How To Apply for Federal Government Grants For Small Businesses 2022
As the nation seeks to lift 100Million poor persons out of poverty and unemployment, the federal government has initiated several grants and loans project to help actualize this goal, small businesses can now thrive and have the opportunity to boost the nation’s GDP in the long run
These grants if put to use will see significant improvement in the numbers of small business owners in the country, this opportunity is open to only those who want to go into small and medium scale business or those who lack funds to finance their business
Small Business Innovation Research Program
It provides monetary assistance to small and medium-term businesses for innovation and invention and development of the tech sector of the nation
This grant is highly contestable, only businesses and ideas of economic importance are welcomed
Bank 0f Industry-BOI Grant
This grant provides small and big businesses with programs and money needed to industrialize the nation. Billions of Naira have been pumped into the BOI for 2022, and Nigerians are encouraged to take part in this
BOI lunches a youth empowerment program where young people are empowered and grants are being released to them to begin a small-scale business
Youth Empowerment Scheme-project YES
It is a yearly program Initiated by the federal government of Nigeria to support ideas and businesses that are already running, job creation, and wealth creation.
Applicants are required to submit business plans and go through a series of mentorship programs
Federal Government Grant Application From World Bank
This is a grant scheme with the assistance of the World Bank to the federal republic of Nigeria.
Social Intervention Fund Of FG
This fund is for artisans and owners of SMS businesses across the nation. The business owners can only access a maximum of N100, 000 at a three percent interest rate a year.
National Agency For Social Investment Management (NASIM)
It is meant to lift the poor and valuable out of Poverty, over 19,000,000 persons have benefited
It consists of Home Grown School Feeding Programme, Npower, GEEP Loan, RRR, and so on
Government Enterprise And Empowerment Programme (GEEP).
It consists of Conditional Cash Transfers, TradaMoni, FarmaMoni, and so on, created to provide micro-credit facilities for men and women in order to reduce poverty in rural areas and provide skills development, training, and business support, rebuilding the economies of rural areas through financial grants.
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1 comment
I am wondering how I could get a Government grant for my money 💰 I don’t have to have to get a little bit of help from you