Facebook Small Business Grants Programme to support businesses suffering as a result of the COVID-19 pandemic has launched in Nigeria. According to the company, 781 small businesses in Nigeria will benefit from a ₦500m grant as part of its $100m Global Grants Programme.
The program which started earlier this year aims to support 30,000 Small and Medium Scale Business (SMBs) in over 30 countries including Nigeria.
According to Facebook, the grant is aimed at stimulating economic recovery following the effects of COVID-19, noting that it would help empower and extend a lifeline to local small business owners who have been most affected.
There are several requirements that must be met to be eligible to benefit from the Facebook grant. The first is that you must have between 2 and 50 employees.
Secondly, the business must be over a year old. So you must have established the company before the COVID-19 pandemic broke out. Also, you must have experienced significant challenges due to the pandemic.
Consequently, your business must be in or near a location where Facebook operates. So if your business is based in Nigeria you qualify.
If you meet the above requirements you will need the following documents when applying; the latest annual return of your business, your business registration or business license, Partnership Agreements and your 2019 financial statements.
How to Apply
For the application process in Nigeria, Facebook has partnered with Deloitte Ireland LLP and Quest Computing Ltd who will be administering the application process.
The application will be available to qualified SMBs in Nigeria, from 24th August 2020 for the North East (Adamawa, Bauchi), North West (Kaduna, Kano) and South East (Abia, Anambra) regions and 26th August 2020 for the South West(Lagos, Ogun, Oyo), South-South (Edo, Delta, Rivers) and North Central (Abuja, Kwara, Kogi) regions.