SMEDAN N5 Billion Grant for Nigerian Student Entrepreneurs: How to Apply
This is to inform the general public that the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has announced the commencement of applications for its ₦5 billion grant targeted at student entrepreneurs across tertiary institutions in Nigeria.
The disbursement of this grant is aimed at supporting student entrepreneurs, starting with the North-West geopolitical zone. This initiative aligns with the Federal Government’s commitment to empowering Nigerian youths and fostering economic growth through entrepreneurship.
Funding Information
The ₦5 billion grant is designed to provide financial support to students with viable business ideas—helping them launch startups or expand existing ventures.
Benefits for Nigerian Youths
1. Financial Empowerment: Provides students with the capital needed to start or grow their business.
2. Skill Development: Encourages the acquisition of entrepreneurial skills and practical business experience.
3. Economic Growth: Stimulates local economies by supporting small businesses and creating job opportunities.
4. Innovation Promotion: Fosters a culture of innovation and problem-solving among the youth.
READ: SMEDAN GROWHer Accelerator Programme 2025 Form Portal Open
How To Apply:
For details on how to apply and the requirements, students should visit SMEDAN’s official website via https://smedan.gov.ng
The application process involves submitting a detailed business plan and demonstrating the potential impact of the proposed venture.