The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) was established by the SMEDAN Act of 2003 to promote the development of the MSME sector of the Nigeria Economy. The Agency positions itself as a One Stop Shop for MSME Development. Micro Enterprises are included in the clientele of the Agency since they form the bedrock for SME’s.
SMEDAN also work in conjunction with other institutions in both public and private sector to create a good enabling environment of business in general, and MSME activities in particular.
The Lagos State Employment Trust Fund (“LSETF” or “the Fund”), was established by The Lagos State Employment Trust Fund Law 2016 to provide financial support to residents of Lagos State, for job, wealth creation and to tackle unemployment. LSETF serves as an instrument to inspire the creative and innovative energies of all Lagos residents and reduce unemployment across the State. The Fund has the mandate to directly invest ₦25Billion in helping Lagos residents grow and scale their Micro Small and Medium Enterprises (“MSMEs”) or acquire skills to get better jobs.
LSETF offers micro entrepreneurs the opportunity of getting loans to kick start their business at a competitive rate. The amount ranges between 500,000 to 5,000,000 million Naira.
FirstBank SME Connect helps your business grow on all fronts. Beyond financial support, the Bank offer you strategic advisory services, business seminars periodic updates as well as information that will guide you in growing your business. Part of their scope of SME services cover small/medium scale manufacturing firms, merchants (suppliers, distributors etc), professional firms(law, consulting, audit etc), agricultural, Churches, Mosques and NGOs whose annual debit turnover is between N5M and N500M.
SME Connect Nigeria is a social enterprise that was birthed with the sole aim of effectively bridging the gap between Nigerian SMEs and the opportunities around them via the use of online and offline communication channels.
SME Connect also aim to connect prospective investors (local and international) to SMEs that may interest them.
Nairametrics provide entrepreneurs, startups, small businesses, retail investors with a bouquet of financial management services that can help them grow their wealth. Through specialized accounting, tax and financial management services, we provide these group of people with highly skilled and competent resources that can help increase top line revenue, reduce cost and achieve their profitability goals. From helping you to straighten your financial records, writing your business plans, understanding value chains, producing financial modeling and preparing pitch documents that can help you raise funding, our consulting arm is ever ready to meet your needs.
The Bank of Industry Limited (BOI) is Nigeria’s oldest, largest and most successful development financing institution.
Since 2002, the bank has transformed into an efficient, focused and profitable institution that is well placed to effectively carry out its primary mandate of providing long term financing to the industrial sector of the Nigerian economy.
Some of the products offered by the BOI includes Youth Entrepreneurship Support (YES) Programme, Graduate Entrepreneur Funds, Funding for micro entrepreneurs who are into fashion, agriculture, green energy and a lot more.
BOI also collaborate with State governments to offer trainings and fund for state based projects.
Click on the link to get more information about the activities of the BOI.
Fidelity Managed SMEs focuses on providing solutions to the challenges faced by MSMEs in Nigeria through a multifaceted approach. At the core of the solutions that we provide to MSMEs is the robust business advisory service component that embodies the totality of the practical steps we take in handholding and guiding aspiring and existing entrepreneurs to building sustainable businesses. We also have the all new Fidelity Business Plus, a combination of our low-cost current account product and the Sage One Accounting Software.
Get more information here.
9mobile offers small and medium businesses a unique plan called “Morebusiness 2.0” which is designed for you and your employees to enjoy flexible and affordable voice and data bundles.
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TED (Technology Education and Design) is a global community, welcoming people from every discipline and culture who seek a deeper understanding of the world. At TED they are building a clearinghouse of free knowledge from the world’s most inspired thinkers — and a community of curious souls to engage with ideas and each other, both online and at TED and TEDx events around the world, all year long.
TED is owned by a nonprofit, nonpartisan foundation. Our agenda is to make great ideas accessible and spark conversation.
Launched in 2015, TEF Entrepreneurship Programme is the largest African philanthropic initiative devoted to entrepreneurship and represents their 10-year, $100 million commitment, to identify and empower 10,000 African entrepreneurs, create a million jobs, and add $10 billion in revenues to Africa’s economy.
The vision for the Foundation is to unlock the obstacles that Africa’s entrepreneurs face as they grow their start-ups into small to medium enterprises (SMEs), their SMEs into national growth companies, and their national growth companies into African multinationals.
TEF seeks to “institutionalise luck” and create an environment where entrepreneurship can flourish in a sustained manner.
There are 1000 places available annually for the applicants that are selected by the Selection Committee for a placement in the programme.