Tinubu Leads FEC Meeting on New SME Policy in Abuja
President Bola Tinubu presided over a Federal Executive Council meeting at the Council Chamber of the State House in Abuja, which commenced at 2:34 PM. Vice President Kashim Shettima accompanied him.
Notably, the Ministers of Defence, Foreign Affairs, the Federal Capital Territory, and Aviation were absent from the meeting. A significant agenda item was the consideration of a new National Policy on Small and Medium Enterprises (SMEs).
Charles Odii, the Director-General of the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), had indicated the pending policy during a recent event in Abuja. He stated that the policy aims to improve MSME access to government contracts and is currently awaiting FEC approval for the period from 2026 to 2030.
The policy emphasizes enhanced participation of MSMEs in public procurement, recognizing public contracts as vital for enterprise growth and local content development.
Plus234Feed summary based on reporting from Punch Newspapers. Read the original report below.
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