The director-general of Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) Dr Dikko Umaru Radda has described the Financial System Strategy, FSS2020 project as a catalyst for national development and that its role in strengthening the MSMEs sector will galvanize the nation’s economy.
He made this remark during the visit of the Financial System Strategy FSS2020 Project Team, led by its head Project Management Office, Mohammed Suleyman to the agency’s corporate headquarters in Abuja.
The SMEDAN chief executive assured the FSS2020 Project team of his support in achieving the objectives of the project which is to develop the Nigerian economy and to make it one of the best in the world by year 2020.
He affirmed that the agency will act positively towards realizing the noble innovations and initiatives of the project with a view to making the MSMEs feel the impact.
“I have from your presentation come to the realization that the FSS2020 has a lot to offer, for the development of MSMEs sub-sector in the country, this is a welcome development and I am very impressed with this.”
Dr Radda also reminded the team that, the major driver for economic growth is wealth and job creation, and assured them that SMEDAN aims to create 1.5 million jobs in the next six months which will be a great step in achieving the core mandate of the agency.
Radda further told FSS2020 team that, the major challenges affecting MSMEs sub-sector particularly in Nigeria was lack of synergy between stakeholders and access to finance and restated that the FSS2020 project is a national project whose primary purpose is to develop Nigerian economy and make it one of the best in the world by 2020. “Being an initiative of CBN, it affects every sphere of the nation’s life such as pension and mortgage.”
He therefore commended the FSS2020 Project team for articulating the challenges facing the MSMEs in Nigeria and proffering solutions to them saying what they have done is in tandem with the repositioning strategies of the new leadership of the agency and charged the FSS2020 Project Team to involve the NOA in sensitising Nigerians on critical issues such as patronising ade in Nigeria products.
Source:Leaderahip
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