The Small and Medium Enterprises Development Agency of Nigeria has reviewed the selection process of beneficiaries for a N5bn credit facility allotted meant for small businesses in the country.With the new procedure, the agency has mandated the submission of Corporate Affairs Commission certificate and Tax Identification Number as a compulsory …
Read More »CAC and SMEDAN Partner to Catalyse SME Growth and Create 10000 Jobs
The Corporate Affairs Commission (CAC) is making arrangements to partner with the small and mediumEnterprises DevelopmentAgency of Nigeria (SMEDAN) to create 10,000 jobs, amongst others. This was revealed during a meeting between the Registrar-General of the CAC, Hussaini Ishaq Magaji, SAN, and the Director General, SMEDAN, Mr. Charles Odii. The …
Read More »SMEDAN compiling names of eligible businesses for palliative – DG
The Federal Government through the Small and Medium Enterprises Development Agency says it is currently collating accurate data on businesses eligible to access the N200bn palliative earmarked by the Tinubu-led government for small and medium-scale businesses.According to the agency, efforts have been made to update current data to ensure there …
Read More »Nigeria Launches Stimulus Schemes for MSMEs
The Federal Government on Thursday inaugurated two schemes to support Micro, Small and Medium Enterprises (MSMEs), to cushion the effects of COVID-19 and save over 100,000 small businesses. The two schemes, Survival Fund and the Guaranteed Off-take Stimulus Schemes, were under the Nigeria Economic Sustainability Plan (NESP) of President Muhammadu …
Read More »