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APPLY: Facebook launches ₦500m grant for 700 SMBs in Nigeria

Facebook hopeful broadband penetration in Nigeria will aid employment by 7.8%

Facebook has just announced a ₦500m grant to support 781 small businesses in Nigeria, as part its $100m Global Grants Programme announced earlier this year.

The programme aims to support 30,000 SMBs in over 30 countries. Aimed at stimulating economic recovery following the effects of COVID-19, this will help empower and extend a lifeline to local small business owners who have been most affected.

It will be provided as a combination of cash and ad credits to help small businesses as they rebuild, re-engineer and recover operations during this challenging year. Available to qualifying SMBs in Nigeria, applications will be open from 24th August 2020 for the North EastNorth West and South East regions and 26th August 2020 for the South WestSouth-South and North Central regions.

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SMBs can check HERE to see whether they’re eligible as well as apply and find out more details about the programme. 

“We know small businesses are the engine of the Nigerian economy, the COVID-19 pandemic has extended beyond a public health crisis to an economic emergency, with these small businesses most affected. We’re listening to the challenges these small business owners are facing right now and want to provide useful resources for them during this difficult and uncertain year” said the Regional Director, Facebook Africa, Nunu Ntshingila. 

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Recognising that SMBs need training, digitalisation assistance and improved social connection infrastructure as consumer behaviour shifts online, Facebook has also rolled out virtual versions of its in-person training – Boost with Facebook across Nigeria.

These free webinars and online resources cover a range of topics from how to take your business online, build resilience, stay connected with customers and adapt in real time.

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Source: techeconomy

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