In a bid to strengthen the financial landscape for small and medium-sized enterprises (SMEs) in Nigeria, the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) is working towards raising a ₦100 billion impact fund.
This initiative, discussed during a recent meeting between the Vice President, Kashim Shettima, and key investment partners, aims to provide equity and debt financing to viable SMEs across the country.
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SMEDAN is engaging both local and foreign investors to unlock private capital and bolster investor confidence through regulatory reforms and enhanced support for the SME sector. This ambitious funding plan reflects the agency’s commitment to empowering businesses and driving economic growth in Nigeria.
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