this photo shows the head office of SMEDAN in Abuja, Nigeria

10 Benefits of Registering Your Business With SMEDAN

Advertisements

Many advantages come with registering your business with the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN).

For instance, the agency is the first point of call when the federal government, private firms, and foreign organisations want to support medium and small businesses in Nigeria.

If you are yet to include your business in SMEDAN database, it is worth it when it’s time to consider the businesses on its database for disbursement of loans, grants and other benefits.

Advertisements

Here are the advantages of registering your business with SMEDAN:

1) You will have access to Financial Services and interact with its officials at the agency’s branch offices in your geopolitical zone.

2) You will get access to Business Insurance

3) Getting SMEDAN Registration Number will ease your access to loans as we saw in its recent N5 billion loan partnership with Sterling bank 

 4) It gives you access to business grants from governmental and private organizations.

5) You will get access to entrepreneurship training

6) You will be able to access its subscription service after linking your BVN to SMEDAN platform if you’re interested in in its business masterclass and business insurance for your venture.

7) You will get access to educational content which is designed by SME professionals

8) You will get access to private investment opportunities.

9) Priority is also given to SMEs that have SMEDAN registration number (SIUN) when funding opportunities arise from International Donor Agencies.

Also Read:  4 Major Business Structures in the U.S

10) You will get SMEDAN digital Certificate

If you register your business with SMEDAN, it will make it easier for the government to gather data and use such to allocate funds to MSMEs before the next fiscal year.

For the government to allocate support MSMEs, it must know the number of small businesses across the country. Data is important for planning.

Author

  • Opeyemi Quadri

    Ope is a finance writer and researcher with 10+ years of experience in content creation. His interests cut across decentralized finance, investment, foreign exchange, government policies and politics.

Leave a Comment

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Scroll to Top