Group To Grant SMEs N12.5 million For Business Growth

The Grooming Endowment Trust has disclosed its plan to grant 15 micro, small and medium enterprises a sum of  N12.5 million for business growth.

A statement by the organisation said it would kick-start the second edition of its MSME grant programme, titled ‘Grooming endowment trust compass grant’.

According to the organisation, the aim of the scheme is to assist beneficiaries in navigating the country’s business environment and achieving scalable growth.

Michael Adoghe, the Operations Manager of the group 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, aiding 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.