Federal Government Grants 2021/2022 Check Application Portal Update.
Federal Government Grants in Nigeria 2021 – A federal government grant is a financial award given by the federal government and is not to be repaid.
These grants are given to help execute projects and ideas, it is considered as a support for people starting new businesses. It plays an important role in the development of the society’s economy.
Federal Government Grants for Business
Any individual between the ages of 18-65 with a good business plan can refer to the Central Bank of Nigeria (CBN) to receive federal grants for business.
This federal grant program has $10 billion for business grants. The aim of this program is to:
- Support Nigerians who want to start their own business.
- To encourage graduates to become employees.
- To create monetary help for Nigerians with fewer risks.
The application for a grant is very competitive; there are specialists who consider and access the business concepts. You have to pass the selection stage in order to receive the grant.
An area where you can get government grants is agriculture. Federal Government has given much attention to the agricultural sector in terms of grants.
As a farmer, you can join cooperative societies such as All Farmers Association of Nigeria (AFAN), Youth Empowerment in the Agricultural Program (YEAP) or Fadama, where they have the ability to gain support and beneficial grants.
The support by the Federal Government is very important especially when it comes to economic instability. You can also find other grants not necessarily given by the Federal Government to start up your business.
Federal Government Grants 2021/2022 Check Application Portal Update : Current School News