The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has opened applications for its ₦50,000 Conditional Grant Scheme (CGS) for Micro Enterprises in 2025. This initiative is part of a broader strategy to support nano businesses at the grassroots level, boost local economies, and create jobs across Nigeria.
What Is the SMEDAN Conditional Grant Scheme?
The Conditional Grant Scheme (CGS) is a federal intervention programme designed to strengthen the foundation of Nigeria’s informal business sector. Under this scheme, qualified micro and nano enterprises will receive ₦50,000 in financial support to aid their operations, expand their workforce, and acquire essential business tools.
According to SMEDAN, the grant is non-repayable, provided beneficiaries meet the basic requirement of employing at least one additional staff member in their business.
Who Can Apply?
To be eligible for the SMEDAN ₦50K Conditional Grant Scheme, applicants must:
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Operate a nano or micro business
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Be active at the Local Government Area (LGA) level
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Be willing to expand their business and employ at least one person
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Provide valid business and identification documentation
This scheme is aimed at tailors, barbers, traders, vulcanizers, artisans, food vendors, and other micro-enterprise operators who are often underserved by traditional banking and finance systems.
What Are the Benefits?
Selected beneficiaries will receive:
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A ₦50,000 conditional grant
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Access to capacity-building opportunities
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Support for business expansion, tools, or employee onboarding
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Enhanced visibility for future government and NGO-led support programmes
How to Apply for SMEDAN Grant 2025
Interested applicants are encouraged to apply through the official SMEDAN application portal. You’ll be required to:
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Fill out an application form
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Upload relevant documentation (ID, business info, etc.)
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Await notification if shortlisted
👉 Click Here to Apply Now: https://smedan.gov.ng/our-programs/cgs/
Note: Application is completely free of charge. SMEDAN does not assign agents or collect fees from applicants. Beware of fraud.
Frequently Asked Questions (FAQs)
1. What is the SMEDAN ₦50K Grant Scheme?
It’s a conditional government grant designed to support nano businesses and micro-enterprises with ₦50,000 to grow their operations and create jobs.
2. Who is eligible to apply?
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Small business owners operating at the LGA level
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Enterprises capable of employing at least one person
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Applicants with valid identification and business activity
3. What can the grant be used for?
Funds may be used for:
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Equipment purchases
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Expanding market access
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Hiring staff
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Upgrading tools or infrastructure
4. Is the ₦50,000 grant a loan?
No. It is a non-repayable conditional grant, as long as beneficiaries fulfill the job creation requirement.
5. Is there a deadline?
SMEDAN has not provided a fixed closing date yet, but applicants are advised to apply early while the opportunity remains open.
The SMEDAN ₦50,000 Conditional Grant Scheme 2025 is a timely opportunity for Nigeria’s micro business owners to access funding, build their workforce, and improve their business capacity. If you run a small business and meet the eligibility criteria, this could be your chance to grow.
