en
Co-funded by the European Union
Co-funded by the European Union
Location
Nigeria
Topic
Business Regulation and Policy, Public Private Dialogue, Small and Medium Enterprises and Start-Ups
Status
Completed
Year
2021
The National Policy on MSMEs for Nigeria was launched in 2007 to promote the development of MSMEs. After a review the revised National Policy on MSMEs in Nigeria (2021-2025 edition) was approved by the Federal Executive Council’s in March 2021. SMEDAN has the mandate to coordinate the implementation of the National MSME Policy in Nigeria.
The ICR Facility has provided technical assistance to support the coordination of the implementation of the National Policy on micro, small and medium sized enterprises (MSMEs) for Nigeria.
Specifically, the collaboration with SMEDAN and ACCI aimed at:
The coordination mechanism and the enhanced M&E system ensured a proper and sustainable coordination of the implementation of the MSME policy in Nigeria until 2025. Consequently, this promoted the growth of MSMEs in Nigeria which contribute to 50% of GDP and 80% of employment in the country.
