SMEDAN ₦5 Billion Grant for Student Entrepreneurs in Nigeria – Apply Now!
SMEDAN ₦5 Billion Grant for Student Entrepreneurs in Nigeria – Apply Now!
Are you a student in Nigeria with a business idea? Great news! The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has officially launched a massive ₦5 billion student entrepreneurship grant to support youth-led businesses across Nigeria—starting with the North-West zone.
This initiative is a game-changer for student entrepreneurs in Nigeria, providing critical funding and resources to turn business ideas into reality.
What is the SMEDAN Student Entrepreneurship Grant 2025?
The SMEDAN ₦5 Billion Grant 2025 is a new funding program designed to empower Nigerian students with entrepreneurial dreams. It targets undergraduates with innovative, scalable business plans and aims to strengthen local economies, create jobs, and boost self-reliance through entrepreneurship.
Key Objectives:
- Empower Nigerian youth through entrepreneurship
- Support students with viable business plans
- Promote economic growth and job creation
- Encourage innovation among student-led startups
Who Can Apply?
This grant is open to:
- Undergraduate students in Nigerian higher institutions
- Aspiring entrepreneurs with a viable business idea or existing small business
- Students residing or studying in the North-West zone (for the first phase)
How to Apply for the SMEDAN ₦5 Billion Grant
- Eligible students can apply online through the official SMEDAN website. The application involves:
- Filling out the online registration form
- Submitting a detailed business plan
- Demonstrating the potential impact and scalability of your idea
Selection Process:
Successful applicants will be chosen based on innovation, feasibility, and potential to create jobs or contribute to local economies.
Benefits of the SMEDAN Student Grant
This isn’t just funding—it’s a full package to support student innovation:
₦5 Billion in Total Funding: Direct grants to support new and existing student businesses.
Skill Development: Hands-on experience in entrepreneurship, business planning, and innovation.
Business Mentorship: Access to business advisory support from SMEDAN and partners.
Job Creation: Students can grow their businesses and employ others, contributing to community development.
Why This Matters
According to Dr. Titilope Gbadamosi, Special Assistant to the President on Youth Initiatives:
“Empowering our youth through entrepreneurship is not just an investment in their future, but in the future of our nation.”
This grant aligns with Nigeria’s national youth empowerment strategy, supporting the next generation of innovators and leaders in the country.
Final Thoughts
This is a golden opportunity for Nigerian students to transform their ideas into impact. Whether you run a small clothing brand, a tech startup, or an agriculture-based business, this grant could be the boost you need.
Don’t miss this! Visit SMEDAN’s official website today to start your application.