Bayelsa shines again, wins 2017 world SME excellence award

The Bayelsa State Microfinance and Enterprise Development Agency (BYMEDA) has gained international recognition when it bagged the 2017 World SME Excellence Award.

The global award was bestowed on the agency at the Habitat Center in New Delhi, India during the 21st International Conference on SME’s jointly organized by the World Association for Small and Medium Enterprises (WASME) and Grant Thorton International in the ”Organisation Category” –

The promoters of the award said the Bayelsa State Micro-finance and Enterprise Development Agency was recognised as a Champion in promotion, support and development of the micro, small and medium enterprises ecosystem.

They particularly made reference to the agency’s efforts at spearheading and attracting over N4Billion naira which is equivalent to over $10million USD to entrepreneurs in the sub-sector and also generation of over 7,000 direct & indirect jobs.

Director-General of the agency, Ebiekure Jasper Eradiri, who received the award from the Minister of Business, Enterprise & Cooperatives, Government of Mauritius, Hon.Soomilduth Bholah, ‎expressed surprise at the award but attributed it to hard work and dedication.

Eradiri in his remarks dedicated the Award to God Almighty and gave the credit to Governor Henry Seriake Dickson for giving‎ humongous support to the MSME Subsector in the last 5 years in line with his promise to give massive and robust support to the subsector inorder to stimulate and re-engineer the economic Growth of the Bayelsa State.‎

He stated that the global recognition will greatly spur the agency in its drive for creating possibilities, provisions and prosperity for entrepreneurs and assured that in 2018 the agency will kickstart its signature project known as ”the Project 10 SME Challenge” to create 30,000 jobs directly‎ & indirectly by the year 2020.‎

The DG disclosed that the project would be formally launched with Development partners to achieve the objective which will also assist the United Nations Sustainable Development Goals 1, 8 & 9.

Meanwhile Yenagoa City in Bayelsa State, Nigeria has been approved to host the 2018 Africa SME Roundtable Event from March 1-3, 2018.

The event is a gathering of SME Policy/decision makers, entreprenures, Academia, Angel investors,  Venture Capitalists, SME finance institutions, international donor Agencies‎, Development Finance Institutions, African leaders, among others.

As part of the highlights, an African SME umbrella body will be formally launched during the event to spearhead the advocacy and promote the interests of African SMEs within the African Union and United Nations respectively.

This will be the second time Yenagoa will host an SME confab where decisions taken will have global impact, the first being the 20th International Conference on SMEs edition of the World Association for Small & Medium Enterprises (WASME) co-hosted in 2014.