Apply For March 8th Initiative MSME Grants for Small Businesses in honour of the birthday of Prof. Yemi Osinbajo

Apply For March 8th Initiative MSME Grants for Small Businesses in honour of the birthday of Prof. Yemi Osinbajo

Apply For March 8th Initiative MSME Grants for Small Businesses in honour of the birthday of Prof. Yemi Osinbajo

March 8th Initiative MSME Grants for Small Businesses in honour of the birthday of Prof. Yemi Osinbajo

The Friends of Nigeria’s Vice President, Professor Yemi Osibanjo, have announced the commencement of this year’s ‘March 8 Initiative’ MSME Grant for Small Businesses to mark his 64th Birthday on Monday.

The March 8th Initiative is organised to inspire and promote communal, entrepreneurial and public-spirited endeavours within Nigeria in honour of the birthday of His Excellency, Prof. Yemi Osinbajo, SAN, GCON. Last year, 100 young entrepreneurs received business-defining grants that helped grow and advance enterprise.

In a statement on Friday, “Friends of Prof,” the Group that organises the annual March 8th Initiative said this year’s celebration was expanding in terms of reach and scope as it had been reorganised into four categories providing more opportunities for young Nigerians between 18 and 35 years old.

It said: “First, the Annual Entrepreneurship Development Programme has been reorganised into 4 categories providing more opportunities for young Nigerians between 18 and 35 years old, giving one-off business grants, ranging from N100,000 to N1,000,000 to small businesses in Nigeria. The four categories cover varying stages of small business growth as follows: Big Idea Business Challenge, Business Support Challenge, Catalyst Support Challenge and the Bold Innovation Challenge.

“Second, in addition to the Entrepreneurship Development Programme, the March 8th Initiative will recognise health workers nationwide who, in the face of a global pandemic, demonstrated exemplary courage, compassion, diligence, hard work and professionalism in carrying out their duties. Individuals are requested to nominate any health worker who has shown these qualities for a reward of N1 Million under a Health Grant Reward Category that acknowledges their invaluable service to our communities.

“Additionally, the March 8th Initiative is undertaking a nationwide Ophthalmological intervention to provide succour in the form of surgeries and other therapeutic care for cataract and other eye defects.”

This year, the March 8th Initiative is expanding in terms of reach and scope. First, the Entrepreneurship Programme has been re-organised into 4 categories providing more opportunities for young Nigerians between 18 and 35 years old.

In addition, the March 8th Initiative recognises health workers nationwide who, in an extremely difficult time, continue to exhibit compassion, diligence, hard work and professionalism in carrying out their duties. Individuals are requested to nominate any health worker who has shown these qualities under a Health Grant Reward Category that acknowledges their invaluable service to our communities.

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The 2021 March 8th Entrepreneurship Programme- Call for Proposals

Small MSME owners are invited to apply across four different categories:

  1.  Category 1- My Big Idea Business Challenge | Grant Sum- N100,000

Do you have a small-scale business that could use some injection for enlarging your inventory, or have an idea that solves a troubling issue in your area? We look forward to reviewing your idea-entry under Category 1 of the 2021 March 8th Entrepreneurship Programme 2020. Your entry should be in the form of an elevator pitch on video that summarises who you are, what you do, what problem you are trying to solve, and how you would solve the problem with the grant, if successful. This video should not exceed 60 seconds.

Apply For March 8th Initiative MSME Grants for Small Businesses in honour of the birthday of Prof. Yemi Osinbajo

Entry Criteria

  • Start with your full name and location.
  • You MUST send your video via WhatsApp to 08095798693, and thereafter
  • upload your video on either Facebook, Twitter or Instagram and use the hashtag #FriendsOfProf, and tag @march8thng.
  • Because of the social transformation dimension of the challenge, applicants are required to post their video entries on social media.

2. Category 2- My Business Support Challenge | Grant Sum- N 250,000

Are you a small business looking to expand your current stock, hire staff or acquire basic equipment that would enhance profitability and operational efficiency so you can climb up to the next level of growth? If so, convince us by sending in an abridged business plan in no more than 500 words outlining your ideas, needs and aspirations.

Entry Criteria

  • Business must be registered and must have been in existence for at least 1 year.
  • Submit a one-page proposal not exceeding 500 words describing your business and how N250, 000 will help it grow.

3. My Catalyst Support Challenge | N500,000

Are you an existing small business looking to expand your current scope either product-wise or geographically? Submit a business plan in no more than 750 words sharing your expansion and funding plans.

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Entry Criteria

  • Business must be registered and must have been in existence for at least 2 years.
  • Submit a proposal not exceeding 800 words describing your existing business and the new products or services you want to venture into and how you will apply the funds, if successful.

4. My Bold Innovation Challenge

Business must be registered and must have been in existence for at least 2 years. Are you a young entrepreneur with an innovative idea that provides a solution to a common need or promotes sustainability? Does your idea have potential to positively contribute to people, places and profit? If so, convince us by sending a competitive business plan pitching your ideas and the supporting rationale in no more than 1,000 words.

Entry Criteria

Write a proposal not exceeding 1,000 words on how N1 Million will help your business advance your innovative idea.

Apply For March 8th Initiative MSME Grants for Small Businesses in honour of the birthday of Prof. Yemi Osinbajo

General terms and conditions (applicable to all categories). Entrants must:
  1. Reside in Nigeria.
  2. Be aged between 18 to 35 years.
  3. Be a registered Nigerian business.
  4. Only apply to one category. Applying to more than one will lead to disqualification.

All entries except those for My Big Idea Business Challenge must be submitted at www.march8th.ng

Submit according to the category you are applying for.

Health Grant Reward Category | ₦1,000,000

Nominate a health professional or worker (nurse, doctor, attendant, etc.) in your State who has exhibited compassion, care, professionalism and diligence during the past year. Your nominations should be filled out on the march8th.ng portal providing information about your nominee and the reason(s) for your nomination.

Entries open at 12.00 am on Monday, the 8th of March, 2021 and close at 11:59pm on Sunday, the 14th of March, 2021

 

Deadline: 14th March, 2021

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