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  SMEDAN – the Small and Medium Enterprise Development Agency of Nigeria – has embarked on a mass registration of MSMEs in Nigeria. Businesses which register with the agency are eligible for loans, grants, insurance, training and other forms of government and private sector support.
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What is SMEDAN?

SMEDAN is a government agency with the responsibility of supporting, monitoring and developing the MSME segment of the Nigerian economy. Since its establishment in 2003, it has initiated several programs and provided resources aimed at equipping small businesses to scale and thrive. They include financial aid, training, and enterprise toolkits.
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What You Could Gain from Registering with SMEDAN

Here are some benefits your business will enjoy following its registration with SMEDAN:
  • Access to financial support such as loans and conditional grants from government and private sector sources
  • Get trained by business experts, have an audience with consultants, and be mentored by experienced professionals
  • Access to government contracts and broader markets
  • Be eligible for tax incentives and other official exemptions
  • Boost exposure and visibility by being included in SMEDAN’s database
  • Improved perception of credibility among customers and potential investors
  • The chance to network and partner with other businesses
  • Access to information regarding business regulations (new laws, changes to existing ones, and compliance)
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How to Register

Take these steps to register with SMEDAN:
  • Step One: Visit the SMEDAN registration website (linked at the end of this article)
  • Step Two: Provide the following information, as requested: business name, phone number, business location, business type, product or service, asset value, number of staff, evidence of registration with CAC (Corporate Affairs Commission), and information concerning the business owner
  • Step Three: Submit the registration form along with business registration documents, proof of ownership and other items on the website
  • Step Four: After you have completed the registration process, you will receive an email containing your SMEDAN Unique Identification Number (SUIN)
If you would like to register with SMEDAN, you can do so HERE. Featured Image Source: SMEDAN
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This article was first published on 4th May 2023

ikenna-nwachukwu

Ikenna Nwachukwu holds a bachelor's degree in Economics from the University of Nigeria, Nsukka. He loves to look at the world through multiple lenses- economic, political, religious and philosophical- and to write about what he observes in a witty, yet reflective style.

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