This is to inform the general public of the Small and Medium Enterprises Development Agency(SMEDAN) and Jaize Bank Plc financing Initiative aimed at boosting the capacity of the micro and small enterprise(MSEs) across the country has begun in earnest.
As indicated by the Corporate Affairs Division of the Agency in Abuja, quoted the Director-General and Chief Executive officer of SMEDAN, Dr. Dikko Umaru Radda as saying that two institutions are determined to see this project work in the interest of Nigerian MSEs
He said the Matching Fund initiative which opened its portal to the public, on 22nd February 2022, is a promotional intervention meant to deliver credit, to the agri-business sub-sector, to enhance enterprise output, competitiveness, and jobs creation.
He also stated that the disbursing entity, under the program, shall be Jaiz Bank Plc, which is the Agency’s latest partner on the initiative.
SMEDAN added that target beneficiaries shall be labor-intensive micro or small enterprises (MSEs) producing value-added products while operators in primary agriculture and warehousing shall also be considered.
He, therefore, called for applications from all suitably-qualified MSEs in Katsina, Kogi, Bauchi, and Adamawa (i.e. current window) to apply for the program.
Radda also stated that prospective beneficiaries, who must be registered with SMEDAN, may apply for financing within the range of N1.2 million to N5 million, noting that the financing is on business-friendly terms.