SMEDAN as a coordinating and facilitating Agency has the following major goals and programmes.
i. Source, process and disseminate business information
Create and regularly update data bank on MSMEs, raw materials, markets, available local technologies/machinery and prototypes.
ii. Policy development
- Formulate and ensure due approval and implementation of an MSME policy for Nigeria.
- Conduct impact assessment studies and use same to recommend improvements in policy intervetion.
- Conduct regular stakeholders' fora
iii. Establish Business Support Centres (BSCs) to provide the following services:
- Model business planning skills
- Mentoring Professional service such as Accounting, Financing and Book keeping
- Industrial Dynamics and Technology Assessment
- Legal and taxation advisory services
- Demonstration models to provide sector service providers
General business consultation
iv. Capacity building and promotional services
- Vertical linkages of MSMEs with large enterprises
- Organization of MSMEs into clusters and co-operatives to enhance their productivity and have easier access to factors of production, including finance
- Arrangement/facilitation of trade and technological exposition
- Provision of market support information system through the Agency's website
- Encouragement and facilitation of new investments in designated priority areas in each State of the federation.
v. Establishment of industrial parks
- SMEDAN, through public private sector partnership, is facilitating the establishment of Industrial Parks and Regional SME Development Centres.
- Each park comes with industrial buildings, and offers MSMEs the following facilities on a cost-sharing basis.
- Security, Electricity, Water, Buying centers, Service providers, Petrol station and Capital intensive technologies.
vi. Enhance MSMEs access to finance
- Liaise with financial institutions to harness and pool resources for utilization by MSMEs.
- Develop and implement a strategy for the effective and timely disbursement of SMIEIS fund
- Attract foreign investment and funds for the development of the MSMEs Sub-sector.
- Constantly liaise with other institutions for the establishment and operation of an MSME Credit Guarantee Scheme.
- Networking; SMEDAN is partnering with Trade Groups, NGOs, Government Ministries and Agencies, Research and Technological institutions and Multilateral/Donor Agencies etc to create a dynamic network of stakeholders int he development of MSMEs sub-sector of the economy
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