The Small and Medium Enterprises Development Agency of Nigeria has unveiled plans to create 100 millionaire entrepreneurs through business training and financial grants, as it moves to address funding and capacity constraints facing small businesses in the country.
The initiative, which will feature at the GROW Nigerian Conference 2026 in Lagos, will combine practical business masterclasses with financial support and market access opportunities for selected entrepreneurs.
A statement issued by the agency on Thursday said a major attraction would be the Zero to 100 Pitch Competition, which has a N100m prize pool to support promising businesses.
The grants will be distributed at the conference and another event in northern Nigeria, with the final and prize presentations scheduled for November 10.
The Director-General of SMEDAN, Charles Odii, as quoted in the statement, said the initiative was designed to bridge the gap between entrepreneurial skills and the financial resources required to establish
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