Nigeria Investment Hub

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invest in fgn bond nigeriaWhat is a Bond?

A bond is a contract between a lender and a borrower, whereby the borrower agrees to pay the lender interest and repay principal at stipulated periods. It’s similar to an IOU, issued by the Government or a Corporate institution as a way of raising funds for particular projects.


When you purchase a bond, you are lending money to a government, local government council, state government, federal agency or a corporation, known as the issuer. The government uses it to fund budget deficit, for instance, or to build roads, electric power stations, finance factories, etc. When you purchase a bond, in return the issuer promises to pay you a specified rate of interest during the life of the bond and to repay the face value of the bond (the principal) when it ‘matures’




What is an FGN Bond?

FGN Bonds are Debt instruments or contracts issued by the Federal Government of Nigeria for an agreed period of time. The investor lends an amount of money to the government and earns interest on the investment until the maturity of the bond when the initial payments will be returned.



What are the Benefits of an FGN Bond to the investors?

  • It serves as risk-free investment
  • It is income is tax exempt
  • It provides relatively high and stable returns
  • The principal element ( collected at maturity) can be used as collateral for securing credit facilities from banks
  • Bondholders that want cash can trade the bonds on the floor of Nigeria Stock Exchange(NSE) for immediate cash before maturity
  • It qualifies as liquid assets for banks from two years to maturity



Who Can Invest in FGN Bonds?

Anyone can invest in a FGN bond. They can be individuals or corporate bodies.



When does the Government Issue Bonds?

The Government via the Debt Management Office DMO will first issue a primary auction. Freshly issued bonds usually takes place on the third Wednesday of every month.



Where Can I Buy an FGN?

You can buy from the following PMI’s. Just go to any of their branches and request for a form and guiddiance

  • Access Bank Plc.
  • Associated Discount House Ltd.
  • CitiBank Nigeria Ltd.
  • Consolidated Discounts Ltd.
  • Diamond Bank Plc.
  • Ecobank Nigeria Plc.
  • Fidelity Bank Plc.
  • First Bank of Nigeria Plc.
  • First City Monument Bank Plc.
  • FSDH Merchant Bank Ltd.
  • Guaranty Trust Bank Plc.
  • Kakawa Discount House Ltd
  • Stanbic IBTC Bank Plc.
  • Standard Chartered Bank Nigeria Ltd.
  • Union Bank of Nigeria Plc.
  • United Bank for Africa Plc.
  • Zenith Bank Plc.
What are the Bond Maturity Terms?

FGN Bonds have maturity years ranging from 5 years to 10 years to 20 years. The maturity of a bond is the number of years remaining for an already issued bond to mature (due for payment of principal)



How do I invest in FGN Bonds?

You can invest in bond through a Primary Dealer/market maker (PD/MMs). PD/MMs can be banks, investment houses, brokers etc. . To invest you approach your chosen PD/MMs and fill a form. In the form you fill your Personal Information, bank details for payment of your interest, CSCS nos, the amount you wish to invest, your bid interest rate and then sign. See Step by step process below:

How to invest in FGN Bond

1. Application forms can be obtained from any of the authorized dealers(PDMMs), or download from the DMO’s website

2. Complete the application forms and submit through any of the PDMMs

3. Common- price auction system is normally employed as opposed to multiple price auctions

4. Payments for the allotment are payable in full on application

5. Minimum of N10,000.00 and multiple of N1,000 thereafter

6. Investors can also access the FGN bonds after the auction through the secondary market

7. FGN bonds purchase is confirmed by registration in the depository (CSCS) or by issue of certificates

8. Interest is paid semi-annually until the maturity date when the principal amount is repaid

9. Payment of interest is through issue of interest warrant(cheque) or direct transfer to current or savings bank accounts

10. Bondholders who do not want to hold the bonds until maturity date can sell them at any time on the floors of Nigerian Stock Exchange or Over the Counter (OTC), through, any of the PDMMs



Why do I have to bid interest?

FGN Bonds are sold via an auction system where investors quote interest rates for bonds they wish to buy. As such, bond applications with interest rates that are below the minimum average interest rates otherwise called the marginal rate quoted are accepted and those higher may be rejected. For example, if the average minimum interest rate is 12% then bids below 12% will be accepted. Therefore different investors can have different interest rates provided it falls below the minimum average bid price. Someone can have 10% another 11%, 9%, 10.5% etc.



What is the Marginal Rate for Bonds and How does it work?

Bonds like any other asset is affected by the interest rate pressures. As such despite the coupon rates the FG indicates it will pay bond purchasers and sellers determine the price of a bond based its expected yield. For example, FG Offer for sale FGN Bond with a coupon rate of 10%. As such N100 unit (bond price) of the bond will earn N10 in coupon interest. However, when you are about to buy the marginal rate determines the price you pay. So, if the marginal rate is 13%, you pay N76.9 for a bond with a Face Value of N100 per unit. This is derived at by dividing the fixed coupon N10 by the expected yield 13% (10/0.13) to arrive at N76.9. As such the N10 coupon that will produce a yield of 13% will be based on a price of N76.9. So basically when the yield is higher than the coupon the bond price is sold at a discount and when the premium is higher than the yield the bond price is sold at a premium.



What if I lose my bid is there still a way I can buy?

You can buy or sell bonds at the secondary market. So for those who do not wish to hold to maturity they can just go to the Over The Counter (OTC) market on the floor of the Nigerian Stock Exchange and buy. The secondary market is open from 10am to 2pm Monday to Friday. The minimum investments are 50 million and 100 million per transaction.



How Quickly Can I convert Bonds to Cash?

If you do not wish to hold to maturity, you can convert bonds to cash to selling on the secondary market through your PD/MMS who are mandated to give a two way bid/offer price. Because bonds are typically stated in of 50million and 100million amounts below are generally illiquid in the secondary market and are sold on a best effort basis.



When is the interest paid?

The coupon Interest on FGN Bonds are paid semi annually.



Where will my Interest Payment be paid to?

Your interest payment will be credited to the account that you indicated when you filled the form.



Can my interest payments be rolled over on top of the principal?

No. The coupon is not rolled over automatically. It is credited to your accounts as cash. However, you can then use the interest to purchase the next round of bond sales should you want to enjoy the benefits of compounding interest.



Are the Interests Tax Free?

Yes it is Tax free as you do not pay tax on the interest



What Security do I have?

FGN Bonds are secured by the full faith and credit of the Federal Government of Nigeria. Their default capability is close to zero



What affects the Bond Price?

The Bond price is affected by the yield. The higher the yield the lower the price. For example a Bond Price originally cost N100 at 10% coupon rate (N10 interest). The price drops to N90 due to forces of demand and supply. The yield is therefore the N10 divided by the N90 0r 11.1% price in the hand of a new purchaser.



What other Factors affect Bond Price?

a. The credit status of the issuer
b. The forces of demand & supply of such securities
c. The inflation and interest rate movements
d. Activities and performances of the equities market.


What is the difference between a bond and a stock?

The key difference between stocks and bond is that stocks make no promise about dividends or returns, but when the Government Issue a bond, it guarantees to pay back your principal (the face value) plus interest. If you buy the bond and hold it to maturity, you know exactly how much you are going to get back. That is why bonds are also known as ‘fixed-income’ investment – you are sure of a steady payback or yearly income.

The buyer of stocks or shares in a company has purchased part of the equity and becomes part –owner. He is only entitled to dividend declared by the company when it makes profit.



What are the types of Bonds?

  • Sovereign Bond(such as FGN Bond)

When you buy FGN bonds you are lending funds to the federal government for a specified period of time. The FGN bond is considered as the safest of all the investments because it is backed by the ‘full faith and credit’ of the government. They have no default risk, meaning that it is virtually certain your interest and principal will be paid as and when due. The income you earn is exempted from state and local taxes.

  • State and Local Government Council Bonds

When you purchase state and local government council bonds you are lending to the issuers who promise to pay you a specified amount of interest (usually semi – annually) and return the principal to you on a specific maturity date. State and local government bonds are debt obligation issued by the state government, local government councils and other governmental entities to raise money to build schools, roads, hospitals as well as other projects for public good.

  • Government Sponsored Enterprise Bond

These are bonds that help support project relevant to public policies, such as helping certain groups, such as farmers, homeowners, students, etc to raise money for financing specific projects. These bonds do not carry the full-faith and-credit of government. The investors are likely to hold them in high regard because they have been issued by a government agency.

  • Corporate Bond

Corporate bond are debt obligation issued by private or public corporations. The corporations use the funds for building facilities, purchase of equipment to expand the business, etc. When you purchase corporate bond, the corporation promises to return your money, or principal at maturity date, but you are being paid interest semi – annually. The interests you receive are taxable. Corporate bonds do not give you an ownership interest in the issuing corporation.

Are there Risk and Reward in investing in bond?

Any time you lend money you run the risk that it will not be paid back – credit risk. Another source of risk for certain bonds (bond with call option) is that your loan may be paid back early, or ‘called’ this is known as prepayment risk. When you buy a bond, the prospectus will indicate whether a bond is callable and give you a ‘yield-to-call’ figure. The greatest danger for a buy –and-hold bond to an investor is rising inflation rate – inflation risk. A rise in inflation makes prices fall and yields-or interest rates-rise. However, inflation risk, credit risk and prepayment risk are all figured into the pricing of bonds. The more the risk the higher the yield. Investors demand higher yields for longer maturities, as the longer you tie your money up in a bond the more at-risk.



Why should I invest in FGN bond?

  • Retirement
  • Starting or expanding a business
  • Settlement after apprenticeship
  • Pay children school fees in future(e.g for University education)
  • Building a house
  • Future projects by town unions, associations, student union
  • To fund future social events such as Marriages and weddings, etc
  • Settlement of pension insurance obligation( for Corporate Fund Managers), etc



What are the benefits of FGN bonds to the Economy?

  • It fosters economic development by promoting the use of lon-term funds for lon-term investment in the economy
  • It serves as an efficient way of mobilizing domestic financial resources for productive investment in a non-inflationary manner
  • It allows self reliance of the country by reducing over reliance on short-term borrowing form CBN & commercial banks
  • It provides a basic infrastructure for the development of the financial system and the overall economy
  • It serves as a diversified portfolio investment outlet to corporate and individual investors



What are the benefits of FGN bonds to the Government?

  • It helps government funds its deficits in a non-inflationary manner
  • It provides benchmark yield-curve for pricing other securities/bonds
  • It engenders rational management of Government’s fiscal and monetary operations
  • It provides the basic infrastructure for the development of the financial system and the overall economy
  • It strengthens the implementation of monetary policy by the Central Bank of Nigeria
  • It introduces transparency, discipline and stability in the financial system



What is dematerialization of bond certificates?

It is a term which describes a shift from issuance of physical certificate to an electronic form. It involves the use of a depository, in this case, the Central Securities Clearing Systems Ltd(CSCS) which provides the platform for the securities.

Although DMO still issues physical certificates on request, modern securities trading system de-emphasizes the use of physical certificates. Advancement in electronic communication and custodian services allow book-entry records and trade verification which has made trading more reliable and easier to manage than the use of physical certificates.



How can I be aware of the forth coming issues?

  • National Dailies
  • DMO Website –  FGN bond Issuance Calendar


Which Government Agency Manages the FGN Bond?

The Debt Management Office (DMO) is the Government agency that manages the FGN Bond. DMO  was established on 4th October, 2000 to centrally coordinate the management of Nigeria’s debt, which was hitherto being done by a myriad of establishments in an uncoordinated fashion. This diffused debt management strategy led to inefficiencies. For instance, in the Federal Ministry of Finance(FMF) alone, four different departments have functions for the management of external debt in the following format click here for more info about DMO

The DMO was established on 4th October, 2000 to centrally coordinate the management of Nigeria’s debt, which was hitherto being done by a myriad of establishments in an uncoordinated fashion. This diffused debt management strategy led to inefficiencies. For instance, in the FMF alone, four different departments have functions for the management of external debt in the following format:

  • External Finance Department: responsible for all Paris Club debts and for the management of public debt statistics;
  • Multilateral Institutions Department: responsible for relationships with all multilateral institutions (excluding the African Development Bank and its subsidiaries such as ADF and the NTF, which is handled by the ABER Department). It is also responsible for managing and servicing multilateral debt;
  • Africa and Bilateral Economic Relations (ABER) Department: responsible for liaising with the ADB and its subsidiaries, ECOWAS, and all non-Paris Club bilateral creditors;
  • Treasury Department (OAGF): responsible for issuing mandate to the CBN for payment of all external debts;
  • Foreign Exchange and Trade Relations Department: responsible for issuing reconfirmation for payment externalization to the CBN and for documenting repayment and servicing of external debts;

In the CBN, the following departments had some involvement with external debt

  • Debt Management Department: responsible for the London Club debts consisting of trade debts, par bonds, and promissory notes;
  • Debt Conversion Committee: responsible for managing various debt conversion options such as debt-for-debt, debt-for-equity, debt-for-export, debt-fornature, and debt-for-development; and
  • Various departments: responsible for processing and effecting loan repayments on behalf of all the other agencies or departments of government listed above.

This diffusion in the management of public debt created fundamental problems, including the following:

Operational inefficiency and poor coordination;

  • Inadequate debt data recording system and poor information flow across agencies with consequent inaccurate and incomplete debt records;
  • Extreme difficulty in the verification of creditors’ claims due to conflicting figures from the various bodies handling the debt management function;
  • Complicated and inefficient debt service arrangements, which created protracted payment procedure and often led to penalties that added to the nation’s debt stock;
  • Inadequate manpower and poor incentive systems for the affected personnel, which affected outputs and performance;
  • Lack of consistent well-defined borrowing policies and debt management strategies;

The consideration of these myriad problems led government to support the establishment of a relatively autonomous debt management office, which resulted in the formation of the DMO in October 2000. The need for the creation of a separate public debt management office was therefore aimed at achieving the following advantages:

  • Good debt management practices that make positive impact on economic growth and national development, particularly in reducing debt stock and cost of public debt servicing in a manner that saves resources for investment in poverty reduction programs;
  • Prudently raising financing to fund government deficits at affordable costs and manageable risks in the medium- and long-term;
  • Achieving positive impact on overall macroeconomic management, including monetary and fiscal policies;
  • Consciously avoiding debt crisis and achieving an orderly growth and development of the national economy;
  • Improving the nation’s borrowing capacity and its ability to manage debt efficiently in promoting economic growth and national development;
  • Projecting and promoting a good image of Nigeria as a disciplined and organized nation, capable of managing its assets and liabilities;
  • Providing opportunity for professionalism and good practice in nation building;



Debt Management Office
NDIC Building (1st Floor),
Plot 447/448 Constitution Avenue, Central Business District,
P.M.B. 532, Garki Abuja, Nigeria.

Telephone: +234-9-876 7121, +234-9-876 7122
Fax: +234-9-523 7396

Fladio International Nigeria Limited, parent company of the globally reknowned just launched a new website is a member of Fladio International Nigeria Limited. We assist existing and new business ventures to flourish in Nigeria and across the Globe. We gather relevant and publish relevant business information ranging from investment opportunities to marketing your products/services, from Managing your Business to Partnering with, from discussing on our business forum to hiring as your Business Consultant among others.

We are a real business company manned by professionals with extensive track record in the public and private sector. Our Team Comprises of Bankers, Civil Servants, Food Scientist, Computer Scientist, Marketers, Successful entrepreneurs among others.


Business Day –
Vanguard –
ThisDay –
The Nation –
The SUN –
The Punch –
Daily Trust –
Daily Independent –
Daily Champion –
Daily Tribune – http://http//


  • Federal Radio Corporation –
  • National Broadcasting Commission –
  • National Film & Video Censors Board –
  • News Agency Of Nigeria –
  • Nigerian Film Corporation –
  • Nigerian Press Council –
  • Nigeria Television Authority –
  • Voice Of Nigeria –
  • Advertising Practitioners Council Of Nigeria –
  • Federal Ministry of Information –



Bureau Of Public Enterprises –
Central Bank Of Nigeria –
Corporate Affairs Commission (CAC) –
Department Of Petroleum Resources –
Federal Capital Territory Administration –
Federal Civil Service Commission –

BOA is Nigeria’s premier agricultural and rural development finance Bank-of-Agriculture-BOAinstitution, 100% wholly owned by the federal government of Nigeria. The ownership structure is – Central Bank of Nigeria (CBN) 40% and Federal Ministry of Finance Incorporated 60%. Bank of Agriculture Limited is supervised by Federal Ministry of Agriculture.

The Bank was incorporated as Nigerian Agricultural Bank (NAB) in 1973 and in 1978, was renamed Nigerian Agricultural and Cooperative Bank (NACB).

Subsequently in 2000, it was merged with the People’s Bank of Nigeria (PBN) and took over the risk assets of Family Economic Advancement Programme (FEAP) to become Nigerian Agricultural Cooperative and Rural Development Bank Limited (NACRDB, a name that has always be considered too long and unwieldy.

A plan to reposition the Bank into an effective and sustainable national agricultural and rural development finance institution in 2010 led to a further name change to Bank of Agriculture Limited (BOA).
Profile and values
We provide affordable credit facilities to segments of the Nigerian society who have little access to the services of conventional banks. We accept savings deposit from customers and encourage banking habits at the grass-roots.

At Bank of Agriculture we create opportunities for self-employment in the rural areas, thereby reducing rural-urban migration. We augment government efforts in the diversification of the productive base of the national economy.
Other areas of our mandate include the promotion of capacity building through the provision of relevant training and advisory services, encouraging the formation of cooperative societies at all levels, and fostering an accelerated growth
and development of the agricultural and rural economy.
Keypoints & strategy

Bank of Agriculture positioning strategy is anchored on Three Direction Points (TDPs); a tripod of Modernization,
Institutional capacity enhancement, and Refocusing on the Bank’s key mandates.

We will continue our corporate rebranding, enhancement of information technology and upgrade of working environment and
tools as elements of the modernization program.

A continued Refocusing of the Bank has involved a reorganizing of the bank and improving its processes to ensure effective
delivery of agricultural and rural finance services on a sustainable basis to support the national economic development
agenda towards achieving Nigeria’s vision 20:20:20.

We will emphasize the improvement of access to finance, and effectiveness of agricultural and rural development in view of
the importance of this sector to national development.
Head Office, Yakubu Gowon Way, Kaduna, Kaduna State, Nigeria.

07040202222; 07042262222



Abuja Enterprise Agency (AEA) is the FCT vehicle for Small and Abuja Enterprise Agency (AEA)Medium Enterprise (SME) developmentabout us and poverty  reduction. The Agency was set up by the Federal Capital Territory Administration (FCTA) in collaboration with the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), and with support of the United Kingdom’s Department for International Development (DFID).


  • To champion the awareness of the importance of entrepreneurship within the FCT.
  • To provide excellent support services to new and existing businesses.
  • To encourage and promote ethical business practices amongst the local business community.
  • To facilitate or provide workspace for new and growing businesses
  • To facilitate access to finance for viable business proposals.
  • To support businesses to overcome barriers imposed by bureaucratic bottlenecks
  • To encourage and promote the use of technology.


  • Outreach Services: Delivering business awareness and sensitization to FCT residents and micro businesses in the Area Council.
  • Training Services: Providing entrepreneurial skills acquisition and development.
  • Research Services: Providing comprehensive and up-to-date information on new/existing business opportunities.
  • Business Counselling: Providing one to one confidential interactive and advisory business sessions.
  • Mentoring: Providing Linkage between start-ups and successful existing enterprises.
  • Internet and Library Services: One stop resource centre featuring secretariat services, SME development books, both in electronic and hard materials for members.
  • Business Clinics: Facilitating affordable and accessible business registration and information on regulatory needs e.g. [CAC, NIPC, NAFDAC]
  • Abuja SME Online: Electronic Directory for showcasing, promoting and advertising FCT businesses to the world.
  • Workspace Facilitation: Providing advice and support on identifying and securing business workspace.
  • Consultancy: Providing institutional support on design, development and execution of ideas, projects for business outfit (e.g. recruiting, branding).
  • Access to Finance: Accessing needs and facilitating access to microfinance, commercial funds and leasing.
  • Policy Advocacy: Identifying and Securing suitable enabling environment and conditions for enterprises.

AEA Entrepreneurial Complex
Plot 74, Sector Centre A Cadastral Zone B15, Jahi, Abuja, FCT
P.O.Box: 9734, Garki, Abuja, Nigeria.




The Nigerian Export Promotion Council (NEPC) was established nepcthrough the promulgation of the Nigerian Export Promotion 

Decree No. 26 of 1976 and formally inaugurated in March, 1977. This act was amended by Decree No.72 of 1979 and further
amended by the Nigerian Export Promotion Decree No. 41 of 1988 and complimented by the Export (Incentives and
Miscellaneous Provisions) Decree No. 18 of 1986.

Furthermore, the Nigerian Export Promotion Council Amendment Decree No.64 of 1992 was promulgated to enhance the
performance of the Council by minimizing bureaucratic bottlenecks and increasing autonomy in dealing with members of the
Organised private sector. The Council has a governing Board drawn from both the Public and the Private sectors.

Our Vision
Make the non-oil export a significant contributor to Nigeria’s GDP

Our Mission
We facilitate exports to promote sustainable economic development

Our Strategy
Our overall strategy is to diversify the productive base of the economy away from oil and to foster market -oriented,
private sector-driven economy.

What We Do

The statutory roles of the Nigerian Export promotion Council are:

  • To promote the development and diversification of Nigerian’s export trade.
  • To assist in promoting the development of export related industries in Nigeria.
  • To spearhead the creation of appropriate export incentives.
  • To actively articulate and promote the implementation of export polices and programs of the Nigerian Government.

Core Activities

  • Trade Information Service
  • Products and Market Development
  • Administration of export and Incentives
  • Human Resources Training and Development on exports
  • Coordination and co-operation with multi-lateral Institution: such as International Trade Center (ITC), United Nations
  • Development Programme (UNDP), World Bank etc.


Contact Address

Corporate Headquarters
1 Lake Taal Close,
Off Aguiyi Ironsi Street,
Maitama, Abuja, Nigeria



+234 (9) 870 7025

The NACCIMA established in 1960, is the umbrella organization forNACCIMA all the various affiliate member chambers within the 

country. The Association’s membership is voluntary and it encompasses City, State and Bilateral Chambers,
Business/Professional Association and Corporate Bodies.. It champions the course of business through its advocacy role and
influence public policies that promote free enterprise. The perspective of the NACCIMA is in accordance with contemporary
ideas of the chambers of Commerce Movement in a relatively free enterprise economy the world over.

The NACCIMA is a foundation member of the Federation of the West African Chambers of Commerce which provides the common
platform for economic operators in the West African sub-region which is covered by the Economic Community of West African
States. The Association is also member of International Chamber of Commerce, ICC headquartered in Paris and the African
Chambers of Commerce, Head Office of which is in Cairo.

In fulfillment of its mandate, the NACCIMA in collaboration with the Centre for International Private Enterprise (CIPE),
Washing, D.C. mounted a number of programmes in support of the emerging market economy in the country since the late
eighties. Such programme includes public policy Advocacy, Capacity Building for Chamber of Commerce and Business
Associations, Business Participation in the Legislative Process, Training for journalists on Business and Economic
Reporting and Watch-Dog Function on Economic policies.

NACCIMA publishes and circulates widely its Newsletters, Business Agenda, Legislative Alert, which have over the years
proved to be veritable sources of information and ideas for government officials, local and foreign business operators,
including the media.



The NACCIMA offers programmes and services generally, to serve the business needs of its membership. We are committed to
the success of the enterprises of all the Companies of our member Chambers, and Association, Corporate members, etc. By
investing in the Association, you will join an Association actively working to impact on the success of your organisation.
Some of NACCIMA membership tangible benefits are outlined below:



Educating and informing members on investment opportunities
Organizing seminars, workshops and training programmes for Corporate
Members, Business/Professional Associations, the Press and Members and Chambers of the Association



  • Informing members about Federal Legislative Development
  • Encouraging and equipping members to express personal and knowledgeable vies on Legislative issues to their legislators
  • and Governmental regulations i.e. Public Advocacy programmes
  • Assisting Federal Government by furnishing facts, statistics etc., covering industry and services.
  • Maintaining a legislative or Government Relation’s Committee to study and make recommendation concerning rational legislative issues.
  • Assisting members in connection with tariff and trade agreement
  • Representing members in tariff negotiation.
  • Lobbying to accomplish objectives of its membership
  • Nominating members to serve on Government approved Boards, Commissions and Committees.



Conducting research activities on economic and social issues affecting business and economy.
Submission of inputs (pre/post) annual budget to the Federal Government.
Designing studies to improve products and/or services of members
Providing data on business and the economy



News letters i.e. NACCIMA News and Economic Policy Watch
NACCIMA Business Directory and Nigeria Guide
Handbooks and manual
National Business Agenda
Annual Reports
Annual Wall Calendar
Legislative Alert

Ensuring that members adhere to business codes and ethics
Issuing Attestation letters to members
Issuing Referral to members on Visa Procurement
Creating a number of networking opportunities
Acting as a clearing house for business.

Maintaining an on-going relationship between the Association and the media
Providing trade and professional journals with information on development about the services of members.
Providing members with information needed to grow their business, Associations and Chambers.
Conducting working visits to City/State Chambers, Corporate Organizations and Business/Professional Associations to meet
and discuss common problems and finding lasting solution.
Providing mass media with stories and Press Releases concerning the Association.
8A, Oba Akinjobi Road, G.R.A. Ikeja – Lagos.
P.M.B. 12816,Lagos, Nigeria.



(+234) 017612099

Abuja Liaison Office
Plot 701B, Central Business District, Opposite Central Mosque,Abuja
Telephone: (+234) 08174624529

The mandate of SMEDAN as contained in the enabling Act can be smedansummarized as follows:

Stimulating, monitoring and coordinating the development of the MSMEs sub-sector;
Initiating and articulating policy ideas for small and medium enterprises growth and development;
Promoting and facilitating development programmes, instruments and support services to accelerate the development and
modernization of MSME operations;

Serving as vanguard for rural industrialization, poverty reduction, job creation and enhanced livelihoods;
Linking MSMEs to internal and external sources of finance, appropriate technology, technical skills as well as to large
Promoting and providing access to industrial infrastructures such as layouts, incubators, industrial parks;
Intermediating between MSMEs and Government [SMEDAN is the voice of the MSMEs];
Working in contact with other institutions in both public and private sector to create a good enabling environment of
business in general, and MSME activities in particular.

Our Guiding Principle
Outreach: We like to reach as many MSMEs as are crucial and imperative to achieve the goal of an MSME led economic growth,
industrialization and job creation

  • Sustainability: We deliverately create exit strategies, whenever necessary to avoid over-dependence on subsidy
  • Impact: We are committed to delivering measurable results
  • Efficiency: We cherish quality service delivery by our Agency on one hand, and the MSMEs on the other, in the most cost-efficient manner.

What can SMEDAN do for us?

1: What can SMEDAN do for us?
(a) It provides information on raw materials, machinery, equipment, market and the activities of agencies of governments
such as SON, NAFDAC, CAC, FIRS. Information is avilable from SMEDAN’s head office, Business Support Centre (BSC’s) and
from website
(b) It provides Training and capacity building in areas such as book keeping and accounts management, preparation of
business plans, quality control, computer (or IT) appreciation
(c) Access to Finance
(d) Access to improved work space (through industrial parks)
(e) Mentoring
(f) Advisory services
(g) Facilitation of linkages and / or cooperation with other enterprises for improved production
2: How do I generate a business idea?
Every business enterprise starts as an idea which is then translated into a product or service that a customer need or
prepared to pay for:
Business ideas can be generated through reading of books, newspapers/journals, interactions with friends and family
members, your hobbies; your acedemic training, happenings in your immediate environment or gaps created by existing
products. SMEDAN also offers you assistance in business idea generation and evaluation.

3. How do I develop/Write business plan proposal?
There are many Business Development Service Providers (BDSPs) that can help. SMEDAN can assist you to identify some of
them. Furthermore, SMEDAN, through her Head office and the Business Support Centres, would provide model business plans to
start the process

4. How do I get information on Human Resources/Personnel?
Through friends, referrals and employment agencies. Also through SMEDAN Business Support Centre. Employ only somebody you
cna fire if need be.

5. Where do I get market informatin for my product?
(i) From Business Investment profiles developed by SMEDAN
(ii) At SMEDAN Business Clinic operating at our Headquarters in Abuja
(iii) At all the Business Support Centres across the states
(iv) At the Business Information Centres
(v) Visit out website (

6. Can SMEDAN assist in the drafting of standard Business Profile/plan or feasible Study?
Yes. Ask from the Agency’s head office or any of the Business Support Centres in the states.

7. What are the conditions for obtaining SMEDAN loans?
SMEDAN does not give loans, but can facilitate the access of MSMEs to loans from her partnering financial institutions and
from other specialized micro finance schemes. However, in discharging this facilitation, SMEDAN also ensures that MSMEs,
meet the conditions specified in question 9.

8. What do I do to get a loan from the bank?
(i) Clients must have an account with the bank.
(ii) There must be an application for loan indicating how much is required and the purpose
(iii) Applicant must include the following documents:
-Business Plan/Feasibility Study
-Company Information
-Financial Data
(iv) Owners invest at least 25% of total project cost, excluding land

9. How long does it take SMEDAN to appraise the project proposal of an SME and send it to the financing partners?
SMEDAN’s evaluation of projects takes less than a week if all the appropriate details are included. After our evaluation,
the project is passed on to the development finance institution or Commercial Bank who may also carry out further
evaluation before funding the project.

10. Apart from commercial banks, what are theother sources of financing available to MSMEs?
(i) Personal Savings
(ii) Loans form friends/partners and relatives including savings club (Esusu) etc.
(iii) Co-operative socieities / Credit Union or through SMEDAN facilitation to facilities
(iv) Community Banks
(v) Specialized micro finance schemes (e.g. NAPEP’s Multipartner Micro Finance Scheme)
(vi) Government Development finance institutions such as Bank of Industry (BOI) and the Nigeria Agricultural, Co-operative
and Rural Development Bank (NACRBD)

11. How does one register one’s company?
Registration of Companies in Nigeia is the sole responsibility of the Corporate Affairs Commission (CAC). However, SMEDAN
facilitates SMES registration with CAC as part of her corporate responsibilities. Furthermore, SMEDAN facilitates the
registration of MSMEs with the Standard Organization of Nigeria (SON) and National Agency for Food and Drug Administration
and Control (NAFDAC)

12: What is SMEDAN’s relationship with Standard Organization of Nigeria (SON), NAFDAC, Export Promotions Council and other
Regulatory Agencies?
Ans: Smedan is in partnership with all the above named Regulatory bodies for the benefit of MSMEs. SMEDAN provides the
MSMEs all the needed information to enable them fulfil the requirements of the regulatory Agecies and also helps in
packaging the MSMEs where necessary.

13: How can I obtain information about the entrepreneurs interested inthe same line of business or join a group?
(i) By registering with a Business Membership Organization
(ii) By discussing with SMEDAN, either at her Head office or at any of the BSCs
(iii) One of SMEDAN’s major programme is to promote enterprise co-operation (in form of clusters) and linkages (especially
with large enterprises).

No 35 Port Harcourt Crescent Area 11 Garki Abuja, FCT, Nigeria.