Friday, October 11, 2024
HomeNews386,000 SMEs ready for funding from NEDEP programme

386,000 SMEs ready for funding from NEDEP programme




 
Over 386,000 Micro, Small and Medium Enterprises (MSMEs) and 7,568 business plans have been made ready for National Enterprise Development Programme (NEDEP) for access to financial assistance under the programme.

The Director-General of Small and Medium Enterprises Development Agency (SMEDAN), Dr Umaru Dikko Radda, at a meeting of NEDEP stakeholders in Abuja, said a total of 386,000 new enterprises have been established under the programme.

 

Dikko also revealed that 7, 568 business plans have been made available with 55,605 cooperative formed and registered under the NEDEP.

Speaking on the challenges facing the programme, Dikko lamented lack of proper synergy among the implementing institutions with the inadequate funding for the programme coupled with stringent conditions for accessing finance by the MSMEs.

 

He further regretted that poor packaging of business plan, lack of effective coordination; low operational capacity of MSMEs and slow buy-in by State governments.




On the deliverables of NEDEP, the he said the programme has been able to institutionalize and restructure the programme; formation and registration of cooperatives; enterprise development, job creation; policy selection, value chain analysis and base line survey. He said the programme has been able to do trainings and capacity building and has also been able to engage business development service providers in each of the geo-political zone.

admin | Abbey Oyetunji
admin | Abbey Oyetunji
Abbey Oyetunji is a Business Growth Strategist. An IT Mogul & Web Developer. Reach via mail: [email protected]
RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments

Ashaolu sunny Joseph on Where to Get Loan For Small Businesses
Lateef Oluwanishola Olabanjo on Best Personal Loans In Nigeria
Lateef Oluwanishola Olabanjo on Best Personal Loans In Nigeria
Oyelaran olanike funmi on Best Personal Loans In Nigeria
Jimoh Isiaka olanrewaju on Where to Get Loan For Small Businesses
Atolagbe sanjo babatude on Where to Get Loan For Small Businesses
admin | Abbey Oyetunji on How To Get The BIG Money Clients
adebayo on Contact us