Before 2015 runs out, SMEDAN, a Federal Government agency will work with Community Awareness on Development Network (CAWAN), a non-profit organization to provide training and skill acquisition to two million Nigerian youths scheduled to take place in the six geo-political zones of the country.
SMEDAN does not give out money to SMEs but would leverage on its collaborations with financial institutions and other agencies to help the development of SMEs in the country.
In Abuja, Director General of SMEDAN, Bature Umar Masari said with the Bank of Industry alone, there are about fourteen windows where money are domiciled, adding that those monies can only be accessed based on the specialization of the entrepreneur.
“We have to pick the ones that can be trained and equally be able to pick up some enterprises after the training. The second aspect is to provide the training components. CAWAN is responsible for the skills acquisition proper while SMEDAN will now come up with the entrepreneurship aspect.
“We have a number of specialised modules and those modules are specifically based on project specimens. We look at your line of enterprise and be able to know the kind of module that is applicable to you.
“They are all practical in nature, it is not teaching per se. We facilitate and it’s more of interactive sections. We would try to bring out the best in every entrepreneur and then be able to guide him or her on which project to embark on and even how to manage it’’.
He said the training programmes will feature components of business plans writing which would expose participants on how to come up with business plans that are viable. The agency had also contacted consultants who will help trainees to fashion their business plans in situations where participants cannot do it on their own.
The essence of this is to make such business plans attract funding from financial institutions that may be willing to bank roll such projects.
Check other activities of SMEDAN on http://www.smedan.gov.ng/