Having successfully launched the maiden edition of the Micro Small Medium Enterprise (MSME) grant programme, tagged GET, Compass Grant, Grooming Endowment Trust, a not-for-profit organization, is set to kick-start the second edition of the grant programme, where 15 MSMEs would have access to N12.5 million to expand their businesses.
Through the provision of financial support and essential skills, the program aims to assist beneficiaries in navigating the country’s business environment and achieving scalable growth.
Addressing the newsmen in Lagos, the operations manager of the trust, Michael Adoghe, stated that the programme is set to receive applications from May 15, 2023; the call for applications would be on for two weeks.
He further stated that this year’s edition would provide consulting and advisory services to the selected 15 businesses in addition to the business workshop they will undergo.
According to him, the Trusts’ commitment to empowering start-ups in Nigeria, bringing their ideas to life, and 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.