Services – MSME FORUM

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Services Offered by the

MSME FORUM

The MSME FORUM is set out to render the following services amongst others:

Pursue a comprehensive development agenda that frontally and sustainably address under-performance in general and the myriads of challenges that had bedeviled the sector in its fragmented states in particular.
Operate a website that showcases all the over 41 million MSMEs in Nigeria, what they do, where they are and what they need to create millions of jobs annually.
Interface between government and the citizens, interpret public policies, collate and analyze responses on issues concerning MSMEs.
Create a platform for warehousing and harmonizing the common interests of the BMOs, and presenting uniformly and mutually accepted procedures for carrying out their activities.
Set standards for members to offer products and services whose prices and qualities are both competitive and marketable.

Reasons for the Eastablishment of

MSME FORUM

Absence of an MSME strategy with proper vision for the sector, relevant information, gap analysis (SWOT/SMART) measures for growing and developing the sector, implementation and monitoring.
Inadequate understanding of MSME promoters on the peculiar nature of their businesses and how to engage them successfully and profitably.
Fragmentation of MSME BMOs numbering about 100 at the last count and the attendant discordant voices and uncoordinated pursuits of goals and aspirations.
Absence of universal platform that warehouses information for stakeholders to effectively and efficiently take decisions that affect seamless growth and development.
Lack of access to low interest rate financial window crucial to the growth and development of the MSME sub-sector.

Rationale for Establishing the

MSME FORUM

For a long time, the fortunes of the MSME sector regarded as the engine of economic growth have been left to the vagaries and discordant voices of its various BMOs with no proper coordination and effective synergy needed to tackle the issues and challenges confronting the sector. These issues and challenges include lack of access to finance, inappropriate entrepreneurial skills, lack of institutional capacities, inadequate access to workplace and technology, and non-availability of competitive products that can penetrate and retain both domestic and foreign products.

To adequately address these challenges, some of which require legislative intervention to overcome, it becomes imperative for MSME Business Membership Organizations to come together as obtained in some of the successful economies in the world and form an umbrella organization that will harmonize and promote stakeholders for the development of the MSME sector. It is for this salient reason that the decision to establish MSME FORUM was taken on September 30, 2015 in the training room of the Small and Medium Enterprise Development Agency, SMEDAN, with 52 participants representing different BMOs.