• News
  • Business
  • Opportunities
  • Articles & Resources
  • Spotlight
  • Views
    • Interviews
    • Opinions
  • MSME Jobs
  • More
    • Africa
    • World
  • webmail
  • Terms of Use
MSME Africa
  • News
  • Business
  • Opportunities
  • Articles & Resources
  • Spotlight
  • Views
    • Interviews
    • Opinions
  • MSME Jobs
  • More
    • Africa
    • World
  • webmail
  • Terms of Use
No Result
View All Result
  • News
  • Business
  • Opportunities
  • Articles & Resources
  • Spotlight
  • Views
    • Interviews
    • Opinions
  • MSME Jobs
  • More
    • Africa
    • World
  • webmail
  • Terms of Use
No Result
View All Result
MSME Africa
No Result
View All Result

SMEDAN launches Select 2022 Initiative to expand MSMEs’ market access

Victor Odeyemi by Victor Odeyemi
December 9, 2022
in Business, News, Trade
0
SMEDAN launches Select 2022 Initiative for MSMEs

SMEDAN launches Select 2022 Initiative (Source: Business Day NG)

Share

The Small and Medium Enterprise Development Agency of Nigeria (SMEDAN) has launched the SMEDAN Select 2022 initiative in a bid to provide larger markets for the products of micro, small and medium-sized enterprises (MSMEs) in the country.

The SMEDAN Select 2022 initiative has created a global market access platform for products of Nigerian origin produced by micro, small and medium enterprises (MSMEs).

The Director General, SMEDAN, Olawale Fasanya, speaking at the launch of the initiative in Lagos said the move was to showcase the peculiarity of Made-in-Nigeria products in the nation.

He said: “It is in the bid to further support MSMEs the agency developed the SMEDAN Select programme.

“The initiative is geared towards creating a new SMEDAN brand from standard products from among the best of Made-in-Nigeria products in the food, fashion, beauty and agro/agro-allied sectors,” Fasanya who was represented by Mazi Ewas, director of EDandP at SMEDAN said.

Approximately 300 products, he claimed, had been sought for and chosen nationwide by the agency for exhibition and promotion on its website and social media pages.

The director-general said that the businesses’ hardcopy catalogs will be delivered to embassies, other MDAs, and department stores throughout key cities in Nigeria to increase the patronage of the various products.

He claims that the program’s emphasis is on MSMEs whose products are already recipients of the organization’s One Local Government, One Product (OLOP) programs.

“This ambitious effort of the agency is based on the successful implementation of the pilot phase of the OLOP programme in Katsina, Kaduna, FCT, Osun and Anambra States,” he said.

“The intervention activities under OLOP, among others, include access to workspace, equipment support, access to working capital, and capacity building.”

He added that the objectives of the initiative are to increase access to local, regional and global markets for MSMEs, support market expansion for them, create brand names for made-in-Nigeria products, and drive awareness of standard made-in-Nigeria products.

According to Aisha Abubakar, Minister of State for the Federal Ministry of Industry, Trade, and Investment, who also spoke in the event, expressed that poor market access is a significant issue for small businesses in the nation.

According to Abubakar, who was represented by Adewale Bakare, director of the industrial corporation at the Ministry of Industry, Trade, and Investment, barriers to entry, which are obstacles that make it difficult to enter a particular market, are a major hindrance to market access. He also added that it is worse if the intended market is regulated.

She thanked SMEDAN for helping MSMEs solve the problem and said that the government will work with the organization to provide whatever necessary support to make sure the effort was successful.

Post Views: 9
Share

Related Posts:

  • MSME Africa Unveils Top 50 Remarkable MSME Founders 2023, Awards them $25,000 in Media Credits
    MSME Africa Unveils Top 50 Remarkable MSME Founders…
  • Best Cities to live as an Entrepreneur in Nigeria
    Ultimate 2024 Guide to the Top Business Enabling…
  • Africa must prepare for the inevitability of a global food crisis - Akinwumi Adesina
    Overcoming Binding Constraints to Competitive…
  • Nigerian Government Agencies that Support Entrepreneurship
    Nigerian Government Agencies that Support…
  • 20220602_175326-768×512
    SMEDAN: We want to transform MSMEs into…
  • 15611
    International Breweries’ Kickstart Initiative Awards…
Tags: MSMEs in NigeriaSMEDANSMEDAN Select 2022 Initiative
Previous Post

Call for Applications: UNDP, FCMB AgroHack Challenge for Agritech Startups & Entrepreneurs (receive $USD30,000 equity-free funding, incubation support and other benefits)

Next Post

BII, African Guarantee Fund sign $75 million to fund African SMEs

Next Post
BII, African Guarantee Fund sign $75 million to fund African SMEs

BII, African Guarantee Fund sign $75 million to fund African SMEs

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

No Result
View All Result
Join MSME on Whatsapp
Subscribe To Our Newsletter
Enter your email to receive a weekly round-up of our best posts. Learn more!
icon
By subscribing, you agree with our privacy policy and our terms of service.

Recent Posts

  • United Nations ILO Paid Internships Exclusively for Persons with Disabilities ( Monthly Stipends Available)
  • Call For Applications: World Food Forum (WFF) Startup Innovation Awards 2025 for Innovators and Entrepreneurs ( Up to USD 80 000 Prize)
  • Call For Applications: Together Women Rise Featured Grants Program: Empowering Women and Girls ( Up to $35,000 – $50,000 Grants)
  • Dangote Unveils N15 Billion Development Plan for , Offers Jobs to Top Graduates
  • NIMC Hikes NIN Service Fees by Up to 75%, Correction of DOB is now N28,574

Recent Comments

  • 10 Reasons Why SMEs Should Invest in Video Marketing - MSME Africa on How to Create Viral Videos for Social Media in 2024
  • link alay4d on 5 Nigerian-based Companies Providing Accelerator Programs for Startups in 2024
  • Damilare Oladeji on Nigerian Government Agencies that Support Entrepreneurship in 2024
  • situs alay4d on 50 Best Tools to Boost Your Productivity as an Entrepreneur in 2024
  • Otabor Osayomore Blessing on Ultimate 2024 Guide to the Top Business Enabling Cities for Startup Founders and Entrepreneurs in Nigeria
  • About us
  • Advertise with us
  • Contact Us
  • Home
  • News
  • Newsletter
  • Submit News
  • Terms of Use

© 2023 MSME Africa - All rights reserved.

No Result
View All Result
  • About us
  • Advertise with us
  • Contact Us
  • Home
  • News
  • Newsletter
  • Submit News
  • Terms of Use

© 2023 MSME Africa - All rights reserved.