The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) is ramping up efforts to help Nigerian SMEs break into the global market by leveraging the National Single Window (NSW) Project. The initiative is designed to eliminate bureaucratic delays, simplify trade compliance, and create a seamless export system that enables small businesses to compete effectively on the international stage.
Announcing its commitment via its official X handle, SMEDAN highlighted the importance of equipping SMEs with the necessary tools to navigate complex trade processes. The agency is focusing on export readiness, trade compliance, and digital trade platforms, ensuring that entrepreneurs can fully leverage the benefits of the NSW Project. With Nigeria losing an estimated N2.5 trillion annually due to inefficient trade procedures, the project presents a significant opportunity to unlock the country’s export potential.
As part of this effort, SMEDAN is rolling out capacity-building programs, hands-on training, and advisory support to help small businesses adopt best practices in international trade. The agency is also working closely with relevant stakeholders to ensure that SMEs have access to the right resources, information, and digital tools that will make cross-border transactions smoother and more efficient.
Beyond improving trade efficiency, the initiative aims to strengthen Nigeria’s position in the global economy by fostering a more export-driven SME sector. Entrepreneurs are encouraged to take full advantage of these programs to scale their businesses, reach international markets, and enhance their global competitiveness.
By integrating SMEs into a more structured and digitally driven trade environment, SMEDAN is laying the foundation for long-term economic growth, job creation, and increased revenue generation in the country’s SME sector.
