RateCaptain
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
Subscribe
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
RateCaptain
No Result
View All Result
Home Business

How to secure a business grant in Nigeria.

Rate Captain by Rate Captain
April 11, 2023
in Business
Reading Time: 2 mins read
A A
0
How to secure a business grant in Nigeria.
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

Starting a business requires capital, and this is no news. While some fresh business owners opt for loans to fund their ventures, others apply for grants as an alternative source of funding. Grants are beneficial because they do not require payback like loan repayments would; thus presenting a useful measure that supports starting businesses.

In Nigeria, there are several ways to get funds for your business but one secure and easy way is by applying for grants specifically tailored towards entrepreneurs in the country. There are many organizations offering such programs with varying eligibility requirements depending on the type of company or project you wish to start up or finance respectively. Getting a business grant can be an intimidating process, but with the right preparation and research, it is possible to secure funding for your business. Here are some steps you can take to increase your chances of success.

AlsoRead

Union Bank Completes Delisting Procedure from NGX

Nigeria Market Highlights: Japaul Gold Ventures Leads Most Active Gainers, FCMB Surges By 7.03%

FCMB Group Successfully Completes N26 Billion Bond Issuance

The first step in getting a business grant is researching what grants are available that might meet your needs. There are many websites dedicated to helping entrepreneurs find grants they may qualify for based on their industry or geographic location. Additionally, there may be local organizations such as chambers of commerce or economic development centers that offer information about regional grants and programs designed specifically for small businesses in their area. It is important to read all the requirements carefully before applying so you do not waste time submitting applications that won’t get approved due to lack of eligibility criteria being met by the applicant organization/individuals involved with said organization.

Once you have identified which grants fit best with what type of project or business venture you would like funded then it’s time to start preparing an application package. This should include detailed information about how much money is needed and why, who will benefit from this funding as well as any other pertinent details related directly back towards achieving success within said endeavors. You will also need financial documents such as profit and loss statements; balance sheets; cash flow projections etc., depending on which specific program one applies too – these materials must accurately reflect current standing along w/future goals associated w/the overall plan at hand!

Finally, when submitting applications make sure they are complete and accurate double-check everything before sending them off. If necessary hire professionals who specialize in writing winning proposals if needed, this could prove invaluable when competing against others vying for the same resources being offered up via various granting agencies out there today.

Once submitted keep track throughout the entire process until the final decision has been made regarding acceptance status this way one knows exactly where things stand at any given moment during course of action taken heretofore mentioned above.

There are some grants available for Nigeria business entrepreneurs.

  • African Young Entrepreneurs Empower Nigeria (AYEEN)
  • Tony Elumelu Foundation (TEF):
  • Lagos State Employment Trust Fund (LSETF)
  • Shell LiveWire Funding
  • Youth Empowerment Nigeria (YEN)
  • Africa’s Business Heroes Funds

 

Previous Post

Buhari’s N320bn TETFund grant highest in 30 years – BMO

Next Post

IMF, World Bank Urge Nigeria to Provide Targeted Financing to SMEs

Related News

Union Bank Completes Delisting Procedure from NGX

Union Bank Completes Delisting Procedure from NGX

by Stephen Akudike
November 15, 2023
0

In a recent development, Union Bank of Nigeria has disclosed an adjustment in the acquisition price of minority shareholders' stakes...

Nigeria Market Highlights: Japaul Gold Ventures Leads Most Active Gainers, FCMB Surges By 7.03%

Nigeria Market Highlights: Japaul Gold Ventures Leads Most Active Gainers, FCMB Surges By 7.03%

by Stephen Akudike
November 10, 2023
0

In today's market activity, several stocks stood out as the most active, with notable gainers and a few experiencing losses....

FCMB Group Successfully Completes N26 Billion Bond Issuance

FCMB Group Successfully Completes N26 Billion Bond Issuance

by Stephen Akudike
November 10, 2023
0

FCMB Group Plc has achieved a successful milestone with the completion of the issuance of N26 billion perpetual 16% fixed...

MTN Nigeria Raises N52.9 Billion in Commercial Paper Issuance

MTN Nigeria Raises N52.9 Billion in Commercial Paper Issuance

by Stephen Akudike
November 9, 2023
0

MTN Nigeria Raises N52.9 Billion in Commercial Paper Issuance In a successful completion of its Series 8 & 9 under...

Next Post
IMF, World Bank Urge Nigeria to Provide Targeted Financing to SMEs

IMF, World Bank Urge Nigeria to Provide Targeted Financing to SMEs

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Experts Suggest Now Might Be the Ideal Time for Property Investment in the UK

Experts Suggest Now Might Be the Ideal Time for Property Investment in the UK

December 11, 2023
Flutterwave’s Remittance Surges to $32 Billion with U.S. Licence Expansion

Flutterwave’s Remittance Surges to $32 Billion with U.S. Licence Expansion

December 11, 2023

Popular Story

  • NEC Affirms CBN $3 Billion Loan for Naira Stability

    CBN Addresses Naira Shortage Concerns Amidst Increased Withdrawals

    0 shares
    Share 0 Tweet 0
  • Flutterwave’s Remittance Surges to $32 Billion with U.S. Licence Expansion

    0 shares
    Share 0 Tweet 0
  • Experts Suggest Now Might Be the Ideal Time for Property Investment in the UK

    0 shares
    Share 0 Tweet 0
  • Access Bank Invites Applications for 2023 Entry Level Trainee Program in Technology

    0 shares
    Share 0 Tweet 0
  • Nigerian Banks to Demand Tax Clearance Certificate Before Customers Can Buy Dollars, Other Foreign Currencies

    0 shares
    Share 0 Tweet 0
RateCaptain

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • Home
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • Cookie Policy
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

RateCaptain
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
View preferences
{title} {title} {title}
?>