SMEDAN’s Business Grading System
A new approach to opening up business and funding opportunities for Nigeria’s crucial small business segment.
The first public sector grading system in Africa
This site holds information on completed gradings and related data. Grading scores can be confirmed on each business’s page. If you need further clarity, reach out to SMEDAN.
“These gradings have been created to best explain your business's unique background and product offering, thereby boosting new business and funding opportunities.”
Under the leadership of Mr Charles Odii, SMEDAN has brought this concept to Nigeria, the first country in Africa to do so.
Mr Charles OdiiDirector General / CEO, SMEDANRecently published
Every score on this portal is the authoritative record of that grading.
Six grading areas
Each business is compared with businesses of the same size and industry across six areas. A non-financial grading covers five of them.
Industry & market opportunity
How attractive the business's industry is, and how defensible its position within it.
Business insights
Whether the business can deliver what it sells, reliably, and keep going when something goes wrong.
Management
The depth and experience of the people running the business, and its plans for succession.
Financial
Profitability, liquidity and leverage. Not part of a non-financial grading.
Social media
How findable and verifiable the business is online, and how it engages its customers.
Legal & compliance
Whether the business is properly registered, current with its filings and certified for what it sells.
From businesses that have been graded
Their gradings can be found in the completed gradings section.
“The gradings have unlocked business and export opportunities for my business.”
“SMEDAN's grading has helped my business identify its areas of weakness, which are now being addressed within this pilot phase.”
“The gradings have made the funding process a lot easier, as banks now have a much clearer understanding of what we do.”
Ready to have your business graded?
Gradings are free during the pilot phase. Applying takes about 15 minutes.