10 Ongoing Grants in Nigeria 2021, How to Apply and Requirements

Are you looking for some of the Ongoing Grants in Nigeria 2021? then you are in the right place because, in this article, we are going to be listing out some of the ongoing grants both Federal government grants and other grants you can apply for today and get money to establish or start a business.

However, most of us do not even know what a grant is, most of us mistake grants for loans, for this reason, let me, first of all, explain what a grant is.

Loan and Grant are two different things.

What is a Grant?

According to Wikipedia;

grant is a fund given by an entity – often a public body, charitable foundation, or a specialized grant-making institution – to an individual or another entity (usually, a non-profit organization, sometimes a business, or a local government body) for a specific purpose linked to public benefit. Unlike loans, grants are not to be paid back.

The main difference between a grant and a loan is that for loans, you will have to pay back to whoever you collected the money from, most times, you will even have to pay the money with interest.

While in grant, the money is given without a payback but for the reason of helping you establish or enlarge your business.

Ongoing Grants in Nigeria 2021, How to Apply and Requirements

Below are the top ongoing grants in Nigeria you can apply fo in 202.

1) Tony Elumelu Foundation Entrepreneurship Programme

This empowerment program is sponsored by the CEO of Heirs Holding (Tony Elumelu) to empower young African entrepreneurs. It was launched in 2015 and since then it has been a yearly commitment.

Over 7500 entrepreneurs have benefited from the $25 million worth of grants since its launch.

You can become a successful business entrepreneur once accepted into the foundation as you get mentorship that will help you greatly business-wise.

To be eligible:

-You must be legally accepted to work in the country you are applying from which must be African.

-You must reside Legally in any of the 54 African countries and have your business stationed in any of them.

-Your business must not be older than 3 years. -You must have a profitable business idea.

How to Apply

-Visit the website: https://tefconnect.com/

-Create an account.

-Complete the necessary form and submit

2) Shell LiveWire

This is a funding program for youth to start up a business. It is open to youths from the Niger Delta region in Nigeria who is interested in starting a business and is not less than 18 years and above 30 years.

It commenced operation on March 27, 2003 and has successfully trained over 6500 youths while over 3300 participants were given grants to start a business.

To be eligible:

-Age range: 18 to 30 years.

Must have a profitable and great business idea.

-Must have undergone rigorous entrepreneurial training.

-Must be from Imo, Edo, Niger Delta, Abia, Bayelsa, Rivers, Akwa Ibom and Delta.

How to Apply

-Visit their website: https://www.shell.com.ng/ for more information and updates.

3) GroFin Fund

This is an empowerment initiative that is committed to providing business support and grants for small and medium-sized businesses in various key sectors of the country.

It has provided financial assistance to over 700 SMEs since its commencement in 2004 and has sustained over 89,000 jobs.

To be eligible:

-Your business must be in any of these categories: education, agribusiness, healthcare, manufacturing, recycling, sanitation, water, energy, and waste.

-Your business must be located in any of the countries they are situated in.

-Your business must make a social impact.

-Grants applied for must be $100,000 to $1,500,000.

How to Apply

-Visit their website: http://www.grofin.com/ to apply.

4) Lagos State Entrepreneurs Trust Fund

Lagos state entrepreneurs trust fund was established to provide financial support for Lagosians in need of money to start or expand their business.

It is a thoughtful initiative by the government to tackle unemployment as well as create wealth and jobs for the Lagos state populace.

Those who are looking to develop their small-scale businesses or medium-scale businesses can apply because the fund is committed to providing the necessary financial aid to help Lagosians with their small or medium-scale businesses.

It also provides an avenue for participants to acquire the right skills in order to get good jobs.

Its main focus is to inspire innovative and creative minds in order to create a competent workforce across the state. It targets the unemployed and underemployed in the state.

To be eligible:

-Age range: 18 to 35 years.

-Business must be in any of these sectors: Health care, entertainment, hospitality and tourism, manufacturing and garment making, and construction.

How to Apply

-Visit: https://lsetf.ng/ to apply.

5) Bank of Industry (BOI)

BOI is an initiative by the federal government to financially support and help small and large business enterprises grow.

Grants are provided to interested business owners in form of loans to help them in the growth of their business. The scheme provides various kinds of grants for all kinds of entrepreneurs

To be eligible:

-Your business must be in Nigeria and must be registered.

-Profitable business idea should be submitted.

-You must be the right age to apply.

How to Apply

-Go to the nearest BOI offices nearest to you and apply.

YouWiN Connect scaled

6) YouWin Connect Nigeria

This program provides funding for young Nigerian entrepreneurs who lack funds to start up a business.

YouWin! Connect also provide a forum for young entrepreneurs to connect with industry experts in other to nurture their ideas thereby enhancing job creation as well as ensuring business growth.

Participants get grants for their business when they win the competition organized by YouWin.

To be eligible:

-Age range: 18 to 40 years.

-Must be a Nigerian.

-Business must be located in Nigeria.

-You must be a graduate of a higher institution.

-You must not be a civil servant.

How to Apply

-Visit their website: https://apply.youwin.org.ng/ to register

7) USADF Grant

The U.S. African Development Foundation (USADF) is an independent American government agency that is committed to empowering African countries by providing grants to Nigerian entrepreneurs.

And also to entrepreneurs in several other African countries in order to improve their lives and livelihoods.

To be eligible:

-You must be above 18 years

-You must be a citizen of the country you are applying from.

-You must have a registered business.

-Your business must be located in Africa

How to Apply

To apply for USADF grant, visit their website: https://www.usadf.gov/

8) KickStart

KickStart is a social investment initiative by the IB PLC Foundation aimed at reducing unemployment by ensuring young innovators and entrepreneurs get the right training, business skills, mentorship and development support.

It targets the youths of the southwest by ensuring their lives are greatly improved as well as the economic prosperity of the southwest.

It organizes a yearly competition in which the winner gets a grant to KickStart their business.

To be eligible:

-Age range: 18 to 35 years.

-Must be from the southwestern region and also have a business there.

-Must have a valid ID.

-Must have an innovative and profitable business idea.

-Must be literate.

-Must be able to operate the business full-time.

How to Apply

To apply, visit their website: https://herokickstartnigeria.org/

9) African Women Innovation and Entrepreneurship

This program provides support and grants to innovative female entrepreneurs across African countries.

Its main focus is to increase the growth of organizations led by women for economic growth.

It also recognizes women who are doing exceedingly well in the non-profit and private organizations in order to contribute their quota economically to the growth of Africa.

To be eligible:

-Must have a registered business in one or more African countries.

-Must have achievements as a successful female entrepreneur to be nominated.

-Must be a female entrepreneur.

How to Apply

Visit this website: https://awief.awardsplatform.com/ to apply.

10) Innovation Price for Africa

This platform is aimed at utilizing the innovative minds of the African people to solve the problems associated with African countries. Grants are provided to participants who are keen on solving problems.

To be eligible:

-Must reside or belong to any of the African countries.

-Must have an innovative and analytic mind.

How to Apply

Visit their website: http://africaninnovation.org/

 

 

Article Source:- currentschoolnews.com

 

 

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