BOA-SMEDAN Matching Fund Programme for Micro and Small Enterprises
Have you heard about the Bank of Agriculture (BOA) and Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) Matching Fund Registration 2021? Are you looking for the Registration portal for the BOA-SMEDAN Matching Fund Programme 2021?
This article will give you all you need to know about the BOA-SMEDAN Matching Fund Programme 2020.
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) and the Bank of Agriculture (BOA), desirous of building synergy in key areas of their respective mandate, have jointly scheduled an intervention – Matching Fund Programme for MSMEs – to boost the output of micro and small enterprises (MSMEs) across the country.
Dr. Dikko Umaru Radda, said the two agencies are committed to the successful implementation of the programme in the interest of Nigeria’s MSEs.
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He also stated that the disbursing entity, under the programme, shall be the Bank of Agriculture Ltd (BOA).
“Target beneficiaries for this programme shall be labour-intensive micro or small enterprises (MSMEs), operating in the real sector.
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These shall ideally have innovative value-added products that are establishing a footprint in the Nigerian market, and require additional funds to increase output,” the Director General said.
He therefore called for applications from all suitably-qualified MSMEs located in the Federal Capital Territory (FCT), Kaduna and Oyo states to apply for the programme.
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Finally, Dr. Radda stated that prospective beneficiaries, who must be registered with SMEDAN, may apply for loans within the range of N1.2 million to N5 million on business–friendly terms.
He said the Matching Fund initiative which will commence on Tuesday, 15th December, 2020, with the opening of the programme portal is a promotional intervention meant to deliver credit to the sub-sector, with triple objectives of enhancing enterprise output, competitiveness and jobs creation.
To Registration, visit https://smedan.gov.ng/boa-smedan-matching-fund-programme
The latter includes waiver of collateral. Note that free registration is still ongoing.
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