Business
SMEDAN Seeks Collaboration To Boost Industries
Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has called for meaningful collaboration among agencies in the country to boost activities of entrepreneurs.
The Director -General of SMEDAN, Alhaji Muhammad Umar, who noted this, said in a recent statement that such collaborations would go a long way to improving economic development.
Speaking at a meeting with the Director-General, Raw Materials Research and Development Council (RMRDC), Prof. Azikwe Onwualu, stressed the importance of inter- agency collaboration, adding that, it was crucial to the realisation of the agency’s mandate.
According to him, both agencies were created by the government. He said the government created the two agencies so that they can collaborate to develop the nation.
Umar also stated that SMEDAN and RMRDC partnership would open a new vista for economic development in Nigeria, as RMRMC has the data of raw materials.
He added that SMEDAN will capitalise on this to develop MSMEs in Nigeria.
The SMEDAN DG noted that an SME sector that is built on imported technology is unfavourable, adding that SME must be built on local technology. He also congratulated the RMRDC for initiating the Raw materials processing cluster, adding that with their collaboration, the cluster concept would be strengthened as SMEDAN has now taken charge of Industrial Development Centres all over the federation.
Umar also said that with the partnership between the two agencies, they could develop one enterprises based on the natural endowment of the local government areas and this should cover all the 774 local governments areas in Nigeria. He suggested that both agencies should come up with a framework for achieving this goal.
In his response, Onwualu commended SMEDAN for taking a bold move to partner with the council considering the fact that the mandate of the council covers all the sectors of the economy. He said the council has funded research on raw materials and generated information on natural resources of all local governments and states in Nigeria.
He said RMRDC also always released data to investors and its impact was felt all over Africa.
Onwualu also said the council has commenced the promotion of Raw materials processing cluster, a policy he said has already been accepted by the Federal Ministry of Industry. According to him, the advantages of a cluster concept were too numerous and it would stimulate the growth of MSMEs in Nigeria.
Professor Onwualu further said RMRDC was in support of the one cluster per local Government in the next four years adding it was achievable and would be supported.
He pointed out that one major constraints facing SMEs is funding, ”I believe we can work together and assist SMEs with facilitating access to funding,” he stated.
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