SMEDAN to create jobs to alleviate poverty in Nigeria – DG

SMEDAN to create jobs to alleviate poverty in Nigeria – DG

By Abdullahi Shugaba, Katsina.

Mr. Olawale Fasanya, Director-General, Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), says the agency will continue to support entrepreneurs to create jobs and alleviate poverty in Nigeria.


Fasanya gave the assurance during the launch of Women In Self-Empowerment Empowerment Programme (WISE-P) in Katsina on Sunday.


Represented by Alhaji Ado Bello, Director of Enterprises and Promotions, SMEDAN, the director-general said that the Micro, Small and Medium Enterprises (MSMEs) sub-sector played a critical role in the transformation of Nigerian economy.


According to him, MSMEs account for the highest jobs created and most significant poverty alleviation tool in the country.


Fasanya said that a national survey conducted in 2020 showed that 39.6 MSMEs employed 62.5 million people in the country, which represented 80.2 per cent of the national labour force.

He said in order to ensure access to finance for MSMEs, SMEDAN was partnering with a non-governmental organisation, African Centre for Global Entrepreneurial Leadership (ACGEL), to implement the Leadership Entrepreneurial Game Show (LEGS).


“The agency is also partnering with the Bank of Agriculture (BOA), Jaiz Bank and Sterling Bank to access matching funds for micro and small enterprises,” he said.


Fasanya stressed that SMEDAN had implemented a specialised skills acquisition programme for Internally Displaced Persons (IDPs), retirees and prison inmates in six states across the federation.


He listed the states as Ondo, Imo, Katsina, Borno, Rivers and Niger.


He said that 240 persons were supported with entrepreneurial and vocational skills, while 40 people benefitted in the states.

Share this post