BOA SMEDAN N5m Fund: Requirements & Contact- Apply Now

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A new opportunity arises again, The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) and the Bank of Agriculture (BOA) loan application has opened their portal for people to apply.

This portal will help eligible people to apply for the Boa Smedan loan application which was opened for massive application to people of all categories.

The applications will be available from three states and Abuja, it will hit the ground in the loan program running, more states will be allowed to join after the alleged “test run” process, this was made known by Dr. Dikko Umaru Radda, the Director-General and Chief Executive Officer of SMEDAN.

The only business type that is eligible for the loan will be small businesses, they are only liable to apply for such loans.

Successful applicants and beneficiaries will be given N1.2 million to N5 million loans on their return home.

“Target beneficiaries for this program shall be labor-intensive micro or small enterprises (MSEs), operating in the real sector.

These shall ideally be innovative value-added products that are establishing a footprint in the Nigerian market, and require additional funds to increase output”
– This was made known by the board.
To be able to apply now you need to have small enterprises located in Kaduna, Oyo, and Federal Capital Territory (FCT) are allowed to apply for the loan initiative.

Only applicants that meet all requirements will be granted the Boa Smedan funds immediately after success in the application.

Here are the general requirements to be met by candidates:

  • Must be operating since 2018
  • You must be a Nigerian
  • Businesses into food processing or agro-allied are at an advantage
  • Audited Financial Statement
  • Your Business must be Operating in Kaduna, Oyo, or FCT
  • Your business must have employed at least two people before you request the loan
List of Business Compliance for Boa Smedan:

  • NAFDAC Number of its products
  • SMEDAN Unique Number
  • CAC Certificate
  • Tax Identification Number
Here is how you can use to connect with BOA-SMEDAN Matching Fund

Telephone numbers: +234 906 005 9061 or +234 706 5000 835

Here is how to Apply

All interested and eligible applicants should apply herewith

[email protected] or www.AGPartnerships.com

More information to follow as soon as any information is received, we update promptly.
 
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