FG, WORLD BANK LAUNCHES THE $160M DOLLARS GEM PROJECT, GRANTS EXCLUSIVELY FOR SMES

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The Growth and Employment Project GEM, is a project set up through 160 million US Dollars financing received from the World Bank by the Federal Government of Nigeria to Improve investment climate, Increase competitiveness of strategic clusters, Sustainably increase number of jobs, and Provide economic diversification. GEM project is implemented by the Federal Ministry of Industry, Trade and Investment (FMITI)

The Business Innovation and Growth (BIG) platform is an interactive transaction-enabled web portal, which serves as the primary means of interaction between the GEM project and potential beneficiaries. The objective of the BIG Platform is to provide an easy-to-use and interactive platform for participating firms to access the following services, for FREE

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The process of applying for the BIG project are:

Check your eligibility: Ensure that your business satisfy all the BIG eligibility criteria.

Apply online and receive an automatic response: The response will be an email. This email will provide you with a username and password for you to sign-up and register your business.

Web-based Questionnaire: Sign-in with your username and password to provide required information in the registration form. This will take less than 10 minutes of your time.

Successful applicants notified: Your application will be evaluated by the project team. All successfully registered businesses will be invited to attend an induction workshop within your location.

Attend Induction Workshop: The BIG team will: Provide an overview of the programme; Conduct verification of Identity; Undertake needs assessment of businesses; Provide an overview of the BIG Services.

Access BIG Services: Successful applicants will have access to a wide range of BIG Services including; Consulting, Training and Grants.

GEM will be funding both public and private sector organisations, although greater emphasis will be placed on funding private sector initiatives. Only businesses with appropriate company registration will be eligible to access funds, Individuals will not be funded. Companies will access funds through an application process that will require applicants to provide details of their company and the proposal they want funded.

To apply for BIG, click HERE!!!