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SMEDAN to uproot obstacles hindering SMEs growth

The Director General, Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), Charles Odii has  assured Nigerians of removing  obstacles stunting growth of Small and medium enterprise in the country.

Odii, who spoke during a visit to President Ahmed Bola Tinubu in Abuja to discusses the 'Grow Nigeria' slogan', - a strategy designed to offer SMEs essential guidance, resources, opportunities and conducive environment to thrive, said  that the agency will work with other organs of government to streamline regulations and optimize them for growth and productivity.

He said SMEs are central to the Federal Government's mission in eradicating poverty and ensuring prosperity for Nigerians, adding that the agency is fully ready to champion the President's Renewed Hope Economic Prosperity agenda, particularly by addressing obstacles hindering SME growth.

"The President's commitment was evident as we discussed SMEDAN’s GROW Nigerian strategy, which includes plans to create an enabling environment for over 40 million small businesses, collectively providing over 60 million jobs. We are not only going to protect them from inflationary pressures, but also empower them to drive down such trends.

“With this strategy, SMEs will get affordable financing opportunities, access to lucrative domestic and international markets, tailored mentorship, and support to compete through capacity building for improved production standards. Again, SMEDAN’s core mandate of rural industrialization, job creation and livelihood was seriously discussed during the meeting with the President."

Odii added that Tinubu’s assurance has reinvigorated his determination to passionately pursue SMEDAN’s mandate and deliver meaningful outcomes for small business owners nationwide.