SME: SMEDAN Unveils GROW Program for Business Success

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The Small and Medium Enterprises Development Agency (SMEDAN) has launched initiatives to support small and medium enterprises (SMEs) in overcoming business obstacles through its Guidance, Resources, Opportunities, and Workforce Support (GROW) Nigerian program.

The GROW Nigerian initiative is SMEDAN’s strategic blueprint aimed at accelerating economic growth by providing vital resources to micro, small, and medium enterprises (MSMEs) in key sectors of the Nigerian economy.

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SMEDAN Director-General Charles Odii explained the GROW acronym, which stands for Guidance, Resources, Opportunities, and Workforce Support. He stated that the initiative would enable SMEs to overcome common obstacles and experience growth in various sectors of the economy.

Odii said, “The Agency is targeting to create more jobs through its GROW Nigerian strategy, offering training, skills development programs including resources to empower entrepreneurs and their teams, and fostering productivity and innovation within small businesses.

He disclosed that over 90,000 jobs have been created in the first three months of the year through the implementation of various initiatives. SMEDAN’s GROW program aims to provide small businesses with expert advice, mentorship, and strategic direction to navigate challenges and maximise growth.

Odii added, “It proposes our theory of change, which holds that by providing adequate guidance, resources, opportunities, and workforce support (GROW), SMEs can overcome common obstacles and experience growth.”

The GROW program will also provide SMEs with essential tools, funding, technology, and infrastructure necessary for operational efficiency and sustainability. Additionally, it will create platforms and market access opportunities for small businesses to showcase their products and services and expand their reach.

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