The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) Grants begin, and here is how you can apply. If you are an entrepreneur and want funding for your businesses or start-ups, you can apply for the ongoing SMEDAN Grants Today and get credit in minutes.
SMEDAN is a government agency established in 2003 to help promote Nigeria’s micro, small, and medium enterprises (MSMEs) sector.
Conditional Grant Scheme
SMEDAN recently announced its CGS program, which gives grants to nano businesses to support their workforce and ensure that they can procure equipment. Participants in the Conditional Grant Scheme (CGS) for micro-enterprises receive financial assistance tailored to their business needs.
These nano businesses get a sum of ₦50,000 grants on the condition of employing one person to encourage job creation.
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At the Delta North zone launch in Asaba, SMEDAN Director-General Charles Odii explained that the program targets “NANO businesses” with fewer than three employees and annual revenues below N3 million. He noted that the initiative is designed to provide immediate financial relief, empowering small businesses to grow, generate more income, and contribute to the national economy.
Odii emphasized the grant’s significance in addressing current economic challenges: “Poverty knows no political party, sex, or age. A hungry man is an angry man, and hunger leads to unrest. We’re providing both short-term financial relief and long-term capacity-building solutions.”
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SMEDAN Conditional Grant Scheme Requirement
Before you Register for the Conditional Grant Scheme for Micro Enterprises, please read the requirements below to get credited.
- Full Name
- Years in business
- Business name
- CAC Number
- Your address
- Bank verification Number (BVN)
- Industry
How to apply For the SMEDAN Conditional Grant Scheme
To apply for the ongoing Conditional Grant Scheme, all interested applicants are to visit the SMEDAN Application portal here. And Provide all required information.