SMEDAN and Zoho Launch N20bn Digital Credit for SMEs

The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has partnered with global company Zoho to offer wallet credits worth up to N20 billion to 25,000 Nigerian small and medium enterprises (SMEs). This initiative aims to alleviate the financial burden of accessing essential digital tools for business operations.

Eligible businesses will gain access to more than 60 cloud-based applications from Zoho, including Zoho Workplace, Bigin by Zoho CRM, and Zoho Books. The program is designed to help SMEs improve operational efficiency, productivity, and competitiveness in a digital marketplace.

Key features include training sessions, workshops, one-on-one consultations, and ongoing technical support to ensure effective use of the technology. SMEDAN Director-General Charles Odii stated that the agency's goal is to assist small businesses in transitioning from mere survival to sustainable growth.

This digital support aligns with SMEDAN's GROW Nigerian strategy, which emphasizes formalization, access to finance, and digital adoption.