From Yakubu Mustapha, Minna
Multi Small and Medium Enterprises (MSMEs) has been identified as the engine for the development and growth of Nigerian economy and should be given the required priority.
The Director General of Scientific Equipment Development Institute (SEDI), Professor Mohammad Baba Ndaliman made this known to mark the Institute day at the ongoing 18th Niger National Trade Fair in Minna.
He disclosed that the current survey by SMEDAN/ NBS, MSMEs indicated that SMEs contributed about 50% to the country’s GDP and account for 80% of employment in Nigeria as well 50% employment worldwide, therefore, the sector remains vital in reducing poverty.
Ndaliman hinted that the Institute has the capacity to undertake the production of various educational, teaching and laboratory items to promote teaching and learning of all science subjects hence its partnership with universities and other higher institutions to expand research and development for the benefit of the society.
The Director General however called on investors and entrepreneurs to explore the available resources of the institute to scale up the mass production of some of its developed products for commercial purposes.
The President of Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Dr Abdulkadir Hassan has charged for prioritizing manufacturing and technology sectors of the economy and certify their products for exportation to enhanced growth.