Agencies that support businesses in Nigeria

Entrepreneurship involves the identification of gaps and business opportunities in one’s immediate environment and the gathering of vital resources in an innovative way to fill the gaps, understanding the risks involved, and the process of gaining personal rewards.

Information is a vital source of entrepreneurship development, therefore entrepreneurs need to be reminded of the basic functional aspects regards their enterprises to be u to date, effective and efficient managers. Some of the agencies, private and public established to support the performances of entrepreneurs in Nigeria are listed below.

Manufacturers Association of Nigeria (MAN)

Manufacturing Association of Nigeria, was set up in 1971 as a national industrial association to encourage patronage of Nigerian made products by foreigners and Nigerians, encourage high-quality products through the gathering and provision of advice, and to provide a means for manufacturers to create and influence general policy regards industrial matters.

National Association of Small and Medium Enterprises (NASME)

NASME is an organization set up for the private sector with members drawn from small and medium scale enterprises. It is dedicated to capacity building, networking, policy advocacy, and promotion of the performance of its member operators and firms. NAMSE analysis and publications on the business environment, policymaking, and competitive enlightenment are useful to Nigerian entrepreneurs.

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

NACCIMAis a voluntary association of manufacturers, financiers, mines, farmers, merchants, trade groups, industrialists, who network together for the main goal of promoting, improving, and protecting the business environment for macro and micro benefits.

Nigerian Export Promotion Council (NEPC)

Nigerian Export Promotion Council was set up in 1976 to reduce the bureaucratic challenges and increase autonomy in dealing with members of the organized private sector. Its mission and goal are to ensure the non-oil export sector becomes a significant contributor to Nigeria’s GDP and to facilitate opportunities for exporters to promote sustainable economic development.

Raw Materials Research and Development Council (RMRDC)

Raw Materials Research and Development Council is vested with the responsibility to promote the development and utilization of Nigeria’s raw materials. It is Nigeria’s focal point for developing and utilizing its vast industrial raw materials. It also encourages industries to substitute local raw materials for imported ones.

National Poverty Eradication Programme (NAPEP)

NAPEP was established in 2001 aimed at ensuring the reduction of poverty in the country. It coordinates and manages other institutions which include ministries, and develops guidelines and plans for them to follow regards the reduction of poverty.  The goals of the organization include training youths in vocational trades, supporting microcredit, internship, and create employment in the automobile industry.

Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) SMEDAN was set up to promote micro, small, and medium enterprises development in Nigeria. It aims at facilitating the access of micro, small and medium entrepreneurs to all resources needed for their development. It aims at creating an efficient and structured micro, small and medium enterprises sector to enhance sustainable development in the country.

The functions of SMEDAN include Monitoring, Simulating, and Coordinating the development of the MSMEs sector. Initiating and articulating policy ideas for MSMEs development and growth; promotion and facilitating development programs, support services, and instruments to accelerate the modernization and development of MSME operation; Serving as the vanguard for rural industrialization, job creation, and overt reduction.