MSMEs N500m revolving loan scheme
Recently, the Small and Medium Enterprises Development of Nigeria (SMEDAN) unveiled a N500 million revolving, zero-interest loan called “Grow Fund for Businesses” to boost small businesses across the country. The Director-General of SMEDAN, Mr. Charles Odii, announced the initiative recently in Abuja as part of activities to mark the 2026 World Micro Small and Medium Enterprises Day. The loan will be disbursed through cooperative societies, trade unions, business and registered member organisations and associations. Individual enterprises are not part of the disbursement platforms.
12th July 2026