7 Top Entrepreneurship Grants In Nigeria (2023)

By Olawale S. S. January 24, 2023 Business 0 Comments

Entrepreneurship grants in Nigeria come in many different types; there are some that are specific to certain areas of industry, while others are generally open, regardless of what line of business the entrepreneur is engaged in. Furthermore, there are entrepreneurship grants available to Nigerians, but which are funded by international organizations; while others still are provided by local organizations.

Interestingly, Nigeria also has a few donor bodies that offer grants not only to Nigerians but also to people all over the continent. This means there are plenty of opportunities for Nigerians to get grants, so as to set up, and expand their business operations.

Even though the available grants for businesses in Nigeria do not meet the demand on ground, the impact they make is already quite visible, as there are hundreds of start-ups in many different sectors of the economy, and there is potential for growth. Knowing where to get grants for business can go a long way in bringing entrepreneurs’ dreams to reality.

List Of Entrepreneurship Grants In Nigeria

Tony Elumelu Foundation Entrepreneurship Foundation

The Tony Elumelu Foundation Entrepreneurship Foundation is the largest private-sector financier in Africa. This foundation was established by Nigerian career banker Tony Elumelu, with support from international donors. The Tony Elumelu Foundation is open to business ideas, or businesses that have been in existence for less than 5 years.

This foundation has been in existence since 2015, and has provided seed capital to about 15,847 young businesses; empowering them with a non-refundable $5000, and giving them twelve weeks of business management training, with access to an impressive list of business mentors, sometimes including Tony Elumelu himself.

For more information about this foundation please contact:

Website: www.tonyelumelufoundation.org

Website: www.tefconnect.net

Access Bank 5 Million Naira Women Grant

Access Bank 5 Million Naira Women Grant is a program initiated by Nigerian tier one commercial bank Access Bank, to provide seed funding for women entrepreneurs with proven business ideas. This is a rather new program, but has already been successfully implemented in Nigeria, and is now being extended to 9 other African countries.

The Grant is available to women entrepreneurs who have built innovative businesses, and who need seed funding to expand their businesses. The program also provides expert training to help applicants grow their businesses into scalable ventures that can create employment opportunities and help grow the economy of their countries and the continent in general.

For more information about this grant please contact:

Website: www.womenpreneur.ng

Leap Africa Social Innovators Programme

Leap Africa Social Innovators Programme is one of the better-known entrepreneurship grants in Nigeria. For several years, this programme has provided financial support for young entrepreneurs with the skills and effective tools to bring about positive change and development. If you have ideas that can be turned into sustainable businesses, then you can apply for the Leap Africa Social Innovators Programme.

This programme has inducted 136 people into its fellowship and maintains a faculty numbering about 215 successful business persons who have in-depth knowledge of the African business environment.

For more information about this programme please contact:

Website: www.leapafrica.org/sip/

D-Prize Poverty Intervention Program

D-Prize is a program that is designed to provide grants to entrepreneurs that have designed businesses, or NGOs that can reduce or end poverty. Please note that this is not just a donor agency that wishes to provide finance for NGOs; it is also looking to provide funding for sustainable businesses. That means the business should be able to make profit so as to remain sustainable, while at the same time making an impact on poverty reduction.

Some of the areas where this program likes to focus on include: Agriculture, Education, Clean Water, Energy, Healthcare, and Businesses To Boost Livelihoods. The program is also willing to fund other sectors, as long as there is clear evidence as to how the proposals will reduce the rate of poverty.

Please bear in mind that the organizers want to see a plan as to how the idea will be implemented; this is because they have already seen several ideas, but have also noted that many of them have delivery gaps; which means the plans look good on paper, but they often fail to deliver on their promises.

For more information about this foundation please contact:

Website: d-prize.org

Orange Corners Kingdom Of Netherlands Grant

Orange Corners Kingdom Of Netherlands Grant is a grant made by the Government of the Kingdom of Netherlands, for developing countries. This grant is available for entrepreneurs from Nigeria. The goal is to empower the youth to develop their potential in business by providing them with funding, and the necessary skills to successfully establish themselves in business.

Orange Corners does not just provide seed capital and then watch the young people misuse it. There is also a 6-month incubation program that applicants must attend so as to help them get the skills that they will then put to use to make the most of the seed capital.

For more information about this programme please contact:

Website: www.orangecorners.com/country/nigeria

Kickstart Powered By International Breweries Foundation

Kickstart is a well-known entrepreneurship funding program that is powered By International Breweries Foundation. This is the philanthropic arm of International Breweries PLC, a maker of alcoholic beverages in Nigeria.

Kickstart provides funding for youth-owned businesses. Aside from providing money, the programme also provides training, and technical support for the beneficiaries, to enable them to make the most of the funding they are provided with.

Kickstart is also operational in several African countries such as South Africa, Lesotho, Botswana, Swaziland, and Tanzania. Some core areas of interest for this programme include agriculture, recycling of used packaging, water management, renewable energy, and so on.