Nigeria Support Grants That Will Boost Your Business in 2021/2022 – In today’s article, we will be discussing the best 5 Nigeria support grants that will boost your business in 2021/2022. Keep reading

Nigeria Support GrantsThat Will Boost Your Bsuiness in 2021/2022


Most Businesses in Nigeria tend to close down due to high competition or lack of funds or capital to start up or continue. However, as the price of commodities is becoming high, most businesses in Nigeria find it difficult to continue.

Furthermore, a lot has already happened in 2021, with various ways the federal government has used different support grants to help promote individuals businesses and other household support. Read also How to Apply for MTN ICT And Business Skills Training | 2021

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As plenty Nigerians have benefited from the support grants scheme, many are yet to benefit from the federal government support grants so that is why brotherbros has created this post to inform others on the possibly step taken in the 2022 year for any of the available government support grants.

Nigeria Support Grants That Will Boost Your Business in 2021/2022

The current Nigeria support grants that you can also take advantage are as follows:

   1)  The 100 for 100 PPP – is a new initiative by the Central Bank of Nigeria (CBN),       designed to create the flow of finance and investments to enterprises with the potential to kick start a sustainable economic growth trajectory, accelerate structural transformation, promote diversification, and improve productivity. It is a support to private sector companies with the aim of reducing certain imports, increasing non-oil exports, and improving the FX generating capacity of the economy. Apply here Call For Application – CBN 100 For 100

2) TIES which means Tertiary Institutions Entrepreneurship Scheme, is a new CBN loan for Nigerian graduates and undergraduates as an effort to curb the high rate of the unemployment situation in Nigeria.  Apply For CBN Undergraduate, Graduate TIESGrant

3) NMFB Non-interest loan – The credit facilities under the Non-interest Banking Window of the Targeted Credit Facility (TCF) are to support businesses that have been affected by the COVID-19 pandemic with business equipment instead of cash. Apply NIRSAL Microfinance Bank Non-Interest Loan Portal Goes Live

4) The Anchor Borrowers’ Programme (ABP) – The Central Bank of Nigeria (CBN), in line with its developmental functions as enshrined in Section 31 of the CBN Act 2007, established the Anchor Borrowers’ Programme (ABP) to create economic linkages between smallholder farmers (SHFs) and reputable companies (anchors) involved in the production and processing of key agricultural commodities. 

The core of the Programme is to provide loans (in-kind and cash) to smallholder farmers to boost agricultural production, create jobs, reduce food import bills towards conservation of the foreign reserve. Visit CBN website https://cbn.gov.ng for more information regarding ABP.

5) The National Youth Investment Fund (NYIF) – Nigerian Youth Investment Fund (NYIF) was set up as an initiative of the Federal Ministry of Youth and Sports Development (FMYSD) and funded by the Central Bank of Nigeria (CBN) to invest in youth ideas to build sustainable businesses that can activate enterprise and increase job opportunities in Nigeria. Details here NYIF Loan Application Portal Is Live Again – Apply Now

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