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SMEDAN to partner BMOs on MSMEs coordination

By Francis Akinnodi

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Small and Medium Enterprises Development Agency (SMEDAN) has promised to partner with Business Membership Organisations (BMOs) for effective coordination of the activities of Micro, Small and Medium Enterprises (MSMEs) in Nigeria.
Ondo State SMEDAN’s Coordinator, Biodun Ayedun, made this known while speaking on the theme: “MSME Support Organisations Synergise Towards Effective Coordination of MSME Activities in Nigeria”, held at the weekend in Akure.
According to him, the continuous partnership with stakeholders would ensure a seamless development of the MSME sub-sector in Nigeria, adding that it would also provide a veritable platform for exchange of ideas, knowledge and experience as well as dissemination of new research findings.
“SMEDAN is desirous of entering into a new strategic partnership with the MSME support organisations and BMOs in both the private and public sectors to enhance the operational efficiency of MSMEs across the country.
“With this partnership, SMEDAN would work synergistically with these organisations to reposition the MSMEs for national, continental and global competitiveness, especially with the take-off of the Africa Continental Free Trade Area Agreement.
“The overall output of this renewed partnership would be geared towards meeting the yearnings of the MSMEs in Ondo State and across Nigeria. This is a partnership that we are very eager to bring to fruition,” he said.
Ayedun said that the Micro, Small and Medium Enterprises sub-sector was considered the engine room of socio-economic transformation globally.
“The sub-sector can generate more jobs than any other, create wealth and reduce the prevalence of poverty and youth restiveness, if properly harnessed and coordinated.
“It would stimulate and trigger widespread economic growth and development, improve per capital income and step up capacity utilisation in key industries.
“As part of our mandate, SMEDAN has developed many programmes to ease access to basic needs of MSMEs in Nigeria,” he said.
He added that the move was with a view to repositioning the sub-sector to thrive despite the economic recession and post- COVID-19 pandemic challenges.
According to him, we would continue to discuss the challenges confronting MSME development in Nigeria and find ways of leveraging public-private partnership for synergy towards its development.
He also said that it would endeavour to chart a new working relationship between the MSME support organisations and BMOs of both the federal and state governments.

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SMEDAN to partner BMOs on MSMEs coordination

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