Fidelity bank card banner Camano banner
SMEDAN commences entrepreneurship training for 104 young business owners in Bayelsa

By News Express on 18/04/2019

Views: 279

Small and Medium Enterprises Development Agency (SMEDAN) on Tuesday said some 104 young business owners are benefiting from its entrepreneurship training scheme in Bayelsa. 

At a capacity building workshop which runs from April 15 to 19, Deputy Director of SMEDAN, Dr Dikko Radda, said there are over 37 million, Micro, Small and Medium Enterprises (MSMEs) offering over 59 million jobs in Nigeria. 

He noted the global recession had adversely affected so many enterprises, the worst being the MSMEs. According to him, the challenge should serve as the catalyst to spur innovative enterprises that will translate into a strong presence not just in our domestic market but also in the international competitive market.

Radda who was represented by Mr Ibrahim Abdumalik, in charge of Enterprises Development and Promotion at SMEDAN said the training aims to curtail the mortality of small businesses. His words: “The MSME is for sure the most viable instrument for diversifying our economy and tapping into the rich but largely dormant resource deposits across the length and breadth of Nigeria.

“The stiff competition in the global markets have tended to further stifle the operations and growth of our domestic MSMEs that can rightly be classified as ‘endangered species’. The fatalistic state of the majority of these enterprises is as a result of either environmental or endogenous constraints.”

“This intervention is essential to reinforce my Agency’s commitment towards ensuring the easing of the harsh operating environment especially for MSMEs,” Radda said. 

Also speaking, Ms Chibuzo Osuoha, a Deputy Director at SMEDAN and a resource person at the training, said the programme is currently ongoing in Bayelsa, Ogun, and Kaduna.

She explained that the training was packaged to address the problems identified by SMEDAN leading to the failure of small businesses to reduce the mortality rate of small businesses. “We have taken time to groom young businesses and we notice some deficiencies and lapses, so we created a curriculum that would enhance their management skills,” Osuoha said. She explained that beneficiaries were selected and put through a sensitisation programme before the five-day training on how to manage small businesses profitably.

Osuoha noted that the 104 beneficiaries who run existing businesses were grouped into two and would be assisted with a grant for operational space for one year. 

Mr Chris James, one of the beneficiaries, applauded SMEDAN for the capacity building and said the training had opened him to new ideas. “The sessions so far are so interesting, and will help us to remain in business profitably, and the nuggets from the resource persons are very useful. I believe it will take care of business failures and make young businesses to thrive,” he said.


Source News Express

Posted 18/04/2019 7:44:04 PM





You may also like...
Osun lawmaker urges youth to engage in nation...

APC thugs on rampage in Edo, Delta

No UI mercenaries sent to rig Osun governorship...

NSE index appreciates further by 0.47 per cent...


Wike’s latest offer on criminals, another smokescreen to...

Fraud Allegation: Oronsaye released, returns to court July...

9th Assembly: North Central dares APC

Malaria: UNICEF to distribute 358,134 nets in Borno...

Buhari talks tough in India, says no going...

Blockade by angry ex-employees threatens production at ExxonMobil...

Suicide bomber kills 4 in Borno mosque, wounds...


Latest News Bandits’ commanders agree to suspend attacks Over 1,000 cult members renounce membership in Ebonyi •Say we’re now ‘born-again’ NDLEA to recruit 5,000 personnel to boost manpower US awards full scholarships to 30 Nigerian students 4 FAAN security chiefs suspended over Lagos airport security breach Herders-farmers’ clashes: Yoruba youths, Miyetti Allah Kauta Hore mull national security summit PDP closes case at Presidential Election Tribunal, calls 62 witnesses Abolish herdsmen movement from North to South, Ganduje tells FG 5 Kirikiri Prison inmates bag University degrees NAPTIN gets new Director-General I don’t have money, please release my mum, Siasia begs kidnappers Protests: FG warns Shi’ites


Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (510,038 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (431,567 views) Shameless Genevieve Nnaji exposes breasts in public (373,533 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (316,768 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (282,514 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (247,219 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (239,313 views) 10 cars more expensive than Jets (223,831 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (221,254 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (208,811 views) Lagos plane crash: Journalist releases victims’ names (188,396 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (186,999 views)


NLNG Job Vacancy

CBN banner advert

UBA Wise Savers Promo


Categories Advertorials (3) African Press Organisation (81) Art & Literature (97) Business & Economy (4,358) Business Verdict (76) Columnists (1,074) Complaints & Requests (95) Enterprise & Opportunities (211) Entertainment (635) Features (779) Global Business Monitor (396) ICT Monitor (53) International (3,723) Interview (192) Live Commentary (30) Love Matters (163) Maggie's Blog (342) News (48,839) Opinion (1,291) Pidgin (17) Politics (11,170) Religion (1,051) Sports (2,102) Stock Watch (39) AMA & Al Jazeera Global Update






APO Group Partner




GOCOP Accredited Member

GOCOP Accredited member



Africa Media Agency and Al Jazeera