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Published: 31 Aug 2020 1,690 views
Businesses may be experiencing disruptions resulting from the global outbreak of COVID-19. Facebook heard that a little financial support can go a long way, so they are offering in cash grants and in ad credits to help during this challenging time. Are you a business owner and your business is located in Nigeria? Apply before the programme deadline
Facebook, Inc. is an American online social media and social networking service company based in Menlo Park, California. It was founded by Mark Zuckerberg, along with fellow Harvard College students and roommates Eduardo Saverin, Andrew McCollum, Dustin Moskovitz and Chris Hughes. It is considered one of the Big Four technology companies along with Amazon, Apple, and Google. The Facebook service can be accessed from devices with Internet connectivity, such as personal computers, tablets and smartphones. After registering, users can create a customized profile revealing information about thems.... continue reading
| Application Deadline | 04 Sep 2020 |
| Country to study | Nigeria |
| Type | Entrepreneurs |
| Sponsor | |
| Gender | Men and Women |
The purpose of the Grant Programme is to help support small and medium businesses who need assistance due to the adverse effects of Coronavirus (COVID-19). Such support includes:
To be eligible to apply, you must:
Government official
You cannot apply on behalf of your business if you are a current government official or relative of a government official. You will be asked to confirm you are not a government official as part of the application form.
After the relevant Application Period, each properly submitted application that complies with the Eligibility Requirements will be auto-scored using an auto-scoring model; and then undergo a number of verification checks to create a list of applicants’ applications that will be reviewed and ranked by a selection panel who are independent of Facebook who will then select a short-listed number of eligible applicants
When completing your application, you will be required to supply your most recent financial statements or accounts along with a legal document proving that your business has been established for at least one year, such as your annual tax return, business registration document (CAC documents), business licence or partnership agreement.
Please ensure to provide full financial statements or accounts for your business. At a minimum, the financial statements you provide should include a balance sheet and an income statement/profit or loss statement. A balance sheet typically includes a summary of all of your business’ assets and liabilities. For example assets include items such as cash, balances due from your customers, buildings owned by your business, stock held by your business etc. For example, liabilities include balances due to your suppliers, loans due to financial institutions etc. An income statement/profit or loss statement includes a summary of your income, expenses and profit for a year. Abridged financial statements or accounts will not be accepted.
When prompted to do so, please upload these two documents in a PDF format.
For more details, visit the programme website
