Abbreviation | SMEDAN |
---|---|
Headquarters | Abuja |
Website | smedan.gov.ng |
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.The current Director General is Charles .O. Odii [2] Olawale Fasanya became the director general and chief executive officer of the agency on June 6, 2022. [3] President Bola Ahmed Tinubu appointed Charles Odii as the Director General and Chief Executive Officer of the agency on the 12th October 2023.
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]
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] On 12th October, 2023, President Bola Ahmed Tinubu appointed Charles Odii as the DG/CEO Of the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN).
Small and medium-sized enterprises (SMEs) or small and medium-sized businesses (SMBs) are businesses whose personnel and revenue numbers fall below certain limits. The abbreviation "SME" is used by many national agencies and international organizations such as the World Bank, the OECD, European Union, the United Nations, and the World Trade Organization (WTO).
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Events in the year 2023 in Nigeria.
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