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Youth

SMEDAN Empowers Young Nigerian Innovators with N5 Million

Strategic Insights

— 1 min read

The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has awarded N5 million to three outstanding young Nigerian innovators at the SMEDAN Talent Hunt. The initiative aims to empower young, aspiring entrepreneurs with mentorship, funding, and exposure to succeed. The competition, which focused on solutions to reduce post-harvest losses in Nigeria's agricultural sector, brought together youths from across the country to pitch their ideas to a panel of industry experts and stakeholders. The overall winner received N2 million, while the first runner-up received N1.5 million, and the second runner-up was awarded N1 million. Additionally, the Lagos State edition of the SMEDAN Talent Hunt awarded N1 million, N500,000, and N250,000 to three winners.

Key Takeaways:

  • SMEDAN has awarded N5 million to three outstanding young Nigerian innovators at the SMEDAN Talent Hunt.
  • The SMEDAN Talent Hunt Initiative aims to empower young, aspiring entrepreneurs with mentorship, funding, and exposure to succeed.
  • The overall winner received N2 million, while the first runner-up received N1.5 million, and the second runner-up was awarded N1 million.
  • The Lagos State edition of the SMEDAN Talent Hunt awarded N1 million, N500,000, and N250,000 to three winners.
  • The SMEDAN Director-General, Mr. Charles Odii, highlighted the Agency's dedication to creating platforms that harness the creative energies of Nigerian youths.
  • Key stakeholders present at the event commended the young participants for their ingenuity while reaffirming their agencies' commitment to supporting homegrown innovations.

Statistics:

  • N5 million awarded to three outstanding young Nigerian innovators.
  • N2 million awarded to the overall winner.
  • N1.5 million awarded to the first runner-up.
  • N1 million awarded to the second runner-up.
  • N1 million, N500,000, and N250,000 awarded to three winners in the Lagos State edition of the SMEDAN Talent Hunt.

Sources:

  • Voice of Nigeria (May 22, 2025)
  • SMEDAN Talent Hunt Initiative

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