The Federal Government Business Grants in Nigeria 2022: In today’s world, it is every individual’s dream to become an entrepreneur but they often face a major challenge, which is a lack of funds. So in this article, we will provide you with a list of federal government grants and how to apply.

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1 TRENDING NOW

2 RECENT POSTS

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2.1 1. Get A Business Plan

2.2 2. Subscribe To A Co-operative Society

3 Kinds of Federal Government Business Grants in Nigeria 2022 and Guide to Apply

4 How to Apply for Federal Government Business Grants in Nigeria 2022-2023

4.1 3. The National Institutes of Health

4.2 4. The Cybertipline Grant

4.3 5. The Federal Government Grant Application from World Bank

4.4 6. The You win Connect Nigeria

4.5 7. The Government’s National Social Investment Program (N-SIP)

4.6 8.The  Government Enterprise and Empowerment Program (GEEP)

4.7 9. The Social Intervention Fund of FG

 

You might be wondering what a federal government grant is about it is a non-repayable amount of money issued by the federal government to individuals or organizations for business purposes.

Also, you must know that a grant is different from a loan. Many have missed the opportunity that would have benefited them in one way or the other because they see grants as loans. A grant is a non-repayable fund, so you do not need to be scared of paying back with interest, unlike loans.

That being said, there are different types of federal government grants you can choose from, but there are things you must do to be able to access the grants. They include:

  1. Get A Business Plan

You must have a robust business plan (what some people called a bankable business plan) in place. Without a proper business plan, there is no way you would be able to convince anybody about your business idea let alone the government. Your business plan represents your preparedness for the business; the more robust your plan is, the more serious investors and grantors will take you.

2. Subscribe To A Co-operative Society

Some of these funds are being disbursed through various cooperatives. If you don’t belong to any, you may find yourselves outside the scheme of things. There are various cooperative societies for Farmers, Traders, Manufactures, etc. Find the one that is most suited to your need and join. Make sure to be an active member and always be in the know.

Kinds of Federal Government Business Grants in Nigeria 2022 and Guide to Apply

 Federal Government Grants for Agriculture

This type of grant is financial support from the federal government of Nigeria to support the agricultural sector. A registered farmer under this association is eligible for this grant.

Guide to Apply for Federal Government Business Grants in Nigeria 2022-2023

  1. Visit the online platform for grants or obtain the form from available places.
  2. Ensure to submit all required information by the federal government agency.

Bank of Industry (BOI)

The Bank of Industry (BOI) recently launched a youth empowerment program for young and talented entrepreneurs looking to venture into various sectors of Nigeria’s economy.

The Youth Entrepreneurship Support (YES) Program is BOI’s effort at addressing the worrisome phenomenon of youth unemployment in Nigeria by building the capacity of the youths and funding their business ideas

Guide to Apply

  1. You must be a citizen of Nigeria.
  2. You must be between the ages of 18-35.
  3. You must possess OND.
  4. Visit the online platform to fill, and submit the form for this grant.

3. The National Institutes of Health

This institution provides opportunities for business owners running a small-scale businesses and companies that are into research and industrialized innovative technologies.

Guide to Apply

  1. Your company or organization must be into research.
  2. It must also be commercially innovative.
  3. Visit the online portal to fill and submit your application.

4. The Cybertipline Grant

This is the type of grant given by the Department of Homeland Security. They give grants to small businesses that provide services and programs that help eradicate sex trafficking and the exploitation of children.

Guide to Apply

  1. Visit the federal government online portal to fill and submit the application form.

5. Federal Government Grant Application from World Bank

This is a grant scheme by the World Bank to the federal republic of Nigeria. It is available to all eligible individuals.

Guide to Apply

  1. Visit the official website of the World Bank or the National bodies they operate through to fill and submit your application.

6. The You win Connect Nigeria

This is a multimedia program of the Federal Ministry of Finance. The program aims to promote entrepreneurship, job creation and wealth via enterprise education for young Nigerians.

Guide to Apply

  1. You are required to submit business plans and go through a series of mentorship programs.

7. The Government’s National Social Investment Program (N-SIP)

This is a grant program by the federal government of Nigeria aimed at reducing poverty and unemployment.

Guide to Apply

  1. Visit the online platform for this grant to fill out and submit your application.

8. The Government Enterprise and Empowerment Program (GEEP)

This was created to provide micro-credit facilities for men and women with the aim of reducing poverty in rural areas and providing skill development, training, and business support, thus rebuilding the economy of the rural areas.

Guide to Apply

  1. Visit the online platform to fill and submit the application form.

9. The Social Intervention Fund of FG

These are for artisans and owners of SMS businesses across the nation. Business owners can only access a maximum of N100,000 per year.

Guide to Apply

  1. You must be a member of a business organization.
  2. Visit the online platform to fill and submit your application.

 

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