The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has commenced the process of registering Micro, Small, and Medium Enterprise that operates in Nigeria. The SMEDAN Registration exercise according to the agency is to enable it to use the database in the nearest future in providing funding, training, empowerment, and other facilities to MSMEs and also uses it as a reference to link businesses to lending institution in the private and public sectors.
SMEDAN gives you access to government and private sector benefits to help you grow your small or medium scale business faster.
SMEDAN was created to help small and medium scale businesses and business owners by providing them the right tools for faster growth.
Director-general, SMEDAN, Dr Umar Dikko Radda, explained that it was expected to facilitate the sourcing, developing, warehousing and managing of a comprehensive and verifiable database of MSMEs with aview to providing wholesome solution to a formalised MSME subsector of the Nigerian economy.
He said that MSMEs that are registered on SMEDAN official website portal would be allowed by the agency to gain access to funding support, empowerment, training and other facilities provided by federal government agencies as well as other lending and support institutions at the federal, state and local government levels.
Radda said that successfully registered MSMEs would be issued a Digital MSME Certificate, as well as a SMEDAN Unique Identification Number (SUIN).
According to him, the programme holds other benefits for MSMEs that include creating higher export potentials, facilitating free matchmaking through SMEDAN’s E-Cloud platforms.
While further stressing that MSMEs would gain subsidized access to specialized advisory and Business Development Support (BDS) services, Radda said in addition, they would be exposed to free mentorship services, and would be allowed to participate automatically in government procurement processes; ensuring tax holidays and other incentives.
Expressing optimism that the registration scheme would also create millions of jobs across the entire country, the DG explained that the justification for a database of grassroots enterpreneurs cannot be over-emphasized, including moving informal enterprises to the formal sector.
According to him, it would industrialise the nation, develop the rural economy, stem youth restiveness and unemployment, as well as create the platform for sustainable economic growth and development in the country.
The on-going registration exercise targets the integration of over 40 million micro, small and medium scale enterprises (MSMEs) across the entire country and the information provided would be accessible to donor agencies and multilateral organisations that wish to provide developmental support for MSMEs across the country.
WHY SMEDAN MSMEs REGISTRATION?
Registering as an MSME on this database will enable critical stakeholders in the private and public sector to provide you with the necessary support, policies and programs tailored for you. Registered MSMEs will be the direct beneficiaries of various SMEDAN programs, as well as other public and private sector organizations.
WHO CAN REGISTER FOR SMEDAN GRANT/ LOAN?
1. The Micro, Small and Medium (SMEDAN) eligible to apply are: Artisans, Traders, Tailors, Fashion Designers, Spare Parts Dealers, Barbers etc, if you are eligible, hurry and apply.
2. You must have at hand, your Birth certificate or age declaration.
3. You must reside and be a Nigerian citizen by birth.
4. You must have a valid phone number and E-mail Address
5. You must have a Bank Verification Number (BVN)
6. You must be between 18 to 45 years before December 31st
7. You must possess a WAEC/BSC/HND degree from a reputable institution
8. You must have a valid identification e.g International Passport, Voters ID-Card, National ID-card or Driver’s License.
- Access to Financial Services: Getting SMEDAN Registration Number will help ease access to loans and grants from governmental and private organizations, as in the case of MSME Survival Fund and SMEDAN’s conditional grant.
- Access to business insurance.
- Access to entrepreneurship training and educational content by professionals, consultants, and private investment opportunities.
- Priority funding from different institutions as well as International Donor Agencies.
- SMEDAN Unique Identification Number (SIUN) and digital Certificate.
Visit SMEDAN website on your mobile device or PC to get started
Some of the information you will be asked to provide include the following;
- Business Name
- Date the business started
- Business address
- Business premises you operate from
- Business type
- Product or Services
- Are you registered with CAC?
- Business by assets value
- Number of staff
- Business Owner Information.