Small business owners in Nigeria have a fresh opportunity to access government funding as the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) reopens its Conditional Grant Scheme.
The programme provides qualified nano and micro enterprises with a one-off N50,000 grant that beneficiaries are not expected to repay.
The funding is intended to give small businesses additional resources to strengthen their day-to-day operations, invest in growth and increase their workforce.
However, the grant comes with a job creation condition. Businesses that benefit from the scheme are required to employ at least one additional worker.
Why SMEDAN is offering the grant
