Apply Now: SMEDAN ₦50,000 Conditional Grant Scheme for Micro Enterprises 2025

The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has officially opened applications for its 2025 ₦50,000 Conditional Grant Scheme (CGS), specifically designed to empower micro-businesses and stimulate economic activity at the grassroots level.

This initiative is part of SMEDAN’s broader commitment to support entrepreneurship, promote job creation, and strengthen the productivity of Micro, Small, and Medium Enterprises (MSMEs) across Nigeria.

About the SMEDAN Conditional Grant Scheme

The Conditional Grant Scheme targets nano and micro enterprises operating at the Local Government Area (LGA) level. It provides non-repayable financial support to small-scale business owners who meet the eligibility criteria, helping them expand operations, procure essential tools, and hire staff.

This scheme is not a loan — it is a grant. The primary goal is to increase local employment, support small-scale production, and foster sustainable business practices.

What the Grant Offers

Qualified businesses will receive:

• A one-time grant of ₦50,000
• Financial aid to support equipment purchase or business needs
• The opportunity to grow through local workforce engagement

Important Condition: Each beneficiary must commit to employing at least one additional staff member, helping to stimulate employment and economic development in their community.

Who Can Apply?

To be eligible, applicants must:

• Operate a nano or micro business in Nigeria
• Be located at the LGA level
• Show readiness to expand their workforce
• Have basic documentation or business visibility (e.g., business name, simple record keeping, local market presence)

Frequently Asked Questions (FAQs)

How can I apply?

Applications can typically be submitted via designated online platforms or at specific SMEDAN offices nationwide. Applicants should prepare any required documentation, including proof of business operations and potential impact of the grant.

What kind of businesses are eligible?

The grant is ideal for small-scale enterprises engaged in trade, production, services, food processing, artisan work, or any grassroots business activity that creates jobs or supports local economies.

Is the ₦50,000 a loan or repayable?

No, the grant is non-repayable. However, it comes with the condition that you hire at least one person for your business.

What are the expected benefits?

Participating enterprises can expect:

• Increased business capacity
• Improved productivity and local impact
• Better access to tools and resources
• The ability to expand customer reach and stabilize income streams

Why This Matters

With Nigeria’s micro-business sector accounting for over 90% of MSMEs, schemes like this offer practical solutions to unemployment and poverty by supporting local innovation and enterprise development.

The ₦50,000 may seem modest, but for many nano businesses, it’s a critical step toward sustainability and formal economic participation.

How to Apply

Interested applicants should click the official application link or visit SMEDAN offices in their respective LGAs to get started. Be sure to apply early, as these opportunities are often highly competitive.

👉 [Click here to apply]

Deadline: Applications are open now. Early submission is advised to avoid processing delays or missed deadlines.