Proper coordination and development of the informal sector are critical to Nigeria’s economic survival and will arrest the incessant youth restiveness in the country.
The Director-General, Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), Dr Dikko Umaru Radda said this in Ilorin, Kwara State on Wednesday at the MSME Support Organisations Dialogue.
According to Dikko, who was represented by the North Central Zonal Coordinator, Mrs Abah Charity, said the MSMEs sector can generate jobs more than any other sector in the country and stimulate widespread economic growth.
“The Micro, Small and Medium Enterprises sub-sector is considered the engine of socio-economic transformation globally.
“The sub-sector can generate more jobs than any other, create wealth and reduce the prevalence of poverty, youth restiveness if properly harnessed and coordinated.”
She said the initiative was conceived as a platform to bring together major stakeholders in the Nigerian MSMEs ecosystem to discuss challenges inhibiting growth and development.