SMEDAN Begins 2023 Registration For Loans, Grants, Others

Small and Medium Enterprise Development Agency of Nigerian (SMEDAN) has commenced the 2023 registration for Small and Medium Enterprises (SMEs) to make them eligible for a range of benefits, including loans, grants, government assistance, and other resources for the year.
The opportunity was made known through the Director General of SMEDAN Mr Olawale Fasanya in their website.
Fasanya said the opportunity would help to grow small businesses and also provide access to benefits that will support them, as well as make resources available to help SMEs succeed.
“Loans can provide a small business with the necessary capital to start or expand operations. Loans can be customised to meet the specific needs and goals of a business.
“Making timely loan payments can help a business improve its credit score, which can be useful when seeking a loan or future investment.
“With access to capital, businesses may be able to pursue new opportunities for growth and expansion”, he said.
He advised small and medium enterprises to take advantage of the SMEDAN support by becoming more competitive in their respective markets.
“It can help small businesses access resources, such as funding and training, that may not be available to them.
“It can provide opportunities for small business owners to connect with other businesses and industry experts, resulting in valuable partnerships and collaborations”, he said.
According to the SMEDAN DG, the specific requirements and procedures for registering a small or medium business with SMEDAN vary, depending on the nature of one’s business and its location in Nigeria.
Plays a vital role in supporting the development of small and medium enterprises in nigeria. through its various programmes, it can provide businesses with access to capital, resources and expertise that can help them grow and succeed.
“SMEDAN’s efforts benefit both the private and government sectors, as small and medium enterprises are important drivers of economic growth and job creation”, Fasanya said, “SMEDAN.

By: Lilian Peters