How To Get Small Business Grants In Nigeria
In effort to assist small and medium scale entrepreneurs (SME) to grow, Government sometimes provide grants in various forms. These funds can be accessed by those who meet certain criteria as stipulated by the government or the agencies involved.
How can you have access to these federal grants to help you start your business? Also, how can you get them to push your existing business to the next level? Here, I want to point out few things you must do to be able to access federal grants.
1. Prepare A Plan – You must have a robust plan (what some people called bankable plan) in place. Without proper business plan, there is no way you would be able to convince anybody about your business idea let alone government. Your plan represent your preparedness towards the business – the more robust your plan is, the more serious investors and grantors will take you.
2. Belong To A Co-operative – Most times, those funds are being disbursed through various cooperatives. If you don’t belong to any, you may find yourselves outside the scheme of things. There are various cooperative societies for Farmers, Traders, Manufactures, etc… Find the one that is most suited to your need and join. Make sure to be active member and always be in the know.
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