The Katsina State Government has signed a Memorandum of Understanding (MoU) with Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) to overhaul the Industrial Development Centre (IDC) in the state into an impactful incubator, providing SMEs with discounted access to modern tools and essential infrastructure, including power, thereby enhancing local production quality and reducing operational costs.
The MoU was signed by Governor Dikko Radda on Thursday, at the agency’s headquarters in Abuja during the visit to SMEDAN headquarters.
SMEDAN has also signed with Katsina State for a N1 billion matching funding from the later aimed at boosting small scale businesses.
The pact, expected to kick off this quarter with an initial injection of N250 million, was signed on Thursday, at the agency’s headquarters in Abuja during the visit of Governor Dikko Umaru Radda of Katsina State.
The Director General of SMEDAN, Charles Odii while speaking during the visit expressed gratitude to Governor Radda, who served as the DG of the agency for six years before his emergence as governor, for his continuous commitment to the agency’s mission.
He noted their shared vision of driving national prosperity through SME growth, describing small businesses as the bedrock of the country’s economy.
“The potential of SMEs in Nigeria to drive lasting growth and prosperity is undeniable. The evidence of their resilience and innovative brilliance is all around us. That said, government support remains crucial for their success. This is our mission at SMEDAN: to create an enabling ecosystem for SMEs to thrive, offering ready access to finance, streamlined market entry, and regulatory support.” Odii stated.
Radda on his part, highlighted the importance of SMEs to national growth and their central role in President Bola Tinubu’s economic agenda. He emphasised the efforts of the Katsina State SME Development Agency and stressed the need for collaboration to harness the contributions of SMEs in job creation and economic revitalisation.0
