SMEDAN Registration

Small and Medium Enterprises Development Agency of Nigeria – SMEDAN

In order to promote and support the development of a structured and effective Micro, Small, and Medium Enterprises (MSMEs) Sector that will increase sustainable economic growth in Nigeria, the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) was founded in 2003.

The organization is in charge of nation-wide MSME sector promotion and development. The SMEDAN certificate is a significant piece of documentation that shows your company has been properly registered with SMEDAN.

This certificate is significant since it might be required when requesting government assistance.

Having a SMEDAN certificate, You can simply apply for loans and support funding both domestically and abroad after you have your diploma.

Additionally, it gives you access to financial aid from both the public and commercial sectors. Your chances of accomplishing your business objectives and growing it to the next level rise if you have access to these financial alternatives.

The enabling Act’s description of SMEDAN’s mandate can be summed up as follows:

Encouraging, supervising, and coordinating the growth of the MSMEs sector;

Developing and communicating policy proposals for the growth and development of small and medium-sized businesses;

Accelerating the growth and modernisation of MSME operations by promoting and enabling development programs, tools, and support services;

Being a leader in rural industrialization, reducing poverty, creating jobs, and improving livelihoods;

Establishing connections between MSMEs and large businesses, as well as with internal and external sources of funding, suitable technology, and technical expertise;

Encouraging the use of and granting access to industrial facilities including layouts, incubators, and industrial parks;

Serving as a liaison between MSMEs and the government (SMEDAN is the MSMEs’ voice)

It works together with other organizations in the public and commercial sectors to develop a favorable business environment in general and an environment that is particularly favorable for MSME activity.

*SMEDAN can assist in making financing more accessible to your company.

*Encourage, oversee, and coordinate the growth of micro, small, and medium-sized businesses (MSMEs).

*Develop and put into practice policies that are supportive of MSMEs’ expansion.

“Participate in capacity building.

*Assist MSMEs in gaining access to credit and other sources of funding.