The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has launched a new ₦5 billion grant initiative to empower young student entrepreneurs across the country. Disbursement has officially begun in the North-West region, supporting youth-led economic growth.
Purpose of the Grant:
This initiative provides financial support to students with innovative business ideas, helping them launch or expand their ventures. The program promotes inclusive growth by targeting underserved areas first.
Key Benefits:
• Financial Support: Capital funding to launch or grow small businesses.
• Skill Development: Hands-on learning and entrepreneurial experience.
• Local Job Creation: Boosts small business activity in communities.
• Youth Innovation: Promotes problem-solving and creative thinking.
Application Guidelines:
2. Review the eligibility and program requirements.
3. Prepare a detailed business plan.
