Kabir MustaphaSMEDAN ₦50000 Conditional Grant Scheme (CGS) for Micro Enterprises 2025
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has rolled out the ₦50,000 Conditional Grant Scheme (CGS) for Micro Enterprises as part of its ongoing efforts to empower Nigerian entrepreneurs, promote inclusive economic growth, and strengthen the micro-business sector nationwide.
This initiative is specifically designed for nano and micro-business owners operating at the Local Government Area (LGA) level.
About the SMEDAN Conditional Grant Scheme (CGS)
The CGS is a government-backed financial empowerment initiative that provides conditional grants of ₦50,000 to qualifying micro enterprises. The scheme focuses on small-scale businesses that are often overlooked by traditional financing methods.
It is part of SMEDAN’s broader strategy to:
- Stimulate grassroots entrepreneurship
- Reduce unemployment through micro-job creation
- Enhance business sustainability and capacity development
Who Is Eligible to Apply?
To qualify for the ₦50,000 Conditional Grant:
- You must operate a nano or micro enterprise at the LGA level
- Your business must be actively running and verifiable
- You must be willing to employ at least one additional staff member using the grant
- Only genuine small business owners will be considered
Examples of eligible businesses include petty traders, local artisans, food vendors, barbers, tailors, and other small-scale service providers.
Benefits of the ₦50,000 Conditional Grant
- ₦50,000 cash grant tailored to your business needs
- Funding can be used for equipment purchase, inventory restocking, or operational support
- Recipients benefit from free business development services and training by SMEDAN
- Encourages job creation and local employment
- Opens doors to future SMEDAN programs and national micro-finance initiatives
Why You Should Apply
This is a rare opportunity to receive non-repayable financial support to grow your small business.
- No collateral required
- No repayment obligation (as long as grant conditions are fulfilled)
- Full support and training included
How to Apply for SMEDAN ₦50K Grant 2025
Application is open to all eligible micro and nano entrepreneurs across Nigeria.
Application Deadline
The application deadline will be announced by SMEDAN in due course. Apply early to secure your spot as spaces may be limited and highly competitive.
Apply here
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