Top 20 Grants in Nigeria; Requirements and How to Apply 2023
There are many opportunities to get grants in Nigeria. If you need grants, see the list here. You will also find the requirements and how to apply.
There are some of the recent and also interesting grants in Nigeria, that Nigerians can apply for. What then is a grant? A Grant is simply a subsidy that is given to either organisation or to individuals, which usually comes in the form of money or in the form of support, which cannot be returned.
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When we talk about Grants, it is actually a great initiative put up by the government or private organizations or investors to bring the business dreams of young entrepreneurs to reality.
There are numerous of grant programs in Nigeria that entrepreneurs, small business owners and individuals can apply for to start up or expand their business.
Grants are more preferable to loans in the sense that the money received don’t have to be repaid. Getting grants in Nigeria is not difficult as long as you meet up to the requirements then you can go ahead and apply and luckily you might be among the candidates/applicants chosen to get the grants.
If you’re interested in applying for a grant but don’t know how to go about it or you don’t know which one is more suitable for you then you don’t have to worry because this article will bring to your notice top 20 grants in Nigeria, the requirements of each and how to apply.
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List of Grants In Nigeria:
Top 20 Grants in Nigeria, Requirements and How to apply
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Live, Study and Work in Canada. No Payment is Required! Hurry Now click here to Apply >> Immigrate to CanadaThe following are the top 20 grants in Nigeria;
1. Africa’s Young Entrepreneur Empowerment Nigeria (AYEEN)
An empowerment initiative launched to help young aspiring entrepreneurs to achieve their business dreams. It provides funding for great business ideas in Nigeria.
It also has a mentorship program for young entrepreneurs where they are taught business skills essential to starting and expanding a business. This empowerment program takes place yearly as it attracts huge applications from young entrepreneurs across the country.
Grants on this platform can range from thousands of naira to millions of naira depending on the business ideas presented.
Requirements
-Must be 18 years and above.
-Must have a great business idea or run a business.
-Must live in Nigeria.
How to Apply
-Visit the AYEEN website.
-Register.
-Fill in the necessary forms required.
-Submit.
2. Tony Elumelu Foundation Entrepreneurship Programme
This empowerment program is sponsored by the CEO of Heirs Holding (Tony Elumelu) to empower young African entrepreneurs. It was launched in 2015 and since then it has been a yearly commitment.
Over 7500 entrepreneurs has benefited from the $25 million worth of grants since its launch. You can become a successful business entrepreneur once accepted into the foundation as you get mentorship that will help you greatly business wise.
Requirements
-You must be legally accepted to work in the country you are applying from which must be African.
-You must reside Legally in any of the 54 African countries and have your business stationed in any of them.
-Your business must not be older than 3 years. -You must have a profitable business idea.
How to Apply
-Visit the website: https://tefconnect.com/
-Create an account.
-Complete the necessary form and submit
3. Shell LiveWire
This is a funding program for youth to start up a business. It is opened to youths from the Niger Delta region in Nigeria who is interested in starting a business and is not less than 18 years and above 30 years. It commenced operation on March 27, 2003 and has successfully trained over 6500 youths while over 3300 participants were given grants to start a business.
Requirements
-Age range: 18 to 30 years.
-Must have a profitable and great business idea.
-Must have undergone rigorous entrepreneurial training.
-Must be from Imo, Edo, Niger Delta, Abia, Bayelsa, Rivers, Akwa Ibom and Delta.
How to Apply
-Visit their website: https://www.shell.com.ng/ for more information and updates.
4. GroFin Fund
This is an empowerment initiative that is committed to providing business support and grants for small and medium sized businesses in various key sectors of the country.
It has provided finance assistance to over 700 SMEs since its commencement in 2004 and has sustained over 89,000 jobs.
Requirements
-Your business must be in any of these category: education, agribusiness, healthcare, manufacturing, recycling, sanitation, water, energy and waste.
-Your business must be located in any of the countries they are situated in.
-Your business must make a social impact.
-Grants applied for must be $100,000 to $1,500,000.
How to Apply
-Visit their website: http://www.grofin.com/ to apply.
5. Lagos State Entrepreneurs Trust Fund
Lagos state entrepreneurs trust fund was established to provide financial support for Lagosians in need of money to start or expand their business. It is a thoughtful initiative by the government to tackle unemployment as well as create wealth and jobs for the Lagos state populace . Those who are looking to develop their small scale businesses or medium scale businesses can apply because the fund is committed to providing the necessary financial aid to help Lagosians with their small or medium scale businesses.
It also provides an avenue for participants to acquire the right skills in order to get good jobs. Its main focus is to inspire the innovative and creative minds in order to create a competent workforce across the state. It targets the unemployed and underemployed in the state.
Requirements
-Age range: 18 to 35 years.
-Business must be in any of these sectors: Health care, entertainment, hospitality and tourism, manufacturing and garment making and construction.
How to Apply
-Visit: https://lsetf.ng/ to apply.
6. Bank of Industry (BOI)
BOI is an initiative by the federal government to financially support and help small and large business enterprises grow. Grants are provided to interested business owners in form of loans to help them in the growth of their business. The scheme provides various kinds of grants for all kinds of entrepreneurs
Requirements
-Your business must be in Nigeria and must be registered.
-Profitable business idea should be submitted.
-You must be the right age to apply.
How to Apply
-Go to the nearest BOI offices nearest to you and apply.
7. YouWin Connect Nigeria
This program provides funding for young Nigerian entrepreneurs who lack funds to start up a business. YouWin! Connect also provide a forum for young entrepreneurs to connect with industry experts in other to nurture their ideas thereby enhancing job creation as well as ensuring business growth. Participants get grants for their business when they win the competition organized by YouWin.
Requirements
-Age range: 18 to 40 years.
-Must be a Nigerian.
-Business must be located in Nigeria.
-You must be a graduate of a higher institution.
-You must not be a civil servant.
How to Apply
-Visit their website: https://apply.youwin.org.ng/ to register
8. USADF Grant
The U.S. African Development Foundation (USADF) is an independent American government agency that is committed to empowering African countries by providing grants to Nigerian entrepreneurs and other entrepreneurs in several other African countries in order to improve their lives and livelihoods.
Requirements
-You must be above 18 years
-You must be a citizen of the country you are applying from.
-You must have a registered business.
-Your business must be located in Africa
How to Apply
To apply for USADF grant, visit their website: https://www.usadf.gov/
9. KickStart
KickStart is a social investment initiative by the IB PLC Foundation aimed at reducing unemployment by ensuring young innovators and entrepreneurs get the right training, business skills, mentorship and development support. It targets the youths of the southwest by ensuring their lives are greatly improved as well as the economic prosperity of the southwest. It organizes yearly competition in which the winner gets grant to KickStart their business.
Requirements
-Age range: 18 to 35 years.
-Must be from the south western region and also have a business there.
-Must have a valid ID.
-Must have an innovative and profitable business idea.
-Must be a literate.
-Must be able to operate the business full-time.
How to Apply
To apply, visit their website: https://herokickstartnigeria.org/
10. African Women Innovation and Entrepreneurship
This program provides support and grants to innovative female entrepreneurs across African countries. Its main focus is to increase the growth of organizations led by women for economic growth. It also recognizes women who are doing exceedingly well in the non-profit and private organizations in order to contribute their quota economically are doing exceedingly well in the non-profit and private organizations in order to contribute their quota economically to the growth of Africa.
Requirements
-Must have a registered business in one or more African countries.
-Must have achievements as a successful female entrepreneur to be nominated.
-Must be a female entrepreneur.
How to Apply
Visit this website: https://awief.awardsplatform.com/ to apply.
11. Innovation Price for Africa
This platform is aimed at utilizing the innovative minds of the African people to solve the problems associated with African countries. Grants are provided to participants who are keen to solving problems.
Requirements
-Must reside or belong to any of the African countries.
-Must have an innovative and analytic mind.
How to Apply
Visit their website: http://africaninnovation.org/
12. National Youth Entrepreneurship Empowerment Summit
This is an empowerment initiative by the federal government to equip young Nigerian entrepreneurs with the necessary skills and training needed to contribute to the development of the nation’s economy.
Requirements
-Age range: 18 to 35 years.
-Must live and have a business in Nigeria.
-Must have a business idea that contributes to any of the 9 FG top areas in the country.
-Must have a business in: ICT, Dance, Art, Theater, Fashion and Design, New Media, Hands and Craft, Film and Entertainment, Architecture and Culture.
How to Apply
-Make and upload a one minute video showcasing your innovative idea on social media.
-Hashtags: #NYEES #NYEESCREATIVES.
-Tag and follow @NYEEsummit.
13. Global Innovation Fund
This is a funding program aimed at providing support to innovative minds in Africa in which Nigeria is not left out. Beneficiaries with innovative business ideas are supported with grants or loans.
Requirements
-Must be 18 years of age and above.
-Must be a citizen of the country you are applying from.
-Must have outstanding business ideas.
How to Apply
To apply for Global Innovative Fund, visit their website: https://www.globalinnovation.fund/
14. African Women Development Fund
A funding initiative aimed at supporting the rights of women and organizations owned by women in the world. It ensures that grants are provided to organizations who focus on tackling women’s economic security and justice, issues of health rights, participation, peace and leadership.
Requirements
-Organization must be owned and led by a woman .
-Organization must be registered in an African country.
-Organization must be 3 years old.
-Must have a sound financial management system.
-Must be able to give feedback for projects undertaken.
How to Apply
Visit: https://awdf.org/ to apply.
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15. Diamond Bank BET Programme
BET (Building Entrepreneurs Today) is a program organized by Diamond Bank to support Nigerian entrepreneurs in gaining the necessary business skills and training in order to aid the growth of their business. 50 applicants are successfully selected to undergo intensive training for a period of 6 months and after training has been completed, the top 5 applicants are given grants of 3,000,000 naira to expand their business. The programme has greatly contributed to wealth creation across the country by providing support to numerous entrepreneurs.
Requirements
-Must be a citizen of Nigeria.
-Must have innovative business idea that can make social impact.
-Must have been business in Nigeria.
-Entrepreneurs from all sectors in the country can apply.
How to Apply
To apply, visit: http://diamondbankbet.com/
16. Unilever Young Entrepreneurs Award
Young entrepreneurs who are keen on proffering solutions to world problems can apply for Unilever Young Entrepreneurs Award. It provides financial support to young innovative entrepreneurs in order to expand their business.
Requirements
-Age range: 18 to 35 years.
-Must have innovative business ideas to make social impact.
-Must be skilled in the health sector.
-Must be able to improve people’s well being and health.
How to Apply
To apply for Unilever Young Entrepreneurs Award, you need to visit:
https://youngentrepreneursawards.unilever.com/ to register and complete your profile.
17. Bank of Industry Youth Entrepreneurship Support Program
This funding program by the Bank of Industry is aimed at cultivating the habit of entrepreneurship in youths by providing funds for profitable business ideas as well as training them extensively. Applicants undergo 8 weeks extensive online business and entrepreneurship training.
Requirements
-Must have a viable business idea which will be situated in Nigeria.
-Must be a Nigerian citizen within the ages of 18 to 35.
-Must have a minimum qualification of OND.
How to Apply
Visit: http://onlineregportal.com/YesProgramme/ to apply.
18. I-Startup SouthWest Programme
This is a social investment initiative by the federal government to provide mentorship, training and non refundable grants to entrepreneurs. This program is opened to all entrepreneurs using tech to proffer solutions to problems in ICT, Agriculture, Digital oil field and manufacturing.
Requirements
-Business must be located in the Southwest region.
-Must have a profitable business idea in ICT, Manufacturing, Governance, Health or Agriculture.
-Must have a business for profit.
How to Apply
To apply, visit: https://www.premierhub.com.ng/
Read Also: Steps To Get NERFUND Loans in Nigeria
19. Africa Netpreneur Price
This is an initiative by Jack Ma Foundation to financially support entrepreneurs across Africa.
Requirements
-Must belong or reside in any of the African countries.
-Entrepreneurs of all ages can apply.
-Business must be located in any of the African countries.
How to Apply
To apply, visit: https://apply.netpreneur.africa/ to know when application starts.
20. Leventis Foundation Agricultural Training Programme
This funding programme is aimed at providing financial, physical and mental support to farmers across the country in order to boost the country’s economy.
Requirements
-Age range: 18 to 40 years.
-Must be physically fit.
-Must be a literate.
-Must have a good background in farming.
How to Apply
Applicants should submit application containing detailed information and other necessary important documents to 1 Leventis foundation/ Osun State.
Read Also: 21 Quick Loans without Collateral in Nigeria
Conclusion
There are numerous grants available in Nigeria but the list compiled in this article are the top grants in Nigeria. Apply now so you can get that grant to start or expand your business.
You can always choose from the above five options as a Nigerian, and they are the available best grants in Nigeria. I have described each of these options in detail. Make your choice.
