The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) is driving inclusive growth through its One Local Government One Product (OLOP) initiative by empowering small-scale producers at the grassroots. Through cooperative-based financ… Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader SMEDAN boosts grassroots businesses through cooperative financing under OLOP scheme By Abimbola Akomolafe on July 23, 2025 The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) is driving inclusive growth through its One Local Government One Product (OLOP) initiative by empowering small-scale producers at the grassroots. Through cooperative-based financing, the programme helps local entrepreneurs expand their operations, gain easier access to credit, and transition into formal business structures. Read also, Digital professional fair to equip 10,000 young entrepreneurs, freelancers for growth SMEDAN boosts grassroots businesses through cooperative financing under OLOP scheme ZANU-PF disburses over $300,000 in revolving fund to empower youths, SMEs Lagos PMO engagement to boost innovation, improve public services for SMEs Nigeria aims for 7% economic growth as local governments gain more financial control This bottom-up strategy is not only improving productivity but also strengthening local value chains and supporting the sustainable growth of micro, small, and medium enterprises (MSMEs) across the country. By fostering community collaboration and formalisation, SMEDAN is helping small businesses unlock new market opportunities and build long-term resilience.

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