The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) commitment to nurturing entrepreneurship has undoubtedly played a significant role in shaping the landscape of small businesses in Nigeria, Ayoola Olukanni, former director-general of the National Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), has said.
Mr Olukanni disclosed this on Friday while speaking at the ongoing 2023 Management and Staff Retreat of the SMEDAN of Nigeria held in Ilorin, Kwara State.
Speaking at the event, Mr Olukanni said the wheels of the Nigerian economy are kept running by the dynamism of Micro, Small, and Medium Enterprises (MSMEs).
“With over 40 million MSMEs employing over 80 per cent of the population and contributing about 50 per cent of the country’s Gross Domestic Product (GDP), they serve as the backbone of our economic structure.
“And their ability to adapt quickly to market changes, drive local innovation, and foster…