Smedan Review: All you need to know about Smedan
Smedan is a household name in Nigeria’s small and medium enterprise community; as the name suggests, it was founded with the sole purpose of providing all of the resources needed for small and medium enterprises to develop their brand and businesses.
As an entrepreneur, you’ve probably heard of Smedan, but you’re not sure how it works, who owns it, or how it can benefit entrepreneurs and business owners. This post is intended to answer all of your questions about Smedan, as well as frequently asked questions.
What is Smedan all about?
Smedan is a Nigerian government-owned organization that was established to meet the needs of entrepreneurs and business owners. The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) was established by the SMEDAN Act of 2003 to develop Nigeria’s MSME sector. Smedan’s mission is to provide entrepreneurs and business owners with income-generating opportunities, thereby combating poverty. The goal of this initiative is to create a well-structured MSME that will drive general and national economic growth in Nigeria.
How does Smedan Work?
Smedan was founded to provide opportunities for business owners, entrepreneurs, and MSMEs. Smedan connects businesses to opportunities in both the public and private sectors. This means that businesses registered under the Smedan program will have access to both government and private sector programs.
Benefits of Smedan
Registering your business under the Smedan umbrella provides numerous benefits that will help your business, including
Government Benefits: If you have registered your business with Smedan, you may be eligible for government assistance such as loans, conditional grants, training, and more.
Private Sector Benefits: By joining Smedan, you will gain access to training, expert consultation, professional educational content, investment opportunities, and much more.
Credit Facilities: As a Smedan member, you have access to loans from multiple credit providers, government grants, and insurance.
Smedan Registration: How to register your business on Smedan
Smedan registration is very simple if you follow the instructions below:
- Navigate to https://smedanregister.ng/.
- Enter your company information.
- Then enter your personal information, such as your name, email address, phone number, address, BVN, and so on.
- Provide your company’s manpower, CAC document, or registration number.
- Create a password and then submit the form.
- Your Smedan account details will be sent to your email address after a successful registration.
You will find your Smedan number, which is also your username, on the email you received from Smedan. Your Smedan certificate, bearing your company name, is included in the mail.
Frequently Asked Questions about Smedan
This section of the post will address the most frequently asked Smedan questions by entrepreneurs.
How To Log In On Smedan Portal?
To access your Smedan dashboard, you must first log in with your Smedan credentials, which are as follows:
- Smedan Number
How To Get Smedan Certificate?
To get your Smedan certificate, go to your inbox and locate the Smedan Registration details email that was sent to you; you will find your certificate attached to the email, or you can log in to your Smedan dashboard and download your certificate in pdf format from there.
How To Download Smedan Certificate?
To download the Smedan certificate, log into your account and go to your Smedan dashboard, where you will find your certificate. Click on the view certificate, and it will be downloaded to your device automatically.
How Much Is Smedan Registration?
Smedan registration is completely free. Smedan does not charge registration fees, and you are under no obligation to pay anyone for any offers, loans, grants, or other financial opportunities.
How To Get Smedan Number?
If you want a Smedan number, you must first register your business with Smedan, after which you will be assigned a Smedan number.
How To Retrieve Smedan Number?
To retrieve your Smedan number, go to Smedanregister.ng, click the menu button, and then find “Recover Smedan Number.” When you click on it, you will be asked for your phone number, and you will receive a popup notification that your Smedan number has been sent to your email address. Log in to your mailbox and look for your Smedan number.
How To Access Smedan Loans?
On the Smedan platform, you have access to loans from multiple credit providers. To be able to get loans on this platform, you must first register your business with Smedan. To get access to the loans, you should now check the finance section on your Smedan dashboard. There, you will be required to create a Casava wallet account through which you can obtain the loan and then transfer it to your commercial bank.
What Is The Meaning Of Smedan?
Smedan is an acronym that stands for “Small and Medium Enterprises Development Agency of Nigeria.”
What Is Smedan Definition Of Sme’s?
SMEDAN definition of SMEs refers to small and medium enterprises, in other words, small and medium-sized businesses in Nigeria.
When Was Smedan Established?
SMEDAN was established in 2003 by the SMEDAN Act.
When Will Smedan Start Paying?
Smedan is not a financial institution, but rather an organization that provides opportunities to MSMEs. Smedan’s responsibility is to provide entrepreneurs and businesses with access to both government and private sector opportunities for growth. Any information circulating that Smedan is paying businesses is false and should be ignored.
When Will Smedan Registration Close?
Smedan registration is still ongoing, and I don’t see it ending anytime soon. Furthermore, there is no timer on the registration page indicating that registration is about to expire.
Smedan is a very profitable opportunity for small business owners and entrepreneurs who want to expand their businesses to new heights. I hope the information provided here has given you an idea of what Smedan is and how it can help you scale your business. If you have any questions, please leave them in the comments section below. Thank you for your time.