In an effort to streamline the allocation process of the N5 billion loan designated for Micro, Small, and Medium Enterprises (MSMEs) in Nigeria, the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has introduced new guidelines for applicants.
Under the revised procedure, applicants are now required to submit their Corporate Affairs Commission certificate and Tax Identification Number (TIN) as mandatory documents to qualify for the loan.
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This announcement was made by Moshood Lawal, the Head of Corporate Affairs at SMEDAN, during an exclusive interview with the media in Abuja on Wednesday, April 3rd, 2024.
The move aims to ensure transparency and accountability in the disbursement of the credit facility, which is aimed at supporting small businesses across the country.
If you’ve applied for the SMEDAN N5 billion loan, it’s crucial to familiarize yourself with these updated requirements. You can also access the application link for the SMEDAN loan facility to proceed with your application.
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