Over 59m Nigerians work in MSMEs sector — SMEDAN

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By Yinka Kolawole

The Micro, Small and Medium Enterprises (MSMEs) sector offers more than 59 million jobs in Nigeria, the Small and Medium Enterprises Development Agency (SMEDAN) has said.

SMEDAN e1555538124289 Over 59m Nigerians work in MSMEs sector — SMEDAN

Deputy Director, Enterprise Development and Promotion, SMEDAN, Ibrahim Abdumalik, disclosed this at a capacity building workshop for young business owners, organised by SMEDAN in Yenegoa, Bayelsa State.

According to him, there are over 37 million MSMEs in Nigeria offering over 59 million jobs. He noted, regrettably, that the global recession had adversely affected so many enterprises with MSMEs as the worst affected, adding however that the challenges posed by the recession should serve as a catalyst for innovative enterprises.

Abdumalik who represented the Director-General, Diko Radda, at the event, said the training was designed to curtail the mortality of small businesses in Nigeria.

He stated: “MSMEs are for sure the most viable instruments for diversifying our economy and tapping into…



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