Thursday, 7 February 2013

Federal Government of Nigeria and Indonesia sign Mimorandum of Understanding on SMEs

Fed Govt, Indonesia sign MoU on SMEs


The Federal government has signed a Memorandum of Understanding MOU with the Indonesia government on technical cooperation for the development of Micro, Small and Medium Enterprises in Nigeria.

The Director-General, Small and Medium Enterprises Development SMEDAN Muhammad Umar Nadada,  signed on behalf of Nigeria while, Director-General, Small and Medium Industries SMI Directorate of Indonesia, Euis Sedah, signed on behalf of Indonesia.

He said the MoU between SMEDAN and the Directorate of SMI of Indonesia, offers tremendous business opportunities, especially for Nigerian Entrepreneurs.

The Indonesian Ambassador to Nigeria, Sudriman Haseng, in his remarks, said the cooperation would strengthen the relationship between the two countries.

We are both regional leaders, the cooperation would increase the benefit of the two nations in their relationship with other nations, he added.

He noted that small and medium entrepreneur development is key to economic development of any country, the envoy called on the Nigerian government to focus more on strengthening the SME’s sector in the country.

Speaking, Euis Sedah said the two countries are blessed with both human and natural resources, which she described as factors that will help in facilitating the goal of partnership.

The director general believed that government alone cannot solve the problem of unemployment but if it could put more efforts in strengthening the SMEs sector it will gradually tackle the problem with short period of time.

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