SMEDAN DG Says MSMES Contributes 46 Per Cent To National GDP

Director General, Small and Medium Enterprises Development Agency of Nigeria SMEDAN, Olawale Fasanya, has revealed that the Medium and Small Enterprises MSMEs contributed about 46.3 per cent to the nation’s Gross Domestic Product GDP.

Fasanya revealed this, in Calabar, at the graduation ceremony of the 90 persons trained under the National Business Skills Development Initiative NBSDI.

According to him, the MSMEs is contributing about 46.3 percent to the nation’s GDP through a total number of 37 million MSMEs in the country.

Represented by Assistant Director, Enterprise Development and Promotion, SMEDAN, Fasanya also said that MSMEs provide about 63 million employment to Nigerians while it accounts for about 6.2 per cent of exports.

He explained that NBSDI is a programme designed to provide entrepreneurship skills, vocational skills and provision of empowerment materials to fill the capacity gap of the youths.