1. NEDEP
The NEDEP, coordinated by Nigeria’s Small and Medium Enterprise Development Agency (“SMEDAN”), is based on experience in successful similar venture development initiatives in Africa and Asia and in OLOP pilot projects in Kano and Niger.
2. Benefits/Potentials of NEDEP
- a. It aims to create an estimated 5.0 million direct and indirect jobs
- b. It will revive the rural economy in rural Nigeria, improve employment opportunities, create wealth and alleviate poverty. This will be done through the establishment of sustainable MSMEs in 774 Local Government Areas (LGAs) based on comparative and competitive advantages.
- c. Promoting entrepreneurial culture, industrialization of rural areas, enhanced industrial cluster development, increase in contribution of MSMEs to GDP, increase in export potential, etc.
- d. Elimination of youth restiveness, militancy and other social vices (e.g. kidnapping, extremists’ insurgence like boko haram, prostitution, armed robbery, drug abuse, thuggery, etc).
- e. Entrenchment of social security system in Nigeria.
3. Attributes of NEDEP
- a. Delivery by 3 Agencies (SMEDAN, ITF, BOI)
- b. Formation and registration of Cooperative Societies
- c. National and State Council on MSMEs
d. Restructuring of implementing Agencies (SMEDAN, BOI, ITF) - e. Implementation of the One Local Government One Product (OLOP) programme.
- f. Development of One Product for Export in each State
- g. Upgrading of Industrial Development Centres (IDCs) to MSMEs Clusters
- h. Provision of Common Facilities & Services
- i. Continuous Engagement, Monitoring & Reporting System
4. Implementation strategies
- a. Sensitization and needs assessment
- b. Selection of products
- c. Baseline surveys and value chain analysis
- d. Formation and registration of cooperative societies
- e. Development of business plans by cooperative societies
- f. Assessment of business plans and provision of finance
- g. Access to markets
- h. Access to equipment/machines
- i. Entrepreneurship training
- j. Vocational skills training
- k. Delivery of Business Development Service (BDS)
- l. Monitoring and evaluation (impact assessment)
5. Current activity
- a. Formation and registration of cooperative societies
- b. Collection of business plans from cooperative societies across the country.
How To Apply NEDEP Loan 2022
For more information, please visit: http://nedep.boinigeria.com/
How to get a NEDEP loan from SMEDAN
To get a loan from SMEDAN in its pool, follow these steps:
1. Visit the SMEDAN Credit Information Portal
The first step is to go to the credit information portal. You can access the portal from your computer, tablet or phone.
2. Choose the type of loan you want
The next step is to select the type of loan you want, click on Access Loan on the top menu. There are four types of debt, including personal debt: helping individuals achieve their goals faster; Commercial Debt: Aiming To Help Businesses Grow, Mortgage Loans: Helping To Acquire Wealth And Generally Nature’s Long Term Purpose.
3. Provide the required information
You will be asked to provide the required information, such as creating a profile. You must provide accurate information. Required information will include the purpose of the loan, your age, employment status and how much you need.
4. Get loan options
Once you have completed the required information, you can click ‘Check Availability’. You should be able to see the loan options available based on the information you provide.
5. Apply for a loan
Go through the results. You will see the loan requirements and interest rates for each of them. Once you find one that works for you, you apply. Just click on “View Details and Apply”. Then click “Start”.
Ultimately, we can all agree that one of the hardest parts of being an entrepreneur is finding the next opportunity to make it big in business. As a business owner, your job is to distinguish good opportunities from wise ones so that they can make smart decisions that will move you forward in the long run.
Share on Facebook «||» Share on Twitter «||» Share on Reddit «||» Share on LinkedIn