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Small and Medium Enterprises Development Agency of Nigeria

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Small and Medium Enterprise Development Agency of Nigeria (SMEDAN) is a Nigerian agency that works towards assisting small and medium scale enterprises to overcome poor infrastructure in the management of business operations and accessing financial services.[1] The former director general of the agency, Umar Dikko Radda, left in April 2022 to pursue a political career. He was replaced by Charles Odii.[2][3]

Activities

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On February 9, 2013, SMEDAN signed a memorandum of understanding (MoU) with the Ministry of Industry of Indonesia's Directorate-General of Small and Medium Industries. The MoU is for cooperation in enterprises development between the two countries and inviting Indonesian investors to Nigeria.[4]

In October 2022, the agency organized a packaging and branding programme for small and medium enterprises (SMEs) products with the main objective of exposing them to possibilities within the African Continental Free Trade Area.[5] In April 2023, in collaboration with Niger State, SMEDAN organized a cluster empowerment programme in Minna for businesses involved in the production and marketing of shea butter.[citation needed] The organization has partnered with Bloc, a company that provides tools and software for financial services management targeted at the small and medium sized enterprises for internal processes and for serving their clients.[6]

See also

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References

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  1. ↑ Ogwo, Charles (2022-05-18). "SMEDAN committed to funding genuine SMEs - Wale Fasanya". BusinessDay. Lagos, Nigeria. Retrieved 2023-05-16.
  2. ↑ Nda-Isaiah, Jonathan (2022-06-04). "Ex-SMEDAN Boss, Radda Hands Over To New Acting DG". Leadership. Retrieved 2023-05-16.
  3. ↑ "Buhari Appoints Fasanya as New SMEDAN Director General". This Day. Retrieved 2023-05-16.
  4. ↑ "Nigeria wants Indonesia to invest". Investvine.com. 2013-02-15. Retrieved 2013-04-03.
  5. ↑ "SMEDAN: MSMEs must embrace innovation to sustain global relevance". TheCable. 2022-10-06. Retrieved 2023-05-16.
  6. ↑ "SMEDAN Partners Bloc to Empower MSMEs". This Day. Retrieved 2023-05-16.
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