Oftentimes many people are not just aware of the available grants for small businesses. This blog article will show you different funding opportunities for small businesses grants in Nigeria.
Diamond Bank BET Programme
- Duration: Annually
- Amount: 3 million naira
- Available: 3 grant schemes
- Giver: private financial institution
This is a small business grant initiative aimed at empowering 3 entrepreneurs with a grant of N3,000,000. 50 entrepreneurs are selected in the first stage and then trained for 6 months. After 6 months of business training, 5 finalists are shortlisted. Note that the subsequent edition of the programme has been streamlined to 3key sectors; Education, Healthcare, and Agriculture.
Tony Elumelu Entrepreneurship Programme (TEEP), small business grant
- Duration: Annually
- Amount: 3 million naira
- Available: 3 grant schemes
- Criteria: 18 years and above, a citizen of an African country, the business must be profit-oriented and based in Africa as well as between 0-3years old.
The Tony Elumelu Entrepreneurship Foundation started in 2015 and aims to create at least a million job opportunities within 10 years. 1000 entrepreneurs from numerous applicants are usually selected after careful review by business experts in the industry.
Bank of Industry small business grant
- Duration: Annually
- Available: 2 grant schemes
- Giver: Public institution – government.
- Criteria: You must be a Nigerian citizen, Have a substantial business idea. (Check our FREE 35 business ideas), Must be between the ages of 18-35, Have a minimum education qualification of OND, All applications and relevant documents are to be submitted online for verification
Bank of Industry through Youth Entrepreneurship Support (YES) equip young entrepreneurs with relevant skills needed to kick off a business of their own, and through Graduate Entrepreneurship Fund selects through submission National Youth Service Corp members, whose businesses are found marketable and bankable for 4weeks training and then given between N500,000 and N2,000,000.
Stay with us as we release more funding opportunities. Subscribe not to miss out and hey, we are launching our mobile app soon to build a tribe of social entrepreneurs beyond borders. Want to be in our network, pre-register now. Thank you for reading to the end and share with anyone who you believe will need the information,
Cheers,
Samuel
