The Nigerian government has launched a $10 billion Diaspora Fund to support Nigerian entrepreneurs living abroad, promote investment in Nigeria, and contribute to the country’s economic growth.
What the Fund Can Be Used For?
The Diaspora Fund is a versatile source of funding that can be utilised for various business ventures. It can serve as a financial resource for a wide range of entrepreneurial pursuits including:
- Start-ups
- Business expansion
- Innovation and technology
- Agriculture
- Manufacturing
- Healthcare
- Education
Eligibility Criteria
To be eligible for the Diaspora Fund, entrepreneurs must:
- Be Nigerian citizens living in the diaspora
- Have a viable business plan
- Demonstrate a commitment to investing in Nigeria
- Meet the specific requirements of the chosen funding programme (for detailed requirements download PDF)
How to Apply
1: Visit the official website of the Nigeria Diaspora Fund
2: Download the application form and fill it out completely.
3: Submit the completed application form to the specified email address or physical address.
4: Await the review and selection process.
5: If approved, you will be invited to present your business plan to a panel of experts.
6: Based on the panel’s recommendation, you may be awarded funding.
7: Use the funding to implement your business plan and contribute to Nigeria’s economic development.
8: Monitor and report on the progress of your business to NIDCOM.
Deadline
The deadline for application for the Nigeria Diaspora Fund is 13th May 2024