SMEDAN and Zoho Launch ₦20bn Digital Credits for MSMEs

The Small and Medium Enterprises Development Agency (SMEDAN) has launched an initiative allowing 25,000 Nigerian micro, small, and medium-sized enterprises (MSMEs) to apply for digital credits totaling ₦20 billion. This program, in partnership with global cloud software provider Zoho, aims to alleviate financial pressures faced by small businesses due to inflation and high operational costs.

Eligible entrepreneurs will receive digital wallet credits to access over 60 Zoho applications that enhance productivity, financial management, and customer engagement. Key tools include Zoho Workplace for business email and collaboration, Bigin by Zoho CRM for customer management, and Zoho Books for accounting.

The initiative also offers workshops and training to help beneficiaries utilize these applications effectively. A valid 16-digit SMEDAN certificate identification number is required for application, and registration with SMEDAN is necessary for those without a certificate.

The application process is available on SMEDAN's official website.