Nigeria opens free registration portal for MSMEs, targets N250,000 entrepreneurs Credit: NovatisSource: Getty ImagesIt allows eligible business owners to register their enterprises at no cost through the SMEDAN portal. Once the process is concluded, SMEDAN forwards the details to the CAC for official registration, entirely free of charge. “SMEDAN has gotten a presidential approval for the registration of 250,000 businesses for free,” Odii said. Focus on credit, grants, state partnershipsBeyond registration, SMEDAN says it is working to improve access to finance for small businesses, particularly through single-digit interest loans and grants. Director-General of SMEDAN, Charles Odii, highlights the benefits of free business registration.