Nowadays, so many people are wondering how to get all kinds of grants in Nigeria. A huge number of her citizens will like to know how to raise funds for their NGOs, small businesses, research, scholarships, agricultural business, just to mention. Here wee will be showing you the different kind of grants you can get as well as the steps to take on how to get all kinds of grants in Nigeria.
With the present economic situation in Nigeria, many youths with high dreams and viable business ideas are given up and tailing the line of disruptive social activities such as kidnapping. Many view the future with a blur eye having experienced promised failures from our political class of sweet mouthed tongues.
However, there are a number of organizations who are granting loans and help various categories of people, youths and adults in their numbers. Many are given free or subsidized health care services, agricultural loans, small scale business aid, scholarship for students etc. Accessing these grants is not without certain things you need to know.
Many have complained that these grants are given to people with high profile contacts who got it on connection basis. I made bold to tell you that it is not totally true. Based on my experience, I have discovered that certain things were not put in place to access these grants.
Different types of Grants
Below are different kinds of grants you can easily get in Nigeria:
Government Grant: The three tiers of government in one way or the other give grants to various categories of people. Many are geared towards alleviating poverty. To achieve this, many specialized banks are established such as Bank of Industry, Bank of Agriculture, Microfinance Bank etc.
Partnership Grants: Some private individuals or corporate organizations partner with government to give grants to the people. Sometimes, government pays the interest while beneficiaries pay back in installments.
Bank/Financial Institution Grant: This is what many are familiar with where collateral are requested before such grants are given. Commercial banks, microfinance and other financial institutions engage majorly in this.
Educational Grant: This is majorly for students in one capacity or another. Both government and private individuals/organisations give this grant in diverse capacities in form of scholarships and research grants. Some schools, NGOs and international organizations also engage in this type grants.
Health Aids: Some organizations give free health consultations as a form of grant. Due to the poverty levy of Nigeria, many international organizations are giving grants to help reduce certain level of diseases. There are grants for people living with HIV/AIDS, Tuberculosis etc.
Steps on How to get all kinds of Grants in Nigeria
How then can I access this great help even when I don’t know anybody? Its simple, see how to get grants in Nigeria:
- Get Information: So many sit at home wondering when their dream would come to pass. Many with great business ideas, wonderful books for publication, and dreams to be graduates are losing them to time because they don’t have the capacity to launch such ideas to materialization whereas there are people and organizations waiting to identify such ideas and help them out. Someone once said that if you are not informed you will be deformed. Seek information about the kind grant you want and you will find out it is meant for you.
- Have Specific Need: Every grant is tailored towards certain targeted people. If you just want any grant, it will be difficult for you to get any one at all. Ensure you have specific thing you need it for. For instance, if what you want the grant for is to further your education, don’t go and seek grant from an agricultural organization.
- Have a viable business plan: If your grant is for business purpose, ensure you have a workable business plan. Don’t be ambiguous in your plan. If you don’t know how to write one, engage a professional. Remember, thousands of people are applying just like you. These grant givers want to be sure their fund would be judiciously used.
- Understand the Procedure: This is a very crucial aspect if you want to have access to these grants. Each organistion have procedures laid down for you to follow. For instance, Central Bank of Nigeria is presently granting soft loan to agricultural organizations and individuals but no individual can access it. You can only access it through a cooperative society. If you apply on an individual basis, you are definitely going to be frustrated. Some scholarship schemes are meant for 200 Level students; anyone who discover it when he/she is at 300 level will definitely not be granted. There are other procedures that may be stated, follow it and fill dutifully.
- Have a Bank Account: In the present Nigeria of cashless policy of the Central Bank of Nigeria, don’t let this be one thing that will disqualify you to access a grant. Many organizations that give grants will either give cheques or do interbank transfer. Many don’t give cash again. There are banks that now operate zero naira balance. Ensure you have a bank account.
- Have a valid means of identification: This is also very important in Nigeria as the issue of impersonation abounds. I witnessed a case like that where the name the lady was used was later discovered not to be her own but the picture was hers. Many grant givers now prefer biometric registered IDs such as national identity card, Voter’s Card, International Passport and Drivers’ License. They may cost you a fortune, but it is better you are well prepared so that you will not be frustrated.
- Be Honest as Much as Possible: Don’t be too desperate to get loan to the extent of losing your integrity. I was present at an interview for a youth grant one day and the lady was asked her date of birth. Obviously caught unaware, she gave a different birthday from what she wrote in her form. You can imagine her fate that day.
- The Issue of Guarantor: Some organizations will ask for guarantor especially if it is a loan. Since there will be no collateral for you to get the loans, you must prepare for at least two guarantors who are of good standing. Such may include a clergy, lawyer, a civil servant of certain grade level, etc.
If you can do these, you are on your way to getting that grant.
If you have any questions or contributions on this, please let us know via the comment section.
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