If you are an aspiring entrepreneur in Nigeria with innovative business ideas but limited resources, there is good news for you.
Many grants and programs are available to support and empower young entrepreneurs like you. This blog post highlights some of the top ongoing grant opportunities that can help you launch and grow your business in 2024.
List of Current Grants Ongoing in Nigeria 2024
1) Tony Elumelu Foundation Entrepreneurship Program
The Tony Elumelu Foundation Entrepreneurship Program provides funding and training to young entrepreneurs across Nigeria. This grant aims to empower individuals with innovative business ideas, offering them the support they need to succeed. For more information and application details, visit their website: Tony Elumelu Foundation.
2) Youth Empowerment and Development Initiative (YEDI) Grant
YEDI offers grants to youth-oriented projects focusing on education, health, and empowerment. This initiative aims to support the development of young people in Nigeria through targeted funding and resources. To learn more about this grant and how to apply, visit the YEDI Grant website.
3) Lagos State Employment Trust Fund (LSETF) Grant
The Lagos State Employment Trust Fund (LSETF) provides grants and loans to support small and medium-sized enterprises (SMEs) in Lagos State. This fund aims to foster economic growth and job creation by supporting local businesses. For application criteria and processes, visit the LSETF Grant website.
4) Federal Government Grants
The Nigerian government periodically releases grants for various sectors, including agriculture, education, and health. It is essential to regularly check government websites such as the Federal Ministry of Finance, Budget, and National Planning for the latest grant opportunities. More details can be found on the Federal Ministry of Finance, Budget, and National Planning website.
5) Bank of Industry (BOI) Grants
The Bank of Industry (BOI) provides grants and funds to businesses across different sectors. They aim to support industrial growth and development in Nigeria. For eligibility criteria and application procedures, visit the Bank of Industry website.
6) African Women Development Fund (AWDF) Grants
AWDF offers grants to women-led organizations and initiatives that promote women’s rights and empowerment in Africa. This fund supports projects that enhance the status and well-being of women. For more information, visit the AWDF Grants website.
7) Google Impact Challenge Nigeria
Google offers grants to nonprofits and organizations that use technology to address societal challenges in Nigeria. This challenge aims to drive innovation and positive social impact. Keep an eye on their website for updates on the next round of applications: Google Impact Challenge Nigeria.
8) Nigeria Content Development and Monitoring Board (NCDMB) Grant
NCDMB provides grants and support to Nigerian-owned businesses in the oil and gas industry. This initiative aims to boost local content and capacity in the sector. For more details, visit the NCDMB Grant website.
9) African Development Foundation (ADF) Grants
ADF offers grants to community-based organizations and grassroots enterprises that aim to create opportunities and sustainable development in Africa. These grants support projects that drive social and economic growth. For more information, visit the African Development Foundation website.
10) Mastercard Foundation Fund for Rural Prosperity
The Mastercard Foundation Fund for Rural Prosperity provides grants to innovative businesses and projects that promote financial inclusion and rural prosperity in Africa, including Nigeria. This fund aims to improve livelihoods and economic conditions in rural areas. For application guidelines and more information, visit the Mastercard Foundation Fund for Rural Prosperity website.
Important Considerations
Before applying, ensure you thoroughly check the eligibility criteria, application requirements, and deadlines for each grant opportunity.
Grant availability and application periods can vary, so it’s advisable to regularly visit the respective websites for the most up-to-date information.
By staying informed and prepared, you can take advantage of these opportunities to support and grow your business.
