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SMEDAN harps on human capital development

16 August 2013, 12:22

Abuja - The Director-General, Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), Bature Masari, said on Thursday that human capital development was a pre-condition for the success of enterprises.

This is in contained in a statement signed by Levi Anyikwa, Deputy Director, Corporate Affairs, SMEDAN, in Abuja.

Masari was speaking at the opening of a two-week certification training programme for operators of Micro-Finance Banks (MFBs).

He said that, "training of MFBs operators was imperative to ensure effective handling of issues pertaining to access to finance by micro and small entrepreneurs.''

According to the statement, the training was facilitated by SMEDAN on behalf of the Central Bank of Nigeria (CBN) and the Nigeria Deposit Insurance Corporation (NDIC).

It also quoted Masari saying: "I want to charge you to be prepared because in the course of 2014, SMEDAN will be actively collaborating with Micro-finance banks.

"Between now till the end of the year, some banks are going to be selected for implementation of some of SMEDAN programmes.

"It will be geared towards providing employment opportunities to ordinary Nigerians and by 2014, they are going to be playing key roles.

"However, only Micro-finance institutions that offer the highest incentive by way of lower lending rates will be involved in the implementation of these programmes.’’

Masari also assured the trainees of the agency’s readiness to lead the way in providing training and retraining of the staff.

The D-G noted that despite the existing collaboration between SMEDAN, BOI and BOA, more windows must be opened ''for easy access to finance by MSME operators.'' 

The statement said, according to a 2-year (2011-2013) statistics published by Other Financial Institutions Supervision Department (OFISD) of CBN, SMEDAN  had been ranked third out of  24 Micro-finance Training Service Providers (MTSPs) certified by CBN, NDIC and CIBN.

It also quoted the Leader of the SMEDAN Faculty Team, Babatunde Osho, as saying that "we, as one of the Certified Training Institutions, have continued to perform excellently since inception, out of 24 MTSPs, we were ranked third.’’

Osho said the beneficiaries of the training were drawn from three states in the North Central Zone; namely Niger, Benue and Plateau while few other participants were drawn from Kogi and Abuja.


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