You might want to ask, how do NGOs Make Money in Nigeria? Well, In this post, I am going to show you the 7 ways Nongovernmental Organisations (NGOs) make their money to ensure sustainability. Although NGOs are known as nonprofit organizations or not-for-profit organizations, they are always in need of money to execute their projects. Funding has always been the major problem of nongovernmental organizations in Nigeria.
Therefore, in this post, I will show you how NGOs make money in Nigeria. NGOs are found by passionate individuals to tackle one problem or the other in society.
Most people or groups who found.NGOs do so for pure service delivery purposes to society, but they need money to successfully achieve that goal. Thus, we will look at the ways existing NGOs in Nigeria raise funds to execute their projects and their rewards for doing so, even though they are nonprofit organizations.
What is NGO
As wepedia would say, NGO is an acronym for organizations found by private citizens or groups to operate independence of government. Despite the above fact, most NGOs in Nigeria depend on government for funding, a practice that has raised much controversy over the integrity of NGOs.
However, a majority of NGOs in the are active advocacy groups whose operations might step on the toes of government, thus making them reject government funding and sponsorship.
They are involved in advocacy for social justice and economic development matters which endear them mostly to the impoverished citizens. Another major focus of NGOs is humanitarian concern.
Category of NGOs:
NGOs are either categorized by their orientation or agenda which involve the activities and services they render. They include participation and empowerment NGOs, Operational NGOs, Campaigning NGOs, Advocacy NGOs or groups etc.
Types of NGOs
The types of NGOs include Community – based NGOs, City-wide NGOs, State NGOs, National NGOs, Multinational and international NGOs. They all operate within the above confines their names are tagged.
Requirements to Set up an NGO In Nigeria
There are so many requirements an individual or a group need to meet before being qualified to start an NGO in Nigeria. The laws governing NGOs establishment in country is something similar to the requirements for the registration of companies. Therefore, to successfully set up your NGO in Nigeria, you have to follow the following steps:
- Write a Comprehensive Plan for your NGO: incorporate the core values, mission and vision statements of the NGO in your plan
- Register Your NGO with The Corporate Affairs Commission: before your Nongovernmental Organisation can be up and running in Nigeria, you have to get it registered with the corporate affairs Commission by seeking the consent of the Registrar General. For your NGO to be consented to by the Registrar General, you must ensure that the name of your NGO is unique i.e. not identical with the name of any other organization that already existed/existing in the country.
- Documentation and Submission of Incorporation Credentials: documentation must include
- 2 copies of completed application letter duly signed by the Chairmen and Secretary of the said NGO.
- 2 copies of drafted NGO Constitution duly signed by same officials. airtel night plan
- Draft of the minutes of the meeting where the Constitution of the NGO was adopted
- Appointment of Trustees for the NGO
- A Bank Account with the Name of The NGO: a bank account is a necessary requirement for to set up an NGO because that is where you will receive donations and financial support from the public and organisations.
- Publication of notices mtn night plan
- Choose a Consultant or Solicitor for your NGO
How NGOs Make Money in Nigeria
Here we will try and offer explanations to cover the following areas;
- how do ngo workers get paid
- ngo funding sources
- how to raise funds for an ngo in nigeria
- how to get foreign fund for ngo
- types of funding for ngos
- how ngo get fund from government
- ngo donors list
- how to raise funds for ngo online
Funding is always the greatest concern of NGOs. Although most NGOs in Nigeria depends on government grants as a major source of funding, some of them deliberately avoid government funding, a practice considered as normal since most of their agenda, especially advocacy NGOs is against bad policies and practices by government.
They rather do not depend on voluntary contributions by their members. However, below is a breakdown of how NGOs generally make money in Nigeria:
1. Membership Dues
Since NGOs are found by concerned individuals or groups, and their members voluntarily agree to be levied with some dues which would be used in pursuing and executing the goals and projects of the NGO.
2. Fundraising Events
although some NGOs especially the advocacy groups do not accept funding from the government, a good number of them in Nigeria depend on government funding and sponsorship.
Government on the other hand has an obligation to fund any NGO that approaches it provided they meet the stipulated guidelines for founding and running such organizations. Governments are so obliged because NGOs funding is always provided for in the national annual budgets. how ngos make money in nigeria
However, questions have been raised as per the integrity of.NGOs who accept funding from the government as their core mandate revolve around advocacy for impoverished groups against bad government policies.
4. Grants from International Bodies/Organizations:
international organizations such as the Bretton wood institutions namely: the World Bank, the International Monetary Fund (IMF), the.World Trade Organization, the United Nations (UN),.European Union (EU), the African Union (AU), USAID make special provision for the funding of NGOs around the world. Therefore, most NGOs in Nigeria depend on those international organizations for their funding.
5. Charitable Institutions
some internationally renowned charitable institutions work to provide funding and support for.NGOs around the world.
NGOs can make money in Nigeria by applying for funding and sponsorship from Foundations such as the Ford and foundation, Tony Elumelu Foundation, Goodluck Ebele Jonathan Foundation and many other Foundations around the world.
In the above article I have shown in detail how NGOs make money in Nigeria. I believe you have also learned the step-by-step requirements and all it takes to set up an NGO in Nigeria. Before an NGO begin sourcing for funds, it must have scaled through the registration process satisfactorily. Thereafter, they can look for sources to raise money to run their programmes.
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