CAC, SMEDAN partner to boost SME growth, provide 10,000 jobs

Fri, Nov 24, 2023
By editor


THE Corporate Affairs Commission (CAC), says it will partner with the Small and Medium Enterprises Development

Agency of Nigeria (SMEDAN) to boost Small amd Medium Enterprises (SMEs) in the country.

The Registrar-General of CAC, Hussaini  Magaji, said this when SMEDAN’s Director-General, Mr Charles Odii visited him on Friday in Abuja.

Magaji said the organisations were working to create about 10,000 jobs for Nigerian youths.

The CAC registrar-general exoressed the Commission’s readiness to fully partner with SMEDAN to support the growth of small businesses in the country.

He commended Odii, saying his proposals and efforts was laudable and in tandem with President Bola Tinubu’s Renewed Hope Agenda.

Earlier, the SMEDAN boss said that five billion naira loan at single-digit interest had been secured from a Nigerian bank to support SMEs.

Odii requested support and collaboration with the CAC to actualise the project, which he said would be inaugurated in January 2024.

The News Agency of Nigeria (NAN) reports that the SMEDAN boss was accompanied on the visit by Dr Aishatu Kabir of KPMG.

She is expected to facilitate the actualisation of the project.

The project also focuses on increasing manufacturing output and export income, thereby, catalysing SMEs growth.

The SMEDAN and Sterling Bank had on Wednesday signed a Memorandum of Understanding (MoU) to provide N5 billion to support SMEs in the country.(NAN) 


November 24, 2023 @ 20:28 GMT|