The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) was established by the SMEDAN Act of 2003 of the Federal Republic on Nigeria to promote the development of the MSME sector of the Nigeria Economy. The Agency positions itself as a One Stop Shop for MSME Development. Micro Enterprises are included in the clientele of the Agency since they form the bedrock for SME’s.
SMEDAN Primary obligation is to establish a structured and efficient micro, small and medium enterprises sector that will enhance sustainable economic development of Nigeria .
SMEDAN also facilitates the access of micro, small and medium entrepreneurs and investors to all resources required for their development. Justification for our existence. Poverty, due to lack of access to income earning opportunities and lack of capacity to take advantage of the opportunities, is a social malaise that is threatening global prosperity in general and national economic growth and development in particular. a well developed MSMEs sector has proven to be one of the most veritable channels to combat poverty. The establishment of SMEDAN is therefore justified by the need to trigger the development of Nigeria’s MSMEs in a structured and efficient manner.
