Department of SMEs

DEPARTMENT OF SMEs

STATUTORY FUNCTIONS

DIRECTOR: MR. ISICHEI .P.A.

The MSME Department was created out of Industry Department on November 1, 2005 The purpose was to create an institutional framework for rapid establishment, growth and sustainability of micro, small and medium enterprises in Delta State.

The responsibilities of the department are as follows:

(i) Identification/ sourcing of international/ funds for MSME?s

(ii) Assisting MSME?s access various loans available

(iii) Training and sensitization(capacity building) programmes for MSME?s

(iv) Project packaging (feasibility studies for MSME?s

(v) Operation of the Delta State fund for Small Scale Industries (FUSSI) micro credit scheme.

Blue print of activities: The MSME Department’s key objectives and strategic plans flow from the State and National Economic Empowerment and Development Strategy (ABSEEDS/NEEDS) framework.

OBJECTIVES OF THE DEPARTMENT

The following are the key objectives of the Department:

(i) To establish 5100 MSME projects in the 17 LGAs of the State (300) each in collaboration with the National Association of the Small Scale Industries (NASSI) I the first year of the intervention exercise.

(ii) Run sensitization seminars in the 17 LGAs of the State with NASSI and other OPS on the sources of fund for MSMEs

(iii) Undertake advocacy meetings with blanks and other financiers on the modalities for funding MSMEs

(iv) Liaise with appropriate Government agencies such CBN, SMEDAN, the Bankers Committee etc on the implementation of available intervention/incentive schemes to the sector.

(v) Initiate adequate appropriations are made for the sector in the State budget as well as building the capacity of the MSME Department and agencies in the State to facilitate it effectiveness in service delivery.

(vi) Provide business development services through proper project packaging for about 5100 MSMEs in the 17 LGAs of the State annually to enable them access loans.

(vii) Reposition the FUSSI Scheme including its law review for effective micro credit delivery to targeted groups such as the unemployed, graduates, youths, artisans and clients difficult to reach with the formal banking facilities.

STRATEGIES

The achieve the above objectives, the following strategic plans are adopted:

(i) The public/private sector dialogue is initiated to involve all stakeholders in the MSME service delivery.

(ii) Partnering with MSME experts and agencies such as the NDDC, SMEDAN, NAPEP, CBN etc for effective service delivery.

(iii) Collaboration with the organized private sector (OPS) in their needs assessment and interventions.

(iv) Capacity building for the OPS and regular training/ sensitization workshops to the MSMEs.

(v) Counselling/advocacy programmes for MSME operators.

(vi) Identification of special skills/technologies and investment opportunities, and packaging them for funding by financiers.

(vii) Gender mainstreaming to endure vulnerable and MSME groups are empowered to invest in projects that could sustain livelihood.

MSME Department Contact Email: commerce@deltastate.gov.ng

CONTACT US

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