• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Friday, July 18, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

FEC approves renewal of national policy on MSMEs

MSMEs

The Matters Press by The Matters Press
February 8, 2022
Reading Time: 2 mins read
0
Nigeria disburses N56bn to MSMEs

The Federal Executive Council (FEC) of Nigeria has approved the renewal of the national policy for Micro, Small and Medium Enterprise (MSME).

RELATED POSTS

Befitting honour for former President Buhari commendable – TMSG

17-member committee for burial of Buhari

Lagos falls flat to APC

Dr Dikko Radda, Director-General, Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), has reported.

Radda made the disclosure during the Maiden Annual Conference of Business Development Service Provider (BDSP) in Nigeria with the theme : “BDSPs and Their Role in Growing the MSMEs” on Monday in Lagos.

He said that the approval was done after stakeholders’ validation exercises which happened across the six goe-political zones of the country.

Radda said that the implementation of the policy had commenced in earnest under the the leadership of the National Council of MSME headed by Vice- President, Prof. Yemi Osinbajo.

He said that a robust coordination mechanism was in place, under a Public Private Dialogue (PPD) system, in partnership with various stakeholders.

The SMEDAN DG added that the implementation of the BDSPs certification and accreditation framework was a right step towards building the critical mass of BDSPs who would now attend to millions of MSME sub-sectors.

“At the state level, the state council on MSME will support the national council to ensure that the benefits of the implementation will reach the grassroots.

” I also want to use this medium to appeal to state governments that have not established their councils on MSMEs to do so in partnership with the Agency.

“The major aim of the conference framework is to set the standard for Business Development Service Interventions by providing the mark of quality for delivery of Business Development Service (BDS) to MSMEs in Nigeria,” he said.

The Chief Executive Officer (CEO), WVL Development Advisers Ltd., Dr Waheed Olagunju, said that a total of 110 BDSPs had been accredited under the first phase of SMEDAN programme.

He stated that the number would be scaled up in the next three months.
Olagunju said the conference being a maiden edition was a learning process and added that the feedback would serve as an impute to the subsequent rounds.

He said that there was need for competent and efficient BDSPs to scale up and grow the MSMEs in the country.

The Director, Enterprise Development Centre, Pan Atlantic University, Mr Peter Bankole, said that after the training their was a standard council, saddled with providing a satisfactory system.

“After the whole process, it would be irrelevant to request for school qualifications and tribes as the same standard would be applied across the country due to the measures put in place,” he said.

The Director, Enterprise Development Centre, Pan Atlantic University, Mrs Nneka Orekearu, said the training was necessary following complaints by entrepreneurs to shore up their services.

Orekearu said that there was need for BDSPs to be standardised in their operations to enable them tackle the challenge encountered in the operations.

Tags: MSMEs
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Befitting honour for former President Buhari commendable – TMSG
Economy/Technology

Befitting honour for former President Buhari commendable – TMSG

July 17, 2025
Buhari attends inauguration of Barrow of Gambia
Entertainment/sports

17-member committee for burial of Buhari

July 14, 2025
Lagos falls flat to APC
Economy/Technology

Lagos falls flat to APC

July 13, 2025
African intellectuals release letter to world, caution continent on selfness
Economy/Technology

Nigeria celebrates Soyinka at 91

July 13, 2025
China introduces new visa
Economy/Technology

Nigeria maintains issuance of 5-year visa to Americans

July 13, 2025
ADC, AN ASSEMBLAGE OF STRANGE BED FELLOWS, TIRED POLITICIANS– GROUP
Energy

ADC, AN ASSEMBLAGE OF STRANGE BED FELLOWS, TIRED POLITICIANS– GROUP

July 10, 2025
Next Post
Trading in Nigerian stock market dips further N83bn

NGX opens week bearish on MTNN loss

GTCO acquires 100% stake in wealth management coy

GTCO acquires 100% stake in wealth management coy

Recommended Stories

SIFAX spends N250m on Corporate social responsibility

SIFAX logistics acquires 13 new trucks to boost capacity

August 20, 2023
Stakeholders brainstorm on Nigeria’s energy transition plan

$5b Africa Energy Bank takes off in January 2025

November 2, 2024
Nigeria, WFP worry over food situation

FAO, Word Bank, call for urgent action to address global food crisis

September 22, 2022

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Befitting honour for former President Buhari commendable – TMSG
  • 17-member committee for burial of Buhari
  • Lagos falls flat to APC

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us