The Small and Medium Enterprises Development Agency of Nigeria SMEDAN has taken the Buy Made in Nigeria Campaign to China with its attendance at the just concluded China International SME Fair (CISMEF). Twenty six Nigerian Micro Small and Medium Entrepreneurs (MSMEs) showcased over 40 different Nigerian products at the global fair. Over 300 SMEs from various countries participated at the international expo. The Nigeria Pavilion was a beehive of activities as all through the duration of the fair, an average of 300 visitors engages the Nigerian officials and exhibitors on a daily basis on business opportunities and investment in the country. Products exhibited by Nigerian MSMEs at the fair include textiles, agricultural products, general products and leather products.Add a comment
The Small and Medium Enterprises Development Agency of Nigeria ( SMEDAN) , Bank of Industry (BOI)and Nigeria Export – Import Bank ( NEXIM) have hired the services of rating agency – Dun & Bradstreet Nigeria Limited to conduct ratings on Nigeria’s Micro, Small and Medium Enterprises ( SMEs) in the country.
A Memorandum of Understanding ( Mou) authorizing the rating firm to conduct due diligence analysis on all existing SMEs in Nigeria, was signed in Abuja by BOI , SMEDAN and NEXIM Bank with the rating agency firm- Dun & Bradstreet Limited. Currently, Nigeria has over 37 million SMEs with most of them, adjudged unviable due to challenges which include, lack of access to finance , poor infrastructure which make SMEs susceptible to early moribund. Minister of state for Industry, Trade and Investment, Aisha Abubakar presided over the signing of MOU in Abuja. She lamented that SMEs sector is beset with numerous challenges, most especially access to finance. She was confident that the coming of rating agency is a good development that will spur SMEs growth in Nigeria.
The Director General of the Small and Medium Enterprises Development Agency of Nigeria, SMEDAN Dr Dikko Umaru Radda has reiterated the Agency’s commitment to partner with the Niger Delta Development Commission NDDC to achieve its mandate of developing the Niger Delta Region.He disclosed this during a meeting with the Managing Director of the Niger Delta Development Commission, NDDC, Mr. Nsime Nkere at the Agency’s Corporate Headquarters in Abuja on Wednesday. The Director General of SMEDAN commended the Managing Director for identifying and acknowledging the importance of the Agency in helping to actualize the mandate of the Commission. The Director General stated that the Agency was set up to facilitate the development and promotion of MSMEs in Nigeria and the visit of the MD of NDDC to the Agency is highly commendable and apt.Add a comment