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SMEDAN opens N5m loan application portal for SMEs


By Our Correspondent

The Small and Medium Enterprises Development Agency of Nigeria, SMEDAN, says it will open its portal Tuesday (tomorrow) for receiving applications from small business owners for N1.2 million to N5million loan.

The Director-General and Chief Executive Officer of SMEDAN, Dr. Dikko Radda, in a statement issued by the Corporate Affairs Unit of the Agency, said the loans would be funded from the SMEDAN-BOA Matching Fund Programme for small businesses.

Mr Radda said the opening of the programme portal would be a promotional intervention meant to deliver credit to the small businesses to enhance enterprise output, competitiveness and jobs creation.

He also stated that the disbursing entity, under the programme, shall be the Bank of Agriculture, BOA.



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