Experts call for stronger support for Nigerian MSMEs at book launch

Enterprise development experts urged better funding and policies for Nigeria's micro, small and medium enterprises during the launch of a memoir by former SMEDAN Director-General Dr. Olawale Fasanya in Abuja on 4 June 2026.

The public presentation of the book 'From Cradle to Saddle' took place in Abuja. Stakeholders described MSMEs as vital to job creation and economic diversification, highlighting challenges including limited finance and policy inconsistencies. Katsina State Governor Umaru Dikko Radda, a former SMEDAN Director-General, was represented by Deputy Governor Faruk Lawal Jobe. He praised Fasanya's contributions to the agency and stressed the need for strong institutions. Current SMEDAN Director-General Dr. Charles Odii and University of America Vice-Chancellor Prof. Engr. Gamaliel Onyeka also spoke, emphasizing documentation and knowledge transfer in public service. Fasanya noted the book covers the national MSME policy and the 'One Local Government, One Product' initiative.

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The Micro, Small and Medium Enterprise Development Agency (MSMEDA) is increasing cooperation with universities to equip young people with skills to start their own businesses. MSMEDA Chief Executive Bassel Rahmy made the remarks during a meeting with a student initiative. The efforts aim to promote entrepreneurship and self-employment.

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The Micro, Small and Medium Enterprise Development Agency has launched the Egyptian Cotton Festival initiative in cooperation with Cairo Governorate and the Egyptian Marketing Studies Foundation to bolster cotton-based businesses.

Egypt's Ministry of Supply and Internal Trade has signed a memorandum of understanding with the Micro, Small and Medium Enterprises Development Agency to convert state-subsidised outlets into the ‘CARRY ON’ franchise chain. The deal includes financing for new youth-managed branches and aims to improve access to commodities.

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Bassel Rahmy, CEO of MSMEDA, and Ahmed Khorshid, CEO of Tamweely Financial Services, signed two agreements providing EGP 350m for microfinance programmes. The deals are expected to support around 3,000 projects.

Prime Minister Mostafa Madbouly toured several industrial facilities in 6th of October City and El Sadat City, reaffirming Egypt’s push to strengthen local manufacturing and attract global investment.

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Investment Minister Mohamed Farid announced efforts to develop Egypt's startup financing ecosystem during the annual investors meeting of Development Partners International.

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