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The Small and Medium Enterprises Development Agency of Nigeria, SMEDAN has announced that its Matching Fund Programme which is in partnership with the Bank of Agriculture, BOA is still ongoing.
The alliance aims to boost the capacity and output of Micro and Small Enterprises (MSEs) across Nigeria through the Matching Fund Programme.
This is the second edition of the fund initiative which targets labour-intensive micro or small enterprises (MSEs), operating in the real sector as the press statement by the Director-General/Chief Executive Officer of SMEDAN Dr Dikko Umaru Radda stated.
- Updated order for company and business registration with CAC
- How to register and get SMEDAN number and business certificate
More so, it will deliver credit to the sub-sector as a promotional mechanism to enhance output, competitiveness and job creation.
The Bank of Agriculture, BOA is in charge of fund disbursement under the fund initiative programme.
Application to the SMEDAN matching fund initiative opened on March 30 2021 to qualified MSEs in the Plateau, Kano, Edo, and Imo states.
About SMEDAN matching fund initiative
- Prospective beneficiaries must be registered with SMEDAN.
- Loan application would range between N1.2 million to N5 million at an interest rate of 9%/1yr.
- The tenor is about 30 months.
- Use the link to download the details SMEDAN matching fund initiative – SMEDAN-BOA MATCHING FUNDS.
Existing MSME in Agric-business located in Kano, Edo, Plateau and Imo can visit the programme portal at https://www.simplifiedcredit.net/matching-fund/screening to apply.
- SMEDAN Registration – Fix issue and get an identification number
- CBN stimulus package for households and MSMEs reopens for application at NIRSAL, MFB
The SMEDAN and BOA fund initiative is an intermittent programme and will get to other states in Nigeria forthwith.
