tackled and must not hinder participants from harnessing the opportunities available to them SMEDAN will continue to support towards ensuring that we achieve the MSMEs sub sector of our dream in the areas of job creation wealth creation and poverty alleviation he said NewsSourceCredit NAN
    SMEDAN equips 90 entrepreneurs with ICT skills
     The Small and Medium Enterprises Development Agency of Nigeria SMEDAN on Thursday equipped 90 entrepreneurs with Information and Communication Technology ICT skills to drive technology adoption for businesses in the country The beneficiaries were presented with equipment for digital marketing phone repairs and computers at the official closing ceremony of the first phase of the National Vocational Training and Entrepreneurial Scheme on ICT on Thursday in Lagos Director General SMEDAN Mr Olawale Fasanya said the scheme was to equip entrepreneurs with e commerce skills to shore up their contribution to the country s Gross Domestic Product GDP He stated that the commitment of the participants would motivate government to do more after an impact assessment He encouraged the beneficiaries to maximise the opportunities availed them by the training programme and assured of support for MSMEs to help them grow ICT skill development is one of the priority areas identified by the agency to facilitate and sustain a vibrant MSME sub sector that will be the major driver of national economic growth and development The objective of the programme is to develop participants and train the network of businesses while promoting computer literacy as ICT is a means of granting access to the world market he said He said online applications could be used for accounting and downloadable softwares which were available for business communication and documents sharing for small scale businesses It is key to note that some of the business challenges like cybercrime phishing online theft would be tackled and must not hinder participants from harnessing the opportunities available to them SMEDAN will continue to support towards ensuring that we achieve the MSMEs sub sector of our dream in the areas of job creation wealth creation and poverty alleviation he said NewsSourceCredit NAN
    SMEDAN equips 90 entrepreneurs with ICT skills
    Economy1 week ago

    SMEDAN equips 90 entrepreneurs with ICT skills

    The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) on Thursday equipped 90 entrepreneurs with Information and Communication Technology (ICT) skills to drive technology adoption for businesses in the country.

    The beneficiaries were presented with equipment for digital marketing, phone repairs and computers at the official closing ceremony of the first phase of the National Vocational Training and Entrepreneurial Scheme on ICT, on Thursday in Lagos.

    Director-General, SMEDAN, Mr Olawale Fasanya, said the scheme was to equip entrepreneurs with e-commerce skills to shore up their contribution to the country’s Gross Domestic Product (GDP).

    He stated that the commitment of the participants would motivate government to do more after an impact assessment.

    He encouraged the beneficiaries to maximise the opportunities availed them by the training programme and assured of support for MSMEs to help them grow.

    “ICT skill development is one of the priority areas identified by the agency to facilitate and sustain a vibrant MSME sub-sector that will be the major driver of national economic growth and development.

    “The objective of the programme is to develop participants and train the network of businesses, while promoting computer literacy as ICT is a means of granting access to the world market,” he said.

    He said online applications could be used for accounting and downloadable softwares which were available for business communication and documents sharing for small scale businesses.

    “It is key to note that some of the business challenges like cybercrime, phishing, online theft would be tackled and must not hinder participants from harnessing the opportunities available to them.

    “SMEDAN will continue to support towards ensuring that we achieve the MSMEs sub-sector of our dream in the areas of job creation, wealth creation and poverty alleviation,” he said.


    NewsSourceCredit: NAN

  •  The Small and Medium Enterprises Development Agency of Nigeria SMEDAN says no fewer than 100 Small and Medium Enterprises are to participate at the 2022 Lagos MSMEs fair The Director General of SMEDAN Mr Olawale Fasanya said this in a statement issued on Thursday in Abuja According to him the event will afford exhibitors the opportunity to showcase their wares and enjoy business advisory services on how to upscale their businesses According to Fasanya the fair scheduled to hold in Ipodo Ikeja from Sept 26 to Sept 30 has as its theme Competing for Market Over 100 MSMEs are expected to participate in the 2022 MSMEs fair to be held in Ipodo Ikeja Lagos State next Monday This year s MSMEs fair in Ipodo will afford exhibitors the opportunity to showcase their wares as well as enjoy business advisory services from SMEDAN on how to upscale their businesses Fasanya said He described MSMEs fairs as veritable ground to promote Made in Nigeria products The fair offers MSMEs a real life platform to hook up to not only market opportunities but also to network with relevant agencies in the MSME ecosystem SMEDAN has come to embrace the Ipodo fair because of the success recorded in the maiden edition and we shall continue to support MSMEs as they are the backbone of any thriving economy The agency recently organised a successful opportunity fair in collaboration with the Edo State Government in Benin City and next week we shall also be organising another opportunity fair in Jos All these are targeted at encouraging our MSMEs and boosting Made in Nigeria goods he said Fasanya pledged that SMEDAN would continue to step up sustainable programmes to boost the capacity of MSMEs in Nigeria According to him sustainable initiatives and organisation of trade fairs and expos as well as sensitisation will boost patronage of Made in Nigeria goods Most people are ignorant of the fact that quality and durable products are also produced by MSMEs in Nigeria he said Fasanya said that the Ipodo fair would show that Nigeria s MSMEs caould produce good things and this would make the people to have a rethink and improve on the patronage of locally made product He said that the agency was planning to host an opportunity fair for the people with disability in the near future The News Agency of Nigeria reports that the fair organised by SMEDAN is the second in the series NewsSourceCredit NAN
    100 SMEs to participate at 2022 Lagos MSMEs fair—SMEDAN
     The Small and Medium Enterprises Development Agency of Nigeria SMEDAN says no fewer than 100 Small and Medium Enterprises are to participate at the 2022 Lagos MSMEs fair The Director General of SMEDAN Mr Olawale Fasanya said this in a statement issued on Thursday in Abuja According to him the event will afford exhibitors the opportunity to showcase their wares and enjoy business advisory services on how to upscale their businesses According to Fasanya the fair scheduled to hold in Ipodo Ikeja from Sept 26 to Sept 30 has as its theme Competing for Market Over 100 MSMEs are expected to participate in the 2022 MSMEs fair to be held in Ipodo Ikeja Lagos State next Monday This year s MSMEs fair in Ipodo will afford exhibitors the opportunity to showcase their wares as well as enjoy business advisory services from SMEDAN on how to upscale their businesses Fasanya said He described MSMEs fairs as veritable ground to promote Made in Nigeria products The fair offers MSMEs a real life platform to hook up to not only market opportunities but also to network with relevant agencies in the MSME ecosystem SMEDAN has come to embrace the Ipodo fair because of the success recorded in the maiden edition and we shall continue to support MSMEs as they are the backbone of any thriving economy The agency recently organised a successful opportunity fair in collaboration with the Edo State Government in Benin City and next week we shall also be organising another opportunity fair in Jos All these are targeted at encouraging our MSMEs and boosting Made in Nigeria goods he said Fasanya pledged that SMEDAN would continue to step up sustainable programmes to boost the capacity of MSMEs in Nigeria According to him sustainable initiatives and organisation of trade fairs and expos as well as sensitisation will boost patronage of Made in Nigeria goods Most people are ignorant of the fact that quality and durable products are also produced by MSMEs in Nigeria he said Fasanya said that the Ipodo fair would show that Nigeria s MSMEs caould produce good things and this would make the people to have a rethink and improve on the patronage of locally made product He said that the agency was planning to host an opportunity fair for the people with disability in the near future The News Agency of Nigeria reports that the fair organised by SMEDAN is the second in the series NewsSourceCredit NAN
    100 SMEs to participate at 2022 Lagos MSMEs fair—SMEDAN
    Economy1 week ago

    100 SMEs to participate at 2022 Lagos MSMEs fair—SMEDAN

    The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), says no fewer than 100 Small and Medium Enterprises are to participate at the 2022 Lagos MSMEs fair.

    The Director-General of SMEDAN, Mr Olawale Fasanya said this in a statement issued on Thursday in Abuja.

    According to him, the event will afford exhibitors the opportunity to showcase their wares and enjoy business advisory services on how to upscale their businesses.

    According to Fasanya, the fair scheduled to hold in Ipodo, Ikeja from Sept. 26 to Sept. 30, has as its theme “Competing for Market’’.

    “Over 100 MSMEs are expected to participate in the 2022 MSMEs fair to be held in Ipodo, Ikeja, Lagos State next Monday.

    “This year’s MSMEs fair in Ipodo will afford exhibitors the opportunity to showcase their wares as well as enjoy business advisory services from SMEDAN on how to upscale their businesses,’’ Fasanya said.

    He described MSMEs fairs as veritable ground to promote Made-in-Nigeria products.

    “The fair offers MSMEs a real life platform to hook up to not only market opportunities but also to network with relevant agencies in the MSME ecosystem.

    “SMEDAN has come to embrace the Ipodo fair because of the success recorded in the maiden edition and we shall continue to support MSMEs as they are the backbone of any thriving economy.

    “The agency recently organised a successful opportunity fair in collaboration with the Edo State Government in Benin City and next week, we shall also be organising another opportunity fair in Jos. “All these are targeted at encouraging our MSMEs and boosting Made-in-Nigeria goods,’’ he said.

    Fasanya pledged that SMEDAN would continue to step up sustainable programmes to boost the capacity of MSMEs in Nigeria.

    According to him, sustainable initiatives and organisation of trade fairs and expos as well as sensitisation will boost patronage of Made-in- Nigeria goods.

    “Most people are ignorant of the fact that quality and durable products are also produced by MSMEs in Nigeria,” he said.

    Fasanya said that the Ipodo fair would show that Nigeria’s MSMEs caould produce good things and this would make the people to have a rethink and improve on the patronage of locally made product.

    He said that the agency was planning to host an opportunity fair for the people with disability in the near future.

    The News Agency of Nigeria reports that the fair organised by SMEDAN is the second in the series.


    NewsSourceCredit: NAN

  •  The Small and Medium Enterprises Development Agency of Nigeria SMEDAN has trained 40 Internally Displaced Persons IDPs Prison Inmates and Retired Civil Servants in Katsina State The Director General DG of the Agency Mr Olawale Fasanya disclosed this to the News Agency of Nigeria on the sideline of the training in Katsina onTuesday Represented by Alhaji Ado Bello Deputy Director DD Enterprisership Headquarters Abuja Fasanya said N8 5 million was spent on the procurement of skills materials which was given free of charge to the participants after the training He noted that the training was designed to provide enterpreneurship and vocational skills as well as provide equipment to fill the existing gaps to the target group We decided to assist these vulnerable group because insecurity had forced them out of their ancestral homes to take refuge in IDPs Camps About 700 000 of inmates men and women were released from prisons each year most of them were still rearrested after returning home because they dont have stable income or employment to take care of themselves hence they still indulge in criminalities A lot of public servants who spent their lives serving the nation don t even have skills of doing something to stand on their own According the DG it is in view of these that most of them ran into serious problems and subsequently die of frustration Therefore we feel it is pertinent that we designed the Micro Small and Medium Enterprises MSME programme to support these vulnerable class to acquire skills that will make them earn a living and become relevant in the society he added The News Agency of Nigeria reports that out of the 40 participants that benefitted in the training 20 of them got 20 make up materials at the rate of N250 000 each Another set of 20 people got 20 sowing machines at the rate of N175 000 each which made the total N8 5 million www ng NewsSourceCredit NAN
    SMEDAN trains 40 IDPs, inmates, spends N8.5m on skills materials in Katsina
     The Small and Medium Enterprises Development Agency of Nigeria SMEDAN has trained 40 Internally Displaced Persons IDPs Prison Inmates and Retired Civil Servants in Katsina State The Director General DG of the Agency Mr Olawale Fasanya disclosed this to the News Agency of Nigeria on the sideline of the training in Katsina onTuesday Represented by Alhaji Ado Bello Deputy Director DD Enterprisership Headquarters Abuja Fasanya said N8 5 million was spent on the procurement of skills materials which was given free of charge to the participants after the training He noted that the training was designed to provide enterpreneurship and vocational skills as well as provide equipment to fill the existing gaps to the target group We decided to assist these vulnerable group because insecurity had forced them out of their ancestral homes to take refuge in IDPs Camps About 700 000 of inmates men and women were released from prisons each year most of them were still rearrested after returning home because they dont have stable income or employment to take care of themselves hence they still indulge in criminalities A lot of public servants who spent their lives serving the nation don t even have skills of doing something to stand on their own According the DG it is in view of these that most of them ran into serious problems and subsequently die of frustration Therefore we feel it is pertinent that we designed the Micro Small and Medium Enterprises MSME programme to support these vulnerable class to acquire skills that will make them earn a living and become relevant in the society he added The News Agency of Nigeria reports that out of the 40 participants that benefitted in the training 20 of them got 20 make up materials at the rate of N250 000 each Another set of 20 people got 20 sowing machines at the rate of N175 000 each which made the total N8 5 million www ng NewsSourceCredit NAN
    SMEDAN trains 40 IDPs, inmates, spends N8.5m on skills materials in Katsina
    Economy1 week ago

    SMEDAN trains 40 IDPs, inmates, spends N8.5m on skills materials in Katsina

    The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has trained 40 Internally Displaced Persons (IDPs), Prison Inmates and Retired Civil Servants in Katsina State.

    The Director- General (DG) of the Agency, Mr. Olawale Fasanya, disclosed this to the News Agency of Nigeria on the sideline of the training in Katsina onTuesday.

    Represented by Alhaji Ado Bello, Deputy Director (DD), Enterprisership, Headquarters, Abuja, Fasanya said N8.5 million was spent on the procurement of skills materials which was given free of charge to the participants after the training.

    He noted that the training was designed to provide enterpreneurship and vocational skills as well as provide equipment to fill the existing gaps to the target group.

    “We decided to assist these vulnerable group because insecurity had forced them out of their ancestral homes to take refuge in IDPs Camps, “About 700,000 of inmates, men and women were released from prisons each year, most of them were still rearrested after returning home because they dont have stable income or employment to take care of themselves, hence they still indulge in criminalities.

    ” “A lot of public servants who spent their lives serving the nation don’t even have skills of doing something to stand on their own.

    According the DG, it is in view of these that most of them ran into serious problems and subsequently die of frustration.

    “Therefore, we feel it is pertinent that we designed the Micro Small and Medium Enterprises (MSME) programme to support these vulnerable class to acquire skills that will make them earn a living and become relevant in the society,” he added.

    The News Agency of Nigeria , reports that out of the 40 participants that benefitted in the training, 20 of them got 20 make-up materials at the rate of N250,000 each.

    Another set of 20 people got 20 sowing machines at the rate of N175,000 each which made the total N8.5 million www.

    ng
    NewsSourceCredit: NAN

  •  The Small and Medium Enterprises Development Agency of Nigeria SMEDAN on Tuesday began specialised skills development programme for 40 retirees in Imo The SMEDAN Director General Mr Olawale Fasanya who started the programme on Tuesday in Owerri said it was aimed to promote skills development and financial independence among retirees Fasanya who was represented by the Assistant Director Enterprise Development and Promotion Mr Tunde Oloidi said the programme would be on Micro Small and Medium Enterprises MSME He said this would not only alleviate poverty but also promote self reliance He added that the programme would enhance participants engagement in productive ventures as they would be provided with starter packs in vulcanising and food processing at the end of the training Oloidi noted that the decision to focus on food processing and vulcanising stemmed from the assessment exercise conducted by the state manager of the agency It is a programme designed to provide entrepreneurship skills refresher vocational skills and provision of empowerment materials to fill capacity gaps of the target group This will ensure they earn income through filling the artisanal gap in Nigeria and consequently promote skills development among retirees he said He further commended the state Governor Hope Uzodimma for providing an enabling environment for MSMEs to thrive in the state Also Mr Paul Ozumba the Commissioner for Labour Productivity and Employment commended SMEDAN for promoting job creation and empowerment in the state Ozumba who was represented by Mr Kelechi Ekomaru a staff of the ministry also commended the agency for including Imo in the programme and urged beneficiaries to make the most of the opportunity Earlier the state Chairman of the Nigerian Union of Pensioners Dr Josiah Ugochukwu said the programme was a welcome innovation and perfect for pensioners He said most pensioners had nothing to fall back on after retirement and as such would greatly benefit from the programme This is a well thought out programme and it is a welcome development most of us have been idle because we have nothing to fall back on after retirement This will go a long way in alleviating the idleness while giving us a chance to earn a little more in addition to our pension and help us with our responsibilities he said NewsSourceCredit NAN
    SMEDAN trains 40 Imo retirees on special skills development
     The Small and Medium Enterprises Development Agency of Nigeria SMEDAN on Tuesday began specialised skills development programme for 40 retirees in Imo The SMEDAN Director General Mr Olawale Fasanya who started the programme on Tuesday in Owerri said it was aimed to promote skills development and financial independence among retirees Fasanya who was represented by the Assistant Director Enterprise Development and Promotion Mr Tunde Oloidi said the programme would be on Micro Small and Medium Enterprises MSME He said this would not only alleviate poverty but also promote self reliance He added that the programme would enhance participants engagement in productive ventures as they would be provided with starter packs in vulcanising and food processing at the end of the training Oloidi noted that the decision to focus on food processing and vulcanising stemmed from the assessment exercise conducted by the state manager of the agency It is a programme designed to provide entrepreneurship skills refresher vocational skills and provision of empowerment materials to fill capacity gaps of the target group This will ensure they earn income through filling the artisanal gap in Nigeria and consequently promote skills development among retirees he said He further commended the state Governor Hope Uzodimma for providing an enabling environment for MSMEs to thrive in the state Also Mr Paul Ozumba the Commissioner for Labour Productivity and Employment commended SMEDAN for promoting job creation and empowerment in the state Ozumba who was represented by Mr Kelechi Ekomaru a staff of the ministry also commended the agency for including Imo in the programme and urged beneficiaries to make the most of the opportunity Earlier the state Chairman of the Nigerian Union of Pensioners Dr Josiah Ugochukwu said the programme was a welcome innovation and perfect for pensioners He said most pensioners had nothing to fall back on after retirement and as such would greatly benefit from the programme This is a well thought out programme and it is a welcome development most of us have been idle because we have nothing to fall back on after retirement This will go a long way in alleviating the idleness while giving us a chance to earn a little more in addition to our pension and help us with our responsibilities he said NewsSourceCredit NAN
    SMEDAN trains 40 Imo retirees on special skills development
    General news1 week ago

    SMEDAN trains 40 Imo retirees on special skills development

    The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) on Tuesday began  specialised skills development programme for 40 retirees in Imo. The SMEDAN Director General, Mr Olawale Fasanya, who started the programme on Tuesday in Owerri, said it was aimed to promote skills development and financial independence among retirees.

    Fasanya who was represented by the Assistant Director, Enterprise Development and Promotion, Mr Tunde Oloidi, said the programme would be on Micro, Small and Medium Enterprises (MSME).

    He said this would not only alleviate poverty but also promote self-reliance.

    He added that the programme would enhance participants’ engagement in productive ventures as they would be provided with starter packs in vulcanising and food processing at the end of the training.

    Oloidi noted that the decision to focus on food processing and vulcanising stemmed from the assessment exercise conducted by the state manager of the agency.

    “It is a programme designed to provide entrepreneurship skills, refresher vocational skills and provision of empowerment materials to fill capacity gaps of the target group.

    “This will ensure they earn income through filling the artisanal gap in Nigeria and consequently promote skills development among retirees,” he said.

    He further commended the state Governor, Hope Uzodimma, for providing an enabling environment for MSMEs to thrive in the state.

    Also, Mr Paul Ozumba, the Commissioner for Labour, Productivity and Employment, commended SMEDAN for promoting job creation and empowerment in the state.

    Ozumba, who was represented by Mr Kelechi Ekomaru, a staff of the ministry also commended the agency for including Imo in the programme and urged beneficiaries to make the most of the opportunity.

    Earlier, the state Chairman of the Nigerian Union of Pensioners, Dr Josiah Ugochukwu, said the programme was a welcome innovation and perfect for pensioners.

    He said most pensioners had nothing to fall back on after retirement and as such, would greatly benefit from the programme.

    “This is a well thought out programme and it is a welcome development; most of us have been idle because we have nothing to fall back on after retirement.

    “This will go a long way in alleviating the idleness while giving us a chance to earn a little more in addition to our pension and help us with our responsibilities,” he said.


    NewsSourceCredit: NAN

  •  NAN The Small and Medium Enterprises Development Agency of Nigeria SMEDAN has commenced training of 240 Internally Displaced Persons IDPs correctional inmates and retirees on entrepreneurial skills across six states of the federation Mr Olawale Fasanya Director General of the agency stated this while flagging off a five day training of Specialised Skills Development for Micro Small and Medium Enterprises MSMEs programme in Minna on Monday Fasanya said that the 240 beneficiaries from Niger Ondo Imo Katsina Borno and Rivers states would be trained on entrepreneurship vocational skills for self reliance as well as empowerment materials He explained that the programme which is in three folds would provide startup package and support to the IDPs retirees as well as correctional inmates in a special way According to him the programme is aimed at creating jobs and alleviate poverty through empowering IDPs inmates and retirees to ensure that they became self reliant and financially independent Fasanya further said that the agency had implemented Conditional Grant Transfer Scheme for micro enterprises in Nigeria in which 40 000 entrepreneurs from 22 states across the country have benefitted from N50 000 grant He also explained that the agency is implementing One Local Government One Product initiative in all the senatorial districts in Nigeria In his remarks Malam Adamu Salihu Director General Niger State Chamber of Commerce advised retired civil servants to as a matter of urgency acquire various skills that would make them more productive in the society NAN NewsSourceCredit NAN
    SMEDAN commences training of IDPs, inmates on vocational, entrepreneurship skills 
     NAN The Small and Medium Enterprises Development Agency of Nigeria SMEDAN has commenced training of 240 Internally Displaced Persons IDPs correctional inmates and retirees on entrepreneurial skills across six states of the federation Mr Olawale Fasanya Director General of the agency stated this while flagging off a five day training of Specialised Skills Development for Micro Small and Medium Enterprises MSMEs programme in Minna on Monday Fasanya said that the 240 beneficiaries from Niger Ondo Imo Katsina Borno and Rivers states would be trained on entrepreneurship vocational skills for self reliance as well as empowerment materials He explained that the programme which is in three folds would provide startup package and support to the IDPs retirees as well as correctional inmates in a special way According to him the programme is aimed at creating jobs and alleviate poverty through empowering IDPs inmates and retirees to ensure that they became self reliant and financially independent Fasanya further said that the agency had implemented Conditional Grant Transfer Scheme for micro enterprises in Nigeria in which 40 000 entrepreneurs from 22 states across the country have benefitted from N50 000 grant He also explained that the agency is implementing One Local Government One Product initiative in all the senatorial districts in Nigeria In his remarks Malam Adamu Salihu Director General Niger State Chamber of Commerce advised retired civil servants to as a matter of urgency acquire various skills that would make them more productive in the society NAN NewsSourceCredit NAN
    SMEDAN commences training of IDPs, inmates on vocational, entrepreneurship skills 
    General news2 weeks ago

    SMEDAN commences training of IDPs, inmates on vocational, entrepreneurship skills 

    NAN) The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), has commenced training of 240 Internally Displaced Persons (IDPs), correctional inmates and retirees on entrepreneurial skills  across six states of the federation.

    Mr Olawale Fasanya, Director-General of the agency stated this while flagging off a five-day training of Specialised Skills Development for Micro, Small and Medium Enterprises (MSMEs) programme in Minna on Monday.

    Fasanya said that the 240 beneficiaries from Niger, Ondo, Imo,  Katsina, Borno and Rivers states would be trained on entrepreneurship, vocational skills for self reliance as well as empowerment materials.

    He explained that the programme,  which is in three folds would  provide startup package and support to the IDPs, retirees as well as correctional inmates in a special way.

    According to him the programme is aimed at creating jobs and alleviate poverty through empowering IDPs, inmates and retirees to ensure that they became self reliant and financially independent.

    Fasanya further said that  the agency had implemented Conditional Grant Transfer Scheme for micro enterprises in Nigeria, in which 40,000 entrepreneurs from 22 states across the country have benefitted from N50,000 grant.

    He also explained that the agency is implementing One Local Government One Product initiative in all the senatorial districts in Nigeria.

    In his remarks, Malam Adamu Salihu, Director-General Niger State Chamber of Commerce, advised retired civil servants to as a matter of urgency, acquire various skills that would make them more productive in the society.

    ( NAN)
    NewsSourceCredit: NAN

  •  The Small and Medium Enterprises Development Agency SMEDAN has begun a three day capacity building training for 100 entrepreneurship teachers in Damaturu Yobe SMEDAN Director General Mr Olawale Fasanya stated this at the inauguration of the training exercise on Tuesday in Damaturu The exercise is being implemented under the agency s Mind Shift Entrepreneurship Programme National School Entrepreneurship Programme N SEP He said the participants drawn from basic and post basic schools were being trained with the expectation that they would step down what they learn to their students and pupils at the end of the exercise Represented by Dr Yinka Fisher Fasanya noted that the training was pertinent and timely considering the dearth of white collar jobs in the country The concept is designed to inculcate into the students the intelligent and intellectual consciousness of environment to enable maximise existence and potential Today s education should therefore be predicated on the philosophy of creating jobs i e turning the students from being job seekers to job creators It is no more go to school get good grades and get a good job It is how to go to school get good grades and acquire skills of being your own boss starting your own business he said He said the programme which commenced in 2017 had so far been implemented in 34 states and the Federal Capital Territory FCT adding that the remaining states would benefit from the programme before the end of 2022 Fasanya said the agency would also introduce school entrepreneurship competition for secondary schools in the country in 2023 In his remarks Alhaji Yakubu Sani Director Entrepreneurship Business and Sustainability state Ministry of Wealth Creation Empowerment and Employment Generation thanked SMEDAN for the gesture He said unemployment especially among the youths has been identified as the major causes of insurgency and other violent crimes Sani said the state was ready to take ownership of the programme adding that the ministry had concluded arrangements to provide soft loans to women and youth entrepreneurs NewsSourceCredit NAN
    SMEDAN trains 100 Yobe teachers on entrepreneurship education
     The Small and Medium Enterprises Development Agency SMEDAN has begun a three day capacity building training for 100 entrepreneurship teachers in Damaturu Yobe SMEDAN Director General Mr Olawale Fasanya stated this at the inauguration of the training exercise on Tuesday in Damaturu The exercise is being implemented under the agency s Mind Shift Entrepreneurship Programme National School Entrepreneurship Programme N SEP He said the participants drawn from basic and post basic schools were being trained with the expectation that they would step down what they learn to their students and pupils at the end of the exercise Represented by Dr Yinka Fisher Fasanya noted that the training was pertinent and timely considering the dearth of white collar jobs in the country The concept is designed to inculcate into the students the intelligent and intellectual consciousness of environment to enable maximise existence and potential Today s education should therefore be predicated on the philosophy of creating jobs i e turning the students from being job seekers to job creators It is no more go to school get good grades and get a good job It is how to go to school get good grades and acquire skills of being your own boss starting your own business he said He said the programme which commenced in 2017 had so far been implemented in 34 states and the Federal Capital Territory FCT adding that the remaining states would benefit from the programme before the end of 2022 Fasanya said the agency would also introduce school entrepreneurship competition for secondary schools in the country in 2023 In his remarks Alhaji Yakubu Sani Director Entrepreneurship Business and Sustainability state Ministry of Wealth Creation Empowerment and Employment Generation thanked SMEDAN for the gesture He said unemployment especially among the youths has been identified as the major causes of insurgency and other violent crimes Sani said the state was ready to take ownership of the programme adding that the ministry had concluded arrangements to provide soft loans to women and youth entrepreneurs NewsSourceCredit NAN
    SMEDAN trains 100 Yobe teachers on entrepreneurship education
    General news2 weeks ago

    SMEDAN trains 100 Yobe teachers on entrepreneurship education

    The Small and Medium Enterprises Development Agency (SMEDAN) has begun a three-day capacity building training for 100 entrepreneurship teachers in Damaturu, Yobe. SMEDAN Director-General, Mr Olawale Fasanya, stated this at the inauguration of the training exercise on Tuesday in Damaturu.

    The exercise is being implemented under the agency’s Mind Shift Entrepreneurship Programme-National School Entrepreneurship Programme (N-SEP) .

    He said the participants drawn from basic and post basic schools were being trained with the expectation that they would step down what they learn to their students and pupils at the end of the exercise.

    Represented by Dr Yinka Fisher, Fasanya noted that the training was pertinent and timely, considering the dearth of white collar jobs in the country.

    “The concept is designed to inculcate into the students the intelligent and intellectual consciousness of environment to enable maximise existence and potential.

    “Today’s education should therefore be predicated on the philosophy of creating jobs, i.

    e. turning the students from being job seekers to job creators.

    “It is no more go to school, get good grades and get a good job.

    “It is how to go to school, get good grades and acquire skills of being your own boss – starting your own business,” he said.

    He said the programme, which commenced in 2017 had so far been implemented in 34 states and the Federal Capital Territory (FCT), adding that the remaining states would benefit from the programme before the end of 2022. Fasanya said the agency would also introduce school entrepreneurship competition for secondary schools in the country in 2023. In his remarks, Alhaji Yakubu Sani, Director, Entrepreneurship, Business and Sustainability, state Ministry of Wealth Creation, Empowerment and Employment Generation, thanked SMEDAN for the gesture.

    He said unemployment, especially among the youths has been identified as the major causes of insurgency and other violent crimes.

    Sani said the state was ready to take ownership of the programme, adding that the ministry had concluded arrangements to provide soft loans to women and youth entrepreneurs.


    NewsSourceCredit: NAN

  •  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
     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
    Economy3 weeks ago

    Bangladesh seeks collaboration with SMEDAN for SME development

    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

  •   Growing Nigeria s economy through accelerated diversification Growing Nigeria s economy through accelerated diversification Mr Godwin Emefiele CBN Governor By Kadiri Abdulrahman News Agency of Nigeria As the Federal Government continues undertake initiatives to overcome economic challenges occasioned by varied local and global factors stakeholders say the authorities should accelerate economic diversification initiatives At a recent forum in Abuja some stakeholders called for a synergy between monetary and fiscal authorities to diversify the economy and create multiple revenue sources They complained that heavy dependence on crude oil for foreign exchange earning has left the country vulnerable to global economic shocks and force majeurs According to the Governor of the Central Bank of Nigeria CBN Mr Godwin Emefiele the quest for building a diversified economy is a major component of Federal Government s monetary policy At the recently held 33rd finance correspondents and editors seminar Emefiele was quoted as saying that the diversified economy will be built around agriculture Micro Small and Medium and Enterprises MSMEs industrial and manufacturing concerns He said that Nigeria had largely depended on the oil sector for revenue generation over the past four decades adding that decline in crude oil production had undermine the performance of the economy There is the urgent need for a conscientious effort to diversify to other non oil sectors Our population has been growing by over three per cent per annum over the past seven years against a less than steady growth in output since 2019 It is important that we work to create an economy that will enable us feed ourselves create jobs for our teeming youths and improve the standard of living of our people he said He said that economic challenges brought about by the advent of Covid 19 pandemic and the Russian Ukrainian conflict had also made the idea of economic diversification imperative As the world is gradually exiting the devastating negative shocks and impact of Covid 19 the economic sanctions against Russia have further worsened the subsisting supply chain disruptions across the globe Therefore the quest for building a more sophisticated economy anchored on agriculture MSMEs industrial and manufacturing concerns has become the major component of our monetary policy he said Statistics show that if well harnessed the MSMEs can indeed become the springboard that will launch the nation s economy to greater heights The media recently quoted the Director Genera of Micro Small and Medium Enterprises Development Agency SMEDAN Mr Olawale Fasanya as saying that MSMEs contribute 43 31 per cent of the nation s Gross Domestic Product GPD The figure he said is an outcome of a 2022 survey conducted by the agency in collaboration with National Bureau of Statistics Fasanya who spoke ahead of 2022 World MSMEs Day in Abuja the also said that the enterprises employ an estimated 39 65 Nigerians representing 87 9 per cent of Nigeria s workforce The Director of Trade and Exchange Department of the CBN Dr Ozoemena Nnaji said diversification will accelerate economic growth According to Nnaji the status of Nigeria as a mono product economy had been detrimental to economic growth According to her a mono product economy is unstable adding that an increase or decrease in the world price of the mono product will affect the budget of the economy It may witness a high percentage of unemployment it is import dependent and cannot stand on its own It weakens the foreign exchange base of the country s economy she said She said that the overbearing impact of the oil sector on the nation s economy exposed the country to external shocks whenever there is change in price To insulate the Nigerian economy from the shocks and foreign exchange shortages there is need to develop new strategies aimed at earning more stable and sustainable inflows of FX through diversification of the non oil export sector she said She also said that diversification would guarantee sectoral dependence and balance in the economy She said that the need for more sources of export to reduce importation of goods and services that can be produced locally makes diversification imperative There is the need for promotion of international trade that will lead to balance of payment position There is also need for a dynamic economy capable of absorbing shocks while maintaining full employment the need for a high rate of economic growth and development she said An economic expert Prof Ken Ife urged the Federal Government to improve its commitment to the agricultural and manufacturing sectors of the economy to spur diversification Ife said in spite of huge intervention in the agricultural sector in recent times output appeared to be inadequate Public leadership of agricultural development programmes has resulted in the construction of 300 dams huge strategic grain reserves and other investments The high number of dams together with the rains and rivers give Nigeria four times surface water than South Africa But only a handful of the dams are used for power generation irrigation for dry season farming and aqua culture said Ife who consults for ECOWAS Commission World Bank among others He commended the CBN for its various interventions in agriculture and other non oil sectors As at February N948 billion in loans have been given to 4 4 million farmers cultivating 5 2 million hectares creating 12 5 million direct jobs he said Another economist Dr Abiodun Adedipe called for a deliberate alignment of policies across fiscal monetary commercial and industrial planks to stem dependence on crude oil Adedipe a member of Nigeria Economic Society and American Economic Association advised the government to reform and rationalise governance as the structure was convoluted and costly He said there was also the need to focus on industrialisation by revisiting and updating the National Industrial Revolution plan He urged the government to commit to local production of essential goods and target infrastructure development As the debate lingers among Nigerians as to the best formant to fast track economic growth Nigerians remain expectant for concrete economic diversification and revenue generation initiatives that will have more positive impact on the citizenry If used please credit the author and News Agency of Nigeria NewsSourceCredit NAN
    Growing Nigeria’s economy through accelerated diversification
      Growing Nigeria s economy through accelerated diversification Growing Nigeria s economy through accelerated diversification Mr Godwin Emefiele CBN Governor By Kadiri Abdulrahman News Agency of Nigeria As the Federal Government continues undertake initiatives to overcome economic challenges occasioned by varied local and global factors stakeholders say the authorities should accelerate economic diversification initiatives At a recent forum in Abuja some stakeholders called for a synergy between monetary and fiscal authorities to diversify the economy and create multiple revenue sources They complained that heavy dependence on crude oil for foreign exchange earning has left the country vulnerable to global economic shocks and force majeurs According to the Governor of the Central Bank of Nigeria CBN Mr Godwin Emefiele the quest for building a diversified economy is a major component of Federal Government s monetary policy At the recently held 33rd finance correspondents and editors seminar Emefiele was quoted as saying that the diversified economy will be built around agriculture Micro Small and Medium and Enterprises MSMEs industrial and manufacturing concerns He said that Nigeria had largely depended on the oil sector for revenue generation over the past four decades adding that decline in crude oil production had undermine the performance of the economy There is the urgent need for a conscientious effort to diversify to other non oil sectors Our population has been growing by over three per cent per annum over the past seven years against a less than steady growth in output since 2019 It is important that we work to create an economy that will enable us feed ourselves create jobs for our teeming youths and improve the standard of living of our people he said He said that economic challenges brought about by the advent of Covid 19 pandemic and the Russian Ukrainian conflict had also made the idea of economic diversification imperative As the world is gradually exiting the devastating negative shocks and impact of Covid 19 the economic sanctions against Russia have further worsened the subsisting supply chain disruptions across the globe Therefore the quest for building a more sophisticated economy anchored on agriculture MSMEs industrial and manufacturing concerns has become the major component of our monetary policy he said Statistics show that if well harnessed the MSMEs can indeed become the springboard that will launch the nation s economy to greater heights The media recently quoted the Director Genera of Micro Small and Medium Enterprises Development Agency SMEDAN Mr Olawale Fasanya as saying that MSMEs contribute 43 31 per cent of the nation s Gross Domestic Product GPD The figure he said is an outcome of a 2022 survey conducted by the agency in collaboration with National Bureau of Statistics Fasanya who spoke ahead of 2022 World MSMEs Day in Abuja the also said that the enterprises employ an estimated 39 65 Nigerians representing 87 9 per cent of Nigeria s workforce The Director of Trade and Exchange Department of the CBN Dr Ozoemena Nnaji said diversification will accelerate economic growth According to Nnaji the status of Nigeria as a mono product economy had been detrimental to economic growth According to her a mono product economy is unstable adding that an increase or decrease in the world price of the mono product will affect the budget of the economy It may witness a high percentage of unemployment it is import dependent and cannot stand on its own It weakens the foreign exchange base of the country s economy she said She said that the overbearing impact of the oil sector on the nation s economy exposed the country to external shocks whenever there is change in price To insulate the Nigerian economy from the shocks and foreign exchange shortages there is need to develop new strategies aimed at earning more stable and sustainable inflows of FX through diversification of the non oil export sector she said She also said that diversification would guarantee sectoral dependence and balance in the economy She said that the need for more sources of export to reduce importation of goods and services that can be produced locally makes diversification imperative There is the need for promotion of international trade that will lead to balance of payment position There is also need for a dynamic economy capable of absorbing shocks while maintaining full employment the need for a high rate of economic growth and development she said An economic expert Prof Ken Ife urged the Federal Government to improve its commitment to the agricultural and manufacturing sectors of the economy to spur diversification Ife said in spite of huge intervention in the agricultural sector in recent times output appeared to be inadequate Public leadership of agricultural development programmes has resulted in the construction of 300 dams huge strategic grain reserves and other investments The high number of dams together with the rains and rivers give Nigeria four times surface water than South Africa But only a handful of the dams are used for power generation irrigation for dry season farming and aqua culture said Ife who consults for ECOWAS Commission World Bank among others He commended the CBN for its various interventions in agriculture and other non oil sectors As at February N948 billion in loans have been given to 4 4 million farmers cultivating 5 2 million hectares creating 12 5 million direct jobs he said Another economist Dr Abiodun Adedipe called for a deliberate alignment of policies across fiscal monetary commercial and industrial planks to stem dependence on crude oil Adedipe a member of Nigeria Economic Society and American Economic Association advised the government to reform and rationalise governance as the structure was convoluted and costly He said there was also the need to focus on industrialisation by revisiting and updating the National Industrial Revolution plan He urged the government to commit to local production of essential goods and target infrastructure development As the debate lingers among Nigerians as to the best formant to fast track economic growth Nigerians remain expectant for concrete economic diversification and revenue generation initiatives that will have more positive impact on the citizenry If used please credit the author and News Agency of Nigeria NewsSourceCredit NAN
    Growing Nigeria’s economy through accelerated diversification
    Features4 weeks ago

    Growing Nigeria’s economy through accelerated diversification

    Growing Nigeria’s economy through accelerated diversification Growing Nigeria’s economy through accelerated diversificationMr Godwin Emefiele, CBN Governor By Kadiri Abdulrahman, News Agency of Nigeria As the Federal Government continues undertake initiatives to overcome economic challenges occasioned by varied local and global factors, stakeholders say the authorities should accelerate economic diversification initiatives.

    At a recent forum in Abuja, some stakeholders called for a synergy between monetary and fiscal authorities to diversify the economy and create multiple revenue sources.

    They complained that heavy dependence on crude oil for foreign exchange earning has left the country vulnerable to global economic shocks and force majeurs.

    According to the Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, the quest for building a diversified economy is a major component of Federal Government’s monetary policy.

    At the recently held 33rd finance correspondents and editors seminar, Emefiele was quoted as saying that the diversified economy will be built around agriculture, Micro, Small and Medium and Enterprises (MSMEs) industrial and manufacturing concerns.

    He said that Nigeria had largely depended on the oil sector for revenue generation over the past four decades, adding that decline in crude oil production had undermine the performance of the economy.

    “There is the urgent need for a conscientious effort to diversify to other non-oil sectors.

    Our population has been growing by over three per cent per annum over the past seven years, against a less than steady growth in output since 2019. “It is important that we work to create an economy that will enable us feed ourselves, create jobs for our teeming youths and improve the standard of living of our people,” he said.

    He said that economic challenges brought about by the advent of Covid-19 pandemic and the Russian-Ukrainian conflict had also made the idea of economic diversification imperative.

    “As the world is gradually exiting the devastating negative shocks and impact of Covid-19, the economic sanctions against Russia have further worsened the subsisting supply-chain disruptions across the globe.

    “Therefore, the quest for building a more sophisticated economy anchored on agriculture, MSMEs, industrial and manufacturing concerns has become the major component of our monetary policy,” he said.

    Statistics show that if well harnessed, the MSMEs can indeed become the springboard that will launch the nation’s economy to greater heights.

    The media recently quoted the Director-Genera of Micro, Small and Medium Enterprises Development Agency (SMEDAN), Mr Olawale Fasanya as saying that MSMEs contribute 43.31 per cent of the nation’s Gross Domestic Product (GPD).

    The figure, he said, is an outcome of a 2022 survey conducted by the agency in collaboration with National Bureau of Statistics.

    Fasanya, who spoke ahead of 2022 World MSMEs Day in Abuja, the also said that the enterprises employ an estimated 39.65 Nigerians representing 87.9 per cent of Nigeria’s workforce.

    The Director of Trade and Exchange Department of the CBN, Dr Ozoemena Nnaji, said diversification will accelerate economic growth.

    According to Nnaji, the status of Nigeria as a mono-product economy had been detrimental to economic growth.

    According to her, a mono-product economy is unstable, adding that “an increase or decrease in the world price of the mono product will affect the budget of the economy.

    “It may witness a high percentage of unemployment; it is import-dependent and cannot stand on its own.

    It weakens the foreign exchange base of the country’s economy,” she said.

    She said that the overbearing impact of the oil sector on the nation’s economy exposed the country to external shocks whenever there is change in price.

    “To insulate the Nigerian economy from the shocks and foreign exchange shortages, there is need to develop new strategies aimed at earning more stable and sustainable inflows of FX through diversification of the non-oil export sector, ” she said.

    She also said that diversification would guarantee sectoral dependence and balance in the economy.

    She said that the need for more sources of export to reduce importation of goods and services that can be produced locally makes diversification imperative.

    “There is the need for promotion of international trade that will lead to balance of payment position.

    “There is also need for a dynamic economy capable of absorbing shocks while maintaining full employment; the need for a high rate of economic growth and development,”  she said.

    An economic expert, Prof. Ken Ife, urged the Federal Government to improve its commitment to the agricultural and manufacturing sectors of the economy to spur diversification.

    Ife said in spite of huge intervention in the agricultural sector in recent times, output appeared to be inadequate.

    “Public leadership of agricultural development programmes has resulted in the construction of 300 dams, huge strategic grain reserves, and other investments.

    “The high number of dams, together with the rains and rivers give Nigeria four times surface water than South Africa.

    “But, only a handful of the dams are used for power generation, irrigation for dry-season farming and aqua culture,” said Ife who consults for ECOWAS Commission, World Bank, among others .

    He commended the CBN for its various interventions in agriculture and other non-oil sectors.

    “As at February, N948 billion in loans have been given to 4.4 million farmers cultivating 5.2 million hectares, creating 12.5 million direct jobs,” he said.

    Another economist, Dr Abiodun Adedipe, called for a deliberate alignment of policies across fiscal, monetary, commercial and industrial planks, to stem dependence on crude oil.

    Adedipe, a member of Nigeria Economic Society; and American Economic Association, advised the government to reform and rationalise governance as the structure was convoluted and costly.

    He said there was also the need to focus on industrialisation by revisiting and updating the National Industrial Revolution plan.

    He urged the government to commit to local production of essential goods and target infrastructure development.

    As the debate lingers among Nigerians as to the best formant to fast-track economic growth, Nigerians remain expectant for concrete economic diversification and revenue generation initiatives that will have more positive impact on the citizenry.

    ****If used please credit the author and News Agency of Nigeria  
    NewsSourceCredit: NAN