Great news to all hardworking young Nigerians throughout the country! The federal government is thrilled to provide the SMEDAN Grant and loan with little or no-interest loans to all successful micro and small businesses (MSMEs) within the country.
SMEDAN gives you access to government and private sector benefits to help you grow your small or medium-scale business faster.
Seeking a step-by-step guide to applying for the Federal Government’s ongoing SMEDAN loan? If so, you’re on the correct course.
In this post, I will walk you through the process of successfully registering and funding your small or large business with the Federal Government’s SMEDAN 1,500,000 loan. This procedure is straightforward.
What is SMEDAN about?
SMEDAN was created to help small and medium-scale businesses and business owners by providing them with the right tools for faster growth.
The SMEDAN–Small and Medium Enterprises Development Agency of Nigeria was first initiated by the Federal Government in 2003 as the SMEDAN Act, aiming to enhance the development of small and large enterprises to boost the Nigerian economy.
Requirements for the SMEDAN Grant
- A registered business name
- Your Business Registration Number ( RC or BN)
- The State in which the business operates
- The type of business
- Age of Business(Number of years of operation)
- Phone Number and your government name
- SMEDAN Unique Identification Number
What is the SMEDAN Unique Identification Number? and how to get it
To access this grant, applicants must first register their business with SMEDAN and get access to government or private sector benefits.
STEP ONE:
Visit SMEDAN registration portal at smedanregister.ng/register
STEP TWO:
The below information will be required to continue the registration. Ensure you provided SMEDAN with the accurate information.
- Business Name
- Phone number
- Business premises you operate from
- Business Type
- Product or Service
- Are you registered with CAC?
- Business by assets value
- Number of staff
- Business Owner Information
- Office address
STEP THREE:
Provide and fill in the above-required information and click on submit. After successful registration, SMEDAN will send an an email to you containing your SMEDAN Unique Identification Number (SUIN
Summary:
Interested participants are urged to register their businesses and join thousands of Nigerians already enjoying loans and funding benefits.