SMEDAN Launches ₦5 Billion Grant for Young Student Entrepreneurs

The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has launched a new ₦5 billion grant initiative to empower young student entrepreneurs across the country. Disbursement has officially begun in the North-West region, supporting youth-led economic growth.

Purpose of the Grant:

This initiative provides financial support to students with innovative business ideas, helping them launch or expand their ventures. The program promotes inclusive growth by targeting underserved areas first.

Key Benefits:

•  Financial Support: Capital funding to launch or grow small businesses.

•  Skill Development: Hands-on learning and entrepreneurial experience.

•  Local Job Creation: Boosts small business activity in communities.

•  Youth Innovation: Promotes problem-solving and creative thinking.

Application Guidelines:

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1. Visit the official website: https://smedan.gov.ng

2. Review the eligibility and program requirements.

3. Prepare a detailed business plan.