African Partners Directory

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Thematics

Small and Medium Enterprise Development Agency of Nigeria (SMEDAN)

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OVERVIEW

The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) was established by the SMEDAN Act of 2003 to coordinate, promote and facilitate the development of the micro, small and medium enterprises (MSMEs) in Nigeria. The agency facilitates the access of micro, small and medium entrepreneurs and investors to all resources required for their development. The establishment of SMEDAN was justified by the need to support the development of Nigeria’s MSMEs in a structured and efficient manner.

OBJECTIVES

SMEDAN aims to establish a structured and efficient micro, small and medium enterprises sector that will enhance sustainable economic development of Nigeria.

SMEDAN’s objectives are the following:

  • Stimulating, monitoring and coordinating the development of the MSME 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
  • Linking MSMEs to internal and external sources of finance, appropriate technology, technical skills as well as to large enterprises
  • Promoting and providing access to industrial infrastructure such as incubators and industrial parks
  • Intermediating between MSMEs and Government [SMEDAN is the voice of the MSMEs]
  • Working with other public and private sector institutions to create an enabling environment for business in general, and MSMEs