SMEs: Bangladesh seeks SMEDAN partnership to grow economy, promote Entrepreneurs

SMEDAN upskills, empowers 90 Entrepreneurs in bid to grow ICT Sector
(L-R), SMEDAN Logo, SMEDAN DG - Olawale Fasanya (Photo Credit: People Gazette)

Mr Masudur Rahman, the Bangladesh High Commissioner to Nigeria, has solicited the collaboration of the Small and Medium Enterprise Development Agency of Nigeria (SMEDAN) to explore opportunities in the nation’s various sectors.

Rahman made this statement on Monday in Abuja while paying a visit to Mr. Olawale Fasanya, the Director-General of SMEDAN.

He claimed that the partnership will contribute in the expansion of the economy of both nations. Rahman said that Bangladesh and Nigeria may work together in the fields of textile, pharmaceuticals, energy, and information and communication technology (ICT).

He claimed that Bangladesh had a competitive advantage in the majority of the industries, whereas Nigerian businessmen might learn from the experiences of their countrymen. Rahman claimed that the collaboration will increase both nations’ intra-trade volumes adding that his country has experienced progress in micro-economic growth.

”Nigeria will be holding an SME multilateral platform event in October.

“We look forward to enhancing the intra-trade between the countries because there will be huge opportunities from the event.

”As a diplomat, bureaucrat, I am convinced that entrepreneurs will find their way out to do meaningful businesses that can help the two economies and bring about growth,” Rahman said.

Fasanya responded by comparing the economies of Nigeria and Bangladesh.

According to the Director-General, local SMEs may learn a lot from their counterparts in Bangladesh.

He said that the nation would host a SME summit in October to encourage idea sharing.

Fasanya asserted that both nations may work together to discover ways to benefit micro, small, and medium-sized businesses in numerous fields (MSMEs).

According to the Director General, the proposed SME center would aid in coordinating initiatives for the interchange of thoughts, cutting-edge technology, and markets.

”We have a lot to learn from you because you have been able to develop faster and in terms of economic variables in Bangladesh.

”We will look at all areas that we can collaborate,” he said.



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