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SMEDAN Pushes ICSS Programme to Boost MSME Growth and Financing in Nigeria

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SMEDAN

SMEDAN promotes the ICSS entrepreneurship programme to support MSMEs in Nigeria, improve access to finance, and strengthen business growth through structured training

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The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has urged entrepreneurs, policymakers, and financial institutions to fully embrace the Inspire–Create–Start–Scale (ICSS) programme as part of efforts to strengthen Nigeria’s MSME ecosystem.

Also read: Nigeria Business Formalisation Shows Modest Recovery

Speaking at the launch of the ICSS4ALL initiative, SMEDAN Director-General Charles Odii described the ICSS MSME programme Nigeria framework as a structured model designed to guide businesses from idea development through to scaling and market expansion.

The programme, developed in collaboration with international and local partners, is aimed at improving entrepreneurship training, access to finance, and enterprise sustainability across the country.

Odii called on government institutions at all levels to integrate the ICSS model into existing MSME policies, while encouraging banks and financial institutions to develop lending products aligned with the improved credit readiness of certified entrepreneurs.

He noted that ICSS graduates are trained, structured, and better positioned for business financing, adding that tools like the ICSSLearn platform and GROW Fund are designed to support their growth and expansion.

According to organisers, the programme has already reached tens of thousands of participants, created thousands of jobs, and recorded significant female participation, highlighting its inclusive impact.

Also read: Ondo Chamber of Commerce exco holds inaugural meeting, seeks partnership with Govt.

The initiative is being positioned as a national benchmark for entrepreneurship development, with stakeholders emphasising the need for stronger policy backing and financial sector collaboration to maximise its impact on Nigeria’s MSME sector.

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Business

How EIB, AfDB and EU Are Unlocking Nigeria’s Entrepreneurial Potential

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Nigeria’s entrepreneurial potential deserves investment—and the support to turn ideas into growing businesses.

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Through Boost Africa, the European Investment Bank (EIB), together with the African Development Bank (AfDB) and with EU support, is strengthening entrepreneurship and innovation.

By supporting venture capital investment and providing technical assistance, Boost Africa helps African businesses, including those in Nigeria, access capital, expertise
and networks to grow and reach new
markets.

Meet one of the businesses behind the Boost Africa story. Hear Daya’s
co-founders, Tomiwa “Aleph” Lasebikan, and Paul Joe share the company’s journey and ambition to connect African businesses to global markets.

▶️ Watch Daya’s Boost Africa story:

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ENERGY

NISO Warns of Severe Power Supply Strain as Gas Runs Short

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 NISO power generation has fallen as gas shortages and low reservoir levels constrain thermal and hydroelectric plants, worsening supply nationwide

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Business

Boost Africa Fuels Daya’s Bold Cross-Border Ambitions

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 Boost Africa Daya highlights how investment is supporting Nigerian fintech innovation and easier cross-border payments for African businesses

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