The Plateau State Microfinance Development Agency (PLASMIDA) organized a workshop for Micro, Small, and Medium Enterprises (MSMEs) on December 19, 2024. The event, themed “Empowering MSMEs for Growth: Navigating Regulations,
Access to Finance, and Building Digital Competence,” took place at the Villa Grande Hotel.In his opening remarks, Arc. Samuel Jatau, Secretary General of Plateau State, emphasized the importance of MSMEs in driving economic growth and development.
He commended PLASMIDA’s efforts in empowering MSMEs and fostering entrepreneurship.Hon. Bomkam Ali Wuyep, Director General of PLASMIDA, appreciated the support of the Plateau State Government and the presence of distinguished guests.
He highlighted PLASMIDA’s achievements, including the reconstitution of the MSME council, establishment of the MSME Development Fund, and creation of the Plateau Job Centre.
PLASMIDA’s efforts have been supported by international donors, including the Deutsche Gesellschaft fur internationale Zusammenarbeit (GIZ).The workshop featured presentations from experts, including Dr. Jim Pam Wayas, Chairman of the Plateau State Internal Revenue Service. Dr. Wayas spoke on taxation, emphasizing the importance of tax compliance for MSMEs.
He encouraged entrepreneurs to take advantage of tax incentives and exemptions available to them, while also stressing the need for proper tax planning and record-keeping to avoid penalties and fines.Other experts, including Engr. Kenneth Joseph Shawo, discussed topics such as the role of the Standard Organisation of Nigeria (SON) in ensuring product quality and safety.
The event aimed to empower MSMEs with the knowledge and skills necessary to navigate regulations, access finance, and build digital competence, ultimately driving growth and development in Plateau State.