The Central Bank of Nigeria CBN in conjuction with the World Bank launched a new, $10 billion empowerment program called “The Entrepreneurship Grant”. It was created for Nigerians who are currently unemployed.
The Entrepreneurship Grant has several purposes: Creating an environment for Nigerians to start their own businesses; Encouraging students/traders to become employers rather than job-seekers/labourers; Making the financial assistance of Nigerians meaningful and less risky; The terms to follow in order to get the Central Bank of Nigeria/World Bank grant
The CBN/World Bank Nigeria is willing to create the best environment for graduate/non-graduates citizens. However, the application process will be transparent and easy steps for application on the course of application. The programme requires the following: An entrepreneurship capacity building program that lasts for two or three days.
The training is mostly concentrated on generating a Business Model. An online Business Plan Competition where graduated students and non-graduate citizens will show off their business ideas. And finally there is a loan for up to 2 million of Naira that is given to those who have won the competition.
The credit will be provided within BOI’s 35 SME clusters with tenors ranging from three to five years inclusive of six to twelve months moratorium period. The funds are expected to create about 20,000 direct jobs and 100,000 indirect jobs annually.
NOTE: Application is Free of Charge Note: The grant is available for those who have successfully done the following: Passed the process of screening. Submit application online