Top Grants in Nigeria 2022 Check Requirements and How to Apply – Are you a entrepreneur with an amazing business plan but you don’t have sufficient capital to kick start your business? Or maybe you’ve already established your business but you’re looking for more funding to take the business to the next level. Do you know that if your business or business idea is good, and can bring about growth in the Nigerian economy, you can obtain grants, with which you can use to kick start your business or take the business to the next level? Sounds too good to be true right? But it’s actually a fact.
There are numerous business Grants in Nigeria for business minded individuals who are willing and ready to make a difference in Nigeria through their business or business idea. These business Grants are non refundable money issued to individuals by various companies, NGOs, and even the federal government to encourage Entrepreneurs to venture into the business world with a good business plan. In today’s post, I’ll be showing you how to apply and obtain the top Grants in Nigeria 2022. Continue reading to see procedures.
Top 10 Grants in Nigeria
In this post, we’ll be analysing the requirements and applications procedures for the top 10 Grants in Nigeria.
1. Africa’s Young Entrepreneur Empowerment Nigeria (AYEEN)
The AYEEN scheme is a yearly grant scheme designer to empower young Nigerian Entrepreneurs. The aim of this program is to help young entrepreneurs with good business idea to actualise their dream. The AYEEN Scheme also offers mentorship program to participants to help build the necessary skills to be successful. AYEEN offers finical support (grants) worth up to millions depending on the type of business idea you have.
Requirements
- Applicants must be a Nigerian Citizen
- Applicants must reside in Nigeria
- Applicants must be above 18 years
- Applicants must have a dynamic business idea, or must have an already established business.
How to Apply
- To apply, visit the official portal of AYEEN at https://ayeonline.org/join/ to obtain the application form.
- Fill and submit the application form online.
- Write and submit your business plan through the official AYEEN portal
- You can choose to fill the J19 form instead
- You will receive an email containing information about the screening procedure
- Check your screening date and venue in the mail sent to you
- Head to the screening venue at the assigned date.
- Good luck.
2. Shell LiveWire
Shell LiveWire is one of the ongoing grants in nigeria 2022 initiated to assist young entrepreneurs from the Niger Delta region. The program was established in 2003, and has supported over Three thousand (3,000) young entrepreneurs to achieve their business goal. Also, over Six thousand Niger Delta youths have been trained by the scheme.
Requirements
- Applicants must be between the ages of 18 to 30 years
- Applicants must have an already established business idea
- Applicants must have attended an entrepreneurial training
- Applicants must come from the Niger Delta region.
How to Apply
- Visit the official website at https://www.shell.com.ng/
- Fill and submit the application form on the portal
- You’ll receive a notification indicating that your application is successful.
3. Tony Elumelu Foundation Entrepreneurship Programme
This is a Grant scheme created by Tony Elumelu, the Chief Executive Officer (CEO) of Heirs Holding. The scheme was introduced in 2015, and has since then empowered over Seven Thousand businesses (7,000) across Africa with a total of $25 million.
Requirements
- Applicants must legally reside in any African country
- Applicant’s business must be located in the country
- Applicants must either have an already existing business not older than 3 years, or have a fresh business idea.
How to Apply
- Visit the official portal of the scheme at https://tefconnect.com/
- Create an account on the portal
- Fill the online form
- Submit the form and wait for feedback.
4. GroFin Fund
GroFin is one of the popular grants in Nigeria for businesses. This program is designed to empowers small and medium scale businesses (SMEs) in the country. Over seven hundred businesses have benefited from the GroFin Fund program since it’s inception. Business owners can apply for funds ranging from one $100,000 to $1,500,000.
Requirements
- Applicants business idea must be socially impacting
- Business idea must fall under the one of the following; Recycling of waste, Energy, Health, Education, Water, Sanitation, and Agriculture.
- Applicants must reside in a country where GroFin Fund operates. E.g. Nigeria.
How to Apply
- To apply, visit the GroFin official website at http://www.grofin.com/
- Create an account
- Fill and submit the application form
5. YouWin Connect Nigeria
YouWin Connect Nigeria is empowerment program for young entrepreneurs in Nigeria. The goal of this program is to help young Nigerians to start up their business and to also help mentor young entrepreneurs in their chosen field. This program is organised in a competitive format, hence at the end of the competition, various awards and grants will be won.
Requirements
- Applicants must be a Nigerian
- Applicants must be between the ages of 18 and 40 years
- Applicants must have graduated from a recognized tertiary institution.
- Applicants business must also be located in Nigeria
- Civil servants are not eligible for this Grant.
How to Apply
- To apply, visit the official website at https://apply.youwin.org.ng/
- Enter your correct details
- Fill and submit the application form online.
6. Lagos State Entrepreneurs Trust Fund
This Grant scheme was created by the Lagos State Government with the sole aim of empowering the residents of Lagos state. So if you’re residing in Lagos state, this opportunity is open for you.
Requirements
- Applicants must reside in Lagos state
- Applicants must be within the ages of 18 to 35 years.
- Applicants business idea must be centred in any of the following categories; Entertainment, Health, Construction, Manufacturing, and Hospitality/tourism.
How to Apply
- To apply, visit the official website at https://lsetf.ng/
- Fill and submit the form online.
7. Innovation Price for Africa
This Grant Scheme is open to all Africans with an amazing business idea.
Requirements
- Applicants must be from any of the African countries
- Applicants must posses an analytic mind-set.
- Applicants must reside in an African country.
How to Apply
- To apply, visit the official website http://africaninnovation.org/
- Fill and submit the application form online.
- African Women Innovation & Entrepreneurship
The African Women Innovative & Entrepreneurship Programme is a popular empowerment scheme designed for women. The aim of this program is to encourage women leaders that can support their nation and increase the number of women entrepreneurs in Africa.
Requirements
- Applicants must be a female entrepreneur
- Applicant’s business must be in any African country
- Applicants are expected to have some achievement record.
How to Apply
- To apply, visit the official website at https://awief.awardsplatform.com/
- Fill and submit the form online.
9. National Youth Entrepreneurship Empowerment Summit
The National Youth Entrepreneurship Empowerment Summit is created by the Federal Government of Nigeria to help equip Nigerian youths with the necessary skills to become an entrepreneur.
Requirements
- Applicants must legally reside in Nigeria
- Applicants must have an already established business
- Applicant’s business idea must fall under one of the Federal Government top nine areas. (Entertainment, Dance, Art, Fashion & Design, ICT, Theater, Culture, Architecture, and News/Media)
- Applicants must be between the ages of 18 to 35 years.
How to Apply
- To apply, upload a short video descrbing your business idea on social media.
- When posting the video, tag NYEEsummit.
- You are also expected to add the following hashtags to the post: #NYEESCREATIVES and #NYEES.
- Bank of Industry (BOI)
Finally, the Bank of Industry is a scheme used by the Federal Government of Nigeria to support Small and Medium Scale businesses (SMEs) in the federation.
Finally, the Bank of Industry is a scheme used by the Federal Government of Nigeria to support Small and Medium Scale businesses (SMEs) in the federation.
Requirements
- Applicants must have a registered business
- Applicants must be between the ages of 18 to 35 years
- Applicants are expected to submit a well drafted business idea with profitable returns
How to Apply
- Visit the nearest BOI branch close to you to apply.
It is our pleasure to let you know that there are several Grants platform where entrepreneurs can easily get support in actualizing their business ideas, but the above mentioned schemes/programs are the top 10 we compiled For you.
