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truly capable of and in the process transform our economy and the lives of millions of Nigerians. We begin our journey today, we begin to wield one of our greatest assets today - the entrepreneurial Nigerian spirit. This programme should give hope to every Nigerian here today and will touch the lives of every Nigerian who will be here tomorrow. Thank you. President Goodluck Jonathan, GCFR 6 National Enterprise Development Programme
Foreword by the Nigerian Minister of Industry, Trade, and Investment Honorable Minister Olusegun Aganga CON The average Nigerian is creative, intelligent, resourceful, business savvy and most of all, enterprising by nature. It is evident in the high number of micro, small and medium enterprises we see across the country. These enterprises are the creator of jobs, the source through which millions of families are fed in the country and ultimately the backbone of our economy. According to the World Bank, fostering high growth entrepreneurship and innovative activity are critical in achieving high productivity and job creation in any country. For many years however, the needs of this sector have not been fully met and efforts to develop the MSMEs have not been felt at the grass root level. Hence, whilst we have recorded an average GDP growth of about 7 % over the past decade, the economic growth has not been as inclusive as we would have wanted. Under the Transformation Agenda of Mr. President, Dr Goodluck Ebele Jonathan, GCFR, this sector is now being prioritized and nurtured in order to ensure sustainable and inclusive economic growth. The National Enterprise Development Programme (NEDEP) has been designed to address the challenges that are stifling the growth of the MSME sector in Nigeria. It pulls together public sector capacity and private sector expertise in addressing these challenges. With the rigorous implementation of the program, NEDEP expects to create an average of one million jobs per year. Under NEDEP, all stakeholders are engaged to ensure a holistic framework is put in place to directly address these barriers. For example, the Industrial training fund (ITF) will ensure that MSMEs have the requisite skills; the Small and Medium Enterprise Development Agency of Nigeria (SMEDAN) will provide business support services working with MSMEs to prepare bankable business plans and the Bank of Industry (BOI) will provide funding for eligible small businesses. The Nigerian consumer appetite is large…. With a population of 167 million that is expected to reach 220 million by 2020; it is clear that there is the necessary local consumer base required for MSMEs to grow their enterprises. NEDEP will ensure enhanced productivity of MSMEs, improve the quality of their products and ensure that the importations of substandard products are significantly reduced or eliminated. Dr Sam Ortom (Honorable Minister of State) and I would like to take this opportunity to thank the Development Financial Institutions (DFI’s) and the private sector for their support and commitment to this program. Join us on this journey of innovation, creativity and strategic discipline as we look to unleash and support the innate entrepreneurial spirit in the average Nigerian. Honorable Minister Olusegun Aganga, CON National Enterprise Development Programme 7
Page 1 and 2: National Enterprise Development Pro
Page 3 and 4: Contents Statement by Mr President
Page 5: Statement by Mr President President
Page 9 and 10: industries and failed to include MS
Page 11 and 12: i. The low level of capital require
Page 13 and 14: Chapter 2.0: The National Enterpris
Page 15 and 16: Chapter 3.0: Strengthening Institut
Page 17 and 18: Chapter 4.0: National Policy on MSM
Page 19 and 20: deposit money banks (DMBs) for loan
Page 21 and 22: 5.7 Other Initiatives to Unlock Fin
Page 23 and 24: Chapter 6.0: Access to Markets and
Page 25 and 26: Chapter 7.0: Infrastructure 7.1 Ope
Page 27 and 28: 13. Makurdi Wood Works, Electrical
Page 29 and 30: 8.3 Partnership with private sector
Page 31 and 32: through provision of gainful/self-e
Page 33 and 34: Chapter 10.0: Youth Inclusion 10.1
Page 35 and 36: 11.3 Monitoring Progress A NEDEP pr
Page 37 and 38: GOD BLESS NIGERIA National Enterpri

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