FG Opens New Grant Under SMEDAN To Boost Nigerian Businesses – Apply Now

In a bid to foster economic growth and tackle unemployment, the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has unveiled an exciting opportunity for Nigerian business owners. The Federal Government’s latest initiative introduces a conditional grant scheme aimed at empowering small businesses and encouraging job creation.

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• 1 How the SMEDAN Grant Scheme Works
• 2 State-of-the-Art Facilities and Innovation
• 3 How to Apply for the SMEDAN Grant
• 4 Additional Opportunities: Presidential Conditional Grant
• 5 Related

How the SMEDAN Grant Scheme Works

According to SMEDAN, the grant scheme operates with a unique approach – recipients are provided financial support on the condition that they employ at least one person. This strategic intervention seeks to enhance SMEs’ access to finance while directly addressing the pressing issue of unemployment in Nigeria.

Doris Uzoka-Anite, the Minister of Industry, Trade, and Investment, praised the conditional grant scheme as a vital step towards supporting nano and micro-enterprises. She highlighted the scheme’s role in providing the necessary resources for these businesses to scale and contribute significantly to the nation’s economic prosperity.

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State-of-the-Art Facilities and Innovation

The announcement was made during the inauguration of SMEDAN’s headquarters in Abuja on December 20, 2023. The new headquarters boasts innovative work hubs and common facility centers equipped with cutting-edge technological tools, industrial sewing machines, and woodwork machinery. This move underscores SMEDAN’s commitment to driving economic empowerment, job creation, and industrial development across the nation.

How to Apply for the SMEDAN Grant

For Nigerian business owners interested in this opportunity, the application process is accessible through the SMEDAN Grant Portal. The agency emphasizes that every business owner in Nigeria has a chance to receive a grant to grow their business, provided they meet the specified criteria.

Additional Opportunities: Presidential Conditional Grant

In a related development, the Nigerian government has also opened an application portal for its presidential conditional grant for nano businesses under the presidential palliative programme. This initiative offers a grant of N50,000 per beneficiary to support one million small businesses across the country.

For those seeking more information on the SMEDAN grant scheme or looking to apply for business loans, detailed resources are available on the official SMEDAN Loan Portal.

Don’t miss out on this opportunity to boost your business and contribute to Nigeria’s economic growth. Apply now and be a part of the transformative journey towards a more prosperous future.

For SMEDAN Grant: Apply Here

For SMEDAN Loan: Apply Here

READ ALSO: FG Opens Build-A-Thon Program for Nigerian Students – Apply Now

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