BY FAVOUR NNABUGWU

ABUJA-Small and Medium Enterprises Development Agency of Nigeria, SMEDAN, has signed a Memorandum of Understanding with the Nigerian Film Corporation, NFC, to enhance meaningful contribution of the film sector, with a view to creating jobs, reducing poverty and generating revenue for the Federal Government.

Alhaji Muhammad Nadada Umar, SMEDAN Director-General, said weekend that the terms of the MOU would add tremendous value to the national economy, as it aimed to create opportunities for small businesses to grow in the film industry, especially as regards youth employment, revenue generation, poverty reduction and social stability in the country.

Nadada Umar charged all stakeholders to work hard to ensure that results were produced for all to see “so that at the end of the day, we would have achieved our given mandates”.

SMEDAN, he said would support NFC with funding windows available to Nigerian entrepreneurs such as the SME credit guarantee scheme introduced by the Central Bank of Nigeria, CBN, and the funding scheme of the National Economic Reconstruction Fund, NERFUND.