FG, Tiimafrica to provide $5,000 one-time grant to young business owners

The Federal Ministry of Youths and Sports, in partnership with Tiimafrica, has organized a one-time grant of $5,000 to Nigerians between the ages of 25 and 35, who run businesses and have 6 months financial records.

This disclosure was made by the Federal Ministry of Youth and Sports, in a tweet via its official Twitter handle.

The tweet reads:

‚ÄúNeed to scale up your business?¬†Tiimafrica¬†in partnership with the Federal Ministry of Youth and Sports is giving out $5000 to young Nigerians between the ages of 25-35, who run a business and have 6 months financial records.¬†Visit¬†http://noya.ng¬†or¬†http://youthandsport.gov.ng¬†to register¬†#DEEL.‚ÄĚ

Why this matters

The grant is an initiative under the Project Grow 100, set up by the Federal Government through a partnership between the Federal Ministry of Youth and Sports and Tiimafrica to help small business owners access the much-needed funds required to take their businesses to the next level.

The initiative is expected to yield both direct and indirect gains to the economy and strengthen the resilience of young Nigerian business owners through the provision of funds to innovative and creative young entrepreneurs in the country.

What you should know

The Federal Ministry of Youth and Sports and Tiimafrica outlined that those who would be considered for the one-time grant must meet the minimum requirement below:

Applicants must be between 25 and 35 years old.
Eligible applicants must be Nigerian.
You must have been running a business within Nigeria.
Your business must financial records of at least 6 months.

5 thoughts on “FG, Tiimafrica to provide $5,000 one-time grant to young business owners

  1. Akinpelumi Shola Gbadega says:

    Thanks for this opportunity but we applicants don’t know what is going on, we are not be communicating through the promise channels in order to know the next step or who are the beneficiary of Project Grow 100, please we believe in your transparency.
    God Bless Federal Republic of Nigeria
    God Bless FMYSD
    God Bless Tiimafrica

    • Jabez Bawa says:

      That’s the question we have been asking. For the past four months no communication nothing. This is Nigeria my country!

  2. Akinpelumi Shola Gabrega says:

    Our able Minister more strength to your elbow, Thank you for transforming the youth programm, May God continue to bless you and your children children will continue to excel in every of thier endeavours.

  3. Jabez Bawa says:

    Since we applied when the portal was opened for the second time nothing has been said about the grant. Will it take a century before decision will be taken, or it was just a gimmick?

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