Olaide WaheedThere are several ongoing grants in Nigeria; this is because the entrepreneurial spirit in the country is very high. Whether for reasons of choice or necessity; most Nigerians are more inclined to doing business in the form of trading, or any other kind of self employment. Nigerians are also very innovative; they are very quick to develop new things.
There are different types of Grants available in Nigeria; they are usually strict with disbursement of the money. This is because the donors have created the grants for the specific reasons, and to provide the aid to a specific set of people. A person may not be eligible to receive these grants unless he fits the exact description of those for whom the funds were created.
List Of Ongoing Grants In Nigeria
Bill And Melinda Gates Foundation Grants
The Bill & Melinda Gates Foundation (BMGF) was formerly known as the William H. Gates Foundation. This is a charitable organization dedicated to improving lives across the globe. Bill and Melinda Gates Foundation was founded by one of the world’s foremost billionaires Bill Gates, and his wife, Melinda Gates.
This Foundation has assets valued at around $50.7 billion; making it the world’s second biggest privately held charitable organization.
The Bill and Melinda Gates Foundation offers grants to Non Profit Organizations, and other such bodies in Nigeria who may be involved in Infectious disease control, Malaria control, HIV/AIDS, Tuberculosis control, Agricultural research, Reproductive Health, Agricultural development, Agricultural policy and Administrative Management.
For more information about this grant:
Website: https://www.gatesfoundation.org
Center For International Private Enterprise (CIPE) Grants
The Center for International Private Enterprise (CIPE) is a non profit organization; one that provides financial assistance for non government business initiatives. This organization has been in operation since 1983, it is one of the well established grant providing organizations in the world.
The Center for International Private Enterprise (CIPE) is based in the US, and the organizers are keen to ensure that they use their influence to promote democracy. The CIPE is a big and reputable organization.
The CIPE provides grants in Nigeria to business associations, chambers of commerce, think tanks, universities and advocacy organizations, and so on.
For more information about this grant:
Website: https://www.cipe.org
United States African Development Foundation (USADF)
The United States African Development Foundation (USADF) is an independent agency instituted by the government of the United States of America. This agency has been in existence since 1980, and has its headquarters in Washington, USA.
The United States African Development Foundation (USADF) operates in Nigeria, as well as in Benin, Botswana, Burkina Faso, Democratic Republic of Congo, Guinea, Kenya, Burundi, Liberia, Malawi, Mali, Mauritania, Niger, Rwanda, Senegal, Tanzania, Somalia, South Sudan, Uganda, Zambia, and Zimbabwe.
The USADF provides grants to early-stage enterprises in the agricultural or energy sectors, as well as youth-led firms that benefit underserved communities in Sub-Saharan Africa. Grants may be small, but this agency can provide funding for projects for up to $250,000.
For more information about this grant:
Website: www.usadf.gov
Tony Elumelu Entrepreneurship Programme (TEEP)
The Tony Elumelu Foundation is perhaps the biggest and most popular donor organization in Nigeria at the moment; it gives out grants to young people in Nigeria and other parts of Africa to help them get established in business. Winners number 1000 every year, and they are chosen from a pool of over 50,000 candidates across the continent.
This fund has been in operation since 2015, and it is scrutinized by industry experts who ensure that winners are chosen on the basis of viability of their projects.
Tony Elumelu Entrepreneurship Programme (TEEP) provides funding in the form of $5000 for every winner. Aside from the prize money, winners are also given entrepreneurship training, as well as access to mentors who are pooled from a rich retinue of accomplished businessmen across the continent.
For more information about this grant:
Website: https://www.tonyelumelufoundation.org
Ford Foundation Grants In Nigeria
The Ford Foundation is one of the world’s best known charitable organizations; it was started in 1936 by Edsel Ford and his father Henry Ford of the Ford Motor Company. The Ford Foundation has its headquarters in New York, United States of America, from where it provides funding to Nigeria, as well as to other places such as the United States, Africa, Latin America, Middle East, and Asia.
The goal of this foundation is to end poverty, fight injustice, and to promote free speech, among other things. Therefore, this grant is open to NGOs who are involved in any of the types of work highlighted above.
For more information about this grant:
Website: fordfoundation.org
African Enterprise Challenge Fund (AECF)
The Africa Enterprise Challenge Fund is a donor organization that provides its funding in a competitive way. Rather than just give out money to everyone who asks; this donor organization invites prospective awardees to take part in a challenge in which they pitch their ideas, and then awards the best and most convincing ideas with the money.
This fund is for private businessmen and entrepreneurs, in Nigeria as well as other African countries. The fund states that its mission is to help Africa’s private sector flourish.
The fund receives endowment from several foreign partners; including the Australian and Canadian governments. The AECF’ bourse is valued at $356 million.
For more information about this grant:
Website: https://www.aecfafrica.com
Rockefeller Foundation Grants in Nigeria
The Rockefeller Foundation was established by John D Rockefeller; a legendary businessman and oil magnate. This non-profit organization based in New York was established in 1913, and has an endowment worth $6.3 Billion. Their main areas of focus are philanthropic medical research and arts.
To find out more about them, please visit:
Website: rockefellerfoundation.org
AXA Research Fund Grants For Nigerians
AXA is a well known finance house with a global reach. The AXA Research Fund is geared towards making funding available for individuals and groups working to solve some of society’s problems. Its main focus areas are life and health, data and technology, climate and environment, and economics.
These grants are ongoing in Nigeria, as well as in South Africa, and 35 other countries.
For more information about this grant:
Website: https://www.axa-research.org
African Women’s Development Fund (AWDF) Grants For Nigerians
The African Women’s Development Fund (AWDF) is an organization that provides funds all across the continent for the use of groups working to advance women’s rights, as well as to develop capacity among the womenfolk in the country, and to empower them as well.
You may apply for this ongoing grant if you have ideas or a structure on ground that can promote the wellbeing of women.
Website: awdf.org
International Monetary Fund (IMF)
The International Monetary Fund (IMF) is the world’s biggest body charged with making financial intervention when necessary. It is charged with providing funding to non-profit groups working to assist the world’s poorest and most vulnerable people. Some of its biggest areas of focus include fighting poverty, and social dependence.
For further information about this grant:
Website: https://www.imf.org
Ongoing Grants From Bank Of Industry (BOI)
The Bank of Industry (BOI) is both a financial institution and a regulatory body in Nigeria that is charged with developing the industrial sector of the country. It has therefore established a youth empowerment initiative for young Nigerians to boost the economy.
Aside from receiving money; there is a training program for the young entrepreneurs which should take about 8 weeks to complete.
For further information about this grant:
Website: https://www.boi.ng
Grants From Lagos State Entrepreneurs Trust Fund (LSETF)
The Lagos State Employment Trust Fund (LSETF) is an initiative of the Lagos State Government which realizes that it cannot provide jobs for all the citizens, and now seeks to empower entrepreneurs and businessmen so that they can employ more people.
This initiative was started in 2016, and provides grants as well as loans and other forms of assistance. In order to receive this grant one must show that he has a business or an idea that can promote job availability, wealth generation, and unemployment reduction.
For more information about this grant:
Website: https://lsetf.ng
GroFin Grants
GroFin is a top name in the development finance industry. They offer many specialized packages to help boost the economies and reduce poverty in many countries in Africa and the Middle East.
There is an ongoing grant from Grofin which one can participate in if you have startup, of idea which you can prove its long term sustainability.
For more information about this grant:
Website: https://www.grofin.com
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Closing
The ongoing grants in Nigeria are many; one just has to have information at his fingertips. Please remember that grant awarding organizations are supervised by both international and external organizations. Therefore, before applying for any of the grants above it is necessary to check properly so as to be sure that one qualifies for the various grants.