FG plans to remove obstacles hindering SMEs’ growth – SMEDAN

Mr. Charles Odii, the Director-General of the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), announced the Federal Government’s unwavering commitment to clearing hurdles obstructing the advancement of Small and Medium Enterprises (SMEs). This initiative aligns with President Bola Tinubu’s ambitious Renewed Hope economic agenda, as discussed during a pivotal meeting.

Odii emphasized the agency’s proactive stance, unveiling the ‘GROW Nigerian’ strategy aimed at equipping SMEs with indispensable guidance, resources, opportunities, and workforce assistance for sustained success. Echoing President Tinubu’s dedication to SMEDAN’s core objectives of rural industrialization, job creation, and livelihood enrichment, Odii underscored the pivotal role of SMEs in the nationwide drive to alleviate poverty and foster inclusive prosperity.

Read also:

• 
  Premier movie of MAKEMATION, an AI movie for the youth
• 
  SEC, SMEDAN collaborate to boost small business access to capital markets
• 
  SMEDAN, Kwara governor discuss joint strategy to support MSMEs nationwide

The director-general outlined ambitious targets within the ‘GROW Nigerian’ strategy, envisioning an enabling environment for over 40 million small businesses to collectively generate more than 60 million jobs. Highlighting collaborative efforts with government counterparts, Odii pledged to streamline regulations, dismantle barriers to formalization, and fortify SMEs against inflationary pressures.

With a focus on empowering SMEs, the strategy promises accessible financing avenues, lucrative domestic and international market access, customized mentorship programs, and capacity-building initiatives to enhance production standards. Odii expressed gratitude for President Tinubu’s unwavering support, affirming renewed determination to champion SMEDAN’s mandate and deliver tangible benefits to small business owners nationwide.