At the just-concluded National MSME Conference Award 2024 held in Abuja, the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) granted ₦10 million to the top three winners of the #SMEDANPitchCompetition. The event highlighted the innovation and resilience of small businesses competing for the prestigious awards.
After a rigorous selection process among 10 contestants who pitched their business ideas, the esteemed panel of judges announced the winners:
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Loom Chocolate emerged as the grand prize winner, taking home ₦5 million. This business is committed to maximizing cocoa production and creating high-quality Nigerian chocolates, aiming to elevate the nation’s chocolate industry.
Negs Honey, dedicated to producing pure and organic honey while empowering women in local communities, secured the first runner-up position with a prize of ₦3 million.
Datestores, which offers healthier sweetener alternatives using dates instead of sugar, claimed the second runner-up spot, earning ₦2 million.
All other participants received financial incentives, ensuring that everyone’s creativity and hard work were recognized.
SMEDAN expressed special thanks to its sponsors, ProvidusBank and the 7.15 Foundation, for their unwavering support in empowering small business owners and making the event a success.
The 2024 National MSME Conference Award has set a new benchmark for nurturing entrepreneurship and innovation within Nigeria’s MSME sector, with a bright future ahead for these inspiring winners.
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