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Director-General SMEAN and Executive Direction National Bureau of Statistics SMEDAN, NBS Sign MOU on 3rd National MSMEs Data

The Director-General of the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) Dr Dikko Umaru Radda, has expressed confidence that the collaboration between SMEDAN and the National Bureau of Statistics (NBS) on the national MSME data\ would result to a credible and reliable data that will support MSME growth and development in the country. Speaking after signing a Memorandum of Understanding (MOU) between SMEDAN and NBS for the update of the 3rd national data on Micro Small and Medium Enterprises (MSMEs) in Abuja,, he said the previous national data on MSMEs have given the Agency credibility considering the collaboration.

“We want to go deep into getting a reliable database for MSMEs” adding some of the challenges we are facing is funding, we are trying to partner with development agencies to get a reliable data." Radda said.

He commended the management of the Nigeria Bureau of Statistics for given the nation monthly updates on the economy and paid glowing tribute to the Statistician General for sustaining the trend.

Earlier, the Statistician General, Dr Yemi Kale, lauded the cordial relationship existing between his bureau and SMEDAN.

"This is the third time we will be working together, and this shows the level of a good working relationship between both agencies," Kale said.

He said SMEDAN has been working with NBS on the MSME national data, a development he described as impressive, because "we don’t see ourselves as competitors, we see ourselves as partner." He said the signing of the MOU shows the level of the SMEDAN’s boss experience, “his first move is to get data, and a CEO that is looking for data is a chief executive that wants to perform”.
Dr. Kale said his Bureau was happy to work with SMEDAN and assured the bureau’s fullest cooperation. He said the quality of the data that will be released would be used for the good of the sector and the country as a whole.

The objectives of the MOU signed by SMEDAN and NBS are mainly to measure the level of MSMEs contribution to the sector, the Gross Domestic Product and employment and export. It will also determine the number of MSMEs in Nigeria on geo-political sectoral basis and by gender as well as determine the skills gaps within the sector and the growth of MSMEs.

It will be recalled that SMEDAN and NBS conducted the national data on MSMEs in 2010 and 2013 respectively. The 2010 survey revealed that there are 17, 284, 671 MSMEs in Nigeria while the 2013 national MSMEs survey revealed that there were 37,067,416 MSMEs in Nigeria.




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