Smedan Matching Fund Programme (Get up to 5 million Naira)
The Nigerian Small and Medium Enterprises Development Agency (SMEDAN) and the Bank of Agriculture (BOA), eager to create synergy in key areas of their respective mandates, jointly planned an intervention – counterpart for MSEs – to stimulate the production of micro and small enterprises (MSEs) across the country.
A press release issued by the Agency’s General Affairs Unit in Abuja quoted the Director General / CEO of SMEDAN, Dr Dikko Umaru Radda, as saying that the two agencies are committed to implementing successfully implement the program for the benefit of Nigerian MSEs.
Smedan Matching Fund Programme 2020 Application Form
ELIGIBILITY
“The target beneficiaries of this program will be labor-intensive micro or small enterprises (MSEs), operating in the real sector. These should ideally have innovative, value-added products that establish a footprint in the Nigerian market and require additional funds to increase production, ”the managing director said.
Matching Fund Programme
BENEFITS
Potential beneficiaries who must be registered with SMEDAN (note that free registration is still ongoing)
Applicants can apply for loans in the range of N1.2 million to N5 million on business-friendly terms. The latter includes the waiver of guarantees. Applications from all fully qualified MEPs located in the Federal Capital Territory (FCT), Kaduna and Oyo states to apply for the program.
Important Date
He said the Match Fund initiative, which will start on Tuesday, December 15, 2020, with the opening of the program portal, is an advertising intervention aimed at providing sub-sector credit, with the goal of third is to improve business production, competitiveness and job creation. . He also said that the disbursement unit under the program would be Agricultural Bank Ltd (BOA).
Smedan BOA Application portal will be released soon, check back
SMEDAN, BOA Open N5m Loan Application For Small Businesses
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