The Delta State Micro, Small & Medium Enterprises Development Agency came into lime light as a result of a parliamentary bill signed into law by the then Governor of Delta State, Dr. Emmanuel Eweta Uduaghan on the 20th of October 2014.It is important to note that the Agency metamorphosed from the Delta State Micro-Credit programme.
Delta State Micro, Small & Medium Development Agency (DEMSMA) is a public sector corporate body which coordinates and promotes the development of Micro, Small & Medium Enterprises on behalf of the Delta State Government. We focus on strategic Agricultural financing programmes, facilitate, encourage and support the extension of financial services to MSMEs without prejudice.
The Agency enters into partnership and collaboration with financial institutions, development partner, NGOs and faith based organization. DEMSMA also serves as a vanguard and focal point for rural economic development, poverty alleviation eradication, technology acquisition and adaptation, job creation and sustainable livelihood.
Micro, Small & Medium Enterprises form the main thrust of every economy contributing about 70 percent of the GDP and employing 75 percent of the population both in the rural and urban centres. This trend has not been true for Nigeria where the financial sector shows a preference for large multi nationals and big trading companies to the detriment of other sectors and strata of the economy.
The economic development of Delta State under the present administration will target the realization of the above through its clearly articulated SMART Agenda. Critical to this achievement, is the overwhelming role the Delta State Micro, Small & Medium Enterprises Development Agency (DEMSMA) will have to play.
To carry out the dreams and aspirations of the state government through boosting the economic status of Deltans, His Excellency the Governor of Delta State, Senator Dr. Ifeanyi Okowa saw the need to appoint Mrs. Shimite Bello to be at the helms of Affairs in the Delta State Micro Small & Medium Enterprises Development Agency, to ensure that Deltans heave a sigh of relief.