Just another News Updates
In a bid to accelerate economic growth, the Federal Government is exploring measures to ensure the swift disbursement of loans to Medium, Small, and Micro Enterprises (MSMEs) within a 14-day timeframe. This move aims to curtail business closures resulting from prolonged loan approval processes. Temitola Adekunle-Johnson, the Senior Special Assistant to the President, revealed this […]
No fewer than 200,000 small-scale businesses have expressed their interest in securing credit facilities totaling N5bn from the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN). This development stems from a collaborative agreement between the agency and Sterling Bank, aiming to distribute loan options ranging from N250,000 to N2,500,000 at a single-digit interest rate […]
The Small and Medium Enterprises Development Agency, on behalf of the Federal Government, is currently in the process of gathering accurate data on businesses that qualify to access the ₦200 billion palliative funds earmarked by the Tinubu-led government for small and medium-scale businesses. The agency has taken significant steps to update existing data, ensuring there […]