Top Grants in Nigeria 2024 – Having financial setbacks, or financial difficulty, are you in need of a grant for business or health issues, there are various grants that are available in Nigeria. Either as civil servants or as private workers or etc., you have access to these grants. The only difference will be in the mode of repayments.
Each of these grants has its various requirements administration and even interest rates. In this article, we will give you a list of grants that are required as top grants in Nigeria. We will also give you the requirements for each of these grants and the application procedure.
Grants are known to be an amount of money that is given either by the government or an organization for a specific purpose. Grants given by the government sometimes are not refundable. Ones given by an organization might be refunded
For the government, the reason for giving grants is to provide public service and enhance or stimulate the economy. It is a support or recovery fund for some initiatives and can also be called federal domestic assistance. Therefore, It should be noted that grants are more beneficial than loans. There are various grants for business owners, entrepreneurs and etc.
Top Grants in Nigeria 2024 Requirements and Application Procedures
The list of the top grants in Nigeria includes
- African Young Entrepreneur Empowerment Nigeria
- Tony Elemelu Foundation Entrepreneurship program
- Shell live wire
- GroFin fund
- UNICEF Innovation Fund
- Black Founders Fund For Africa
- USADF Grant
- African Women’s Innovation and Entrepreneurship
- Innovation price for Africa
- Global Innovation fund
#1. African Young Entrepreneur Empowerment Nigeria
This is known by the abbreviation AYEEN. It is an empowerment scheme for young persons who are interested in entrepreneurship.
They are given to young persons who have business ideas and initiatives but lack the funds to activate them. It is also for people who have started their business but need finances to boost it.
The empowerment scheme was funded in 2010 by Summy Smart Francis.
Requirements
- applicants should be Nigerian
- applicants should have a business idea or should be running a business
- applicants should reach legal age (18 years and above)
- Applicants must be a citizen of Nigeria and should live in Nigeria.
Application procedures
- Using your preferred network, you can log on to the official AYEEN website at https://ayeorganization.com/
- Register following the registration process
- Fill out the forms correctly and please ensure to input the correct information
- Submit your application
- and wait for a response from the team
#2. Tony Elemelu Foundation Entrepreneurship Program
This is a program that is being sponsored by the CEO of Heirs Holding. It is meant to empower young Africans yearly. This program has been in existence since 2015.
Requirement
- must be an African
- you must be a citizen of one of the fifty-four African countries and have your business in any of these countries
- you must be applying from an African country
- Your business should not be more than three years of existence.
- Your business and business idea must be a profitable one.
Application procedure
- Using your preferred browser you can log in to the portal using the official website at https://www.tonyelumelufoundation.org/
- Create an account with them and register
- Fill my the accurate details during the registration process,
- Submit your application and then submit.
#3. Shell Live Wire
This is basically for starters ( young starters). It is a youth project basically from the Niger Delta region in Nigeria.
This fund is given to youth with great business ideas who are not below 18 years old and not more than 30 years old. The organization started operation in 2007 march.
It has a history of serving over six thousand five hundred youths and giving grants to more than three thousand youths.
Requirements
- should be 18 years and not below 30 years
- should have a nice and profitable business idea
- Must be from one of the Niger Delta regions (Edo, Niger Delta, Abia, Bayelsa, Akwa Ibom, Delta).
Application Procedure
- Using your preferred browser you can log in to their official page for registration at https://www.shell.com.ng/sustainability/communities/livewire-nigeria.html
- Create an account with them and register
- Fill my the accurate details during the registration process,
- Submit your application and then submit.
#4. GROFIN FUND
This is a support for small-scale businesses and medium-scale businesses. It was established in 2004 and has sustained and supported over 700 SMEs
Requirements
- your business category should include education, healthcare, manufacturing, recycling, sanitation, water, energy, waste
- your business must be in any African country
- it must be such that has made a social impact
- grants are only for $100,00 to $1,500,00
Application Procedure
- You can visit their official website for registration https://www.grofin.com/
- Create an account with them and register
- Fill my the accurate details during the registration process,
- Submit your application and then submit.
#5. UNICEF Innovation Fund
This is a fund that is meant for European countries to provide market solutions and also supports the transition to climate neutrality
Requirements
- Should be a citizen of the country in which you are sending your application
- Must have a business name that is registered
- Your business should be in Africa
Application procedure
- Visit the official website at https://www.unicefinnovationfund.org/
- Check for eligibility criteria and if you meet to register
- Read the request for expression of interest document carefully
- Submit your expression of interest
- Wait for response
#6. Black Founders Fund for Africa
This is a fund that is aimed at racial inequality in venture capital. It also provides mentorship for early-stage and black-led businesses across Africa and Europe.
Requirements
- Technology based start-ups
- Service in the early stage or growth phase
- The organization must have a black founder
- Must be among the eligible countries
Application Procedures
- Log on to the official website at https://www.campus.co/africa/black-founders-fund/
- Create an account with them and register
- Fill my the accurate details during the registration process,
- Submit your application and then submit.
#7. USADF Grant
This is an acronym for the U.S. African Development Foundation. It is an independent American government agency that is responsible for empowering African countries by making provisions for grants to improve their livelihoods.
Requirements
- Should be up to 18 years
- Should have registered business name
- Your business should be in Africa
Application Procedure
- Visit the official website at https://www.usadf.gov/apply
- submit your updated CV
- provide scanned copies of your academic degree and certificates
- attach your letter of motivation
- present your proof of citizenship or evidence of permanent residency
- your work authorization in the proposed country of employment should also be added to your scanned documents
- submit an application and wait for a response
#8. African Women Innovation and Entrepreneurship
This is an economic organization that is for all African women and girls. They organize awards, recognize, honor, and celebrate women, and support them with grants for startups in business, etc.
Requirement
Applicants should have a business that is registered in an African country. It can be one or more than one African country.
Must be a female entrepreneur
Should have achievements as a successful female entrepreneur nominated
Application procedure
- Visit the official website at https://www.awieforum.org/
- Create an account with them and register
- Fill my the accurate details during the registration process,
- Submit your application and then submit.
#9. Innovation Price for Africa
This is aimed at creating a utilizing the innovative minds of the Africans at large to solve major African problems.
Grants are provided to people who can solve major African problems.
Requirements
- He or she should be a citizen of any of the African countries
- Must have an innovative and analytical skill
- Should have a positive mindset
Application Procedures
- visit the organization’s official page at https://www.sareco.org/fund/innovation-prize-for-africa/#:~:text=First%20prize%20is%20worth%20US,US%245%2C000%20in%20technical%20support.
- Create an account with them and register
- Fill my the accurate details during the registration process,
- Submit your application and then submit.
#10. Global Innovation Fund
This is the last grant on our top list This is a grant that is given to persons with innovative business ideas
Requirements
- Should be up to a legal age (18 ) years
- Should be a citizen of the country where you are applying from
- Should have a registered business name
- Should have an outstanding and innovative business idea.
Application Procedure
- Visit the official website at https://www.globalinnovation.fund/
- Create an account with them and register
- Fill my the accurate details during the registration process,3
- Submit your application and then submit.
Conclusion
This article is all about the top 10 grants we have in Nigeria, their requirements, and their application procedures. It also gives links for a person who wishes to get more information or apply.
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