Almost everyone starting a new business venture is looking for money to get started. In Nigeria, one of the easiest and cheapest ways to get funds for your business is by applying for small business grants. But unfortunately, there aren’t actually that many Nigerian federal or provincial government grants available for small businesses.<\/p>\n
Unlike business loans<\/a>, grants don\u2019t need to be repaid, so there\u2019s no worry over term length, interest rates, APR, or refinancing. You just need to qualify, and boom\u2014free money. In this post we shared tips about top small business grants in Nigeria organised by government agencies and private individuals.<\/p>\n The Tony Elumelu Entrepreneurship Programme (TEEP)<\/a> is a yearly programme launched by one of Nigeria’s business tycoon Mr. Tony Elumelu via Tony Elumelu Foundation (TEF). The program launched in 2015 is aimed at providing 10,000 USD seed funding for entrepreneurs across Africa. Every year, the programme selects 1,000 entrepreneurs across Africa from a pull of over 50,000 applicants.<\/p>\n Every year, the programme selects 1,000 entrepreneurs across Africa from a pull of over 50,000 applicants. Each application is carefully reviewed by business experts in the industry and winners are selected based on market feasibility, clear financial models and a capable team to run the business. Each program cycle begins with an application process<\/a> opened from January 1st until March 1st.<\/p>\n To be eligible:<\/strong><\/p>\n1. Tony Elumelu Entrepreneurship Programme (TEEP)<\/h2>\n
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