Apply with link: FG Announces New Grants For Nigerian Business Owners To Expand, Employ
MEDAN has announced a new initiative to aid the expansion of Nigerian businesses for job creation
Every business owner in Nigeria now has a chance to receive a grant to grow their business if they can fulfill the criteria
Federal Government hopes this initiative will help reduce Nigeria’s unemployment figures
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has announced the launch of a conditional grant scheme to empower small businesses to be employers of labour.
SMEDAN in statement said the grant scheme was launched during the inauguration of its headquarters in Abuja on Wednesday, December 20, 2023.
How SMEDAN grant scheme will work?
According to the agency, the scheme is an initiative designed to empower SMEs by providing grants with the condition that recipients employ at least one person.
SMEDAN noted that the scheme will improve access to finance and address unemployment challenges.
Doris Uzoka-Anite, minister of industry, trade, and investment who was at the event, the statement said described the conditional grant scheme as a strategic intervention aimed at providing financial support to deserving nano and micro-enterprises, ensuring they have the necessary resources to scale and contribute meaningfully to the nation’s economic prosperity.
Uzoka-Anite also commended SMEDAN for being a pivotal force in driving economic empowerment, job creation, and industrial development across the nation.
Commenting on the new headquarters, SMEDAN said it houses innovative work hubs, common facility centres equipped with cutting-edge technological tools, industrial sewing machines, and woodwork machinery.