Federal Government Grants 2021/2022 Check Application Portal Update : Current School News

Federal Government Grants 2021/2022 Check Application Portal Update

Filed in Articles by on February 6, 2021



Federal Government Grants 2021/2022 Check Application Portal Update.

Federal Government Grants in Nigeria 2021 – A federal government grant is a financial award given by the federal government and is not to be repaid.

These grants are given to help execute projects and ideas, it is considered as a support for people starting new businesses. It plays an important role in the development of the society’s economy.

Federal Government Grants in Nigeria

Federal Government Grants for Business

Any individual between the ages of 18-65 with a good business plan can refer to the Central Bank of Nigeria (CBN) to receive federal grants for business.

This federal grant program has $10 billion for business grants. The aim of this program is to:

  1. Support Nigerians who want to start their own business.
  2. To encourage graduates to become employees.
  3. To create monetary help for Nigerians with fewer risks.

The application for a grant is very competitive; there are specialists who consider and access the business concepts. You have to pass the selection stage in order to receive the grant.

An area where you can get government grants is agriculture. Federal Government has given much attention to the agricultural sector in terms of grants.

List of Federal Government Grants for Agricultural Business

Lists of Federal Government Grants for Agricultural Business

  • Central Bank of Nigeria (CBN) Agricultural Program

This is a government program that provides loans to farmers. The bank has laid out N75billion for this program.

  • Bank of Agriculture Program

This collaborates with the Federal Ministry of Agriculture and the Federal Ministry of Finance to generate the best options for grants and loans.

  • Cooperative Societies Grants

As a farmer, you can join cooperative societies such as All Farmers Association of Nigeria (AFAN), Youth Empowerment in the Agricultural Program (YEAP) or Fadama, where they have the ability to gain support and beneficial grants.

The support by the Federal Government is very important especially when it comes to economic instability. You can also find other grants not necessarily given by the Federal Government to start up your business.

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    1. okafor chinyere says:

      Am glad, notify me

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