Federal Government Grants – We have compiled the lists of Available FG Grants for Nigerian Businesses in the new year. An individual who needs grants should read through and apply for grants suitable to them.
What is a Grant?
A grant is defined as money or capital given to an individual or a business for a specific reason. While a business grant is equally an amount of money given to a business for the purpose of expanding and augmenting the enterprise.
Grants are normally given by the government or organizations and may be either refundable or not depending on the type.
With this, its beneficial to know the full list of Available Federal Government Business Grants in Nigeria 2021 as we will explain the eligibility and criteria on how to apply for it.
The African Women’s Development Fund is the first pan-African foundation to support the work of women’s rights organizations in Africa
We understand that the African Women Development Fund empowerment initiative is aimed at developing African women in businesses. It is a female-only grant that runs through the continent in empowering women.
It gives grants to associations handling the issues of body and health rights, ladies’ monetary security, equity, leadership, investment business that concerns women.
Available FG Grants for Nigerian Businesses
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According to report gathered, The CBN is in collaboration with the Bankers’ Committee which includes GTBank as part of efforts to boost job creation in Nigeria, particularly among the youth, has developed a Creative Industry Financing Initiative (CIFI).
More so, The Central Bank of Nigeria is in partnership with the Banker’s committee which recently launched Creative Industry Financing Initiative (CIFI) aimed at improving access to low-cost sustainable funding for entrepreneurs in the creative/IT sector.
The program, though not a grant, offers one of the lowest interest rates in the country at 9%. And it is open to youths with business ideas in Fashion, IT, Movies, and Music.
Target Market
Eligibility
Available FG Grants for Nigerian Businesses
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This institution provides opportunities for business owners running a small scale business and companies that are into research and industrialized innovative technologies.
Available FG Grants for Nigerian Businesses
The Lagos State Employment Trust Fund (LSETF), was established by The Lagos State Employment Trust Fund Law 2016 to provide financial support to residents of Lagos State, for jobs, wealth creation and to tackle unemployment.
According to report gathered the Lagos State Employment Trust Fund has the mandate to directly invest ₦25Billion in helping Lagos residents grow and scale their Micro Small and Medium Enterprises (“MSMEs”) or acquire skills to get better jobs.
Available FG Grants for Nigerian Businesses
GroFin is a specialist, impact-driven financier who helps entrepreneurs succeed by providing them expert advice, continuous guidance, and financing to grow their businesses.
We understands that GroFin has a fund size of US $100+ Million to funding Nigerian micro, small and medium businesses (MSMEs) across the country.
To be eligible:
Available FG Grants for Nigerian Businesses
NIFA is a federal-owned agency under the umbrella of USDA (United States Department of Agriculture). This grants, however, focuses on nonprofit organizations, larger businesses, and leadership that tries to advance agriculture.
Furthermore, the agency disburses federal funds to tackle agriculture-related issues affecting the nation. Also, NIFA spins throughout the year, offering different grants to foster healthy competition in the agricultural sector.
Available FG Grants for Nigerian Businesses
Bank of Industry Limited is the oldest and largest Development Finance Institution currently operating in Nigeria. It is owned by the Ministry of Finance Incorporated Nigeria, the Central Bank of Nigeria and private shareholders.
The Bank of Industry (BOI) recently launched a youth empowerment program for young and talented entrepreneurs looking to venture into various sectors of Nigeria’s economy.
The Youth Entrepreneurship Support (YES) Programme is BOI’s effort at addressing the worrisome phenomenon of youth unemployment in Nigeria by building the capacity of the youths and funding their business ideas.
The YES program is aimed at equipping young people with the requisite skills and knowledge to be self-employed by starting and managing their own businesses. The YES Programme comprises of;
Eligibility
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