If you have been searching for ongoing grant in Nigeria 2021, stay turned as you have landed in the right place.
Raising capital for business is never easy, this why many people always see their business dreams die off because of lack of capital. But despite this, many lucky ones have made their ways in the business field, and are succeeding today because they were able to secure grants for business in Nigeria.
There may be many bodies (both government and private) that offer grant in Nigeria for businesses, from time to time, but in the course of this post, we shall be talking about the ongoing grant in Nigeria 2021, or those grants that always come every year.
- Read Also: 10 Best Places To Get 24hrs Loan In Nigeria
- How To Apply & Get SMEDAN Loan For Busines
- How To Get Busines Loan From Development Bank of Nigeria
Ongoing Grant In Nigeria 2021
Below are some ongoing grant in Nigeria, from which you can take advantage for your business dream.
- Tony Elumelu Grant
- GEEP Grant
- SMEDAN Grant
- Bank Of Industry
- Global Innovation Fund
1. Tony Elumelu Grant
Tony Elumelu Grant is a business sponsorship opportunity that is offered by the Tony Elumelu Foundation (Tefconnect), which was launched in 2015 by Anthony Onyemaechi Elumelu, the former Chairman of United Bank of Africa (UBA).
The grant opportunity is meant to empower entrepreneurs across the 50 countries in Africa, and it comes once in a year, with over 1000 entrepreneurs always benefiting.
It is one of the best grant in Nigeria which has really helped many people to achieve their business dreams.
How Much Is Tony Elumelu Grant?
The Tony Elumelu Entrepreneurship program always offers a non repayable sum of $5,000 to every successful applicant.
Is It One of The Ongoing Grant in Nigeria 2021?
Tony Elumelu is one of the known ongoing grant in Nigeria 2021. Just as had been said, the program always comes once in a year.
The application usually starts from the Month of March and run for three months before the application would close.
Once the application is closed, the selected applicants would be enrolled to entrepreneurship training which will run from the month of May to September or November, when the successful trainees would be given the $5,000 seed capital/ grant for business.
How To Apply
To Apply for this grant in Nigeria, just visit their application Portal at https://tefconnect.net.
2. GEEP Grant
The Government Enterprise Empowerment Programme (GEEP) is another ongoing grant in Nigeria 2021, which any small business owner would take advantage.
It is a very known body that provides grants for business in Nigeria, and has really changed many businesses positively.
GEEP was launched in 2016 with the mission to offer interest and collateral free credit to small businesses in Nigeria.
Being so dedicated for grant in Nigeria, GEEP has about 4 areas or schemes through which it gives grant for Nigeria. Thy are:
This is another ongoing Grant in Nigeria 2021, for small businesses.
This GEEP scheme gives from N10,000 and above, to petty traders and artisans, who makes a living from what they sell on a daily basis and whose product inventory ranges from N2,000 – N5,000.
FarmerMoni is a kind of grant for Agriculture in Nigeria, which gives a sum of N300,000 to N350,000 to farmers to maximize their production.
This is another ongoing Grant in Nigeria 2021, which is one of the GEEP’s schemes that is dedicated to helping small businesses in Nigeria.
MarketMoni gives up to N50,000 to small businesses under the auspices of their cooperative societies or market associations.
3. SMEDAN Grant
If you have been searching for ongoing grant in Nigeria 2021, then Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) is another place you may run to.
SMEDAN is a Nigerian Government agency that was established by the SMEDAN Act of 2003 to promote the development of small business sector, especially by offering grant for Nigeria.
For you to access SMEDAN Grant for business in Nigeria, your business needs to registered with the Corporate Affairs Commission (CAC) and as well registered with the SMEDAN so as to get your SMEDAN number.
Registering a business with CAC had always being a nightmare to people because it is not always a friendly journey. But there is a new, easier and cheaper way now through which you can register your business with CAC online with ease, using your phone or computer, without having to visit any office.
In this, I have made a very simple and comprehensive article on how to get your business registered with CAC using your phone.
You can check out the article HERE
Once registered with SMEDAN, the agency would train applicants for some weeks in the areas of business skills, before giving out grants or soft loans to the successful ones.
SMEDAN is not actually the agency that gives the grant directly to beneficiaries, but it acts as a middle man between small business owners and the grant providers/sponsors.
SMEDAN partners with many Business sponsors like World Bank and so on. Since these sponsors may not know the trusted Business owners to give out their grant in Nigeria, they rather depend on SMEDAN to access businesses and bring out the ones that are qualified for the business grant.
How To Apply
To Apply for SMEDAN Loan, you may read this guide below:👇
OR visit their website at https://smedan.gov.ng/who-we-are/
4. Bank Of Industry (BOI)
If you have been searching for ongoing grant in Nigeria 2021, BOI would really be a better opportunity for you. BOI is a Federal Government initiative to support small and large business in Nigeria.
For long now, it has being the best place for business grant especially grants for Agriculture in Nigeria.
BOI always provide various kinds of grant for Nigeria, and in most times in form of soft loans for entrepreneurs to grow their business.
For you to access BOI grant in Nigeria, the following criteria may apply:
- You must have a registered Busines in Nigeria
- Business ideas should be profitable
- You must be within the right age range
How To Apply
For you to apply for BOI grant in Nigeria, you can visit any of their offices nearest to you, or you can visit their official website at: https://www.boi.ng/
5. Global Innovation Fund
Global Innovation Fund (GIF) is another ongoing Grant in Nigeria 2021, which anyone can take advantage of.
GIF is funding program that is dedicated in providing support to innovative minds in Africa including Nigeria.
If you are looking for grant in Nigeria, whether agricultural grant or any form of grant; GIF is always there for your luck.
For you to be able to access GIF grant in Nigeria, the following criteria may apply:
- You must be at least 18 years old
- You must be a citizen of the country you are applying from
- Must have a profitable business or business idea
How To Apply
To apply for this grant in Nigeria, you can visit their Official website at: https://www.globalinnovation.fund/
The 5 ongoing grant in Nigeria 2021 as listed above, are very genuine, and many Nigerians have really benefited from them.
Everyone has equal chance of benefiting from these business grants, and you will surely benefit as long as you do the right thing.
Don’t forget that for you to access any Busines grant in Nigeria or any other place, you must have a compelling business plan.
You can check HERE to know how you can write the best Busines plan that can get you any type of grant you want.
Or you can contact us to develop a very effective business plan of any type for you:
Do share your thoughts with us on the comment section below.