41m new MSMEs employ over 59m Nigerians – SMEDAN

Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) says it has created over 41 million Micro, Small and Medium Enterprises (MSEMEs), employing at least 59 million Nigerians. The Director-General of the agency, Dr Dikko Radda, said this on Tuesday in Abakiliki during the launch of a five-day programme on National Business Skills Development Initiative (NBSDI). Radda, represented by a Director in the agency, Mr Ewans Monday, said the MSMEs had the potential to trigger off entrepreneural revolution in industry, agriculture and commerce in the country. According to him, the most recent national MSMEs survey of 2017 revealed that there are 41.5 million MSMEs employing over 59.6 million Nigerians, representing 76.5 per cent of the nation’s labour force.

He said the sector was also contributing 49.8 per cent to norminal Gross Domestic Product and exports, respectively. The SMEDAN boss said the NBSDI was designed to provide entrepreneurship, vocational skills and empowerment materials to fill the capacity gap among the youths. “The NBSDI enhances youth engagement in productive ventures, thereby ensuring they earn income through filling the artisanal gap in the country. The initiative is designed to ensure that more professional services will be provided by local and well-trained young artisans, leading to reduction in job loses to immigrants from neighbouring counties. It seeks to pursue a drastic reduction in dependency poverty as most of the out-of-school youths, who still rely on stipends from parents, are empowered to become self-reliant.

“The programme is being implemented in all the states of the federation and FCT, where 5,365 entrepreneurs will be impacted with entrepreneurship, vocational skills and empowerment materials at the rate of 145 entrepreneurs per state and Abuja. We have visited other geopolitical zones in the country. Today, the programme is commencing simultaneously in all the states of the South-East, including Ebonyi, where 725 entrepreneurs will be impacted. We appreciate the support of the Ebonyi Government to MSMEs and the agency in the state,” Radda said. Gov. David Umahi of Ebonyi commended the NBSDI in the state and described it as a welcome development. Umahi, represented by Ebonyi Commissioner for Commence and Industry, Dr Stephen Odo, urged the participants to be focused and ensure that they made most use of the programme. Mr Emmanuel Idam, a participant told the News Agency of Nigeria (NAN) that he was happy to be part of the training and pledged to establish his own business after the exercise. “Some of the skills in the programme are tiling, shoe making, hair dressing, fashion designing, amongst others. I am here to be trained on tiling,” Idam said.