The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) and the Bank of Agriculture (BOA), as partners, continue their synergy towards boosting the capacity and output of Micro and Small Enterprises (MSEs) across the country with a Matching Fund Programme.A press statement issued by the Corporate Affairs Unit of the Agency in Abuja, quoted the Director General/Chief Executive Officer of SMEDAN Dr. Dikko Umaru Radda, as saying the two agencies are determined to forge ahead with this project in the interest of Nigeria MSMEs.
He said the monitoring Fund initiative, now in its second edition, is an intervention meant to deliver credit to the sub-sector as a promotional mechanism to enhance output, competitiveness and job creation. He stated that the disbursing entity, under the programme shall be the Bank of Agriculture.
‘’Target beneficiaries for this programme shall be labour-intensive micro or small enterprises (MSEs), operating in the real sector. These shall ideally have innovation value-added products that are establishment footprint in the Nigeria market, and require additional funds to increase output,’’ the statement said.
He therefore called for applications from all suitably-qualified MSEs located in the Plateau, Kano, Edo, and Imo states to apply for the programme through its portal beginning from 30th March, 2021.
It also stated that prospective beneficiaries who must be registered with SMEDAN may apply for loans within the range of N1.2 million to N5 million at an interest rate of 9 percent per annum, given a tenor of about 30 months. Please click to download the details. SMEDAN-BOA MATCHING FUNDS
To apply for this Programme please click on this link https://www.simplifiedcredit.net/matching-fund/screening
Looking for a job
Thanks but at the moment we are not employing , please follow us on our social media handles to know when we are employing
What categories of businesses do you consider as MSEs?
Please visit http://www.smedan.gov.ng for more details
Thanks, please visit http://www.smedan.gov.ng/download and download the latest version ops MSME Policy sir. all the categories and definitions are there. Once again Thanks
Thank you sir
Thanks for this
Your notification acknowledge with thanks. However, I want to know why it’s limited to just 4 states of which Osun is not inclusive.
Sorry about that sir, but the program is been executed in phases, soon it will get to Osun state
Availability of funds sir, that is just the simple reason, but be assured it will get to Osun State soon
Thanks sir/ma. Can a MSEs owner who has benefited from covid19 relief loan really needs more fund for the purchase of equipment apply?
yes please if you meet our criteria
Thanks you very much
I love the program but I can’t register successfully because there is no space to fill in my Smedan Number, NAFDAC Number and TIN Number but only CAC Number. Please Sir/Ma, can you help me on how to get the right link so I can apply successfully. I am from Imo state and I have all the requirements. Thanks for your support while I wait for your reply Sir/Ma.
Sorry about that sir , please click and read the article, at the end there is a link to apply, when you click on the link it will ask a few questions and your response to those questions will determine if you are qualified for the program or not. All the best sir
Good morning. Please when likely is your Microfinace Bank Commencing operations
soon but follow us on our social media handles for more information as it comes
For those who successfully applied since January and yet no feedback from SMEDAN. What is their status?
You will be contacted please , that is if you are successful only, please take note