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  •   Gov Abdullahi Sule of Nasarawa State has inaugurated the State Council on Implementation of the National Policy on Micro Small and Medium Enterprises MSMEs This is in line with the policy thrust of President Muhammadu Buhari to open up the frontiers of economic activities in the country The committee which has the governor as the Chairman was inaugurated at Government House Lafia on Friday According to the governor the inauguration of the state Council will see to the domestication of the Policy in Nasarawa State The policy was earlier formulated by the Small and Medium Enterprises Development Agency of Nigeria SMEDAN which will serve as a vehicle to enhance sustainable economic development Being the first ever national policy on MSMEs Sule said that it was meant to facilitate and sustain vibrant MSMEs subsector which will drive national economic growth and employment The National Committee on MSMEs will be headed by Vice President Yemi Osinbajo while the state level will be chaired by the governors Other members were drawn from relevant Ministries as well as major stakeholders The governor disclosed that with SMEDAN being a one stop shop for MSMEs development part of its mandate is to initiate and articulate policy ideas for the Small and Medium Enterprises growth and development It will also serve as a vanguard for rural industrialisation poverty reduction jobs creation and enhanced livelihood he stated The 21 member committee includes Hon Obadiah Boyi Commissioner of Trade Industry and Investment as Vice Chairman and Bashir Shola State Director SMEDAN as Secretary Edited By Ismail Abdulaziz NAN
    Gov. Sule of Nasarawa inaugurates Council on MSMEs
      Gov Abdullahi Sule of Nasarawa State has inaugurated the State Council on Implementation of the National Policy on Micro Small and Medium Enterprises MSMEs This is in line with the policy thrust of President Muhammadu Buhari to open up the frontiers of economic activities in the country The committee which has the governor as the Chairman was inaugurated at Government House Lafia on Friday According to the governor the inauguration of the state Council will see to the domestication of the Policy in Nasarawa State The policy was earlier formulated by the Small and Medium Enterprises Development Agency of Nigeria SMEDAN which will serve as a vehicle to enhance sustainable economic development Being the first ever national policy on MSMEs Sule said that it was meant to facilitate and sustain vibrant MSMEs subsector which will drive national economic growth and employment The National Committee on MSMEs will be headed by Vice President Yemi Osinbajo while the state level will be chaired by the governors Other members were drawn from relevant Ministries as well as major stakeholders The governor disclosed that with SMEDAN being a one stop shop for MSMEs development part of its mandate is to initiate and articulate policy ideas for the Small and Medium Enterprises growth and development It will also serve as a vanguard for rural industrialisation poverty reduction jobs creation and enhanced livelihood he stated The 21 member committee includes Hon Obadiah Boyi Commissioner of Trade Industry and Investment as Vice Chairman and Bashir Shola State Director SMEDAN as Secretary Edited By Ismail Abdulaziz NAN
    Gov. Sule of Nasarawa inaugurates Council on MSMEs
    General news2 years ago

    Gov. Sule of Nasarawa inaugurates Council on MSMEs

    Gov. Abdullahi Sule of Nasarawa State has inaugurated the State Council on Implementation of the National Policy on Micro, Small and Medium Enterprises (MSMEs).

    This is in line with the policy thrust of President Muhammadu Buhari to open up the frontiers of economic activities in the country.

    The committee, which has the governor as the Chairman, was inaugurated at Government House, Lafia on Friday.

    According to the governor, the inauguration of the state Council will see to the domestication of the Policy in Nasarawa State.

    The policy was earlier formulated by the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), which will serve as a vehicle to enhance sustainable economic development.

    Being the first ever national policy on MSMEs, Sule said that it was meant to facilitate and sustain vibrant MSMEs subsector, which will drive national economic growth and employment.

    The National Committee on MSMEs will be headed by Vice President Yemi Osinbajo, while the state level will be chaired by the governors.

    Other members were drawn from relevant Ministries as well as major stakeholders.

    The governor disclosed that with SMEDAN being a one-stop shop for MSMEs development, part of its mandate is to initiate and articulate policy ideas for the Small and Medium Enterprises growth and development.

    “It will also serve as a vanguard for rural industrialisation, poverty reduction, jobs creation and enhanced livelihood,” he stated.

    The 21-member committee includes Hon. Obadiah Boyi, Commissioner of Trade, Industry and Investment, as Vice Chairman and Bashir Shola, State Director, SMEDAN, as Secretary.


    Edited By: Ismail Abdulaziz
    (NAN)

  •   The Ebonyi State government has lauded the Federal Government for introducing and sustaining the Micro Small and Medium Enterprises MSMEs Survival Fund and urged entrepreneurs to ensure they benefit from it Gov David Umahi gave the commendation on Wednesday in Abakaliki at a town hall meeting with the Small and Medium Enterprise Development Agency of Nigeria SMEDAN and relevant stakeholders The meeting aimed at sensitising those charged with the responsibility of creating awareness about Federal Government s programmes for MSMEs Represented by his Special Assistant on SMEs Mr Peter Mbam the governor said Ebonyi was ready to support the scheme to achieve more economic growth In his contribution Mr Chigozie Asochukwu SMEDAN s Coordinator in Ebonyi explained that the MSMEs Survival Fund was a component of the Nigerian Economic Sustainability Plan NESP He said the NESP was developed by a Federal Government s Economic Sustainability Committee in March The Survival Fund was generally designed to support vulnerable MSMEs in meeting their different obligations and to safeguard jobs in the sector The enumeration for the second stream of states which include Ebonyi under the Artisan Support Scheme has started I urge you to cooperate with the enumerators The enumerators are compiling the list of artisans through their association leaders All artisans are expected to liaise with their association leaders to document their details Asochukwu said The Federal Government s Artisans Support Scheme is to benefit about 9 000 artisans in each state of the federation and the FCT Mr Stephen Eze an enumerator for the MSMEs Survival Fund urged the general public to embrace the opportunity In his own contribution Mr Eze Friday Ebonyi Chairman Artisans Association said the MSMEs Survival Fund Scheme was a welcome development and urged members to register Edited By Alli Hakeem Source NAN
    Ebonyi lauds FG on MSME Survival Fund
      The Ebonyi State government has lauded the Federal Government for introducing and sustaining the Micro Small and Medium Enterprises MSMEs Survival Fund and urged entrepreneurs to ensure they benefit from it Gov David Umahi gave the commendation on Wednesday in Abakaliki at a town hall meeting with the Small and Medium Enterprise Development Agency of Nigeria SMEDAN and relevant stakeholders The meeting aimed at sensitising those charged with the responsibility of creating awareness about Federal Government s programmes for MSMEs Represented by his Special Assistant on SMEs Mr Peter Mbam the governor said Ebonyi was ready to support the scheme to achieve more economic growth In his contribution Mr Chigozie Asochukwu SMEDAN s Coordinator in Ebonyi explained that the MSMEs Survival Fund was a component of the Nigerian Economic Sustainability Plan NESP He said the NESP was developed by a Federal Government s Economic Sustainability Committee in March The Survival Fund was generally designed to support vulnerable MSMEs in meeting their different obligations and to safeguard jobs in the sector The enumeration for the second stream of states which include Ebonyi under the Artisan Support Scheme has started I urge you to cooperate with the enumerators The enumerators are compiling the list of artisans through their association leaders All artisans are expected to liaise with their association leaders to document their details Asochukwu said The Federal Government s Artisans Support Scheme is to benefit about 9 000 artisans in each state of the federation and the FCT Mr Stephen Eze an enumerator for the MSMEs Survival Fund urged the general public to embrace the opportunity In his own contribution Mr Eze Friday Ebonyi Chairman Artisans Association said the MSMEs Survival Fund Scheme was a welcome development and urged members to register Edited By Alli Hakeem Source NAN
    Ebonyi lauds FG on MSME Survival Fund
    General news2 years ago

    Ebonyi lauds FG on MSME Survival Fund

    The Ebonyi State government has lauded the Federal Government for introducing and sustaining the Micro, Small and Medium Enterprises (MSMEs) Survival Fund and urged entrepreneurs to ensure they benefit from it.

    Gov. David Umahi gave the commendation on Wednesday in Abakaliki at a town hall meeting with the Small and Medium Enterprise Development Agency of Nigeria (SMEDAN) and relevant stakeholders.

    The meeting aimed at sensitising those charged with the responsibility of creating awareness about Federal Government’s programmes for MSMEs.

    Represented by his Special Assistant on SMEs, Mr Peter Mbam, the governor said Ebonyi was ready to support the scheme to achieve more economic growth.

    In his contribution, Mr Chigozie Asochukwu, SMEDAN’s Coordinator in Ebonyi, explained that the MSMEs Survival Fund was a component of the Nigerian Economic Sustainability Plan (NESP).

    He said the NESP was developed by a Federal Government’s Economic Sustainability Committee in March.

    “The Survival Fund was generally designed to support vulnerable MSMEs in meeting their different obligations and to safeguard jobs in the sector.

    “The enumeration for the second stream of states, which include Ebonyi under the Artisan Support Scheme, has started.

    “I urge you to cooperate with the enumerators. The enumerators are compiling the list of artisans through their association leaders. All artisans are expected to liaise with their association leaders to document their details,’’ Asochukwu said.

    The Federal Government’s Artisans Support Scheme is to benefit about 9,000 artisans in each state of the federation and the FCT.

    Mr Stephen Eze, an enumerator for the MSMEs Survival Fund, urged the general public to embrace the opportunity.

    In his own contribution, Mr Eze Friday, Ebonyi Chairman, Artisans Association, said the MSMEs Survival Fund Scheme was a welcome development and urged members to register.


    Edited By: Alli Hakeem
    Source: NAN

  •   Dr Ibijoke Sanwo Olu wife of the Lagos State Governor has urged the Lagos State University LASU toengage more with requisite industry impart skills and competencies conduct research aimed at helping the MSMEs Sanwo Olu made the remarks as the Chairperson of the second research fair ofLagos State University LASU Ojo on Tuesday in Lagos The News Agency of Nigeria reports that the theme of the research fair was Innovative Products and Designs for Micro Small Medium Scale Enterprises MSMEs She said that MSMEs sector required innovative solutions and services as well as new ways of working and newer products to enable them meet needs and grow the GDP of the country The theme of this year s fair is very appropriate in the global economy there are indeed global brands and large conglomerates but they are not the engine rooms of national development The catalysts of national development are the MSMEs which contribute as much as 48 per cent of Gross Domestic Product GDP in Nigeria The MSMEs sector is large and covers manufacturing construction agriculture accommodation and food services to mention but a few It should be noted that a significant proportion of operators in the sector are women These entrepreneurs are working hard to provide for their families and make Nigeria better Sanwo Olu said She said that as part of measures to enhance profitability of MSMEs in line with the vision of the present administration of Gov Babajide Olusola Sanwo Olu The Lagos State Government launched its MSME hub and hosted the fifth Edition of the Micro Small and Medium Scale Enterprises MSMEs Exclusive Fair The fair was designed to equip the MSMEs with the survival strategies to beat the odds thrown up by the unanticipated and unexpected crisis brought about by the COVID 19 pandemic According to a 2013 survey by the Small and Medium Enterprise Development Agency of Nigeria SMEDAN there were 37 067 416 MSMEs in the country Disaggregation indicates that 36 994 578 representing 99 8 per cent were micro scale enterprises with employees less than 10 and capital of less than N10 million While small scale enterprises were 68 168 representing 0 18 per cent with staff strength of 10 to 49 and capital of between 10million to 99million naira Sanwo Olu said She also added that In Lagos State there were 11 663 small scale enterprises representing 17 per cent and 3 224 324 micro scale enterprises representing 8 7 percent which were the highest in the country This goes without saying that whatever we do to improve MSMEs in Lagos will definitely have a huge impact on the entire nation It is clear that any entrepreneurial activity towards improving the MSMEs sector will have a multiplier effect on job creation security income and wealth Therefore the theme of the research fair is a testimony and commitment of LASU to contribute meaningfully to the THEMES Agenda of our dear State and to improve the lives of Lagosians Sanwo Olu said Edited By Emmanuel Okara Source NAN
    Sanwo-Olu urges LASU to engage more with requisite industry,competencies, conduct research aimed at helping MSMEs
      Dr Ibijoke Sanwo Olu wife of the Lagos State Governor has urged the Lagos State University LASU toengage more with requisite industry impart skills and competencies conduct research aimed at helping the MSMEs Sanwo Olu made the remarks as the Chairperson of the second research fair ofLagos State University LASU Ojo on Tuesday in Lagos The News Agency of Nigeria reports that the theme of the research fair was Innovative Products and Designs for Micro Small Medium Scale Enterprises MSMEs She said that MSMEs sector required innovative solutions and services as well as new ways of working and newer products to enable them meet needs and grow the GDP of the country The theme of this year s fair is very appropriate in the global economy there are indeed global brands and large conglomerates but they are not the engine rooms of national development The catalysts of national development are the MSMEs which contribute as much as 48 per cent of Gross Domestic Product GDP in Nigeria The MSMEs sector is large and covers manufacturing construction agriculture accommodation and food services to mention but a few It should be noted that a significant proportion of operators in the sector are women These entrepreneurs are working hard to provide for their families and make Nigeria better Sanwo Olu said She said that as part of measures to enhance profitability of MSMEs in line with the vision of the present administration of Gov Babajide Olusola Sanwo Olu The Lagos State Government launched its MSME hub and hosted the fifth Edition of the Micro Small and Medium Scale Enterprises MSMEs Exclusive Fair The fair was designed to equip the MSMEs with the survival strategies to beat the odds thrown up by the unanticipated and unexpected crisis brought about by the COVID 19 pandemic According to a 2013 survey by the Small and Medium Enterprise Development Agency of Nigeria SMEDAN there were 37 067 416 MSMEs in the country Disaggregation indicates that 36 994 578 representing 99 8 per cent were micro scale enterprises with employees less than 10 and capital of less than N10 million While small scale enterprises were 68 168 representing 0 18 per cent with staff strength of 10 to 49 and capital of between 10million to 99million naira Sanwo Olu said She also added that In Lagos State there were 11 663 small scale enterprises representing 17 per cent and 3 224 324 micro scale enterprises representing 8 7 percent which were the highest in the country This goes without saying that whatever we do to improve MSMEs in Lagos will definitely have a huge impact on the entire nation It is clear that any entrepreneurial activity towards improving the MSMEs sector will have a multiplier effect on job creation security income and wealth Therefore the theme of the research fair is a testimony and commitment of LASU to contribute meaningfully to the THEMES Agenda of our dear State and to improve the lives of Lagosians Sanwo Olu said Edited By Emmanuel Okara Source NAN
    Sanwo-Olu urges LASU to engage more with requisite industry,competencies, conduct research aimed at helping MSMEs
    Education2 years ago

    Sanwo-Olu urges LASU to engage more with requisite industry,competencies, conduct research aimed at helping MSMEs

    Dr Ibijoke Sanwo-Olu, wife of the Lagos State Governor, has urged the Lagos State University (LASU) to

    engage more with requisite industry, impart skills and competencies, conduct research aimed at helping the MSMEs.

    Sanwo-Olu made the remarks as the Chairperson of the second research fair of

    Lagos State University (LASU), Ojo on Tuesday in Lagos.

    The News Agency of Nigeria reports that the theme of the research fair was: “Innovative Products and Designs for Micro,Small,Medium Scale Enterprises” (MSMEs).

    She said that MSMEs sector required innovative solutions and services as well as new ways of working, and newer products to enable them meet needs and grow the GDP of the country

    “The theme of this year’s fair is very appropriate,in the global economy, there are indeed global brands and large conglomerates, but they are not the engine rooms of national development.

    “The catalysts of national development are the MSMEs which contribute as much as 48 per cent of Gross Domestic Product (GDP) in Nigeria.

    “The MSMEs sector is large and covers manufacturing, construction, agriculture, accommodation, and food services to mention but a few.

    “It should be noted that a significant proportion of operators in the sector are women.

    “These entrepreneurs are working hard to provide for their families and make Nigeria better,” Sanwo-Olu said.

    She said that as part of measures to enhance profitability of MSMEs in line with the vision of the present administration of Gov. Babajide Olusola Sanwo-Olu.

    “The Lagos State Government launched its MSME hub and hosted the fifth Edition of the Micro Small and Medium Scale Enterprises (MSMEs) Exclusive Fair.

    “The fair was designed to equip the MSMEs with the survival strategies to beat the odds thrown up by the unanticipated and unexpected crisis brought about by the COVID-19 pandemic.

    “According to a 2013 survey by the Small and Medium Enterprise Development Agency of Nigeria (SMEDAN), there were 37,067,416 MSMEs in the country.

    “Disaggregation indicates that 36,994,578 representing 99.8 per cent were micro-scale enterprises with employees less than 10 and capital of less than N10 million.

    “While small scale enterprises were 68, 168 representing 0.18 per cent with staff strength of 10 to 49 and capital of between 10million to 99million naira,” Sanwo-Olu said.

    She also added that In Lagos State, there were 11,663 small scale enterprises representing 17 per cent, and 3, 224,324 micro-scale enterprises representing 8.7 percent, which were the highest in the country.

    “This goes without saying that whatever we do to improve MSMEs in Lagos will definitely have a huge impact on the entire nation.

    “It is clear that any entrepreneurial activity towards improving the MSMEs sector will have a multiplier effect on job creation, security, income and wealth.

    “Therefore, the theme of the research fair is a testimony and commitment of LASU to contribute meaningfully to the THEMES Agenda of our dear State and to improve the lives of Lagosians,” Sanwo-Olu said.

    (
    Edited By: Emmanuel Okara)
    Source: NAN

  •   Prof Olanrewaju Fagbohun SAN the Vice Chancellor of Lagos State University LASU has urged Nigerians to embrace Micro Small and Medium scale Enterprises MSMEs saying they are important agents of economic growth across the world Fagbohun made the appeal at the second Research Fair of the Lagos State University LASU Ojo Lagos State held on Tuesday in Lagos The News Agency of Nigeria reports that the theme of the research fair was Innovative Products and Designs for Micro Small and Medium scale Enterprises MSMEs Fagbohun noted that in Japan for instance 80 per cent of the total industrial workforce were in the SME sector 50 per cent in Germany and 46 per cent in the United States of America In some developing nations such as India Indonesia and Mali SMEs have been recognised to constitute more than 95 per cent of the manufacturing sector SMEs have become a very strong engine for development in terms of provision of employment industrial output and export promotion He said that LASU as an institution that is responsive to the needs of its society and an incubator for research and technology had chosen the current theme so that it can contribute its quota to the advancement of MSMEs in the country Our focus this year is on MSMEs because government is making efforts to diversify the economy by reducing its dependence on crude oil for revenue generation Fagbohun said The Vice Chancellor said that the idea of having a LASU research fair was conceived upon establishing that there was a dearth of conducive forum for persons with laudable ideas to network and discuss Fagbohun added that the Fair was within the University space where individuals with laudable research ideas can come together ventilate share their ideas and network with colleagues Also speaking Prof Adebayo Ninalowo the Pro Chancellor and Chairman of the Governing Council of LASU said that the theme of the research fair was very apt for the country because small scale enterprises were the engines of any economy Ninalowo said that universities were expected to contribute to the innovations and research on businesses in the country In his opening remarks Prof Olumuyiwa Odusanya Director Research Management and Innovation LASU said that MSMEs employed over eight per cent of the country s total workforce Odusanya added that it contributed nearly 50 per cent to the Gross Domestic Product GDP of the country According to him ignoring this sector will lead to increasing poverty hunger and unemployment Through this research fair our University demonstrates its commitment to solving priority national problems improve the lives of Nigerians and to be a strategic partner both to government and the private sector A 2017 survey by the Small and Medium Enterprise Development Agency of Nigeria SMEDAN and the National Bureau of Statistics NBS identified some challenges facing this important sector of the economy The challenges include inconsistent government policies limited access to finance poor infrastructure high operating costs poor business development services and the use of obsolete technology he said He added that many more academic staff had won research grants while the number of research proposals submitted to funding agencies within and outside the country had increased This has been one major focus of our activities in the Directorate of Research Management and Innovation A key feature of the ranking of LASU was the research citation in which we were in the top three per cent globally Our directorate which has been at the centre of the ranking process will do more to push the frontiers of research at LASU Odusanya said Edited By Oluyinka Fadare Peter Dada Source NAN
    LASU V-C urges Nigerians to embrace MSMES as important growth engines
      Prof Olanrewaju Fagbohun SAN the Vice Chancellor of Lagos State University LASU has urged Nigerians to embrace Micro Small and Medium scale Enterprises MSMEs saying they are important agents of economic growth across the world Fagbohun made the appeal at the second Research Fair of the Lagos State University LASU Ojo Lagos State held on Tuesday in Lagos The News Agency of Nigeria reports that the theme of the research fair was Innovative Products and Designs for Micro Small and Medium scale Enterprises MSMEs Fagbohun noted that in Japan for instance 80 per cent of the total industrial workforce were in the SME sector 50 per cent in Germany and 46 per cent in the United States of America In some developing nations such as India Indonesia and Mali SMEs have been recognised to constitute more than 95 per cent of the manufacturing sector SMEs have become a very strong engine for development in terms of provision of employment industrial output and export promotion He said that LASU as an institution that is responsive to the needs of its society and an incubator for research and technology had chosen the current theme so that it can contribute its quota to the advancement of MSMEs in the country Our focus this year is on MSMEs because government is making efforts to diversify the economy by reducing its dependence on crude oil for revenue generation Fagbohun said The Vice Chancellor said that the idea of having a LASU research fair was conceived upon establishing that there was a dearth of conducive forum for persons with laudable ideas to network and discuss Fagbohun added that the Fair was within the University space where individuals with laudable research ideas can come together ventilate share their ideas and network with colleagues Also speaking Prof Adebayo Ninalowo the Pro Chancellor and Chairman of the Governing Council of LASU said that the theme of the research fair was very apt for the country because small scale enterprises were the engines of any economy Ninalowo said that universities were expected to contribute to the innovations and research on businesses in the country In his opening remarks Prof Olumuyiwa Odusanya Director Research Management and Innovation LASU said that MSMEs employed over eight per cent of the country s total workforce Odusanya added that it contributed nearly 50 per cent to the Gross Domestic Product GDP of the country According to him ignoring this sector will lead to increasing poverty hunger and unemployment Through this research fair our University demonstrates its commitment to solving priority national problems improve the lives of Nigerians and to be a strategic partner both to government and the private sector A 2017 survey by the Small and Medium Enterprise Development Agency of Nigeria SMEDAN and the National Bureau of Statistics NBS identified some challenges facing this important sector of the economy The challenges include inconsistent government policies limited access to finance poor infrastructure high operating costs poor business development services and the use of obsolete technology he said He added that many more academic staff had won research grants while the number of research proposals submitted to funding agencies within and outside the country had increased This has been one major focus of our activities in the Directorate of Research Management and Innovation A key feature of the ranking of LASU was the research citation in which we were in the top three per cent globally Our directorate which has been at the centre of the ranking process will do more to push the frontiers of research at LASU Odusanya said Edited By Oluyinka Fadare Peter Dada Source NAN
    LASU V-C urges Nigerians to embrace MSMES as important growth engines
    Education2 years ago

    LASU V-C urges Nigerians to embrace MSMES as important growth engines

    Prof. Olanrewaju Fagbohun (SAN), the  Vice-Chancellor of  Lagos State University (LASU), has urged Nigerians to embrace Micro, Small and Medium-scale Enterprises (MSMEs), saying  they are important agents of economic growth across the world.

    Fagbohun made the appeal at the second Research Fair of the Lagos State University (LASU), Ojo, Lagos State held  on Tuesday in Lagos.

    The News Agency of Nigeria reports that the theme of the research fair was: “Innovative Products and Designs for Micro, Small and Medium-scale Enterprises (MSMEs)”.

    Fagbohun noted that in  Japan for instance, 80 per cent of the total industrial workforce were in the SME sector, 50 per cent in Germany and 46 per cent in the United States of America.

    “In some developing nations such as India, Indonesia and Mali, SMEs have been recognised to constitute more than 95 per cent of the manufacturing sector.

    ” SMEs have become a very strong engine for development in terms of provision of employment, industrial output and export promotion.”

    He said that LASU as an institution that is responsive to the needs of its society and an incubator for research and technology,  had chosen  the current  theme so that it can contribute its  quota to the advancement of MSMEs in the country.

    “Our focus this year is on MSMEs because government is making efforts to diversify the economy by reducing its dependence on crude oil for revenue generation,” Fagbohun said.

    The Vice-Chancellor said that the idea of having a LASU research fair was conceived upon establishing that there was a dearth of conducive forum for persons with laudable ideas to network and discuss.

    Fagbohun added that the Fair was within the University space, where individuals with laudable research ideas can come together, ventilate, share their ideas and network with colleagues.

    Also speaking, Prof. Adebayo Ninalowo, the Pro-Chancellor and Chairman of the  Governing Council of LASU, said that the theme of the research fair was very apt for the country, because small scale enterprises were the engines of any economy.

    Ninalowo said that universities were expected to contribute to the innovations and research on businesses in the country.

    In his opening remarks, Prof. Olumuyiwa Odusanya, Director, Research Management and Innovation, LASU, said that MSMEs employed over eight per cent of the country’s total workforce.

    Odusanya added that it contributed nearly 50 per cent to the Gross Domestic Product (GDP) of the country.

    According to him, ignoring this sector will lead to increasing poverty, hunger and unemployment.

    “Through this research fair, our University demonstrates its commitment to solving priority national problems, improve the lives of Nigerians and to be a strategic partner both to government and the private sector.

    “A 2017 survey by the Small and Medium Enterprise Development Agency of Nigeria (SMEDAN) and the National Bureau of Statistics (NBS) identified some challenges facing this important sector of the economy.

    “The challenges include: inconsistent government policies, limited access to finance, poor infrastructure, high operating costs, poor business development services and the use of obsolete technology,” he said.

    He added that many more academic staff had won research grants, while the number of research proposals submitted to funding agencies within and outside the country had increased.

    “This has been one major focus of our activities in the Directorate of Research Management and Innovation.

    “A key feature of the ranking of LASU was the research citation in which we were in the top three per cent globally.

    “Our directorate, which has been at the centre of the ranking process, will do more to push the frontiers of research at LASU,” Odusanya said.


    Edited By: Oluyinka Fadare/Peter Dada
    Source: NAN

  •   The Small and Medium Enterprises Development Agency SMEDAN says over 30 000 persons will benefit from the ongoing National Survival Fund Program NSFP in Benue The NSFP Manager in the state Mr Oryima Alu who is also the Point of Contact National MSME Survival Fund in the state disclosed this on Monday in Makurdi during a town hall meeting with leaders of artisans and transport scheme operators Alu said that over 30 000 people would benefit from the various components of the Survival Fund Program Giving the breakdown he said a total of 13 000 would benefit from the payroll support for MSMEs 5 000 from general MSME grants 6 606 from formalization support while 9 000 from artisans transport grants Alu said the allocations for the state across the various components were inadequate following the large number of people in each category but he said there was a possibility of expanding the programHe said the town hall meeting was meant to educate the people on the benefits of the program explaining that the entire program was free Alu said the component dealt directly with grants that would go to artisans and transport cadres most of whom were members of associations that were not aware of the benefits of the program He said each of the artisans and transport support beneficiaries would earn N30 000 for three months The essence of this meeting is to sensitize relevant stakeholders that have roles to play in creating awareness about Federal Government programs for MSMEs The concern of government is to provide critical and timely support that can improve conditions of living for every Nigerian most especially following the lockdown necessitated by COVID 19 Alu said Earlier the Principal Special Senior Assistant to the governor on MSMES Mr Emmanuel Donghdongh assured that the Survival Fund Program would not be hijacked in the state Donghdongh explained that the program was aimed at supporting small scale businesses to improve their lot He said though the support was small it must get across all the target groups adding that all registration and processing of the entire program were free Speaking to NAN a participant Mr Ahmed Musa State Secretary Nigeria Automobile Technician Association said over 1 000 of his members would apply for the scheme Musa said the funds would help them to procure tools and he commended the Federal Government for remembering the poor in the country Edited By Philip Dzeremo Razak Owolabi Source NAN
    Over 30,000 people to benefit from Federal Govt. survival fund — Manager
      The Small and Medium Enterprises Development Agency SMEDAN says over 30 000 persons will benefit from the ongoing National Survival Fund Program NSFP in Benue The NSFP Manager in the state Mr Oryima Alu who is also the Point of Contact National MSME Survival Fund in the state disclosed this on Monday in Makurdi during a town hall meeting with leaders of artisans and transport scheme operators Alu said that over 30 000 people would benefit from the various components of the Survival Fund Program Giving the breakdown he said a total of 13 000 would benefit from the payroll support for MSMEs 5 000 from general MSME grants 6 606 from formalization support while 9 000 from artisans transport grants Alu said the allocations for the state across the various components were inadequate following the large number of people in each category but he said there was a possibility of expanding the programHe said the town hall meeting was meant to educate the people on the benefits of the program explaining that the entire program was free Alu said the component dealt directly with grants that would go to artisans and transport cadres most of whom were members of associations that were not aware of the benefits of the program He said each of the artisans and transport support beneficiaries would earn N30 000 for three months The essence of this meeting is to sensitize relevant stakeholders that have roles to play in creating awareness about Federal Government programs for MSMEs The concern of government is to provide critical and timely support that can improve conditions of living for every Nigerian most especially following the lockdown necessitated by COVID 19 Alu said Earlier the Principal Special Senior Assistant to the governor on MSMES Mr Emmanuel Donghdongh assured that the Survival Fund Program would not be hijacked in the state Donghdongh explained that the program was aimed at supporting small scale businesses to improve their lot He said though the support was small it must get across all the target groups adding that all registration and processing of the entire program were free Speaking to NAN a participant Mr Ahmed Musa State Secretary Nigeria Automobile Technician Association said over 1 000 of his members would apply for the scheme Musa said the funds would help them to procure tools and he commended the Federal Government for remembering the poor in the country Edited By Philip Dzeremo Razak Owolabi Source NAN
    Over 30,000 people to benefit from Federal Govt. survival fund — Manager
    Economy2 years ago

    Over 30,000 people to benefit from Federal Govt. survival fund — Manager

    The Small and Medium Enterprises Development Agency (SMEDAN) says over 30,000 persons will benefit from the ongoing National Survival Fund Program (NSFP) in Benue.

    The NSFP Manager in the state, Mr Oryima Alu, who is also the Point of Contact, National MSME Survival Fund in the state, disclosed this on Monday in Makurdi during a town hall meeting with leaders of artisans and transport scheme operators.

    Alu said that over 30,000 people would benefit from the various components of the Survival Fund Program.

    Giving the breakdown, he said a total of 13,000 would benefit from the payroll support for MSMEs, 5,000 from general MSME grants, 6,606 from formalization support while 9,000 from artisans/transport grants.

    Alu said the allocations for the state across the various components were inadequate following the large number of people in each category but he said there was a possibility of expanding the program

    He said the town hall meeting was meant to educate the people on the benefits of the program, explaining that the entire program was free.

    Alu said the component dealt directly with grants that would go to artisans and transport cadres, most of whom were members of associations that were not aware of the benefits of the program.

    He said each of the artisans and transport support beneficiaries would earn N30,000 for three months.

    “The essence of this meeting is to sensitize relevant stakeholders that have roles to play in creating awareness about Federal Government programs for MSMEs

    “The concern of government is to provide critical and timely support that can improve conditions of living for every Nigerian, most especially, following the lockdown necessitated by COVID-19,” Alu said.

    Earlier, the Principal Special Senior Assistant to the governor on MSMES, Mr Emmanuel Donghdongh assured that the Survival Fund Program would not be hijacked in the state.

    Donghdongh explained that the program was aimed at supporting small scale businesses to improve their lot.

    He said though the support was small, it must get across all the target groups adding that all registration and processing of the entire program were free.

    Speaking to NAN, a participant, Mr Ahmed Musa, State Secretary, Nigeria Automobile Technician Association said over 1,000 of his members would apply for the scheme.

    Musa said the funds would help them to procure tools and he commended the Federal Government for remembering the poor in the country.


    Edited By: Philip Dzeremo/Razak Owolabi
    Source: NAN

  •   No fewer than 80 women agri preneurs in Ekiti have benefited from a N1 6 million grant provided under the Federal Government s Micro Small and Medium Enterprise s grant as part of its vision of lifting 100 million Nigerians out of poverty Dr Umar Radda Director General Small and Medium Enterprise Development Agency of Nigeria SMEDAN restated the commitment of the present administration to lift 100 million Nigerians out of poverty in the next four years Radda who was speaking on Sunday at the closing ceremony of the training of participants of the SMEDAN s Women in Self Employment Programme WISE P in Ado Ekiti said that the training was aimed at raising the capacity of the participants to enable them utilize the funds effectively The DG of SMEDAN who was represented by the agency s Director of Agric business Development and Extension Dr Robert Owaiye noted that globally MSMEs are recognized as engines of socio economic transformation as they offered opportunities to drive jobs and wealth creation as well as income re distribution within the society The WISE P training and empowerment component is one the instruments available to SMEDAN to meet its mandate The focus is on providing capacity building inclusive of entrepreneurship and vocational training with associated empowerment grants to existing women agri preneurs This will procure for them the required mind set and financial enablement as well as place their businesses on the needed sound footing for impact in terms of pride profit and diversification This is part of President Buhari s vision of raising 100 million persons out of poverty over the next four years Radda said The News Agency of Nigeria reports that the DG who explained that beneficiaries had been grouped into seven cooperative societies with a grant of N230 000 each urged beneficiaries to use the money judiciously Also speaking the Ekiti state Commissioner for Trade and Investments Chief Muyiwa Olumilua reiterated the commitment of the state governor Kayode Fayemi to partner with SMEDAN and other agencies to raise the standards of living of the citizens Participants at the training Mrs Ruth Oladoja and Mrs Omoyeni Palmer who spoke separately with newsmen assured of equitable distribution and judicious use of the grants in order to contribute their own quota to the development of the economy Present at the occasion were the representative of NIRSAL Micro Finance Bank in Ekiti Mr Dele Ayobami and the SMEDAN Manager in Ekiti Mr Ayomide Ilesanmi Edited By Mouktar Adamu Source NAN
    FG empowers 80 Ekiti women agri-preneurs with N1.6m grant
      No fewer than 80 women agri preneurs in Ekiti have benefited from a N1 6 million grant provided under the Federal Government s Micro Small and Medium Enterprise s grant as part of its vision of lifting 100 million Nigerians out of poverty Dr Umar Radda Director General Small and Medium Enterprise Development Agency of Nigeria SMEDAN restated the commitment of the present administration to lift 100 million Nigerians out of poverty in the next four years Radda who was speaking on Sunday at the closing ceremony of the training of participants of the SMEDAN s Women in Self Employment Programme WISE P in Ado Ekiti said that the training was aimed at raising the capacity of the participants to enable them utilize the funds effectively The DG of SMEDAN who was represented by the agency s Director of Agric business Development and Extension Dr Robert Owaiye noted that globally MSMEs are recognized as engines of socio economic transformation as they offered opportunities to drive jobs and wealth creation as well as income re distribution within the society The WISE P training and empowerment component is one the instruments available to SMEDAN to meet its mandate The focus is on providing capacity building inclusive of entrepreneurship and vocational training with associated empowerment grants to existing women agri preneurs This will procure for them the required mind set and financial enablement as well as place their businesses on the needed sound footing for impact in terms of pride profit and diversification This is part of President Buhari s vision of raising 100 million persons out of poverty over the next four years Radda said The News Agency of Nigeria reports that the DG who explained that beneficiaries had been grouped into seven cooperative societies with a grant of N230 000 each urged beneficiaries to use the money judiciously Also speaking the Ekiti state Commissioner for Trade and Investments Chief Muyiwa Olumilua reiterated the commitment of the state governor Kayode Fayemi to partner with SMEDAN and other agencies to raise the standards of living of the citizens Participants at the training Mrs Ruth Oladoja and Mrs Omoyeni Palmer who spoke separately with newsmen assured of equitable distribution and judicious use of the grants in order to contribute their own quota to the development of the economy Present at the occasion were the representative of NIRSAL Micro Finance Bank in Ekiti Mr Dele Ayobami and the SMEDAN Manager in Ekiti Mr Ayomide Ilesanmi Edited By Mouktar Adamu Source NAN
    FG empowers 80 Ekiti women agri-preneurs with N1.6m grant
    General news2 years ago

    FG empowers 80 Ekiti women agri-preneurs with N1.6m grant

    No fewer than 80 women agri-preneurs in Ekiti have benefited from a N1.6 million grant provided under the Federal Government’s Micro, Small and Medium Enterprise’s grant, as part of its vision of lifting 100 million Nigerians out of poverty.

    Dr. Umar Radda, Director General, Small and Medium Enterprise Development Agency of Nigeria, (SMEDAN), restated the commitment of the present administration to lift 100 million Nigerians out of poverty in the next four years.

    Radda, who was speaking on Sunday at the closing ceremony of the training of participants of the SMEDAN’s Women in Self Employment Programme, (WISE-P) in Ado-Ekiti, said that the training was aimed at raising the capacity of the participants to enable them utilize the funds effectively.

    The DG of SMEDAN, who was represented by the agency’s Director of Agric-business Development and Extension, Dr Robert Owaiye, noted that globally, MSMEs are recognized as engines of socio-economic transformation, as they offered opportunities to drive jobs and wealth creation, as well as income re-distribution within the society.

    “The WISE-P training and empowerment component is one the instruments available to SMEDAN to meet its mandate.

    ” The focus is on providing capacity building, (inclusive of entrepreneurship and vocational training) with associated empowerment grants to existing women agri-preneurs.

    “This will procure for them the required mind-set and financial enablement, as well as place their businesses on the needed sound footing for impact in terms of pride, profit and diversification.

    ” This is part of President Buhari’s vision of raising 100 million persons out of poverty over the next four years, ” Radda said.

    The News Agency of Nigeria, , reports that the DG, who explained that beneficiaries had been grouped into seven cooperative societies, with a grant of N230,000 each, urged beneficiaries to use the money judiciously.

    Also speaking, the Ekiti state Commissioner for Trade and Investments, Chief Muyiwa Olumilua, reiterated the commitment of the state governor Kayode Fayemi to partner with SMEDAN and other agencies, to raise the standards of living of the citizens.

    Participants at the training, Mrs Ruth Oladoja and Mrs Omoyeni Palmer, who spoke separately with newsmen, assured of equitable distribution and judicious use of the grants in order to contribute their own quota to the development of the economy.

    Present at the occasion were the representative of NIRSAL Micro Finance Bank in Ekiti, Mr Dele Ayobami, and the SMEDAN Manager in Ekiti. Mr Ayomide Ilesanmi.


    Edited By: Mouktar Adamu
    Source: NAN

  •   Some artisans in Kano have lauded the Federal Government for the successful implementation of the Micro Small and Medium Scale Enterprises MSME Survival Fund in Kano State A cross section of the artisans gave the commendation in an interview with the News Agency of Nigeria on the sideline of inauguration of the disbursement exercise on Friday in Kano The MSME Survival Fund is one of the Federal Government s economic support measures designed to assist micro and small businesses affected by the COVID 19 pandemic The Payroll Support Scheme is aimed at MSMEs adversely affected by the pandemic The scheme will provide payroll support to a maximum of 10 employees per qualifying MSME The sheme is being implemented through the Bank of Industry and other relevant agencies Mr Auwalu Danhajiya Chairman Kano State chapter of the National Association of Tailors said that most of the tailors who registered under the scheme had received N30 000 grant from the federal government Danhajiya commended the gesture saying it would assist members of the association to improve their capital base The COVID 19 pandemic negatively affected the trade forcing many tailors out of business in the state In the past few days most of our members got credit alerts through their individual accounts under the Federal Government s MSME Survival Fund We have about 50 000 registered members and most of those captured under the scheme had received N30 000 from the government Some of the beneficiaries have used the money to either repair their broken sewing machines purchase working materials settled debt or take care of their family needs The gesture will enable us resume work and encourage productivity he said In their separate remarks Murtala Umar and Abubakar Dogo of the Nigeria Automobile Technicians Association NATA and Kano State Vulcanizer Association respectively commended the gesture Umar said a great number of NATA members recieved support under the scheme and urged the government to expand the scope of the fund to mobilise more participation in the programme Miss Aisha Bello a tailor and one of the beneficiaries said that she received N30 000 from the scheme to improve her trade I lost my savings to the pandemic I am happy now because the grant assisted me to continue with the trade she said Also speaking Alhaji Idris Hassan the Special Adviser to Gov Abdullahi Ganduje on Automobile said the state government in collaboration with the federal government had registered thousands of artisans under the scheme Hassan said the registration exercise was conducted in collaboration with various associations to ensure that genuine artisans benefited from the scheme We are happy and we all know what happened during COVID 19 a lot of people have gone into bad condition With the grant of N30 000 from the federal government especially members of NATA tailors bricklayers and welders are all happy they all benefited from the first batch of the scheme he said While commending the gesture Hassan added that it would encourage development of MSMEs as well as social and economic development of the state On his part Dikko Umar the Director General Small and Medium Enterprises Development Agency SMEDAN said the fund would revive small businesses affected by the pandemic in the country Umar represented by Muhammad Madaki Zonal Director of the agency in charge of Kano Zone said the fund would assist the artisans enhance their businesses He said the agency had initiated viable projects to fasttrack growth of SMEs and urged the artisans to avail themselves the opportunities to key into its programmes for sustainable development SMEDAN is a one stop shop it is there to guide and put artisans on the right track so that they can succeed in their businesses They are micro in nature and we want to see them grow Umar said Also commenting Anwosu Emeka representative of the BOI said the Survival Fund was initiated by the federal government to support businesses affected by the COViD 19 pandemic Emeka said the government was providing grant to businesses that had suffered losses due to the pandemic Businesses suffered due to COVID 19 lockdown we are trying to support them so that they can go back to normal he said adding that the scheme focused on artisans According to him all eligible artisans are free to apply for the fund and urged artisans to enroll into the scheme to enable them to benefit Emeka added that disbursement were being done directly into individual accounts of the beneficiaries Edited By Ismail Abdulaziz Source NAN
    FG’s MSME Survival Fund excites Kano artisans
      Some artisans in Kano have lauded the Federal Government for the successful implementation of the Micro Small and Medium Scale Enterprises MSME Survival Fund in Kano State A cross section of the artisans gave the commendation in an interview with the News Agency of Nigeria on the sideline of inauguration of the disbursement exercise on Friday in Kano The MSME Survival Fund is one of the Federal Government s economic support measures designed to assist micro and small businesses affected by the COVID 19 pandemic The Payroll Support Scheme is aimed at MSMEs adversely affected by the pandemic The scheme will provide payroll support to a maximum of 10 employees per qualifying MSME The sheme is being implemented through the Bank of Industry and other relevant agencies Mr Auwalu Danhajiya Chairman Kano State chapter of the National Association of Tailors said that most of the tailors who registered under the scheme had received N30 000 grant from the federal government Danhajiya commended the gesture saying it would assist members of the association to improve their capital base The COVID 19 pandemic negatively affected the trade forcing many tailors out of business in the state In the past few days most of our members got credit alerts through their individual accounts under the Federal Government s MSME Survival Fund We have about 50 000 registered members and most of those captured under the scheme had received N30 000 from the government Some of the beneficiaries have used the money to either repair their broken sewing machines purchase working materials settled debt or take care of their family needs The gesture will enable us resume work and encourage productivity he said In their separate remarks Murtala Umar and Abubakar Dogo of the Nigeria Automobile Technicians Association NATA and Kano State Vulcanizer Association respectively commended the gesture Umar said a great number of NATA members recieved support under the scheme and urged the government to expand the scope of the fund to mobilise more participation in the programme Miss Aisha Bello a tailor and one of the beneficiaries said that she received N30 000 from the scheme to improve her trade I lost my savings to the pandemic I am happy now because the grant assisted me to continue with the trade she said Also speaking Alhaji Idris Hassan the Special Adviser to Gov Abdullahi Ganduje on Automobile said the state government in collaboration with the federal government had registered thousands of artisans under the scheme Hassan said the registration exercise was conducted in collaboration with various associations to ensure that genuine artisans benefited from the scheme We are happy and we all know what happened during COVID 19 a lot of people have gone into bad condition With the grant of N30 000 from the federal government especially members of NATA tailors bricklayers and welders are all happy they all benefited from the first batch of the scheme he said While commending the gesture Hassan added that it would encourage development of MSMEs as well as social and economic development of the state On his part Dikko Umar the Director General Small and Medium Enterprises Development Agency SMEDAN said the fund would revive small businesses affected by the pandemic in the country Umar represented by Muhammad Madaki Zonal Director of the agency in charge of Kano Zone said the fund would assist the artisans enhance their businesses He said the agency had initiated viable projects to fasttrack growth of SMEs and urged the artisans to avail themselves the opportunities to key into its programmes for sustainable development SMEDAN is a one stop shop it is there to guide and put artisans on the right track so that they can succeed in their businesses They are micro in nature and we want to see them grow Umar said Also commenting Anwosu Emeka representative of the BOI said the Survival Fund was initiated by the federal government to support businesses affected by the COViD 19 pandemic Emeka said the government was providing grant to businesses that had suffered losses due to the pandemic Businesses suffered due to COVID 19 lockdown we are trying to support them so that they can go back to normal he said adding that the scheme focused on artisans According to him all eligible artisans are free to apply for the fund and urged artisans to enroll into the scheme to enable them to benefit Emeka added that disbursement were being done directly into individual accounts of the beneficiaries Edited By Ismail Abdulaziz Source NAN
    FG’s MSME Survival Fund excites Kano artisans
    Economy2 years ago

    FG’s MSME Survival Fund excites Kano artisans

    Some artisans in Kano have lauded the Federal Government for the successful implementation of the Micro, Small and Medium Scale Enterprises (MSME) Survival Fund in Kano State.

    A cross section of the artisans gave the commendation in an interview with the News Agency of Nigeria , on the sideline of inauguration of the disbursement exercise on Friday in Kano.

    The MSME Survival Fund is one of the Federal Government’s economic support measures designed to assist micro and small businesses affected by the COVID-19 pandemic.

    The Payroll Support Scheme is aimed at MSMEs adversely affected by the pandemic.

    The scheme will provide payroll support to a maximum of 10 employees per qualifying MSME.

    The sheme is being implemented through the Bank of Industry and other relevant agencies.

    Mr Auwalu Danhajiya, Chairman, Kano State chapter of the National Association of Tailors, said that most of the tailors who registered under the scheme had received N30,000 grant from the federal government.

    Danhajiya commended the gesture, saying it would assist members of the association to improve their capital base.

    “The COVID-19 pandemic negatively affected the trade forcing many tailors out of business in the state.

    “In the past few days most of our members got credit alerts through their individual accounts under the Federal Government’s MSME Survival Fund.

    “We have about 50,000 registered members and most of those captured under the scheme had received N30,000 from the government.

    “Some of the beneficiaries have used the money to either repair their broken sewing machines, purchase working materials, settled debt or take care of their family needs.

    “The gesture will enable us resume work and encourage productivity,” he said.

    In their separate remarks, Murtala Umar and Abubakar Dogo of the Nigeria Automobile Technicians Association (NATA) and Kano State Vulcanizer Association, respectively,  commended the gesture.

    Umar said a great number of NATA members recieved support under the scheme, and urged the government to expand the scope of the fund to mobilise more participation in the programme.

    Miss Aisha Bello, a tailor and one of the beneficiaries, said that she received N30,000 from the scheme to improve her trade.

    “I lost my savings to the pandemic, I am happy now because the grant assisted me to continue with the trade,” she said.

    Also speaking, Alhaji Idris Hassan, the Special Adviser to Gov. Abdullahi Ganduje on Automobile, said the state government in collaboration with the federal government had registered thousands of artisans under the scheme.

    Hassan said the registration exercise was conducted in collaboration with various associations to ensure that genuine artisans benefited from the scheme.

    “We are happy and we all know what happened during COVID-19, a lot of people have gone into bad condition.

    “With the grant of N30,000 from the federal government, especially members of NATA, tailors, bricklayers and welders are all happy, they all benefited from the first batch of the scheme,” he said.

    While commending the gesture, Hassan added that it would encourage development of MSMEs as well as social and economic development of the state.

    On his part, Dikko Umar, the Director-General, Small and Medium Enterprises Development Agency (SMEDAN), said the fund would revive small businesses affected by the pandemic in the country.

    Umar, represented by Muhammad Madaki, Zonal Director of the agency in charge of Kano Zone, said the fund would assist the artisans enhance their businesses.

    He said the agency had initiated viable projects to fasttrack growth of SMEs, and urged the artisans to avail themselves the opportunities to key into its programmes for sustainable development.

    SMEDAN is a one stop shop, it is there to guide and put artisans on the right track so that they can succeed in their businesses.

    “They are micro in nature and we want to see them grow,” Umar said.

    Also commenting,  Anwosu Emeka, representative of the BOI, said the Survival Fund was initiated by the federal government to support businesses affected by the COViD-19 pandemic.

    Emeka said the government was providing grant to businesses that had suffered losses due to the pandemic.

    “Businesses suffered due to COVID-19 lockdown, we are trying to support them  so that they can go back to normal,” he said, adding that the scheme focused on artisans.

    According to him, all eligible artisans are free to apply for the fund, and urged artisans to enroll into the scheme to enable them to benefit.

    Emeka added that disbursement were being done directly into individual accounts of the beneficiaries.


    Edited By: Ismail Abdulaziz
    Source: NAN

  •   Small and Medium Enterprises Development Agency of Nigeria SMEDAN on Thursday unveiled three technological initiatives aimed at improving operations of Micro Small and Medium Enterprises in the country The News Agency of Nigeria reports that the three initiatives are the MSME Market Hub App MSME Digital Academy and an Online Equipment Exhibition Portal Mrs Mariam Katagum Minister of State for Industry Trade and Investment at the virtual official launch said the focus of SMEs on the use of technology would inspire growth client values and market differentiation Katagum said the three initiatives were carefully designed and developed to ensure that MSMEs desirous of improving their businesses could utilise them for improved sales and knowledge enhancement The Minister said that the Federal Government was repositioning the sub sector for international competitiveness and to make it a great source of earning She said that the productivity of the SMEs could be further enhanced through technological innovation and engagement in research and development related activities Katagum said that SMEDAN in order to support SMEs in Nigeria to adopt the use of technology to boost their operations has partnered with credible private sector institutions and international associations In this era of digitalization and technology dominance I am happy to be part of these great initiatives aimed at supporting the SMEs in Nigeria to achieve excellence in their operations In this growing multifaceted world SMEs are concentrating more on using technology to inspire growth client values and market differentiation she said The Minister said that plans were underway to use Nigerian local languages in the delivery of training programmes in the MSMEs digital academy In his remarks Dr Dikko Umaru Radda Director General SMEDAN said the agency was poised to continue to position itself as a one stop shop for the development of MSMEs in Nigeria Radda said this was in line with the agency s mandate toward establishing well structured and efficient Micro Small and Medium Enterprises to enhance sustainable economic development To this end the DG said the agency could not but continue to explore further avenues to crystalize the mission and to ensure that the vision of SMEDAN comes to fruition The agency therefore has taken advantage of the maximum opportunities presented though the emerging technologies to bring our efficiency closer to SMEs in Nigeria he said Radda said that the agency had partnered with indigenous and strategic organisations within the digital space to further develop the SMEs in Nigeria and indeed across Africa Presently I am pleased to introduce the following three projects SMEDAN and its partners produced The first is the Market Hub App in partnership with Concrete Communications Limited The second is MSME digital academy developed in partnership with Sapphital IT and the third is the On line equipment exhibition portal for SMEs in partnership with the China s Africa Guangdong Business Association he said Radda said that the Market Hub App would serve as an online one stop shop convergence of all small and medium scale businesses including service providers in Nigeria He said the end position was to be the number one business directory app in Nigeria where you can visit and check out uploaded businesses and services with their content details You can upload your own business and services for prospective views and contacting you Our resource persons are also on line to address your enquiries on the ease of doing businesses in Nigeria and other related enquiries you might be seeking relatedly for I urge all business owners in Nigeria to download this App and upload their service offering and products and take advantage of this technology to promote their business and enhance their growth he said Edited By Oluwole Sogunle Source NAN
    SMEDAN unveils technological initiatives for improved MSME operations
      Small and Medium Enterprises Development Agency of Nigeria SMEDAN on Thursday unveiled three technological initiatives aimed at improving operations of Micro Small and Medium Enterprises in the country The News Agency of Nigeria reports that the three initiatives are the MSME Market Hub App MSME Digital Academy and an Online Equipment Exhibition Portal Mrs Mariam Katagum Minister of State for Industry Trade and Investment at the virtual official launch said the focus of SMEs on the use of technology would inspire growth client values and market differentiation Katagum said the three initiatives were carefully designed and developed to ensure that MSMEs desirous of improving their businesses could utilise them for improved sales and knowledge enhancement The Minister said that the Federal Government was repositioning the sub sector for international competitiveness and to make it a great source of earning She said that the productivity of the SMEs could be further enhanced through technological innovation and engagement in research and development related activities Katagum said that SMEDAN in order to support SMEs in Nigeria to adopt the use of technology to boost their operations has partnered with credible private sector institutions and international associations In this era of digitalization and technology dominance I am happy to be part of these great initiatives aimed at supporting the SMEs in Nigeria to achieve excellence in their operations In this growing multifaceted world SMEs are concentrating more on using technology to inspire growth client values and market differentiation she said The Minister said that plans were underway to use Nigerian local languages in the delivery of training programmes in the MSMEs digital academy In his remarks Dr Dikko Umaru Radda Director General SMEDAN said the agency was poised to continue to position itself as a one stop shop for the development of MSMEs in Nigeria Radda said this was in line with the agency s mandate toward establishing well structured and efficient Micro Small and Medium Enterprises to enhance sustainable economic development To this end the DG said the agency could not but continue to explore further avenues to crystalize the mission and to ensure that the vision of SMEDAN comes to fruition The agency therefore has taken advantage of the maximum opportunities presented though the emerging technologies to bring our efficiency closer to SMEs in Nigeria he said Radda said that the agency had partnered with indigenous and strategic organisations within the digital space to further develop the SMEs in Nigeria and indeed across Africa Presently I am pleased to introduce the following three projects SMEDAN and its partners produced The first is the Market Hub App in partnership with Concrete Communications Limited The second is MSME digital academy developed in partnership with Sapphital IT and the third is the On line equipment exhibition portal for SMEs in partnership with the China s Africa Guangdong Business Association he said Radda said that the Market Hub App would serve as an online one stop shop convergence of all small and medium scale businesses including service providers in Nigeria He said the end position was to be the number one business directory app in Nigeria where you can visit and check out uploaded businesses and services with their content details You can upload your own business and services for prospective views and contacting you Our resource persons are also on line to address your enquiries on the ease of doing businesses in Nigeria and other related enquiries you might be seeking relatedly for I urge all business owners in Nigeria to download this App and upload their service offering and products and take advantage of this technology to promote their business and enhance their growth he said Edited By Oluwole Sogunle Source NAN
    SMEDAN unveils technological initiatives for improved MSME operations
    Economy2 years ago

    SMEDAN unveils technological initiatives for improved MSME operations

    Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) on Thursday unveiled three technological initiatives aimed at improving operations of Micro, Small and Medium Enterprises in the country.

    The News Agency of Nigeria reports that the three initiatives are: the MSME Market Hub App, MSME Digital Academy and an Online Equipment Exhibition Portal.

    Mrs Mariam Katagum, Minister of State for Industry, Trade and Investment, at the virtual official launch, said the focus of SMEs on the use of technology would inspire growth, client values and market differentiation.

    Katagum said the three initiatives were carefully  designed and developed to ensure that MSMEs desirous of improving their businesses could utilise them for improved sales and knowledge enhancement.

    The Minister said that the Federal Government was repositioning the sub-sector for international competitiveness and to make it a great source of earning.

    She said that the productivity of the SMEs could be further enhanced through technological innovation and engagement in research and development-related activities.

    Katagum said that SMEDAN, in order to support SMEs in Nigeria to adopt the use of technology to boost their operations, has partnered with credible private sector institutions and international associations.

    “In this era of digitalization and technology dominance, I am happy to be part of these great initiatives aimed at supporting the SMEs in Nigeria to achieve excellence in their operations.

    “In this growing multifaceted world, SMEs are concentrating more on using technology to inspire growth, client values and market differentiation,” she said.

    The Minister said that plans were underway to use Nigerian local languages in the delivery of training programmes in the MSMEs digital academy.

    In his remarks, Dr Dikko Umaru Radda, Director-General, SMEDAN, said the agency was poised to continue to position itself as a one stop shop for the development of MSMEs in Nigeria.

    Radda said this was in line with the agency’s mandate toward establishing well structured and efficient Micro, Small and Medium Enterprises to enhance sustainable economic development.

    To this end, the DG said the agency could not but continue to explore further avenues to crystalize the mission and to ensure that the vision of SMEDAN comes to fruition.

    “The agency therefore has taken advantage of the maximum opportunities presented though the emerging technologies to bring our efficiency closer to SMEs in Nigeria,” he said.

    Radda said that the agency had partnered with indigenous and strategic organisations within the digital space  to further develop the SMEs in Nigeria and indeed across Africa.

    “Presently, I am pleased to introduce the following three projects SMEDAN and its partners produced.

    ”The first is the Market Hub App, in partnership with Concrete Communications Limited.

    “The second is MSME digital academy, developed in partnership with Sapphital IT and the third is the  On line equipment exhibition portal for SMEs, in partnership with the China’s Africa Guangdong Business Association,” he said.

    Radda said that the Market Hub App would serve as an online one stop shop convergence of all small and medium scale businesses, including service providers in Nigeria.

    He said the end position was to be the number one business directory app in Nigeria where you can visit and check out uploaded businesses and services with their content details.

    “You can upload your own business and services for prospective views and contacting you.

    “Our resource persons are also on line to address your enquiries on the ease of doing businesses in Nigeria and other related enquiries you might be seeking relatedly for.

    “I urge all business owners in Nigeria to download this App and upload their service offering and products, and take advantage of this technology to promote their business and enhance their growth,” he said.


    Edited By: Oluwole Sogunle
    Source: NAN

  •   The Federal Government on Thursday launched three unique digital products designed and developed for the Micro Small and Medium Enterprises MSMEs to improve their sales update skills and enhance knowledge Amb Mariam Katagum Minister of State for Industry Trade and Investment said while launching the products virtually that plans were underway to use Nigerian local languages in training programmes at the MSMEs Digital Academy The three digital products namely MARKETHUB APP MSMEs Digital Academy and MSMEs Equipment Exhibition Portal were developed by the Small and Medium Enterprises Development Agency of Nigeria SMEDAN The News Agency of Nigeria reports that the products developed in partnership with credible private institutions and international organisations are technology based marketing and sales channels to update skills boost operations and turnover Katagum said the initiative was aimed at supporting the MSMEs in Nigeria to attain excellence in their operations toward creating job opportunities wealth and poverty alleviation She commended SMEDAN and her partners on their efforts to spur economic growth by spearheading the development and diversification of MSMEs in Nigeria through robust technological deployments In fact the progressive development and growth of most successful MSMEs is relying more and more on continued use of technology The Federal Government in its effort to make MSMEs more effective in the economy and to ensure balanced industrial development has decided to promote development in domestic industrial activities Katagum said To this end she said the productivity of the MSMEs could be further enhanced through technological innovation and engaging in Research and Development R amp D related activities Nevertheless she noted that the innovative capacity of MSMEs significantly varied depending on the sector magnitude target resources locations and the opportunities accruing to the business environment In his address Dr Dikko Radda SMEDAN s Director General said in line with its mandate SMEDAN partnered with indigenous and strategic organisations within the Digital Space to bring forth unique initiatives to boost the development of MSMEs in the country and beyond Radda described THE MARKETHUB as a one stop online convergence of all MSMEs positioned to be the number one Business Directory App in Nigeria to visit upload and check out uploaded businesses and services with contact details The market Hub App is already available on Google Play Store and will soon be available on the Apple Store he said He then described MSMEs Digital Academy as the first major Online Learning Place for MSMEs in Nigeria and across Africa where small business owners their employees freelancers and new business owners could acquire skills Beyond learning you become part of the MSMEs Academy Alumni with lots of benefits New contents will be added every month as we build the largest Digital Learning Library for MSMEs Simply visit www smedigitalacademy com and start learning today he said He said the third project the Online Equipment Exhibition Portal would enable manufactures of light machineries equipment suitable for MSMEs to showcase latest products and services and meet industry partners The portal is virtual and an important part of the MSMEs development cycle such that any business owner that needs any form of equipment can visit the portal browse available options and connect with manufacturers he noted The SMEDAN boss urged Nigerians to utilise the platforms as they were embedded with a world of global business opportunities Edited By Gregg Mmaduakolam Mouktar Adamu Source NAN
    MSMEs: FG launches knowledge products, plans use of local languages at Digital Academy
      The Federal Government on Thursday launched three unique digital products designed and developed for the Micro Small and Medium Enterprises MSMEs to improve their sales update skills and enhance knowledge Amb Mariam Katagum Minister of State for Industry Trade and Investment said while launching the products virtually that plans were underway to use Nigerian local languages in training programmes at the MSMEs Digital Academy The three digital products namely MARKETHUB APP MSMEs Digital Academy and MSMEs Equipment Exhibition Portal were developed by the Small and Medium Enterprises Development Agency of Nigeria SMEDAN The News Agency of Nigeria reports that the products developed in partnership with credible private institutions and international organisations are technology based marketing and sales channels to update skills boost operations and turnover Katagum said the initiative was aimed at supporting the MSMEs in Nigeria to attain excellence in their operations toward creating job opportunities wealth and poverty alleviation She commended SMEDAN and her partners on their efforts to spur economic growth by spearheading the development and diversification of MSMEs in Nigeria through robust technological deployments In fact the progressive development and growth of most successful MSMEs is relying more and more on continued use of technology The Federal Government in its effort to make MSMEs more effective in the economy and to ensure balanced industrial development has decided to promote development in domestic industrial activities Katagum said To this end she said the productivity of the MSMEs could be further enhanced through technological innovation and engaging in Research and Development R amp D related activities Nevertheless she noted that the innovative capacity of MSMEs significantly varied depending on the sector magnitude target resources locations and the opportunities accruing to the business environment In his address Dr Dikko Radda SMEDAN s Director General said in line with its mandate SMEDAN partnered with indigenous and strategic organisations within the Digital Space to bring forth unique initiatives to boost the development of MSMEs in the country and beyond Radda described THE MARKETHUB as a one stop online convergence of all MSMEs positioned to be the number one Business Directory App in Nigeria to visit upload and check out uploaded businesses and services with contact details The market Hub App is already available on Google Play Store and will soon be available on the Apple Store he said He then described MSMEs Digital Academy as the first major Online Learning Place for MSMEs in Nigeria and across Africa where small business owners their employees freelancers and new business owners could acquire skills Beyond learning you become part of the MSMEs Academy Alumni with lots of benefits New contents will be added every month as we build the largest Digital Learning Library for MSMEs Simply visit www smedigitalacademy com and start learning today he said He said the third project the Online Equipment Exhibition Portal would enable manufactures of light machineries equipment suitable for MSMEs to showcase latest products and services and meet industry partners The portal is virtual and an important part of the MSMEs development cycle such that any business owner that needs any form of equipment can visit the portal browse available options and connect with manufacturers he noted The SMEDAN boss urged Nigerians to utilise the platforms as they were embedded with a world of global business opportunities Edited By Gregg Mmaduakolam Mouktar Adamu Source NAN
    MSMEs: FG launches knowledge products, plans use of local languages at Digital Academy
    Economy2 years ago

    MSMEs: FG launches knowledge products, plans use of local languages at Digital Academy

    The Federal Government on Thursday launched three unique digital products designed and developed for the Micro, Small and Medium Enterprises (MSMEs) to improve their sales, update skills and enhance knowledge.

    Amb. Mariam Katagum, Minister of State for Industry, Trade and Investment, said while launching the products virtually, that plans were underway to use Nigerian local languages in training programmes at the MSMEs Digital Academy.

    The three digital products namely, MARKETHUB APP, MSMEs Digital Academy and MSMEs Equipment Exhibition Portal were developed by the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN).

    The News Agency of Nigeria reports that the products, developed in partnership with credible private institutions and international organisations, are technology-based marketing and sales channels to update skills, boost operations and turnover.

    Katagum said the initiative was aimed at supporting the MSMEs in Nigeria to attain excellence in their operations, toward creating job opportunities, wealth and poverty alleviation.

    She commended SMEDAN and her partners on their efforts to spur economic growth by spearheading the development and diversification of MSMEs in Nigeria through robust technological deployments.

    “In fact, the progressive development and growth of most successful MSMEs is relying more and more on continued use of technology.

    “The Federal Government, in its effort to make MSMEs more effective in the economy and to ensure balanced industrial development, has decided to promote development in domestic industrial activities,” Katagum said.

    To this end, she said the productivity of the MSMEs could be further enhanced through technological innovation and engaging in Research and Development (R&D) related activities.

    Nevertheless, she noted that the innovative capacity of MSMEs significantly varied depending on the sector, magnitude, target, resources, locations and the opportunities accruing to the business environment.

    In his address, Dr Dikko Radda, SMEDAN’s Director-General, said in line with its mandate, SMEDAN partnered with indigenous and strategic organisations within the Digital Space to bring forth unique initiatives to boost the development of MSMEs in the country and beyond.

    Radda described THE MARKETHUB as a one-stop online convergence of all MSMEs, positioned to be the number one Business Directory App in Nigeria to visit, upload and check out uploaded businesses and services with contact details.

    “The market Hub App is already available on Google Play Store and will soon be available on the Apple Store,” he said.

    He then described MSMEs Digital Academy as the first major Online Learning Place for MSMEs in Nigeria and across Africa, where small business owners, their employees, freelancers, and new business owners could acquire skills.

    “Beyond learning, you become part of the MSMEs Academy Alumni with lots of benefits. New contents will be added every month as we build the largest Digital Learning Library for MSMEs.

    “Simply visit www.smedigitalacademy.com and start learning today,” he said.

    He said the third project, the Online Equipment Exhibition Portal, would enable manufactures of light machineries/equipment suitable for MSMEs to showcase latest products and services and meet industry partners.

    “The portal is virtual and an important part of the MSMEs development cycle, such that any business owner that needs any form of equipment can visit the portal, browse available options and connect with manufacturers,” he noted.

    The SMEDAN boss urged Nigerians to utilise the platforms as they were embedded with a world of global business opportunities.


    Edited By: Gregg Mmaduakolam/Mouktar Adamu
    Source: NAN

  •   Small and Medium Enterprises Development Agency of Nigeria SMEDAN said it has trained more than 4 000 unemployed youths on different skills acquisition in Ebonyi Mr Chigozie Asochukwu SMEDAN s Coordinator in the state disclosed this in an interview with the News Agency of Nigeria on Thursday in Abakaliki He said that the skills include hair dressing tailoring barbing computer operator shoe maker photographer among others Asochukwu said that the training which began in January was ongoing and assured that the agency was ready to do more to make unemployed persons self reliance He said that the agency carried out so many programmes and trainings during the coronavirus pandemic period The coordinator said that the agency also assisted some of the participants with support equipment to start their own businesses COVID 19 affected all facets of lives but we still kept to our mandate The federal government is doing well on youth development they have just introduced what they call Survival Fund to cushion the effect of COVID 19 He said that the agency monitors those trained by visiting them to ensure that they are make good use of what they have benefited from the training The coordinator however decried the destruction caused by the EndSars protesters and urged young persons to embrace entrepreneurship rather than searching for white collar jobs that were not available Government cannot employ everybody There is need to develop oneself in business We should know that the benefit of entrepreneur to human capital development could not be over emphasised The youth should avoid anything that can cause disorder and embrace the government s campaign on youth empowerment he advised Edited By Joseph Edeh Ekemini Ladejobi Source NAN
    SMEDAN trains 4, 000 youths on skills acquisition in Ebonyi
      Small and Medium Enterprises Development Agency of Nigeria SMEDAN said it has trained more than 4 000 unemployed youths on different skills acquisition in Ebonyi Mr Chigozie Asochukwu SMEDAN s Coordinator in the state disclosed this in an interview with the News Agency of Nigeria on Thursday in Abakaliki He said that the skills include hair dressing tailoring barbing computer operator shoe maker photographer among others Asochukwu said that the training which began in January was ongoing and assured that the agency was ready to do more to make unemployed persons self reliance He said that the agency carried out so many programmes and trainings during the coronavirus pandemic period The coordinator said that the agency also assisted some of the participants with support equipment to start their own businesses COVID 19 affected all facets of lives but we still kept to our mandate The federal government is doing well on youth development they have just introduced what they call Survival Fund to cushion the effect of COVID 19 He said that the agency monitors those trained by visiting them to ensure that they are make good use of what they have benefited from the training The coordinator however decried the destruction caused by the EndSars protesters and urged young persons to embrace entrepreneurship rather than searching for white collar jobs that were not available Government cannot employ everybody There is need to develop oneself in business We should know that the benefit of entrepreneur to human capital development could not be over emphasised The youth should avoid anything that can cause disorder and embrace the government s campaign on youth empowerment he advised Edited By Joseph Edeh Ekemini Ladejobi Source NAN
    SMEDAN trains 4, 000 youths on skills acquisition in Ebonyi
    General news2 years ago

    SMEDAN trains 4, 000 youths on skills acquisition in Ebonyi

    Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), said it has trained more than 4,000 unemployed youths on different skills acquisition in Ebonyi.

     Mr Chigozie Asochukwu, SMEDAN`s Coordinator in the state, disclosed this in an interview with the News Agency of Nigeria on Thursday in Abakaliki.

    He said that the skills include: hair dressing, tailoring, barbing, computer operator, shoe maker, photographer among others.

    Asochukwu said that the training which began in January was ongoing and assured that the agency was ready to do more to make unemployed persons self-reliance.

    He said that the agency carried out so many programmes and trainings during the coronavirus pandemic period.

    The coordinator said that the agency also assisted some of the participants with support equipment to start their own businesses.

    COVID-19 affected all facets of lives but we still kept to our mandate.

    “The federal government is doing well on youth development; they have just introduced what they call “Survival Fund” to cushion the effect of COVID-19.

    He said that the agency monitors those trained by visiting them to ensure that they are make good use of what they have benefited from the training.

    The coordinator, however decried the destruction caused by the #EndSars protesters and urged young persons to embrace entrepreneurship rather than searching for white-collar jobs that were not available.

    “Government cannot employ everybody. There is need to develop oneself in business. We should know that the benefit of entrepreneur to human capital development could not be over-emphasised.

    “The youth should avoid anything that can cause disorder and embrace the government`s campaign on youth empowerment,” he advised.


    Edited By: Joseph Edeh/Ekemini Ladejobi
    Source: NAN

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