Home Entrepreneurship Entrepreneurship Supportive Agencies in Nigeria

Entrepreneurship Supportive Agencies in Nigeria

by Olufisayo
Entrepreneurship Supportive Agencies In Nigeria

Manufacturer Association of Nigeria (MAN)

MAN was formed as a company limited by guarantee to perform important roles on behalf of its members. It was established as a national industrial association in 1971.

The activities of MAN are focused on sectoral group interactions.

The list of sectoral groups includes:

  • Food, Beverages, and Tobacco.
  • Chemicals and pharmaceutical
  • Domestic and industrial plastic, rubber, and foam.
  • Basic metal, iron and steel, and fabricated metal products.
  • Pulp, paper and paper products, printing, and publishing.
  • Electrical and electronics.
  • Textile, weaving, apparel, carpet, leather, and leather footwear.
  • Wood and wood products including furniture.
  • Non-metallic mineral products.
  • Motor vehicle’ and miscellaneous Assembly.
  • MAN export group.

Functions of Manufacturer Association of Nigeria (MAN)

This industrial association perform the following functions among many;

  • It encourages the patronage of Nigerian made products by Nigerians and foreigners.
  • It encourages a high standard of quality for member’s products through the collation and the provision of advice.
  • It provides’ for manufacturers venue for formulating and influencing general policy, in regard to industrial matters.

National Association of Small And Medium Enterprises (NASME)

It is a private sector organization in Nigeria. Its membership is drawn from small and medium scale enterprises. It is devoted’ to networking capacity building, policy advocacy, and promotion of the performance of its members’ firms and operators. NASME works to improve the welfare of its members and make input in industrial policy.

       

Analysis and publications from NAMSE on the business environment, competitive enlightenment, and policymaking are useful to Nigerian entrepreneurs.

Member firms of NASME face the daily challenge of the unsupported macroeconomic environment.

Nigerian Association of Chambers Of Commerce, Industry, Mines, and Agriculture (NACCIMA)

This body is a voluntary association of manufacturers, merchants, miners, farmers, financiers, industrialists, trade groups who network together for the principal objectives of promoting, protecting, and improving the business environment for micro and macro benefits.

The first Chamber of Commerce in Nigeria, the Lagos Chamber of Commence was founded in 1888 while NACCIMA, the umbrella organization for all chambers of commerce in Nigeria was established in 1960.

Roles of NACCIMA

       
  • It contributes to the socio-politico-economic development of Nigeria.
  • It provides a network of national and international business contacts and opportunities.
  • It promotes and develops all matters affecting commerce, industry, mines and agriculture, and other forms of private economic activities.
  • It considers legislative and other measures affecting commerce, industry, mines, and agriculture in Nigeria.

Small and Medium Enterprises Development Agency of Nigeria (SMEDAN)

This body was established to promote the development of micro, small, and medium enterprises (MSME). Its mission is to facilitate the access of micro, small and medium entrepreneurs/investors to all resources required for their development. Its vision is to establish a structured and efficient micro, small and medium enterprises sector that will enhance the sustainable development of Nigeria.

If SMEDAN functions optimally it will be one of the most veritable channels to combat poverty.

Like any other agency of its kind, harsh economic condition coupled with week government institutions does not help its performance.

Summary of SMEDAN functions

  • Stimulating, Monitoring, and Coordinating the development of the MSMEs sector,
  • Initiating and articulating policy ideas for micro, small and medium enterprises growth and development,
  • Promoting and facilitating development programs, instruments, and support services to accelerate the development and modernization of MSME operation.
  • Serving as a vanguard for rural industrialization, poverty reduction, job creation, and enhance sustainable livelihoods.
  • Linking SMEs to internal and external sources of finance, appropriate technology, technical skills as well as to large enterprises.
  • promoting information and providing access to industrial infrastructure such as layouts, incubators, industrial parks.
  • Intermediating between MSMEs and the Government. SMEDAN is the voice of the MSMEs.
  • Working in concert with other institutions in both public and private sectors to create a good enabling environment of businesses in general, and MSME activities in particular

National Poverty Eradication Programme (NAPEP)

National Poverty Eradication Programme (NAPEP) is a 2001 program by the Nigerian government aiming at poverty reduction, in particular, the reduction of absolute poverty. It was designed to replace the Poverty Alleviation Program.

       

NAPEP and NAPEC coordinate and oversee various other institutions, including ministries, and develop plans and guidelines for them to follow with regards to poverty reduction.

NAPEP goals include training youths in vocational trades, supporting internships, supporting micro-credit, create employment in the automobile industry, and help VVF patients.

The program is seen as an improvement over the previous Nigerian government poverty-reduction programs. According to a 2008 analysis, the program has been able to train 130,000 youths and engaged 216,000 people, but most of the beneficiaries were non-poor.

This program aimed at poverty eradication and empowerment. There are four major intervention schemes in Nigeria’s current poverty eradication program.

One is the Youth Empowerment Scheme (YES), which is targeted at youth. YES is more than an employment scheme as it is aimed at the provision of training opportunities, skills acquisition, employment opportunities, wealth creation through enhanced income generation, improved social status, and rural development.

       

It is primarily aimed at the economic empowerment of Nigerian youths. Its impact is still below expectation.

Micro Finance Institutions (MFIS)

These financial institutions are set up to meet the credit needs of the rural and urban poor, artisans, farmers, petty traders, vulcanizers, etc. CBN gave a directive to all erstwhile community Banks to convert to MFIs by recapitalizing to meet the new guidelines for the setting up of MFIs.

One of the challenges microfinance face in Nigeria is that they do not reach to a great number of poor Nigerians. The effect of not appropriately addressing this situation would further accentuate poverty and slow down economic growth and development.

Small and Medium Industries Equity Investment Scheme (SMIEIS)

The Scheme requires all banks in Nigeria to set aside ten (10) percent of their Profit After Tax (PAT) for equity investment and promotion of small and medium enterprises.

The 10% of the Profit After Tax (PAT) to be set aside annually shall be invested in small and medium enterprises as the banking industry’s contribution to the federal governments’ efforts towards stimulating economic growth, developing local technology, and generating employment.

       

Activities covered by the scheme include all legal business activity with the exception of trading/merchandising and financial services. Beneficiaries are expected to comply with the guidelines of the scheme and ensure prudent utilization of funds. Like its other counterparts, its performance is still below expectation.

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50 comments

Enwerem Samuel May 17, 2011 - 2:33 PM

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Olufisayo May 17, 2011 - 5:00 PM

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Olayinka Olorunfemi March 21, 2013 - 11:42 AM

Pls sir my mane is Olayinka Olorunfemi. I need your help in getting NAFDAC number for my Venture I already have a Register company name and production site . Pls need your reply urgently sir.

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GEORGE ORIE May 30, 2011 - 6:54 PM

it alarming to know we have such supportive agencies in place, entrepreneurs have a right to be informed and exposed to this various agencies.

i register my emotional support to your enpowerment project, please endeavor to organise seminars for all young and established entrepreneurs. such forums will will re-instate the need for formidable partnership. thumbs up for entrepreneurshipsecret.com.

entrepreneur George Orie

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olabanji samuel July 4, 2011 - 10:44 PM

Pls i want know the address of NASMEs in south west nig.and NASMI Too.how can i regester my enterpris with the C A C.I Belive i can regester before i stat the enterpris

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Olufisayo July 5, 2011 - 10:22 AM

Hi Samuel,
This is NASME’s info, call them and ask other things you need about them;
The Nigeria Association of Small and Medium Enterprises (NASME)
191, Ikorodu Road Palm-Grove, P.O Box 2872, Lagos, Nigeria
Tel: 234-1-8166463, 08056283160.
Email: nasmenigeria@yahoo.com

To register you business with C.A.C, you would need to go to their office and fill the forms or contact a lawyer to do the job for you.

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Tunde July 8, 2011 - 3:03 PM

I also like this write up. Pls, kindly send me the name of the person that wrote this write-up and the year he wrote it. I will like to quote the name in my project. I am writing my final year project and i want to make use of this write up. thanks alot

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Olufisayo July 8, 2011 - 5:22 PM

Hi Tunde, thanks for the comment. The article was compiled by Ayodeji Sanyaolu in March 2011. Hope that helps.

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Ojo seun July 8, 2011 - 4:58 PM

Am a student of federal poly idah,300 level where are just be introduce us according to the course by NBTE.bt ave plan to be enterprise hope you cant link me up later for support.thanks good site

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Olufisayo July 8, 2011 - 5:19 PM

Thanks for the comment Seun.

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callist August 9, 2011 - 11:08 AM

please, i want to know the factors that have been encouraging entrepreneurship development in Nigeria

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madu peters jp August 17, 2011 - 2:15 AM

Please i run a micro agro processing precisely cassava and melon how do i register with NASSI or SMEDAN? I am in Masaka, Nasarawa State.

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blessing james August 29, 2011 - 4:15 PM

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chidinma November 3, 2011 - 12:08 PM

nice article, i was really enlightened. however i am writing a project that is about youth empowerment focusing on lagos and rivers state. please i would really appreciate it, if some organisations that empowers youth and is based in lagos can be sent to me and equally organisations in river state (if possible their addresses too). thank you very much and keep up the good work.God bless you.

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ologun idowu adebayo November 9, 2011 - 2:58 PM

I don’t have mush to ask,as a clearing and forwarding agent with register company name under CAC.how could i partner with others org or to develop my business.thank you.

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Tope Oyeyemi March 17, 2012 - 6:35 PM

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Elijah Falode April 28, 2012 - 6:34 AM

Nice work Olufisayo and d team! I have biz ideas and passion to empower youths with practical bizs. I need a platform to share my biz propositions. Tnx as I await your reply!-Elijah Falode, President Campus Entrepreneurship Initiative,OAU.

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Reply
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Andy August 30, 2012 - 3:35 PM

This site has proved a veritable source of information on SMEs supportive organisations in Nigeria.

Please, I would appreciate it if I can be assisted to get list of current SME members of NASME.

Thank you.

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ola September 23, 2012 - 6:43 PM

Actually, I appreciated the site but the question is how effective and efficient are these numerous agencies practically and what has been their impart on Nigeria entrepreneurs so

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Alfred Ighobuno October 18, 2012 - 3:15 PM

What will be your advice for an entrepreneur like me who due to financial constrain cannot continue production. I have sold out samples of my product but after gathering people’s comments I will need to put a finishing to the product. How can I move forward from here.

Reply
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Ordu wisdom December 16, 2012 - 4:26 PM

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eseosa April 2, 2013 - 9:53 PM

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fola March 8, 2015 - 8:18 PM

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Roles of Commercial and Development Banks in the Promotion of Small and Medium Enterprises (SMES) April 21, 2015 - 7:40 AM

[…] Entrepreneurship Supportive Agencies in Nigeria […]

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Godwin Oyedokun September 1, 2015 - 11:11 PM

Dear Sir/Ma,

Good day to you.

Please, I am working on academic research on the impact of working capital management on entrepreneurship business growth in Nigeria.

I will appreciate if I can have the list of your members to enable me use them as sample in my research work.

I would be available if you so wish.

Reply
Micael Peculiar November 17, 2015 - 4:10 PM

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Thanks for this research work., you are really meeting the needs of the Creative, Gifted,Enterprise and Talented Nigerian Students on this blog.
Kudos to you and your Team.

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Olufisayo November 17, 2015 - 6:00 PM

We are glad we could help. Success in your exams.

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Magdalene Dickson February 1, 2016 - 2:22 PM

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Ajayi oludayo February 8, 2016 - 11:31 PM

Mr. Fisayo, plz sir, am a student at AAUA akungba-akoko ondo state, plz how can i be a beneficiary of all these institution u itemized cos am a 200l student and i have a cafe in d school

Reply
Olatoye Adebayo March 2, 2016 - 11:13 AM

Thank sir,it is a nice write up because it has been useful to many people in every aspect,more of it and God bless.

Reply
Mr.William March 5, 2016 - 12:41 PM

very interesting and helpful . i just discovered this site today .
I`m a Nigerian business man .I had traveled to Guangzhou China for order placement ,but the factory i was directed to and had paid could not to supply the material till date. now the factory owner is refusing to pick my call . Please which agency in Nigeria or in china can help me . what is your advise ?

Thanks for your early response.
Mr.William

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bala tukur April 12, 2016 - 7:59 AM

nice work. I read chemistry and have the ideas of esterblishiing small scale industry but my major problem is the financial aspect. kindly help me on how or where I can access fund to make my dream come true

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Ndidiamaka April 21, 2016 - 10:29 PM

hello please I would want to know the challenges MAN usually encounter on the part of environmental laws with the agency involved. thank you.

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austine ndubuisi June 16, 2016 - 9:11 PM

Hello sir!

I have an assignment to” identify & describe the extent and ways to which the Nigeria industrial association has assisted in Nigeria enterprenuership development”. Can you pls assist in giving me the clue on how I could source a comprehensive materials….thanks my email is austinndubuisi1@gmail.com

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OYEWANDE, ISAAC ADEMOLA. July 15, 2016 - 1:39 PM

Hello sir, i am Isaac by name, a potential graduate of human anatomy from Lauteh, Ogbomosho , Oyo state. I have been working profusely in getting some agencies to help financing my business i have in main. I have made research in the production of cassava chips both for export and for internal use.I have acquired the basic skills needed in starting the whole business. Please sir, i want to ask that which of those agencies are working and are ready to help people like us to achieving our dreams. Thanks.

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George Ogidi Aaron June 24, 2018 - 7:52 PM

I LOVE YOUR APT REPLY TO MSGS.
PLS, I DESIRE TO GET INVOLVE IN BUSINESS RENDERING SERVICES AND ONE OF WHICH INCLUDES REAL ESTATE CROWDFUNDING.
MY QUESTION IS:
-WHICH BUSINESS AGENCY DO I REGISTER WITH?
IS IT NASME, SMEDAN OR C.A.C?

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Ambassador Victor Chidera November 26, 2020 - 3:19 AM

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Nice One!

Reply
Ozomaye Omoh joseph December 10, 2020 - 1:54 PM

Thank God for this site
That help me in my research assignment

Reply
Olufisayo December 10, 2020 - 6:21 PM

Thanks for the feedback! We are happy we could be of help.

Reply

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