SMEDAN N5B Student Entrepreneurship Grant


SMEDAN N5B Student Entrepreneurship Grant


Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has commenced the disbursement of a N5 billion grant aimed at supporting student entrepreneurs, starting with the North-West geopolitical zone. 

  • This initiative aligns with the Federal Government's commitment to empowering Nigerian youths and fostering economic growth through entrepreneurship.
  • The N5 billion grant is designed to provide financial support to students with viable business ideas, enabling them to kickstart or expand their entrepreneurial ventures By focusing on the North-West region initially, the program aims to address regional disparities and promote inclusive economic development.

Benefits for Nigerian Youths

  • Financial Empowerment: Provides students with the capital needed to start or grow their business.
  • Skill Development: Encourages the acquisition of entrepreneurial skills and practical business experience.
  • Economic Growth: Stimulates local economies by supporting small businesses and creating job opportunities.
  • Innovation Promotion: Fosters a culture of innovation and problem-solving among the youth.

How To Apply:

Students interested in applying for the grant can visit [SMEDAN’s official website] https://smedan.gov.ng for more information and application guidelines.

  • The application process involves submitting a detailed business plan and demonstrating the potential impact of the proposed venture.

Successful applicants will receive grants to support their business activities.

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