Small and Medium Enterprises (SMEs) in Nigeria are well recognised as the backbone of our economies and commerce. They make major contributions to global economic growth and sustainable development while generating employment, alleviating poverty, creating wealth and ensuring the smooth distribution of foods across the nation. It is this recognition of the important roles played […]
In this post, we will proffer answers to questions about SMEDAN registration for SMEs in Africa. These answers will help you make an informed decision and further guide you through your registration process. Having decided to register your business, below is a list of top 10 frequently asked questions to guide you through your registration journey. […]
Micro, Small and Medium Enterprises (“MSME”) represents one of, if not the most important sector of the country’s economy. It currently represents 96% of the businesses in Nigeria and contributes 75% of the National employment. Hence, the growth in this sector is directly correlated with growth in the economy as a whole and the level […]
All SMEs in Africa need both financial and intellectual support to take their businesses to the next level. This is why the Nigerian Federal Government created the survival fund scheme to help Nigerian SMEs that register with SMEDAN. Furthermore, Nigerian MSMEs that are registered with SMEDAN can also enjoy the MSMEs mass registration program currently […]
The lack of financial support is unarguable, top on the list of the recurring challenges faced by SMEs in Africa. This gap between the finance available to SMEs and the finance that they need to attain their full potential is further widened by the competitive market for the limited supply of investors’ funds. This survey […]
It is almost impossible for SMEs to run without loans. Did you know that SMEs in Africa create employment as high as 80%? Africa has continued to expand remarkably as SMEs increase yearly. The challenge, however, for most SMEs in Africa is the lack of funding and access to credit. The government in various African […]
One of the most common challenges that SMEs in Africa face is raising funds to take the next step. Many business owners believe the only thing standing in the way of their businesses being a force on the global scale is funding. However, funding without adequate SME training is a perfect recipe for disaster. SMEDAN […]
By now you must have heard that SMEDAN has called for MSMEs in Nigeria to register on its portal. Completing your registration with SMEDAN comes with several benefits to these businesses; one such benefit is access to loans. We all know how much trouble it is to raise capital to start up and run businesses. […]
Are you an SME in Africa? Have you heard of the National School Entrepreneurship Programme (N-SEP)? Do you know that this initiative was created to build entrepreneurs in Nigeria? It is well-known that Africa is blessed with human resources. However, the continent is plagued with underdevelopment and mismanagement of these human resources. About N-SEP The […]
This post will discuss the eligibility criteria for the SMEDAN MSME registration. For small and medium business owners, funding poses a real challenge to effectively running their operations. SMEs are the core of the economic sector and are also responsible for driving innovation and competition for any economy. While capital plays a huge role in […]
