HomeBusinessFunding available, but Nigeria lacks investment-ready startups, says SMEDAN

Funding available, but Nigeria lacks investment-ready startups, says SMEDAN

The Small and Medium Enterprises Development Agency of Nigeria has stated that the country’s major challenge is no longer the availability of funding for startups, but rather the shortage of investment-ready businesses capable of attracting and effectively deploying available capital.

The agency said it was therefore training a new generation of entrepreneurship trainers to equip young Nigerians with the skills required to build innovative, technology-driven and globally competitive businesses.

The Director, Director-General’s Office, SMEDAN, Onesi-Lawani, who represented the Director-General and Chief Executive Officer of the agency, Charles Odii, stated this at the commencement of the two-week Training of Trainers programme under the Abuja Centre for Entrepreneurship Project in Abuja.

According to a statement issued on Monday by the Head of the Corporate Affairs Unit, SMEDAN, Moshood Lawal, the programme is designed to produce ACE-certified trainers capable of grooming young Nigerians to build and scale investment-ready enterprises.

The statement read, “The

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