The article you are about reading focuses on how to access online Federal Government Grants easily. Contrary to what you may read online or in the media, the federal government does not provide grants or “free money” to people so they can establish a business or pay for personal expenses.
The government funds ideas and initiatives through grants as one of its methods for delivering public services and boosting the economy. Critical recovery programs, ground-breaking research, and several other activities are all supported through grants.
What is then a grant?
Simply put, a grant is an unreturnable subsidy granted to either an organization or an individual. Grants typically take the form of cash or other forms of support.
Many young business owners have brilliant ideas for new ventures, but often lack the capital to launch them. Due to a shortage of funding, several firms have been forced to close.
When we discuss grants, we are talking about a fantastic initiative launched by the government, businesses, or investors to make the entrepreneurial ambitions of young people a reality.
Grants are better than loans since they don’t require repayment of the money received. In Nigeria, applying for grants is simple as long as you meet the requirements. If you’re lucky, you might be selected as one of the candidates or applicants who receives the grants.
Recommended: List of Banks Granting Student Loans in Nigeria
If you are interested in applying for a grant and you are not sure of how to go about it, you can read through this article for more details.
It is worth noting that there are some basic requirements for every applicant which are as follows:
- You must be of 18years and above
- You must have an existing business or a variable business idea.
- Alternative to 2 above you must have a community development program idea
- You must be from the catchment area that the grant covers, such as continent, county, state, etc.
How to Access Available Grants
1.) Africa’s Young Entrepreneur Empowerment Nigeria (AYEEN)
To assist young, aspiring entrepreneurs in realizing their business goals, an empowerment initiative was developed. Great company ideas in Nigeria can get finance from it. Young entrepreneurs are taught business skills necessary for launching and growing a firm through the organization’s mentorship program.
To apply for this grant visit www.ayeonline.org
2.) Shell LiveWire
A funding scheme for young people to launch businesses is offered here. It is available to young people from Nigeria’s Niger Delta who are at least 18 years old and older and are interested in launching a business. Since its inception, it has effectively taught more than 6,500 young people, and more than 3,300 participants have received funding to launch a business.
In addition, the applicant Must be from the following states: Imo, Edo, Niger Delta, Abia, Bayelsa, Rivers, Akwa Ibom, and Delta to benefit.
You can apply for this grant here https://www.shell.com.ng
3.) USADF Grant
The U.S. African Development Foundation (USADF) is an independent American government organization dedicated to developing African nations by awarding grants to Nigerian and other African entrepreneurs to better their lives and means of subsistence.
You can apply for this grant here https://www.usadf.gov
4.) African Women Innovation and Entrepreneurship
This program offers support and awards to creative female business owners throughout Africa. And it is targeted at assisting women to lead organizations for economic growth.
You can apply here https://awief.awardsplatform.com
Conclusion
Federal Government online grants exist and genuine however, as discussed each of the grants has its particular focus and target.
