The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) is spearheading a ₦100 billion impact fund aimed at transforming the financial landscape for small and medium-sized enterprises (SMEs) across Nigeria. This ambitious initiative, presented at a recent meeting between Vice President Kashim Shettima and key investment stakeholders, seeks to deliver equity and debt financing options for high-potential SMEs.
SMEDAN’s Director General, Charles Odii, emphasized the agency’s commitment to building a stronger, more accessible financial support system for SMEs. “By working with both local and international investors, we aim to unlock private capital, promote regulatory reforms, and instill confidence in the Nigerian SME sector,” Odii said.
This fund aims to bridge funding gaps and attract long-term investment in Nigeria’s SME ecosystem, reflecting SMEDAN’s strategy to support businesses and stimulate the economy. With a focus on empowering growth-oriented enterprises, SMEDAN is set to drive both financial inclusion and investor engagement, marking a significant step towards sustained economic resilience and expansion across the country.
