SMEDAN, in collaboration with the Enugu State Government, has initiated a groundbreaking N1 billion Matching Fund Programme designed to provide accessible loans to NMSMEs within the state.
The signing ceremony, held at SMEDAN headquarters, marks a significant milestone in fostering entrepreneurial development and bolstering economic growth within the region.
Sterling Bank PLC has been appointed to oversee the management and disbursement of the funds to eligible enterprises, ensuring seamless delivery to beneficiaries.
Aligned with the developmental agenda of Enugu State, this initiative aims to empower NMSMEs, recognizing their indispensable role in propelling economic progress.
Expected to revolutionize the NMSME sector, the program is poised to enhance competitiveness, spur job creation, foster innovation, and promote inclusivity within the state’s economy.
Governor Peter Mbah emphasizes the pivotal significance of NMSMEs in fostering sustainable economic development, reaffirming the government’s unwavering dedication to fostering a conducive business environment.
The collaboration among SMEDAN, ENSG, and Sterling Bank PLC epitomizes a promising model of public-private partnership for economic advancement, geared towards empowering entrepreneurs and small-scale enterprises.
As the program unfolds, it holds the promise of catalyzing growth and prosperity for NMSMEs in Enugu State, aligning seamlessly with its vision of emerging as a hub for enterprise and innovation in Nigeria.
To partake in this initiative, interested parties are encouraged to register with the State MSME Database at www.enugusme.en.gov.ng/msmedata. Stay tuned for further details regarding eligibility criteria from the Enugu SME Center.