SMEDAN & Enugu Govt: N1B Fund Boost for Small Businesses


Good News for Enugu Businesses! N1 Billion Fund Launched to Help Small Businesses Grow

Exciting news for small business owners in Enugu! The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) and the Enugu State Government (ENSG) have joined forces to launch a brand new N1 billion Matching Fund Programme.

This program aims to make it easier for small businesses to access affordable loans, helping them grow and thrive.

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Here’s the breakdown:

  • What is it? A N1 billion fund that provides loans to small businesses in Enugu State.
  • Who’s involved? SMEDAN, ENSG, and Sterling Bank PLC are working together to make this happen.
  • Why is it important? Small businesses are crucial for economic growth, and this program will help them create jobs, innovate, and contribute more to the state’s economy.
  • How can I join? Make sure you’re registered with the State MSME Database at www.enugusme.en.gov.ng/msmedata. Keep an eye out for more details on eligibility and how to apply from the Enugu SME Center.

Key points to remember:

  • This program offers single-digit interest rates, making loans more affordable for businesses.
  • It’s part of a bigger plan to make Enugu a hub for enterprise and innovation in Nigeria.
  • Registering with the State MSME Database is the first step to participating.

This is a great opportunity for small businesses in Enugu to get the financial support they need to grow.

Don’t miss out! Stay tuned for more information and get ready to take your business to the next level.

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