SMEDAN is a corporate body aimed at helping small medium enterprises grow, as the name perhaps suggests. SMEDAN in partnership with the Federal republic of Nigeria is giving out sizable loans to business owners in order to help facilitate economic growth in the country as a new government sets out to provide stability.
A statement by the Corporate Affairs Division of the Agency in Abuja, quoted the Director-General and Chief Executive Officer of SMEDAN, Dr. Dikko Umaru Radda saying that the 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 job creation.
He also stated that the disbursing entity, under the programme, shall be Jaiz Bank Plc, who is the Agency’s latest partner on the initiative.