[Updated] 10 Available Business Grants in Nigeria to Expand your Business

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Now, you don’t have to worry about funding anymore. Use this list of available business grants in Nigeria to expand your business.

Here’s the link to the second part of the post: 22 Verified FG & International Grants for Small business in Nigeria

Money.

Funding.

Capital.

Without any of it; your dreams. Your entrepreneurial aspirations will not happen.

Harsh reality. But, true.

So, what do you do to raise capital?

Dip your hands into your savings? Take out a loan? Chase after investors?

Or,

you can apply and get grants for your business.

The good news is, in this post, we’ve rounded up 55 funding options for entrepreneurs. From Federal government agricultural grants, privately-funded grants for small businesses, and international entrepreneur grants.

No matter your industry, there’s a funding option for your business. All you have to do is pick one, make sure you meet the criteria, apply, and hopefully get the funding to start/expand your business.

Table of Contents

How to use this list

To make wading through the list easier, we’ve grouped them into categories. Use the table of content to go to the section of the article that interests you.

For each grant, we explained what it is. How much you can potentially win. Then list out the criteria to become eligible. Finally, we shared how you can apply.

Related Post: 4 Super-Smart Instant Funding Options to Grow Your Business Fast

List of Available Business Grants in Nigeria for Entrepreneurs [Part 1]

So, if you are ready, here are 55 available grants in Nigeria to kickstart your dream business.

[Updated] 10 Available Business Grants in Nigeria to Expand your Business 1
Download PDF Of All the Federal, State, and International Funding Opportunities

Tony Elumelu Foundation Entrepreneurship Programme

Launched in 2015 by Billionaire Entrepreneur and CEO Heirs Holdings, Tony Elumelu, the grant is a 10-year $100 million US dollar commitment towards empowering African entrepreneurs.

Since its launch, the foundation has disbursed $25 million worth of grants to 7520 entrepreneurs from Africa, making it the largest philanthropic institution on the continent.

Once you’re accepted as a TEF entrepreneur you can take advantage of the premium network of mentors, resources, and support you need to take your business from an idea to reality, to scale up and grow quickly.

So, it’s not just winning the grant; you also get invaluable professionals and experts you can turn to for help when needed.

Prize Money

Non-refundable seed funding of $5000

Eligibility

  • You must have the legal rights to work in the African country you’re applying from.
  • The Business must reside in Africa, and you must be a legal resident of any of the 54 African countries.
  • Your business must be in an early stage of 0 – 3 years or a business idea.
  • Your business idea must be for profit, focused on one business line, and be the original work of those applying.
  • You must create an account on tefconnect, and complete an online entry form to apply for the program.

How to apply:

Visit tefconnect, the largest platform for African entrepreneurs. Complete the form and submit your application.

Related Post: 5 Cool Ways to Raise Money For Your Business For the First Time

Africa’s Young Entrepreneur Empowerment Nigeria (AYEEN)

One of the foremost entrepreneurial empowerment and funding platforms launched to mentor, guide, and provide funding for smart business ideas in Nigeria.

The AYEEN program annually attracts over 25,000 applications from young Nigerian entrepreneurs across 36 states.

However, its unique model means you can get funding for your business idea or be accepted into the mentorship program where you network, learn, and master key business skills essential to starting, running, and expanding your business.

Prize Money

Varying amounts of funding as deemed fit by the panelists. It can range from a couple of hundred thousand nairas to tens of millions.

Eligibility

  • Must be running a business or has a viable business idea
  • Open to all Nigerian entrepreneurs aged 18 and above.
  • Must reside in Nigeria

How to apply

  • Visit AYEEN website
  • See the big bright button at the top right-hand side with “AYEEN 2019 Register Now”
  • Click on it.
  • On the new page, complete the form.
  • Submit.

GroFin Grants for Small and Medium Business

A private development finance institution focused on providing medium-term finance loans and business support for small and medium-sized businesses in the manufacturing, agribusiness, education, healthcare, and key service sectors (energy, water, sanitation)

Since its launch in 2004, GroFin has supported over 700 SMEs, sustaining 89 740 jobs, and is present in 14 countries in the sub-Saharan and MENA regions.

Prize Money

Up to $1.5 million US dollars. A minimum of $100k

Eligibility

  • Your business must be in any of the following sectors: healthcare, manufacturing, agribusiness, education, or in these key service sectors – energy, water, waste, recycling, and sanitation.
  • Your business must be in any country where their offices are located – Nigeria, Kenya, South Africa, Zambia, Ghana, Ivory Coast, Senegal, Uganda, Tanzania, Rwanda, Egypt, Iraq, Jordan, or Oman.
  • You need a medium-term loan of 100k to 1.5M US dollars.
  • Your business is making a social impact – creating jobs, benefiting the environment, and empowering women.

How to apply

To apply online, visit: Apply

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Shell LiveWire Funding

Shell LiveWire is a youth social development enterprise program focused on encouraging, training, and providing funding for youths to start a business.

The program is open to youths aged 18-30 from the Niger Delta region of Nigeria who desires to own a business.

Since its launch on March 27, 2003, the initiative has trained 6580 youths while 3373 participants were awarded grants to launch a business.

Prize Money

Unspecified

Eligibility

  • Must be aged 18-30
  • Has a viable business idea
  • Undergone and graduated from their intensive entrepreneurship course
  • Must be from Niger Delta – Abia, Imo, Edo, Rivers, Bayelsa, Delta, and Akwa-Ibom.

How to apply

Announcements would be made in national newspapers when open. Or visit here from time to time.

IB Plc Hero’s Foundation KickStart Program

IB Plc Hero’s Foundation KickStart program is a social investment initiative of International Breweries focused on instilling and encouraging entrepreneurial youths to pursue their dreams of launching a business.

The program has a three-way approach to training and boosting youth business capacity. Mentoring and guidance to leverage the expertise of experienced professionals and provision of grants.

Prize Money

Unspecified

Eligibility

  • You must be a youth aged 18 – 35 years old
  • Must be a Nigerian residing in the following states: Abia, Enugu, Imo, Anambra, Ebonyi, Edo, Delta, Rivers, Bayelsa, and Benue.

How to apply

Visit: KickStart and download the PDF application form.

GEM Grant

GEM grant is a funding partnership between the Federal Ministry of Industry, Trade, and Investment and the World Bank, which focuses on supporting manufacturing, entertainment, information and technology, tourism and hospitality, and agro-allied businesses.

Prize money

Minimum of $50,000 – $250, 000

Eligibility

  • The lead institution is an academic institution, research institution, industrial center, business membership organization, or non-governmental organization, in partnership with at least 3 of any of the following: a for-profit private sector company(s), partnership(s), or sole trader(s);
  • The lead institution must be operating in Nigeria;
  • The total GEM funding requested must be at least $50,000 and no more than $250,000; 
  • The lead institution and its partners must together provide matching cash or cash equivalent funds of at least 50 percent of the total project budget;
  • GEM funding must be requested for utilization on eligible costs or activities
  • The institution must satisfy the requirements on Environmental and Social Compliance
  • Other eligibility criteria will be added depending on the call for proposals
  • The GEM funding requested must be utilized within 15 months; and
  • The proposed idea must result in increased sales for the business, increased value
  • added per worker and creation of new jobs

How to apply

Currently not accepting applications. Check

Related Post: 6 Unknown Alternative Funding Options for Small Business

African Entrepreneurship Award

African Entrepreneurship Award is powered by BMCE bank of Africa with a focus on providing a platform for mentorship, a network of ready-to-investor Angel investors, and grants to smart business ideas.

You can send in your application for one of the two categories – Innovation & Sports Entrepreneurship and Sports.

Prize money

A cash prize of $ 1 million is to be shared among finalists.

Eligibility

  • You must be a citizen of an African country and at least 18 years.
  • Your business idea must apply to the African setting and include a technological component.
  • Your business idea must be for a profit with a social impact.

How to apply

Currently not accepting applications yet.

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Innovation Prize for Africa

Innovation Prize for Africa is a platform with a mission to galvanize the innovative spirit of the African people to proffer solutions to their everyday challenges.

The Award is aimed at encouraging innovation-driven solutions to the myriad of challenges in Africa by Africans.

So, give this prize a shot if you have an idea or solution that can solve Africa’s problems.

Prize money

First prize – $1000,000

Second prize – $25,000

Third prize – $25,000

Recognition prize – $5000

Eligibility

  • You’re a citizen of one of Africa’s 54 countries.
  • African diasporans are also eligible if they show they hold an African country’s passport.
  • The innovation is fully developed and not just an idea.
  • All mandatory fields are completed.

How to apply

Apply here

African Women Development Fund

A pan-African female-only grant-making organization that strives to support women’s rights and women-led organizations on the continent.

The fund provides grants to organizations tackling the issues of body and health rights, women’s economic security and justice, leadership, participation, and peace.

Prize money

Unspecified. However, since inception, the fund has given out $41.8 million US dollars.

Eligibility

  • Must be led by a woman and have the majority of its staff and board being women
  • Must be duly registered in an African country
  • Must have been in existence for at least 3 years
  • Must have the needed organisational structures for effective implementation of the project
  • Must have an appreciable financial management system to properly account for funds received
  • Must be capable of reporting back on the outcomes of the project
  • Must complete the necessary application forms

How to apply

Visit here and follow the application guideline.

Unilever Young Entrepreneurs Award

Are you a social impact entrepreneur tackling one of the planet’s sustainability challenges?

Do you need support and funding to scale? Unilever Young Entrepreneurs Award might be just the right opportunity you need to take your business to the next level.

The program seeks to recognize and support young innovators providing solutions to some of the world’s challenges. Since its inception, the initiative has reached over 3700 young entrepreneurs, with 37 winners receiving funding and support.

Prize money

Winner – 50,000 Euros

A residential Accelerator Programme run by the University of Cambridge Institute for Sustainability Leadership, followed by a year of mentoring support tailored to their needs.

Eligibility

We’re looking for initiatives relating to one or more of the three categories we’re focusing on:

  • Improve people’s health and well-being
  • Improve the health of the planet
  • Contribute to a fairer and more socially inclusive world

Whether it’s with an initiative, product or service, if you’ve gone beyond the idea stage and started to make an impact, we want to hear from you.

  • Anyone around the world, excluding Russians aged between 18 and 35.

How to apply

You’ll need to complete your profile and describe your project to submit your application.

African Women Innovation and Entrepreneurship (AWIE)

AWIE is the number one female entrepreneurship platform that promotes, supports, and provides grants to brave, innovative female entrepreneurs across the African continent. The program seeks to accelerate the growth of female-led organizations for inclusive African economic growth.

Every year the program recognises women in private and non-profit organizations doing exploits across industries for their economic contribution to African growth and social impact.

Prize money

Not specified.

Eligibility

  • Nominations should only be made relating to achievements made by a female entrepreneur and national (or permanent resident) of an African country with a registered business and operation in one or more African countries.
  • Nominees can be nominated or self-nominated.
  • A woman entrepreneur can be nominated for more than one category, but different nomination forms must be completed.
  • You may be asked to support or verify the evidence you supply as part of the nominations you make.
  • Five nominees will be shortlisted for each category and invited to the AWIEF Awards ceremony in October of the same year.

How to apply

Nominate a female entrepreneur here

Latest, On-going Business Grants 2020

Related Post: 8 Common Small Business Funding Mistakes You Must Avoid

Latest, On-going Business Grants 2020

Africa Cocoa Fund to Support Cocoa Famers in West & Central Africa

Africa cocoa fund to support farmers in Nigeria

The Africa Cocoa Fund (ACF) is an initiative of the Rainforest Alliance Organization to support cocoa farmers in West and Central Africa.

The fund is a 3-year program that aims to create measurable, long-lasting positive impact by building the capacity of certified cocoa farmers who most need assistance to implement sustainable agriculture.

Prize Money

$5 million total prize money, with $500,000 to be distributed among farmers in 2020. There will be additional calls for application in 2021 and 2022.

Eligibility

Eligible farmers fall into two categories:

  • Category A – Primary focus
  • Category B – Secondary focus

See the link below to learn more about each category.

How to Apply

Application is open till 2020 September, 30.

Fill out the Application Form to apply.

To ask questions, please contact: acf@ra.org

ESP Launches Zero-Interest Loan Program to Support African SMEs in a COVID-19 Economy

ESP launches interest-free loan to support entrepreneurs in Africa

The African Resilience Initiative for Entrepreneurs (ARIE) is an interest-free loan program to help 300 entrepreneurs across 7 African countries.

The initiative was launched by Entrepreneurial Solutions Partners (ESP) in partnership with the U.S. African Development Foundation (USADF) and in collaboration with Ecobank.

ARIE aims to provide technical and financial assistance to entrepreneurs, with 70% of the beneficiaries awarded to female-owned businesses.

Prize Money

Beneficiaries can expect to receive technical support and networking opportunities and up to $150,000 per firm.

Eligibility

  • Must be a firm registered in any of these 7 African countries: Nigeria, Ghana, Ivory Coast, Kenya, Rwanda, Senegal, and Uganda.
  • The company must be in any of these sectors: Manufacturing, Agri-business, energy and renewables, and Essential services.

How to Apply

Application is open till the 25th of September, 2020

Application Form

For more information, contact: arie@espartners.co

Agricultural Youth Summit Grant 2020

Agricultural youth summit grant

Leventis Foundation Nigeria, in collaboration with African Union, Economic, Social and Cultural Council, Nigeria (AU-ECOSOCC, Nigeria), is awarding a grant to two youth-led agribusinesses as part of the 2020 Agricultural Youth Summit.

Prize money

NGN500,000.00

Eligibility

  • Youth-led agribusiness
  • Must be a Nigerian with a business located in the country.
  • Follow Leventis Foundation on all social media platforms.

How to Apply

The application is closed. 5th August 2020

Application Form

Nigeria Impact Startup Relief Facility nisif

Nigeria Impact Startup Relief Facility (NISRF) is an emergency fund launched by a consortium of funding partners to help existing post-MVP stage high-growth startups weather the impact of covid-19.

Prize Money

  • $5000 – $20,000 equity-free grants.
  • Beneficiaries gain access to high-powered business mentors
  • Business continuity solutions.

Eligibility

  • Must be operating in Nigeria
  • Your startup should be tackling urgent social problems.
  • Must be post-MVP, revenue-generating, and registered with CAC
  • Have solid financial health pre-covid (USD 60K ARR – 12 months minimum).
  • Have received seed funding in the past
  • Your business should be scalable
  • Must be in any of the following industries: Agriculture, Critical infrastructure, Financial services, Health care, education, and initiatives that target the informal sector.

How to Apply

Apply Here

IGINITE 2020: Funding Opportunity for Women in Agribusiness

Launched in 2015, Guzakuza strives to empower female agripreneurs through workshops, advisory services, and grant opportunities.

Ignite is an agri-business accelerator focused on young African women in Agriculture. The initiative aims to provide technical know-how, market access, and mentorship to female agripreneurs.

Prize Money

£9,000.00 to support 100 young females in agribusiness.

Eligibility

  • Must be a female in agribusiness
  • Must be an African woman living on the continent or in the diaspora
  • Must be ready to give full commitment to the program
  • Must be proficient in English

How to Apply

Apply Here

Have more questions? Contact akwaaba@guzakuza.org

Greenhouse Lab: The First Female-Focused Tech Accelerator in Nigeria

Greenhouse Lab is a GreenHouse Capital-backed 3-month accelerator focused on female-led tech startups solving some of Africa’s biggest problems.

Prize Money

  • Access to a global network of investors, corporate partners, and mentorship
  • Access to products and resources from GreenHouse Capital.
  • Opportunity to work out of Vibranium Valley, Lagos.
  • Receive up to $100,000 funding.

Eligibility

  • Must be an early-stage startup with at least one female member on the founding member team.
  • Must be solving a critical problem in Africa.
  • Must be scalable
  • Team must consist of at least two members, with one technical member
  • Must have developed an MVP

How to Apply

Apply Here

Global Youth Empowerment Fund Grant

Global youth empowerment fund

The Global Youth Empowerment Fund is an initiative of JCI, and the SDG Action Campaign focused on providing funding, training, and mentorship to youth-led projects and social enterprises.

The program aims to empower youths from around the globe who are impacting their communities by investing in grassroots community projects that advances the Global Goals for Sustainability.

Prize Money

Not available

Eligibility

  • Youth-led projects advancing global goals for sustainability
  • Focused on impacting communities and the grassroots.

How to Apply

Apply Here

Final thoughts on available business grants in Nigeria to expand your business

The list above is the first part of the available funding options for small and medium-sized businesses.

We hope the grant options above help you pursue your entrepreneurship dreams.

Do you know of any grants we didn’t mention but that you’d like us to include? Are you a beneficiary of any of the grants above? We’d like to hear from you in the comments.

[Updated] 10 Available Business Grants in Nigeria to Expand your Business 2

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