• About Us
  • Advertise with Us
  • Contact Us
Friday, March 31, 2023
GoldenNewsNG
No Result
View All Result
  • Home
  • News
    Naira Redesign Was For The Interest Of Nigerians – CBN Declares

    Naira Redesign Was For The Interest Of Nigerians – CBN Declares

    Latest JAMB News Today 31st March 2023 | 2023 JAMB Mock Exam Update 

    Latest JAMB News Today 31st March 2023 | 2023 JAMB Mock Exam Update 

    Nasims Payment News Today 31st March 2023

    Nasims Payment News Today 31st March 2023

    Black Market Dollar To Naira Exchange Rate Today 31st March 2023 (Aboki Exchange)

    Black Market Dollar To Naira Exchange Rate Today 31st March 2023 (Aboki Exchange)

    Naira Scarcity: Latest CBN News, Update On Naira Notes For 31st March 2023

    Naira Scarcity: Latest CBN News, Update On Naira Notes For 31st March 2023

    Nasims Payment News Today 31st March 2023

    Latest NPower News For Today 31st March 2023

    Trending Tags

    • Commentary
    • featured
    • Event
    • Editorial
  • Npower
  • Jobs
  • NYSC Info
  • Education
  • Business
  • Entertainment
  • Sports
  • Technology
  • Home
  • News
    Naira Redesign Was For The Interest Of Nigerians – CBN Declares

    Naira Redesign Was For The Interest Of Nigerians – CBN Declares

    Latest JAMB News Today 31st March 2023 | 2023 JAMB Mock Exam Update 

    Latest JAMB News Today 31st March 2023 | 2023 JAMB Mock Exam Update 

    Nasims Payment News Today 31st March 2023

    Nasims Payment News Today 31st March 2023

    Black Market Dollar To Naira Exchange Rate Today 31st March 2023 (Aboki Exchange)

    Black Market Dollar To Naira Exchange Rate Today 31st March 2023 (Aboki Exchange)

    Naira Scarcity: Latest CBN News, Update On Naira Notes For 31st March 2023

    Naira Scarcity: Latest CBN News, Update On Naira Notes For 31st March 2023

    Nasims Payment News Today 31st March 2023

    Latest NPower News For Today 31st March 2023

    Trending Tags

    • Commentary
    • featured
    • Event
    • Editorial
  • Npower
  • Jobs
  • NYSC Info
  • Education
  • Business
  • Entertainment
  • Sports
  • Technology
No Result
View All Result
Golden News
No Result
View All Result
  • Home
  • News
  • Npower
  • Jobs
  • NYSC Info
  • Education
  • Business
  • Entertainment
  • Sports
  • Technology
Home Featured

List Of Federal Government Grants To Apply in 2022

Enudi Golden by Enudi Golden
January 17, 2022
in Featured, Headline, Scholarship/ Opportunities
Reading Time: 5 mins read
How to Apply for FG N5000 RRR Cash Grant 2022 Through USSD code
43
SHARES
FacebookShareTwitterShareWhatsappShareTelegramShare

List Of Federal Government Grants To Apply in 2022

Gathering Available Federal Government Grants in Nigeria 2022, GoldenNewsNg have been able to  provide  a list of federal government grants and how to apply.

Having a business idea is not enough, you still need the required funding to kick start your business, especially one that you will not have to pay back as we will be walking you through the list of federal government grants you can apply for this year.

It’s no longer news that the President Buhari-led administration is working effortlessly to resuscitate the economy of the country after the negative impact of the COVID-19 Pandemic last year on the income of Small and Medium Enterprise owners in the country through intervention Grants.

READ ALSO

JAMB Past Questions and Answers For All Subjects (Download PDF format for Free)

Latest JAMB News Today 31st March 2023 | 2023 JAMB Mock Exam Update 

These grants are focused fully on MSMEs in which the Federal Government has initiated and thousands of beneficiaries have already benefited with many more beneficiaries to emerge.

What Is A Grant?

Grant is simply a fund given to an individual to support his/her business growth without the individual necessarily having to pay back which also means it does not attract collateral.  Grants are given by Large organizations, governments, Nongovernmental organizations, and wealthy individuals for various purposes. Unlike loans, you do not have to pay back.

Difference between Grants and Loans

Most times, people mistake grants for loans but we know the below explanation will give you a better understanding of both.

A Grant is simply a subsidy that is given to either organization or to individuals, which usually comes in the form of money or in the form of support, which cannot be returned. that is to say, a grant cannot be repaid, it is not like a loan that you will have to repay after some months which may attract you to lose your property or whatever you used for collateral.

A loan is money given to you which is meant to be repaid and in most cases, it attracts an interest rate and also collateral which the lender will hold in case you did not payback.

1. CBN Creative Industry Financing Initiative

The CBN is in collaboration with the Bankers’ Committee as part of efforts to boost job creation in Nigeria, particularly among the youth, has developed a Creative Industry Financing Initiative (CIFI).

More so, The Central Bank of Nigeria is in partnership with the Banker’s committee which recently launched Creative Industry Financing Initiative (CIFI) aimed at improving access to low-cost sustainable funding for entrepreneurs in the creative/IT sector.

The program, though not a grant, offers one of the lowest interest rates in the country at 9%. And it is open to youths with business ideas in Fashion, IT, Movies, and Music.

 

2. Government Enterprise and Empowerment Program (GEEP)

The Government Enterprise & Empowerment Programme (GEEP) is a direct effort of the Federal Government of Nigeria through the Bank of Industry to break a multi-decade jinx of economic growth without shared prosperity. It is an initiative by the Federal Government of Nigeria to provide financial inclusion and access to micro-credit for Nigerians at the bottom of the economic pyramid.

For More information on how to apply click here Apply Here

You can also apply using the USSD code which was recently introduced by the Federal Ministry of Humanitarian Affairs, Disaster Management and Social Development for the GEEP 2.0

How to Register for GEEP 2.0

1. Dial *4255*21#

2. Set up 6 digit withdrawal pin

3. Enter your Trade Name, e.g. Muhammed and Sons Enterprise

4. Enter Type of Business/Trade e.g., Rice, Maize or cassava Processing, Tailoring, etc

5.  Proceed to provide Answers to all the USSD code queries and Submit

When successful, a pop-up message will indicate that the Registration was a success.

Kindly note that due to network glitches resulting from a large number of Nigerians trying to use the USSD code, error messages may occur at intervals. Applicants are advised to continue trying until it is successful.

3. Lagos State MSME Recovery Fund 2.0

The Lagos State MSME Recovery Fund (LSETF) 2.0 is a funding programme that is designed to help MSMEs in Lagos recover from the effects of the Covid-19 pandemic and it is fully backed by the Lagos State Employment Trust Fund (LSETF).

The LSETF helps to promote entrepreneurship through enhancing access to capital, strengthening MSMEs’ institutional ability, and developing policies to improve the business climate in Lagos State. It will also develop programmes to train and place unemployed Lagos citizens in jobs, as well as programs to promote innovation in the Lagos ecosystem.

The Lagos State Government will contribute the majority of the fund in financing the programme which has been disclosed to be up to N25 billion over four years but will also seek additional funds from other sources such as donor partners, development agencies, business organizations, and individuals.

For More information on how to apply click here Apply Here

4. National Institute of Food and Agriculture (NIFA) Grants.

NIFA is a federal-owned agency under the umbrella of the USDA (United States Department of Agriculture). This grant, however, focuses on nonprofit organizations, larger businesses, and leadership that tries to advance agriculture.

Furthermore, the agency disburses federal funds to tackle agriculture-related issues affecting the nation. Also, NIFA spins throughout the year, offering different grants to foster healthy competition in the agricultural sector.

For More information on how to apply click here Apply Here

5. GroFin Fund

GroFin is a specialist, impact-driven financier. We help entrepreneurs succeed by providing them expert advice, continuous guidance, and financing to grow their businesses.

They believe that SMEs need more than finance to succeed. And that growing small businesses to create sustainable jobs is the most powerful driver of social and economic development that truly improves people’s lives.

For More information on how to apply click here Apply Here

6. African Women Development Fund

The African Women’s Development Fund is the first pan-African foundation to support the work of women’s rights organizations in Africa

The African Women Development Fund empowerment initiative is aimed at developing African women in businesses. It is a female-only grant that runs through the continent in empowering women.

It gives grants to associations handling the issues of body and health rights, ladies monetary security, equity, leadership, investment business that concerns women.

Related Posts

Download Free JAMB Past Questions & Answers In PDF [All Subjects]
Jamb & All Education News

JAMB Past Questions and Answers For All Subjects (Download PDF format for Free)

Latest JAMB News Today 31st March 2023 | 2023 JAMB Mock Exam Update 
Jamb & All Education News

Latest JAMB News Today 31st March 2023 | 2023 JAMB Mock Exam Update 

Nasims Payment News Today 31st March 2023
Npower

Nasims Payment News Today 31st March 2023

Black Market Dollar To Naira Exchange Rate Today 31st March 2023 (Aboki Exchange)
business

Black Market Dollar To Naira Exchange Rate Today 31st March 2023 (Aboki Exchange)

Naira Scarcity: Latest CBN News, Update On Naira Notes For 31st March 2023
business

Naira Scarcity: Latest CBN News, Update On Naira Notes For 31st March 2023

Nasims Payment News Today 31st March 2023
Npower

Latest NPower News For Today 31st March 2023

Next Post
Naira Gains Against US dollar in Black Market and P2P Exchange-See New Exchange Rate

Black Market Dollar To Naira Exchange Rate Today Monday 17th January 2022

Comments 2

  1. Chika says:
    1 year ago

    Thank you very much for these important information.

    Reply
  2. Adedayo-Ojo Monisade says:
    1 year ago

    How can I get this mono

    Reply

Leave a Reply Cancel reply

JUST IN

National Chairman, Julius Abure Suspended By Labour Party

National Chairman, Julius Abure Suspended By Labour Party

Davido Opens Up On His Relationship With Wizkid

Davido Opens Up On His Relationship With Wizkid

Naira Redesign Was For The Interest Of Nigerians – CBN Declares

Naira Redesign Was For The Interest Of Nigerians – CBN Declares

Peter Obi And Yusuf Datti Are Among The Most Dangerous Politicians In Nigeria – Fani-Kayode

Peter Obi And Yusuf Datti Are Among The Most Dangerous Politicians In Nigeria – Fani-Kayode

We Gave Out Our Victory By Ourselves – PDP

We Gave Out Our Victory By Ourselves – PDP

Super Eagles Ranked Number 13th Most Expensive Team Worldwide

Super Eagles Ranked Number 13th Most Expensive Team Worldwide

Missing Comedian Breaks Silence On His Where About After Returning Home

Missing Comedian Breaks Silence On His Where About After Returning Home

Kemi Olunloyo condemns ‘Mr Yakubu’ By Falz And Vector

Kemi Olunloyo condemns ‘Mr Yakubu’ By Falz And Vector

Davido’s New Album ‘Timeless’ Causes A stir Online

Davido’s New Album ‘Timeless’ Causes A stir Online

Download Free JAMB Past Questions & Answers In PDF [All Subjects]

JAMB Past Questions and Answers For All Subjects (Download PDF format for Free)

Follow us

Categories

  • Biafra
  • Big brother Titans
  • business
  • Crime
  • Education
  • Entertainment
  • Featured
  • General Information
  • Headline
  • Health
  • Insurance
  • Jamb & All Education News
  • Jobs
  • Lifestyle
  • LOAN & INVESTMENT
  • News
  • Npower
  • NYSC
  • Opinion
  • Politics
  • Relationship
  • Scholarship/ Opportunities
  • SPONSORED POST / GUEST POST
  • Sports
  • Technology
  • Tour
  • World News

Recent Posts

  • National Chairman, Julius Abure Suspended By Labour Party
  • Davido Opens Up On His Relationship With Wizkid
  • Naira Redesign Was For The Interest Of Nigerians – CBN Declares
  • Peter Obi And Yusuf Datti Are Among The Most Dangerous Politicians In Nigeria – Fani-Kayode
  • About Us
  • Advertise with Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms And Conditions

© 2022 Golden News

No Result
View All Result
  • Home
  • News
  • Npower
  • Jobs
  • NYSC Info
  • Education
  • Business
  • Entertainment
  • Sports
  • Technology

© 2022 Golden News

YOU WANT LATEST UPDATES?

JOIN OUR TELEGRAM CHANNEL NOW
X