National Enterprise Development Programme (NEDEP) Loan 2022 for SMEs and Cooperatives
The Micro, Small and Medium Enterprises (“MSME”) represents one of, if not the most important sector of our economy. It currently represents 96% of the businesses in Nigeria and contributes 75% of the National employment. Of the 17.2 million MSMEs in Nigeria, over 17 million are micro-enterprises.
Thus, growth in this sector is directly correlated with growth in the economy as a whole and in the level of employment throughout Nigeria.
There is no doubt that a nurtured and well structured MSMEs sub-sector can contribute significantly to employment generation, wealth creation, poverty reduction and sustainable economic growth and development in Nigeria.
However, a number of challenges are inhibiting the potentials of MSMEs in Nigeria. Prominent among these challenges are:
a) Very low access to affordable finance.
b) Poor access to Business Development Service (BDS), and
c) Inadequate infrastructure/high cost of doing business.
For example, a recent National Bureau of Statistics (NBS)/SMEDAN survey of MSMEs reported that 73.24% of the topmost priority of assistance needed by MSMEs’ operators is finance.
How To Apply NEDEP Loan 2022
For more information, please visit: http://nedep.boinigeria.com/
Please click to Download the Guideline and criteria for accessing NEDEP Loan
Cooperative Questionnaire-checklist (Repaired) Guidline & Criteria
Stand alone Questionnaire-checklist Guideline & Croteria