(AGENDAWATCHDOG) – According to the Small & Medium Enterprises Development Agency of Nigeria (SMEDAN), the African Development Bank (AfDB) has pumped about $600,000 into the establishment of Abuja Industrial Development Centre (IDC).
This was stated by the Director-General/Chief Executive of SMEDAN, Dr. Dikko Umar Raddah, represented by the Deputy Director, Engineering Technology and Infrastructure, Anthony Igba, during the media inspection of the IDC park.
According to the SMEDAN boss, the agency was also working on other 22 clusters that would focus on other areas to promote SMES across Nigeria.
The $600,000 grant, which is part of the AfDB’s contribution to boosting small scale enterprises in the country, was expended on the feasibility study that was carried out by the bank.
Situated at Idu Industrial Area of the Federal Capital Territory (FCT), the project is a one-shop furniture cluster being put in place by SMEDAN to enable furniture-related SMEs to have access to regulatory agencies and the market.