The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) says it has secured over N7 billion for small and medium businesses as well as created 15,000 jobs across Nigeria in barely over three months.
In a statement on Monday, the agency said the fear was recorded within the first 100 days in office of its director-general, Charles Odii.
The agency said Odii has led impactful initiatives resulting in the creation of jobs and funding for small and medium enterprises.
Further highlighting the firm’s achievements, the agency said it secured N5 billion single-digit interest loan with Sterling Bank, adding that over 200,000 applications have been received, and due diligence is underway for disbursement.
SMEDAN also said it injected N1 billion into micro, small and medium enterprises in each state under a matching fund agreement in Enugu and Anambra states and also revitalised economic activities at the grassroots level with a cash injection of N50,000 into nano businesses that came with a condition that the enterprises hire one more person.
Also, SMEDAN introduced the climate change desk to address environmental challenges impacting businesses.
SMEDAN further said it is set to commence a nationwide small business census to create a credible and comprehensive database of SMEs in the country and enhance the quality of its interventions.
