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  •   The Chief Executive Officer Nigerian Investment Promotion Commission NIPC Ms Yewande Sadiku says matchmaking and linkage programmes will enhance opportunities for Small all and Medium Enterprises SMEs Sadiku made the assertion during a two day training matchmaking of SMEs with Large Local Corporates LLC and Multinational Enterprises MNEs The event was organised by NIPC and Small and Medium Enterprises Development Agency of Nigeria SMEDAN in Lagos on Thursday Sadiku who was represented by an Assistant Director of NIPC Mrs Edit Udofia said that both SMEDAM and NIPC had been engaging different categories of entrepreneurs on linkage programmes in the last few months The first phase of action plan which was the pilot programme was agreed to focus on agro industry agro allied machineries metal and foundry plastic and rubber electrical and industry services and to be later spread to other sectors After signing Memorandum of Understanding between NIPC and SMEDAN in January 2019 a Joint Technical Committee was inaugurated for the implementation of the work plan and the Lagos event is what is happening here today Radda said A former Chairman Association of Small and Medium Enterprises Osun branch Mr Ali Alabi commended the efforts of SMEDAN and NIPC in improving the capacities of SMEs Alabi said that the programme would enable SMEs markets to be known adding that it would also improve their productions He urged robust networking among SMEs MNEs and LLCs to enable them to remain in business Alabi said that for small businesses to thrive there should be hand holding from government and big enterprises Mr Olarenwaju Oyekanmi Managing Director of Alagura Farms Ltd manufacturers of cassava for industries hailed SMEDAN and NIPC for organising the programme He however decried low turnout of big manufacturing companies at the event and called for fine tuning to achieve better results Edited by Ijeoma Popoola NAN NAN
    SMEDAM, NIPC harp on matchmaking of SMEs with MNE to boost opportunities
      The Chief Executive Officer Nigerian Investment Promotion Commission NIPC Ms Yewande Sadiku says matchmaking and linkage programmes will enhance opportunities for Small all and Medium Enterprises SMEs Sadiku made the assertion during a two day training matchmaking of SMEs with Large Local Corporates LLC and Multinational Enterprises MNEs The event was organised by NIPC and Small and Medium Enterprises Development Agency of Nigeria SMEDAN in Lagos on Thursday Sadiku who was represented by an Assistant Director of NIPC Mrs Edit Udofia said that both SMEDAM and NIPC had been engaging different categories of entrepreneurs on linkage programmes in the last few months The first phase of action plan which was the pilot programme was agreed to focus on agro industry agro allied machineries metal and foundry plastic and rubber electrical and industry services and to be later spread to other sectors After signing Memorandum of Understanding between NIPC and SMEDAN in January 2019 a Joint Technical Committee was inaugurated for the implementation of the work plan and the Lagos event is what is happening here today Radda said A former Chairman Association of Small and Medium Enterprises Osun branch Mr Ali Alabi commended the efforts of SMEDAN and NIPC in improving the capacities of SMEs Alabi said that the programme would enable SMEs markets to be known adding that it would also improve their productions He urged robust networking among SMEs MNEs and LLCs to enable them to remain in business Alabi said that for small businesses to thrive there should be hand holding from government and big enterprises Mr Olarenwaju Oyekanmi Managing Director of Alagura Farms Ltd manufacturers of cassava for industries hailed SMEDAN and NIPC for organising the programme He however decried low turnout of big manufacturing companies at the event and called for fine tuning to achieve better results Edited by Ijeoma Popoola NAN NAN
    SMEDAM, NIPC harp on matchmaking of SMEs with MNE to boost opportunities
    Economy3 years ago

    SMEDAM, NIPC harp on matchmaking of SMEs with MNE to boost opportunities

    The Chief Executive Officer, Nigerian Investment Promotion Commission (NIPC), Ms Yewande Sadiku, says  matchmaking and linkage programmes will enhance opportunities for Small all and Medium Enterprises (SMEs).

    Sadiku made the assertion during a two-day  training/matchmaking/ of SMEs with Large Local Corporates (LLC) and Multinational Enterprises (MNEs).The event was organised by NIPC and Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) in Lagos on Thursday.Sadiku, who was represented by an Assistant Director of NIPC,  Mrs Edit Udofia, said that both SMEDAM and NIPC had been engaging different categories of entrepreneurs on  linkage programmes in the last few months.“The first phase of action plan which was the pilot programme was agreed to focus on agro-industry / agro allied machineries, metal and foundry, plastic and rubber, electrical and industry services, and to be later spread to other sectors.“After signing Memorandum of Understanding  between NIPC and SMEDAN in January 2019, a Joint Technical Committee was inaugurated for the implementation of the work plan.

    and the Lagos event is what is happening here today,” Radda said.

    A former Chairman, Association of Small and Medium Enterprises, Osun branch, Mr Ali Alabi, commended the efforts of SMEDAN and NIPC in improving  the capacities of SMEs.Alabi said that the programme would enable SMEs markets to be known, adding that  it would also improve their productions.He urged robust networking among  SMEs, MNEs and LLCs to enable them to remain in business.Alabi said that for small businesses to thrive,  there should be  hand holding from government and big enterprises.Mr Olarenwaju Oyekanmi, Managing Director of Alagura Farms Ltd., manufacturers of cassava for industries.  hailed SMEDAN and NIPC  for organising the programme.He, however, decried low turnout of  big manufacturing companies at the event, and called for  fine-tuning to achieve better results.Edited by: Ijeoma Popoola
    (NAN)
    (NAN)

     

  •   Mrs Iyabo Ojogbede the Oyo State Manager of Small and Medium Enterprises Development Agency of Nigeria SMEDAN says the agency trained more than 500 entrepreneurs in the state in 2019 to improve their productivity Ojogbede stated this in Ibadan on Tuesday while speaking on the agency s activities in 2019 She said there were numerous platforms provided for people in the state to enhance their businesses as well as boost economic opportunities After the training we do empower the entrepreneurs by giving them equipment to start their businesses As for the existing businesses most times they complain to us about their need for workspace Even cooperative groups are catered for we provide them with workspace through this programme called One Local Government One Product Scheme OLP We provide workspace capital and equipmen to each cooperative we disbursed funds to we give 70 percent of loan and 30 percent grant for each cooperative and there is no interest on it Through CBN s Agricultural Business Small Medium Enterprises Investment Scheme loan we have been training entrepreneurs in our agency she said Ojogbede noted that most applications received for the CBN loan had been forwarded to NIRSAL Microfinance Bank saddled with disbursement of funds She further stated that funds had been disbursed to about 55 percent of the applicants out of the 355 entrepreneurs that applied for loans in the state Edited by Mufutau Ojo NAN
    SMEDAN trains 500 entrepreneurs in Oyo
      Mrs Iyabo Ojogbede the Oyo State Manager of Small and Medium Enterprises Development Agency of Nigeria SMEDAN says the agency trained more than 500 entrepreneurs in the state in 2019 to improve their productivity Ojogbede stated this in Ibadan on Tuesday while speaking on the agency s activities in 2019 She said there were numerous platforms provided for people in the state to enhance their businesses as well as boost economic opportunities After the training we do empower the entrepreneurs by giving them equipment to start their businesses As for the existing businesses most times they complain to us about their need for workspace Even cooperative groups are catered for we provide them with workspace through this programme called One Local Government One Product Scheme OLP We provide workspace capital and equipmen to each cooperative we disbursed funds to we give 70 percent of loan and 30 percent grant for each cooperative and there is no interest on it Through CBN s Agricultural Business Small Medium Enterprises Investment Scheme loan we have been training entrepreneurs in our agency she said Ojogbede noted that most applications received for the CBN loan had been forwarded to NIRSAL Microfinance Bank saddled with disbursement of funds She further stated that funds had been disbursed to about 55 percent of the applicants out of the 355 entrepreneurs that applied for loans in the state Edited by Mufutau Ojo NAN
    SMEDAN trains 500 entrepreneurs in Oyo
    Economy3 years ago

    SMEDAN trains 500 entrepreneurs in Oyo

    Mrs Iyabo Ojogbede, the Oyo State Manager of Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), says the agency trained more than 500 entrepreneurs in the state in 2019 to improve their productivity.

    Ojogbede stated this in Ibadan on Tuesday while speaking on the agency’s activities in 2019.

    She said there were numerous platforms provided for people in the state to enhance their businesses as well as boost economic opportunities.

    ” After the training, we do empower the entrepreneurs by giving them equipment to start their businesses.

    As for the existing businesses, most times they complain to us about their need for workspace.

    Even cooperative groups are catered for; we provide them with workspace through this programme called One Local Government One Product Scheme (OLP).

    We provide workspace, capital and equipmen to each cooperative we disbursed funds) to; we give 70 percent of loan and 30 percent grant for each cooperative and there is no interest on it.

    ” Through CBN’s Agricultural Business Small Medium Enterprises Investment Scheme loan, we have been training entrepreneurs in our agency,” she said.

    Ojogbede noted that most applications received for the CBN loan had been forwarded to NIRSAL Microfinance Bank saddled  with disbursement of funds.

    She further stated that funds had been disbursed to about 55 percent of the applicants out of the 355 entrepreneurs that applied for  loans in the state.

    (Edited by: Mufutau Ojo)
    (NAN)

  •  SWOFON commends women farmers successes in spite of challengesThe Small Scale Women Farmers Organisation of Nigeria SWOFON has commended efforts made by women farmers in the country in contributing to food security in spite of the numerous challenges they are facing The President of the organisation Mrs Mary Afan made the commendation at the end of the group s Annual Farmers Forum in Abuja Afan said in spite of their challenges that ranged from poor access to credit inputs and other facilities women farmers had proved that they were a strong pillar She said this is a forum where every year we come together to share experience engage with government officials to see how we can have a space as small holder women farmers to be able to access whatever the government has for small holder farmers she said The president noted that some of the high points of the forum was discussion around having access to finance inputs and other issues affecting women farmers She said the organisation was not resting on its oars in ensuring that small holder women farmers had their needs met Some of our women have testified that they have been able to access processing machines through our organisation and the SMEDAN programme that is going on in the states because of the organised structure we have she said Afan called on government and other stakeholders to assist women farmers where necessary to enable them to contribute their quota to the development of the nation She said we still want the government to involve small holder women farmers in the budget process because we want them to capture the issues that affect us I also want a specific amount of that budget to be targeted at small holder women farmers she said She further said we have also been advocating that Nigeria is a signatory to the Malabu declaration which says each African government should commit 10 per cent of the total budget to the Agriculturalists Sector If there is an increase in the agricultural sector we will be able to feed the nation because we will be able to expand production and it is something that will actually help us On the border closure she said some of our women said the border closure is a benefit to us because you can see rice has now become hot cake We are able to sell even at an increased price and even though Nigeria is a signatory to the African Free Continental Trade Agreement the border closure is giving us a strength to see how we can stand We can actually feed ourselves we can actually produce what other people need We just understand that Ghana said they are the major exporter of Shea butter and this Shea butter they are exporting is from Nigeria When the border was closed they had nothing to export So it means that Ghana depends on Nigeria to get her Shea butter for the export This is opening our eyes that we need actually to plan very well to have a large economy of scale of whatever we can produce she said Mr Jaye Gaskiya the Vice Chairman of the Board of Trustees of SWOFON said the forum an annual gathering of the organisation was meant to help the farmers to strategise on how to improve on the successes recorded so far He said one of the key takeaways from here is as someone who saw they organisation when it started some years ago I feel fulfilled and proud The second takeaway is that building on their successes we are seeing a situation where the stakeholders are seeing that rather than reinventing the wheel they will invest in establishing cooperatives and the rest of that They now know that they have existing cooperatives that they can go to One of the things that SWOFON has been doing in the last one year is the registration of women farmers across the country and they are tracking this in every state of the federation So at the end of this exercise we will be able to have accurate data in terms of the number of active women farmers in the federation He called on men across all sectors particularly in the Agricultural Sector to support women if the economy must move forward He said My background is participatory governance and democratic development There is no way you can have participatory governance if it does not include all the gender and particularly those in society that are marginalised We all know that our society is patriarchal Women are culturally marginalised and structurally marginalised My advice is very simple people ought to understand very clearly that the way we are created we stand on two legs If we attempt to walk on one leg and one hand we are not going to be able to do anything and there is a reason why there are two genders and two sexes It means that society cannot move forward without the collaboration of the two So it is a question of creating the mechanisms for equity to happen in such a way that everybody can contribute his quota and everybody can be enabled to realise their full potentials So you are not doing yourself a disservice you are not undermining yourself by promoting the empowerment of people who are marginalised In fact you are actually building yourself when you do that The National Coordinator of SWOFON Omaboyowa Roberts said the importance of the forum was to create a platform for accountability transparency and strength She said the organisation had recorded a lot of projects in 2019 including advocacy policy engagement with the African Union Ministry of Agriculture and Rural Development of Nigeria state governments and other stakeholders Roberts added that the forum created platform to strengthen some of the gaps observed over the years like improved financing and building of partnerships and linkages We believe that with the cross border agreement and with the opportunities coming through the Agriculture Promotion Policy there is a need and emphasis to strengthen collaboration across sectors We are going to be planning our annual 2020 plan to see the successes we can leverage on and the platforms and opportunities to leverage on as an organisation she said Edited amp Vetted By Abdullahi Yusuf NAN
    SWOFON commends women farmers’ successes in spite of challenges
     SWOFON commends women farmers successes in spite of challengesThe Small Scale Women Farmers Organisation of Nigeria SWOFON has commended efforts made by women farmers in the country in contributing to food security in spite of the numerous challenges they are facing The President of the organisation Mrs Mary Afan made the commendation at the end of the group s Annual Farmers Forum in Abuja Afan said in spite of their challenges that ranged from poor access to credit inputs and other facilities women farmers had proved that they were a strong pillar She said this is a forum where every year we come together to share experience engage with government officials to see how we can have a space as small holder women farmers to be able to access whatever the government has for small holder farmers she said The president noted that some of the high points of the forum was discussion around having access to finance inputs and other issues affecting women farmers She said the organisation was not resting on its oars in ensuring that small holder women farmers had their needs met Some of our women have testified that they have been able to access processing machines through our organisation and the SMEDAN programme that is going on in the states because of the organised structure we have she said Afan called on government and other stakeholders to assist women farmers where necessary to enable them to contribute their quota to the development of the nation She said we still want the government to involve small holder women farmers in the budget process because we want them to capture the issues that affect us I also want a specific amount of that budget to be targeted at small holder women farmers she said She further said we have also been advocating that Nigeria is a signatory to the Malabu declaration which says each African government should commit 10 per cent of the total budget to the Agriculturalists Sector If there is an increase in the agricultural sector we will be able to feed the nation because we will be able to expand production and it is something that will actually help us On the border closure she said some of our women said the border closure is a benefit to us because you can see rice has now become hot cake We are able to sell even at an increased price and even though Nigeria is a signatory to the African Free Continental Trade Agreement the border closure is giving us a strength to see how we can stand We can actually feed ourselves we can actually produce what other people need We just understand that Ghana said they are the major exporter of Shea butter and this Shea butter they are exporting is from Nigeria When the border was closed they had nothing to export So it means that Ghana depends on Nigeria to get her Shea butter for the export This is opening our eyes that we need actually to plan very well to have a large economy of scale of whatever we can produce she said Mr Jaye Gaskiya the Vice Chairman of the Board of Trustees of SWOFON said the forum an annual gathering of the organisation was meant to help the farmers to strategise on how to improve on the successes recorded so far He said one of the key takeaways from here is as someone who saw they organisation when it started some years ago I feel fulfilled and proud The second takeaway is that building on their successes we are seeing a situation where the stakeholders are seeing that rather than reinventing the wheel they will invest in establishing cooperatives and the rest of that They now know that they have existing cooperatives that they can go to One of the things that SWOFON has been doing in the last one year is the registration of women farmers across the country and they are tracking this in every state of the federation So at the end of this exercise we will be able to have accurate data in terms of the number of active women farmers in the federation He called on men across all sectors particularly in the Agricultural Sector to support women if the economy must move forward He said My background is participatory governance and democratic development There is no way you can have participatory governance if it does not include all the gender and particularly those in society that are marginalised We all know that our society is patriarchal Women are culturally marginalised and structurally marginalised My advice is very simple people ought to understand very clearly that the way we are created we stand on two legs If we attempt to walk on one leg and one hand we are not going to be able to do anything and there is a reason why there are two genders and two sexes It means that society cannot move forward without the collaboration of the two So it is a question of creating the mechanisms for equity to happen in such a way that everybody can contribute his quota and everybody can be enabled to realise their full potentials So you are not doing yourself a disservice you are not undermining yourself by promoting the empowerment of people who are marginalised In fact you are actually building yourself when you do that The National Coordinator of SWOFON Omaboyowa Roberts said the importance of the forum was to create a platform for accountability transparency and strength She said the organisation had recorded a lot of projects in 2019 including advocacy policy engagement with the African Union Ministry of Agriculture and Rural Development of Nigeria state governments and other stakeholders Roberts added that the forum created platform to strengthen some of the gaps observed over the years like improved financing and building of partnerships and linkages We believe that with the cross border agreement and with the opportunities coming through the Agriculture Promotion Policy there is a need and emphasis to strengthen collaboration across sectors We are going to be planning our annual 2020 plan to see the successes we can leverage on and the platforms and opportunities to leverage on as an organisation she said Edited amp Vetted By Abdullahi Yusuf NAN
    SWOFON commends women farmers’ successes in spite of challenges
    Agriculture3 years ago

    SWOFON commends women farmers’ successes in spite of challenges

    SWOFON commends women farmers’ successes in spite of challenges

    The Small Scale Women Farmers Organisation of Nigeria(SWOFON) has commended efforts made by women farmers in the country in contributing to food security in spite of the numerous challenges they are facing.

    The President of the organisation, Mrs Mary Afan, made the commendation at the end of the group’s Annual Farmers’ Forum in Abuja.

    Afan said in spite of their challenges that ranged from poor access to credit, inputs and other facilities, women farmers had proved that they were a strong pillar.

    She said, “this is a forum where every year we come together to share experience, engage with government officials to see how we can have a space as small holder women farmers to be able to access whatever the government has for small holder farmers,” she said.

    The president noted that some of the high points of the forum was discussion around having access to finance, inputs and other issues affecting women farmers.

    She said the organisation was not resting on its oars in ensuring that small holder women farmers had their needs met.

    “Some of our women have testified that they have been able to access processing machines through our organisation and the SMEDAN programme that is going on in the states because of the organised structure we have,” she said.

    Afan called on government and other stakeholders to assist women farmers where necessary, to enable them to contribute their quota to the development of the nation.

    She said: “we still want the government to involve small holder women farmers in the budget process because we want them to capture the issues that affect us.

    ” I also want a specific amount of that budget to be targeted at small holder women farmers,” she said.

    She further said, “we have also been advocating that Nigeria is a signatory to the Malabu declaration which says each African government should commit 10 per cent of the total budget to the Agriculturalists Sector.

    “If there is an increase in the agricultural sector, we will be able to feed the nation because we will be able to expand production and it is something that will actually help us.

    On the border closure, she said, “some of our women said the border closure is a benefit to us because you can see rice has now become hot cake.

    ” We are able to sell even at an increased price and even though Nigeria is a signatory to the African Free Continental Trade Agreement, the border closure is giving us a strength to see how we can stand.

    “We can actually feed ourselves, we can actually produce what other people need. We just understand that Ghana said they are the major exporter of Shea butter and this Shea butter they are exporting is from Nigeria.

    ” When the border was closed, they had nothing to export. So, it means that Ghana depends on Nigeria to get her Shea butter for the export.

    “This is opening our eyes that we need actually to plan very well to have a large economy of scale of whatever we can produce,” she said.

    Mr Jaye Gaskiya, the Vice Chairman of the Board of Trustees of SWOFON, said the forum, an annual gathering of the organisation, was meant to help the farmers to strategise on how to improve on the successes recorded so far.

    He said, “one of the key takeaways from here is, as someone, who saw they organisation when it started some years ago, I feel fulfilled and proud.

    ” The second takeaway is that, building on their successes, we are seeing a situation where the stakeholders are seeing that rather than reinventing the wheel, they will invest in establishing cooperatives and the rest of that. They now know that they have existing cooperatives that they can go to.

    “One of the things that SWOFON has been doing in the last one year is the registration of women farmers across the country and they are tracking this in every state of the federation.

    ” So at the end of this exercise we will be able to have accurate data in terms of the number of active women farmers in the federation.

    He called on men across all sectors, particularly in the Agricultural Sector to support women if the economy must move forward.

    He said,” My background is participatory governance and democratic development. There is no way you can have participatory governance if it does not include all the gender and particularly those in society that are marginalised.

    “We all know that our society is patriarchal. Women are culturally marginalised and structurally marginalised.

    “My advice is very simple, people ought to understand very clearly that, the way we are created, we stand on two legs.

    If we attempt to walk on one leg and one hand, we are not going to be able to do anything, and there is a reason why there are two genders and two sexes.

    ” It means that society cannot move forward without the collaboration of the two. So it is a question of creating the mechanisms for equity to happen in such a way that everybody can contribute his quota and everybody can be enabled to realise their full potentials.

    “So, you are not doing yourself a disservice, you are not undermining yourself by promoting the empowerment of people who are marginalised. In fact you are actually building yourself when you do that.

    The National Coordinator of SWOFON, Omaboyowa Roberts, said the importance of the forum was to create a platform for accountability, transparency and strength.

    She said the organisation had recorded a lot of projects in 2019 including advocacy, policy engagement with the African Union, Ministry of Agriculture and Rural Development of Nigeria, state governments and other stakeholders.

    Roberts added that the forum created platform to strengthen some of the gaps observed over the years like improved financing and building of partnerships and linkages.

    ” We believe that with the cross border agreement and with the opportunities coming through the Agriculture Promotion Policy, there is a need and emphasis to strengthen collaboration across sectors.

    “We are going to be planning our annual 2020 plan to see the successes we can leverage on and the platforms and opportunities to leverage on as an organisation,” she said.

    Edited & Vetted By: Abdullahi Yusuf
    (NAN)

  •  Market Kano Dec 5 2019 The Small and Medium Development Agency of Nigeria SMEDAN has identified lack of access to local regional and global markets as one of major challenges militating against optimal performance of Micro Small and Medium Enterprises MSMEs in the country The Director General SMEDAN Dr Dikko Radda stated this at the match making session between MSMEs and large enterprises under the MSMEs Market Linkage Initiative held in Kano on Thursday Radda who was represented by Mr Monday Ewans said that as part of effort to address the challenge in a holistic manner the agency had developed a programme tagged the MSMEs market linkage initiative aimed at facilitating market access for MSMEs by keying them into value chain of large organisations This will bridge the gap and enable local content development and participation in various sectors of the economy The initiative is designed such that by creating market access for active Micro Small and Medium Enterprises operating in Nigeria they are able to contribute to economic growth and development through increased output and income he said According to him the initiative would also bridge the gap between large enterprises and MSMEs while fostering networking and partnership opportunities Participating MSMEs will therefore need to compete for patronage from large enterprises through quality products and effective service delivery thereby increasing efficiency of operations and cost competitiveness he said Radda said in order to facilitate the seamless implementation the initiative targeted made in Nigeria goods produced by MSMEs by creating strong marketing and off taker arrangements with large enterprises The event today seeks to present a platform for the profiled MSMEs to have the opportunity to meet with targetted large enterprises for the purpose of creating off taker arrangements between them he said The SMEDAN Director General said the agency would continue to support and work with MSMEs so as to achieve the MSMEs sub sector in the country in the area of promoting job creation wealth creation poverty alleviation and sustained contribution to the economic growth and development In her remarks the Executive Secretary Nigerian Investment Promotion Commission NIPC Ms Yewande Sadiku said the collaboration between the two organisations would encourage and promote producers of industrial inputs that could be used as industrial raw materials for large companies Sadiku who was represented by Mr Manzo Ahmad said the meeting would also create market access for credible MSMEs by keying them into the value chain of large organisations NAN reports that the meeting was attended by various stakeholders including representatives of Manufacturers Association of Nigeria MAN National Association of Small Scale Industrialists NASSI and African Women Entrepreneurship Programme AWEP among others Edited By Kamal Tayo Oropo Tukur Muntari
    SMEDAN identifies lack of access to market as major challenge to MSMEs
     Market Kano Dec 5 2019 The Small and Medium Development Agency of Nigeria SMEDAN has identified lack of access to local regional and global markets as one of major challenges militating against optimal performance of Micro Small and Medium Enterprises MSMEs in the country The Director General SMEDAN Dr Dikko Radda stated this at the match making session between MSMEs and large enterprises under the MSMEs Market Linkage Initiative held in Kano on Thursday Radda who was represented by Mr Monday Ewans said that as part of effort to address the challenge in a holistic manner the agency had developed a programme tagged the MSMEs market linkage initiative aimed at facilitating market access for MSMEs by keying them into value chain of large organisations This will bridge the gap and enable local content development and participation in various sectors of the economy The initiative is designed such that by creating market access for active Micro Small and Medium Enterprises operating in Nigeria they are able to contribute to economic growth and development through increased output and income he said According to him the initiative would also bridge the gap between large enterprises and MSMEs while fostering networking and partnership opportunities Participating MSMEs will therefore need to compete for patronage from large enterprises through quality products and effective service delivery thereby increasing efficiency of operations and cost competitiveness he said Radda said in order to facilitate the seamless implementation the initiative targeted made in Nigeria goods produced by MSMEs by creating strong marketing and off taker arrangements with large enterprises The event today seeks to present a platform for the profiled MSMEs to have the opportunity to meet with targetted large enterprises for the purpose of creating off taker arrangements between them he said The SMEDAN Director General said the agency would continue to support and work with MSMEs so as to achieve the MSMEs sub sector in the country in the area of promoting job creation wealth creation poverty alleviation and sustained contribution to the economic growth and development In her remarks the Executive Secretary Nigerian Investment Promotion Commission NIPC Ms Yewande Sadiku said the collaboration between the two organisations would encourage and promote producers of industrial inputs that could be used as industrial raw materials for large companies Sadiku who was represented by Mr Manzo Ahmad said the meeting would also create market access for credible MSMEs by keying them into the value chain of large organisations NAN reports that the meeting was attended by various stakeholders including representatives of Manufacturers Association of Nigeria MAN National Association of Small Scale Industrialists NASSI and African Women Entrepreneurship Programme AWEP among others Edited By Kamal Tayo Oropo Tukur Muntari
    SMEDAN identifies lack of access to market as major challenge to MSMEs
    Economy3 years ago

    SMEDAN identifies lack of access to market as major challenge to MSMEs

    Market

    Kano, Dec. 5, 2019 The Small and Medium Development Agency of Nigeria (SMEDAN) has identified lack of access to local, regional and global markets as one of major challenges militating against optimal performance of Micro, Small and Medium Enterprises (MSMEs) in the country.

    The Director General, SMEDAN, Dr Dikko Radda, stated this at the match-making session between MSMEs and large enterprises under the MSMEs Market Linkage Initiative held in Kano on Thursday.

    Radda, who was represented by Mr Monday Ewans, said that as part of effort to address the challenge in a holistic manner, the agency had developed a programme tagged ‘the MSMEs market linkage initiative’, aimed at facilitating market access for MSMEs by keying them into value chain of large organisations.

    “This will bridge the gap and enable local content development and participation in various sectors of the economy.

    “The initiative is designed such that by creating market access for active Micro, Small and Medium Enterprises operating in Nigeria, they are able to contribute to economic growth and development, through increased output and income,” he said.

    According to him, the initiative would also bridge the gap between large enterprises and MSMEs, while fostering networking and partnership opportunities.

    “Participating MSMEs will, therefore, need to compete for patronage from large enterprises through quality products and effective service delivery; thereby increasing efficiency of operations and cost competitiveness,” he said.

    Radda said in order to facilitate the seamless implementation, the initiative targeted made-in-Nigeria goods produced by MSMEs by creating strong marketing and off-taker arrangements with large enterprises.

    “The event today seeks to present a platform for the profiled MSMEs to have the opportunity to meet with targetted large enterprises for the purpose of creating off-taker arrangements between them,” he said.

    The SMEDAN Director General said the agency would continue to support and work with MSMEs so as to achieve the MSMEs sub-sector in the country in the area of promoting job creation, wealth creation, poverty alleviation and sustained contribution to the economic growth and development.

    In her remarks, the Executive Secretary, Nigerian Investment Promotion Commission (NIPC) Ms Yewande Sadiku, said the collaboration between the two organisations would encourage and promote producers of industrial inputs that could be used as industrial raw materials for large companies.

    Sadiku, who was represented by Mr Manzo Ahmad, said the meeting would also create market access for credible MSMEs by keying them into the value chain of large organisations.

    NAN reports that the meeting was attended by various stakeholders, including representatives of Manufacturers Association of Nigeria (MAN), National Association of Small Scale Industrialists (NASSI) and African Women Entrepreneurship Programme (AWEP) among others.


    Edited By: Kamal Tayo Oropo/Tukur Muntari.

  •  The Small and Medium Enterprises Development Agency SMEDAN has called for the use of Bank Verification Number BVN as collateral to access micro credits by the Micro Small and Medium Enterprises MSMEs Dr Dikko Radda SMEDAN Director General made the call on Thursday in Uyo at the ongoing 11th meeting of the National Council on Industry Trade and Investment organised by the ministry Dikko said that the banking industry could consider the BVN as adequate requirement to provide micro credits to the MSMEs since it had been embedded with critical details of the owner Decrying lack of access to affordable finance by MSMEs he expressed optimism that as Mpesa revolutionised access to finance in Kenya BVN could create access to finance for informal entrepreneurs in Nigeria This can change the story line of the sub sector The Nigerian banks can look at the idea as an option to provide micro credits to boost the MSMEs and foster economic development he said Presenting a paper entitled The Role of Small and Medium Enterprises and Entrepreneurship As Bedrock for the Development of Developing Economies he decried many challenges facing the MSMEs He identified lack of access to affordable finance as one of such challenges Dikko said the challenges notwithstanding MSMEs played pivotal role in economic development beyond employment generation to creating opportunities for Foreign Direct Investment FDI He also noted that MSMMEs had contributed to technological innovation helped in addressing youth restiveness and insecurity and improved standard of living as well as direct creation of wealth and reduction of poverty The Director General also said that MSMEs contribution to the manufacturing sector and Gross Domestic Product was significant in terms of share in total value added Citing the 2017 MSMEs survey report he said noted that there were over 41 million MSMEs in four major sectors in Nigeria wholesale and retail trade agriculture manufacturing and accommodation According to the report some of the MSMEs usually experience closure of business due to lack of funds economic meltdown and low patronage and inadequate power supply He called for increased pool of fund and patronage to enable MSMEs take advantage of African Growth and Opportunity Act AGOA and African Continental Free Trade Area agreement export windows The MSME boss also called for increased patronage of MSMEs in the procurement process of the federal state and all local governments to address the issue of access to markets The meeting of the national council organised by the ministry was scheduled is expected to hold between Dec 2 and Dec 6 It has as a theme The Role of Small and Medium Businesses in Poverty Alleviation in Nigeria The Way Forward Edited amp Vetted By Chidinma Agu Dada Ahmed NAN
    SMEDAN advocates use of BVN as collateral to access micro-credits
     The Small and Medium Enterprises Development Agency SMEDAN has called for the use of Bank Verification Number BVN as collateral to access micro credits by the Micro Small and Medium Enterprises MSMEs Dr Dikko Radda SMEDAN Director General made the call on Thursday in Uyo at the ongoing 11th meeting of the National Council on Industry Trade and Investment organised by the ministry Dikko said that the banking industry could consider the BVN as adequate requirement to provide micro credits to the MSMEs since it had been embedded with critical details of the owner Decrying lack of access to affordable finance by MSMEs he expressed optimism that as Mpesa revolutionised access to finance in Kenya BVN could create access to finance for informal entrepreneurs in Nigeria This can change the story line of the sub sector The Nigerian banks can look at the idea as an option to provide micro credits to boost the MSMEs and foster economic development he said Presenting a paper entitled The Role of Small and Medium Enterprises and Entrepreneurship As Bedrock for the Development of Developing Economies he decried many challenges facing the MSMEs He identified lack of access to affordable finance as one of such challenges Dikko said the challenges notwithstanding MSMEs played pivotal role in economic development beyond employment generation to creating opportunities for Foreign Direct Investment FDI He also noted that MSMMEs had contributed to technological innovation helped in addressing youth restiveness and insecurity and improved standard of living as well as direct creation of wealth and reduction of poverty The Director General also said that MSMEs contribution to the manufacturing sector and Gross Domestic Product was significant in terms of share in total value added Citing the 2017 MSMEs survey report he said noted that there were over 41 million MSMEs in four major sectors in Nigeria wholesale and retail trade agriculture manufacturing and accommodation According to the report some of the MSMEs usually experience closure of business due to lack of funds economic meltdown and low patronage and inadequate power supply He called for increased pool of fund and patronage to enable MSMEs take advantage of African Growth and Opportunity Act AGOA and African Continental Free Trade Area agreement export windows The MSME boss also called for increased patronage of MSMEs in the procurement process of the federal state and all local governments to address the issue of access to markets The meeting of the national council organised by the ministry was scheduled is expected to hold between Dec 2 and Dec 6 It has as a theme The Role of Small and Medium Businesses in Poverty Alleviation in Nigeria The Way Forward Edited amp Vetted By Chidinma Agu Dada Ahmed NAN
    SMEDAN advocates use of BVN as collateral to access micro-credits
    Economy3 years ago

    SMEDAN advocates use of BVN as collateral to access micro-credits

    The Small and Medium Enterprises Development Agency (SMEDAN) has called for the use of Bank Verification Number (BVN) as collateral to access micro-credits by the Micro, Small and Medium Enterprises (MSMEs).

    Dr Dikko Radda, SMEDAN Director-General, made the call on Thursday in Uyo at the ongoing 11th meeting of the National Council on Industry, Trade and Investment organised by the ministry.

    Dikko said that the banking industry could consider the BVN as adequate requirement to provide micro-credits to the MSMEs since it had been embedded with critical details of the owner.

    Decrying lack of access to affordable finance by MSMEs, he expressed optimism that as Mpesa revolutionised access to finance in Kenya, BVN could create access to finance for informal entrepreneurs in Nigeria.

    “This can change the story line of the sub-sector.

    ”The Nigerian banks can look at the idea as an option to provide micro-credits to boost the MSMEs and foster economic development,’’ he said.

    Presenting a paper entitled, “The Role of Small and Medium Enterprises and Entrepreneurship As Bedrock for the Development of Developing Economies’’ he decried many challenges facing the MSMEs.

    He identified lack of access to affordable finance as one of such challenges.

    Dikko said the challenges notwithstanding, MSMEs played pivotal role in economic development beyond employment generation to creating opportunities for Foreign Direct Investment (FDI).

    He also noted that MSMMEs had contributed to technological innovation, helped in addressing youth restiveness and insecurity and improved standard of living as well as direct creation of wealth and reduction of poverty.

    The Director-General also said that MSMEs’ contribution to the manufacturing sector and Gross Domestic Product was significant in terms of share in total value added.

    Citing the 2017 MSMEs survey report, he said noted that there were over 41 million MSMEs in four major sectors in Nigeria (wholesale and retail trade, agriculture, manufacturing and accommodation).

    According to the report, some of the MSMEs usually experience closure of business due to lack of funds, economic meltdown, and low patronage and inadequate power supply.

    He called for increased pool of fund and patronage to enable MSMEs take advantage of African Growth and Opportunity Act (AGOA) and African Continental Free Trade Area agreement export windows.

    The MSME boss also called for increased patronage of MSMEs in the procurement process of the federal, state and all local governments, to address the issue of access to markets.

    The meeting of the national council, organised by the ministry, was scheduled is expected to hold between Dec. 2 and Dec. 6

    It has as a theme : “The Role of Small and Medium Businesses in Poverty Alleviation in Nigeria: The Way Forward.”

     

    Edited & Vetted By: Chidinma Agu/Dada Ahmed
    (NAN)

  •  The Bank of Industry BOI on Wednesday in Lagos urged the banking sector to endeavour to play its part in supporting entrepreneurship in a sustainable way in the country Mr Olukayo Pitan Chief Executive Officer of BOI made the call at the Entrepreneurial Development Programme and Public Presentation of Practice License organised by the Chartered Institute of Bankers of Nigeria CIBN The Nigeria News Agency reports that the programme which was the 8th edition had as its theme Entrepreneurship for Inclusive Growth Opportunities and Sustainability Strategies At Bank of Industry we believe that there can be no inclusive growth and sustainable development in Nigeria if we do not deliberately and proactively ensure that existing challenges that hold back a majority of our population from reaching their full potential are addressed Thus social and economic progress cannot be achieved without economically empowering the population especially women and youth Given that a majority of us present here are from the banking sector and therefore hold a majority of the investment decision making powers of this nation I want to use this forum to humbly ask that we all do our respective parts toward supporting entrepreneurship in a sustainable manner he said Pitan was represented by the Group Head of Strategy BOI Mr Yinka Adeboye The Chairman Board of Directors Small and Medium Enterprises Development Agency of Nigeria SMEDAN Mr Femi Pedro urged entrepreneurs to develop passion for whatever it was they wanted to go into There is a lot of difference between entrepreneur and a successful entrepreneur According to National Bureau of Statistics and SMEDAN there are 41 million Nigerian entrepreneurs in Nigeria and only two per cent are running a successful business The reason is very simple a lot of people run into entrepreneurial because they are forced into it They don t have a job so they must do it When you do something you don t have passion for and knowledge of you will not succeed So whatever entrepreneurship project that you are going to undertake my first advice is that you develop passion for that business and love it that is the only way you can succeed he said Earlier the President of CIBN Mr Uche Olowu said entrepreneurship was important in achieving sustainable development and inclusive growth in the country The rate of unemployment in Nigeria is on the increase according to NBS unemployment rose to 23 1 per cent in first quarter of the year to 22 7 per cent in second quarter As if this situation is not scary enough it is projected that the unemployment rate in this country will reach 33 5 per cent in year 2020 It is therefore evident that entrepreneurship is important in our quest to achieving sustainable development and inclusive growth and it s the key driver for job creation he said NAN reports that the programme which accorded about 300 CIBN members licence to practice was initiated to enable members utilise their wealth of experience independently serving the bank and ally industries Edited amp Vetted By Oluwole Sogunle NAN
    Banking sector should support entrepreneurship in sustainable manner — Pitan
     The Bank of Industry BOI on Wednesday in Lagos urged the banking sector to endeavour to play its part in supporting entrepreneurship in a sustainable way in the country Mr Olukayo Pitan Chief Executive Officer of BOI made the call at the Entrepreneurial Development Programme and Public Presentation of Practice License organised by the Chartered Institute of Bankers of Nigeria CIBN The Nigeria News Agency reports that the programme which was the 8th edition had as its theme Entrepreneurship for Inclusive Growth Opportunities and Sustainability Strategies At Bank of Industry we believe that there can be no inclusive growth and sustainable development in Nigeria if we do not deliberately and proactively ensure that existing challenges that hold back a majority of our population from reaching their full potential are addressed Thus social and economic progress cannot be achieved without economically empowering the population especially women and youth Given that a majority of us present here are from the banking sector and therefore hold a majority of the investment decision making powers of this nation I want to use this forum to humbly ask that we all do our respective parts toward supporting entrepreneurship in a sustainable manner he said Pitan was represented by the Group Head of Strategy BOI Mr Yinka Adeboye The Chairman Board of Directors Small and Medium Enterprises Development Agency of Nigeria SMEDAN Mr Femi Pedro urged entrepreneurs to develop passion for whatever it was they wanted to go into There is a lot of difference between entrepreneur and a successful entrepreneur According to National Bureau of Statistics and SMEDAN there are 41 million Nigerian entrepreneurs in Nigeria and only two per cent are running a successful business The reason is very simple a lot of people run into entrepreneurial because they are forced into it They don t have a job so they must do it When you do something you don t have passion for and knowledge of you will not succeed So whatever entrepreneurship project that you are going to undertake my first advice is that you develop passion for that business and love it that is the only way you can succeed he said Earlier the President of CIBN Mr Uche Olowu said entrepreneurship was important in achieving sustainable development and inclusive growth in the country The rate of unemployment in Nigeria is on the increase according to NBS unemployment rose to 23 1 per cent in first quarter of the year to 22 7 per cent in second quarter As if this situation is not scary enough it is projected that the unemployment rate in this country will reach 33 5 per cent in year 2020 It is therefore evident that entrepreneurship is important in our quest to achieving sustainable development and inclusive growth and it s the key driver for job creation he said NAN reports that the programme which accorded about 300 CIBN members licence to practice was initiated to enable members utilise their wealth of experience independently serving the bank and ally industries Edited amp Vetted By Oluwole Sogunle NAN
    Banking sector should support entrepreneurship in sustainable manner — Pitan
    Economy3 years ago

    Banking sector should support entrepreneurship in sustainable manner — Pitan

    The Bank of Industry (BOI), on Wednesday in Lagos, urged the banking sector to endeavour to play its part in supporting entrepreneurship in a sustainable way in the country.

    Mr Olukayo Pitan, Chief Executive Officer of BOI, made the call at the Entrepreneurial Development Programme and Public Presentation of Practice License, organised by the Chartered Institute of Bankers of Nigeria (CIBN).

    The Nigeria News Agency reports that the programme, which was the 8th edition, had as its theme: Entrepreneurship for Inclusive Growth: Opportunities and Sustainability Strategies.

    “At Bank of Industry, we believe that there can be no inclusive growth and sustainable development in Nigeria, if we do not deliberately and proactively ensure that existing challenges that hold back a majority of our population from reaching their full potential are addressed.

    “Thus, social and economic progress cannot be achieved without economically empowering the population, especially women and youth.

    “Given that a majority of us present here are from the banking sector, and therefore, hold a majority of the investment decision-making powers of this nation, I want to use this forum to humbly ask that we all do our respective parts toward supporting entrepreneurship in a sustainable manner,” he said.

    Pitan was represented by the Group Head of Strategy, BOI, Mr Yinka Adeboye.

    The Chairman, Board of Directors, Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), Mr Femi Pedro, urged entrepreneurs to develop passion for whatever it was they wanted to go into.

    “There is a lot of difference between entrepreneur and a successful entrepreneur.

    “According to National Bureau of Statistics and SMEDAN, there are 41 million Nigerian entrepreneurs in Nigeria and only two per cent are running a successful business.

    “The reason is very simple, a lot of people run into entrepreneurial because they are forced into it. They don’t have a job, so they must do it.

    ” When you do something you don’t have passion for and knowledge of, you will not succeed.

    “So, whatever entrepreneurship project that you are going to undertake, my first advice is that you develop passion for that business and love it; that is the only way you can succeed,” he said.

    Earlier, the President of CIBN, Mr Uche Olowu, said entrepreneurship was important in achieving sustainable development and inclusive growth in the country.

    “The rate of unemployment in Nigeria is on the increase; according to NBS, unemployment rose to 23.1 per cent in first quarter of the year, to 22.7 per cent in second quarter.

    “As if this situation is not scary enough, it is projected that the unemployment rate in this country will reach 33.5 per cent in year 2020.

    “It is, therefore, evident that entrepreneurship is important in our quest to achieving sustainable development and inclusive growth and it’s the key driver for job creation,” he said.

    NAN reports that the programme, which accorded about 300 CIBN members licence to practice, was initiated to enable members utilise their wealth of experience independently, serving the bank and ally industries.

    Edited & Vetted By: Oluwole Sogunle
    (NAN)

  •   The Small and Medium Enterprises Developmnt Agency of Nigeria SEMEDAN says review of National Policy on Micro Small and Medium Enterprises MSMEs will engender socio economic development if seamlessly implemented at national and state levels The Director General of SMEDAN Mr Dikko Radda made this observation at the National Stakeholders Engagement for Review of the National Policy on MSMEs organised by SMEDAN in Owerri on Tuesday He said that the recently released National Survey on MSMEs estimated that MSMEs in Nigeria contributed 49 78 per cent to the Gross Domestic Product GDP of Nigeria in the face of daunting challenges Radda was represented by Mr Wale Fasanya the Director of Planning Research Policy Monitoring and Evaluation at SMEDAN He said the MSME sub sector according to the survey had created over 59 647 million employments across the country with the micro enterprises accounting for over 41 469 million representing 99 8 per cent of the entire MSME of the populace He said that if the government and all stakeholders collaborated to provide an enabling environment the MSMEs could get the country out of the present predicament of unacceptable rate of unemployment illicit financial engagements insecurity political and social violence The director general said that the review of the national policy on MSMEs would fast track the process for creating the much needed enabling environment while the issue of unemployment would be resolved within the shortest possible time He enumerated the achievements of SMEDAN in the past two years to include access to finance technology and entrepreneurship training in the agency s One Local Government One Product programme by 109 cooperatives while 19 550 micro enterprises had access to the agency s Conditional Grant Scheme Radda said that 460 young business owners were provided with workspaces in Anambra Kebbi Kogi Cross Rivers and Osun states under the Young Business Owners programme He said there was the need for a cohesive public private partnership in the implementation of the National Policy on MSMEs for it to be effective The need for a long term MSME strategy provided by a national policy on MSMEs as an imperative for national development cannot be over emphasised This is why emphasis is placed on reviewing the document every four years to be sure that the full potential that exist within the MSME space is fully explored and exploited I equally know that the gathering of great minds here today will not also shy away from discussing the need to engage all enablers regulatory and compliance in mutual advocacy towards creating an environment that is truly enabling for MEMEs he said Mr Leonard Ugboaja the Senior Special Assistant to the Imo Government on Ease of Doing Business who represented the Gov Emeka Ihedioha commended the organisers for choosing Imo as the venue of the programme for the South East Zone He said the state government was passioinate about the growth of Small and Medium Scale Enterprises SMSEs and had initiated moves to empower the youths in the area of Agriculture modern farming techniques ICT and Technical and Vocational Education among others Ugboaja said the state government was renovating four vocational institutions and had commenced massive road construction adding that the vision of the government was to give the people the much desired succour He expressed optimism that the deliberations would contribute meaningfully to the growth of MSMEs in the state and country in general Mr Levi Ayinkwa the South East Zonal Coordinator for SMEDAN said that the agency had spearheaded some novel initiatives that had opened the doors of entrepreneurship development across the country in the last two years He said the National Policy on MSMEs which was the maiden policy formulated in 2007 stipulated a review every four years He said the last review was in 2015 hence the need for a mandatory harvest of inputs from critical stakeholders to ensure the policy was robust inclusive and implementable Ayinkwa said the participants were carefully selected for the development of the policy document and urged them to make inputs based on their fields of expertise I urge you to help in facilitating the seamless implementation of the National Policy on MSMEs in your various organisations when the Federal Executive Council approves the document he said The Nigeria News Agency reports that the participants had demanded for business loans for the rural dwellers without collateral more awareness on business registration in the country reduction in the cost of registration of business and review of the requirements for the registration of business They also urged government to introduce business friendly policies to enable small business enterprises to exist have access to markets and manufacturers and ensure good road network to access the markets and manufacturers CEO TA Edited by Tajudeen Atitebi
    Review of National Policy on MSMEs will engender socio-economic dev. – SMEDAN
      The Small and Medium Enterprises Developmnt Agency of Nigeria SEMEDAN says review of National Policy on Micro Small and Medium Enterprises MSMEs will engender socio economic development if seamlessly implemented at national and state levels The Director General of SMEDAN Mr Dikko Radda made this observation at the National Stakeholders Engagement for Review of the National Policy on MSMEs organised by SMEDAN in Owerri on Tuesday He said that the recently released National Survey on MSMEs estimated that MSMEs in Nigeria contributed 49 78 per cent to the Gross Domestic Product GDP of Nigeria in the face of daunting challenges Radda was represented by Mr Wale Fasanya the Director of Planning Research Policy Monitoring and Evaluation at SMEDAN He said the MSME sub sector according to the survey had created over 59 647 million employments across the country with the micro enterprises accounting for over 41 469 million representing 99 8 per cent of the entire MSME of the populace He said that if the government and all stakeholders collaborated to provide an enabling environment the MSMEs could get the country out of the present predicament of unacceptable rate of unemployment illicit financial engagements insecurity political and social violence The director general said that the review of the national policy on MSMEs would fast track the process for creating the much needed enabling environment while the issue of unemployment would be resolved within the shortest possible time He enumerated the achievements of SMEDAN in the past two years to include access to finance technology and entrepreneurship training in the agency s One Local Government One Product programme by 109 cooperatives while 19 550 micro enterprises had access to the agency s Conditional Grant Scheme Radda said that 460 young business owners were provided with workspaces in Anambra Kebbi Kogi Cross Rivers and Osun states under the Young Business Owners programme He said there was the need for a cohesive public private partnership in the implementation of the National Policy on MSMEs for it to be effective The need for a long term MSME strategy provided by a national policy on MSMEs as an imperative for national development cannot be over emphasised This is why emphasis is placed on reviewing the document every four years to be sure that the full potential that exist within the MSME space is fully explored and exploited I equally know that the gathering of great minds here today will not also shy away from discussing the need to engage all enablers regulatory and compliance in mutual advocacy towards creating an environment that is truly enabling for MEMEs he said Mr Leonard Ugboaja the Senior Special Assistant to the Imo Government on Ease of Doing Business who represented the Gov Emeka Ihedioha commended the organisers for choosing Imo as the venue of the programme for the South East Zone He said the state government was passioinate about the growth of Small and Medium Scale Enterprises SMSEs and had initiated moves to empower the youths in the area of Agriculture modern farming techniques ICT and Technical and Vocational Education among others Ugboaja said the state government was renovating four vocational institutions and had commenced massive road construction adding that the vision of the government was to give the people the much desired succour He expressed optimism that the deliberations would contribute meaningfully to the growth of MSMEs in the state and country in general Mr Levi Ayinkwa the South East Zonal Coordinator for SMEDAN said that the agency had spearheaded some novel initiatives that had opened the doors of entrepreneurship development across the country in the last two years He said the National Policy on MSMEs which was the maiden policy formulated in 2007 stipulated a review every four years He said the last review was in 2015 hence the need for a mandatory harvest of inputs from critical stakeholders to ensure the policy was robust inclusive and implementable Ayinkwa said the participants were carefully selected for the development of the policy document and urged them to make inputs based on their fields of expertise I urge you to help in facilitating the seamless implementation of the National Policy on MSMEs in your various organisations when the Federal Executive Council approves the document he said The Nigeria News Agency reports that the participants had demanded for business loans for the rural dwellers without collateral more awareness on business registration in the country reduction in the cost of registration of business and review of the requirements for the registration of business They also urged government to introduce business friendly policies to enable small business enterprises to exist have access to markets and manufacturers and ensure good road network to access the markets and manufacturers CEO TA Edited by Tajudeen Atitebi
    Review of National Policy on MSMEs will engender socio-economic dev. – SMEDAN
    Economy3 years ago

    Review of National Policy on MSMEs will engender socio-economic dev. – SMEDAN

    The Small and Medium Enterprises Developmnt Agency of Nigeria (SEMEDAN) says review of National Policy on Micro, Small and Medium Enterprises (MSMEs) will engender socio-economic development if seamlessly implemented at national and state levels.

    The Director-General of SMEDAN, Mr Dikko Radda, made this observation at the National Stakeholders Engagement for  “Review of the National Policy on MSMEs” organised by SMEDAN in Owerri on Tuesday.

    He said that the recently released National Survey on MSMEs estimated that MSMEs in Nigeria contributed 49.78 per cent to the Gross Domestic Product (GDP) of Nigeria in the face of daunting challenges.

    Radda was represented by Mr Wale Fasanya, the Director of  Planning, Research, Policy Monitoring and Evaluation at SMEDAN.

    He said the MSME sub-sector according to the survey, had created over 59,647 million employments across the country with the micro enterprises accounting for over 41,469 million, representing 99.8 per cent of the entire MSME of the populace.

    He said that if the government and all stakeholders collaborated to provide an enabling environment, the MSMEs could get the country out of “the present predicament of unacceptable rate of unemployment, illicit financial engagements, insecurity, political and social violence.”

    The director-general said that the review of the national policy on MSMEs would fast-track the process for creating the much needed enabling environment, while the issue of unemployment would be resolved within the shortest possible time.

    He enumerated the achievements of SMEDAN in the past two years to include access to finance, technology and entrepreneurship training in the agency’s “One-Local Government One Product” programme by 109 cooperatives, while 19,550 micro enterprises had access to the agency’s Conditional Grant Scheme.

    Radda said that 460 young business owners were provided with workspaces in Anambra, Kebbi, Kogi, Cross Rivers and Osun states under the “Young Business Owners” programme.

    He said there was the need for a cohesive public-private partnership in the implementation of the National Policy on MSMEs for it to be effective.

    “The need for a long-term MSME strategy (provided by a national policy on MSMEs) as an imperative for national development cannot be over-emphasised.

    “This is why emphasis is placed on reviewing the document every four years to be sure that the full potential that exist within the MSME space is fully explored and exploited.

    “I equally know that the gathering of great minds here today will not also shy away from discussing the need to engage all enablers (regulatory and compliance) in mutual advocacy towards creating an environment that is truly enabling for MEMEs,” he said.

    Mr Leonard Ugboaja, the Senior Special Assistant to the Imo Government on Ease of Doing Business, who represented the Gov. Emeka Ihedioha, commended the organisers for choosing Imo as the venue of the programme for the South East Zone.

    He said the state government was passioinate about the growth of Small and Medium Scale Enterprises (SMSEs) and had initiated moves to empower the youths in the area of Agriculture – modern farming techniques-, ICT, and Technical and Vocational Education, among others.

    Ugboaja said the state government was renovating four vocational institutions and had commenced massive road construction, adding that the vision of the government was to give the people the much desired succour.

    He expressed optimism that  the deliberations would contribute meaningfully to the growth of MSMEs in the state and country in general.

    Mr Levi Ayinkwa, the South-East Zonal Coordinator for SMEDAN, said that the agency had spearheaded some novel initiatives that had opened the doors of entrepreneurship development across the country in the last two years.

    He said the National Policy on MSMEs, which was the maiden policy formulated in 2007, stipulated a review every four years.

    He said the last review was in 2015, hence the need for a mandatory harvest of inputs from critical stakeholders to ensure the policy was robust, inclusive and implementable.

    Ayinkwa said the participants were carefully selected for the development of the policy document and urged them to make inputs based on their fields of expertise.

    “I urge you to help in facilitating the seamless implementation of the National Policy on MSMEs in your various organisations when the Federal Executive Council approves the document,” he said.

    The Nigeria News Agency reports that the participants had demanded for business loans for the rural dwellers without collateral, more awareness on business registration in the country, reduction in the cost of registration of business and review of the requirements for the registration of business.

    They also urged government to introduce business-friendly policies to enable small business enterprises to exist, have access to markets and manufacturers, and ensure good road network to access the markets and manufacturers.

    CEO/TA

    Edited by Tajudeen Atitebi

  •   SMEDAN empowers women groups with machinery grants in Bauchi Small And Medium Enterprises Development Agency of Nigeria SMEDAN has empowered three women groups in Bauchi by providing them with processing machines to further their economic activities in the state The Nigeria News Agency reports that the three women groups were under the Association of Small Scale Women Farmers Organization of Nigeria Bauchi The facilities donated to the beneficiaries included groundnut oil processing herbs moringa tea processing and spices processing machines Speaking during the presentation ceremony in Bauchi on Thursday Dr Umar Radda the Director General of SMEDAN who was represented by Dr Robert Owaiye Director Agric And Business SMEDAN said 20 women cooperatives from Gombe were also extended similar gesture by the agency Today three women groups from Bauchi State will receive machinery grant to further their economic activities in groundnut oil processing herb and moringa tea processing and spices processing Similarly twenty women cooperatives from Gombe State had this week received cheques for N210 000 paid in to their corporate accounts to help them meet identified gaps in their ongoing economic activities Radda said The D G urged the women to use the empowerment grants to enhance their economic status to become role models to other women in their respective communities He also thanked Action Aid Nigeria for standing solidly behind the Agency Also speaking Mr Mahmood Isa North East Zonal Coordinator of SMEDAN said women had established more defined roles in agriculture adding that their roles were affected by socio economic factors Over the years women have established more defined roles in agriculture in Nigeria they are involved in agricultural activities processing and utilization However a woman s role in agricultural sector is significantly affected by socioeconomic factors such as income education and access to infrastructure he said He said that it was for this reason SMEDAN extended its hand of friendship to women to uplift them In his remark Mr Azuibuke Nwokoye Action Aid representative said SMEDAN had been providing supports that would help women farmers and entrepreneurs to develop the country s econony
    SMEDAN empowers women groups with machinery in Bauchi
      SMEDAN empowers women groups with machinery grants in Bauchi Small And Medium Enterprises Development Agency of Nigeria SMEDAN has empowered three women groups in Bauchi by providing them with processing machines to further their economic activities in the state The Nigeria News Agency reports that the three women groups were under the Association of Small Scale Women Farmers Organization of Nigeria Bauchi The facilities donated to the beneficiaries included groundnut oil processing herbs moringa tea processing and spices processing machines Speaking during the presentation ceremony in Bauchi on Thursday Dr Umar Radda the Director General of SMEDAN who was represented by Dr Robert Owaiye Director Agric And Business SMEDAN said 20 women cooperatives from Gombe were also extended similar gesture by the agency Today three women groups from Bauchi State will receive machinery grant to further their economic activities in groundnut oil processing herb and moringa tea processing and spices processing Similarly twenty women cooperatives from Gombe State had this week received cheques for N210 000 paid in to their corporate accounts to help them meet identified gaps in their ongoing economic activities Radda said The D G urged the women to use the empowerment grants to enhance their economic status to become role models to other women in their respective communities He also thanked Action Aid Nigeria for standing solidly behind the Agency Also speaking Mr Mahmood Isa North East Zonal Coordinator of SMEDAN said women had established more defined roles in agriculture adding that their roles were affected by socio economic factors Over the years women have established more defined roles in agriculture in Nigeria they are involved in agricultural activities processing and utilization However a woman s role in agricultural sector is significantly affected by socioeconomic factors such as income education and access to infrastructure he said He said that it was for this reason SMEDAN extended its hand of friendship to women to uplift them In his remark Mr Azuibuke Nwokoye Action Aid representative said SMEDAN had been providing supports that would help women farmers and entrepreneurs to develop the country s econony
    SMEDAN empowers women groups with machinery in Bauchi
    General news3 years ago

    SMEDAN empowers women groups with machinery in Bauchi

    SMEDAN empowers women groups with machinery grants in Bauchi

    Small And Medium Enterprises Development Agency of Nigeria (SMEDAN) has empowered three women groups in Bauchi by providing them with processing machines to further their economic activities in the state.

    The Nigeria News Agency reports that the three women groups were under the Association of Small Scale Women Farmers Organization of Nigeria, Bauchi.

    The facilities donated to the beneficiaries included groundnut oil processing, herbs/moringa tea processing and spices processing machines.

    Speaking during the presentation ceremony in Bauchi on Thursday, Dr Umar Radda, the Director General of SMEDAN , who was represented by Dr Robert Owaiye, Director, Agric And Business, SMEDAN, said 20 women cooperatives from Gombe were also extended  similar gesture by the agency.

    “Today, three women groups from Bauchi State will receive machinery grant to further their economic activities in groundnut oil processing, herb and moringa tea processing and spices processing.

    “Similarly, twenty women cooperatives from Gombe State had this week, received cheques for N210,000 paid in to their corporate accounts to help them meet identified gaps in their ongoing economic activities,” Radda said.

    The D-G urged the women to use the empowerment grants to enhance their economic status to become role models to other women in their respective communities.

    He also thanked Action Aid, Nigeria, for standing solidly behind the Agency.

    Also speaking, Mr Mahmood Isa, North East Zonal Coordinator of SMEDAN, said women had established more defined roles in agriculture, adding that their roles were affected by socio economic factors.

    “Over the years, women have established more defined roles in agriculture; in Nigeria, they are involved in agricultural activities, processing and utilization.

    “However, a woman’s role in agricultural sector is significantly affected by socioeconomic factors, such as income, education and access to infrastructure”, he said.

    He said that it was for this reason, SMEDAN extended its hand of friendship to women to uplift them.

    In his remark, Mr Azuibuke Nwokoye, Action Aid representative, said SMEDAN had been providing supports that would help women farmers and entrepreneurs to develop the country’s econony.

     

  •   The Small and Medium Enterprises Development Agency of Nigeria SMEDAN on Tuesday commenced a 3 day capacity building entrepreneurship workshop teachers in Edo Dr Dikko Radda the Director General DG of the agency said that the SMEDAN school entrepreneurship programme was designed to advance the development and promotion of entrepreneurship and enterprise education in the country Radda also said that the programme was designed to build the capacity of the teachers who would in turn prepare their pupils and students to become entrepreneurs Represented by Mrs Linda Omubo Pepple the South South Zonal Coordinator of SMEDAN the DG said that there was now paradigm shift in teaching and learning He said It is no more go to school get good grades and get a good job It is now go to school get good grades and acquire skills of being your own boss He noted the anxiety and uncertainty among students about their future because of lack job opportunities and entrepreneurial skills to go into business ventures Radda said this informed the agency to initiate the Mind Shift Entrepreneurship Programme which according to him was designed to engage students and youths to channel their energies to productive venture The entrepreneurship teachers must be an entrepreneur as you cannot give what you don t have The DG said that mind shift entrepreneurship programme has three components training of teachers exposure to selected business skills and post training and support DCO JEY Edited by Johnson Eyiangho cokerdeborah yahoo com
    SMEDAN takes entrepreneurship training to teachers in Edo
      The Small and Medium Enterprises Development Agency of Nigeria SMEDAN on Tuesday commenced a 3 day capacity building entrepreneurship workshop teachers in Edo Dr Dikko Radda the Director General DG of the agency said that the SMEDAN school entrepreneurship programme was designed to advance the development and promotion of entrepreneurship and enterprise education in the country Radda also said that the programme was designed to build the capacity of the teachers who would in turn prepare their pupils and students to become entrepreneurs Represented by Mrs Linda Omubo Pepple the South South Zonal Coordinator of SMEDAN the DG said that there was now paradigm shift in teaching and learning He said It is no more go to school get good grades and get a good job It is now go to school get good grades and acquire skills of being your own boss He noted the anxiety and uncertainty among students about their future because of lack job opportunities and entrepreneurial skills to go into business ventures Radda said this informed the agency to initiate the Mind Shift Entrepreneurship Programme which according to him was designed to engage students and youths to channel their energies to productive venture The entrepreneurship teachers must be an entrepreneur as you cannot give what you don t have The DG said that mind shift entrepreneurship programme has three components training of teachers exposure to selected business skills and post training and support DCO JEY Edited by Johnson Eyiangho cokerdeborah yahoo com
    SMEDAN takes entrepreneurship training to teachers in Edo
    Education3 years ago

    SMEDAN takes entrepreneurship training to teachers in Edo

    The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) on Tuesday commenced a 3-day capacity building entrepreneurship workshop teachers in Edo.

    Dr Dikko Radda, the Director-General (DG) of the agency said that the SMEDAN school entrepreneurship programme was designed to advance the development and promotion of entrepreneurship and enterprise education in the country.

    Radda also said that the programme was designed to build the capacity of the teachers who would in turn prepare their pupils and students to become entrepreneurs.

    Represented by Mrs Linda Omubo-Pepple, the South South Zonal Coordinator of SMEDAN, the DG said that there was now paradigm shift in teaching and learning.

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

    “It is now go to school, get good grades and acquire skills of being your own boss.’’

    He noted the anxiety and uncertainty among students about their future because of lack job opportunities and entrepreneurial skills to go into business ventures.

    Radda said this informed the agency to initiate the “Mind Shift Entrepreneurship Programme’’ which according to him, was designed to engage students and youths to channel their energies to productive venture.

    “The entrepreneurship teachers must be an entrepreneur as you cannot give what you don’t have.’’

    The DG said that mind shift entrepreneurship programme has three components: training of teachers, exposure to selected business skills and post training and support.

    DCO/JEY/

    Edited by Johnson Eyiangho/

    cokerdeborah@yahoo.com

  •   Adjournment By Alexandra Oladipo Abuja Oct 22 2018 Justice Olukayode Adeniyi of an FCT High Court in Apo on Tuesday adjourned the trial of the former Director General Small and Medium Enterprises Development Agency of Nigeria SMEDAN Bature Masari until Dec 12 The judge adjourned the case pending the ruling of another matter in the Federal High court on Nov 27 to determine if the defendant can be tried twice on the same charge simultaneously The counsel to the defendant Mamudu Magaji informed the court that Masari was also standing trial before Justice Okon Abang of a Federal High Court Abuja on the same charge filed by the EFCC He further told the court that the same witnesses and evidences were being used to try the case Magaji however said Justice Abang is to deliver a ruling to determine if both EFCC and ICPC can try him on the same charge Masari was on Tuesday re arraigned before the Court over alleged N189 6 million money laundering He pleaded not guilty to the 25 counts bordering on misappropriation embezzlement and money laundering He was arraigned by the Independent Corrupt Practices and other Related Offences Commission ICPC The ICPC Counsel George Lawal had told the court that the defendant committed the alleged offence in 2014 while serving as the director general of SMEDAN Lawal said the defendant while in office received N50 million from Engineering Service and Hamshakim Ventures through his GTB account number 0022506116 as gratification for contracts award The prosecutor also said that the defendant collected another N20 million from Afrifarmers and Allied products consult Limited for award of contract He said the offences contravened the provisions of Sections 10 a i and punishable under section 10 a ii of the Corrupt Practices and Other Related Offences Act 2000 ATO SH edited by Sadiya Hamza
    Alleged N189.6m money laundering: Court adjourns trial of ex-SMEDAN DG until Dec. 12
      Adjournment By Alexandra Oladipo Abuja Oct 22 2018 Justice Olukayode Adeniyi of an FCT High Court in Apo on Tuesday adjourned the trial of the former Director General Small and Medium Enterprises Development Agency of Nigeria SMEDAN Bature Masari until Dec 12 The judge adjourned the case pending the ruling of another matter in the Federal High court on Nov 27 to determine if the defendant can be tried twice on the same charge simultaneously The counsel to the defendant Mamudu Magaji informed the court that Masari was also standing trial before Justice Okon Abang of a Federal High Court Abuja on the same charge filed by the EFCC He further told the court that the same witnesses and evidences were being used to try the case Magaji however said Justice Abang is to deliver a ruling to determine if both EFCC and ICPC can try him on the same charge Masari was on Tuesday re arraigned before the Court over alleged N189 6 million money laundering He pleaded not guilty to the 25 counts bordering on misappropriation embezzlement and money laundering He was arraigned by the Independent Corrupt Practices and other Related Offences Commission ICPC The ICPC Counsel George Lawal had told the court that the defendant committed the alleged offence in 2014 while serving as the director general of SMEDAN Lawal said the defendant while in office received N50 million from Engineering Service and Hamshakim Ventures through his GTB account number 0022506116 as gratification for contracts award The prosecutor also said that the defendant collected another N20 million from Afrifarmers and Allied products consult Limited for award of contract He said the offences contravened the provisions of Sections 10 a i and punishable under section 10 a ii of the Corrupt Practices and Other Related Offences Act 2000 ATO SH edited by Sadiya Hamza
    Alleged N189.6m money laundering: Court adjourns trial of ex-SMEDAN DG until Dec. 12
    Judiciary3 years ago

    Alleged N189.6m money laundering: Court adjourns trial of ex-SMEDAN DG until Dec. 12

    Adjournment

    By Alexandra Oladipo.

    Abuja, Oct. 22, 2018 Justice Olukayode Adeniyi of  an FCT High Court  in Apo, on Tuesday adjourned the trial of  the former Director General, Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), Bature Masari, until Dec. 12 .

    The judge adjourned the case pending the ruling of  another matter in the Federal High court on Nov. 27,  to determine if the defendant can be tried twice on the same charge simultaneously.

    The counsel to the defendant, Mamudu Magaji, informed the court that Masari was also standing trial before Justice Okon Abang of a Federal High Court, Abuja, on the same charge filed by the  EFCC.

    He further told the court that the same witnesses and  evidences were being used to try the case.

    Magaji however said Justice Abang is to deliver a ruling to determine if  both EFCC and ICPC can try him on the same charge.

    Masari , was on Tuesday re-arraigned before the  Court,  over alleged N189.6 million money laundering.

    He  pleaded not guilty to the 25 counts, bordering on misappropriation, embezzlement and money laundering.

    He was arraigned by the Independent Corrupt Practices and other Related Offences Commission (ICPC).

    The ICPC  Counsel, George Lawal, had told the court that the defendant committed the alleged offence in 2014 while serving as the director-general of SMEDAN.

    Lawal, said the defendant while in office received N50 million from Engineering Service and  Hamshakim Ventures through his GTB account number 0022506116 as gratification for contracts award.

    The prosecutor also said that the defendant collected another N20 million from Afrifarmers and Allied products consult Limited for award of contract.

    He said the offences contravened the provisions of Sections 10(a)(i) and punishable under section 10(a)(ii) of the Corrupt Practices and Other Related Offences Act 2000.

    ATO/SH

    edited by Sadiya Hamza

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