The Federal Government has opened application portal for the ICSS Grow Fund MSME Financing Scheme in partnership with the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) across all 36 states and the FCT. The initiative is designed to support youth entrepreneurs who are ready to build, structure, and expand sustainable businesses but face limited access to funding and guidance.
The Inspire, Create, Start, and Scale (ICSS) Grow Fund MSME Financing Scheme, powered by SMEDAN and supported by Jaiz Bank, is a strategic effort to bridge the financing gap affecting Micro, Small, and Medium Enterprises (MSMEs). Access to finance remains one of the biggest challenges confronting young entrepreneurs with innovative ideas and the drive to succeed. This scheme aims to change that narrative by combining structured training with responsible financing.
The ICSS Financing Scheme aligns with the broader national agenda to equip young entrepreneurs with the right skills, connect them to viable markets, and provide funding based on preparation and readiness. It encourages discipline, rewards proper planning, and promotes structured growth, contributing to youth enterprise development under President Tinubu’s Renewed Hope Agenda.
The fund is structured into four modules: Inspire, Create, Start, and Scale. Each module is designed to meet entrepreneurs at different stages of their journey, from idea development to business expansion.
Participants will benefit from a clear, step-by-step pathway to launch and grow a successful enterprise. The programme offers digital learning and in-person training tailored to individual business needs, alongside a connected support system that evolves with each entrepreneur’s progress.
Eligibility extends to recent graduates and young people seeking entrepreneurial skills and self-employment opportunities. It also covers individuals with business ideas who need guidance on how to begin, entrepreneurs running small ventures that require refinement and validation, and MSMEs ready to formalise, expand, or scale operations. Applicants must demonstrate a willingness to participate actively in the programme.
Interested applicants can apply through the official ICSS Grow Fund portal at https://smedan.gov.ng/icss/icss-registration/.
