Small and Medium Enterprises Development Agency of Nigeria

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|abbreviation =SMEDAN |head_office =Abuja |year_established =2019 |motto = |Director_General/CEO = |website =smedan.gov.ng}}

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Small and Medium Enterprise Development Agency of Nigeria (SMEDAN) works towards assisting small and medium scale enterprises to overcome poor infrastructure in the management of business operations and accessing financial services amongst other challenges. [1] The former director general of the agency Umar Dikko Radda had left in April 2022 to pursue a political career. [2] Olawale Fasanya became the director general and chief executive officer of the agency on June 6, 2022. [3]

Activities

On February 9, 2013, SMEDAN signed a memorandum of understanding (MoU) with Ministry of Industry of Indonesia's Directorate-General of Small and Medium Industries (SMI). The MoU is for cooperation in enterprises development between the two countries and inviting Indonesian investors to Nigeria. [4]

In October 2022, the agency had organized a packaging and branding programme for small and medium enterprises (SMEs) products with the main objective of exposing them to possibilities within the Africa Continental Free Trade Area (AfCFTA). [5] SMEDAN in collaboration with Niger State organized a cluster empowerment programme in Minna in April, 2023 for businesses involved in the production and marketing of shea butter.[ citation needed ] The organization has partnered with Bloc, a company that provides tools and software for financial services management targeted at the small and medium sized enterprises for internal processes and for serving their clients. [6]

History

On 1 March, 2018, Femi Pedro was appointed by President Muhammadu Buhari as the Chairman, Board of Directors of the Small and Medium Enterprises Development Agency of NIgeria (SMEDAN). [7]

See also

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References

  1. ↑ Ogwo, Charles (2022-05-18). "SMEDAN committed to funding genuine SMEs - Wale Fasanya". Businessday NG. Retrieved 2023-05-16.
  2. ↑ Nda-Isaiah, Jonathan (2022-06-04). "Ex-SMEDAN Boss, Radda Hands Over To New Acting DG" . Retrieved 2023-05-16.
  3. ↑ "Buhari Appoints Fasanya as New SMEDAN Director General – THISDAYLIVE". www.thisdaylive.com. Retrieved 2023-05-16.
  4. ↑ "Nigeria wants Indonesia to invest". Investvine.com. 2013-02-15. Retrieved 2013-04-03.
  5. ↑ "SMEDAN: MSMEs must embrace innovation to sustain global relevance". TheCable. 2022-10-06. Retrieved 2023-05-16.
  6. ↑ "SMEDAN Partners Bloc to Empower MSMEs – THISDAYLIVE". www.thisdaylive.com. Retrieved 2023-05-16.
  7. ↑ "Buhari appoints 209 board chairmen - BusinessDay : News you can trust BusinessDay : News you can trust". www.businessdayonline.com. Archived from the original on 2017-12-30.
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