This is the primary funding scheme of the foundation. Every year an Annual Call for Concept Notes of Proposals is published; requesting qualified organisation based in Nigeria to apply for funds to implement projects in the key focus areas of health, education and skills training. The maximum amount awarded each year is determined by the Board of trustees
How to apply for 2018 World bank N3million – N10million Grant for Grassroot Businesses in Nigeria Coordinated by 3 Major NGOs
THE World Bank said Nigeria had so far accessed less than $50 million of the $300 million earmarked by the bank for youth empowerment and other social works in the country. The World Bank’s Nigeria Lead Social Protection Specialist, Mr Foluso Okunmadewa, said this, yesterday, in Abuja at the Youth Employment and Social Support Operation, YESSO, Midterm Review Policy Level meeting.
Read more at: https://www.vanguardngr.com/2017/11/250m-grant-nigerian-youths-yet-accessed-world-bank/
Okunmadewa said the bank had in 2013, earmarked the fund to support federal and state governments’ efforts to improve the lives of the poor and vulnerable in the society. He said of recent, the YESSO programme, which had four components, had been doing badly, mentioning the Social Register component, which had the ambitious aim to compile the list of the most vulnerable people and households in Nigeria, as example. According to him, it is sad to note that only eight states have thus far keyed into the programme. He said: “The support operation is in its fourth year of implementation and currently active in 13 states of the federation, including the North-East and coordinated at the federal level, also with the NDE. “The operation is expected to close in mid 2020 and the performance today is not impressive. Less than $50 million, which is about 13 per cent of the assistance has been disbursed. “The single register component of the operation, which is quite innovative and has been adopted by the Federal Government for its Cash Transfer programme, is however, recording very slow process. “Only a small fraction of the poor has been identified and registered even in participating states. “Also, the intervention component of the operation, which targets grants transfer for internally displaced people and vulnerable in the North East, is performing very poorly.” Okunmadewa said to encourage more states to participate in the YESSO programme, the World Bank had cut the ration of the required counterpart funding between states and the Federal Government from 50/50 to 90/10. This, according to him, means that for every one Naira the Nigerian government, whether state or federal government invests into youth empowerment, the World Bank will provide nine Naira for it. Also, National Coordinator of YESSO, David Adejo, urged the states to take advantage of the reduction in counterpart funding by the World Bank to invest in avenues that would lead to youth employments in their respective states. “Some states had a public workfare, but when the YESSO started, they pulled back and were no longer funding these projects, thinking that the World Bank would do it alone.
The World Bank has taken a step to promote the Nigerian economy through the banking sector as it seeks to empower grassroots businesses through microfinance banking system.
The project, which is called “bottom-up” project, will involve the release of over N10 billion grants to start up modern microfinance banks that will in turn, empower billions of grassroots businesses courtesy the World Bank.
Development Bank of Nigeria (DBN) will oversee transfer of the grant from the World Bank to the micro finance banks while the Social Exchange will be in charge of registration of the model microfinance banks.
The project, an initiative from World Bank, is channeled towards eradicating poverty and seeks to achieve this by creating modern microfinance banks in the grassroots.
This was made public in training on microfinance bank management for bank chairmen, directors and other stakeholders organized by the Kingdom Wealth Multipurpose Cooperative Society for the South -West region in Lagos.
Speaking at the event, Dr. Mike Alatise, the South-West Regional Coordinator of Kingdom Wealth Multi-purpose Cooperative Society, said the World Bank has set aside N10billion per bank to empower small-scale businesses with the modern microfinance banks, which in turn will deal directly with the business owners.
“Any model microfinance bank that wants to get involved in the grant disbursement must have a minimum of 1000 members with their genuine business proposals without which such bank would be denied registration and entitlement for the World Bank grant,” Akpan stressed.
Our team of experts in affiliation with Development Bank of Nigeria have been able to reach an agreement to provide grants to the teeming Nigerian youth (age bracket 16-60 years). This grant is open to Nigerians without gender-biased and will be duly monitored to achieve its main aim of empowering youth in their various entrepreneurial pursuit.
The main focus of this grant is towards agriculture; most importantly, while other fields of life are duly welcome. Please note that the grants given will be meticulously monitored to ensure that the funds are used judiciously.
The Social Exchange Market Empowerment is open to all citizens of Nigeria that do business within the borders of Nigeria. Applicants must also have a feasible business or project to put forward. However, preference would be given to agro-allied businesses as it is the main focus of this empowerment programme. This does not hinder other non-agro-based businesses from applying.
Each of the 3 NGO’s Cordinating this project will empower 10 million Nigerians, and by cumulative effect, 50 million Nigerians will be employed.
The grants flow from World Charity Box, then to Social Exchange Market, to DBN, then to Model Microfinance Banks, and finally to applicants of the financial aid. Such an employment chain is said to generate wealth for individuals and as well add to national GDP.
Bethany Human Development Centre, one of the NGO website reads, “We are using the grant to promote
1, Agricultural Practices with values added
2, Production of finished goods of various kinds
Applicant must be non-profit working in Nigeria. Apply Now!
For more information, click here.
TY Danjuma Foundation is an independent private Nigerian philanthropic organisation committed to improving the quality of life for disadvantaged Nigerians, by supporting interventions implemented by Non-Governmental Organisations (NGOs), Community Based Organisations (CBOs), faith-based organisations, youth organisations, women’s groups and similar groups working in Nigeria. TY Danjuma Foundation became fully operational in 2010 and has continued to make grants. In 2014 the Foundation’s philanthropic giving reached a significant milestone; the total amount in grants crossed the two billion Naira mark. TY Danjuma Foundation has supported 98 institutions in 19 Nigerian states to implement 153 projects.
TY Danjuma Foundation supports partners and projects in any part of the country. To date projects have been supported in all the six geo-political zones of the country through credible organisations with innovative, practical and relevant project ideas wherever these happen to be located in the country. By working through grantee partners the Foundation empowers communities around the county to tackle issues that matter to them in order to deliver positive results and lasting impact.
TY Danjuma Foundation (Head Office)
35, Fandriana Close, Off Oda Crescent, off Dar Es Salaam Street, Off Aminu Kanu Crescent,
+234 906 5447 852
General Email: email@example.com
TY Danjuma Foundation (Taraba Office)
is another grant providing foundation
Former Ministry of Poverty Alleviation Office,
Jolly Nyame Street, after Taraba Hotel,
TY Danjuma Foundation (Edo Office)
34, Akpakpava Road