The programme is designed to help nano and micro businesses by providing a ₦50,000 non-repayable grant to qualified applicants. Unlike a business loan, this funding does not have to be repaid, making it one of the most attractive Federal Government business support programmes available.
In this guide, you will learn everything you need to know about the scheme, including eligibility requirements, benefits, how to apply, the official registration portal, and important information every applicant should know.
The SMEDAN Conditional Grant Scheme (CGS) is a business support programme administered by the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN). It is separate from the Presidential Conditional Grant Scheme (PCGS), although both initiatives provide ₦50,000 grants to eligible nano businesses as part of broader Federal Government efforts to support small enterprises.
The objective is to strengthen Nigeria's nano and micro enterprises by providing financial assistance that can be used to:
Each successful applicant receives ₦50,000 as a grant, provided the programme conditions are met. One key condition is the encouragement of job creation by engaging at least one additional person in the business.
Successful beneficiaries receive:
₦50,000 Conditional Grant
This money is a grant, not a loan. It does not attract interest and does not require repayment, provided beneficiaries comply with the programme guidelines.
The scheme was introduced to support small businesses that often struggle to access finance.
Its major objectives include: