Easiest Grants in Nigeria – Before we proceed, lets first of all explain what a grant means. Please we advise you carefully go through the information here for a better understanding of the top five (5) easiest grants you can access in Nigeria.
What is a Grant?
A grant is merely an unreturnable subsidy that is granted to either organizations or individuals. It typically takes the form of money or other support.
Young business owners frequently lack the funding to start new companies while having many great ideas for them. A lack of finance has pushed a number of businesses to close.
When we talk about grants, we are referring to a great effort that was started by the government, corporations, or investors to help young people realize their entrepreneurial dreams.
Entrepreneurs, small company owners, and individuals in Nigeria have access to a wide range of grant programs that they can use to launch or grow their companies.
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Given that they don’t demand repayment of the money received, grants are preferable to loans. As long as you meet the requirements, applying for grants in Nigeria is easy. Depending on your luck, you might be chosen as one of the applicants or candidates who receives the grants.
Requirements for accessing grant:
Before you can be able to access a grant in Nigeria, you
- Must be 18 years and above
- Must have a great business idea or run a business.
- Must live in Nigeria.
- Your company must be registered and be located in Nigeria.
What are the Easiest Grants in Nigeria
1. Africa’s Young Entrepreneur Empowerment Nigeria (AYEEN)
An empowerment program was started to support young people who want to start their businesses. It finances innovative company concepts in Nigeria.
It also includes a mentoring program where budding entrepreneurs can learn the business skills necessary to launch and grow a company. As a result of the numerous applications it receives from young entrepreneurs all around the nation, this empowerment program is held annually.
To apply for this grant you need to Visit  www.ayeorganization.com to register.
2. Tony Elumelu Foundation Entrepreneurship Programme
Tony Elumelu, the CEO of Heirs Holding, is funding an empowerment initiative to support young African businesses. Since its inception in 2015, it has been an annual commitment.
Since its inception, awards totaling $25 million have assisted over 7500 business owners. Once approved into the foundation, you can succeed as an entrepreneur because you will receive invaluable business advice from your mentor.
You can Visit:Â www.tefconnect.com to apply.
3. Â Shell LiveWire
This is a financial initiative for young people to launch businesses. It is available to young people from Nigeria’s Niger Delta who are interested in launching a business and who are at least 18 years old and at least 30 years old.
You can apply through www.shell.com.ng.
4. GroFin Fund
This empowerment program is dedicated to offering grants and business assistance to small and medium-sized enterprises in several important national industries.
www.grofin.com can be used to apply.
5. Lagos State Entrepreneurs Trust Fund
A trust fund was established to help Lagosians who required financial assistance to launch or grow their businesses. It is a clever move on the part of the government to address unemployment while also generating income and employment for the people of Lagos state.
The fund is dedicated to giving Lagosians the required financial aid to support their small or medium-sized enterprises, thus those who wish to develop their small or medium-sized businesses are encouraged to apply Via www.lsetf.ng
SEE ALSO:Â How to Check Your P-Yes Application Status Online www.p-yes.gov.ng
Conclusion
Although there are many grants available in Nigeria, the list presented in this article represents the best grants accessible in Nigeria. If you want to start or grow your firm, submit your application as soon as possible.
FAQs
How do I find my local grants?
To explore for grants or to submit an application, use the free, official website Grants.gov.
Do government give out free money?
Government grant offers for free money are frauds. Government grants are for specific purpose.
