The Federal Government will invest up to N11.76bn to drive the growth of Micro, Small, and Medium Enterprises and industrial revitalisation in 2026, as part of the capital projects budgeted for the Small and Medium Enterprises Development Agency of Nigeria in the 2026 Appropriations Bill.
An analysis of the capital allocation showed that projects directly targeting MSMEs, entrepreneurship and trade account for about N11.76bn of the total N26.87bn capital projects vote.
The allocation follows a broader push by the Federal Government, through the Federal Ministry of Industry, Trade and Investment, to deepen MSME financing, strengthen data integrity and accelerate industrial planning in 2026.
The most prominent allocation is a N2.1bn provision for the ‘Grow Nigeria for MSME Development’ programme, designed to scale enterprise support nationwide.
The agency also earmarked N1.4bn to revitalise Industrial Development Centres and convert them into Common Facility Centres to reduce production costs for small manufacturers through shared infrastructure.
In a major logistics intervention, the budget set aside N3.5bn for the supply of project vehicles to SME ecosystem stakeholders across the country to improve programme monitoring and outreach.
