Federal Government Grants 2023 Check Application Portal Update

Filed in Articles by on May 17, 2023

Advertisements

A federal government grant is a financial reward given by the federal government and is not to be repaid. Get an update about the federal government grants 2023 portal while you keep reading.

Lists of Federal Government Grants for Agricultural Business

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

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:

Advertisements

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

The application for a grant is really competitive; there are specialists who consider and check through 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.

READ ALSO:

List of Federal Government Grants for Agricultural Business

1. Central Bank of Nigeria (CBN) Agricultural Program

This is a government program that provides loans to farmers. The bank has laid out N75 billion for this program.

2. 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.

3. Cooperative Societies Grants

As a farmer, you can join cooperative societies such as the 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.

Support by the Federal Government is very essential 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.

CSN Team.

Advertisements

Comments (1)

Trackback URL | Comments RSS Feed

  1. okafor chinyere says:

    Am glad, notify me

Hey Hi

Don't miss this opportunity

Enter Your Details