SMEDAN Sterling Bank 2023 Matching Fund Project 


Are you a graduate seeking for a job? Have you been job hunting for so long? Or have you been dreaming of being employed in the SMEDAN Sterling Bank? If your answer is in the affirmative to any of those questions above, then this golden opportunity is for you. We know you won’t let it slip you by. See Full Details on SMEDAN Sterling Bank Job Recruitment 

SMEDAN Sterling Bank 2023 Matching Fund Project

This intervention is to deliver credit to the sub-sector in six selected States, as a promotional mechanism to enhance enterprise output, competitiveness and job creation. The disbursing entity, under the programme shall be Sterling Bank Pic.

Programme Terms and Conditions:

  • Target Beneficiaries Definition: Target beneficiaries for this Programme shall be Nano, Micro and Small Enterprises (NMSEs) operating in the real sector with value-added agricultural products.
  • Financing available under the programme: Prospective beneficiaries may apply for financing within the range of N5OO Thousand to N2.5 million.
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Conditions/Terms applicable

  • The interest rate applicable on all financing under this programme shall not exceed single digit per annum.
  • The financing tenor is for a maximum period of 30 months, effective from the date of first disbursement.

This is inclusive of moratorium (which may vary between 3 – 6 months, depending on the type of enterprise.


Applicable Security:

  • The applicant/Enterprise must be within the Agribusiness value chain (Upstream, Midstream & Downstream)
  • The applicant/Enterprise must have CAC registration or State approved registration
  • A moveabie asset to be registered under the National Collateral Registry (NCR).

Application Closing Date: 25th December 2022

How to Apply

1. Portal Opening: NMSEs can apply by visiting (www.smedan.gov.ng), or click this link https://smecredits.com.ng/dist/index.php where pre-qualification of applicants shall commence.


2. Business Plans Submission: Pre-qualified applicants shall be required to pay a processing fee of ten thousand (N10,000 00) naira for the Business Plan template on the platform (Note: A separate training fee is not required)

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Call For Participation:

The joint programme partners, Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) and Sterling Bank Plc hereby invite applications from all suitably-qualified Nano, Micro and Small Enterprises (MSEs) located in the following state:

  1. Anambra,
  2. Bayelsa,
  3. Delta,
  4. Ebonyi,
  5. Ekiti and
  6. Osun.
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