Kaduna State Government and SMEDAN Sign Historic MoU to Empower MSMEs


The Kaduna State Government, led by Governor Uba Sani, has taken a significant step towards boosting the state's economy by signing a Memorandum of Understanding (MoU) with the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN). This strategic partnership aims to empower Micro, Small, and Medium Enterprises (MSMEs) across Kaduna State, addressing critical issues such as poverty, unemployment, and insecurity.



A ₦1 Billion Matching Fund Program

A key component of this partnership is the establishment of a ₦1 billion Matching Fund Program, with both the Kaduna State Government and SMEDAN contributing ₦500 million each. This fund will provide crucial financial support to MSMEs, enabling them to grow, innovate, and create jobs. The program is designed to foster a thriving business environment, where entrepreneurs can access the resources they need to succeed.


Rapid Growth of MSMEs in Kaduna

Since Governor Uba Sani assumed office, Kaduna State has witnessed a remarkable transformation in its MSME sector. The number of MSMEs has skyrocketed from fewer than 20,000 to over 180,000, reflecting the administration's unwavering commitment to financial inclusion, job creation, and economic empowerment. This growth is a testament to the government's proactive approach to creating an enabling environment for businesses to flourish.


SMEDAN Director General Praises Kaduna's Leadership

Mr. Charles Odii, Director General of SMEDAN, praised Governor Uba Sani's administration for its exemplary leadership in supporting SMEs. He commended the state's commitment to peace, infrastructure development, and human capital growth, which have created a conducive environment for businesses to thrive. Kaduna's proactive approach to SME development has earned it recognition as the best-performing state in this sector.


A New Era of Collaboration

This partnership marks a new era of collaboration between the Kaduna State Government and SMEDAN, aimed at driving economic growth and development. By working together, both parties are poised to unlock the full potential of Kaduna's MSMEs, creating a brighter future for the state's entrepreneurs and citizens.


Empowering MSMEs for a Brighter Future

The MoU signing ceremony underscores the commitment of both the Kaduna State Government and SMEDAN to empowering MSMEs. Through this partnership, the parties aim to:


- Provide financial support to MSMEs through the Matching Fund Program

- Foster innovation and entrepreneurship in Kaduna State

- Create jobs and stimulate economic growth

- Address poverty and unemployment through sustainable economic empowerment


As Kaduna State continues to push the boundaries of SME development, this partnership with SMEDAN is set to play a pivotal role in shaping the state's economic future. With a strong focus on collaboration, innovation, and empowerment, the Kaduna State Government and SMEDAN are poised to make a lasting impact on the lives of entrepreneurs and citizens alike.


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