The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has launched a variety of strategic programmes to support entrepreneurs, drive economic growth, and strengthen the capacities of Micro, Small, and Medium Enterprises (MSMEs) across the country.
Educational funding
SMEDAN Conditional Grant Scheme for Micro Enterprises for strictly for small business owners.
This government scheme supports nano businesses by providing conditional financial grants for workforce support and equipment procurement. It is designed to stimulate job creation and business sustainability at the grassroots level.
Eligibility:
- Nano businesses operating at the Local Government Area (LGA) level.
Benefits of CGS:
- Participants receive financial assistance tailored to their business needs.
- Each nano business is granted ₦50,000 on the condition that they employ at least one person, thereby promoting employment and strengthening local economies.
