Agencies that support SME businesses in Nigeria
Entrepreneurship has to do with identifying gaps and business opportunities in one’s immediate environment and bringing together the necessary resources in an innovative way to fill those gaps, bearing the risks involved and in the process gaining personal rewards.
Information is a veritable source of entrepreneurship development, therefore entrepreneurs need to be regularly reminded of the basic functional areas regarding their enterprises so as to be up to date and be efficient and effective managers. Following are some agencies, public and private, that have been set up to enhance the performance of entrepreneurs in Nigeria.
Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) was established to promote the development of micro, small and medium Enterprises (MSMEs) in the country. Its mission is to facilitate the access of micro, small and medium entrepreneurs/investors to all resources required for their development. Its vision is to establish a structured and efficient micro, small and medium enterprises sector that will enhance sustainable development in Nigeria. SMEDAN’s functions include: Stimulating, Monitoring and Coordinating the development of the MSMEs sector; Initiating and articulating policy ideas for micro, small and medium enterprises growth and development; Promoting and facilitating development programmes, instruments and support services to accelerate the development and modernisation of MSME operation; Serving as vanguard for rural industrialisation, poverty reduction and job creation.
Manufacturer Association of Nigeria (MAN) was established as a national industrial association in 1971 to encourage the patronage of Nigerian made products by Nigerians and foreigners; encourage high standard of quality for member’s products through the collation and the provision of advice and; to provide avenue for manufacturers to formulate and influence general policy, in regard to industrial matters.
National Association of Small and Medium Enterprises (NASME) is a private sector organisation, with members drawn from small and medium scale enterprises. It is devoted to networking, capacity building, policy advocacy and promotion of performance of its members firms and operators. It works to improve the welfare of its members and make input in industrial policy. Analysis and publications from NAMSE on business environment, competitive enlightenment and policy making are useful to Nigerian entrepreneurs.
Nigerian Association of Chambers Of Commerce, Industry, Mines and Agriculture (NACCIMA) is a voluntary association of manufacturers, merchants, mines, farmers, financiers, industrialists, trade groups who network together for the principal objectives of promoting, protecting and improving business environment for micro and macro benefits.
Nigerian Export Promotion Council (NEPC) was established in 1976 to minimize the bureaucratic bottlenecks and increase autonomy in dealing with members of the organized private sector. Its goal and mission are to make the non-oil export sector a significant contributor to Nigeria’s GDP and to facilitate opportunities for exporters to promote sustainable economic development.
Raw Materials Research and Development Council (RMRDC) is vested with the mandate to promote the development and utilisation of Nigeria’s industrial raw materials. It is the nation’s focal point for the development and utilisation of the nation’s vast industrial raw materials. The council is also meant to encourage industries to substitute local raw materials for imported ones.
National Poverty Eradication Programme (NAPEP) was established in 2001 by the federal government aimed at ensuring poverty reduction in the country. It coordinates and oversees various other institutions, including ministries, and develops plans and guidelines for them to follow with regards to poverty reduction. The goals of NAPEP include training youths in vocational trades, to support internship, micro-credit, and create employment in the automobile industry.