Top (12) List Of Grants And Loan For Entrepreneurs In Nigeria

Top (12) List Of Grants And Loan For Entrepreneurs In Nigeria

Top (12) List Of Grants And Loan For Entrepreneurs In Nigeria

Top (12) List Of Grants And Loan For Entrepreneurs In Nigeria

Grants in Nigeria for small businesses can help entrepreneurs start and grow their businesses. These grants can provide financial assistance in the form of cash, goods, or services. Small businesses in Nigeria face many challenges, including a lack of access to capital and low levels of entrepreneurship. Grants can help businesses overcome these obstacles and grow their businesses.

Grants in Nigeria for small businesses can provide financial assistance in the form of cash, goods, or services. These grants can help businesses overcome obstacles, such as a lack of access to capital and low levels of entrepreneurship. Grants in Nigeria for small businesses can provide a boost to the economy and help create jobs.

List Of Grants And Loan For Entrepreneurs In Nigeria

12. Global Youth Empowerment Fund Grant

11. Nigeria Impact Startup Relief Facility

10. Innovation Price for Africa

9. African Women Innovation and Entrepreneurship (AWIE)

8. Unilever Young Entrepreneurs Award

7. Lagos State Entrepreneurs Trust Fund

6. Bank of Industry (BOI)

5. YouWin Connect Nigeria

4. SMEDAN Grant For Entrepreneurs

3. Africa’s Young Entrepreneur Empowerment Nigeria (AYEEN)

2. Shell LiveWire

1. Tony Elumelu Foundation Entrepreneurship Programme

12. Global Youth Empowerment Fund Grant

A chance for young leaders throughout the world to get up to $5,000 USD for supporting SDGs.

Young leaders, are you working to achieve the SDGs?

If you are a for-profit or nonprofit organization working toward one of the Sustainable Development Goals, you can apply online for the chance to:

  • Get access to effective learning resources, such as the Investment Readiness Program.
  • become a featured article in the Youth Solutions Report for 2019.
  • Get cash from the Global Youth Empowerment Fund of up to $5,000 USD.

The UN Sustainable Development Solutions Network Youth (SDSN Youth) and Junior Chamber International (JCI) have partnered to provide young people with the recognition, tools, training, and resources they need to scale their SDG-focused projects.

The 2019 edition of the Youth Solutions Report will highlight 50 youth-led programs, 25 of which are for-profit and 25 of which are nonprofit. These programs will also have access to effective training tools, such as the Investment Readiness Program (IRP), and they may be eligible to receive funding from the Global Youth Empowerment Fund of up to USD $5,000.

APPLY HERE

11. Nigeria Impact Startup Relief Facility

A group of financial partners established the Nigeria Impact Startup Relief Facility (NISRF) as an urgent fund to assist high-growth firms that are already in the post-MVP stage in coping with the effects of CVID-19.

Prize Cash

Equity-free grants between $5000 and $20,000.

The gainers get access to powerful business mentors

solutions for business continuity.

Eligibility

Operating in Nigeria must

Your startup should focus on solving a pressing social issue.

Must be post-MVP, generating income, and CAC registered

Having good financial standing before consulting (usd 60k arr – 12 months period minimum).

Have already gotten initial money

Your company should be expandable

Must be in one of the following sectors: agriculture, crucial infrastructure, finance, health care, education, or programs aimed at the unofficial economy.

Apply HERE

Also Check: Top (12) List of Most Apply Business Grants For Entrepreneurs In Africa

10. Innovation Prize for Africa

The African Innovation Foundation (AIF) established the Innovation Prize for Africa (IPA) in 2011. It encourages African entrepreneurs and inventors by awarding $150,000 to winners who provide market-driven solutions for the continent’s development.

The fundamental goal of the IPA is to promote African innovation ecosystems by encouraging an inventive and competitive culture and the development of creative, market-driven African solutions to African problems. The award also encourages young Africans to pursue jobs in engineering, science, and technology as well as entrepreneurial prospects that aim to support sustainable development in Africa.

The IPA is advocating for a multi-sector strategy to create an innovation ecosystem that can boost economic growth in Africa.

The following innovation areas are the focus of the Prize:

  • Farming and agribusiness
  • Water, energy, and the environment
  • Wellbeing and good health;
  • Technology for information and communication
  • Industry manufacturing and services

Apply HERE

9. African Women Innovation and Entrepreneurship (AWIE)

All African women and girls can gain economic empowerment through AWIEF, a nonprofit organization. We are a Pan-African forum for equal opportunity, business networking, and information for women entrepreneurs, inventors, and social enterprises.

AWIEF promotes women’s equality and empowerment as key factors in the development and works to increase women’s access to opportunities in business and other spheres of the economy in order to hasten Africa’s transition and inclusive sustainable growth.

AWIEF works to give new and next-generation women entrepreneurs the tools they need to succeed by bridging the gap between emerging and established female entrepreneurs. We offer programs, tools, and connections that are essential for the development of business capacity and capabilities. We help start-up, high-growth, and scale-up businesses in Africa that are run and controlled by women.

Requirements

  • Must be a woman business owner.
  • Should be registered in the country and have a business establishment in one of the African nations.
  • Expected to have a track record of accomplishments

Apply HERE

8. Unilever Young Entrepreneurs Award

You can advance your sustainability effort, product, or service with the aid of the Unilever Young Entrepreneurs Awards. With the help of the Unilever Young Entrepreneurs Awards, great young entrepreneurs tackling the world’s most pressing social and environmental issues will be recognized, supported, and assisted in achieving scale for effect.

If you are working on a cutting-edge and scalable project or program that is supporting one or more of these eight areas, know someone who is, or both.

Apply HERE

7. Lagos State Entrepreneurs Trust Fund

This Grant program is actually being made by the Lagos State Government. Its sole purpose is to help residents start or grow their own businesses by giving them money. It’s only for people in Lagos (those residing in Lagos).

After directly and indirectly getting rid of poverty, the program is without a doubt a platform that will lead to jobs in the State.

Requirements

  • You must live in Lagos State.
  • Must be between 18 and 35.
  • Your business idea should be based on one of the following: entertainment, health, building, making things, or tourism/hospitality.

Apply HERE

6. Bank of Industry (BOI)

The Federal Government of Nigeria helps small and medium-sized businesses all over the federation by using BOI. Even though the money given to interested people is in the form of soft loans, this will help their businesses grow.

  • Requirements
    Entrepreneurs who have a registered business are the only ones who can apply.
  • Must be between ages 18 and 35.
  • The applicant should submit a well-written business plan that shows how profitable the idea is.

How to Use it

  • People are sending in their applications offline. To apply, all you have to do is go to any BOI branch near you.
  • We’re happy to let you know that there are a number of Grants platforms where entrepreneurs can easily get help putting their business ideas into action. The top 10 schemes and programs are listed above.
  • It would be nice if you, as an entrepreneur who hasn’t been able to start your dream business because you don’t have enough money, started applying the options.

Apply HERE

Also Check: Top (12) List of Business Funding Opportunities in South Africa

5. YouWin Connect Nigeria

YouWin is an acronym for Youth Enterprise With Innovation In Nigeria. It’s one of the government’s social reinvestment programs, but YOUWIN stands out because it’s meant to help young people between the ages of 18 and 45 start or grow a business they’ve already planned or are already running.

YouWiN! Connect is a new version of the YouWiN! the website that uses multimedia. the Federal Ministry of Finance’s plan. Its goal is to help young entrepreneurs PLAN, START, and GROW their businesses by giving them access to technical and consulting services and teaching them how to run a business.

Signing up/Applying 

Entrepreneurs-to-be will be asked to sign up for the program through an online registration portal. The applications will be looked over, and 55,500 people will be chosen to take the online training.

Note the following for anyone who wants to know how long it will be before their application is accepted:

  • Age: The program is only for people between the ages of 20 and 45.
  • You must have been born in Nigeria in order to be a citizen.
  • Place of business: Your place of business must be in Nigeria
  • Business plan: You must have a solid business plan that can help Nigerians find jobs.

Apply HERE

4. SMEDAN Grant For Entrepreneurs

The Small and Medium Enterprise Development Agency of Nigeria (SMEDAN) is giving Micro, Small, and Medium Enterprises (MSMEs) in Nigeria and Africa a chance to get a $100,000 grant. Visit https://wp.me/paRLd6-5ll to fill out an application for a SMEDAN grant.

How to Request a SMEDAN Grant

The application process for the African Small Business Catalyst (ASBC) Program is easy, but it is also complicated. If you follow the steps below, you will be able to reach this goal:

  • Go to https://www.usadf.gov/program-application-form
  • Fill out the section about your business.
  • Answer the questions on the form to fill out the other parts of the form.
  • Click ‘Submit’
  • Check your email for an acknowledgment, and always check your mail for follow-up.

Apply Here

3. Africa’s Young Entrepreneur Empowerment Nigeria (AYEEN)

This is an annual grant program that gives Nigerians more freedom. It was made to help young entrepreneurs with great business ideas make their dreams come true by giving them money.

AYEEN does more than just give money; it also runs a mentorship program where business skills are taught. Depending on the type of business an entrepreneur wants to start, he or she may be able to get a grant of a few thousand dollars to a few million dollars.

Requirements

  • The people who get the money must be Nigerian and live in the country.
  • Must be at least 18 years old.
  • Have a great business idea or a business that is already up and running.

How to Apply

  • To get the application form, go to https://ayeonline.org/join/ on the AYEEN website.
  • Fill out the online form and make sure to send it.
  • Find their social media pages and follow them to get information straight from them.
  • Send your business plan through the same portal or, better yet, fill out the J19 form.
  • After filling out the form, make sure you hit “submit.”
  • There will be an email sent to you about the screening process. with the date and place written in.
  • Make sure you don’t miss the test. After that, you’ll have to wait for your result.

Apply HERE

2. Shell LiveWire

Shell LiveWire is a program that helps young people start businesses by training them, giving them money, and encouraging them to do so. The program is for young people from Nigeria’s Niger Delta who want to start their own business and are between the ages of 18 and 30.

Since it started on March 27, 2003, the initiative has trained 6580 young people and given grants to 3373 of them to start their own businesses.

Price Tag

Unspecified

Eligibility

Must be 18–30 years old.

has a good idea for a business

Their intensive business course, which they completed and passed,

Must be from Abia, Imo, Edo, Rivers, Bayelsa, Delta, or Akwa-Ibom in the Niger Delta.

How to apply

When national newspapers were open, there would be news in them. Or come here every so often.

Apply HERE

1. Tony Elumelu Foundation Entrepreneurship Programme

Tony Elumelu, who is the Chief Executive Officer (CEO) of Heirs Holding, started this Grant program in 2015.

About 7,500 businesses have gotten money from this Grant so far, for a total of $25 million.

Requirements

  • You must be able to live and work in any African country from which you apply.
  • You must have a country-based business.
  • Either you have a new business idea or you already have a business that hasn’t been around for more than three years.

How to apply

  • Make an account on the scheme’s official website, which can be found at https://tefconnect.com/.
  • Fill out the follow-up form, click “Send,” and then wait for feedback.

Apply HERE

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