Home News Facebook is Giving Out N500m Grant to SMEs in Nigeria, Here is How to Apply
News - News around Africa - August 25, 2020

Facebook is Giving Out N500m Grant to SMEs in Nigeria, Here is How to Apply

Tech giant, Facebook has launched its coronavirus relief loan programme for small businesses in Nigeria and ₦500 million grant is up for grabs.

The company said 781 small businesses in the country will benefit from the $100 million Global Grants Programme.

The grant is aimed to empower and give a lifeline to local entrepreneurs who have suffered the most from the pandemic.

Facebook added that it developed the program to help strengthen the workforce of small businesses, help with their rent and operational costs.

Who can apply?

  • A business owner who has between 2 and 50 employees.
  • The business must be over a year old.
  • The business must be located or near a location where Facebook operates. This means if your business is based in Nigeria you qualify.

ALSO READ: How Facebook Plans to Break Youtube’s Domination of Video Streaming

What you need to apply

  • The latest annual return of your business
  • Your company registration or business license
  • Partnership Agreements and the company’s 2019 financial statement

How to Apply

Facebook partnered with Deloitte Ireland LLP and Quest Computing Ltd for the application process in Nigeria.

The application opened for small businesses in selected regions in Nigeria on August 24, 2020 – North East (Adamawa, Bauchi), North West (Kaduna, Kano) and South East (Abia, Anambra).

The application will be available on August 26, 2020 for the South West (Lagos, Ogun, Oyo), South-South (Edo, Delta, Rivers) and North Central (Abuja, Kwara, Kogi) regions.

Click here to apply and here to check if you are eligible to apply.

However, there is a high level of applications in Nigeria, according to Facebook. So if the application link above does not work, give it time and try again later.

Share

Leave a Reply