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Collaboration With Smedan ‘ll Raise Bar In Msmes Development —radda

Nigeria Student Forum / General Discussion / Collaboration With Smedan ‘ll Raise Bar In Msmes Development —radda

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Sani Ibrahim
Abubakar Tafawa Balewa,University
Agricultural economics and extension
100Level, Nigeria.
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The Director General of Small and Medium Enterprises Develo
[pment Agency of Nigeria (SMEDAN), Dr. Dikko Umaru Radda,
has assured that the agency was ever ready to assist states in
MSMEs development.
He said a major ingredient for development of the sector is
collaboration among relevant stakeholders, including the
government, policy makers and operators in the subsector.
According to him, MSMEs have largely performed below
expectation as a result of poor access to finance, inadequate
managerial skills, poor accounting practice, poor
infrastructure, marketing problems, among others and as such,
need to be positioned for growth through regular provision of
support services such as training and skills acquisition.
Radda was speaking when received in audience, a delegation
from Zamfara State led by the commissioner of finance, Rabiu
Garba at the agency’s headquarters yesterday in Abuja.
The delegation had requested collaboration with SMEDAN in
the areas of agriculture, livestock, mining and textile.
The commissioner of finance told the DG that within the last
eight years, Zamfara has been volatile because of the
activities of bandits but as the situation has been brought
under control , it was time the state looked inwards to develop
its MSMEs and revive industries that had hitherto gone under
“We want to know where opportunities exist to develop our
own state Zamfara can partner with SMEDAN in the areas of
small-scale businesses. Already in the area of agriculture , we
have developed three RUGA settlements and we have
earmarked the settlement for the three senatorial zone.In the
areas of textile, we have more than 20 tanneries but they are
moribund, only about three are functional and we want the
others revived and operational,” he said.
In his response, the DG assured the delegation of SMEDAN’s
total support, adding that now was the right time for the state
to strengthen its collaboration with the agency and key into its
extensive programmes.
Specifically, he said the state would need to key into the
agency’s One Local Government One Product (OLOP) and the
Conditional Grant Scheme (CGS) initiatives of the agency.
Commenting on the CGS , Radda noted that it would graduate
informal enterprises to the formal sector and create the
platform for sustainable economic growth and development in
Nigeria. He also said it would promote the activities of micro
enterprises across the country in the areas of capacity building
and the delivery of post-intervention support services such as
access to finance.
The SMEDAN D-G further disclosed that the eligibility of the
prospective beneficiaries of the scheme is based on business
registration or willingness to register their enterprises, the
need for additional investment, lack of access to formal
financial services, proof of address in the LGA/personal
identification and above all the enterprises must have
progressive economic potentials.
“The conditions are that you register your business with CAC,
not even with your money because SMEDAN will do that for
you. Then open bank account for the beneficiary because we
do not disburse cash, and it will get them familiar with the
bank processes.
“SMEDAN will be working in partnership with other
stakeholders in achieving the objectives of the programme.
They are banks, Federal Inland Revenue Service (FIRS),
Business Development Service Providers (BDSPs), states and
local governments, insurance companies and the Corporate
Affairs Commission (CAC),” he explained.
Other initiatives of the agency which he said the state could
tap into include the National School Entrepreneurship
Programme , Agriculture Entrepreneurship Development
Scheme among others.

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