The Director General of the Small and Medium Enterprises Development Agency of Nigeria, SMEDAN Dr Dikko Umaru Radda has said The fashion industry in Nigeria is one of the key sectors that will play a key role in the resurgence of the economy given its current performance results. He made this assertion at the National Policy Dialogue on the Fashion Industry held recently in Abuja. He noted that government and the private sector must form synergy that would help create a conducive operating environment that enhances the capacity of practitioners to unlock the benefits that are currently woven into the fabrics of the industry.Add a comment
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The Chairman, Governing Board, Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), Femi Pedro said efforts are ongoing towards a possible collaboration and synergy with Guangdong SMEs in China, in the area of technology transfer to small enterprises in Nigeria. He said the initiative was being canvassed through the Africa-Guangdong Business Association (AGBA) window for the promotion of MSMEs in the country. Pedro, spoke when he led management of SMEDAN to participate at the just concluded 15th edition of the China International Small and Medium Enterprises Fair (CISMEF), 2018 (CISMEF) with 21 Nigerian SMEs in attendance.
18 cooperatives societies across six states in the federation have gotten four Million naira loan each to boost their businesses. This disbursement is under the One Local Government, One Product (OLOP) initiative of the Small and Medium Enterprises Development Agency of the Nigeria(SMEDAN). At the tripartite Memorandum of Agreement (MOA) signing with Disbursement Managers, Microfinance Banks (MFBs) and the cooperatives In Abuja recently, the Director General of SMEDAN Dr Umaru Dikko Radda, said the loan was interest free. They are to pay back the loan after 18 months after a moratorium of Six months. And they are paying only 70% of what we gave them. 30 % is part of government’s efforts to help the small businesses to develop their businesses to a higher capacity. It is part of the governments Initiative through SMEDAN to provide a relieve of 30% of the loan to the beneficiaries.” Radda said.Add a comment