“Their current role is to enter the market and help small businesses thrive.”
The programme is to enhance the productivity and export potential of beneficiaries in the manufacturing and processing sectors within the state.
The SMEDAN boss also noted that the MSMEs had made an encouraging contribution to the country’s Gross Domestic Product of 46.31 per cent, saying that more needed to be done.
According to the MINILS director-general, the critical component of the ‘Renewed Hope’ agenda of Mr Tinubu is youth employability through skills acquisition.
The agreement is designed to enhance the ability of older persons to engage in business ventures for the purpose of creating jobs.
According to him, MSMEs account for the highest jobs created and poverty alleviation in the country.
At a meeting calling for more fiscal support from the federal government, CISLAC said SMEs in Nigeria remain critical constituents of the country’s economy.
The grant is to empower women by enabling them to participate in the delivery of healthcare services and enjoy its benefits.
SMEDAN says West African countries must create export-ready MSMEs to compete with exports from other countries.
