Financing Programs for Nigerian Entrepreneurs | Be A Boss Of Your Own
Entrepreneurship is the best way to move our country forward. The problem encountered by many people today is financing their business. Many young youth dreams have ended due to lack of finance. This article will serve as eye open and give you Financing Programs for Nigerian Entrepreneurs.
These Financing Programs for Nigerian Entrepreneurs are aimed at helping you out and alleviate you from poverty. They problem loan to interested persons to finance and manage their business. The following are Financing Programs for Nigerian Entrepreneurs in Nigeria, join today and be a boss of your own.
Financing Programs for Nigerian Entrepreneurs
Omojuwa Small Business Support Fund (SBS)
This program is found by Japheth Omojuwa, chief strategist at Alpha Reach, the small business support fund ALSO READprovides grants ranging from 50,000 to 120, 000 naira to business owners in need of funding support. This program is created to help young Nigerians have a better living.The fund recently disbursed over 2 million naira to over 30 businesses. They also help to promote your business by awarding entrepreneurs with website development services, media and professional support.
Government Enterprise and Empowerment Program (GEEP)
GEEP is an initiative of the federal government of Nigeria and Bank of Industry. The GEEP program offers a no-interest loan scheme with a one-time 5 percent administrative fee for costs. GEEP to date has disbursed 23,400 loans to artisans, traders, farmers and entrepreneurs across 13 states. You can make GEEP part of your success story by applying for funding here. http://www.boi.ng/marketreg/
Lagos State Employment Trust Fund (LSETF)
This is state owned Financing Programs for Nigerian Entrepreneurs. Their mission is to create employments and wealth for all Lagosians. The fund wants to target 100,000 small to medium-sized enterprises (SMEs) by 2019. Through the fund, entrepreneurs receive a loan at 5 percent interest rate per annum. It is also important to note that 20 percent of SMEs in Nigeria call Lagos home.
The Made in Nigeria Business Challenge (MINC)
This is created by the Senate President of Nigeria, Bukola Saraki’s office. This program is created to enhance national building and to celebrate Nigerian entrepreneurs. Made-In-Nigeria challenge provides entrepreneurs with locally sourced products a platform to connect with government officials and agencies.
Tony Elumelu Entrepreneurial Program (TEEP)
This Financing Programs for Nigerian Entrepreneurs was initiative by the Tony Elumelu Foundation that provides a $5000 seed capital to enterprising young people with good ideas. TEEP requires its program participants to attend intensive business training and mentoring course.
LoftyInc Capital Management (LCM)
The Program recently announced the launch of a new $25 million fund for African entrepreneurs, which will focus on early stage Africa-facing enterprises that leverage technologies to create social impact and tackle big problems. The program is founded by Idris Bello and partners.
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