getsupport grant for SMEs in nigeria (up to #2M)

Small enterprises are the backbone of the market in a country with a booming economy like Nigeria. But one of the major issues these companies deal with is a lack of sufficient finance. Inadequate funding is a major factor in the early failure of many small enterprises and startups. In fact, according to research by the International Finance Corporation (IFC), 96% of Nigeria’s micro, small, and medium-sized firms (MSMEs) are underserved and lack access to the capital they need to expand.

The Nigerian economy is largely made up of small and medium-sized businesses (SMEs). SMEs make up 96% of enterprises, 84% of employment, and 48% of Nigeria’s GDP, according to the National Bureau of Statistics (NBS).

SMEs are essential for boosting the economy, creating jobs, and eradicating poverty. They frequently act as the market’s earliest innovators, creating much-needed employment and money for others who may otherwise be jobless. SMEs can promote innovation and competitiveness, which will aid in boosting economic growth.

This detailed guide examines the numerous business incentives that will be offered in Nigeria in 2023 in an effort to alleviate these problems. This article will be an invaluable resource for Nigerian business owners looking for financial support by giving thorough information on government and foreign funding possibilities for small enterprises, SMEs, and startups. Let’s get started and use these funding options to help your company reach its full potential.

Program Objectives

1. To help small businesses that require credit to grow financially.
2. Inform business owners on how to improve their business processes.
3. Provide a grant to assist businesses with Expansion, Capitalization, Processing, and Business Development.

Eligibility Criteria

1. Business owners must be at least 18 years old.
2. The company cannot be older than three years.
3. Be available for a two-week workshop in Lagos.
4. Must be a legally registered and operating business. For example, a registered business name, a local government registration, or a C.A.C.
5. Must demonstrate that the business is profitable.

Application deadline is Sept 11th 2022

Click here and apply

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