As Nigeria's economy continues to evolve amid challenges like inflation and limited access to traditional loans, non-repayable business grants remain a vital lifeline for entrepreneurs, startups, and small enterprises. In 2026, a range of federal, private, foundation-led, and sector-specific funding options are open or anticipated, targeting innovation, job creation, and sustainable growth across various industries.
These grants often come with training, mentorship, and networking perks, making them highly competitive yet transformative. Below is a curated overview of prominent opportunities highlighted in recent reports, along with essential application details.
Tony Elumelu Foundation (TEF) Entrepreneurship Programme 2026
Africa's leading philanthropy-driven initiative offers US$5,000 (non-refundable seed capital) to selected entrepreneurs, plus intensive business training, mentorship, and access to a vast network. Open to founders from all 54 African countries, including Nigeria, with no sector restrictions but emphasis on scalable, innovative ideas. Applications opened January 1, 2026, and close March 1, 2026. Apply exclusively online via www.TEFConnect.com. The programme has empowered thousands of African businesses since inception, focusing on bold founders who can drive economic impact.
SMEDAN Conditional Grant Scheme (CGS) for Micro Enterprises
Managed by the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), this government scheme provides conditional grants to nano and micro businesses for workforce support, equipment procurement, and growth. Targeted at local government area-level enterprises, it supports operational expansion under specific conditions. Eligibility typically requires registration with SMEDAN or CAC and demonstration of viability. Applications are handled through SMEDAN portals or designated channels check smedan.gov.ng for ongoing windows and requirements.
Bank of Industry (BOI) Intervention Funds and Related Supports
While primarily known for loans, BOI administers federal intervention programmes that include grant-like elements or low-interest facilities for MSMEs and manufacturers. The FGN/BOI MSME Intervention Portal offers funding up to ₦50 million in some cases to reduce production costs and create jobs. Access via fgnboimsmeinterventionloan.boi.ng. Focus areas include manufacturing, agriculture, and creative industries. Applicants need business plans, registration documents, and proof of operations.
GrowthGia Business Grant II
This grant awards ₦1,000,000 to entrepreneurs building sustainable and scalable businesses in Nigeria. It targets early-stage ventures with strong potential for impact and growth. Deadlines vary (recent calls closed in late 2025, with new cycles expected), and applications are submitted through designated platforms like drpcngr.org or partner sites.
Other Notable Options
- GroFin Fund: Provides equity and debt-like support for SMEs in Africa, including Nigeria, with a focus on growth-stage businesses.
- Sector-Focused/International Grants: Opportunities from foundations, NGOs, and international partners often target women entrepreneurs, agribusiness, e-commerce, or climate-related ventures.
- FATE Foundation Small Business Grants: Periodic awards for graduates of their programmes, offering ₦500,000 to ₦1,000,000 in past cycles.
General Tips for Applying Successfully
Grant providers prioritize clear business plans, evidence of traction, impact potential, and strong documentation (CAC registration, tax clearance, bank statements). Common requirements include:
- A compelling pitch or proposal demonstrating innovation and sustainability.
- Proof of Nigerian residency or business operation.
- Completion of any required training or assessments.
Avoid scams by using only official websites and never paying application fees. Deadlines are strict—monitor portals like SMEDAN, BOI, TEFConnect, and fundsforNGOs for updates. Prepare early, tailor applications to each grant's criteria, and seek mentorship if available.
These grants represent real pathways to scale businesses without debt burdens, especially in a tough funding environment. Entrepreneurs are encouraged to apply promptly as competition intensifies.
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