The Federal Government has said its aim is to make sure the Micro, Small and Medium Enterprises (MSMEs) sector accounts for 70 per cent of the Gross Domestic Product (GDP) by 2025.
The Director-General, Small and Medium Enterprise Development Agency of Nigeria (SMEDAN), Dikko Radda, disclosed this yesterday, at a stakeholders’ operationalisation of Public-Private Dialogue on the implementation of the new National Policy on MSMEs (2021-2025) in Abuja.
The event was part of the coordination mechanism provided by the Investment Climate Reform (ICR) facility on effective implementation of the policy.
Radda recalled that one of the core challenges the agency took up towards providing an enabling space was producing the first ever National Policy for MSMEs in 2007.
Noting that the newly revised policy was a product of deep and wide consultations across Nigeria, the DG added that the policy largely seeks to ensure MSMEs in the country are active, innovative and globally competitive.
He applauded the ICR facility for putting in place a proper coordination mechanism that would see every stakeholder as champions of MSME development.
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