The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) is set to create more jobs and revenue for Micro, Small, and Medium Enterprises (MSMEs) through its “GROW Nigeria” initiative. According to the Director-General of SMEDAN, Mr. Charles Odii, the agency’s strategy focuses on providing guidance, resources, opportunities, and workforce support to MSMEs.

The GROW initiative aims to equip small businesses with essential tools, funding, technology, and infrastructure necessary for operational efficiency and sustainability. SMEDAN will also provide expert advice, mentorship, and strategic direction to help MSMEs navigate challenges and maximize growth potentials. Additionally, the agency will create platforms and market access opportunities for small businesses to showcase their products and services.

The agency noted it  will offer training and skill development programs and resources to empower entrepreneurs and their teams, fostering productivity and innovation within small businesses. 

According to Odii, the GROW strategy will enable SMEDAN to address some of the identified challenges facing MSMEs, including difficulty in accessing capital, high operating costs, and regulatory burdens.