96% of SMEs are micro - SMEDAN

The Director-General of the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), Dr. Dikko Umaru Radda, said 96 percent of MSMEs in the country are micro and the agency is doing all it can to formalise them to access funds.

He made this known while receiving the Plateau State governor, Rt. Hon Simon Lalong, in his office recently.

Radda said SMEDAN is well positioned to assist state governments in developing and promoting Micro Small and Medium Enterprises (MSMEs) considering the strategic importance of the sector to create wealth and alleviate poverty.

Dr Radda noted that the agency was being repositioned to meet the challenges of the present times, adding that the visit of the Plateau State chief executive to the agency was not only apt but encouraging.

He said SMEDAN would assist the state in key areas of business development services and entrepreneurship training.

Governor Lalong said SMEDAN was key to actualising one of his agenda for youth and women in the state, hence the establishment of the state MSME agency.

He said he was at the agency to introduce the head of the newly formed Plateau State Small and Medium Enterprises Development Agency, Mr Haggai Gutap, to the director general so that both agencies could synergise on how to develop MSMEs in the state.