Edo State rolls out Entrepreneurship Roadmap 2.0, targets increase in MSMEs’ Revenue

Managing Director, EdoJobs, Mrs. Ukinebo Dare

The Edo State Government has unveiled the State Skills Development Agency (EdoJobs) Entrepreneurship Roadmap 2.0 targeted at assisting 500 Micro, Small and Medium Enterprises (MSME) communities to expand their revenue to N10 million annually in 2025.

The Managing Director, Mrs. Ukinebo Dare, said this at the unveiling of EdoJobs Entrepreneurship Roadmap 2.0, at the Government House, in Benin City.

She said the roadmap aligns with the vision of the Edo State Government to build a Micro, Small and Medium Enterprises (MSME) community, delivering services to 20,000 active members out of which 500 have become formalized and will grow their revenue to #10million annually by 2025.

According to her, “the EdoJobs Business Success Scorecard provides upwardly mobile businesses with a roadmap to business success and is hinged on ten key milestones: Business formalization, sales and marketing competence, capacity for financial management, trade organization/association membership, human resource management, continuous capacity building, high technology adoption, product development and diversification, mentorship and networking as well as external funding.”

She added, “Each milestone is worth 50 points and any entrepreneur who reaches a score of 500 is fit to join the exclusive EdoFuture500 Business Community, a feat only those who are determined and disciplined can achieve.”

Head, Entrepreneurship, EdoJobs, Segun Majekodunmi, stated the state government is investing in the programme to transform SMEs, sole proprietorship businesses into employers of labour.

The Chairman, Edo State Government MSME Advisory Board, Mr. Peters Obaseki urged business owners to adhere to the standards to be recognized as entrepreneurs in the state in order to take advantage of the advantages granted to recognized entrepreneurs by the Edo State Government and local and foreign investors.

“With this, entrepreneurs in the state can grow their revenues and improve the sustainability of their businesses through a target-driven scorecard – the EdoJobs Business Scorecard,” he added.


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