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How to Get Small Business Grants in Nigeria

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In effort to assist small and medium scale entrepreneurs (SME) to grow, Government sometime provide business grants in various forms. These funds can be accessed by those who meet certain criteria as stipulated by the government or the agencies involved. 

Business-Grants
Entrepreneurs working out business plan


 How can you have access to these federal grants to help you start your business or push your existing business to the next level? Here I want to point out few things you must do to be able to access federal grants.

 1. Prepare a Business Plan - You must have a robust business plan (what some people called bankable business plan) in place. Without proper business plan, there is no way you would be able to convince anybody about your business idea let alone government. Your business plan represent your preparedness towards the business - the more robust your plan is, the more serious investors and grantors will take you.

 2. Belong to a Co-operative - Most times, those funds are being disbursed through various cooperatives. If you don't belong to any, you may find yourselves outside the scheme of things. There are various cooperative societies for Farmers, Traders, Manufactures, etc... Find the one that is most suited to your need and join.  Make sure to be active member and always be in the know.

 There are many schemes and grants by the federal government that is currently ongoing. Sure-P Graduate Internship Scheme (GIS) which is established as part of the Subsidy Reinvestment and Empowerment Program. If you are looking for skill development, seek for information on how to become part of this scheme.

Some corporate organizations as part of their corporate responsibilities are also make grants available to small business start ups. Look out for these ones and see how far it goes.

 YouWin is ongoing too. If you are between the age of 18 - 40 and have a robust business plan for a business that will operate in Nigeria and employ Nigeria, you can apply.
Federal-Business-Grants
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9 comments:

  1. AnonymousSeptember 3, 2013 at 1:22 PM

    How do I write a business plan

    ReplyDelete
    Replies
    1. DarlintonSeptember 3, 2013 at 1:59 PM

      Write it on paper with Biro

      Delete
    2. NAPOLEONJune 17, 2014 at 5:46 AM

      Darlington Omeh,you're very stupid for replying that way. That's the same question millions of intending entrepreneurs ask.

      Delete
    3. UtibeApril 21, 2015 at 11:49 AM

      If you need a business plan or you want to learn how to write a winning business plan, check out www.utibeetim.com

      Delete
  2. Martins OsujiSeptember 3, 2013 at 3:33 PM

    hey i read this article on your blog ,but i still can't apply the you win competition ,please tell me how to raise fund ,i have a very good proposal .

    ReplyDelete
  3. AnonymousSeptember 4, 2014 at 7:22 AM

    Am Segun, what about those with informal education (vocational skills)

    ReplyDelete
  4. JF RABBIT PETSOctober 2, 2014 at 10:34 PM

    Do you know any agric inclined cooporative within abuja?

    ReplyDelete
  5. JF RABBIT PETSOctober 2, 2014 at 10:35 PM

    Do you know any agric inclined cooporative within abuja?

    ReplyDelete

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