Read our full guide: is it real, status and how to spot fakes →
GrantPilot does not give out this funding; Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) does. We help you find it, check it is real and get ready to apply.
Direct ₦50,000 cash grant for nano and micro businesses nationwide, designed for fast processing with minimal paperwork. You must show you can create at least one job.
Direct cash grant of ₦50,000 per beneficiary from the Small and Medium Enterprises Development Agency of Nigeria, available to nano and micro businesses across all 774 local governments. Designed for rapid processing with minimal paperwork requirements.
Not sure you qualify? Check in 60 seconds
Open to all nano and micro businesses. SMEDAN registration recommended (free). Applicants must demonstrate capacity to create at least one verifiable job. Minimal formal registration barriers.
Missing a business plan or CV? Write one for this funder · Build your CV
SMEDAN assesses applications based on the eligibility criteria and your demonstrated capacity to create employment. The scheme is designed for rapid processing, so turnaround is typically faster than other government grants. Once approved, funds are disbursed directly to your verified bank account. The sources do not detail the exact assessment timeline or appeal process.
What reviewers look for
Registration is recommended but not stated as mandatory in the programme rules. SMEDAN registration is free and streamlines the application process.
No. You must be operating as a nano or micro business, or have a concrete plan to start trading. The scheme is for active traders, not business concepts.
You must show that the ₦50,000 grant will result in at least one documented job—either by hiring an employee or formalising an existing role in your business.
No fixed deadline has been published. This appears to be a rolling scheme, meaning applications are accepted continuously until funds are exhausted or the programme closes.
This grant is designed for nano and micro traders—sole traders, hawkers, small workshop owners, and similar very small operations. If you employ more than 10 people or turnover exceeds typical micro enterprise levels, you may not qualify.
Guide written from the official programme page on 1 November 2026. Funders change their rules, so confirm the details on the official page before you apply.
MyBOI portal launched October 2, 2026, providing online access to BOI's conventional loans and non-interest financing facilities. Standard SME Loan starts at…
NigeriaManufacturingProcessingDebt financing platform managed by Cygnum Capital for the African Development Bank, offering flexible loans for renewable energy and clean energy projects…
One of the world's largest startup pitch competitions hosted by Silicon Valley-based Pegasus Tech Ventures, featuring over 100 regional events across six…
Nigeria
Kenya+2AllJoin business owners across Nigeria and Africa who get verified opportunities and deadline reminders straight to their phones. Free. The channels keep you updated; they do not guarantee funding.
Every grant, loan, investor and competition you can apply for, sorted by deadline, in one PDF.
Every Monday: new grants, loans and investors you can apply for, and the ones closing soon. Free, and you can unsubscribe any time.
Prefer a PDF? Get the free 2027 Funding Calendar
Hi 👋 I can help you find funding you qualify for, check if a programme is real, and get ready to apply. What would you like to know?