Business
SMEDAN Generates 1.4m New Jobs
The Small and Medium
Enterprises Development Agency of Nigeria (SMEDAN) says it has generated 1.43 million new jobs under its National Enterprise Development Programme (NEDEP).
Director-General of the agency, Alhaji Bature Masari, said this while addressing the Japanese Trade Mission Interactive Session in Abuja last Thursday.
The Tide reports that NEDEP is the initiative of the Ministry of Industry, Trade and Investment, to holistically address the challenges confronting the Micro, Small and Medium Enterprises (MSMEs).
It is aimed at generating an estimated 5.0 million direct and indirect jobs between 2013 and 2015.
NEDEP was officially launched by President Goolduck Jonathan on February 11. Masari said the initiative was implemented under technical/vocational skills acquisition, business development services, entrepreneurship training as well as access to finance.
He said the period witnessed the generation and registration of an estimated 31,834 cooperative societies.
According to him, a total of 3,645 business plans have been generated from various cooperative societies.
He said the proposals had since been forwarded to the Bank of Industry (BOI) for appraisal and access to finance.
Masari said that the initiative had provided Nigerians with investment opportunities, adding that the investment opportunities were embedded in the Vision 20:2020 and the Transformation Agenda.
“The vast investment opportunities exist in ICT and modernisation of existing value chain in the agro and agro-allied sector with regards to production and processing.
“The other vital area is storage, packaging and marketing as well as distribution of food related items.’’
Speaking on the role of SMEDAN, Masari said the agency, which was established by an Act in 2003, was meant to coordinate and facilitate the development of the MSMEs sub-sector in the country.
The Tide reports that about 44 Chief Executives of 29 Japanese companies attended the business session.
The programme was facilitated by both the Japanese Trade Mission to Nigeria and the Embassy of Nigeria in Tokyo, Japan.