Grants for Small Businesses in Nigeria (March 2024)

Compilation of Grants for Small Businesses in Nigeria (March 2024)

Looking for funding for your small business? Here’s a list of grants you can apply for and get funded.

• Tony Elumelu Entrepreneurship Program for Women 2024 ($5 Million in Funding)

• MTN Foundation Yellopreneur Grant and Loan 2024 for Female Entrepreneurs

• LSETF MSME Loan Program (N50,000 – N500,000 per person)

• Mastercard Foundation Africa Growth Fund For SMEs |USD$200 million Fund

• Abdul-Lateef and Sanni Foundation Womenpreneur Program 2024 | N500,000 Grant

• Cascador Accelerator 2024 For African Entrepreneurs (Training, Mentorship and $5,000 USD For each participant)

• Mama Cash Grant 2024 ( Up to €50,000 per year)

Tony Elumelu Entrepreneurship Program for Women 2024 ($5 Million in Funding)

Applications are open for the Tony Elumelu Entrepreneurship Program for Women 2024 . Here’s how to apply:

The “Women Entrepreneurship for Africa” (WE4A) program is an action jointly supported by the European Union (EU), the Organisation of African, Caribbean and Pacific States (OACPS) and the German Federal Ministry for Economic Cooperation and Development (BMZ) and implemented by the Tony Elumelu Foundation (TEF), and the German Development agency GIZ (E4D program).

Apply here

MTN Foundation Yellopreneur Grant and Loan 2024 for Female Entrepreneurs

The MTN Y’ellopreneur Initiative seeks to contribute to the reduction in women unemployment and advance women development in ‘Entrepreneurship’ through capacity building and access to capital through loans, grants, and advisory support services for long term business sustainability.

The initiative targets Female Entrepreneurs across the country who display passion and commitment to self-employment and run an existing business of two years and above in the areas of; circular economy, manufacturing, processing, agriculture, ICT/digital services, waste management, etc.

Apply Here

LSETF MSME Loan Program (N50,000 – N500,000 per person)

The LSETF Loan Program strives to provide small businesses with inexpensive access to capital so they can grow, expand, create wealth, and employ people.

The lending arrangement, which has an annual interest rate of about 9%, is offered to Lagos State registered business owners.

The Lagos State Employment Trust Fund (LSETF) was formed by the Lagos State Employment Trust Fund Law 2016 to give financial assistance to Lagos State people and to combat unemployment through job and wealth development.

Apply here

Mastercard Foundation Africa Growth Fund For SMEs |USD$200 million Fund

The Mastercard Foundation Africa Growth Fund is a bold initiative—a USD $ 200 million Fund of Funds—that works through African investment funds to support early-stage, growth-oriented small and medium-sized enterprises (SMEs) on the continent.

The Mastercard Foundation Africa Growth Fund’s goal is to provide dignified and fulfilling work for young people, particularly young women.

The Fund of Funds is catalytic, helping to bring in additional capital for African entrepreneurs, particularly female entrepreneurs. It strengthens and de-risks African investment funds committed to advancing gender equity in entrepreneurship.

Apply here

Cascador Accelerator 2024 For African Entrepreneurs (Training, Mentorship and $5,000 USD For each participant)

Cascador, a ground-breaking accelerator program helping mid-stage African entrepreneurs grow their businesses and improve their leadership skills, has announced program details and the opening of 2024 applications.

The launch of the 2024 application cycle is accompanied by a new round of testimonials from past participants and glowing updates on the progress of their companies.

Apply Here

Mama Cash Grant 2024 ( Up to €50,000 per year)

Mama Cash backs ambitious self-led feminist organizations and activities that defend and enhance the rights of women, girls, and transgender and intersex individuals.

The Resilience Fund offers fundamental, flexible, long-term support for up to ten years. This allows grantee partners to strategy, plan, and execute the work they want to undertake, in the way they want to do it, over time, in order to build, strengthen, and sustain their feminist movements.