Through focused programs, the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has established a dedicated desk to empower women and youth.
A dedicated desk has been established by the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) to empower women and youth via the execution of inclusive measures and focused programs that will accelerate the growth of the MSME sub-sector.
The Director General/CEO of SMEDAN, Mr. Charles Odii, and the Minister of Women Affairs, Barr. Uju Kennedy-Ohanenye unveiled the dedicated desk at the agency’s headquarters in Abuja on Friday.
During his speech, Odii underlined the multiplier effect of investing in women and reiterated SMEDAN’s dedication to women’s empowerment via a range of programs.
According to him, the programs aimed to improve the quality and competitiveness of manufacturing by expanding the access of women to markets, finance, tools, and training.
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“We decided to focus on women based on data,” he stated. We view them as essential catalysts for our goal of fostering prosperity. They make up the bulk of SME owners in the nation and are investment multipliers. Women who receive grants benefit economically and have higher living standards, which changes communities and elevates homes.
“The newly established desk will oversee efforts to guarantee proportionate inclusion in all SMEDAN programs, offer customized training, and democratize women’s access to finance.”
Selected female- and youth-led SMEs displayed their goods during the event, and they conversed with Odii and the minister on matters impacting their expansion, including taxes, regulations, and operating expenses, especially energy.
In response, the DG of SMEDAN announced plans to cooperate with pertinent organizations like the CAC, NAFDAC, and REA to improve regulatory frameworks for company expansion and create a welcoming business environment.
Kennedy-Ohanenye praised SMEDAN for placing a high priority on women and stated that her ministry is prepared to work with other organizations to support the interests of female small-business owners to realize President Bola Ahmed Tinubu’s renewed hope agenda, which aims to eradicate poverty and foster inclusive growth.
She committed to working with SMEDAN to provide female business owners with cutting-edge resources in a range of industries so they could boost productivity and turn a profit.
After the desk reveal, the minister looked around SMEDAN’s shared facilities center, which is furnished with commercial sewing machines and other tailoring supplies that local women can use.
As SMEDAN begins to renovate Industrial Development Centers and hubs in key areas around Nigeria, women in other regions of the nation should anticipate comparable advantages.