NATIONAL ENTERPRISE DEVELOPMENT PROGRAMME (NEDEP) 2022/2023 LOAN APPLICATION FOR SMEs AND COOPERATIVES

NATIONAL ENTERPRISE DEVELOPMENT PROGRAMME (NEDEP) 2022/2023 LOAN APPLICATION FOR SMEs AND COOPERATIVES 
NATIONAL ENTERPRISE DEVELOPMENT PROGRAMME (NEDEP) 2022/2023 LOAN APPLICATION FOR SMEs AND COOPERATIVES 

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NATIONAL ENTERPRISE DEVELOPMENT PROGRAMME (NEDEP) 2022/2023 LOAN APPLICATION 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. In addition, only 4.2% of 17.2 million MSMEs have been able to access loans or overdrafts from financial institutions while new entrants or start-ups find it practically impossible to access funds from banks.

In order to address these challenges the “NATIONAL ENTERPRISE DEVELOPMENT PROGRAMME (NEDEP)” wasinitiated by the Honourable Minister of Industry, Trade and Investment, Mr. Olusegun Aganga, CON.The programme, which isaimed at generating an estimated 5.0 million direct and indirect jobsbetween 2013 and 2015, is focusing on Skills Acquisition, Entrepreneurship Training/Business Development Service (BDS) and Access to Finance. The entrepreneurship training/business development service component is being implemented under the One Local Government One Product (OLOP) platform while the access to finance component is being handled by the Bank of Industry (BOI) and the skills acquisition by the Industrial Training Fund (ITF).

The NEDEP, which is being coordinated by the Small and Medium Enterprises Development Agency of Nigeria (“SMEDAN”) is guided by empirical research based on experiences of successful similar enterprise development initiatives in Africa and Asia and the OLOP pilot projects in Kano and Niger States.

2. Benefits/Potentials of NEDEP

a.      It is aimed at generating an estimated 5.0 million direct and      indirect jobs between 2013 and 2015.

b.      It willrevitalize the rural economy, improve employment    opportunities, create wealth and alleviate poverty in rural areas in     Nigeria. This will be done through the establishment of sustainable MSMEs in the 774 Local Government Areas (LGAs) based on   comparative and competitive advantages.

c.      Entrenchment of entrepreneurial culture, industrialization of rural areas, enhanced industrial cluster development, increased MSMEs contribution to GDP, increased export potentials, etc.

d.      Elimination of youth restiveness, militancy and other social vices (e.g. kidnapping, extremists’ insurgence like boko haram, prostitution, armed robbery, drug abuse, thuggery, etc).

e.      Entrenchment of social security system in Nigeria.

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3. Attributes of NEDEP

a.      Delivery by 3 Agencies (SMEDAN, ITF, BOI)

b.      Formation and registration of Cooperative Societies

c.      National and State Council on MSMEs

d.      Restructuring of implementing Agencies (SMEDAN, BOI, ITF)

e.      Implementation of the One Local Government One Product      (OLOP) programme.

f.        Development of One Product for Export in each State

g.      Upgrading of Industrial Development Centres (IDCs) to MSMEs   Clusters

h.       Provision of Common Facilities & Services

i.        Continuous Engagement, Monitoring & Reporting System

4. Implementation strategies

a.      Sensitization and needs assessment

b.      Selection of products

c.      Baseline surveys and value chain analysis

d.      Formation and registration of cooperative societies

e.      Development of business plans by cooperative societies

f.        Assessment of business plans and provision of finance

g.      Access to markets

h.       Access to equipment/machines

i.        Entrepreneurship training

j.        Vocational skills training

k.       Delivery of Business Development Service (BDS)

l.        Monitoring and evaluation (impact assessment)

5. Current activity

a.      Formation and registration of cooperative societies

b.      Collection of business plans from cooperative societies across the  country.

 

How To Apply

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

 

NATIONAL ENTERPRISE DEVELOPMENT PROGRAMME (NEDEP) 2022/2023 LOAN APPLICATION FOR SMEs AND COOPERATIVES 

 

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NATIONAL ENTERPRISE DEVELOPMENT PROGRAMME (NEDEP) 2022/2023 LOAN APPLICATION FOR SMEs AND COOPERATIVES 

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NATIONAL ENTERPRISE DEVELOPMENT PROGRAMME (NEDEP) 2022/2023 LOAN APPLICATION FOR SMEs AND COOPERATIVES 

 

Important Notes

  • The above statements are intended to describe the general nature and level of work to be performed by people assigned to this job.
  • They are not to be construed as an exhaustive list of all responsibilities, duties and skills required of personnel so classified.
  • All personnel may be required to perform other responsibilities in addition to those specified from time to time, as needed.
  • We do not charge any application, processing, training, interviewing, testing or other fee in connection with the application or recruitment process. Should you receive a solicitation for the payment of a fee, please disregard it.
  • Furthermore, please note that emblems, logos, names and addresses are easily copied and reproduced. Therefore, you are advised to apply particular care when submitting personal information on the web.
  • We are an equal opportunity employer and value diversity inclusion. We do not discriminate on grounds of colour, race, nationality, religion, age, ethnic origin, disability, gender, marital status, or sexual orientation in our employment practices
  • Our people are all equally gifted in unique ways: we come from diverse traditions, personal experiences and points of view. And we want to include yours, Are you ready to inspire us with your ideas?
  • We encourage all applicants to apply and does not practice any discrimination in any recruitment process.
  • Applications submitted after the deadline will not be considered.
  • Due to the urgency of the position, we have the right to recruit a candidate who matches the required profile before the above deadline
  • Only qualified candidates will be invited for interview

Publisher’s Note:

Deroundtable.com is a job, vacancy, career opportunity blog. We share daily updates on available Jobs, vacancies, local and international scholarships, Government/international organization loans and grants.

Deroundtable.com is not an agent of this organization, we can not assist any applicant secure a job, loan, grant or scholarship. We only share the information for interested persons to apply.

Deroundtable admins will never call any applicant requesting for payment of my kind or request for any OTP code.

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NATIONAL ENTERPRISE DEVELOPMENT PROGRAMME (NEDEP) 2022/2023 LOAN APPLICATION FOR SMEs AND COOPERATIVES 

 

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A cover letter is a one-page document that you submit with your resume to express your interest in a job opening. The purpose of a cover letter is to introduce yourself to an employer and provide a brief overview of your work history, professional skills, and an explanation why you’re the best fit for that job.

While your resume focuses on your qualifications and achievements, your cover letter expands on those achievements, showcases your personality, and explains why you’d be a good fit for the company.

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Underneath your name in your cover letter header, list the following contact details:

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  • Email address (something professional, usually including your name)
  • Phone number
  • Mailing address (optional)
  • Linkedin profile link (optional)
  • Portfolio or website (optional)

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  4. Intention to apply: An enthusiastic announcement that you’re applying for the open role and why you’re interested in or qualified for it
  5. Notable accomplishments: If you have relevant work experience, highlight one or two of your most notable achievements in your introduction to immediately grab the employer’s attention

NATIONAL ENTERPRISE DEVELOPMENT PROGRAMME (NEDEP) 2022/2023 LOAN APPLICATION FOR SMEs AND COOPERATIVES 
NATIONAL ENTERPRISE DEVELOPMENT PROGRAMME (NEDEP) 2022/2023 LOAN APPLICATION FOR SMEs AND COOPERATIVES