Endowment earmarks N12.5 million grants for SMEs

In a bid to support the growth of Nigeria’s GDP amid difficult business environment, the Grooming Endowment Trust has said it will grant 15 micro, small and medium enterprises N12.5m for business growth.

A statement, the organisation said this would kick-start the second edition of its MSME grant programme.
It added that through the provision of financial support and essential skills, the programme aimed to assist beneficiaries in navigating the country’s business environment and achieving scalable growth.

The Operations Manager, GET, Michael Adoghe, said, “This year’s edition will provide consulting and advisory services to the selected 15 businesses in addition to the business workshop they will undergo.
“The Trusts’ commitment to empowering start-ups in Nigeria, bringing their ideas to life, aid in reducing the twin problem of youth unemployment and the rise in youth social vices engagement, has been key drivers of the initiative.

“MSMEs with innovative ideas, willing to scale up and expand their operations are therefore encouraged to apply on the Grooming Endowment Trust website.”

He added that the programme, which had commenced, would receive applications for the programme for two weeks.

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