ADVERTISEMENT

SMEDAN, NEXIM Bank sign MoU to ease export for SMEs

DG SMEDAN, DR.Dikko Umaru Radda (left) exchanges document with the Managing Director of NEXIM Bank, Mallam Abba Bello, after they both signed a Memorandum of Understanding in Katsina recently.
DG SMEDAN, DR.Dikko Umaru Radda (left) exchanges document with the Managing Director of NEXIM Bank, Mallam Abba Bello, after they both signed a Memorandum of Understanding in Katsina recently.

The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has signed a Memorandum of Understanding, (MoU) with the Nigeria Export and Import Bank (NEXIM) to enable MSMEs benefit from the African Growth and Opportunity Act (AGOA).

The signing ceremony took place on the sidelines of the Exporter Enlightenment Forum for North West Zone held in Katsina State on Monday, a statement said yesterday.

ADVERTISEMENT

The MoU would see SMEDAN providing entrepreneurship trainings and capacity building for exporters while NEXIM would provide the funding.

ADVERTISEMENT

In the statement, the Director General of SMEDAN Dr. Dikko Umaru Radda, said the signing of the MoU was a demonstration of the agency’s desire to promote synergy among agencies of government and expressed hope that the MOU would be beneficial to MSMEs considering the fact that the present administration is focusing on non-oil export which will soon drive the economy of the country.

In a paper titled ‘Repositioning MSMEs for Sustainable Growth in Non-oil Exports’, Dr. Radda stated that Nigeria’s economy was quite diverse prior to the discovery of oil but that presently the nation depends on earnings from crude and gas exports.

He stated that the National Bureau for Statistics 2013 survey reports have revealed that only 1-12 per cent of over 37 million MSMEs are involved in some form of exports.

Dr. Radda said there was an urgent need for synergy and collaboration among enabling ministries, departments and agencies to promote and develop MSMEs in the country.

 

Dear Esteemed reader,

As part of our drive to keep improving the content of our newspaper, we are conducting a readership survey to enable us serve you better.

Kindly take two minutes of your time to fill in this questionnaire.

Thank you for your time. Click here to begin

Download Daily Trust News App

Get it on Google Play
Share this article

Dear Esteemed reader,

As part of our drive to keep improving the content of our newspaper, we are conducting a readership survey to enable us serve you better

Kindly take two minutes of your time to fill in this questionnaire.

Thank you for your time.

Join us on


Share your story with us: 08189301900 (Whatsapp and SMS only) Email: dtonline@dailytrust.com

Complain about a story or Report an error and/or correction: +2348189301900

DISCLAIMER: Comments on this thread are that of the maker and they do not necessarily reflect the organizations stand or views on issues.