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List Of Federal Government Agriculture Grants

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List of Federal Government Grants

Because humans eat virtually every day, hence food ingestion is one of our basic needs for survival. And having it at the reach of everyone is the concern of agriculturists and the government as well. Consequently, the Federal government, being aware of the fact that agriculture is very essential among other sectors of our economy, has consented to impart gratuitously to agriculture by venturing into the Federal Government Agriculture Grants; giving credits both to farmers and agribusinesses. Let’s look at the various Federal Government Agriculture Grants and how to apply for one.

Federal Government Agriculture Grant (Definition):

The Federal Government Agriculture Grants are schemes of valuables and money (loans) given to basically practicing agriculturists and agricultural societies. It is one of the various government grants available to businesses; both private and cooperate organizations, in Nigeria.

To be a benefactor of these grants, there are processes one needs to pass through. Although, the agricultural grant bodies are considerate, yet it’s not quite easy to secure a grant from them.

List of Federal Government Agriculture Grant:

The Federal Government and Ministry of Finance have predefined legitimate bodies whereby they provide agricultural grants to the public. Here are they:

  1. Central Bank of Nigeria (CBN) agricultural grants.
  2. Bank of Agriculture.
  3. Commercial Bank Loans
  4. Agricultural Co-operative Societies.

1. Central Bank of Nigeria (CBN) Agricultural Grant:

The Central Bank of Nigeria gives various grants to a variety of businesses in which agriculture is among them. Furthermore, the CBN ensures a favorable grant with infinitesimal interest rates to farmers in Nigeria.

Nevertheless, there are schemes of the Federal Government agriculture grant under the Central Bank of Nigeria. They are:

  • The Commercial Agricultural Credit Scheme: The body is popularly known as ‘CACS’ for short. It covers those participating majorly on export crops, food crops, animal husbandry, crop processing, and saving, alongside the agriculturists that deal on farm equipment and chemicals.
  • Other schemes on this project include the Agricultural Credit Guarantee Scheme Fund (ACGSF) and the agricultural credit support scheme (ACSS).

2. Bank of Agriculture (BOA):

The Ministry of Finance and Central Bank of Nigeria (CBN) control this institute, while the Federal Government presides over them. Also, the Bank of Agriculture gives credit (loans) to the masses with a scrupulous agricultural agenda. To apply for a loan from the Bank of Agriculture, you must meet the following requirements:

  • A prove of collateral
  • A minimum of six months in operating a bank account with the bank.
  • Deposit 20% of the required loan amount into the account.
  • Present your entire business goals (plan)

Furthermore, the Bank of Agriculture has categories of loan assured for the public, and they are:

  • Small and Medium-sized Enterprise (SME) application loan.
  • The Micro Credit Grant
  • Ascend and Get More (aka Grow and Earn More)

3. Commercial Bank Loans:

The Federal Government, alongside the Bank of Agriculture and industrial banks, have in one way or the other worked hand in hand with various commercial banks to aid loan acquisition by farmers. To this effect, farmers can as well apply for loans in commercial banks like UBA, Zenith Bank, GT Bank, FCMB, and First Bank for agricultural loans. The steps involved are:

  • Visit any commercial bank around you.
  • Have an active account with the bank. Create one with them if you don’t have any.
  • Write to them about your interest to get a loan.
  • Ensure you have at least 10% of the money you are requesting.
  • Provide evidence of collateral and then submit the business plan.

4. Agricultural Co-operative Societies:

The Federal Government distributes various grants to co-operative societies. In the same way, agricultural societies have the inalienable right to do so as well. The societies share these grants accordingly to their members.

Some agricultural cooperative societies are the Cocoa Association of Nigeria, Agricultural Graduates Association of Nigeria (AGAN), Farm Management Association of Nigeria (FAMAN), and the Commercial Agriculture Development Association (CADA).

To apply for a cooperative society’s loan, the group of individuals is meant to:

  • Form a cooperative society and register it.
  • Submit a loan application to the CBN, BOA, or any commercial bank.
  • A member of the cooperative society must sign the letter (application) bearing the name of the society, the logo, goals, and then submit it.

Many farmers that have applied for the Federal Government agriculture grants have experienced the impact and gained some advantages.

Read more about Top agricultural grants for businesses.

How to apply for Federal Government Agriculture Grant:

In other to enjoy the Federal Government agriculture grant, here are easy steps to the application.

  1. Search for available Federal Government agriculture grants online, and their offices around you.
  2. Join agricultural societies or go to any of the banks listed above if you meet the requirements.
  3. Declare your interest by specifying the amount you need, why you need it, how to use it, and the benefits that lie ahead. You can engage the grant proposal scheme for your application.
  4. Check the outcome of your application.
  5. Be very active and transparent in relative matters and news about the Federal government agriculture grants.

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Grant opportunities

Savannah Funds for Tech Startups in Africa

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Technology is progressively gaining predominance in African nations. It is playing a significant role in the transition from being the margin to the mainstream of the global economy.

Africa has recorded a rise in technological innovations, tech innovation hubs, and tech-related ventures. In 2016, venture capital to African Tech Start-ups was pegged at about $608 million to 1$ billion.

Investments are fast rising from Venture Capitalists (VCs), Angel Investors, the government to grow the tech industry. Savannah Funds is one of such funding for the start-ups.

About Savannah Funds

Savannah Funds, based in Nairobi, Kenya is a venture capital fund for early-stage, high growth technology start-ups in Sub-Saharan Africa. Started in 2012, they have made investments in about 20 Africa focused start-ups in countries like; Kenya Uganda, Ghana, Nigeria, Zimbabwe and South Africa. They have helped these start-ups to raise over $13million in seed and venture capital funding and generated over 150 jobs.

Savannah fund is Africa’s leading technology seed fund and accelerator, offering $25,000 to $500, 000 investments in early-stage tech start-ups. Savannah fund says it aims to bridge the early stage or angel and venture capital investment gap that currently exists in Africa by combining capital with mentor networks both in the region and from Silicon Valley via an accelerator program and a follow-on independent seed fund.

Benefits

A key piece of the Fund’s overall strategy is to address the skills and experience gap of entrepreneurs in the region through the Accelerator Program. The accelerator program is designed to help emerging entrepreneurs build a company and launch a product. Early-stage companies participate in “cohorts” and are exposed to a program to learn from experienced local and high value and reputable mentors that have built global technology brands that are also very hands-on as would be expected by angel investors.

They have built a curated curriculum of mentors in an over 2 hours sessions every week for 3 months. This is to enable start-ups see over 12 mentors dedicated over 30+ hours of mentoring across all the start-ups, face to face at the iHub, Kenya. Some of the mentors provide technical assistance and can become partners in the business to help in marketing, selling or to connect with the right customers. They also provide links to specific resources, such as the UX design lab to help improve the design or usability of applications.

The Fund’s Accelerator Program deploys relatively small amounts of capital ($25-30,000 to each company in exchange for 12% equity stake) to a cohort of up to 5 start-ups at a time for 3 months.

As part of the investment, there will be a $2,500 program fee that comes out of the investment to cover expenses incorporation, legal and office space. So, net funding is between $22,500 – 27,500 after expenses.

In addition, if a start-up is strong enough at the end of the program, Savannah funds can fast track application to their partner investor 500Startups Accelerator in Silicon Valley which qualifies for $100,000 investment and US re-incorporation.

Eligibility

Applicants will be chosen through an online application and interview process but successful teams should apply with not just an idea but an initial prototype, early customers and revenue.

You are eligible to apply for Savannah Funds if you:

  1. Have a product in the market with some traction and need more resources and partners to scale your ambitions for the long term and global company.
  2. Lack of the connections, and social proof/validation to talk to tech-focused investors.
  3. Want to partner and learn from other entrepreneurs who have done it before and tap their networks for advice so you don’t repeat the same mistakes others have.

Application

Currently, the application for the program is not announced. The date for the next cohort despite not communicated yet can be gotten from their application portal. Simply follow the link and register for their newsletters to get updates.

To Apply or access their FAQ, click here



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Grant opportunities

Federal government business grants

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federal government small business grants

Contrary to popular misconception, Federal government business grants are not free money to fund personal businesses or personal start-up. However, they do offer federal benefit programs to aid families and individuals in becoming self-sufficient.

But, the inquisitive-you asks, “What exactly are Federal Government Grants?”

  • They are government funds that empower projects and ideas to stimulate and boost the economy.
  • They are grants that support critical initiatives, innovative ideas and research, and other programs listed on CFDA (Catalog of Federal Domestic Assistance).

In other words, organizations and institutions with innovative projects that will benefit a section of the population or the nation, in general, are primary recipients of the Federal Government Business grants.

Therefore, the only way you can become a beneficiary of grants from the Federal Government is when you a part of these organizations or sectors.

So, a few of these grants are listed below

  1. Federal Government Business Grants For Agriculture

This grant funds the agricultural sector in Nigeria. So a farmer registered under this association is automatically a beneficiary of this grant. Furthermore, it also supports small businesses intending to develop scientific entrepreneurship and technology around the federation.

However, to be eligible for this grant, you and your organization must strictly stick to the goals and objectives of this grant.

How to Apply

  • Visit grant.gov to get information on accessible locations for the forms.
  • Fill in the necessary and accurate information required by the Federal authority.
  • Submit and wait for feedback.
  1. National Institutes of Health Grant

NIH is a federal government-owned institution that provides funding to small business owners and companies involved in the research and development of innovative medical technologies.

Eligibility

  • Companies or organizations applying for this federal government business grant should be research-based.
  • Furthermore, they should be innovative commercially.

How to Apply

Visit Grants.gov for a detailed guide on application procedures.

Read Also: 5 Easy Single Moms Small Business Grants

  1. YouWin Connect Nigeria

YouWin is an annual Federal Government initiative to fund innovative business enterprises and ideas with the goal of job creation in mind.  Furthermore, it aims at developing and executing those ideas.

Eligibility

  • You must be a Nigerian between the ages of 18-45 years.
  • You must have a post-secondary education
  • A fully detailed business idea with the ability to function in Nigeria and employ Nigerians must be submitted.

How to Apply

  • Register on the YouWin Official Website to get login details.
  • Submit a fully detailed business plan.
  • In addition, stay glued to your email for updates.
  1. Cybertipline Grant

This Federal Government Business grant focuses on empowering small businesses that provide programs to stop human trafficking and child exploitation. Furthermore, the Department of Homeland Security is responsible for the financial obligations.

How to Apply

Visit the online portal to fill out a survey from the Federal Government.

  1. National Institute of Food and Agriculture (NIFA) Grants.

NIFA is a federal-owned agency under the umbrella of USDA (United States Department of Agriculture). This grants, however, focuses on nonprofit organizations, larger businesses, and leadership that tries to advance agriculture.

Furthermore, the agency disburses federal funds to tackle agriculture-related issues affecting the nation. Also, NIFA spins throughout the year, offering different grants to foster healthy competition in the agricultural sector.

How to Apply

Visit Grants.gov for a detailed guide on application procedures.

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HOW TO ATTRACT INVESTORS TO YOUR BUSINESS [Mastery Guide]

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How to attract investors

It is very important to save money throughout the business development process. Running your business right from startup from your purse will take longer than anticipated. It is highly recommended you know how to attract investors to your business and as well have a well-thought-out plan in place to reduce the time, effort, cost, and energy necessary to be successful.

It is no news that with financial support your business can experience exponential growth and reach its success potential. No man is an island, and no business is one either, so don’t shy away from reaching out to investors to inject the needed cash to boost your business.

The process of searching for an investor is an investment in its own right, but if you rightly apply your efforts in the usage of time, money and energy during your pursuit, you will have a higher chance of reaching your set goals.

Here are various proven ways of attracting investors to your business. Try to peruse with keen interest, comprehend, and apply the knowledge in attracting the investors your business need.

Knowledge of your investors

It is generally believed that what you know, you stand a better chance of attracting. In most cases, you don’t sit down at a place and expect investors to troop to you. Just like the same way you look for your product’s target market, look for your investors. You can take some time researching about the investors. Pay proper attention to the kind of investors you did want. This will help give you ideas for what they’re looking for, which in turn helps you save time and energy.

Knowing them on a personal level is a big up to you. Find investors with beliefs and interests similar to yours. It did be a whole lot easier to connect with them.

Read More: How to Penetrate your market with ease[6 ways]

Meet budget milestones

Investors want to be guaranteed that your business can give them the returns they want. And one of the ways of convincing them is to show what you are capable of. They consider the best businesses to be those with proven customer discovery. You will need a budget to get your first customers and make sure that a match exists between your business and the market. Once you succeed in reaching some milestones, you can move to pitch to investors.

Investors are sure to be attracted to your business because you have shown that you have a track record of delivering. You also need to factor in the cost in terms of expenses and travel as you seek out investors. This is because pitching investors can run into months.

Read More: How to win price way

Lean towards crowdfunding

In answering the question of how to attract investors to your business in recent times, the term crowdfunding is sure to come up. Crowdfunding is a recent form of attracting investors to business and raising capital. Crowdfunding is mainly done online. It involves posting your business idea on a crowdfunding site and letting your potential investors find it on the site. It is a way of announcing what you do to the world.

Crowdfunding can benefit all kinds of entrepreneurs, irrespective of the stage they find themselves. This is due to the fact that it has a global reach to people once there is an internet connection. Depending on how it goes, you might either get all or some of the cash you need. So when next you think of how to attract investors to your business, think crowdfunding.

Familiarize with your pitch

Your ability to attract a certain investor to your business might boil down to your pitch, and you sure have to get it right to attract such investors. At this point, no slip up is expected of you, and you have to take measures so as not to slip up.

You have got to rehearse your pitch to know it very well, know your facts like you know your name, though you don’t have to be robotic. In preparation, you have to anticipate their questions and have answers ready for them.

Be articulate, show some level of calmness, don’t be defensive or aggressive. And be sure to know your numbers so as to make the right decisions on the spot.

Knowledge of your market

As earlier established, most of your efforts should be geared towards convincing investors that your business is worthy of their investment. And you can prove that by showing how well you know your market.

Before pitching, make a thorough research about your target market. Have the numbers right and available to the investors. Let them know how in-demand your product or service is, how well you know your consumers, as well as how to get to them.

Show your potential investors how different you are from the competition if there are any. They are also better convinced when they know the growth potential of your business and the marketing strategy you intend to adopt. When next you are thinking of how to attract investors to your business, you did have a better answer nestled in your head.

Attracting investors can be quite a tedious task as are other facets of running a business. With proper drive and dedication, business targets are sure to be met. But if as a business owner you have asked the question, how do I attract investors to my business, I am sure you now know better ways of going about it.



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