Entertainment

Will Your Business Be Part Of Those Getting Between $10,000 to $250,000 Grants From GEM?

Published

6 years ago

January 10, 2018

The World Bank and the United Kingdom’s Department for International Development (DFID) in conjunction with the Federal Ministry of Trade and Investment (FMTI) in Nigeria created a $160 million dollars grant (from world bank) and £90 million pounds grant (from DFID) in 2013 to be disbursed to businesses in Nigeria through a program called Growth and Employment (GEM) to enable startups experience real growth and provide employment in the country.

These grants are expected to help accelerate economic diversification, increase overall competitiveness, promote investment, and sustainably increase the number of direct jobs for Nigerians by at least 100,000.

The grant is available only to businesses operating in the five industries below:

Construction
Entertainment
Hospitality & Tourism
Information Communication Technology
Manufacturing

If your business does not fall into any of the categories above, you may not be able to apply for a grant.

While this program was founded on the 29th of July, 2013, it will end in September 2018. So to ensure you are one of the registered businesses to benefit from it before it closes, click here to visit the website and learn more.

If you have issues registering, the steps for registration are listed below:

Click on the APPLY button
Fill the basic registration form
Check your email and click/copy and paste the activation link
Change your password and login
Fill the online Technical Assistance application form
Save and submit once completed.
Finally, check your email for confirmation

What Is The Criteria To Be Eligible To Apply For The GEM Grant?

Be a Nigerian 18 years and older
Operate a registered firm in Nigeria
Operate in one of the five GEM supported clusters
Employee less than 100 employees
Apply Online

How Much Grant Can You Get From GEM?

Depending on the category you fall into, the grant sum ranges from $10,000 to $250,000 per business. You can visit this link to learn more about the grants.

What Is The GEM Selection Process?

The winners of the grants are selected through a professional selection process, where Price Waterhouse Cooper (PWC) is the grant administrator and KPMG is the monitoring and control body for the GEM project.

You can learn more about the GEM project by visiting the Business Innovation Growth (BIG) portal which is where the online application for the grant happens.