Strategic framework and implementation plan on MSME re-categorisation & enhanced local content development and implementation strategy

In recognising the role of micro, small and medium-scale enterprises (MSMEs) as the engine for economic growth, the Nigerian government established an agency, the Small and Medium Enterprise Development Agency of Nigeria (SMEDAN), with the core task of driving development and growth for the entire sector. Adding to the efforts of SMEDAN, other government agencies also have mandates to deploy intervention funds directed primarily at MSMEs with the objective of activating the sector’s potential as a catalyst for economic growth. Following a market analysis of the sector, this strategic framework and implementation plan was created to enhance MSME growth.