Small and Medium Enterprises Development Agency of Nigeria (SMEDAN)

The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) was established by the SMEDAN Act of 2003 to promote the development of the MSME sector of the Nigeria Economy. 

The Agency positions itself as a One-Stop-Shop for MSME Development. Micro Enterprises are included in the clientele of the Agency since they form the bedrock for SME’s.

Our Vision

To establish a structured and efficient micro, small and medium enterprises sector that will enhance sustainable economic development of Nigeria

Our Mission

To facilitate the access of micro, small and medium entrepreneurs and investors to all resources required for their development. Justification for our existence. Poverty, due to lack of access to income earning opportunities and lack of capacity to take advantage of the opportunities, is a social malaise that is threatening global prosperity in general and national economic growth and development in particular; a well-developed MSMEs sector has proven to be one of the most veritable channels to combat poverty. The establishment of SMEDAN is therefore justified by the need to trigger the development of Nigeria's MSMEs in a structured and efficient manner.

MANDATE

The mandate of Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) as contained in the enabling Act can be summarized as follows: Stimulating, monitoring and coordinating the development of the MSMEs sub-sector;
Initiating and articulating policy ideas for small and medium enterprises growth and development;

Promoting and facilitating development programmes, instruments and support services to accelerate the development and modernization of MSME operations.

GUIDING PRINCIPLES

Outreach: We like to reach as many MSMEs as are crucial and imperative to achieve the goal of an MSME led economic growth, industrialization and job creation.

Sustainability: We deliberately create exit strategies, whenever necessary to avoid over-dependence on subsidy

Impact: We are committed to delivering measurable results.

Efficiency: We cherish quality service delivery by our Agency on one hand, and the MSMEs on the other, in the most cost-efficient manner.

Charles Odii

DG/C.E.O SMEDAN

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