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Tuesday, July 5, 2022

Govt signs deal with Indonesia on technical cooperation for SMEs’ development

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FEDERAL Government has signed a Memorandum of Understanding (MoU) with the Indonesia Government on technical cooperation for the development of Micro, Small and Medium Enterprises in Nigeria.

The MoU, which was signed in Abuja over the weekend, would afford Indonesia to exchange technical know-how with Nigeria on cassava processing and training Nigerians on cassava.

Director-General of Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), Alhaji Muhammad Umar signed on behalf of Nigeria while Mrs. Euis Saedah, Director General, Small and Medium Industries (SMI) Directorate of Indonesia signed on behalf of her country.

While describing the partnership as historic, the director general said he believed that it would open a new vista in the bilateral relationship of the two countries.

“There is no doubt that Nigeria will need the assistance of Indonesia in the proposed conversion of Industrial parks to cluster parks and in the revamping and development of existing Industrial Development Centers (IDC)”.

The director general said the expectation of Nigeria was that Indonesia would invest in Nigeria’s textile manufacturing sector so as to produce in Nigeria its fabric popularly called batik, which is in high demand.

“This will help in the help in the actualization of the federal government goals in job creation. We also expect to step up our cooperation through sharing of experience, training, commercial activities and technology transfer among small and medium entrepreneurs of both countries”.

He said the MOU between SMEDAN and the directorate of SMI of Indonesia would offer tremendous business opportunities, especially for Nigerian Entrepreneur.

He therefore urged the Nigerian entrepreneurs to leverage this enhanced bilateral relations to grow their businesses and the nation’s economy. He added that government alone cannot solve the problem of unemployment but if it could put more efforts in strengthening the SMEs sector it will gradually tackle the problem within short period of time.

Sudriman Haseng, Indonesian Ambassador to Nigeria in his remarks said the cooperation would strengthen the relationship between the two countries.

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