DO YOU NEED HELP TO FINANCE YOUR BUSINESS? APPLY FOR N7 MILLION NAIRA BUSINESS GRANT FROM BIG PORTAL TODAY………….REGISTRATION FOR 2016 CLOSES DECEMBER 15TH

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Apply for 7 Million Naira Grant for your Business by GemProject. Closes by 15th of December, 2016.

If you are looking for grants, free training, and consultancy services, this opportunity is for you.
The bad news is that this opportunity is for existing businesses.

The World Bank, Growth and Employment in States (GEMS) in collaboration with the Federal Government would give you aforementioned for free if you are qualified.

About 100,000 to benefit but only about 13,000 have applied.

Encourage your business friends to apply. It is free.

Visit:  https://bigportal.org.ng/ to apply.

I have also posted a comprehensive guide on this. Check down this site. You will find it there.

Take this opportunity NOW to access services to grow your business.

Log on to www.bigportal.org.ng today and register your business.

Free training, consultancy services, and a chance to receive grants await you.

Register NOW!

This is an initiative of the Federal Ministry of Industry, Trade and Investment (FMITI), and is supported by the World Bank.

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Check Your Eligibility

CITIZENSHIP

You must be a Citizen of Nigeria and at least 18 years old as at time of application (proof of identity will be required: International Passport/ Driver’s License/ National ID card/ Voter’s card)

BUSINESS LOCATION

You must be operating within the national borders of Nigeria
You must choose one geo-political zone that is strategic to your business, where you will be receiving BIG Business Services

BUSINESS OPERATIONS

You must be operating in any of the following sectors; Information Communication Technology, Light Manufacturing (Agri-Business and Industrial Processing), Hospitality and Tourism, Construction and Real Estate or activities related to one of these Sectors.

BUSINESS REGULATIONS

Your business must not entail the production or distribution of weapons, alcoholic beverages, tobacco or/and gambling, or business activities in contradiction with the Nigerian Constitution.

You must have less than 100 full-time employees

Are you the owner of this business and eligible? Apply Now!

See more at: http://bigportal.org.ng/big-services/#sthash.hEQzy7HP.dpuf

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Frequently Asked Questions

Q: Who will GEM fund to provide the initiatives listed above?

Both public and private sector organisations will be funded although greater emphasis will be placed on funding private sector initiatives.

Q: Who will be eligible to access the funds?

Only businesses with appropriate company registration will be eligible to access funds. Individuals will not be funded.

Q: What are the criteria for accessing the funds?

Criteria for accessing the funds will be published when the applications process opens.

Q: How will the GEM project be delivered?

A Project Implementation Unit (PIU) has been set up and is fully functional at the Ministry of Industry Trade and Investment at the Old Federal Secretariat Secretariat in Abuja. The PIU will work with sector specialists, private contractors and sector stakeholders to deliver the interventions.

Q: What methodology will the GEM Project Use?

The GEM project will be implemented through the Cluster Development approach. A business cluster is a geographic concentration of related businesses, suppliers, and associated institutions in a particular field. The cluster approach is used to promote economic development by improving the competitiveness of one or several specific business sectors within the cluster. The approach is delivered by comprehensively assessing a cluster’s markets, products, linkages, externalities, and synergies in order to identify regulatory and business constraints with a view to designing and implementing initiatives that address the challenges, tap new and wider market opportunities, and develop sound business strategies to tackle the clusters’ main competitors.

Q: What is GEM?

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
  • Provide economic diversification

Q: How can my company access funds?

Companies will access funds through an application process that will require applicants to provide details of their company and the proposal they want funded.

Q: Why will the project decide what to fund? Why can’t we decide what we want?

The project will not unilaterally determine what to fund. As part of the exercise, an Industry Cluster Group comprising stakeholders in each sector will be formed to provide input into project areas of focus.

Q: What is the GEM project trying to achieve?

The GEM project aims to:

  •  Improve investment climate
  • Increase competitiveness of strategic clusters
  • Sustainably increase number of jobs
  • Provide economic diversification

Q: How will the GEM Project Support the selected sectors?

The GEM project will support the selected sectors through two broad classes of inputs as follows:

  • Technical Assistance to finance common / public goods’ like training programs and easing access to information, equipment etc. In summary this strand will fund items that will offer industry – wide benefit. The implementation of activities under this strand has commenced. A key activity under this area is through Business Development Support (BDS) by BDS providers across Nigeria funded by the project. You can register for BDS support by logging on to http://www.bdmpnigeria.org.
  • Grants and support to firms for firm level innovation e.g. new business models, new ways of working, new products etc. in summary, this strand will fund items that offer firm level benefit. These will be implemented through an open grant platform in line with articulated criteria.

The implementation of activities under this strand will commence in Q4 2015 and will have 2 or 3 grant windows each year, which will be widely publicised through sector networks and the media.

Q: What Sectors Will the GEM Project Focus on?

This phase of the project is working in the Construction, Information / Communication Technology (ICT), Entertainment, Hospitality/Tourism and Light Manufacturing sectors. An earlier strand of the project (financed by the UK Department for International Development DFID) focused on meat and leather, wholesale and retail, business environment and the construction and real estate sectors.

Q: What is the duration of the GEM Project?

The project became effective on 29 July 2013 with an extended closing date of September 2018.

Q: When can we access the funds?

Applications for funding is open now!

 

PUBLIC NOTICE

This is to notify the general public that all services available on the BIG Platform are FREE of charge. There is no payment required whatsoever to benefit from these services; from registration through technical assistance to grants. Please DO NOT make payments and report to appropriate authorities anyone requesting money