What do you know about grants in Nigeria? Do you know that in Nigeria, there are tons of interesting and recent grants that you can apply for with no stress? These 2021/2022 Nigerian grants are offered by both government and private sectors.
If you are an entrepreneur, a small business enterprise, a start-up business with a great business plan and you are asking, How can I apply for grants in Nigeria? What types of grants are there in Nigeria? Are there agricultural grants in Nigeria? All your questions about Nigerian grants will be answered here
Quite a number of Nigerians do not know about grants, don’t be surprised if someone tells you that they never knew there were grants in Nigeria. You should note that grants are quite different from loan. In this article, you will know what a grant is, reasons why you should get a grant in Nigeria, how to apply for a Nigerian grant, types of grants in Nigeria and their requirements.
What are Grants?
Grant is the capital or money that an individual or business gets for certain reasons. These reasons could be business-wise or not, depending on the type of grant offered. Government or other private organisations in Nigeria, are responsible for providing grants.
Grants in Nigeria vary in types as well as in their criteria. You need to know which grant you are eligible for before applying.
Why you should apply for a grant
Unlike loans, with grants, you are not required to pay back and that is why grants are not easily obtainable. You will need to meet certain criteria before you can receive a grant.
SEE: How to Get Loan From First Bank
List of Grants in Nigeria and their requirements 2021
Here, I have put up a list of top grants in Nigeria. These Nigerian grants are in no particular order, read below to find out their requirements and how to apply for each grant.
Africa’s Young Entrepreneur Empowerment Nigeria (AYEEN)
If you have a great business idea as an entrepreneur, this grant is for you. It provides funds to young entrepreneurs in Nigeria.
APPLY NOW AYEEN Registration Form
Requirements
- You must be 18 years and above.
- You must have a great business idea or run a business.
- You must live in Nigeria.
How to Apply
- Go to the AYEEN website
- You will be requested to Register.
- Fill in the necessary forms required and submit.
SHELL LIVE WIRE
The Shell Live Wire grant is region specific, that means it is only meant for youths who are from the Niger Delta region of Nigeria
Requirements:
- Your age range should be between 18 to 30 years.
- You should have a profitable and great business idea.
- You should have undergone an entrepreneurial training.
- You must be from Imo, Edo, Niger Delta, Abia, Bayelsa, Rivers, Akwa Ibom and Delta.
How to Apply
- Visit their website for more information and updates.
BANK OF INDUSTRY (BOI)
This is a federal government initiative put in place t support small and large business enterprises. These grant comes in different kinds for different entrepreneurs.
Requirements
- Your ideal business must be based in Nigeria and must be registered.
- A Profitable business idea should be submitted.
- You must be of the right age to apply.
How to Apply
- Visit the nearest BOI offices nearest to you and apply.
DIAMOND BANK BET PROGRAM
This grant is initiated by Diamond bank to help support and fund Nigerian entrepreneurs to gain basic skills
Requirements
- You must be a citizen of Nigeria.
- You must have innovative business idea that can make social impact.
- You must have been business in Nigeria.
- Entrepreneurs from all sectors in the country can apply.
How to Apply
- To apply, visit: http://diamondbankbet.com/
GLOBAL INNOVATION FUND
This grant provides support to innovative minds in Africa in which Nigeria is not left out
Requirements
- You must be 18 years of age and above.
- You must be a citizen of the country you are applying from.
- You must have outstanding business ideas.
How to Apply
- To apply for Global Innovative Fund, visit their website: https://www.globalinnovation.fund/
Lagos State Entrepreneurs Trust Fund
This grant is state-specific, that is it is only meant for indigenes of Lagos state
Requirements
- Age should range between 18 to 35 years.
- Your 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.
YouWin Connect Nigeria
This grant provides funds for young Nigerian entrepreneurs who lack funds to start up a business.
Requirements
- Your age should range between 18 to 40 years.
- You must be a Nigerian citizen.
- Your 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/
Things to do when applying for a grant
- Do a research of the grant
- Check if you are eligible to apply
- Read the requirements an plan on how to apply
- Your grant proposal should be concise and targeted at the audience
- Show the you have the necessary support and equipment for the project
- Don’t forget to market yourself
The list of Nigerian grants is not limited to this, there are other grants in Nigeria we can update you with. Don’t forget to share
