Facebook Offers Grant For Support To Small Businesses Post Covid19 Pandemic

There's hope for businesses that have been affected by the covid19 pandemic, in Nigeria and across the world. Facebook is offering grant in money; 400,128 (equal in Naira) in cash, and ad credits; 240,077 (equal in Naira) to help support businesses. The Facebook grant aims to support 30,000 SME's across 30 countries.

The Facebook company states that only Nigeria and South Africa are the only African country selected to enjoy this grant. The grant is part of the $100m Global Grant Program which aims to support businesses that have been affected by the Coronavirus and COVID-19.

The program which launched early this year will be administered under the watchful eyes of Deloitte in partnership with the FATE foundation and Afrigrants. It will provide small businesses with the support they need to rebuild and recover during this pandemic period. Training and help will be offered on digital tools and improve social connection.

In the words of COO Sheryl Sandberg in a Facebook post-  " We want to do more. Our teams across our company are working daily to help businesses. The company is looking for extra ways to organize more virtual training."

Sheryl further stated that " they will have more information to share in the coming week regarding the programme. Our team is finding more ways to help people stay connected, learn how to use technology through Blueprint, and participate in our free e-learning training program.”

This would help boost the economy of the listed 30 countries where Facebook operates. It will also help small scale businesses extend the lifeline of their businesses, and recover from the adverse effect of the covid19 pandemic.

 Facebook company in a bid to empower businesses affected by the covid19 pandemic, created Business Hub. It provides tips and resources for businesses trying to survive during this period. The company stated that it’s partnering with the Lenfest Institute for Journalism and the Local Media Association. It will be offering $1 million in grants for U.S. and Canadian newsrooms that need more resources to cover the pandemic. Each of the grants will be for up to $5,000.

Applicants from Nigeria can begin to apply. The application will begin from the 24th of August 2020 to the 4th of September 2020. The grant is available for 781 businesses in Nigeria. Was your business affected during the pandemic? Do you need financial support?

If you think your business qualify, then you need to check the available eligible business locations. 

A. Go here to check the list of cities: https://www.facebook.com/business/boost/grants. 

B. Select the Country, City/Area, and County. If your business is one of those areas, you can go onto the next step.

Facebook has provided an application guide to help you through the process. The following should be provided before you proceed to apply:

. Business license

. Partnership documents

. Federal Employer Identification Number (FEIN)

. Proof of incorporation

. Official registration

 How do I apply?

All applicants eligible for the small business global program grant should click the link below.


 Photo Credit: Google Pics

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