GoldenNewsNG
  • Home
  • News
  • Education
  • Business
  • Jobs
  • Daily Guides
  • About Us
  • Advertise with Us
  • Home
  • News
  • Education
  • Business
  • Jobs
  • Daily Guides
  • About Us
  • Advertise with Us
No Result
View All Result
Golden News
No Result
View All Result

How to get a NEDEP Loan in 2022 – NEDEP Loan 2022

Enudi Golden by Enudi Golden
January 11, 2024
in Featured, Headline, Scholarship/ Opportunities
Reading Time: 4 mins read
10 Best New Loan Apps in Nigeria with Low Interest Rate 2023
1.2k
SHARES
Advertisements

How to get a NEDEP Loan in 2022 – NEDEP Loan 2022

NEDEP Loan 2022: Apply for National Enterprise Development Programme Loan 2022 For SMEs And Cooperatives @ nedep.boinigeria.com

Did you know that Micro, Small and Medium Enterprises (“MSME”) represents one of the most important sectors of our economy?

READ ALSO

NELFUND Begins Disbursement of Upkeep Payments to Students with Updated Bank Accounts

FIRS to Launch Mandatory e-Invoicing System for Businesses with ₦5 Billion Turnover and Above

The significance of this can be gauged from the fact that it currently represents 96% of businesses in Nigeria and contributes 75% to national employment. Of the 17.2 million MSMEs in Nigeria, more than 17 million are micro-enterprises.

As such, growth in this sector is directly linked to growth in the economy and employment levels in Nigeria as a whole.

There is no doubt that a well-nurtured and well-structured MSMEs sub-sector can make a significant contribution to job creation, wealth creation, poverty reduction and sustainable economic growth and development in Nigeria.

However, many challenges are holding back the potential of MSMEs in Nigeria. The main ones are:

a) Very low access to affordable finance.
b) Poor access to Business Development Service (BDS), and
c) Inadequate infrastructure/high cost of doing business.

For example, a recent National Bureau of Statistics (NBS)/SMEDAN survey of MSMEs reported that 73.24% of the topmost priority of assistance needed by MSMEs’ operators is finance.

In addition, only 4.2% of 17.2 million MSMEs have been able to access loans or overdrafts from financial institutions while new entrants or start-ups find it practically impossible to access funds from banks.

To address these challenges, the “National Enterprise Development Program (NEDEP)” was launched by the Hon’ble Minister of Industry, Trade and Investment, Mr. Olusegun Aganga, CON.

The program, which aims to create an estimated 5.0 million direct and indirect jobs between 2013 and 2015, is focusing on skills acquisition, enterprise training / business development services (BDS) and access to finance.

The Enterprise Training / Business Development Services component is being implemented under the One Local Government One Product (OLOP) platform while access to the finance component is being handled by Bank of Industry (BOI) and by the Industrial Training Fund (ITF). Managing skills acquisition. ).

The NEDEP, coordinated by Nigeria’s Small and Medium Enterprise Development Agency (“SMEDAN”), is based on experience in successful similar venture development initiatives in Africa and Asia and in OLOP pilot projects in Kano and Niger.

NEDEP Loan Portal Address: nedep.boinigeria.com/

2. Benefits/Potentials of NEDEP

  • a. It aims to create an estimated 5.0 million direct and indirect jobs
  • b. It will revive the rural economy in rural Nigeria, improve employment opportunities, create wealth and alleviate poverty. This will be done through the establishment of sustainable MSMEs in 774 Local Government Areas (LGAs) based on comparative and competitive advantages.
  • c. Promoting entrepreneurial culture, industrialization of rural areas, enhanced industrial cluster development, increase in contribution of MSMEs to GDP, increase in export potential, etc.
  • d. Elimination of youth restiveness, militancy and other social vices (e.g. kidnapping, extremists’ insurgence like boko haram, prostitution, armed robbery, drug abuse, thuggery, etc).
  • e. Entrenchment of social security system in Nigeria.

3. Attributes of NEDEP

  • a. Delivery by 3 Agencies (SMEDAN, ITF, BOI)
  • b. Formation and registration of Cooperative Societies
  • c. National and State Council on MSMEs
    d. Restructuring of implementing Agencies (SMEDAN, BOI, ITF)
  • e. Implementation of the One Local Government One Product (OLOP) programme.
  • f. Development of One Product for Export in each State
  • g. Upgrading of Industrial Development Centres (IDCs) to MSMEs Clusters
  • h. Provision of Common Facilities & Services
  • i. Continuous Engagement, Monitoring & Reporting System

4. Implementation strategies\

  • a. Sensitization and needs assessment
  • b. Selection of products
  • c. Baseline surveys and value chain analysis
  • d. Formation and registration of cooperative societies
  • e. Development of business plans by cooperative societies
  • f. Assessment of business plans and provision of finance
  • g. Access to markets
  • h. Access to equipment/machines
  • i. Entrepreneurship training
  • j. Vocational skills training
  • k. Delivery of Business Development Service (BDS)
  • l. Monitoring and evaluation (impact assessment)

5. Current activity

  • a. Formation and registration of cooperative societies
  • b. Collection of business plans from cooperative societies across the country.

For more information, please visit: http://nedep.boinigeria.com/

How to get a NEDEP loan from SMEDAN
To get a loan from SMEDAN in its pool, follow these steps:

1. Visit the SMEDAN Credit Information Portal
The first step is to go to the credit information portal. You can access the portal from your computer, tablet or phone.

2. Choose the type of loan you want
The next step is to select the type of loan you want, click on Access Loan on the top menu. There are four types of debt, including personal debt: helping individuals achieve their goals faster; Commercial Debt: Aiming To Help Businesses Grow, Mortgage Loans: Helping To Acquire Wealth And Generally Nature’s Long Term Purpose.

3. Provide the required information
You will be asked to provide the required information, such as creating a profile. You must provide accurate information. Required information will include the purpose of the loan, your age, employment status and how much you need.

4. Get loan options
Once you have completed the required information, you can click ‘Check Availability’. You should be able to see the loan options available based on the information you provide.

5. Apply for a loan
Go through the results. You will see the loan requirements and interest rates for each of them. Once you find one that works for you, you apply. Just click on “View Details and Apply”. Then click “Start”.

Ultimately, we can all agree that one of the hardest parts of being an entrepreneur is finding the next opportunity to make it big in business. As a business owner, your job is to distinguish good opportunities from wise ones so that they can make smart decisions that will move you forward in the long run.

 

 

📢 JOIN OUR WHATSAPP GROUP 📢 JOIN OUR TELEGRAM CHANNEL
Previous Post

Breaking: ASUU Extends Strike By 12 Weeks – See Why

Next Post

Latest NPower News on Nexit Loan Disbursement, Training & Batch 2 Shortlist For Today 9th May 2022

Related Posts

NELFUND Begins Disbursement of Upkeep Payments to Students with Updated Bank Accounts

NELFUND Begins Disbursement of Upkeep Payments to Students with Updated Bank Accounts

The Nigerian Education Loan Fund (NELFUND) has commenced the disbursement of upkeep allowances to students who have updated their bank...

Read moreDetails

FIRS to Launch Mandatory e-Invoicing System for Businesses with ₦5 Billion Turnover and Above

FIRS to Launch Mandatory e-Invoicing System for Businesses with ₦5 Billion Turnover and Above

The Federal Inland Revenue Service (FIRS) has announced that it will begin full implementation of the National Electronic Invoicing (e-Invoicing)...

Read moreDetails

Green Money Project 2025: How to Apply for FG Youth Agriculture Empowerment Programme

Green Money Projec

Are you a young Nigerian passionate about agriculture or looking to grow a business in agribusiness? The Federal Government has...

Read moreDetails

FG Orders Banks to Flag Accounts with Monthly Transactions Over ₦5 Million

FG Orders Banks to Flag Accounts with Monthly Transactions Over ₦5 Million

Federal Government has ordered all Nigerian banks to Flag Accounts with Monthly Transactions Over ₦5 million GoldenNewsNg reports that Nigerian...

Read moreDetails

JAMB Awards ₦710 Million to Six Tertiary Institutions for Outstanding Admission Practices

JAMB Awards ₦710 Million to Six Tertiary Institutions for Outstanding Admission Practices

JAMB has Awarded ₦710 Million to Six Tertiary Institutions for Outstanding Admission Practices GoldenNewsNg reports that the Joint Admissions and...

Read moreDetails

JAMB Cut Off Mark for Civil Engineering 2025/2026 in Nigerian Universities

JAMB Cut Off Mark for Civil Engineering

JAMB Cut Off Mark for Civil Engineering 2025/2026 in Nigerian Universities    If you’re planning to study Civil Engineering in...

Read moreDetails

NELFUND Begins Disbursement of Funds to Students in Saapade, MAPOLY, and LASUED

NELFUND Begins Disbursement of Upkeep Payments to Students with Updated Bank Accounts

NELFUND Begins Disbursement of Funds to Students in Saapade, MAPOLY, and LASUED GoldenNewsNg reports that the Federal Government has announced...

Read moreDetails

Official JAMB Cut Off Mark for Medicine and Surgery 2025/2026 In Nigerian Universities

Official JAMB Cut Off Mark for Medicine and Surgery 2025/2026 In Nigerian Universities

Official JAMB Cut Off mark for Medicine and Surgery 2025/2026   If you’re planning to study Medicine and Surgery in...

Read moreDetails

Official JAMB Cut Off Mark For Computer Science 2025/2026: Requirements And Admission Tips

JAMB Cut Off Mark For Computer Science

JAMB Cut Off Mark For Computer Science 2025: Requirements And Admission Tips   Are you aiming to study Computer Science...

Read moreDetails

Official JAMB Cut-Off Mark for Law in Nigerian Universities 2025

Official JAMB Cut-Off Mark for Law in Nigerian Universities 2025

JAMB Cut Off Mark For Law in Nigerian Universities 2025 Are you planning to study Law in a Nigerian university...

Read moreDetails
Load More
Next Post
Npower News: FG Sends Important Message To Npower Health Beneficiaries

Latest NPower News on Nexit Loan Disbursement, Training & Batch 2 Shortlist For Today 9th May 2022

SEARCH ADS

Latest Posts

NELFUND Begins Disbursement of Upkeep Payments to Students with Updated Bank Accounts
Education

NELFUND Begins Disbursement of Upkeep Payments to Students with Updated Bank Accounts

FIRS to Launch Mandatory e-Invoicing System for Businesses with ₦5 Billion Turnover and Above
business

FIRS to Launch Mandatory e-Invoicing System for Businesses with ₦5 Billion Turnover and Above

Green Money Projec
Headline

Green Money Project 2025: How to Apply for FG Youth Agriculture Empowerment Programme

FG Orders Banks to Flag Accounts with Monthly Transactions Over ₦5 Million
business

FG Orders Banks to Flag Accounts with Monthly Transactions Over ₦5 Million

JAMB Awards ₦710 Million to Six Tertiary Institutions for Outstanding Admission Practices
Education

JAMB Awards ₦710 Million to Six Tertiary Institutions for Outstanding Admission Practices

JAMB Cut Off Mark for Civil Engineering
Education

JAMB Cut Off Mark for Civil Engineering 2025/2026 in Nigerian Universities

NELFUND Begins Disbursement of Upkeep Payments to Students with Updated Bank Accounts
Education

NELFUND Begins Disbursement of Funds to Students in Saapade, MAPOLY, and LASUED

Official JAMB Cut Off Mark for Medicine and Surgery 2025/2026 In Nigerian Universities
Education

Official JAMB Cut Off Mark for Medicine and Surgery 2025/2026 In Nigerian Universities

JAMB Cut Off Mark For Computer Science
Daily Guides

Official JAMB Cut Off Mark For Computer Science 2025/2026: Requirements And Admission Tips

Official JAMB Cut-Off Mark for Law in Nigerian Universities 2025
Education

Official JAMB Cut-Off Mark for Law in Nigerian Universities 2025

© 2024 Golden News

  • About Us
  • Advertise with Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms And Conditions
No Result
View All Result
  • Home
  • News
  • Education
  • Business
  • Jobs
  • Daily Guides
  • About Us
  • Advertise with Us

© 2024 Golden News