have to play in achieving the Vision20:2020 objective, the present Administration, through its agencies like the Small and Medium Enterprises Development Agency (SMEDAN). The Central Bank of Nigeria (CBN) Bank of Industry (BoI), National Economic Reconstruction Fund (NERFUND) National Bureau of Statistics and international partners like United Nations Development Programme, United Nations Industrial Development Organization (UNIDO) etc, engaged in massive capacity widening activities for the SME sector aimed at empowerment and recapitalization. Some of these efforts include the National Policy on Micro Small and Medium Enterprises Development: In collaboration with the United Nations Development Programme [UNDP] and all relevant stakeholders, SMEDAN delivered the first national Policy that would sign-post the development of the micro, small and medium enterprises [MSME] sub-sector. The policy effectively resolved the persisting confusion surrounding definitions of Micro, Small and Medium enterprises, [see Table below] as well as provided the platform for achieving institutional synergies in coordination, monitoring and evaluation in a National Consultative Committee on MSME Policy implementation. The national Committee has since been set up, while some states like Edo, Zamfara, Kwara, Benue, Kebbi, Niger and Cross River have set up similar Committees to facilitate grass roots implementation. Classification adopted by National Policy on MSMEs is detailed in the table below. Table: Classification of Sizes of MSME&SME SIZE CATEGORY EMPLOYMENT ASSETS (N million, excluding land and buildings) 1 Micro enterprises Less than 10 Less than 5 2 Small enterprises 10-49 5 – less than 50 3 Medium enterprises 50-199 50- less than 500 Source: SMEDAN National Policy. Information Services /Business Awareness Creation and Research: Business Clinic at the Agency’s Head Office. The Agency set up a Business Clinic at its Head Office to offer specialized one-on-one business counseling to MSMEs 70

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