SMEs contribute 46.31% to GDP
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The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), yesterday, said Small and Medium scale Enterprises (SMEs) have contributed 46.31 per cent to Nigeria Gross Domestic Product (GDP).
It put the export earnings of the country from SMEs at over six per cent, saying that the figures indicated that they were doing well despite the current economic challenges.
SMEDANSenior Administrative officer in Kwara State, Mrs. Oyiza Adava, said this in Igbana, Oyun local government area, during a lecture organised by the correspondents chapel of the Nigeria Union of Journalists (NUJ), Kwara state council.
Mrs. Adava advised those proposing to float SMEs to ensure proper planning for their businesses to succeed.
She urged existing SMEs in the country to be resilient in the face of the current economic hardship in the country, assuring that they would overcome the situation.SMEs in Nigeria should be resilient, they shouldn’t give up, they should not close up because of the economic hardship they are currently going through, they will overcome it quote, she said.
The SMEDAN official urged existing businesses to leverage various federal government intervention to grow their businesses by ensuring good packaging and branding of their products and services.
"If you want to succeed in any business today, your business must be well planned
ahead. There are businesses that existed for five years but still closed because they
were not well planned quot, she said
She advised practicing journalists in Nigeria to explore the opportunities in their
profession to also own their personal businesses.
As journalists, one of the ways you can own your business is to make your online
presence very strong .As journalists, it is important you maximise online platform. You
have to be creative with what we do, you can create a nich, Adava, said.
She advised journalists to consider developing their personal brand, sponsored content,
and offer paid services expertise in areas like media training, writing or social media
strategy through paid consultations or workshop.
She advised journalists to consider developing their personal brand, sponsored content,
and offer paid services expertise in areas like media training, writing or social media
strategy through paid consultations or workshop.
