Nigerian Economic Sustainability Plan (NESP) Grant 2023 Registration has started, apply now. Are you in need of a grant to finance your business or you’re looking for guidelines on how to apply for the ongoing Nigerian Economic Sustainability Plan (NESP) Grant? If yes, we’ve got you covered.
Here, we will guide you through the procedures on how to register and qualify for the Nigerian Energy Support Programme (NESP) ₦4,500,000 grant program by the Bank Of Industry (BOI).
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Before we continue, let’s explain what NESP is all about and what you need to know before you begin your application.
What is NESP?
The full meaning of NESP is Nigerian Economic Sustainability Plan, and it was designed to promote the development of small and large enterprises to grow Nigeria’s Economy.
As part of the Covid-19 recovery strategy, the federal government of Nigeria approved $5.9 billion which is equivalent to N2.3 trillion to stimulate and diversify the economy, create and retain jobs as well as extend protections to the poor.
How Nigerian Economic Sustainability Plan 2023 Grant will be Funded
- N1.1 trillion from the CBN in a way of lending
- N500 billion from Special FGN Accounts
- N302.9 billion from other funding sources
- N334 billion from external bilateral/multilateral sources
The objective of the Program
The main aim of the program is to engage one hundred thousand Micro, Small & Medium Enterprises (MSMEs) in the Production sector and save 1.3 million jobs.
Nigerian Economic Sustainability Plan (NESP) Grant Requirements
For you to be eligible to apply and qualify for the NESP Grant, you must possess the following:
- Be a Nigerian Citizen
- Have a registered business name and Registration Number (RC or BN)
- Business Location
- Business Type
- Age of the Business
- Official Phone Number of the Business
How to Apply/Register For 2023 Nigerian Economic Sustainability Plan (NESP) Grant
To apply or register for Nigerian Economic Sustainability Plan (NESP) grant, kindly follow the step-by-step procedures below:
- Interested applicants should kindly Visit www.apply.boi.ng/register
- Click on Register
- Enter your details correctly
- Create account
- Submit
Please make sure the information you provide during the registration process is correct to avoid being disqualified.
If you need more information concerning the Nigerian Energy Support Programme (NESP) grant, kindly drop a comment by using the comment box below. Thanks.
