SMEDAN, BOA Target MSMEs with Matching Fund Programme

Director General, Small & Medium Enterprises Development Agency of Nigeria (SMEDAN),,Dr Dikko Radda (Middle), Chairman Governing Board, SMEDAN, Otunba Femi Pedro (4th Right), , Representative of the Commissioner ,Lagos Ministry of Wealth Creation & Employment/Director, Entrepreneurship Development in the Ministry , Mrs Taiwo Abiose (3td Right) and participants at the official flag-off ceremony of the National Business Skills Development Initiative organized by SMEDAN, in Lagos
SMEDAN, NIDCOM to Empower 1,397 MSMEs
October 20, 2020
SMEDAN LOGO
2021 SMEDAN PROJECT EXPRESSION OF INTEREST AND INVITATION TO TENDER ZONAL INTERVENTION
March 31, 2021
BOA-SMEDAN MATCHING FUND PROJECT

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

 

22 Comments

  1. Samuel Joseph says:

    Looking for a job

    • admin says:

      Thanks but at the moment we are not employing , please follow us on our social media handles to know when we are employing

  2. Joseph Pius says:

    What categories of businesses do you consider as MSEs?

  3. YAHAYA GIDADI says:

    Good program

  4. Abubakar Mohammed says:

    Good program

  5. ABBA says:

    Thanks for this

  6. Oyegoke Anthony says:

    Your notification acknowledge with thanks. However, I want to know why it’s limited to just 4 states of which Osun is not inclusive.

    • admin says:

      Sorry about that sir, but the program is been executed in phases, soon it will get to Osun state

    • admin says:

      Availability of funds sir, that is just the simple reason, but be assured it will get to Osun State soon

  7. Osunlana Samson Bolade says:

    Thanks sir/ma. Can a MSEs owner who has benefited from covid19 relief loan really needs more fund for the purchase of equipment apply?

  8. Salisu says:

    Nice program

  9. Ebeku Clinton says:

    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.

    • admin says:

      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

  10. CHINENYE says:

    Good morning. Please when likely is your Microfinace Bank Commencing operations

  11. Peter Ijai says:

    For those who successfully applied since January and yet no feedback from SMEDAN. What is their status?