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Federal Government Nigeria Grants 2018

Are you planning to start your own business, but do not have enough money? With federal government grants in Nigeria, you can receive monetary support to start entrepreneurship in most profitable areas.

What are government grants?

A government grant is a financial award that can be given by state, federal or local government. Such grants are not expected to be repaid. Federal grants help projects and ideas to executive their potential. It should be said that it is very competitive to receive the grant. Government grants play an important role in the economic development of the society. In most cases, it is not easy to start a new business, so these grants are considered as the support for start-up entrepreneurs.

Government grants for business in 2018: overview

If you have a good business idea and your age is between 18-65 years, you can refer to CBN in order to receive federal grants for business. Federal grants program of the organization has $10 billion for entrepreneurship grants. This grants program has many aims:

  • To support Nigerians who want to start their own business
  • To encourage graduates to become employers instead of job-seekers
  • To create a fewer risk monetary help for Nigerians.

The application for the grant is very competitive. The business concepts of applicants are considered by specialists, who assess their values. You should be ready to pass the selection stage if you want to receive this grant.

Read on, and you will know how to apply for these grants in 2018

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