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Published On: Tue, Mar 6th, 2018

SMEDAN earmarks N2bn grant for small businesses

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From Lawal Sa’idu Funtua Katsina

The Director-General of Small and Medium Enterprise Development Agency of Nigeria, (SMEDAN) Dr. Dikko Umar Radda has disclosed that the agency had set aside N2 billion for the pilot Conditional Grant Scheme in six states across the country.
Radda disclosed this over the weekend in Daura while speaking at a retreat organised for small scale business entrepreneurs in Daura senatorial zones of the state.
He noted that N200 million was set aside to support such business owners in the state, part of the money would be used in registrations, opening of bank accounts and insurance of such businesses.
According to him, the sum of N50,000 would be given to each small scale business owner, where he stressed that each business owner was expected to employ at least one person under his care.
“Like in Katsina we are going to empower 14,000 of small scale business operators, who were expected to employ one person each. With this we will be able to create at least 14, 000 jobs in the state” he added.
Radda further disclosed that in each local government, persons who have comparative advantage in a particular business would be selected to enjoy the support of his agency, adding that there would be no political consideration in selecting the beneficiaries.
He stressed that the teeming graduates roaming the streets cannot all be employed by government, advising graduates to embrace small scale businesses as a way of becoming self-employed and self-reliant.
Radda advised beneficiaries to make good use of the opportunity to improve their businesses, cautioning them against using the funds to take more wives.

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